Trigon Metals is pleased to announce that due to strong investor demand, the Company is increasing its previously announced non-brokered private placement financing from total gross proceeds of up to $2,000,000 to total gross proceeds of up to $4,000,000. The Offering will now consist of up to 8,888,888 units at a price of $0.45 per Unit. Each Unit is comprised of one common share of Trigon and one-half of one common [...]
Trigon Metals intends to complete a non-brokered private placement of up to 4,444,444 units at a price of $0.45 per Unit for gross proceeds of up to $2,000,000. Each Unit is comprised of one common share of Trigon and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.50 for a period of 24 months following the date hereof, subject to an [...]
Trigon Metals Inc. is pleased to announce the first copper concentrates were produced at the Kombat Mine in Namibia on Thursday, December 30, 2021. Teams worked through the Christmas period to complete the install of filter presses and run ore through the full production process to achieve this milestone, meeting management's forecasted goal. The concentrate produced exceeded the expectations of management, demonstrating [...]
Trigon Metals Inc. today announces that it has appointed Paul Bozoki as Chief Financial Officer, effective immediately. Mr. Bozoki is a Chartered Accountant and holds an MBA from the Richard Ivey School of Business with over 25 years of accounting, tax and corporate finance experience working with development stage companies and has been involved with projects in Zimbabwe, Mali, Mozambique and the Democratic Republic of [...]
Trigon Metals Inc. has filed an updated National Instrument 43-101 compliant technical report supporting the Mineral Reserve estimate and feasibility study for the open pit mine at the Kombat project in Namibia . The updated Mineral Reserve estimate for the open pit is set out below. Kombat Project Open Pit Mineral Reserve Estimation as at 3 August 2021 Mineral Reserve Category Diluted Tonnes Grade Content Cu Pb Ag Cu Pb [...]
Trigon Metals Inc. is pleased to announce that Friday, December 17th, 2021, marked the first flotation of copper concentrate at the newly refurbished Kombat Mill. In addition, all long lead items for the Kombat processing plant, as bought from Yantau Xinhai Industry & Trade Co., Ltd , have arrived in Namibia and have been transported to the mine for installation. The refurbishment of the processing plant is now largely [...]
Trigon Metals Inc. announces an updated National Instrument 43-101 compliant Mineral Reserve estimate and feasibility study for the open pit mine at the Kombat project in Namibia . Kombat Open Pit Mineral Reserve Estimate In 2018, the Company published a Mineral Reserve estimate for the Kombat open pit, together with a feasibility study on the open pit project. The Mineral Resource estimate for Kombat was updated in 2020 [...]
Trigon Metals Inc. is pleased to announce that it has entered into a lease agreement with local Namibian company, Kombat Village Properties Ltd , for the lease of land in and around the Kombat Mine area . Trigon requires the use of land around the Kombat Mine for the continued development of its open pit mining operations, including the establishment of the mine's tailings facility. Construction of the tailings facility [...]
Trigon Metals Inc. is pleased to announce the election of Mr. Gabriel Ollivier to the Company's Board of Directors, effective immediately. Mr. Ollivier brings over 25 years of resource sector and capital markets experience, working both domestically in Canada and internationally in numerous countries. He currently leads Equus Energy Advisors Inc., a consulting practice based in Calgary, Alberta, and he is also currently [...]
Trigon Metals Inc. is pleased to announce that it has satisfied all of the conditions precedent to funding pursuant to its credit agreement with IXM SA for a US$5 million project finance facility for the restart of the Kombat mine, as announced on October 28, 2021. The first tranche of the credit facility of US$2.5 million will be drawn down immediately, with the second tranche consisting of the remaining US$2.5 million [...]
Trigon Metals Inc. is pleased to announce that recent drilling has unexpectedly intercepted high-grade mineralization that has the potential to increase both the resource tonnes and deposit grade. Geotechnical drill testing of the rock conditions around the planned open pits was completed to confirm rock stability for mine design purposes. Core from these holes, outside of the currently designed pit shells, the core in [...]
Trigon Metals Inc. is pleased to announce that it has entered into a credit agreement with IXM SA for a US$5 million project finance facility to provide the next tranche of funding required for the restart of the Kombat Mine. The parties have also agreed on concentrate offtake terms for the offtake of copper concentrate by IXM from the Company's Kombat Mine in Namibia. IXM is a global merchandiser of base and other [...]
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