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 [...]
Trigon Metals Inc. is pleased to announce that the Kombat Mine officially resumed production after 14 years of closure. Trigon has successfully restarted the Kombat Mine with a successful blast in the Kombat open pit this morning at 11:30 a.m. Namibia time. Jed Richardson, President and CEO of Trigon, commented, "Today marks a momentous milestone; for Trigon, the community of Kombat and country of Namibia, and of course [...]
Trigon Metals Inc. is pleased to provide a progress update on work at the Company's Silver Hill project in Morocco . Following the conclusion of drilling in early 2021, the Company has been working to advance the Project in preparation for a resumption of drilling planned for December 2021. Work has focused on mapping and remote sensing, identifying signatures for mineralization in the drilled discovery area, and the new [...]
Eric Sprott announces that, today, 2176423 Ontario Ltd. exercised 1,333,333 common share purchase warrants of Trigon Metals Inc., at $0.25 per common share for aggregate consideration of $333,333. The exercise of Warrants, combined with prior corporate treasury issuances of Shares, resulted in a decrease in holdings of approximately 2.9% of the outstanding Shares on a partially diluted basis since the date of the last [...]
Trigon Metals Inc. is pleased to announce that Tulela Mining & Construction CC , the open pit mining contractor for its Kombat Mine in Namibia, has commenced with mining establishment at site. Tulela has established an operational base at the Kombat site, including the refurbishment of offices and workshops, and has commenced with the delivery of mining equipment to site, including a dozer and a drill rig. In the upcoming [...]
Trigon Metals Inc. has closed, on an oversubscribed basis due to investor demand, a non-brokered second and final tranche of its previously announced private placement of units . The Company issued 7,562,500 units pursuant to the Second Tranche at a price of $0.40 per Unit for aggregate gross proceeds of $3,025,000. Combined with the first tranche of the Offering, which closed earlier this month, the Company has issued a [...]
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