Trigon Metals Inc. is pleased to announce that it has entered into a non-binding Memorandum of Understanding with Shandong Xinhai Mining Technology & Equipment Inc. pursuant to which Xinhai has agreed to invest in Trigon, in exchange for the right to be appointed as the engineering, procurement and construction contractor for the open pit mining operations at Trigon’s Kombat project in northern Namibia . The open [...]
Trigon Metals Inc. has closed its previously announced non-brokered private placement financing. The Company issued 3,233,330 units at a price of $0.15 per Unit for gross proceeds of $485,000. Each Unit is comprised of one common share of Trigon and one common share purchase warrant . Each Warrant entitles the holder thereof to acquire one Share at a price of $0.25 for a period of 36 months following the closing date of [...]
Trigon Metals Inc. announces the appointment of Jed Richardson as President and as a director of Trigon, effective immediately. Stephan Theron will continue as Trigon’s Chief Executive Officer. Jed Richardson brings considerable expertise to the Trigon management team and its board of directors, particularly with his career in capital markets and his background in the exploration and resource development as CEO of [...]
Aug. 01, 2018 -- Trigon Metals Inc. intends to complete a non-brokered private placement financing of up to 5,000,000 units at a price of $0.15 per Unit for gross proceeds of up to $750,000 . Each Unit will be comprised of one common share of Trigon and one common share purchase warrant . Each Warrant will entitle the holder thereof to acquire one Share at a price of $0.25 for a period of 36 months following the closing [...]
HIGHLIGHTS NI 43-101 Mineral Resource estimate for the Kombat Mine, comprising both the surface accessible and underground, of 1.529 million tonnes of Indicated Mineral Resources at a grade of 1.14% copper, 0.72% lead and 2.88 g/t silver and 5.511 million tonnes of Inferred Mineral Resources at a grade of 3.05% copper, 1.25% lead and 22.93 g/t silver. Positive Feasibility Study completed on the Kombat open pits [...]
TORONTO, July 10, 2018 -- Trigon Metals Inc. is pleased to announce that it has received the environmental approvals required to commence with open pit mining and dewatering for underground exploration activities at the Company’s Kombat project located in northern Namibia . The Company has received notification from the Ministry of Environment and Tourism in Namibia that it has been awarded an Environmental [...]
TORONTO, July 09, 2018 -- Trigon Metals Inc. has entered into a loan agreement with Aberdeen International Inc. pursuant to which Trigon has borrowed $200,000 from Aberdeen ; and a loan agreement with Aberdeen pursuant to which Trigon has borrowed CAD$275,000 from Aberdeen . Each loan is unsecured and subject to an interest rate of 12% per annum. The 200 Loan matures on November 30, 2018 and the 275 Loan matures on [...]
TORONTO, June 08, 2018 -- Trigon Metals Inc. invites interested parties to participate in a conference call and webcast of the results of its feasibility study on the Kombat surface mining operations and plant restart as released on June 5, 2018. Date: Monday, June 11, 2018 Time: 11:00 EDT Conference call and webcast details: North American participants: toll-free number 1 462-0592 International participants call [...]
TORONTO, June 06, 2018 -- Trigon Metals Inc. has granted a total of 450,000 stock options to certain officers, directors and consultants of the Company pursuant to the Company’s stock option plan. The stock options vest immediately and may be exercised at a price of $0.20 per option for a period of five years from the date of grant. This grant of options is subject to the approval of the TSX Venture Exchange. [...]
RESTART: Saleable Copper Metal Tonnes Positive Feasibility Study confirms Phase 1 of the restart program to self-fund mill refurbishment and the reopening of the AFW shaft Robust base case after tax IRR of 103.4% Start-up capital cost for the Kombat open pits of US$6.4 million, includes US$4.7 million for plant refurbishment In 2020, 10.7 million lb of copper produced, generating projected revenue of US$30.7 million, at a [...]
TORONTO, April 25, 2018 -- Trigon Metals Inc. is pleased to provide an update on various workstreams in terms of its strategy to bring the Company’s Kombat operations located in northern Namibia back into production. The Company is targeting the commencement of open pit mining at Kombat by the end of the third quarter of 2018. Feasibility study on track for completion by the end of May 2018. Environmental reports to [...]
HIGHLIGHTS Trigon Metals Files an Updated NI 43-101 Technical Report Including PEA Results Confirming a Further Improved NPV for the Kombat Mine NI 43-101 Mineral Resource estimate for the Kombat Mine, comprising both the surface accessible and underground, of 1.529 million tonnes of Indicated Mineral Resources at a grade of 1.14% copper, 0.72% lead and 2.88 g/t silver and 5.511 million tonnes of Inferred Mineral [...]
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