Trigon Metals Inc. is pleased to announce that it has entered into a non-binding term sheet with Sprott Resource Streaming and Royalty Corp. and Sprott Mining Inc. for a US$27.5 million silver and copper stream for its Kombat Mine located in Grootfontein, Otjozondjupa Region of Namibia. The Streaming Transaction Pursuant to the Transaction, Trigon shall sell and deliver to Sprott 100% of silver produced from the Kombat [...]
Trigon Metals Inc. provides the following operational update and review of mining performance, ore processing and copper concentrate shipments from its Kombat Mine in Namibia. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220707005443/en/ Figure 1: Total Mined Tonnes vs. Ore Tonnes: To date 8.1 tonnes of waste have been moved for every tonne of ore. Over the [...]
Trigon Metals Inc. has entered into a credit agreement dated May 24, 2022 with Sprott Mining Inc. and the Company's wholly owned subsidiary, Trigon Holding Corp. , pursuant to which Sprott has lent to the Company US$2.5 million . The Sprott Loan has a term of 180 days and will accrue interest at the rate of 12.0% per annum, payable in arrears. The Sprott Loan is secured by security interest over all present and after [...]
Trigon Metals Inc. announces the delineation of a new area of mineralization referred to as the Central Pit southwest extension, and results from recently drilled holes in the East 900 area. The drilling is part of 10,000m planned programme aimed at resource definition and new exploration for the central license area at the Kombat Mine. Drilling Highlights Central Pit SW Extension C1DDT3-01 2 notable intercepts; [Azumith 359, Dip 55] 4m [...]
Trigon Metals Inc. is pleased to announce that it has closed on the funding of C$5,500,000 pursuant to its previously announced convertible security funding agreement with Lind Global Fund II, LP, an entity managed by The Lind Partners, LLC, a New York-based institutional fund manager . Pursuant to the Agreement, Lind has made an investment of C$5,500,000, less a commitment fee of C$165,000, in exchange for a convertible [...]
Trigon Metals Inc. is pleased to announce that it has entered into a convertible security funding agreement dated April 27, 2022 with Lind Global Fund II, LP, an entity managed by The Lind Partners, LLC, a New York-based institutional fund manager . Under the terms of the Agreement, Trigon has agreed to issue to Lind a convertible security in the principal amount of C$5,500,000, with such proceeds being used for general [...]
Trigon Metals Inc. is pleased to announce that it has entered into a convertible security funding agreement dated April 27, 2022 with Lind Global Fund II, LP, an entity managed by The Lind Partners, LLC, a New York-based institutional fund manager . Under the terms of the Agreement, Trigon has agreed to issue to Lind a convertible security in the principal amount of C$5,500,000, with such proceeds being used for general [...]
Trigon Metals Inc. announces that it has completed an IP survey of its Silver Hill project in Morocco . This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220323005615/en/ Fig. 1: Examples of IP pseudo-sections showing clear increasing of chargeability in depth and lateral continuity of the chargeable objects Initial drilling targeted areas that showed evidence of [...]
Trigon Metals Inc. has closed its previously announced non-brokered private placement financing of units on a fully subscribed basis. The Company issued 4,862,500 units at a price of $0.40 per Unit for aggregate gross proceeds of $1,945,000. Each Unit is comprised of one common share of Trigon and one-half of one common share purchase warrant . Each Warrant entitles the holder thereof to acquire one Share at a price of [...]
Trigon Metals is pleased to announce that due to overwhelming investor interest, it has closed the order books on its previously announced non-brokered private placement of up to 4,862,500 units at a price of $0.40 per Unit for gross proceeds of up to $1,945,000. 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 [...]
Trigon Metals intends to complete a non-brokered private placement of up to 3,750,000 units at a price of $0.40 per Unit for gross proceeds of up to $1,945,000. 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 announces the first shipments of copper concentrate. The first truck load was delivered from the mine to IXM warehouses in Walvis Bay, Namibia, late last week. The truckload contained 31 dry metric tonnes of concentrate, grading 20.41% copper and 265 g/t silver. The truckload is the first of 400 tonnes of concentrate now produced and stockpiled at the Kombat Mine. The balance of the concentrate will be moved [...]
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