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 [...]
Trigon Metals Inc. has filed an updated NI 43-101 technical report covering the Kombat copper project in Namibia. The updated NI 43-101 technical report reports an Indicated Minerals Resource of 12.22 million tonnes and an Inferred Mineral Resource of 1.91 million tonnes, representing a 66% increase in the Indicated Mineral Resource from the previous estimate reported at October 1, 2020 . Combined Mineral Resource as at 3 [...]
Trigon Metals Inc. has closed a non-brokered first tranche of its previously announced private placement of units . The Company issued 9,602,500 units pursuant to the First Tranche at a price of $0.40 per Unit for aggregate gross proceeds of $3,841,000. 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 [...]
Trigon Metals Inc. is pleased to announce that due to investor demand, the Company is increasing its previously announced non-brokered private placement financing from total gross proceeds of up to $5,000,000 to total gross proceeds of up to $6,844,000.00 . The Offering will now consist of up to 17,110,000 units at a price of $0.40 per Unit. The Company has now closed the order book and will move to close the Offering [...]
Trigon Metals Inc. intends to complete a non-brokered private placement financing of up to 12,500,000 units at a price of $0.40 per Unit for gross proceeds of up to $5,000,000 . Each Unit will be 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 closing [...]
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