2 huge new announcements from $TM.V Two huge announcements came from Namibian copper miner Trigon Metals last week.
On January 5, $TM announced the first copper concentrate production at its Kombat mine and also its intention to complete a round of private funding for gross proceeds of $2 million.
Teams worked through the Christmas period to complete the installation 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 that the combination of new equipment from Xinhai and refurbished equipment from the historic operation are operating well.
Production is continuing at Kombat, building up to the company’s first concentrate shipment toward the end of this month.
$TM.V also plans to put the funds from the private placement towards recommencement of mining at the Kombat mine and for working capital and general corporate purposes
Shares of $TM are continuing along a bullish trend, currently heading towards a retest of the trend line.
With this positive news regarding production at the Kombat Project, I’m expecting to see share prices continue their bullish movement to retest resistance at $.59.
$TM is currently trading at $.44 and is valued at an MCAP of $69.36 million.
https://ceo.ca/@nasdaq/trigon-announces-private-placement-financing