$TM Doubles Funding Goals After High Interest Due to incredibly strong interest, Junior Mining company Trigon Metals $TM/$TM.C has doubled its NBPP goal, expecting to raise gross proceeds of $4 million.
The closing of the offering is expected to occur on January 20th, with the proceeds to be put towards operations at the company’s Kombat Mine in Namibia.
As price action on $TM‘s charts continues to trend in an ascending triangle pattern towards resistance at $.590, prices are currently retesting the lower trend line of the pattern.
As it appears investor interest in $TM is seriously increasing, I’m expecting a solid bounce off the lower trend line into a retest, or break above resistance.
With the company also announcing its first production of copper concentrates at the Namibian Kombat Project earlier this month it appears that $TM is starting off 2022 on the right foot.
$TM is currently trading at $.405 and is valued at an MCAP of $63.84 million.
https://ceo.ca/@accesswire/trigon-announces-upsizing-of-private-placement-financing