$TM.V Closes Books On Funding And Gives Updates Trigon Metals (TM:TSXV) has closed the books on its first round of private funding for aggregate gross proceeds of $1,159,425. A second tranche of orders totalling $863,029 is also expected to close this week, bringing the company’s total proceeds to over $2 million.
Along with closing its funding, $TM has provided an update on operations at its Kombat Copper Project in Namibia.
Ramp-up continues on the project as ore delivery to the mill is steadily improving, head grades are meeting expectations, and dilution appears to be minimal. The mil has transitioned from batch processing to more continuous operation, with commercial production expected to be reached next month.
As global copper demand continues to skyrocket, led by EV production and a global switch to green energy, Trigon’s operational progress coincides perfectly to meet this rise.
Shares of $TM.V have been trending bearishly since markets took a downturn earlier this year. However, downward momentum has begun to slow for shares of the company, supported by both lower volume and a slowing trend. This is a great sign as shares currently sit at a key historic price point.
There has been nothing but positive news as of late regarding Trigon’s Kombat Project which leads me to anticipate a price correction in the near future.
$TM.V is currently trading at $.33 and the company is valued at a market cap of $53.11 million.
https://ceo.ca/@accesswire/trigon-closes-books-and-first-tranche-of-private-placement