Trigon Metals Inc V.TM

Alternate Symbol(s): PNTZF

Metals & Mining Copper

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.

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Trigon Metals Inc

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Post by waves1on Nov 02, 2022 2:50pm

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Post# 35067397

TM CEO on $37.5M silver & copper stream from Sprott

Highlights from TM's new KE Report interview with CEO Jed Richardson regarding the $37.5M silver & copper stream from Sprott

$10M increase in deal was to ensure TM had enough capital to start both the underground mine AND to fund operations at the open pit in April 2023

Ability to buyback half of stream based on the exploration upside at Kombat & TM's bullish stance on silver
TMs getting the value for the resource that they currently have AND the value for the underground stage where there is not yet a defined resource
2023 focus will be working on a new resource and mine plan for the open pit with drilling to begin in April
2023 catalysts New resource for the Kombat open pit mine, restarting the mine in April and updated feasibility study from the underground mine at Kombat at the end of Q2

I'd recommend checking the interview out as was quite informative & provides a good look into what is coming next for TM IMO

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