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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

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.


TSXV:TM - Post by User

Post by StockHawk1on Nov 04, 2022 5:35pm
525 Views
Post# 35074557

TM-Sprott streaming deal

TM-Sprott streaming deal

Trigon Metals/TM.v closed up 10% today, ending the week 16.7% up from its opening price on Monday 


TM recently shared that it closed a deal with Sprott Mining for a $37.5M silver and copper stream for its Kombat Mine.


With this TM will sell and deliver all the of silver produced from the Kombat Mine to Sprott.


The $37.5M proceeds will primarily be used to expand plant capacity, dewater the mine and develop an underground mine


TM @ $0.1375, MC $23.603M

https://ca.finance.yahoo.com/news/trigon-closes-silver-streaming-deal-195900718.html

 
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