Solid close for Trigon Metals ($TM.v $PNTZF) today, up 11% at $0.205.
Would recommend checking out this financial post article detailing Trigon Metals Kombat Mine and its impact in Namibia:
https://financialpost.com/business-trends/trigon-metals-is-breathing-new-life-into-namibias-mining-industry
The recent electrification trend and undersupply of metals are driving copper prices to levels not seen in over a decade due to supply shortages caused by underinvestment and an increase in demand.
$TM's Kombat Mine in Namibia provides them with significant leverage to the electrification trend following the recent (re)start of copper production with 3,500 tonnes of copper concentrate expected in 2022.
Notably, the mine is benefitting the nearby town by offering new jobs and other corporate sustainability initiatives to residents. Mining generates 25% of Namibia's revenue and is a key factor in the economy so $TM's efforts are appreciated and mutually beneficial.
$TM offers a compelling value proposition as they transition production underground allowing output to be increased to 14,000 tonnes of copper concentrate by 2024. Plus, $TM is well-positioned to become a mid-tier copper producer by expanding the resource and production potential of the Kombat Mine.