TRIGON METALS INC - PNTZF STOCK NEWS

Trigon Metals Inc. (OTCQB: PNTZF) has announced the anticipated reopening of the Kombat Mine by Q2 2023, with all necessary drilling completed for a restart of operations. The company has welcomed new geological staff and is preparing for underground mining set to commence in 2024. Trading on the OTCQB started on January 6, 2023. Additionally, Trigon has engaged Renmark Financial for enhanced investor relations and will host a live virtual presentation on January 26, 2023, to discuss company updates. The company also achieved DTC eligibility, facilitating smoother trading processes for investors.

Trigon Metals Inc. (OTCQB: PNTZF) announced promising drill results from new mineralization targets at the Kombat Mine in Namibia. Drilling in the East 400 area revealed significant copper and silver intercepts, including 8m at 1.10% copper in Hole 2A and 5m at 3.98% copper and 8.7 g/t silver in Hole 4A. The results extend the Kombat trend mineralization and confirm continuity in previously barren areas. The company prepares for an open pit restart next quarter, aiming to enhance production capabilities. Quality assurance was conducted following rigorous standards, ensuring reliable results.

Trigon Metals Inc. has successfully shipped its first copper concentrate from the Kombat Mine in Namibia, marking a significant milestone in its operations. The initial shipment of 31 dry metric tonnes, grading 20.41% copper and 265 g/t silver, is part of a larger stockpile of 400 tonnes. The mill is currently operating at 70% capacity, producing over 35 tonnes daily. Trigon anticipates generating over 30 million pounds of copper annually as it progresses towards declaring commercial production.

Trigon Metals has successfully completed a non-brokered private placement financing's final tranche, raising $1,347,032 by issuing 3,848,665 units at $0.35 each. Each unit comprises one common share and a half warrant, with warrants exercisable at $0.50 for 24 months. Proceeds will finance mining activities at the Kombat mine and cover working capital. The company also engaged in insider participation, treating it as a related party transaction. The final tranche is pending approval from the TSX Venture Exchange.

Trigon Metals Inc. has closed the first tranche of its non-brokered private placement, issuing 3,312,642 units at $0.35 each, raising $1,159,425. A second tranche totaling $863,029.15 is anticipated soon. Each unit includes one common share and half a warrant, exercisable at $0.50 for two years. The funds will support mining operations at the Kombat mine and general corporate purposes. With ramp-up underway, ore delivery and grades are improving, and commercial production is expected in March 2022.

Trigon Metals Inc. announced an increase in its non-brokered private placement financing from $2,000,000 to $4,000,000 due to strong investor interest. The offering will include up to 8,888,888 units, priced at $0.45 each, consisting of one common share and one half warrant. Each warrant allows the purchase of a share at $0.50 for 24 months. The closing is expected around January 20, 2022, subject to regulatory approval. Proceeds will fund the Kombat mine recommencement and working capital needs.

Trigon Metals Inc. announced the successful production of its first copper concentrates at the Kombat Mine in Namibia on December 30, 2021. Management's milestone was achieved after a thorough installation of equipment, with production exceeding expectations. Initial production yielded satisfactory copper grades nearing 20% and over 600 g/t silver, utilizing lower-grade ore. The company anticipates full commercial production by March 2022, as operations continue to optimize. CEO Jed Richardson highlighted this achievement as a major de-risking of the mine, essential for stakeholder confidence.

Trigon Metals has appointed Paul Bozoki as Chief Financial Officer, effective immediately. With over 25 years of corporate finance experience and a background with Kombat Copper, Mr. Bozoki is expected to enhance the company's financial strategies as it progresses towards full production at the Kombat Mine. He replaces Deborah Battiston, who is thanked for her service. Trigon operates in Namibia and Morocco, primarily focused on copper and silver exploration in mine-friendly jurisdictions.

Trigon Metals Inc. has filed an updated NI 43-101 compliant technical report for the Kombat project in Namibia, focusing on its Mineral Reserve estimate and feasibility study. As of August 3, 2021, the open pit Mineral Reserve includes 1.54 Mt of diluted tonnes, with copper grade at 1.14% and lead at 0.28%. The report indicates a copper price of USD 7,054/t and average silver price of USD 20.15/oz. The technical report is available on SEDAR and Trigon's website for detailed insights on resources and reserves.