TRIGON METALS INC - PNTZF STOCK NEWS

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.

Trigon Metals Inc. (OTC PINK:PNTZF) announced the successful flotation of copper concentrate at the refurbished Kombat Mill on December 17, 2021.

The refurbishment is nearly complete, with commissioning underway and the primary crusher operational. The company aims to produce its first concentrate before year-end. CEO Jed Richardson expressed satisfaction with the project's progress, highlighting the company's focus on growth in 2022. The Kombat Copper Project is a significant undertaking, previously yielding over 12 million tonnes of copper. The company also holds licenses for prospective lead and zinc deposits.

Trigon Metals Inc. announced an updated Mineral Reserve and feasibility study for the Kombat project in Namibia. The new Mineral Reserve estimate stands at 1.54 million tonnes with an average grade of 1.14% copper. The company is moving towards the restarted open pit mining, aiming for first production of copper concentrate in early 2022. The total start-up capital required is USD 10 million. Updated production forecasts suggest outputs of 3,500 tons in 2022, increasing to 14,000 tons by 2024. The project highlights the company's potential to grow as a mid-tier copper producer.

Trigon Metals Inc. has entered a lease agreement with Kombat Village Properties for land around the Kombat Mine, critical for its ongoing open pit mining operations and tailings facility construction. The lease totals C$1,961,606, payable in three tranches, with an additional grant of 200,000 stock options at an exercise price of $0.46. Trigon will also transfer a 10% equity interest in Gazania Investments to Texel Mining, valued at C$50,000. The Kombat Project, historically significant with over 12 million tonnes of copper produced, is set for ore processing startup in December 2021.

Trigon Metals Inc. announces the election of Gabriel Ollivier to its Board of Directors, effective immediately. Ollivier brings over 25 years of experience in the resource sector and capital markets. He currently leads Equus Energy Advisors and is the CEO of United Hydrocarbon International. Previously, he was CEO of UNX Energy, which sold for $730 million in 2011. The appointment follows the resignation of Stephon Theron. Ollivier will receive 350,000 stock options at an exercise price of $0.45, subject to TSX approval. Trigon focuses on copper and silver projects in Namibia and Morocco.

Trigon Metals Inc. announced the successful completion of conditions precedent for a US$5 million credit facility with IXM SA to restart the Kombat mine. The first tranche of US$2.5 million will be drawn immediately, with the second tranche expected in December 2021. Additionally, an offtake agreement for copper concentrate has been signed with IXM. The Kombat Project has historically produced 12.46 million tonnes of copper. The company anticipates commissioning the plant in December 2021 and expects to produce first concentrates in early 2022.

Trigon Metals Inc. (TSXV:TM) announced significant drilling results from its Kombat Mine project in Namibia. Recent geotechnical drilling intercepted high-grade copper mineralization, with notable results including an 8m intersection of 6.56% Cu and 5m of 9.15% Cu. These findings suggest potential increases in both resource tonnes and deposit grade, enhancing the viability of the planned open pits. The company holds a strong position in the Otavi Mountainlands, having produced over 12.46 million tonnes of copper historically. The project is still in a developmental phase, with further exploration expected.