TRIGON METALS INC - PNTZF STOCK NEWS

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.

Trigon Metals has entered into a $5 million credit agreement with IXM SA to finance the restart of the Kombat Mine in Namibia. This facility will be used for capital and operating expenses and will be drawn in two tranches of $2.5 million. IXM will acquire 100% of the copper concentrate produced from the mine, with first production expected in early 2022. Trigon's CEO, Jed Richardson, highlights the significance of this partnership for the company's growth and future operations.

Trigon Metals Inc. has resumed production at the Kombat Mine in Namibia after a 14-year closure. The first blast took place on October 19, 2021, marking a significant milestone for the company and its shareholders. The Kombat Copper Project, covering over 7,500 ha, previously produced approximately 12.46 million tonnes of copper from 1962 to 2008 at a grade of 2.62%. The company also holds additional exploration licenses in Namibia and Morocco, focusing on copper and silver.

Trigon Metals has provided an update on its Silver Hill project in Morocco. The company is preparing for a resumption of drilling in December 2021 after completing drilling in early 2021. Recent activities include detailed topographic surveys, geochemical sampling, and planning for a ground geophysical survey to explore potential mineral connections. The trench reported high grades of copper and silver, indicating a significant mineralized strike length. Trigon has also welcomed an experienced geologist, Jed Diner, to enhance its exploration team.

Trigon Metals Inc. has announced that Tulela Mining & Construction CC has commenced mining establishment at the Kombat Mine in Namibia. Tulela has set up an operational base including refurbished offices and workshops, with mining equipment already delivered. Initial work involves topsoil clearing and employee training, with open pit mining expected to start by October 2021. The Kombat Copper Project, Trigon's flagship, holds significant copper production history and prospective areas for lead and zinc. The company maintains a focus on copper and silver exploration.