Trigon Metals Reschedules Shareholder Meeting for Kombat Project Sale

The latest announcement is out from Trigon Metals Inc ( (TSE:TM) ).

Trigon Metals Inc. has rescheduled its annual and special meeting to July 4, 2025, where shareholders will vote on the proposed sale of its interest in the Kombat Project in Namibia to Horizon Corporation Limited. The transaction, pending shareholder and regulatory approvals, is a strategic move that could enable Trigon to buy back shares, pay dividends, and fund ongoing projects in Morocco and Namibia, potentially strengthening its market position.

The most recent analyst rating on (TSE:TM) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Trigon Metals Inc stock, see the TSE:TM Stock Forecast page.

Spark’s Take on TSE:TM Stock

According to Spark, TipRanks’ AI Analyst, TSE:TM is a Underperform.

Trigon Metals Inc faces significant financial instability, with negative profitability and high leverage, impacting its overall stock score. Technical analysis indicates a bearish trend, while the valuation suffers due to a negative P/E ratio and no dividend yield. Although corporate events suggest potential strategic shifts providing financial flexibility, operational challenges pose risks. The overall score reflects these significant challenges, suggesting caution for potential investors.

To see Spark’s full report on TSE:TM stock, click here.

More about Trigon Metals Inc

Trigon Metals Inc. is a publicly-traded Canadian exploration and development company focused on copper and silver holdings in Africa. The company operates in Namibia and Morocco, holding a 100% interest in the Kalahari Copperbelt Project and an 80% interest in five mining licenses in the Otavi Mountainlands, where it operates the Kombat Mine. In Morocco, Trigon holds the Silver Hill and Addana projects, which are prospective copper and silver exploration sites.

Average Trading Volume: 39,839

Technical Sentiment Signal: Sell

Current Market Cap: C$13.07M

For an in-depth examination of TM stock, go to TipRanks’ Stock Analysis page.