Trigon Metals Inc ( (TSE:TM) ) just unveiled an update.
Trigon Metals Inc. has provided an update on its agreement with Horizon Corporation Limited for the sale of its ownership interest in the Kombat Mine in Namibia. Despite missing the initial target date for finalizing the share purchase agreement, both parties are committed to completing the transaction, which involves a structured loan and a purchase price payable in installments. The transaction is expected to impact Trigon’s operations by potentially enhancing its financial flexibility and focusing its resources on other projects. The completion of the transaction is contingent upon regulatory approvals and other customary conditions.
More about Trigon Metals Inc
Trigon Metals Inc. is a publicly traded Canadian exploration and development company focused on advancing copper and silver projects in Africa. The company holds an 80% interest in five mining licenses in Namibia’s Otavi Mountainlands and is involved in the Kalahari Copper Project. Additionally, Trigon is preparing for the spinout of its Safi Silver Moroccan exploration projects, including Addana and Silver Hill.
YTD Price Performance: -50.42%
Average Trading Volume: 109,186
Technical Sentiment Signal: Buy
Current Market Cap: C$11.89M
Learn more about TM stock on TipRanks’ Stock Analysis page.