Business
Trigon Metals Announces Closing of Sale of Kombat Mine Interest to Horizon Corporation Limited
TORONTO / Dec 23, 2025 / Business Wire / Trigon Metals Inc. (TSX-V: TM; OTCPK: PNZTF) (“Trigon” or the “Company”) is pleased to announce that it has completed t
About this update from Safi Silver Corp.
[{"type":"text","content":"TORONTO / Dec 23, 2025 / Business Wire / Trigon Metals Inc. (TSX-V: TM; OTCPK: PNZTF) (“Trigon” or the “Company”) is pleased to announce that it has completed the previously announced transaction (the “Transaction”) with Kamino Minerals Limited (the “Purchaser”) and Horizon Corporation Limited (“Horizon”), an affiliate of the Purchaser, for the sale of Trigon’s interest in the Kombat Mine and associated assets to the Purchaser. The Transaction was completed pursuant to a share purchase agreement (the “Share Purchase Agreement”) dated May 27, 2025 among Trigon, the Purchaser and Horizon. Please refer to the Company’s press release dated May 29, 2025 for further details in respect of the Transaction. This closing marks the culmination of a comprehensive process that included the signing of a definitive agreement, receipt of the required regulatory and shareholder approvals, and the satisfaction of customary closing conditions. With this Transaction now finalized, Trigon has successfully transitioned ownership of the Kombat Mine to the Purchaser, which will assume full operational control and management of the asset moving forward. The completion of this sale significantly strengthens Trigon’s balance sheet and positions the Company to advance exploration and development work at its new flagship copper project, the Addana Project in Morocco (the “Addana Project”). Proceeds from the sale ensure that the Company is fully funded for an aggressive exploration program designed to unlock the value of the Addana Project’s promising copper potential. The Transaction remains subject to the final approval of the TSX Venture Exchange (the “Exchange”). Jed Richardson, CEO and Executive Chairman of Trigon, commented: “This transaction marks an exciting new chapter for Trigon. By completing the sale of the Kombat Mine, we are now fully funded to focus our efforts on the Addana Project, a highly prospective copper asset in Morocco that we believe will define the Company’s next phase of growth. I want to thank all parties involved in bringing this transaction to a successful close for their professionalism and commitment. We also extend our sincere appreciation and best wishes to all former Trigon employees and personnel who will continue at the Kombat Mine under Horizon’s management. We remain proud of what we accomplished together at Kombat and ...