Trigon Metals Announces Granting of Competition Approval for Sale of its Interest in the Kombat Mine to Horizon
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Trigon Metals Announces Granting of Competition Approval for Sale of its
Interest in the Kombat Mine to Horizon
Toronto, Canada – September 18, 2025 – Trigon Metals Inc. (TSX-V: TM, OTCPK: PNTZF) (“Trigon”
or the “Company”) is pleased to announce that the Namibian Competition Commission (the
“Competition Commission”) has granted approval, effective September 12, 2025, for the
previously announced sale of the Company’s interest in the Kombat Mine and associated assets
(the “Transaction”) to Horizon Corporation (“Horizon”) (Please see the Company’s press release
dated May 29, 2025 for further details regarding the Transaction).
The granting of competition approval initiates the final steps towards closing the Transaction. The
parties continue to work collaboratively to complete the remaining closing conditions.
Richard Tayelor, Director of Horizon Corporation, commented:
“We are pleased to have reached this important step and thank the Competition Commission for
their timely approval. Horizon is committed to working alongside Trigon and all stakeholders to
ensure a smooth project expansion phase and mine restart. We look fo rward to unlocking the
mine’s long-term potential and ensuring sustainable operations for the benefit of all parties.”
Mr. Knowledge Katti, founding shareholder in Trigon Namibia, added:
“The approval from the Namibian Competition Commission marks a pivotal moment for the
Kombat Mine, opening a new chapter of growth and opportunity. I am proud that this
Transaction ensures continued community involvement through Epangelo Mining’s 10%
shareholding, reinforcing our commitment to Namibia’s sustainable development. We are
thrilled about the next steps to bring the mine back into operation, creating jobs for Namibians
and delivering lasting benefits to the region.”
Trigon will provide further updates as the parties advance toward completion of the Transaction.
The Transaction remains subject to the final approval of the TSX Venture Exchange.
Trigon Metals Inc.
Trigon Metals Inc. is a publicly-trading Canadian exploration and development company with its
core focus on copper and silver holdings in mining -friendly African jurisdictions. The Company
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holds the Kalahari Copperbelt Project in Namibia. In Morocco, the Company is advancing two
exploration projects; Addana, which hosts silver-bearing veins along with other metals, and Silver
Hill, a sedimentary copper prospect that has already undergone drilling.
Cautionary Notes
This news release may contain forward-looking statements. These statements include statements
regarding the transaction with Horizon, the integration of operations, timing of closing of the
Transaction, the Company’s ability to satisfy the closing conditions of the Transaction , and
anticipated benefits of the transaction , the Company’s strategies and the Company’s abilities to
execute such strategies, and the Company’s future plans and objectives. These statements are
based on current expectations and assumptions that are subject to risks and uncertainties. Actual
results could differ materially because of factors discussed in the management discussion and
analysis section of our interim and most recent annual financial statements or other reports and
filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not
assume any obligation to update any forward -looking statements, except as required by
applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
For further information, contact Tom Panoulias, VP Corporate Development:
1(647)276-6002 ext. 1127
Website: www.trigonmetals.com