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TSX-V: TM | FRA: TZU2 | OTCQB: PNTZF

Trigon Metals

Trigon Metals

Building A Mid-Tier African Copper Producer

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Trigon Metals Appoints Noureddine Mokaddem to Board of Directors

28 October 2025 by trigonmetals

TORONTO — October 28, 2025 — Trigon Metals Inc. (TSX-V: TM; OTCPK: PNZTF ) (“Trigon” or the “Company”) is pleased to announce the appointment of Noureddine Mokaddem to its board of directors, effective immediately. Mr. Mokaddem is an experienced professional in the mining industry and international development, he offers a strong local presence as the Company works to build shareholder value around the Moroccan exploration portfolio. Mr. Mokaddem’s appointment is subject to approval of the TSX Venture Exchange.

Noureddine Mokaddem

Mr. Mokaddem brings extensive experience, of 42 years, from his leadership roles across several private and publicly traded companies in Africa, Europe and North America. He currently serves on the boards of LSL Pharma Group and Abcourt Mines Inc. His previous roles include serving as founder, president and chief executive officer & chairman of the board of directors of Maya Gold & Silver Inc. (now Aya Gold & Silver) from 2010 to 2020.

Jed Richardson, Executive Chairman and CEO of Trigon Metals, commented: “ We are honoured to welcome Noureddine to the board of directors. His deep understanding of the mining sector and extensive connections in the mining industry and throughout Morocco will be pivotal as we commence exploration at Addana. Mokaddem is recognised as an experienced architect of large existing mines in Morocco and abroad. His insight and expertise will strengthen our governance and help guide Trigon through this next exciting phase of growth.”

Noureddine Mokaddem, Director of Trigon Metals, added: “I have known Jed for almost 16 years, regularly meeting to discuss the positive development of the mining sector in Morocco. I was pleased when he asked for my support in developing the Addana project, which has been a historic artisanal mining area that has been an area of interest for me for decades. I am confident that together we can develop this area for the benefit of the mining sector in Morocco and Trigon Shareholders.”

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 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 Company’s strategies, board of director appointments 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
IR@trigonmetals.com
Website: www.trigonmetals.com

Filed Under: 2025, -

Trigon Metals Announces Filing of Q1 Financial Results

29 August 2025 by bruna

TORONTO, August 29, 2025 —Trigon Metals Inc. (TSX-V: TM, OTCPK: PNTZF) (“Trigon” or the “Company”) is pleased to announce that it has filed its condensed consolidated interim financial statements and management’s discussion and analysis (“MD&A”) for the three-month period ended June 30, 2025.

Details of the financial results, the Q1 financial statement and management discussion and analysis (“MD&A”) are available under the Company’s profile on SEDAR+ at www.sedarplus.ca and at www.trigonmetals.com .

Trigon Metals Inc.

Trigon Metals Inc. is a publicly trading Canadian exploration and development company with a its core focus on copper and silver holdings in mining-friendly African jurisdictions. The Company 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 financial results of the Company, 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
IR@trigonmetals.com
Website: www.trigonmetals.com

Filed Under: -

Trigon Defines Key Exploration Targets on Its Kalahari Copper Project, Namibia

19 August 2025 by trigonmetals

TORONTO, August 19, 2025 – Trigon Metals Inc. (TSX-V: TM, OTCPK: PNTZF) (“Trigon” or the “Company”) is pleased to announce the successful completion of a drone-based aeromagnetic survey over a key area of its Kalahari Copper Project. The Company has also finalized the data processing and 3D inversion, enabling interpretation and the definition of highly prospective exploration targets which will be the focus of upcoming exploration campaigns.

The survey area was selected for its favourable stratigraphy and structure, as well as its proximity to known mineralization at the Fiesta-Fortuna Prospect (Noronex Limited), located 4 km to the east (Fig. 1). Thick Kalahari sand cover (>40 m) necessitated the use of detailed airborne geophysical surveys to identify prospective targets. Structurally, the area is dominated by two regional-scale, doubly plunging anticlines. Ellipsoidal magnetic lows are interpreted to represent tight Ngwako Pan cored anticlines, flanked by magnetically positive anomalies associated with the D’Kar Formation.

Figure 1: Tenement overview map of the Kalahari Copper Belt indicating the drone magnetic survey area in green.

The Heimat Fold Closure lies within the same domal structure as the Fiesta-Fortuna Prospect (Noronex Ltd) but is interpreted to occur higher in the stratigraphy, within the D’Kar Formation and away from the traditionally targeted contact with the lower Ngwako Pan Formation (Fig. 2). This target is based on Trigon’s understanding of the Kalahari Copper Belt (KCB) mineralization as likely having both diagenetic and epigenetic origins. Most KCB deposits are semi-stratiform and located near the Ngwako Pan/D’Kar contact. While minor mineralization is often found along this contact, major deposits also tend to be spatially linked to regional anticlines or domes, and in some cases to second-order faulting. The exploration focus is therefore on domal features with either an exposed Ngwako Pan/D’Kar contact or with its D’Kar “roof” still intact. The Heimat Fold Closure represents one such target, with known mineralization immediately to the east (along strike). Similarly, the Bushman Dome target area, covers a large Ngwako Pan Fm cored dome immediately to the south of the Heimat Dome.

Figure 2: Map showing the detailed drone RTP overlayed onto the regional airborne RTP map. The map also shows the Heimat Fold Closure target and the doubly plunging Bushman Dome target with the prospective interpreted D’Kar and Ngwako Pan contact highlighted in a transparent grey.

3D inversion of the magnetic data has enabled Trigon to identify the relative depth of the prospective Ngwako Pan/D’Kar contact along the hinge zone of the Heimat Dome (Fig. 3). Trigon plans to use this knowledge to guide its maiden drilling program at the Kalahari Project. Additional magnetic targets identified within this prospective zone, include cigar shaped magnetic highs, likely representing 2nd order, parasitic folding and linear structures attributed to late Damaran age faulting and thrusting. Further interrogation of the data is underway in order to identify specific drill targets.

Figure 3: Two cross sections of the 3D susceptibility model for the survey area. A) West looking cross section of the survey area covering both west ward plunging Heimat Fold Closure and the east ward plunging Bushman Dome with the interpreted prospective D’Kar and Ngwako Pan contact zone highlighted in transparent grey. B) East looking cross section covering the core of the Bushman Dome, indicating a steeply north verging domal structure with parasitic S, Z and M folds with the interpreted prospective D’Kar and Ngwako Pan contact zone highlighted in transparent grey.

Jed Richardson, CEO and Executive Chairman of Trigon, commented, “Our work at the Kalahari Copper Project has now moved beyond early-stage reconnaissance to a targeted strategy based on detailed geophysics. The survey results have given us a clear picture of where the most prospective structures lie, and we’re now positioned to advance towards drilling with a high degree of confidence. This is an exciting step forward as we unlock value from a district that continues to demonstrate world-class potential.”

Dr. Andreas Rompel, VP Exploration, adds, “The geological data strongly indicate folding along an axis trending WSW. In addition, a clear contact between two significant lithologies has been identified, which delineates a compelling drill target. We are excited to advance the next phases of exploration on what we believe is a highly prospective and prolific project.”

Qualified Person

The scientific and technical information in this release has been reviewed and approved by Dr. Andreas Rompel, Pr.Sci.Nat. (400274/04), FSAIMM, the Company’s “qualified person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Dr. Rompel is Trigon’s VP Exploration and is not considered to be independent of the Company.

Trigon Metals Inc.

Trigon Metals Inc. is a publicly trading Canadian exploration and development company with a its core focus on copper and silver holdings in mining-friendly African jurisdictions. The Company 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 exploration drilling at the Kalahari Project, the prospectivity and mineralization at the Kalahari Project, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kalahari Project, 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.

Contacts

For further information, contact Tom Panoulias, VP Corporate Development:
+1 (647) 276-6002 x 1127
tom.panoulias@trigonmetals.com
Website: www.trigonmetals.com

Filed Under: 2025, -

Trigon Metals Announces Annual and Special Meeting of Shareholders to Vote on Sale of its Interest in the Kombat Mine

24 April 2025 by trigonmetals

TORONTO, April 24, 2025 — Trigon Metals Inc. (TSX-V: TM; OTCQB: PNTZF) announces that it will be holding its annual and special meeting of common shareholders on Wednesday, June 11, 2025, at 10:00 a.m. ET (the “Meeting”) to, among other matters, vote on the proposed sale of the Company’s ownership interest in the Kombat Mine to Horizon Corporation Limited (the “Proposed Transaction”).

Trigon and Horizon are in the final stages of negotiation the definitive share purchase agreement (the “SPA”) that will govern the Proposed Transaction and the parties expect to be able to execute the SPA in the coming days. Please see the Company’s press releases dated February 11, 2025 and April 2, 2025 for additional details regarding the Proposed Transaction. The Company will provide further updates as the Proposed Transaction advances. The completion of the Proposed Transaction remains subject to regulatory approvals, including TSX Venture Exchange approval, Trigon shareholder approval, third-party consents, and other customary closing conditions.

The Proposed Transaction is expected to transition Trigon from an under-capitalized operator to a well funded exploration company. This positions Trigon to focus on the full-scale advancement of its copper and silver exploration projects in Morocco, and the Kalahari Copper Project in Namibia. If approved, the Proposed Transaction will provide Trigon with the financial flexibility and capital necessary to aggressively pursue development activities at its Silver Hill, Addana and Kalahari projects, with no additional dilution to shareholders.

Jed Richardson, Executive Chairman and CEO of Trigon, commented:

“With visibility to approximately up to US$40M in payments plus a potentially lucrative royalty, this is an opportunity to concentrate our efforts where we see the highest growth potential and strongest returns, and return some capital to our shareholders over time. We are excited about what lies ahead.”

A package including the management information circular, which will describe the terms of the Proposed Transaction and additional details of the Meeting, will be mailed to Trigon shareholders of record as of May 6, 2025. The mailout will also include a link to download the Proposed Transaction Information Packet from the Trigon website.

About Trigon Metals

Trigon is a publicly traded Canadian exploration and development company focused on advancing copper and silver projects in Africa. The Company’s portfolio includes an 80% interest in five mining licences in Namibia’s Otavi Mountainlands, as well as the Kalahari Copper Project and its Moroccan exploration projects, including Addana and Silver Hill.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Meeting, the Proposed Transaction, the Company’s ability to close the Proposed Transaction, regulatory approvals and operational plans, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat mine, 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 more information, contact Tom Panoulias, VP Corporate Development:

+1(647)276-6002 x 1127

IR@trigonmetals.com
website: www.trigonmetals.com

Filed Under: 2025, -

Trigon Metals Provides Update on the Sale of its Ownership Interest in the Kombat Mine, Namibia

2 April 2025 by trigonmetals

TORONTO –April 2, 2025 -Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) (“Trigon” or the “Company”) is pleased to provide an update on the previously announced agreement with Horizon Corporation Limited (“Horizon”) for the sale of Trigon’s ownership interest in the Kombat Mine in Namibia to Horizon (the “Transaction”).

Both Trigon and Horizon remain committed to completing the Transaction and continue to make steady progress toward closing. While the initial internal target date of March 31, 2025, for entering into a binding share purchase agreement (the “SPA”)was not met, work is advancing on the final steps necessary to complete the Transaction. The parties continue to collaborate on finalizing the SPA, securing the required approvals and satisfying the closing conditions, and Trigon expects to consummate the Transaction.

The key terms of the Transaction remain as follows:

  • Horizon’s loan to Trigon is structured at USD$4,000,000, disbursed in tranches, with an additional loan option of USD$2,000,000 for financing flexibility.
  • The purchase price for Trigon’s shares of the Kombat Mine is set at USD$24,000,000, payable over eight quarterly installments upon shareholder approval.
  • Trigon will retain a 1% net revenue royalty for each of two consecutive calendar months and a royalty of 1% will be payable for 20 months on net copper revenue when invoiced copper price on final invoicing when specified conditions are met
  • A schedule of follow up payments related to the start-up of the Asis Far West expansion

Please see the Company’s press release dated February 11, 2025 for additional details regarding the Transaction.

Jed Richardson, CEO and Executive Chairman of Trigon Metals, commented, “We are pleased with the progress we have made toward closing the sale of Trigon’s interest in the Kombat Mine to Horizon. While we would have preferred a faster pace, we are working through the necessary steps to ensure a successful and seamless transition. Both Trigon and Horizon remain fully engaged in finalizing the Transaction, and we look forward to delivering a positive outcome for our shareholders.”

The Company will provide further updates as the Transaction advances toward closing. The completion of the Transaction remains subject to regulatory approvals, including TSX Venture Exchange approval, Trigon shareholder approval, third-party consents, and other customary closing conditions.

Further to the Company’s press releases dated February 21, 2025 and March 6, 2025, the Company announces that the following finder fees were paid in connection with the recently closed non-brokered private placement by the Company: (i) Hampton Securities received $3,990 in cash and 15,960 finder warrants, (ii) EDE Asset Management Inc. received $5,400 in cash and 21,600 finder warrants, and (iii) Brightmind Ventures Limited received $47,450 in cash.

About Trigon Metals Inc. Trigon is a publicly traded Canadian exploration and development company focused on advancing copper and silver projects in Africa. The Company’s portfolio includes an 80% interest in five mining licenses in Namibia’s Otavi Mountainlands, as well as the Kalahari Copper Project and the upcoming spinout of the Safi Silver Moroccan exploration projects, including Addana and Silver Hill.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Transaction, the timing of the Transaction, the Company’s ability to close the Transaction, regulatory approvals and operational plans, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat mine, 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.

Contacts

For more information, contact Tom Panoulias, VP Corporate Development:
+1(647)276-6002 x 1127
IR@trigonmetals.com
website: www.trigonmetals.com

Filed Under: 2025, -

Trigon Metals Announces Closing of Second Tranche

6 March 2025 by trigonmetals

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO– March 06. 2025 – Trigon Metals Inc. (TSX-V: TM, OTCQB: PNTZF) (“Trigon” or the “Company”) has closed a non-brokered second and final tranche (the “Second Tranche”) of its previously announced non-brokered private placement financing of common shares (the “Offering”). The Company issued 5,603,400 common shares (the “Shares”) at a price of $0.25 per Share for aggregate gross proceeds of $1,400,850 in the Second Tranche. Together with the first tranche of the Offering, the Company has issued an aggregate of 9,993,400 Shares for gross proceeds of $2,498,350.

In connection with the Second Tranche, the Company paid cash finder’s fees of $5,640 and issued 22,560 finder’s warrants (the “Finder Warrants”) to eligible finders. Each Finder Warrant entitles the holder thereof to acquire one Share at a price of $0.25 for a period of 24 months following the date hereof. The Offering remains subject to the final approval of the TSX Venture Exchange.

All securities issued in connection with the Second Tranche are subject to a statutory hold period of four-months and one-day. The Company intends to use the net proceeds from the Second Tranche for working capital and general corporate purposes.

Trigon Metals Inc.

Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the Company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine.

Cautionary Notes

This news release may contain forward-looking statements. These statements include statements regarding the Offering, the use of proceeds of the Offering, the Company’s ability to obtain the requisite approvals for the Offering, the economic viability of the Kombat mine and the Company, the Company’s ability to obtain adequate financing, the Company’s strategies and the Company’s abilities to execute such strategies, the Company’s expectations for the Kombat Mine, 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 x 1127
IR@trigonmetals.com
Website: www.trigonmetals.com

Filed Under: 2025, -

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