Trigon Metals Inc. has secured shareholder approval for the sale of its interest in the Kombat Mine in Namibia to Horizon Corporation Limited, through its affiliate Kamino Minerals Limited, in a deal valued at approximately N$429 million (US$ $24 million).
At the company’s annual meeting held on 4 July 2025, over 99% of shareholders voted in favour of the transaction.
The sale forms part of a definitive agreement signed earlier this year, which will see Kamino acquire 100% of the shares in Trigon Ontario – a newly formed subsidiary – along with full ownership of PNT Financeco Corp, which holds the Namibian assets, as well as an intercompany loan owed by PNT to Trigon.
Shareholders also approved the election of all nominated directors, the reappointment of the company’s auditors, and Trigon’s stock option plan.
Trigon is a publicly listed Canadian exploration and development company focused on copper and silver assets in Africa.
Its operations are currently centred in Namibia and Morocco.
In Namibia, Trigon holds an 80% stake across five mining licences in the Otavi Mountainlands, a region known for high-grade copper deposits and the site of the historic Kombat Mine, which the company has been working to redevelop.
