Trigon Metals Inc (TSE:TM) has released an update.
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Trigon Metals Inc. has signed a loan agreement with Horizon Corporation Ltd for up to USD $5 million, granting Horizon the exclusive right to negotiate the purchase of Trigon’s Kombat Mine in Namibia. This strategic move aims to enhance Trigon’s financial position and focus on other exploration projects while ensuring operational continuity of the Kombat Mine. The potential sale, valued at USD $30 million, could lead to shareholder returns through share buybacks or dividends.
For further insights into TSE:TM stock, check out TipRanks’ Stock Analysis page.
