The TSX Venture Exchange has accepted for filing documentation pertaining to a share purchase agreement dated May 27, 2025, between Trigon Metals Inc. and an arm's-length purchaser and its affiliate, whereby the company disposed of its interest in the Kombat mine and associated assets in Namibia.

Pursuant to the terms of the agreement, the transaction involved the sale of all of the issued and outstanding shares of Trigon Ontario and PNT Financeco Corp., together with the intercompany loan owing by PNT Financeco Corp. to the company, for total consideration of $24-million (U.S.), payable in eight instalments and subject to customary purchase price adjustments for certain outstanding liabilities. The company is also entitled to contingent consideration, depending on copper prices, triggered once underground operations achieve specific ore production and processing milestones.

The company was granted a 1.0-per-cent net smelter return (NSR) royalty on copper production from the Kombat mine, payable only when the final invoice copper price exceeds $4 per pound, with payments commencing after the mine achieves 1,000 tonnes of production for two consecutive months and terminating after 20 payments, subject to a maximum of eight deferrals by the company and no buyback provision.

The company will pay an aggregate cash finder's fee to an arm's-length finder in the amount of approximately $720,000 (U.S.), payable in five instalments beginning April 4, 2026.

For further details, please refer to the company's information circular dated June 2, 2025, and its news releases dated Dec. 3, 2024, and Dec. 16, 2024, and Feb. 11, 2025, May 29, 2025, July 7, 2025, and Dec. 23, 2025, all of which are available on the company's profile on SEDAR+.