Trigon Metals receives competition OK for Kombat sale

Executive Summary

• The Namibian Competition Commission granted approval (effective Sept. 12, 2025) for Trigon Metals Inc.’s previously announced sale of its interest in the Kombat mine to Horizon Corp.
• Approval clears a key regulatory hurdle, allowing the parties to move toward closing the transaction pending remaining conditions and TSX‑V exchange approval.
• Both companies highlighted the deal’s potential to restart operations, create jobs, and sustain community involvement through Epangelo Mining’s 10 % shareholding.

Key Details

• Regulatory Approval: Namibian Competition Commission approved the sale; approval becomes effective on Sept. 12, 2025.
• Transaction Scope: Sale of Trigon Metals’ interest in the Kombat mine and associated assets to Horizon Corp. (details originally disclosed in Trigon’s May 29, 2025 press release).
• Closing Timeline: Approval initiates final steps; parties will satisfy remaining closing conditions and obtain final TSX Venture Exchange approval.
• Stakeholder Comments:
• Richard Tayelor, Director of Horizon – expressed satisfaction with the timely approval and commitment to a smooth project expansion and mine restart.
• Knowledge Katti, founding shareholder in Trigon Namibia – emphasized community benefits, noting Epangelo Mining’s retained 10 % shareholding and anticipated job creation.
• Future Updates: Trigon Metals will provide further communications as the transaction progresses toward completion.

Notable Quotes

“We are pleased to have reached this important step and thank the competition commission for their timely approval… We look forward to unlocking the mine's long‑term potential and ensuring sustainable operations for the benefit of all parties.” – Richard Tayelor, Director, Horizon Corp.

“The approval … marks a pivotal moment … I am proud that this transaction ensures continued community involvement through Epangelo Mining's 10‑percent shareholding… we are thrilled about the next steps to bring the mine back into operation, creating jobs for Namibians.” – Knowledge Katti, Founding Shareholder, Trigon Namibia.