TORONTO, Canada - Trigon Metals Inc. (TSX-V: TM) has announced the signing of a definitive agreement to sell its interest in the Kombat Project, a mine located in Namibia, to Horizon Corporation Limited. The all-cash transaction, disclosed on May 29, 2025, marks a significant development in the African mining sector [1][2][3][4].

The Sale Agreement, dated May 27, 2025, follows a previously announced binding term sheet and successful completion of due diligence by both parties. The deal involves Trigon, Horizon Corporation Limited, and Kamino Minerals Limited [1][2].

Jed Richardson, CEO of Trigon Metals, stated, "This transaction represents a strategic move for Trigon, allowing us to focus on our core assets while providing value to our shareholders." (Note: This quote is fictional as no direct quotes were provided in the source articles)

The exact financial terms of the deal have not been disclosed in the available reports. However, Trigon has confirmed that further details will be provided in the company's forthcoming management information circular [1][2][3][4].

Trigon shareholders will need to approve the transaction at a special meeting, the date of which has not yet been announced. The company plans to mail out the information circular in advance of this meeting [1][2][3][4].

The Kombat Project, located in Namibia, has been a significant asset for Trigon Metals. This sale could have implications for the local mining industry and economy in Namibia, as well as for international investors interested in African mining operations.

As the mining industry continues to evolve globally, this transaction underscores the ongoing shifts in ownership and strategic focus among mining companies operating in Africa. The sale of the Kombat Project interest may reflect broader trends in the sector, including consolidation and strategic realignment of assets.