Trigon Metals Inc. has secured shareholder approval to sell its interest in the Kombat Mine in Namibia, marking a turning point for one of the country’s most historic copper operations.
At a meeting held on July 4, 2025, more than 99% of Trigon shareholders voted in favour of the proposed transaction with Kamino Minerals Limited, an affiliate of Horizon.
The approval follows the company’s management circular dated June 2, which outlined the terms of the sale and its strategic rationale.
Trigon also confirmed that shareholders approved the election of its board of directors’ nominees, the appointment of its auditors, and its stock option plan at the same meeting.
The company thanked shareholders for their participation and ongoing support.
The transaction involves the sale of Trigon’s full interest in the Kombat Mine to Kamino Minerals, an entity affiliated with Horizon Capital Group. Horizon is known for investing in mining assets with the intention of long-term development and sustainability.
The plan was first detailed in late May 2025, when Trigon described the deal as an opportunity to strengthen its balance sheet and focus its resources on other projects. By transferring ownership to Horizon’s affiliate, the Kombat Mine is expected to see dedicated investment aimed at resuming and expanding production.
The Kombat Mine is located in the Otavi Mountainlands, an area in northern Namibia known for its rich copper deposits.
Mining at Kombat dates back to the early 1900s, with a long history of producing copper, silver, and lead before operations halted in the early 2000s.
Trigon acquired its interest in the mine as part of a strategy to revive older high-grade copper assets. Over recent years, the company invested in refurbishment, exploration drilling, and studies to prepare for renewed production.
Trigon holds an 80% stake in five mining licences in the Otavi region, with Kombat serving as the centrepiece. The company has emphasised that this region remains underexplored, with the potential for high-grade discoveries supported by historic production records.
Kamino Minerals, the buyer, is a newly formed affiliate of Horizon, which brings private investment backing focused on mining development.
Horizon has signalled its intention to invest in Kombat’s infrastructure and exploration to unlock its long-term value.
Trigon has described the sale as a strategic move to unlock immediate value for its shareholders while ensuring the mine has the necessary resources for sustainable redevelopment.
While the detailed financial terms of the final agreement were not disclosed in the shareholder vote announcement, the company had previously noted that the deal would allow it to refocus on other priorities in its portfolio.
Following the sale, Trigon intends to concentrate its efforts on its Moroccan assets, including the Silver Hill Project, which targets copper and silver mineralisation in the Anti-Atlas region.
The company remains listed in Canada and maintains a strategy of developing copper and silver assets in mining-friendly jurisdictions in Africa. Trigon has positioned itself to supply high-quality copper at a time when global demand is rising due to the electrification and adoption of renewable energy technologies.
Under Kamino Minerals, the Kombat Mine is expected to benefit from new investment aimed at completing refurbishment and resuming production.
For Namibia, this could mean new employment opportunities and increased local procurement as operations ramp up.
With shareholder approval now secured, Trigon will move forward with closing the transaction, paving the way for Kombat’s next chapter as a revitalised source of copper production in Namibia’s renowned Otavi copper belt.
