Trigon Metals has announced plans to change its name to Safi Silver Corp., alongside a series of leadership, governance, and capital-structure updates, as the company positions itself for a new phase focused on silver and base-metal exploration in Morocco.
The proposed name change will be put to shareholders at Trigon’s annual general and special meeting scheduled for 5 March 2026 in Toronto.
If approved by shareholders and the TSX Venture Exchange, the new name is intended to reflect the company’s strategic shift following the divestiture of its interests in the Kombat Mine in Namibia.
Executive chairman Jed Richardson said the name Safi, which can be translated from Arabic as “clear” or “pure,” reflects both the company’s geographic focus and its transition from copper to silver.
“Following the sale of the Kombat Mine, this marked transition brings an inflow of US$24 million from the sale of the mine, plus a potential US$13 million in bonuses and additional royalty income,” Richardson said.
The repositioning follows the completion of the Horizon transaction in December 2025, which resulted in Trigon exiting its operational footprint in Namibia.
As a result, the company confirmed that its former Namibia-based operational management team is no longer affiliated with Trigon, as the business transitions away from mining operations and into an exploration-led model centred on Morocco.
As part of the leadership changes, Richardson has resumed the role of president, drawing on more than 15 years of experience assessing projects in Morocco and a background in silver-focused equity research.
Dr Andreas Rompel has been promoted from vice-president of exploration to chief exploration officer, bringing more than three decades of international exploration experience to lead the company’s technical strategy.
Rennie Morkel has stepped down as president and will continue in his leadership role at the New Horizon Mine with Horizon Corporation.
Trigon also confirmed the departure of vice-president of operations Fanie Müller.
The company thanked both executives for their contributions during a period that included the operation and subsequent divestiture of the Kombat Mine.
Trigon said the leadership changes reflect a natural transition following the sale of its Namibian assets, with the company no longer maintaining an operational workforce in Namibia and instead aligning management capacity with its exploration activities in Morocco.
The company also announced its intention to reprice 2.5 million outstanding share purchase warrants issued in July 2023.
Subject to TSX Venture Exchange approval, the exercise price will be reduced from $1.50 to $0.50 per share, with all other terms unchanged.
In addition, Trigon has adopted a restricted share unit and deferred share unit plan, reserving up to 5.5 million shares for issuance under the scheme.
Trigon Metals is a Canadian-listed exploration company with a primary focus on silver assets in Morocco, including the Addana and Silver Hill projects, while retaining exposure to the Kalahari Copper Belt in Namibia.
