Trigon Announces Signing of Definitive Agreement for Sale of Interest in Kombat Mine to Horizon Corporation

Trigon Metals Inc. has executed a significant divestiture transaction through a definitive share purchase agreement with Horizon Corporation Limited for the sale of its interest in the Kombat Mine. The agreement, dated May 27, 2025, involves Horizon Corporation and Kamino Minerals Limited as the acquiring parties, representing a strategic repositioning of Trigon's asset portfolio.

The transaction marks a notable development in the mining sector's consolidation activities, as companies continue to optimize their project portfolios and focus resources on core assets. The Kombat Mine divestiture allows Trigon to potentially redirect capital and operational focus toward other opportunities within its portfolio.

For the broader mining industry, this transaction reflects ongoing asset rationalization trends as companies seek to strengthen their balance sheets and concentrate on their most promising projects. The involvement of Horizon Corporation as the acquirer suggests continued investor interest in established mining assets, particularly those with operational history and defined resource bases.