Shandong Xinhai Mining Technology and Equipment

Shandong Xinhai Mining Technology & Equipment has completed an independent technical study on Trigon Metals' Kombat project in Namibia, advancing a non-binding MOU to invest up to 10% of capital requirements and assist in securing debt financing for restarting production.

Trigon Metals signed a non-binding MoU for Shandong Xinhai Mining Technology and Equipment to invest up to 10% of the capital requirements of the Kombat project in Namibia, in exchange for equity. Xinhai will also assist in securing up to 80% additional debt financing.