12:49 PM EDT, 09/18/2025 (MT Newswires) -- Trigon Metals ( PNTZF ) on Thursday said the Namibian Competition Commission approved the US$24-million sale of its stake in the Kombat Mine to Horizon Corp.

The approval, effective on Sept.12, clears a major regulatory hurdle and ushers in the final phases toward closing the deal, Trigon said.

Under the terms agreed in a definitive share purchase agreement from May 29, Horizon will acquire Trigon's interest in Kombat, subject to remaining closing conditions including final approval from the TSX Venture Exchange.

"The approval from the Namibian Competition Commission marks a pivotal moment for the Kombat Mine, opening a new chapter of growth and opportunity. I am proud that this Transaction ensures continued community involvement through Epangelo Mining's 10% shareholding, reinforcing our commitment to Namibia's sustainable development," founding shareholder Knowledge Katti said,

Trigon shares were last seen up $0.005 to $0.245 on the Toronto Venture Exchange.

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