Mining Post Namibia

Trigon Metals' idea to restart the Kombat Mine in Namibia after the mine flooded and closed in 2008 would have come without problems.  But Trigon persevered and is still working through the problems by signing up streaming agreements and non-brokered private placements to raise funds to keep the mine going. 5 January 2022 Trigon announced the first copper concentrates produced at the Kombat Mine in Namibia.  6 January 2022 Trigon Metals Inc. said it intended to complete a non-brokered private placement of up to 4,444,444 units for US$0.45 per unit for gross proceeds of up to US$2m. Each warrant would entitle the holder to acquire one share for US$0.50 for 24 months following the date, subject to an acceleration provision whereby if, at any time after the expiry of the statutory hold period, the Shares trade at US$0.75 or higher on the TSX Venture Exchange for 30 consecutive days, the company shall have the right to accelerate the expiry date of the Warrants to the date that is...

Osino Resources has moved mountains with their work on developing the Twin Hills Gold Project  The Canadian gold exploration and development company was bold enough to acquire the Ondundu mine from B2Gold.  The government of Namibia granted Osino a 20-year licence for the Twin Hills project for which the company raised US$15m. There have been great partnerships too, with  Prospect Resources Limited   Terrafranca Capital Partners  Nebari Gold Fund 1, LP and Nebari Natural Resources Credit Fund I, LP, with Nebari Gold Fund 1 and  Newmont Corporation. 6 January 2022 Osino Resources announced that it had signed an agreement with B2Gold to buy the Ondundu gold exploration property for US$415,2m in cash, deferred cash and shares in the Razorback Gold Mining Company. Razorback Gold Mining owned 100% of exclusive prospecting license 3195, which covers 19,969 hectares northwest of Osino’s Twin Hills Gold Project. 8 February 2022 Osino Resources announced that it had...