Latest news with #Trigon
Business Wire
07-07-2025
- Business
- Business Wire
Trigon Metals Announces Results of Annual and Special Meeting
TORONTO--(BUSINESS WIRE)--Trigon Metals Inc. (TSX-V: TM, OTC: PNTZF) ('Trigon' or the 'Company') is pleased to report that all matters presented to Trigon shareholders in the management information circular dated June 2, 2025 have been approved by Trigon shareholders at the meeting held on July 4, 2025 (the 'Meeting'). The sale of Trigon's interest in the Kombat mine to Kamino Minerals Limited, an affiliate of Horizon (please see press release dated May 29, 2025 for further information) was approved by more than 99% of the votes cast at the Meeting. Shareholders at the Meeting also approved the election of each of the Trigon board of director nominees, the appointment of the Company's auditors and the Company's stock option plan. Trigon management would like to thank shareholders for their participation and continuing support. Trigon Metals Inc. Trigon is a publicly-traded Canadian exploration and development company with its core business focused on copper and silver holdings in mine-friendly African jurisdictions. Currently, the Company has operations in Namibia and Morocco. In Namibia, the Company holds an 80% interest in five mining licences in the Otavi Mountainlands, an area of Namibia widely recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the previously producing Kombat Mine. Cautionary Notes This news release may contain forward-looking statements. These statements include statements regarding the Meeting, the economic viability of the Kombat mine and the Company, the Company's ability to obtain adequate financing, the Company's strategies and the Company's abilities to execute such strategies, the Company's expectations for the Kombat Mine, and the Company's future plans and objectives. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Bloomberg
16-06-2025
- Business
- Bloomberg
Wedbush Said to Acquire Stake in Polish Investment Bank Trigon
Wedbush Financial Services is taking a significant minority stake in Polish investment bank Trigon, according to people familiar with the matter. Terms of the transaction couldn't be learned. An agreement could be announced as soon as Monday, said the people who asked not to be identified because the information is private.
Hamilton Spectator
12-06-2025
- Business
- Hamilton Spectator
Trigon finalizes $750M investment in North Coast LPG facility
Trigon Pacific Terminals' board passed its final investment decision today (June 11) on a $750 million liquefied petroleum gas (LPG) export facility in Prince Rupert despite a current exclusivity deal between the Prince Rupert Port Authority and an Altagas/Royal Vopak partnership. The facility will be able to export up to 2.5 million tonnes of primarily Alberta-produced propane and butane annually, positioning it as a major LPG export hub in Canada. Pending all required legal and regulatory approvals, the company could begin exports by late 2029. 'We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest,' said Trigon CEO Rob Booker. Booker pointed out that the project aligns with Canada's economic goals of trade diversification and expanding exports of critical minerals and clean energy to global markets beyond the U.S., particularly in Asia. While Alberta supplies the product, Trigon offers reliable coastal access needed to move it to international markets quickly, he said. 'We want to keep this project moving along because we have some momentum now,' said Craig Olley, Trigon's president. He noted that Asian buyers currently lack open access to LPG, which Trigon aims to offer by entering the market. 'We have a sort of responsibility to provide open market, fair access to the consumers in Japan, and currently, today, they don't have that.' The president added that AltaGas and Royal Vopak cuurently hold exclusive rights to export this type of energy out of Prince Rupert, effectively giving them a monopoly on the West Coast. 'It's always good to have some healthy competition,' said Olley. He recently returned from Japan as part of the business delegation accompanying Premier David Eby on his trade tour. He highlighted the strong LPG demand in Japan and South Korea, noting that Malaysia has also begun to show interest. 'At least a dozen different entities were supportive and pleased to see Trigon stepping up to facilitate LPG movement into Asia. They understand that Prime Minister Carney is supportive of these cleaner, lower-emission type fuels for energy use in Asia,' said Olley. In February, amid the Canada-U.S. tariff dispute, Booker wrote to the Prime Minister urging the federal government to direct the Prince Rupert Port Authority (PRPA) to revoke the exclusive LPG export access granted to AltaGas and Royal Vopak. The port authority, which had already partnered with the two companies on a $1.35 billion export facility in the city maintained its position against allowing Trigon to expand LPG operations on Ridley Island. Olley noted that Trigon already has key infrastructure in place, including LPG loading arms, existing rail connections, and marine berth access, which removes the need for new construction. He said AltaGas and Royal Vopak currently use Trigon's loading arms for their LPG exports. He confirmed that the existing setup can also handle Trigon's own exports in the future. Trigon's June 11 news release highlighted support from Chief Councillor Garry Reece of the Lax Kw'alaams Band, Chief Robert Nelson of the Metlakatla First Nation, and the Government of Alberta on this project. 'We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting Indigenous economic reconciliation,' stated Brian Jean, Alberta Minister of Energy and Minerals. As of 2024, Trigon Pacific Terminals is the largest terminal by volume at the Port of Prince Rupert, having handled 9.1 million metric tonnes of dry and liquid bulk products. The multi-commodity bulk terminal ships various materials, including steelmaking and thermal coal, petroleum coke, iron ore pellets, and liquid propane gas (LPG). According to the Canadian government, Canada produced 46.7 million tonnes of coal in 2022. Of that, 59 per cent was metallurgical coal used in steelmaking, while 41 per cent was thermal coal used for electricity generation. The government noted that coal-fired power remains the largest global source of greenhouse gas emissions, contributing to climate change and posing health risks. When asked whether Trigon would scale back its thermal coal exports once its zero-emission ammonia/hydrogen and lower-emission LPG facilities become operational, the company said it would remain committed to continuing current coal exports. 'We understand the importance of these resources to various industries and economies; the world will always need steel, and many countries still rely on thermal coal for energy. We are dedicated to maintaining our operations to support their needs,' said Olley. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Cision Canada
11-06-2025
- Business
- Cision Canada
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives.
Yahoo
11-06-2025
- Business
- Yahoo
Trigon Pacific Terminals Greenlights $750 Million LPG Export Facility in Prince Rupert, Bolstering Canada's Energy Export Capacity
PRINCE RUPERT, BC, June 11, 2025 /CNW/ - Trigon Pacific Terminals (Trigon), a leading bulk commodity export terminal, today announced its Final Investment Decision (FID) for a new open-access 2.5 million MTPA LPG export facility in Prince Rupert, British Columbia. Subject to securing all necessary legal and regulatory approvals, the $750M facility is projected to start exports in late 2029, significantly enhancing Canada's objective to be a competitive energy superpower as well its as capacity to serve global energy markets. "This FID is a pivotal moment for Trigon and for Canada's energy sector, creating new pathways for Canadian LPG to reach international markets, and driving economic growth, resiliency and opportunity for Canadians," said Rob Booker, CEO of Trigon. "We've come to the table with investment dollars and now we need the federal government to expedite this shovel-ready project that is clearly in the national interest." This decision comes with support to advance to this project development stage from the Lax Kw'alaams and Metlakatla First Nations, underscoring Trigon's commitment to collaborative development and shared prosperity. "This is about bringing long-term benefits to our people, our land, and future generations, and is the next chapter of development in Prince Rupert. It reflects what's possible when communities and Nations are true partners who are meaningfully involved from the beginning," said Garry Reece, Chief Councillor, Lax Kw'alaams Band. "The shared prosperity model that Trigon has adopted ensures our communities have a strong voice, a stake and a future in major projects within our territory. We know Trigon will continue to engage with our community and others to ensure this project aligns with the interests and priorities of the Indigenous People within our region," said Chief Robert Nelson, Metlakatla First Nation. The facility also has the backing of the Alberta government, recognizing its strategic importance for Canadian energy producers. "This is great news for Canada and Alberta. We have some of the largest reserves of natural gas and natural gas liquids in the world and are working hard to meet the growing demand of our partners in Japan, Korea and Asia. This new Indigenous-backed facility will play a major role in the long-term success of these partnerships and in promoting indigenous economic reconciliation," stated Brian Jean, Alberta Minister of Energy and Minerals. The project also meets the federal government's recently identified criteria for projects of national interest, which include: strengthen Canada's autonomy, resilience and security; provide economic or other benefits to Canada; have a high likelihood of successful execution; advance the interests of Indigenous Peoples; and contribute to clean growth and to Canada's objectives with respect to climate change. The new infrastructure addresses a pressing need for Canadian energy producers who have faced significant challenges accessing export markets due to capacity constraints at existing Prince Rupert facilities, and broader impediments arising from the current western Canadian export monopoly. Trigon's open-access model will provide much-needed competition and flexibility, as an expansion of Canada's export capabilities rather than a reallocation of existing capacity. Strong international demand for Canadian LPG has been confirmed through robust off-take discussions with key partners in Japan, South Korea, and India, demonstrating the global appetite for reliable energy supplies from Canada. "Canada and Japan are important partners in the Pacific region, cooperating in a wide range of economic fields, including energy. Japan has been increasing LPG import from Canada, achieving stable import volume of two million tonnes in 2024. We welcome the expansion of competitive LPG exports from Canada, contributing to the stable energy supply for Japan," added Yamamoto, Executive Officer, General Manager, Trading and Shipping Department, Astomos Energy Corporation: "With FID in place, Trigon will continue its ongoing engagement and dialogue with Indigenous communities and the broader public as part of Trigon's commitment to meeting its consultation obligations and working to advance meaningful economic participation, engagement and reconciliation," added Booker. Trigon's Board of Directors has given its full approval to proceed, with critical infrastructure already in advanced stages of readiness. Rail access to the site is prepared, and berth loading facilities are ready for integration. Long-lead items necessary for the terminal's construction have been identified for procurement, ensuring a streamlined development timeline. Trigon Pacific Terminals Limited is a multi-commodity bulk export terminal at the Port of Prince Rupert. With a skilled workforce and proven operational excellence, it is a key link between Western Canadian commodity producers and their Asia-Pacific customers. Privately owned – with equity positions held by the Lax Kw'alaams and Metlakatla – Trigon is committed to transformational growth strategies aligned with global energy and climate-related imperatives. SOURCE Trigon Pacific Terminals Limited View original content to download multimedia:
