TMG - Trigg Minerals

...everything SoP must go

Trigg has entered into a Binding Heads of Agreement for the sale of all the shares in K20 Minerals Pty Ltd, the wholly owned subsidiary of Trigg that holds the Lake Throssell tenement.

The purchaser, 1269280 WA Pty Ltd, an unrelated party, has agreed to acquire 100% of the shares in K20 Minerals Pty Ltd for a total consideration of $61,600, which will be used for working capital. Completion of the sale is expected to occur 14 days from the date of this announcement.

The sale of K20 Minerals highlights the Company’s focus on the Achilles Project, which contains the Wild Cattle Creek deposit. The globally unique Wild Cattle Creek deposit contains a Mineral Resource Estimate of 1.52Mt at 1.97% Sb, containing 29,902 tonnes of antimony. This project is Trigg’s flagship asset and the primary focus of the Comany.


...and don't mention Potash again!

$0.039


HIGHLIGHTS
• Trigg has executed a purchase agreement to acquire 49 unpatented lode mining claims covering the strategic Antimony Canyon Project in Utah, USA — the world’s top-ranked mining investment jurisdiction according to the latest Fraser Institute Survey.
• ACP is currently the largest and highest-grade antimony project in the USA.
• The U.S. Bureau of Mines reported a foreign resource estimate* of 12.7 million metric tons grading 0.79% antimony for 100,300 tons of contained antimony.
• The mining claims provide Trigg with immediate exploration access in which Trigg will swifty move to validate the foreign estimates and support promotion of a JORC 2012-compliant Mineral Resource Estimate.
• Antimony Canyon features several historically producing high-grade mines, including but not limited to the following:
o Emma Mine averaging 1.5% Sb with considerable zones averaging 2.2% Sb
o Mammoth mine averaging 1.5% Sb with considerable zones averaging 2.4% Sb
o Nevada Mine averaging 2.2% Sb with considerable zones averaging 3.6% Sb
• The foreign resource estimate is based on a limited number of mines within the camp; comprehensive assessment of all mineralised trends and legacy workings presents a strong opportunity to define a materially larger resource under modern exploration.
• The acquisition strengthens Trigg’s antimony strategy, complementing Wild Cattle Creek and expanding the Company’s footprint across tier-one jurisdictions, while advancing both projects simultaneously supported by with a healthy cash balance.

Dona Ferentes said:

$0.039

STRATEGIC LARGE SCALE USA ANTIMONY ACQUISITION​

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that was 20 May ^^

21 May
HIGHLIGHTS
• Trigg is pleased to announce the appointment of highly experienced antimony downstream expert Wiehann Kleynhans to spearhead downstream and smelting processes at the Antimony Canyon Project, Utah.
• Wiehann played an instrumental role and led the construction of the world’s largest Antimony smelter outside China and Russia, in Oman under his previous executive employment at Strategic & Precious Metals Processing. Wiehann also played an essential role in SPMP securing numerous global Antimony offtakes agreements under his leadership.
• This appointment is a pivotal step in transforming Trigg to a vertically integrated supplier of conflict free antimony sourced from a Tier 1 Jurisdiction to the western economy.

interest still there; webinar getting the message out today

going places I did not expect ... as high as $0.089


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HIGHLIGHTS
• Trigg has commenced its maiden exploration activities at the Antimony Canyon Project, Utah.
• The Antimony Canyon project played a significant role in securing domestic antimony during heightened periods of conflict.
• Maiden exploration efforts will target several high-priority areas, both within and beyond existing resource models, to assess the potential of historically producing antimony mines that have no modern exploration and limited investigation along strike and at depth - leaving Trigg an immense opportunity to define a materially larger resource with contemporary exploration methods.
• Alongside exploration activities, Trigg’s team will assess potential sites within the ACP license area for the development of a smelter, supporting the company’s goal of becoming a vertically integrated and dependable supplier of conflict-free antimony to the USA and greater western economy.
• Trigg has commenced the engagement process with relevant US government agencies to evaluate eligibility for federal incentive programs that prioritise the exploration and development of domestic critical minerals. These initiatives are supported by recent strategic appointments with experience across the full value chain, from exploration through to downstream processing.
• Trigg is currently funded to advance both Antimony Canyon and Achilles, with its healthy balance sheet. Trigg is also exploring the potential divestment of non-core exploration ground, which, if completed, could further strengthen its financial position.

Dona Ferentes said:

going places I did not expect ... as high as $0.089

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and $0.10 this morning

Dona Ferentes said:

and $0.10 this morning

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The more I read about this company, the more it looks like they are acquiring talent and staking out locations to create a US based vertical business. Nobody else even comes close.
They have Andre Booyzen and Wiehann Kleynhans both industry veterans who have recently joined.

LKR are a bunch of bandwagon jumpers without any real talent.
DTR are a bit better, but their tactics seem a bit short term and I don't trust their methods.

Trigg are getting the people on board who know how it's done. Instos have been buying while retail have been selling the last few weeks. I have gone heavy into the options.

I would expect them to list and possibly move to the US at some point. Andre the new MD has hinted as much by saying that capital raising is easier over there, which I think is a shame though probably true.

Intriguingly with all the change, a couple of non execs have become involved in taking over a smaller company Byrah Resources. What's going on here? Are they being pushed out in order to make room for different people? It is unusual.

From a post on HC regarding trading last 2 weeks which is instructive. Market operators have been accumulating.


Top buyers:
- Merrill Lynch: $635K
- UBS Securities: $380K
- Macquarie Securities: $268K

Top sellers:
- Morrison: -$963K
- Commonwealth Securities: -$608K
- FNZ Custodians: -$297K

Soaked lots of volume over the last couple of days to close at 10c. TMGOD options (@3c) are well in the money.

Trump signed his order yesterday to waive sections of the Defense Production Act, so it will be easier for Trigg to get government funding for development as long as they can claim the project is bigger than $50M, which of course it is.

Management meeting with the investment community in NY over the next few days. I expect the pivot from Aus to US project focus to continue. Tomorrow, I think will be interesting.

TH pending an announcement regarding a material capital raising;

Word on the street says $20M @ 8.5c which if true is no discount to the recent 15 day VWAP.
Capital raisings are often based off such metrics.

I have picked Trigg as an entry for the July tipping comp. It has had a good run so far this year.
Hyperlinks in blue.

The name of the game here is antimony, a semi-metal which has uses in the military, auto and solar panel industries.
It is a critical mineral, because most production is in China, and that country has stopped exporting it. They are unlikely to start exporting it to the US precisely because of its military uses, and of its increasing scarcity within China itself.



This latest research note was published in late May this year by East Coast Research, which does a better job than I can of explaining the fundamentals. Several events which seem to have caused a surge in interest since May are
1) The hiring of Andre Booyzen, ex VP of Mandalay Resources who has much experience both with operating an antimony mine and with the antimony market.

2) Following this hire, the company acquired a number of mining claims in Utah near to the town of Antimony which have been estimated by the US Bureau of Mines to contain 12.7M tonnes of 0.79% antimony, about 100,000 tonnes of contained antimony. This is non-JORC due to the US mining code not being as thorough as Australia or Canada. The company have stated they aim to bring this up to JORC standard evaluation. It is stated by the company to be the largest and highest grade deposit of antimony in the US.
The company have since done some preliminary exploration in the area and state that there is potential for a much larger resource to exist towards the North along a 10km fault (see yellow circled area)

3) Three further high level hires followed :
i) Wiehann Kleynhans, an expert in antimony downstream (smelting) who led the construction of SPMP's smelter in Oman, the largest outside China. I imagine he wasn't working directly with the ore, otherwise they would have called him Wiehann Dirtyhans.
ii) David Fourie the ex COO of SPMP, an antimony metallurgist who was also net zero technical adviser on the project in Oman
iii) Ben Harris, ex chief of staff to the US Army's joint program executive office for armaments and ammunition
Thus the company has in a short time acquired a major project but assembled a team of experts to give Trigg a reasonable chance at bringing the resource to production and finding a market for it. Indeed Ben's main role in the company is stated as to
"assist Trigg in engaging with US Department of Defencestakeholders, navigating defence procurement frameworks, and supporting efforts to positionAntimony Canyon as a critical domestic source of antimony for US defence applications."

The US government has stated their strategic priority of bringing production of such minerals online locally.

Late last week the company surprised the market with a capital raising. It was noted (hearsay) that the terms are 8.5c/share for $20M raise but this hasn't been confirmed, which would put the raise as zero discount to the 15 day VWAP.

Why the capital raise? The company have stated they wish to drill the existing resource. Interestingly, they have also said they are considering short term pilot scale mining for supplying to customers , see 8 minutes into this video which I assume would be USA antimony who have a refinery in Montana.
)

There is currently very little mined in the US and due to the Chinese embargo, there is little being imported.

To me it seems that Trigg has got everything lined up very quickly, and I am betting on the great team they've assembled, which for me is a green flag.

Dora Kent said:

I have picked Trigg as an entry for the July tipping comp. It has had a good run so far this year.
Hyperlinks in blue.

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last traded $0.098

and early 01 July ...
TH pending an announcement regarding a material capital raise;

Dona Ferentes said:

last traded $0.098

TH pending an announcement regarding a material capital raise;

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back trading ...$0.095

HIGHLIGHTS
• Trigg has received firm commitments for a A$12.5M Placement, at $0.085 per share, cornerstoned by existing and new institutional investors, including new strategic US funds.
• The Placement was well supported (and therefore required scaling) with strong institutional demand, reflecting high investor confidence in Trigg’s strategic direction.
• Trigg opted to not take oversubscriptions in light of potential non-dilutive funding sources through federal funding schemes and non-core divestment opportunities which will further enhance the cash balance sheet.
• Strong news-flow expected throughout 2025 with plans to restate ACP’s USBM resource to SK-1300 / JORC 2012 compliance, with the advancement of exploration which will provide significant exploration upside and expansion potential.
• Funds to underpin near term pilot mining operations to immediately address supply side disruption and US mainboard exchange listing.

Back to the CR price of 8.5c. I bought some more today IRL as I can't see this falling behind the CR for long.

3 TMG announcements lodged with the ASX.
Will be available to the public just prior to todays open.

DrBourse said:

3 TMG announcements lodged with the ASX.
Will be available to the public just prior to todays open.
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At 10.32am Commsuc finally show the 9.40am announcements, AND they have the nerve to show the announcement times as 9.40am,
They should show 10.32am as their announcement time - talk abt Slack.
I just hope the average Aust public continue to use Commsuc as their primary source of ASX Information, people like me can buy on open, as it was good news, then sell to the latecommers for a quick trade.
Gotta feel sorry for Commsuc clients.

TMG has cracked $0.105 for the third time; can it hold?

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Corporate
• Trigg raised A$12.5 million (before costs) through a placement.
• Andre Booyzen appointed Managing Director
• David J. Fourie and Ben Harris appointed as Net Zero Expert Antimony Technical Advisor and US Defence and Armaments Advisor.
• Trigg appoints the Bernhardt Group, based in Washington D.C., to help it engage with key US stakeholders.

30 July - SPAC VETERAN JAMES GRAF TO JOIN TRIGG TO SPEARHEAD US LISTING
• Mr Graf has more than 35 years’ experience in international capital markets, M&A and corporate management and was previously the managing director of Merrill Lynch in Singapore.
• Mr Graf has also been instrumental in the success of multiple multibillion dollar special purpose acquisition company (SPAC) transactions and over US$2b in IPOs proceeds.
• Trigg is working towards a mainboard listing in the US to fast-track its antimony production plans via its Antimony Canyon Project in Utah, USA.

28 July - Trigg strengthens Board with appointment of Antimony Expert Chris Gregory
Former Rio Tinto & Mandalay executive instrumental to Costerfield’s success to join as a TMG Director, boosting fast tracked US
development and downstream smelting

Dona Ferentes said:

TMG has cracked $0.105 for the third time; can it hold?

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$0.11

The trading halt is requested pending a response to the Company’s price and volume query dated 4 August 2025 and the announcement of a material acquisition;

Andre Booyzen and team seem to be walking the walk so far in the short time they have had this project.

The interview he did yesterday was weird. He was all over the place with his words. Was he out of control because he was excited or just putting it on? Whether yesterday's market action was a leak, or manufactured, will be interesting to see.

Lots happening. No point in guessing, plenty seem happy to however. Good luck.