Trigg Minerals Limited

Trigg Minerals Limited (ASX:TMG)

Offer Price

A$0.0850

per share

Offer Size

A$12,500,000

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Trigg Minerals Limited (ASX:TMG)

TMG1

Lead Manager

Offer Price

A$0.0850

per share

Offer Size

A$12,500,000

Offer Details

Issue Price (Per Share)

A$0.0850

Discount

7.61%

Offer Size

A$12,500,000

Shares Available

147,058,824

Private Placement Offer to raise A$12,500,000 with the ability to take oversubscriptions at $0.085. The offer comes with a 1 for 2 free attaching unlisted option. The terms of the options are exercisable at $0.10, expiring 3 years from the date of the issuance. The issuance of the options will be subject to shareholder approval at an upcoming general meeting.

Documents & Downloads

Company Overview

Trigg Minerals Limited (ASX: TMG, OTCQB: TMGLF) is developing a portfolio of high-grade antimony projects across Tier-1 jurisdictions: the United States and Australia. The Company’s strategic goal is to become a vertically integrated, conflict-free supplier of antimony to Western markets. Its flagship project, Antimony Canyon in Utah, is the largest and highest-grade antimony systems in the United States. In Australia, Trigg’s Achilles Project is Australia’s highest grade primary antimony deposit.

Antimony Canyon Project (ACP) – Utah, USA

Trigg’s Antimony Canyon Project (ACP) is America’s largest and highest-grade antimony project located in Utah—ranked the #1 mining jurisdiction globally (Fraser Institute, 2023). The project encompasses 49 unpatented lode mining claims over a historically productive stibnite district that played a key role in supplying antimony during previous geopolitical conflicts. ACP hosts a US Bureau of Mines (USBM) foreign resource estimate of 12.7 million tonnes at 0.79% Sb, equating to 100,300 tonnes of contained antimony.

Antimony Canyon features several historically producing high-grade mines, including but not limited to the following:

  • Emma Mine averaging 1.5% Sb with considerable zones averaging 2.2% Sb
  • Nevada Mine averaging 2.2% Sb with considerable zones averaging 3.6% Sb
  • Mammoth mine averaging 1.5% Sb with considerable zones averaging 2.4% Sb

Recent fieldwork has confirmed multiple zones of massive stibnite at historic mines such as Emma, Mammoth, and Nevada. Historical mining data show grades ranging from 1.5% to 3.6% Sb across these zones and antimony mineralisation outside the USBM resource estimate. Recent structural work and sampling have defined a 10 km corridor extending into Dry Wash Canyon—an untested area now viewed as highly prospective for resource growth.

Trigg has commenced planning for near-term pilot-scale surface mining of outcropping mineralisation. In parallel, Trigg is progressing a vertical integration strategy to establish a U.S.- based antimony smelter. To lead this effort, the Company has appointed Wiehann Kleynhans (ex-SPMP), David Fourie (former COO of SPMP), and Ben Harris (former Chief of Staff, US Army Joint Program for Armaments & Ammunition). Together, they bring deep expertise in smelter development, U.S. defence procurement, and critical mineral supply chains. Trigg is also actively engaging with U.S. federal programs including DOD Funding, DPA Title III, EXIM Bank, and FAST41 to support downstream development.

Achilles Antimony Project –New South Wales, Australia

Trigg’s Achilles Project in northern New South Wales hosts Australia’s highest-grade undeveloped primary antimony resource at the Wild Cattle Creek deposit. The deposit contains 1.52 million tonnes at 1.97% antimony equating to 29,902 tonnes of contained antimony. Mineralisation starts at surface and remains open along a 6 km-long fault corridor, with historical drilling confirming strong continuity and high grades over broad widths.

Indicative Use of Funds

Number

Use of Funds

1.

Exploration at Antimony Canyon Project, Utah

2.

Restating the USBM resource to a JORC/SK-1300

3.

Antimony Canyon Infrastructure and pilot mining operations

4.

Exploration at Wild Cattle Creek, NSW

5.

US mainboard listing

6.

General Working Capital Purposes

Indicative Timetable

TMG placed in Trading Halt

Friday June 27 2025

Placement Offer Opens

Monday June 30 2025

Placement Offer Closes

Monday June 30 2025

Offer letters accepted

Monday June 30 2025

TMG Recommences Trading

Tuesday 1 July 2025

DVP Settlement date

Tuesday 8 July 2025

Allotment of Shares

Wednesday 9 July 2025

Disclaimer

This site does not constitute an offer, recommendation, or invitation to any person, nor does it purport to provide all of the information an interested party may require in order to investigate the affairs of Trigg Minerals Limited. This site is provided for information only and has not been prepared with the intention that the recipient should rely on it. Liquidity Technology Pty Ltd ("Liquidity") does not make any representation in relation to the contents of this site or give any assurances as to the accuracy or the degree of care or diligence used in preparing this document. The information, data, and advice herein is provided to recipients on the clear understanding that Liquidity nor any of its representatives, directors, officers, employees, agents, or advisers makes any representation or warranty about its accuracy, reliability, completeness, or suitability for any particular purpose and does not accept liability (including, but not limited to, for any expenses, losses, damages, and/or costs (including, but not limited to, indirect or consequential damage)) nor take any responsibility of any kind whatsoever (including, but not limited to, whether in contract, tort, financial or otherwise) for the information, data, or advice contained in or for any omission or for any other information, statement, or representation provided to any recipient (including, but not limited to, as a result of information, data, or advice being inaccurate, unreliable, incomplete, or unsuitable in any way and for any reason whatsoever). Users of this site must conduct their own investigation and analysis regarding any information, statement, or representation contained or provided to any recipient or its associates by Liquidity or any of the Liquidity Personnel. Each recipient waives any right of action, which it has now or in the future against Liquidity or any of the Liquidity Personnel in respect of any errors or omissions on or from this site, however caused. All rights are reserved. If the whole or any part of a provision of this "Notice and Disclaimer" is invalid, illegal, or unenforceable, then such provision will be severed and neither that part or provision or its severance will affect the validity or enforceability of the remaining parts or provisions.

Disclosure of Interest: Liquidity receives commission from dealing in securities and its introducers of business may directly share in this commission. Liquidity and its associates may hold shares in Trigg Minerals Limited.

Trigg Minerals Limited

Placement

Trigg Minerals Limited (ASX:TMG)

TMG1

Offer Price

A$0.0850

per share

Offer Size

A$12,500,000

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