Trinity Metals Seeks $200M IPO to Expand Tin, Tungsten Production
Trinity Metals plans a $100-$200 million IPO to expand its tin, tungsten, and tantalum operations in Rwanda. The company aims to triple its production to approximately 300 metric tons per month for both tin and tungsten within three to five years, targeting a listing on the New York Stock Exchange within 12-18 months.
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Trinity Metals, based in Rwanda, is pursuing an international listing to raise $100-$200 million for the expansion of its mining operations. The company has consolidated three assets and is converting artisanal sites to industrial-scale operations, with output having quadrupled.
It plans to invest around $150 million over the next three years in processing facilities, including a $50 million plant at Nyakabingo, expected to enhance production capabilities. The company aims to increase tin and tungsten output to around 300 metric tons per month each. Strong demand from Western markets is driving this strategy, especially as China restricts its exports, affecting global supply chains.
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