What Trinity Metals does

Trinity Metals is a Rwandan mining company that produces tin, tungsten, and tantalum (the "3Ts"), which are classified as critical minerals for electronics, renewable energy, medical devices, and defense applications. The company operates three producing mines: Rutongo Mines (tin, six underground mines across 9,600 ha with approximately 54,000 tonnes of recoverable tin reserves), Nyakabingo Mine (tungsten, 1,600 ha concession with approximately 115,502 tons of recoverable tungsten reserves and described as Africa's largest tungsten producer), and Musha Mines (tin and tantalum by-product on 6,094 ha). A fourth asset, the Ntunga Lithium Project, is in exploration with deep diamond drilling indicating 35–70 million tonnes of potential at greater than 1% Li2O.

The company's technology and operating model centers on underground and open-cast mining combined with vertically integrated mineral processing and full traceability from own licensed concessions, with no blending or external sourcing. Output is sold under long-term commodity-priced offtake agreements; the primary counterparties are Global Tungsten & Powders (GTP) in Pennsylvania, which receives tungsten concentrate representing up to 20% of US primary tungsten consumption, and Traxys under a 2025 commercial agreement. Pricing follows global commodity market rates rather than disclosed tiers.

Trinity Metals was formed in May 2022 through the consolidation of three Rwandan mining entities (formerly Piran Rwanda Ltd, Eurotrade International Ltd, and Rutongo Mines Limited) under Techmet, a UK-based private industrial company that remains the majority shareholder, alongside Piran Resources and the Rwanda Government via Ngali Holdings Limited. The U.S. International Development Finance Corporation (DFC) provided a $3.865 million technical assistance grant in 2024 and is considering a $30–50 million direct equity investment as of December 2025. The company plans a $100 million expansion at Nyakabingo and is pursuing an international listing to raise $100–200 million. It employs 6,000+ people (99% local workforce) across its three mine sites, making it Rwanda's largest private-sector employer.

Name

Trinity Metals

Legal name

Trinity Metals Limited

Website

https://trinity-metals.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Trinity Metals is a Rwandan mining company that produces tin, tungsten, and tantalum from three operating mines and is exploring lithium, supplying conflict-free critical minerals to global electronics, defense, and renewable-energy customers via long-term offtake agreements with GTP and Traxys.

Ownership category

akta.pro rank

Product category

Critical Minerals Mining (Tin, Tungsten, Tantalum)

NAICS

Copper, Nickel, Lead, and Zinc Mining (21223)

SIC

Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Tin tungsten tantalum
• Critical minerals mining
• Conflict-free minerals
• Lithium exploration
• Mineral concentrate supply

Headquarters

HQ city

Kigali

HQ country

Rwanda

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Tin Production and Sales: Trinity Metals extracts and sells tin (cassiterite) from Rutongo Mines and Musha Mines. Rutongo produces 40-70 tons per month with plans to increase to 200 tonnes per month. Musha produces 30-40 tons per month. Revenue generated through direct sales to global tin buyers under offtake agreements.
2. Tungsten Production and Sales: Nyakabingo Mine produces 100-110 tons of wolframite per month containing 66-70% tungsten. The mine is Africa's largest tungsten producer. Exports to Global Tungsten & Powders (GTP) in Pennsylvania account for up to 20% of US primary tungsten consumption. Future plans to triple production over coming years.
3. Tantalum Production and Sales: Tantalum is produced as a by-product at Musha Mines and Ntunga Lithium Project. Used primarily in electronics (capacitors and semiconductors) and medical industry.
4. Lithium Exploration (Future Revenue): Ntunga Lithium Project with estimated potential of 35-70 million tonnes at >1% Li2O. Currently in exploration phase with plans for resource estimation and expanded drilling. Expected to become future revenue stream.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

Trinity Metals extracts and sells tin, tungsten, and tantalum concentrates from three operating mines in Rwanda — Rutongo (tin), Nyakabingo (tungsten, Africa's largest), and Musha (tin and tantalum) — under 100% conflict-free, OECD-compliant traceability. The company also advances the Ntunga Lithium Project (exploration stage with 35-70 million tonnes potential at >1% Li2O), targeting industrial customers in electronics, renewable energy, defense, and medical device sectors via long-term offtake agreements.

Product overview

Trinity Metals is a responsible producer of essential technology metals operating three mining operations in Rwanda: Rutongo Mines (tin), Nyakabingo Mine (tungsten), and Musha Mines (tin and tantalum). The company also explores lithium at the Ntunga project. Trinity Metals produces the '3Ts'—Tantalum, Tungsten, and Tin—which are critical minerals essential for electronics, renewable energy technologies, and industrial applications. The operations are certified conflict-free and fully compliant with OECD conflict minerals audit requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Tin Tin (cassiterite) concentrate produced by Trinity Metals, primarily used in solder for electronics and emerging applications in Li-ion batteries. Produced at Rutongo Mines (40-70 tons per month, with plans to scale to 200 tonnes per month) and Musha Mines (30-40 tons per month). Sold to global tin buyers under offtake agreements.
• Tungsten Tungsten (wolframite) concentrate containing 66-70% tungsten, primarily used for cemented carbide (industrial cutting materials), high-speed steels, super alloys, and mill products. Produced at Nyakabingo Mine (100-110 tons per month), Africa's largest tungsten mine, with approximately 115,502 tons of recoverable reserves. Exports to Global Tungsten & Powders (GTP) in Pennsylvania account for up to 20% of US primary tungsten concentrate consumption, with over 320 tonnes shipped to date.
• Tantalum Tantalum concentrate primarily used in the electronics industry (50-70% for capacitors and semiconductors) with additional applications in the medical industry (implants, surgical equipment). Produced as a by-product at Musha Mines and Ntunga Lithium Project.
• Trinity Nyakabingo Mine Africa's largest tungsten mine located on a 1,600 ha concession in Rulindo district, 19km northwest of Kigali. Uses underground mining through adits with drives along quartz veins and plans to develop a decline below level 22 to access deeper reserves. Contains approximately 115,502 tons of recoverable tungsten. Operated through wholly owned subsidiary Trinity Nyakabingo Mine Limited.
• Rutongo Mines Tin mining operation comprising six underground mines (Gisanze, Masoro, Nyamyumba, Gasambya, Karambo, and Mahaza) on a 9,600 ha concession located 26km north of Kigali. Estimated to contain approximately 54,000 tonnes of recoverable tin. Operated through wholly owned subsidiary Rutongo Mines Limited.
• Trinity Musha Mines Tin and tantalum mine with lithium prospects, operating on a 6,094 ha concession in Rwamagana District, 45km from Kigali. Rwanda's second largest tin producer with significant tantalum by-product potential. Operated through wholly owned subsidiary Trinity Musha Mines Limited.
• Ntunga Lithium Project Pegmatite lithium exploration project with estimated potential of 35 to 70 million tonnes at >1% Li2O. Advanced exploration drilling reached 300-780 meters depth across 39 diamond drill holes totaling nearly 12,000 meters, with over 2,700 samples assayed and grades up to 4% Li2O.

Quantifiable outcome

• Up to 20% of US primary tungsten concentrate consumption supplied from Nyakabingo mine
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• TraxyscoreChannel Partner/ Reseller/ Distributor · 1 January 2025Commercial offtake partner for Trinity Metals products under agreement signed in 2025. Manages global trading and distribution of mined minerals to end customers.
• RCS Global (Better Mining Program)coreStrategic or Co-development PartnerTrinity Metals works with RCS Global through its Better Mining Program, an industry-leading initiative recognized by the Responsible Minerals Initiative (RMI). Publishes annual due diligence reports based on OECD Framework for responsible mineral sourcing.
• Global Tungsten & Powders (GTP)coreChannel Partner/ Reseller/ DistributorMajor offtake customer receiving tungsten concentrate exports from Nyakabingo mine. GTP facilities in Pennsylvania receive over 320 tonnes of tungsten shipments, representing up to 20% of US primary tungsten consumption.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Almonty Industries: Almonty Industries is a tungsten-focused mining company operating the Panasqueira mine in Portugal and developing the Sangdong tungsten mine in South Korea. It is the most direct listed tungsten peer to Trinity, competing for the same Western, China-independent tungsten offtake customers (e.g., GTP and defense supply chains).
• Wolfram Bergbau und Hütten AG: Wolfram Bergbau is a European integrated tungsten mining and processing company headquartered in Austria. Like Trinity, it produces tungsten concentrates and downstream intermediates for industrial customers, and serves as a Western, conflict-free alternative to Chinese supply.
• Bisie Tin Mine / Alphamin Resources: Alphamin Resources operates the Bisie tin mine in the DRC, one of the world's highest-grade and largest tin operations, and is the most direct listed tin peer to Trinity's Rutongo and Musha tin production. Both serve global tin solder markets.

Broad incumbents

• Masan High-Tech Materials: Masan High-Tech Materials (Vietnam) is one of the largest tungsten and tantalum producers globally, operating the Nui Phao mine. It is a broad incumbent in the same 3Ts space with vertically integrated downstream processing into mid-stream tungsten products, overlapping with Trinity's customer base.
• China Tungsten and Hightech Materials: China Tungsten and Hightech Materials is one of China's largest tungsten producers and the dominant incumbent in the global tungsten market. It defines the pricing and supply backdrop Trinity competes against in tungsten, and underscores the de-risking opportunity Trinity is positioned to capture.

Others

• Global Tungsten & Powders (GTP): GTP is Trinity's largest tungsten offtake customer and a major mid/downstream tungsten processor based in Pennsylvania. As a major Western APT/oxide converter, GTP competes for the same end-market customers and defines the offtake economics Trinity's tungsten concentrate receives.
• Traxys: Traxys is a global commodity trader and Trinity's offtake/distribution partner under a 2025 agreement. It is included as a peer because it is the principal commercial interface through which Trinity's products reach international end-users.
• Techmet (parent): Techmet is Trinity's UK-based majority shareholder and a critical minerals investment platform. It is included as a peer because it consolidates other technology metal assets (e.g., rare earths, lithium, gallium) and frames Trinity within a broader Western critical minerals portfolio strategy.

Emerging players

• Atlantic Lithium: Atlantic Lithium is an emerging African lithium developer with the Ewoyaa project in Ghana. It is a regional peer to Trinity's Ntunga lithium exploration project, both focused on West/East African lithium development and competing for similar critical minerals capital and EV/battery offtake interest.
• AVZ Minerals: AVZ Minerals is developing the Manono lithium-tin project in the DRC. It is an African-focused critical minerals developer that overlaps with Trinity's tin and lithium asset base, providing a regional and commodity peer reference.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Trinity_Metals
• YouTubeyoutu.be/tfJO_Fxl33c?si=fdC9qCcIe3P-bRro
• LinkedInlinkedin.com/company/trinitymetalsgroupltd

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trinity Metals