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TNR Gold chair on Altius C$4.2M investment, Mariana royalty flow, Los Azules & Shotgun projects
Episode 14200
Published 3 weeks, 1 day ago
Description
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) executive chairman Kirill Klip talked with Proactive's Stephen Gunnion about the company’s latest strategic milestone following a C$4.2 million investment from Altius Minerals, a major Canadian royalty company.
Klip described the investment as a strong endorsement of TNR Gold’s long-term strategy, noting that Altius has taken a non-control position of 23.5 million shares. He said: “It’s a strategic non-control position that signals confidence in our company,” highlighting the significance of backing from a well-established player in the mining royalty sector.
The announcement triggered a strong market response, with TNR Gold’s share price rising 30% following the news. Klip pointed to this as validation of the company’s corporate development strategy and growing recognition of its royalty portfolio.
He also outlined how the investment strengthens TNR Gold’s financial position, enabling it to advance its goal of becoming a leading green energy metals royalty and gold company. The company is now focused on expanding its royalty holdings and delivering shareholder returns through potential buybacks and future dividends.
Looking ahead, Klip noted that TNR Gold expects to begin receiving royalty payments in the near term, supported by production progress at its Mariana Lithium project, while continued developments at Los Azules and other assets provide additional upside.
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