Tnr Gold Stock Price, News & Analysis

TNR Gold Corp (TRRXF) provided a corporate update on its strategic assets and M&A opportunities. The company holds key royalties including a 1.5% NSR royalty on the Mariana Lithium Project operated by Ganfeng Lithium, which commenced production in February 2025 with a 20,000-ton annual lithium chloride capacity. TNR also owns a 0.4% NSR royalty on McEwen Mining's Los Azules Copper Project, which is advancing towards a feasibility study expected in July 2025. Additionally, TNR maintains a 90% stake in the Shotgun Gold Project in Alaska, containing 705,960 ounces of inferred gold resources. The company is focused on maximizing shareholder value through potential strategic transactions, reducing dilution, and considering a normal course issuer bid. Management has increased its stake in the company and is exploring strategic alliances with major mining companies.

TNR Gold Corp (TRRXF) provided an update on its 0.4% NSR royalty interest in the Los Azules copper project in Argentina, operated by McEwen Copper. The project achieved significant milestones in Q1 2025, with $21.3 million invested to advance its feasibility study. The 2024-2025 drilling campaign completed 36,000 feet of drilling, bringing the total database to 685,600 feet. After securing Environmental Impact Assessment approval in December 2024, the definitive feasibility study is expected in July 2025. McEwen Copper applied for the Regime of Incentives for Investment (RIGI) in February 2025, which could provide significant tax benefits including reduced corporate tax rates and elimination of export duties. Los Azules, ranked among the world's top ten largest undeveloped copper deposits, has received strategic investments from Rio Tinto and Stellantis, with total project investment exceeding $400 million to date.

McEwen Copper, a subsidiary of McEwen Mining, has applied for the Los Azules copper project's admission to Argentina's Large Investment Incentive Regime (RIGI). The project requires an estimated USD 2.7 billion investment, with USD 227 million committed under RIGI for feasibility study completion and preliminary work.

Upon RIGI approval, Los Azules will receive significant benefits including:

• Corporate tax rate reduction from 35% to 25%
• Value added tax relief during construction
• Exemption from export duties
• 30-year stability guarantee
• Access to international arbitration

The project, among the top 10 copper projects by resource size, recently received environmental permit approval for construction and operation. Construction could begin in early 2026, following the completion of the feasibility study scheduled for first half of 2025.

TNR Gold Corp. (TSXV: TNR) announces that Ganfeng Lithium has officially commenced production at the Mariana Lithium Project in Argentina, where TNR holds a 1.5% NSR Royalty. The first phase of the project, with an annual production capacity of 20,000 tons of lithium chloride, began formal production on February 12, 2025.

The Mariana lithium salt-lake project, located in Salta Province, contains approximately 8,121,000 tons of LCE in total lithium resources. The project features sustainable operations with a 120MW photovoltaic power station and 288MWh energy storage system, running entirely on renewable energy. The development has created over 11,600 jobs and includes 19 ecological conservation zones.

TNR Gold, now transitioning to a cash flow generating royalty company, maintains a debt-free status and anticipates its first NSR royalty cash flow payments from the project.

TNR Gold Corp, holding a 0.4% net smelter returns royalty on the Los Azules copper project, announces that McEwen Copper has secured the Environmental Impact Statement (EIS) approval for the project in San Juan, Argentina. The approval follows a comprehensive review of over 3,000 pages of Environmental Impact Assessment documentation by 14 public and private institutions.

The Los Azules project emphasizes sustainability, planning to operate on renewable electric energy and achieve carbon neutrality by 2038. The project features an innovative design focusing on minimal water footprint. McEwen Copper expects to publish a definitive feasibility study in the first half of 2025, with potential construction starting in 2026.

TNR Gold has provided an update on the Mariana Lithium Project in Argentina, where it holds a 1.5% NSR Royalty. According to Ganfeng Lithium's Interim Report, construction continues to progress with production scheduled to begin by the end of 2024. The project is expected to produce approximately 20,000 tons per year of lithium chloride. The operational phase began in January 2023, and TNR Gold will not have to contribute any capital for the project's development. This advancement marks TNR's transformation from a project generation junior mining company to a cash flow generating royalty company.

McEwen Copper, a subsidiary of McEwen Mining, has secured an additional $35 million investment from Nuton , a Rio Tinto Venture, through a private placement of 1,166,666 common shares at $30.00 per share. The second tranche of the offering also included $2 million from two other investors. Following this transaction, Nuton owns 17.2% of McEwen Copper, which now has a post-money market value of $984 million. The proceeds will fund the ongoing feasibility study for the Los Azules copper project, scheduled for publication in first half 2025. TNR Gold holds a 0.4% net smelter returns royalty on the Los Azules Project.

TNR Gold Corp (TSXV: TNR) provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina, where it holds a 0.4% net smelter returns royalty. McEwen Copper, a subsidiary of McEwen Mining, reported significant infill drill results, including:

• 217 meters of 1.11% Cu, including 100 meters of 1.32% Cu
• 158 meters of 0.84% Cu, including 78.5 meters of 1.10% Cu
• 276 meters of 0.86% Cu, including 160 meters of 0.96% Cu

The drilling campaign successfully upgraded resource categories and confirmed the high-grade zone. The Los Azules Feasibility Study remains on track for delivery in early 2025. Additionally, Argentina's government introduced legislation to encourage large-scale investments in the mining sector, potentially improving the project's economics.

TNR Gold Corp. (TSXV: TRRXF) has announced a non-brokered private placement to raise up to CAN $300,000. The company plans to issue up to 5,000,000 units at $0.06 per unit. Each unit consists of one common share and half a non-transferable warrant. Whole warrants are exercisable at $0.08 per share for two years from the issue date. The funds will be used for exploration, maintenance of the Shotgun Gold project, and general working capital. Securities from this placement will have a four-month plus one-day trading restriction from the closing date.