TNR Gold Corporation reports developments tied to its energy-metals royalty and gold portfolio. Company news centers on net smelter return royalty updates for the Mariana Lithium Project in Argentina, operated through Ganfeng Lithium interests, and the Los Azules Copper Project in San Juan, Argentina, developed by McEwen Copper.
Recurring updates also cover the company's exposure to critical materials supply chains, project-operator milestones, stock option grants, board and governance changes, and capital actions such as private placements. The company describes its portfolio as combining royalty interests with earlier-stage mining exposure and partnerships with project operators.
TNR Gold (OTC:TRRXF) holds a 1.5% NSR royalty on the Mariana lithium project (including a 0.15% NSR held for a shareholder).
Ganfeng commenced formal production of Mariana's first phase on 12 February 2025 with a 20,000 tpa lithium chloride capacity and ~8,121,000 t LCE total resources. TNR says it has no debt and expects future NSR cash flows.
TNR Gold (OTC:TRRXF) granted 4,900,000 stock options to directors, employees and consultants on February 17, 2026. The options carry an exercise price of $0.165, expire five years from grant, and are subject to a four-month trading hold.
TNR Gold (OTC:TRRXF) announced a board change on January 15, 2026, appointing Leopold Sutton as a director and accepting the resignation of Tobias Higgins after nearly three years of service. Sutton brings nearly a decade of business transformation consulting experience, a CIMA designation, an M.A. in Transformational Leadership, and a B.Sc. in Natural Sciences.
Management says Sutton will support the Audit Committee and strengthen financial governance; Higgins resigned to accommodate new professional commitments.
TNR Gold (OTC:TRRXF) provided a corporate update on November 28, 2025, reaffirming a strategic review of developing M&A opportunities and capital-management measures. Key assets include a 1.5% NSR royalty on the Mariana Lithium Project (0.15% held for a shareholder), a 0.4% NSR royalty on Los Azules (0.04% for a shareholder), and a 90% interest in the Shotgun Gold Project with 705,960 oz inferred gold resources. Management noted Mariana began phase‑I production (20,000 tpa lithium chloride) in Feb 2025 and expects first NSR cashflows.
The company plans cost discipline, potential NCIB, AmeriGold spinout planning, and a June 16, 2026 AGM.
TNR Gold (OTC:TRRXF) reports McEwen's Feasibility Study for the Los Azules copper project (Argentina) confirming a long-life, low-cost copper operation with strong economics and ESG features.
Key metrics: After-tax NPV(8%) $2.9B, IRR 19.8%, payback 3.9 years, initial capital $3.17B, LOM 21 years, average production Years 1-5 204,800 t/yr, LOM average 148,200 t/yr, C1 $1.71/lb, AISC $2.11/lb. Project targets 100% renewable power, 72% lower carbon intensity, no tailings dam, and regulatory approvals with RIGI incentives. TNR holds a 0.4% NSR royalty on Los Azules.
TNR Gold (TSXV: TNR) announced that McEwen Copper's Los Azules copper, gold, and silver project in San Juan, Argentina has been approved for participation in Argentina's Large Investment Incentive Regime (RIGI). TNR holds a 0.4% net smelter returns royalty on the project.
The RIGI approval encompasses a US $2.672 billion investment and provides key benefits including 30-year legal, fiscal, and customs stability. The project is expected to generate over US $30 billion in export revenues and will be Argentina's first to produce high-purity copper cathodes.
Key developments include:
- Environmental Impact Declaration approval in December 2024
- Feasibility study completion expected by October 2025
- 25% corporate tax rate (reduced from 35%)
- 50% reduction in dividend withholding tax
TNR Gold (TSXV: TNR) provided an update on its 0.4% NSR royalty interest in the Los Azules copper project, following key developments from McEwen Mining. The project, held by McEwen Copper, reached a significant milestone by signing a collaboration agreement with the International Finance Corporation (IFC), a World Bank Group member.
McEwen Copper invested $15.6 million in Q2 2025 and is progressing towards completing its Feasibility Study by October 2025. The company is optimizing project layout, infrastructure, and costs while finalizing various technical aspects. Additionally, McEwen Copper has submitted a RIGI application for tax and regulatory benefits.
The IFC collaboration aims to align Los Azules with international ESG standards, potentially opening doors for future debt and equity financing. The project, one of the world's largest undeveloped copper deposits, has already secured Environmental Impact Declaration approval and is preparing for construction phase pending financing.
TNR Gold Corp. (TSXV: TNR) announced the successful completion of its Annual General and Special Meeting on June 24, 2025. All proposed resolutions were approved, including the re-election of directors Kirill Klip, John Davies, Tobias Higgins, and Konstantin Klip. Manning Elliott LLP was reappointed as auditor, and the Stock Option Plan renewal was approved.
The company, which has become debt-free after repaying its investment loan, is transforming from a project-generator junior mining company into a cashflow-generating royalty company. TNR Gold's portfolio includes partnerships with major industry players like McEwen Mining, Ganfeng Lithium, Lundin Mining, and BHP, focusing on energy metals for the Tesla Energy rEVolution and gold investments.