Business
TNR Gold Announces Strategic Goals for 2018
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2018) - TNR Gold Corp. (TSXV: TN...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Announces Strategic Goals for 2018Vancouver, British Columbia--(Newsfile Corp. - February 2, 2018) - TNR Gold Corp. (TSXV: TNR) (\"TNR\" or the \"Company\") is pleased to report that we have successfully finished a transitional year whereby the Company continues to work toward building a green energy metals royalty Company. To this end, the board agreed to abolish the position of Deputy Chairman after due consideration as it was considered unnecessary in the context of achieving the Company's current objectives. John Wisbey, a director of the Company who has held the role of Deputy Chairman since its inception on May 25, 2017, subsequently announced his resignation as a director. \"The Board thanks Mr. Wisbey for his support and assistance during the Company's significant transitional year,\" commented Kirill Klip, Executive Chairman of TNR. \"Now our turn-around at TNR is completed and we are looking forward to achieving our strategic goals and increasing value for all shareholders.\"During our 2017 transitional year, we strengthened the TNR team of dedicated professionals who cover all aspects of our operations, and we have improved our controls and operational systems. Our portfolio of assets represents participation in several projects in lithium, copper and gold. Our partners include global industry leaders including McEwen Mining Inc. and Jiangxi Ganfeng Lithium International Co. Ltd.Our priority for 2018 is to repay our long-term debt with a focus on establishing access to strategic sources of capital in order to advance our business plan. We plan to achieve our strategic goals by optimizing our portfolio of assets, strengthening our capital structure and extending our shareholder base.Los Azules Copper Project Royalty UpdateAs stated in the Company news release of November 2, 2017, McEwen Mining announced that the technical report supporting the preliminary economic assessment (\"PEA\") disclosure in its news release dated September 7, 2017 was published. McEwen Mining stated, \"The PEA, dated September 1, 2017, is entitled 'NI 43-101 Technical Report — Preliminary Economic Assessment Update for the Los Azules Project, Argentina,' and was prepared by independent 'Qualified Persons' (as that term is defined in NI 43-101) at Hatch Ltd.\" The technical report, which includes the...