Business
TNR Gold Announces TSX Venture Exchange Conditional Approval of Altius Strategic Investment
Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that furth
About this update from Tnr Gold Corp.
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - May 13, 2026) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that further to its April 6, 2026 news release regarding its strategic private placement by Altius Resources Inc. (\"Altius Resources\"), a wholly-owned subsidiary of Altius Minerals Corporation (TSX: ALS) (OTCQX: ATUSF) (\"Altius\"), TNR Gold has now received TSX Venture Exchange conditional approval to complete the private placement (the \"Private Placement\"). The Private Placement is expected to close no sooner than 5 trading days from the date of this news release. The Company will issue 23,500,000 common shares to Altius Resources under the Private Placement for gross proceeds of $4,171,250. All common shares issued to Altius Resources will bear a statutory hold period of four months and one day from the date of issuance. The proceeds of the Private Placement will be used to finance potential corporate development initiatives, property maintenance and exploration on the Company's Shotgun Gold Project in Alaska, possible royalty acquisition of the portion of the Mariana Royalty and Los Azules Royalty it holds on behalf of a shareholder, and for general corporate and working capital requirements. Kirill Klip, Executive Chairman of TNR Gold stated, \"We are delighted to welcome Altius as a strategic, non-controlling investor in TNR Gold. This investment enables TNR Gold to advance the execution of its strategic plan and reflects strong market recognition of the quality of our assets and their potential.\" Kirill Klip continued, \"Our business model provides a unique entry point into the creation of supply chains for critical materials like energy metals, which are powering the Energy rEVolution, and the gold industry that is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of the mining cycle, starting with the power of blue-sky discovery, and including partnerships with industry leaders like McEwen Inc., Ganfeng Lithium, Lundin Mining and BHP as operators on the projects that could potentially generate royalty cashflows to contribute value for our sharehol...