TNR Gold shares details behind latest share buy back program

About this update from Tnr Gold Corp.

[{"type":"text","content":"TNR Gold shares details behind latest share buy back program\n \n \n (NewsDirect)\n \n \n \n \n TNR Gold Executive Chairman Kirill Klip\njoins Natalie Stoberman to discuss the company's latest share buy\nback program as well as recent developments at its four major mining\nprojects.\n \n \n Klip says the company\nlaunched its share buyback under the belief that current market prices\ndo not reflect the true value of TNR Gold's shares. Klip adds the\ncompany may purchase up to a maximum of 9,548,639 common shares,\nrepresenting approximately 5% of the TNR Gold’s outstanding shares.\n \n \n TNR holds a 1.5% NSR Royalty on the\nMariana Lithium Project in Argentina, of which 0.15% NSR royalty is\nheld on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio\nMinera Argentina, has the right to repurchase 1% of the NSR royalty on\nthe Mariana Project, of which 0.9% is the Company’s NSR Royalty\ninterest. The Mariana Lithium Project is 100% owned by Ganfeng\nLithium.\n \n \n The Mariana Lithium\nProject has been approved by the Argentina provincial government of\nSalta for an environmental impact report, and the construction of a\n20,000 tons-per-annum lithium chloride plant has commenced.\n \n \n TNR Gold also holds a 0.4% NSR Royalty on\nthe Los Azules Copper Project, of which 0.04% of the 0.4% NSR royalty\nis held on behalf of a shareholder. The Los Azules Copper Project is\nbeing developed by McEwen Mining.\n \n \n In addition, it holds a 7% net profits royalty holding on the\nBatidero I and II properties of the Josemaria Project that is being\ndeveloped by Lundin Mining. Lundin Mining is part of the Lundin Group,\na portfolio of companies producing a variety of commodities in several\ncountries worldwide.\n \n \n TNR provides significant exposure to gold\nthrough its 90% holding in the Shotgun Gold porphyry project in\nAlaska. The project is located in Southwestern Alaska near the Donlin\nGold project, which is being developed by Barrick Gold and Novagold\nResources.\n \n \n \n Contact Details\n \n \n \n Proactive Investors\nUSA\n \n \n +1 347-449-0879\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2716,"tagName":"div"}]

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