Business
TNR Gold Updates on Copper & Lithium Royalties and Shotgun Gold Project
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2019) - TNR Gold Corp. (TSXV: ...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Updates on Copper & Lithium Royalties and Shotgun Gold ProjectVancouver, British Columbia--(Newsfile Corp. - February 25, 2019) - TNR Gold Corp. (TSXV: TNR) (\"TNR\" or the \"Company\") is pleased to report that as a result of our strategic initiatives, we have successfully achieved very important milestones toward building the green energy metals royalty company. \"We aim to proactively manage our capital and royalty portfolio in order to optimize our holdings and meet strategic goals,\" commented Kirill Klip, Executive Chairman of TNR. \"TNR's strategic initiatives include research and marketing of convertible royalty debentures - debt instruments allowing conversion directly into part-ownership of our royalty holdings; merger and acquisition related activities aimed at creating partnerships on the basis of our royalty holdings and exploring the opportunities provided by blockchain technology in order to create access to capital allocated for crypto assets. We are actively seeking partners who would like to connect their digital assets with our potential future royalty cash-flow streams. \"The TNR team has the full support of the Company's investment loan capital provider who backs our business plan and long-term strategic initiatives. It's clear that the decision of our investment loan capital provider earlier this year, to extend the due date of the investment loan by three years, is a resounding show of confidence in TNR's business strategy, asset portfolio and management team. \"After receipt of debenture loan repayment in February, we have addressed another important issue for TNR by considerably improving our working capital and strengthening the balance sheet. We have the resources to concentrate our efforts on building a premier green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors. In addition, TNR's business plan includes investigating new strategic acquisitions and developing the Shotgun Gold project in Alaska.\"TNR benefits by not being required to contribute any capital to our royalty holdings on the Los Azules copper project and on the Mariana Lithium Project in Argentina. The Company's strategy with the Shotgun Gold Project is to attract a joint venture partnership with on...