Business
TNR Gold Welcomes CAN$4.2 Million Strategic Investment by Altius Minerals
Vancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - TNR Gold Corp. (TSXV: TNR) ("...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold Welcomes CAN$4.2 Million Strategic Investment by Altius MineralsVancouver, British Columbia--(Newsfile Corp. - April 6, 2026) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that the Company plans to complete a private placement by Altius Resources Inc. (\"Altius Resources\"), a wholly-owned subsidiary of Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (\"Altius\") for gross aggregate proceeds of approximately CAN$4.2 million (the \"Private Placement\").TNR and Altius Resources have entered into a subscription agreement dated April 2, 2026 (the \"Subscription Agreement\"), pursuant to which Altius Resources has agreed to subscribe for and take up 23,500,000 common shares in the capital of the Company (the \"Offered Shares\"), representing approximately 9.9% of TNR's issued and outstanding common shares (\"TNR Shares\") on a post-issuance basis, at an issue price per Offered Share equal to the 30-day VWAP of the Shares for the 30 trading days prior to the date of the Subscription Agreement, being CAN$0.1775 per TNR Share.The proceeds of the Strategic Investment will be used to finance potential corporate development initiatives and for general corporate and working capital requirements. There is no person acting at the request of the Company, or to the knowledge of the Company, purporting to act who is entitled to any finder or other fiscal advisory or similar fee in connection with the Offered Shares or transactions contemplated herein.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...