On August 21, 2024, TNR Gold Corp. (TSXV: TNR) announced the successful closure of a non-brokered private placement of 5,150,000 units, each priced at $0.06. The oversubscribed placement resulted in proceeds of $309,000, with each unit consisting of a common share and a non-transferable warrant. The funds raised will primarily be allocated towards exploration, maintenance of the Shotgun Gold project, and general working capital.
TNR Gold Corp. is positioning itself as a leader in green energy metals royalty and gold company. With a diverse portfolio of assets, the company is actively involved in the development of critical materials such as energy metals and gold. Notable projects include the Mariana Lithium Project and Los Azules Copper Project in Argentina, where TNR holds significant royalty interests.
Furthermore, TNR holds a 7% net profits royalty on the Batidero I and II properties of the Josemaria Project, being developed by Lundin Mining. The company also maintains a 0.4% NSR Royalty on the Los Azules Copper Project, supported by McEwen Mining. In addition, TNR provides exposure to gold through its ownership of the Shotgun Gold porphyry project in Alaska.
While TNR remains optimistic about its future prospects, investors are advised to exercise caution due to the inherent risks and uncertainties associated with forward-looking information. The company’s success is contingent upon various factors, including market conditions, regulatory changes, and financial performance. It is important for investors to conduct thorough due diligence and seek professional guidance before making investment decisions.
