High Tide Resources Corp. press release
TNR Gold eyes growth with strategic royalty investments and share buybacks
CSE - Canadian National Stock Exchange · Iron · Copper · Nickel · Cobalt · Canada · Financing
(NewsDirect)
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) Executive Chairman, Kirill Klip, provided an extensive update on the company's strategic advancements and outlook in an interview with Proactive's Stephen Gunnion. Klip said the company has actively engaged in its normal course issuer bid, repurchasing 5.6 million shares towards a target of 9.5 million, citing its undervaluation in the market.
Following the sale of a portion of its royalty portfolio last year, he also noted that TNR Gold has eliminated its debt and is now focusing on investing in its shares. Klip also highlighted the Mariana Lithium Project, which is expected to start commercial production in 2024, potentially making TNR a cash-generating royalty company.
The company's involvement in McEwen Mining's Los Azules Copper Project and its 0.4% net smelter return royalty was discussed, noting the project's significant potential and the positive political climate in Argentina under a pro-business government.
Additionally, Klip mentioned TNR Gold's Royalty on the Batidero I and II Properties of the Josemaria Project advanced by Lundin Mining, and the Shotgun Gold Project, emphasising the company's royalty business model that avoids diluting shareholder value through capital raises for project development.
Looking ahead to 2024, Klip teased potential positive news regarding the expansion of the company's royalty portfolio and the anticipated production start at Mariana Lithium, reinforcing TNR Gold's strategic position in critical material supply chains and green energy metals.
Contact Details
Proactive North America
Proactive North America
+1 604-688-8158
na-editorial@proactiveinvestors.com
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