Silver North Resources Ltd. press release
TNR Gold welcomes further investment in McEwen Copper's Los Azules project by Rio Tinto's Nuton
TSXV - TSX Venture Exchange · Silver · Gold · Lead · Zinc · Copper · Canada · Financing
(NewsDirect)
TNR Gold Corp CEO Kirill Klip joined Proactive's Stephen Gunnion with details of a significant new financing that McEwen Copper received for the Los Azules copper, gold, and silver project in San Juan, Argentina.
Nuton LLC - a Rio Tinto Venture and an existing shareholder - will invest $10 million to acquire additional shares of McEwen Copper, with proceeds from the to be allocated to advancing Los Azules, one of the top 10 largest undeveloped copper deposits in the world according to Mining Intelligence.
The investment follows an additional investment from global automaker Stellantis.
Klip said the new round of funding for Los Azules follows a positive updated mineral resource for the project, which confirmed the huge potential for the project.
Following an unsolicited bid for TNR Gold from Lithium Royalty Corp, he also discussed the current "M&A season" for royalty companies due to very attractive valuations.
Contact Details
Proactive Investors USA
+1 347-449-0879
na-editorial@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Earlier from Silver North Resources Ltd.
- TNR Gold Corp boosted by fresh Stellantis investment in McEwen Copper
- TNR Gold NSR Royalty Update - Los Azules Copper, Gold and Silver Project - McEwen Copper Announces $10 Million Additional Investment by Nuton, a Rio Tinto Venture
- TNR Gold Corp announces special committee to evaluate M&A opportunities
More financing releases
- Copper Lake Announces Closing of Second and Final Tranche of Previously Announced Non-Brokered Private Placement Copper Lake Resources Ltd. (CPL.V),
- DEFENSE METALS ANNOUNCES FIRST TRANCHE CLOSING OF PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$3.65 MILLION Defense Metals Corp. (DEFN.V),
- Canamera Announces Closing of Rights Offering Canamera Energy Metals Corp. (EMET.CN),