TNR Gold executive chair reports on an "important year" for the business
December 29, 2023 at 01:43 pm EST
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TNR Gold Corp Executive Chairman Kirill Klip speaks to Thomas Warner from Proactive about recent developments relevant to the green energy metals royalty and gold company. Klip starts by discussing progress at the Los Azules Copper, Gold, and Silver Project, saying that a total investment of $65 million from Rio Tinto in McEwen Copper, which is developing Los Azules, underscores the project's potential. Additionally, European automaking giant Stellantis joined as an investor this year, contributing to a combined investment of 72bln Argentinian pesos.
Klip goes on to highlight the June 2023 release of a new preliminary economic assessment (PEA), revealing a 27% increase in total copper resource at Los Azules.
Finally, Klip comments on the Mariana Lithium project. The timely sale of a portion of their Mariana Lithium royalty, coinciding with lithium's price peak, strategically eliminated the company's debts.
With production expected to start in 2024, Klip expresses optimism about the project's future, marking a successful year for TNR Gold Corp and setting a positive outlook for 2024.
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Proactive
+1 604-688-8158
na-editorial@proactiveinvestors.com
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TNR Gold Corp. is a Canada-based green energy metals royalty and gold company. The Company is engaged in the business of acquiring and owning royalties. It is also engaged in the business of acquiring and exploring its mineral properties located in the United States. Its projects include the Shotgun Gold Project, the Los Azules Copper-Gold Project, and Mariana Lithium Project. The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. The Shotgun Gold Project is located in southwestern Alaska approximately 150 kilometers (km) north of Dillingham and 190 km south of the Donlin Gold Project. The Los Azules Copper-Gold Project is located in San Juan, Argentina. The Mariana Lithium Project is located in Argentina. At its core, it provides a scope of exposure to gold, copper, silver and lithium through its holdings in Alaska and royalty holdings in Argentina. Its subsidiaries include 0828073 BC Ltd., Ameri Gold Corp., Bristol Exploration Co. Inc., and others.