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TNR Gold Corp. (TRRXF) delivers strategic exposure to green energy metals and precious minerals through innovative royalty agreements. This news hub provides investors with essential updates on the company's NSR royalty projects, partnership developments, and financial milestones.
Access authoritative reporting on key assets including the Mariana Lithium Project (1.5% NSR) and Los Azules Copper Project (0.4% NSR). Our curated news collection enables informed decision-making through verified updates about resource estimates, operational progress, and market positioning.
Key coverage areas include royalty agreement expansions, partner company updates from Ganfeng Lithium and Lundin Mining, corporate financial disclosures, and strategic initiatives in sustainable mining practices. All content undergoes rigorous verification to ensure factual accuracy and relevance.
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TNR Gold Corp. (TSXV: TNR) announced that McEwen Mining Inc. has provided an update on the Los Azules copper, gold, and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty on the Los Azules project, managed by McEuen Copper Inc., a subsidiary of McEwen Mining.
On June 24, 2024, McEwen Mining announced a non-brokered private placement financing of up to 2,333,333 common shares of McEwen Copper at US$30.00 per share, aiming to raise up to US$70 million. McEwen Mining and Rob McEwen committed to purchasing 27% of the total offering, amounting to US$14 million and US$5 million, respectively. The funds will support a bankable feasibility study for the Los Azules project due by Q1 2025.
Prior to the financing, McEwen Mining and Rob McEwen held 47.7% and 12.9% ownership in McEwen Copper, respectively. Post-financing, their stakes are expected to adjust to 45.8% and 12.5%.
TNR Gold has announced that McEwen Mining has completed its feasibility drilling program at the Los Azules copper, gold, and silver project in Argentina. TNR Gold holds a 0.4% net smelter return (NSR) royalty on the project.
The program included 70,000 meters of drilling, with significant results such as 349m of 0.77% Cu and 382.5m of 0.54% Cu. The main objectives were to confirm the deposit size and grade, test for extensions, and explore new mineralized areas.
Initial interpretations indicate an increase in Measured and Indicated resources. The drilling also found mineralization beyond the current pit boundaries. A new porphyry system, 3 km east of the Los Azules deposit, shows promising early results.
The feasibility study will be completed by early 2025, with the focus on converting initial 5-year mineable resources to Measured and Indicated categories. Comprehensive exploration and geotechnical work are also ongoing.
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