2022 Due Diligence Report On TNR Gold Corp: TNR
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TNR Gold Corp – TSXV:TNR & OTCQB:TRRXF
Price: $0.06 CDN & $0.05 USD
Common Shares: 189,722,780
Insider Holdings: 57,797,200 or 30.5%
Note: Does not include recent private placements, which the CEO of TNR took majority positions, $271,000 of a possible $300,000.
Website: https://tnrgoldcorp.com/
Recent company video (April 11th 2022):
https://ca.proactiveinvestors.com/companies/n...79427.html
About TNR Gold Corp.
TNR Gold is working to become the green energy metals royalty and gold company.
Over the past 26 years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the company's expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.4-per-cent NSR royalty on the project, which is being developed by McEwen Mining Inc. (TNR holds a 0.04-per-cent NSR royalty on behalf of a shareholder).
In 2009, TNR founded International Lithium Corp., a green energy metals company that was made public through the spinout of TNR's energy metals portfolio in 2011. International Lithium held interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 2.0-per-cent NSR Royalty on the Mariana lithium project in Argentina with Ganfeng Lithium International Co. Ltd. (TNR holds a 0.2-per-cent NSR royalty on behalf of a shareholder). Ganfeng's subsidiary, Litio Minera Argentina, has a right to repurchase 1.0 per cent of the NSR royalty on the Mariana project, of which 0.9 per cent relates to the company's NSR royalty interest. The company would receive $900,000 on the completion of the repurchase. The project is currently being advanced by Ganfeng Lithium.
TNR also holds a 7-per-cent net profit interest holding on the Batidero I and II properties with Josemaria Resources Inc. Josemaria Resources is part of the Lundin Group, a portfolio of companies producing a variety of commodities in over 20 countries worldwide.
TNR provides significant exposure to gold through its 90-per-cent holding in the Shotgun gold porphyry project in Alaska. The project is located in southwestern Alaska near the Donlin gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The company's strategy with the Shotgun gold project is to attract a joint venture partnership with one of the gold major mining companies. The company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina (the Los Azules copper project and the Mariana lithium project) and is committed to the continued generation of in-demand projects while diversifying its markets and building shareholder value.