Altius Minerals Increases Stake in TNR Gold as Royalty Strategy Nears First Cash Flow
TNR Gold is nearing its first royalty payment following the start of production at Ganfeng Lithium's Mariana Lithium project in Argentina. Altius Minerals has increased its stake to over 30 million shares, signaling confidence in TNR’s royalty strategy and validating its business model. Executive chairman Kirill Klip highlighted progress on several key projects: improved economics for the Los Azules copper project with potential interest from Rio Tinto; a joint venture approach at Alaska's Shotgun Gold Project that minimizes capital use while attracting major miners. The company is transitioning toward becoming a cash-flow generating royalty firm. TNR also anticipates catalysts such as McEwen Copper’s possible IPO and continued institutional support, which could drive further interest in the stock.
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