(NewsDirect)
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF)Executive Chairman Kirill Klip speaks to Thomas Warner from ProactiveLondon after giant carmaker Stellantis announced its second investmentin McEwen Copper, the developer of the Los Azules Project.
Klip explains that Stellantis has invested42 billion Argentinian pesos, approximately $120 million USD,following a previous investment of 30 billion pesos. He believes theinvestment reaffirms the confidence in McEwen Copper's potential,valuing the company at around $800 million. TNR holds a 0.4% netsmelter returns royalty (“NSR Royalty”) (of which 0.04% of the0.4% NSR Royalty is held on behalf of a shareholder) on the Los AzulesCopper Project.
The decision toinvest further is driven by a positive Preliminary Economic Assessment(PEA) for the Los Azules project. This PA showcases substantialmineral resources, including over 10.9 billion pounds of copper in theindicated category and up to 26.7 billion pounds in the inferredcategory. The project is expected to have a 27-year life of mine andproduce 175,000 tonnes of copper annually.
Klip says that TNRGold is also exploring merger and acquisition opportunities in theroyalty and mining space, with a special committee focusing on assetvaluation. He adds that the company has received interest from variousparties, with the Mariana Lithium royalty and Los Azules Projectcopper royalty among the assets generating significantinterest.
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