(NewsDirect)
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF)Executive Chairman Kirill Klip speaks to Thomas Warner from ProactiveLondon following the withdrawal of what he terms a "lowball"offer for the company from Lithium Royalty Corp.
Klip elaborates on the rejected offer,deeming it inadequate at 8¢ per share, especially considering aprevious transaction in which Lithium Royalty Corp paid $9 million fora 0.5% NSR royalty in Mariana Lithium. Klip asserts the matter withLithium Royalty Corp is closed, but TNR Gold's Special Committeecontinues to explore higher valuation transactions, potentiallyspinning out Alaskan assets.
TNRGold holds a 90% interest in the Shotgun Gold Project in Alaska, withsubstantial gold resources and plans for a strategic partnership orjoint venture that could lead to a public spin-off in a new entity,AmeriGold. Moreover, Klip touches on the excitement in the sectorspurred by M&A activities, citing interests in the Los Azules andMariana Lithium royalties. High valuations are anticipated based onrecent transactions and investments from major players like RioTinto.
Klip also emphasises the significance of MarianaLithium's progress towards production, a pivotal move for TNR Goldas it will catalyze future cash flows and generate a revenue streamstarting in 2024, crucial for the company's growth andattractiveness to investors.
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