(NewsDirect)
TNR Gold Corp CEO Kirill Klip joinedProactive's Stephen Gunnion with details of a significant newfinancing that McEwen Copper received for the Los Azules copper, gold,and silver project in San Juan, Argentina.
Nuton LLC - a Rio Tinto Venture and anexisting shareholder - will invest $10 million to acquire additionalshares of McEwen Copper, with proceeds from the to be allocated toadvancing Los Azules, one of the top 10 largest undeveloped copperdeposits in the world according to Mining Intelligence.
The investment follows an additionalinvestment from global automaker Stellantis.
Klip said the new round of funding for LosAzules follows a positive updated mineral resource for the project,which confirmed the huge potential for the project.
Followingan unsolicited bid for TNR Gold from Lithium Royalty Corp, he alsodiscussed the current "M&A season" for royalty companiesdue to very attractive valuations.
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