TNR Gold weighs Altius bid as Los Azules copper royalty nears final investment decision

TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) executive chairman Kirill Klip spoke with Proactive's Stephen Gunnion about Altius Minerals’ non-binding acquisition proposal, the company’s 775% five-year total shareholder return until the "unaffected date" of August 18, 2026, and its royalty exposure to Argentina’s Los Azules copper project. Klip discussed the strategy behind TNR Gold’s performance and why its portfolio of royalty interests and exploration assets has attracted attention from Altius, which already holds around 12.7% of the company. The proposed deal remains under review by a special committee of independent directors, with TNR and Altius having entered into an exclusivity arrangement. No definitive transaction has been agreed. A key focus is Los Azules, where TNR holds a 0.4% net smelter returns royalty (0.04% is held on behalf of a shareholder). The copper project is advancing towards a final investment decision following a US$240 million term loan announced by project developer McEwen. Klip also discusses upcoming project milestones and the potential role of Rio Tinto’s Nuton leaching technology in extending the mine life and supporting future royalty cash flow. Watch the full interview for his perspective on Altius’ proposal, Los Azules and TNR Gold’s next steps. Visit Proactive's YouTube channel for more mining industry interviews, company updates and investor-focused discussions. Don't forget to give this video a like, subscribe to the channel and enable notifications for future content. Read Proactive's Editorial Policy here: https://www.proactiveinvestors.co.uk/pages/editorialPolicy #TNRGold #LosAzules #CopperMining #MiningStocks #Proactive #TNRGoldCorp #KirillKlip #CopperRoyalty #MiningInvestment #ShareholderReturns #CopperProjects #RoyaltyInvesting #JuniorMining #MiningNews #CopperExploration #InvestorUpdates #MiningRoyalties #ShareholderValue #TNRGold #LosAzules #CopperRoyalty #MiningStocks #Proactive