TNR Gold Announces Results of Annual General and Special Meeting
NEWS RELEASE
TNR Gold Announces Results of Annual General and Special Meeting
Vancouver, British Columbia – June 24, 2025: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold”
or the “Company”) is pleased to announce that all resolutions proposed at the Company’s annual general
and special meeting of shareholders (“ AGM”) held on June 24, 2025 were passed. The agenda items
outlined in the information circular for the AGM were approved and all directors standing for election were
re-elected. The directors elected for the ensuing year were Kirill Klip, John Davies, Tobias Higgins, and
Konstantin Klip. Manning Elliott LLP was re-appointed as auditor of the Company and renewal of the
Stock Option Plan was also approved by the shareholders.
“I would like to thank all our shareholders for your overwhelming support , and the vote of confidence in
the TNR Gold Team and our strategy for maximizing shareholders value,” stated Kirill Klip, Executive
Chairman of TNR Gold. “Our Company has repaid our investment loan in full, and we do not have any
debt. We believe that the recent market prices of our shares do not fully reflect the underlying value of
TNR’s assets . Our transformation from a project -generator junior mining company into a cashflow -
generating royalty company may bring the necessary catalyst for improved market valuation of our
assets.”
“We are working on building the green energy metals royalty and gold company,” continued Mr. Klip.
“Our business model provides a unique entry point for the creation of supply chains for critical materials,
such as energy metals, which are powering the Tesla Energy rEVolution, and the gold industry that is
providing a hedge during this part of the economic cycle. Our shareholders are participating in the building
of a “GEM Royalty and Gold Company ”. In our portfolio, we have a unique combination of assets
providing exposure to different parts of the mining cycle, starting with the power of blue -sky discovery
and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium, Lundin Mining
and BHP as operators on the projects that could potentially generate royalty cashflows to contribute value
for our shareholders.”
TNR Gold’s motto remains: “Solid Values in Uncertain Times”.
ABOUT TNR GOLD CORP.
TNR Gold Corp. is working to become the green energy metals royalty and gold company.
Our business model provides a unique entry point in the creation of supply chains for critical materials
like energy metals that are powering the energy rEVolution, and the gold industry that is providing a
hedge for this stage of the economic cycle.
#1120, 789 West Pender Street,
Vancouver, B.C.
V6C 1H2, Canada
T: +1 (604) 229-8129
E-mail: [email protected]
Website: http://www.tnrgoldcorp.com
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Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining
cycle: the power of blue-sky discovery and important partnerships with industry leaders as operators on
the projects that will potentially generate royalty cashflows to contribute significant value for our
shareholders.
Over the past twenty-nine years, TNR, through its lead generator business model, has been successful
in generating high -quality global exploration projects. With the Company’s expertise, resources and
industry network, the potential of the Mariana Lithium Project and Los Azules Copper Project in Argentina,
among many others, have been recognized.
TNR holds a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, of which 0.15% of such NSR
royalty is held on behalf of a shareholder of the Company . Ganfeng Lithium’s subsidiary, Litio Minera
Argentina (“LMA”), has the right to repurchase 1.0% of the NSR royalty on the Mariana Project, of which
0.9% is the Company’s NSR royalty interest. The Company would receive CAN$900,000 , and its
shareholder would receive CAN$100,000 on the repurchase by LMA, resulting in TNR holding a 0.45%
NSR royalty and its shareholder holding a 0.05% NSR royalty.
The Mariana Lithium Project is 100% owned by Ganfeng Lithium. The Mariana Lithium Project has been
approved by the Argentina provincial government of Salta for an environmental impact report. Ganfeng
officially inaugurated Mariana Lithium’s start of production at a 20,000 tons -per-annum lithium chloride
plant on February 12, 2025.
TNR Gold also holds a 0.4% NSR royalty on the Los Azules Copper Project, of which 0.04% of the 0.4%
NSR royalty is held on behalf of a shareholder of the Company. The Los Azules Copper Project is being
developed by McEwen Mining.
TNR also holds a 7% NPR on the Batidero I and II properties of the Josemaria Project that is being
developed by the joint-venture between Lundin Mining and BHP.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project
in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being
developed by Barrick Gold and Novagold Resources. The Company’s strategy with the Shotgun Gold
Project is to attract a joint venture partnership with a major gold mining company. The Company is
actively introducing the project to interested parties.
At its core, TNR provides a wide scope of exposure to gold, copper, silver and lithium through its holdings
in Alaska (the Shotgun Gold porphyry project) and royalty holdings in Argentina (the Mariana Lithium
project, the Los Azules Copper Project and the Batidero I & II properties of the Josemaria Project), and
is committed to the continued generation of in -demand projects, while diversifying its markets and
building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
www.tnrgoldcorp.com
For further information concerning this news release please contact Kirill Klip +1 604-229-8129
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Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward -looking information”
within the meaning of applicable securities law. Forward -looking information is frequently characterized
by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and
other similar words, or statements that certain events or conditions “may” or “could” occur, although not
all forward-looking statements contain these identifying words. Specifically, for ward-looking statements
in this news release include, but are not limited to, statements made in relation to: TNR’s corporate
objectives and future potential transactions being considered by the Special Committee and the Board ,
and the benefit that TNR’s shareholders may derive from same; TNR’s future receipt of cash flows from
its royalty holdings and the subsequent contribution of significant value to its shareholders; the possible
growth of TNR’s value; future revenue and in creased valuations of TNR’s ro yalty holdings caused by
potential strategic alliances with major mining companies and investment institutions; the use of potential
future cash flows to fund a normal course issuer bid; the potential spin-out of the Shotgun Gold Project;
future investment of s ubstantial capital in the development of the Shotgun Gold Project by a potential
partner of TNR; the future potential of the the Kuskokwim Gold Belt in southwestern Alaska; the possible
benefits that may accrue to the Los Azules copper project if McEwen Copper’s application for admission
to the Regime of Incentives for Investment is successful; the potential ac celeration of the Los Azules
project’s potential due to Rio Tinto’s involvement in the project; and the potential benefits caused by
delivering ‘green copper’ to Argentina and the world . Such forward -looking information is based on a
number of assumptions and subject to a variety of risks and uncertainties, including but not limited to
those discussed in the sections entitled “Risks” and “Forward -Looking Statements” in the Company’s
interim and annual Management’s Discussion and Analysis which are available under the Company’s
SEDAR+ profile on www.sedarplus.ca. While management believes that the assumptions made and
reflected in this news release are reasonable, should one or more of the risks, uncertainties or other
factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially
from those described in forward-looking information. In particular, there can be no assurance that: TNR
will enter into one or more strategic transactions, partnership or a spin -out, or be able to complete any
further royalty acquisitions or sales of royalty interests, or portions thereof; debt or equity financings will
be available to TNR; or that TNR will be able to achieve any of its corporate objectives. T NR relies on
the confirmation of its ownership for mining claims from the appropriate government agencies when
paying rental payments for such mining claims requested by these agencies. There could be a risk in the
future of the changing internal policies of such government agencies or risk related to the third parties, in
future, challenging the ownership of such mining claims. Given these uncertainties, readers are cautioned
that forward-looking statements included herein are not guarantees of future performance, and such
forward-looking statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that business
and economic conditions affecting TNR, and its royalty partners, McEwen Mining Inc., Ganfeng Lithium
and Lundin Mining will continue substantially in the ordinary course, including without limitation with
respect to general industry conditions, general levels of economic activity and regulatio ns. These
assumptions, although considered reasonable by management at the time of preparation, may prove to
be incorrect.
Forward-looking information herein and all subsequent written and oral forward -looking information are
based on estimates and opinions of management on the dates they are made and are expressly qualified
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in their entirety by this cautionary statement. Except as required by law, the Company assumes no
obligation to update forward -looking information should circumstances or management’s estimates or
opinions change.