TNR Gold Corp announces special committee to evaluate M&A opportunities
–News Direct–
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) Executive Chairman Kirill Klip speaks to Thomas Warner from Proactive London after the green energy metals royalty and gold company announced the formation of a special committee of independent directors to explore merger and acquisition opportunities, including the evaluation of variations such as the latest Lithium Royalty proposals. He emphasises his vision for the company and the importance of management alignment with shareholders' interests, noting that he is the largest individual shareholder.
Klip expressed his optimism about the company's future valuation, citing a Fundamental Research report that suggested a potential valuation of 22 per share. He highlights as evidence TNR's royalty on the Mariana Lithium project, which is nearing production and expected to generate significant cash flow next year. The project's green energy initiatives, including a solar power plant, are also on track.
Discussing the Los Azules Copper Project, Klip mentioned substantial investments from major players like Rio Tinto and Stellantis, demonstrating growing interest in copper mining and electric vehicle supply chains. He also touches on the Shotgun Gold project in Alaska, mentioning the company's strategy to spin out the project into a separate entity once an appropriate partner has been found.
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View source version on newsdirect.com: https://newsdirect.com/news/tnr-gold-corp-announces-special-committee-to-evaluate-manda-opportunities-728410324
TNR Gold Corp
COMTEX_442062136/2655/2023-10-18T06:19:50
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