tag:blogger.com,1999:blog-82949804121576954532024-03-18T06:03:42.305-07:00Kirill KlipPower of Blue Sky Discoveries + Green Technology.
Private Diary: Chronicles of the Energy rEVolution.Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.comBlogger2089125tag:blogger.com,1999:blog-8294980412157695453.post-33153121556989558322024-03-16T02:02:00.000-07:002024-03-16T02:02:46.068-07:00Gold Made a New All-Time High at $2,184 Following the Highest Monthly, Quarterly and Yearly Close in History at $2,063 - Next is a Climb to $2,500, $5,000 and Over $10,000<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB-rCmCdAisnkitunWGoCQI2bnstNMQ0mJqzAQnuwvHsRMqnRQKjiSj-oTG7CMwkB-UsqQ-s5zV-woyjzav7pG_72_j3-4t-RinhCgbqvHRkmm5-JriPmHfwKSjSNn52O2h_sE2h2VYrz8bFeu9QqEjqPMV0G9qMbgRyyEZm7oq8cs7NPvc97bkPGJDOs/s2500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB-rCmCdAisnkitunWGoCQI2bnstNMQ0mJqzAQnuwvHsRMqnRQKjiSj-oTG7CMwkB-UsqQ-s5zV-woyjzav7pG_72_j3-4t-RinhCgbqvHRkmm5-JriPmHfwKSjSNn52O2h_sE2h2VYrz8bFeu9QqEjqPMV0G9qMbgRyyEZm7oq8cs7NPvc97bkPGJDOs/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><div style="caret-color: rgb(51, 51, 51); text-align: justify;"><span style="font-family: inherit;"><span style="color: #333333;">Gold smashed a new all-time high at $2,184 on March 11, 2024, after it surged to a previous all-time high at <a href="https://kirillklip.blogspot.com/2024/03/gold-made-new-all-time-high-at-2179.html"><b>$2,179 on March 8, 2024</b></a>. It is very important that Gold exploded breaking out from this giant "Cup and Handle" formation to new highs rising all first week of March. Now we have a confirmed breakout with magnificent "Super White Soldiers" - back-to-back all-time highs: </span><span style="color: #333333;">$2,160 on March 7, $2,148 on March 6, <a href="https://kirillklip.blogspot.com/2024/03/gold-made-new-all-time-high-at-2128.html" style="color: #6699cc; text-decoration: none;"><b>$2,128 on March 5</b></a>, </span><span style="color: #333333;">$2,115 on March 4 and </span>$2,083 on March 1, 2024. These ATHs follow<span style="color: #333333;"> the highest monthly, quarterly and yearly close in history at $2,063 smashed by the end of 2023. </span><a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html" style="color: #6699cc; text-decoration: none;"><b>The previous all-time high at $2,080 was made by Gold on December 27, 2023.</b></a><span style="color: #333333;"> </span></span></div><div style="text-align: justify;"><div style="caret-color: rgb(51, 51, 51);"><span style="color: #333333; font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_0Y46NvfWOaxppcYQ7QIzaEvDxSdd3sUvhQyXeXd5-9UyYKzAP_fkk11m129kLqOcMkj8_UHKLRujxJA3oRCBc0HdqLXd0MPA2xcXEH6pTxX-A8SbWLtCIrXFJeXy7ASAYZ7TRnJxfhVxFSKidCziJTBurJrKpKN5l5E5v32a_OneuPn36nRaThU0HQ/s1313/Barrons%20Market%20Top%20Gold%20March%202024%2010.03.2024.jpeg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1313" data-original-width="1280" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_0Y46NvfWOaxppcYQ7QIzaEvDxSdd3sUvhQyXeXd5-9UyYKzAP_fkk11m129kLqOcMkj8_UHKLRujxJA3oRCBc0HdqLXd0MPA2xcXEH6pTxX-A8SbWLtCIrXFJeXy7ASAYZ7TRnJxfhVxFSKidCziJTBurJrKpKN5l5E5v32a_OneuPn36nRaThU0HQ/w390-h400/Barrons%20Market%20Top%20Gold%20March%202024%2010.03.2024.jpeg" style="border: medium; position: relative;" width="390" /></a></div><div><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Gold is sending a very loud and clear signal, that something is breaking up in the financial system. "Smart Money", China and Central Banks are buying Gold as real insurance from the coming crisis. Every insurance is only as good as the counterparty providing it. Who will be able to meet all claims in the end? Gold is nobody's obligation and has become "The Ultimate Hedge" for all portfolios constructed with bonds, equities and crypto.</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhohcmikXyZeD-1IwEg67SX51VvQyFwjro-vjGizu0-OwO2ovUeBe2Vk3fasUgHEb_th995jOpEsnHmo9v3oEVbmyfr7Vj5z_2iI2DtiTXYKyhSwJhoHL7PY8U6EoFcsdWOQkdPfUWaF_Kp5rYkd1ehfBb5SV1L8E6cJ-dYGhGgxbyPN0PyFYAAdL1AwU0/s2500/146Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhohcmikXyZeD-1IwEg67SX51VvQyFwjro-vjGizu0-OwO2ovUeBe2Vk3fasUgHEb_th995jOpEsnHmo9v3oEVbmyfr7Vj5z_2iI2DtiTXYKyhSwJhoHL7PY8U6EoFcsdWOQkdPfUWaF_Kp5rYkd1ehfBb5SV1L8E6cJ-dYGhGgxbyPN0PyFYAAdL1AwU0/w400-h300/146Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><br /><span style="font-family: inherit;">Central Banks Buying Gold, Gamblers Buying Crypto.</span></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBWzxGMUzNdPJfTNAn950WwgjL6BOocaSVoTVRFULK9U5Zp8lB7kZ3JGS5Mv3_bStz3om7ABU2wW5fXyykDO68v_-lZlUORqDwtVNrvlSl83XWgNNjKHsXTfzdIBcSMz6Y0K5qD4yKl5c2rl8Q7drCwxtIod5Wtm5XDBNM1RqmPkuiGUmYpM6IIrFsWw/s2500/142Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBWzxGMUzNdPJfTNAn950WwgjL6BOocaSVoTVRFULK9U5Zp8lB7kZ3JGS5Mv3_bStz3om7ABU2wW5fXyykDO68v_-lZlUORqDwtVNrvlSl83XWgNNjKHsXTfzdIBcSMz6Y0K5qD4yKl5c2rl8Q7drCwxtIod5Wtm5XDBNM1RqmPkuiGUmYpM6IIrFsWw/w400-h300/142Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Barron's provides us with another indication that the "Irrational Exuberance" party of the general stock market can be over. "Smart Money" is rotating already into Gold, Real Hard Assets and Commodities. Gold miners are minting money now with expanded margins and still to recover and catch up with the rising Gold price. We have a perfect set-up for the new Gold Bull Market and Gold Miners and Gold Exploration Companies will be a major part of it for the rest of this decade.</span></div></div><div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div style="font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/s2500/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #33aaff; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/w400-h300/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0zhTJywwKgSWofdbqbjUqgMYE8_kvV5Uprju8PY_6m_18NBa2jfEUVW2xAZ430hTs0E2KHOJUR_D1aySSY18poRxWDGhYG-gLYDQFYzG-bhl-aEMlCPDd8TyM63U066DXSrHvGwm6Jef6GQC04hyphenhyphen1yyjAyxZEyfIRbItbFeSWZ3mYzAHKPI4Hr8YgxU/s1280/Kirill%20Klip%20TNR%20Gold%20Ashraq%20Bloomberg%2027.03.2023%20Screen%20Shot%202023-03-27%20at%2022.48.45.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="718" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0zhTJywwKgSWofdbqbjUqgMYE8_kvV5Uprju8PY_6m_18NBa2jfEUVW2xAZ430hTs0E2KHOJUR_D1aySSY18poRxWDGhYG-gLYDQFYzG-bhl-aEMlCPDd8TyM63U066DXSrHvGwm6Jef6GQC04hyphenhyphen1yyjAyxZEyfIRbItbFeSWZ3mYzAHKPI4Hr8YgxU/w400-h225/Kirill%20Klip%20TNR%20Gold%20Ashraq%20Bloomberg%2027.03.2023%20Screen%20Shot%202023-03-27%20at%2022.48.45.png" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. <a href="https://kirillklip.blogspot.com/2023/03/gold-hits-2010-will-central-banks-fomo.html" style="color: #6699cc; text-decoration: none;"><b>Next is a climb to $2,500, $5,000 and over $10,000. </b></a></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGBEVWUhQxndw3wYPQoPCi58xC_WPLQR0q6ntQIGWZAFVzIRWccxmzNpZ-IrCF3ORdAyHEGrjmKFG6qD7fi5beeaosbahNC79N9fIZpDZNo-FU20acHzoudjN24Az0kNZWZwqZGGXFkkLLRKnofKiI9DxzU4s32bP0uki4Uv-qshtIhJ1CqIXN6PolflQ/s2500/143Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGBEVWUhQxndw3wYPQoPCi58xC_WPLQR0q6ntQIGWZAFVzIRWccxmzNpZ-IrCF3ORdAyHEGrjmKFG6qD7fi5beeaosbahNC79N9fIZpDZNo-FU20acHzoudjN24Az0kNZWZwqZGGXFkkLLRKnofKiI9DxzU4s32bP0uki4Uv-qshtIhJ1CqIXN6PolflQ/w400-h300/143Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards his targets in the $10,000 - $15,000 range per ounce. </span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We can expect in the coming months that next will be new all-time highs for Gold following this breakout which opens the road to climb to new record prices of $2,500, $5,000 and over $10,000 per ounce of Gold.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html" style="color: #6699cc; text-decoration: none;"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/s2500/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/w400-h300/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;"><span style="font-family: inherit;">The US National Debt has exceeded $34 Trillion dollars and is unsustainable. The ability to continue paying interest and increase this debt depends on the faith in the value of the US Dollar and appetite for US Treasuries.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/s2500/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/w400-h300/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;"><span style="font-family: inherit;">After a very brief "deleveraging", the global financial system is back to increasing debt-to-GDP ratio. Total Global Debt stock is at a record $313 Trillion dollars.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html" style="color: #6699cc; text-decoration: none;"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBEedZK9UCIHpGpZLE-oLXYK6-9uuOLEy52PoNM5AmVYGLDq4_kOlDhcwFJWR2eXHPCJcSrGEenw6Vjlh79gyPbwmV9OR42ceyvdFpzH95pN3jVZj1hXjj2eSHJ2QDidBLpH1b-BqoKF59B_DSL7qul-x7t65HZqVn26NKQVWtQtgFeSzODTL22dBG98/s700/TNR%20Gold%20NW%20HT%2012.03.2024.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="603" data-original-width="700" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBEedZK9UCIHpGpZLE-oLXYK6-9uuOLEy52PoNM5AmVYGLDq4_kOlDhcwFJWR2eXHPCJcSrGEenw6Vjlh79gyPbwmV9OR42ceyvdFpzH95pN3jVZj1hXjj2eSHJ2QDidBLpH1b-BqoKF59B_DSL7qul-x7t65HZqVn26NKQVWtQtgFeSzODTL22dBG98/w400-h345/TNR%20Gold%20NW%20HT%2012.03.2024.png" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="text-align: justify;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="font-size: 14.85px; text-align: start;" /><blockquote style="text-align: justify;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div><span style="font-family: inherit;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/w400-h300/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><blockquote style="text-align: start;"><span style="font-family: inherit;">"<b>High gold price reflects strong demand</b></span></blockquote><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.</span></div></blockquote><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (<b>World Gold Council, 31 January 2024)</b></span></div></blockquote></div></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiORqJ6pj9lpcQmU21Q9aFn_MVMITqan25qipEvRH3ivxDnTc_PUprhEYWFncSDrEISRl7aCCj9l3zveiLMQvb7z7NnVKUwTJByPEeVfNRDwmHSuXIK7Pqk4sW49OP0cnw_zEy093BVq432jhGZ-oPBf3ALiq61gsAVseJ_KIpI_peUFLBqMcYOnoz2-80/s2500/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiORqJ6pj9lpcQmU21Q9aFn_MVMITqan25qipEvRH3ivxDnTc_PUprhEYWFncSDrEISRl7aCCj9l3zveiLMQvb7z7NnVKUwTJByPEeVfNRDwmHSuXIK7Pqk4sW49OP0cnw_zEy093BVq432jhGZ-oPBf3ALiq61gsAVseJ_KIpI_peUFLBqMcYOnoz2-80/w400-h300/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div><span style="font-family: inherit;">China continued to accumulate Gold and reported a jump in reserves.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">The whole world will probably be shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div style="text-align: start;"><br style="font-size: 14.85px;" /><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="clear: both;"><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We have The Peak Gold Supply in place, which will drive the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and they will have to start looking more aggressively for new major Gold projects.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both; text-align: justify;"><blockquote style="text-align: start;"></blockquote></div></div></div></div></div></div><div style="text-align: center;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><div style="text-align: start;"><div class="separator" style="clear: both;"><div style="text-align: center;"><div class="separator" style="clear: both; text-align: justify;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://tnrgoldcorp.com/projects/shotgun-gold-alaska/" style="color: #6699cc; text-decoration: none;">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p></p><blockquote><p style="text-align: justify;"></p></blockquote></blockquote><p style="text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div style="text-align: justify;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b><span style="font-family: inherit;">Kirill Klip, Executive Chairman</span></b></p><p style="text-align: right;"><b><span style="font-family: inherit;">TNR Gold Corp.</span></b></p></div></blockquote></div></div></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></p><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><div style="font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px;"><br /></div></b></div></div></div></div></div></div><div class="post-body entry-content" id="post-body-1573991445138335660" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="post-body entry-content" id="post-body-4398720691491795643" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="clear: both;"><div style="text-align: center;"><div style="margin-bottom: 5px;"><div style="text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-size: 14.85px;"></div></b></div></div></div></div></div></div><div class="post-body entry-content" id="post-body-6370653582911669318" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="text-align: justify;"><div class="post-body entry-content" id="post-body-1573991445138335660" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="clear: both; text-align: center;"><div class="post-body entry-content" id="post-body-4398720691491795643" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div><div class="separator" style="clear: both;"><div style="text-align: center;"><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><br /></h3><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-weight: 400;"><span style="font-family: inherit;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-weight: 400;"><span style="font-family: inherit;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. <o:p></o:p></span></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></span></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Thank you for your support of TNR Gold!<o:p></o:p></span></span></p><p style="font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold. <o:p></o:p></span></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></div></div></div></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-59206750106231546902024-03-14T05:03:00.000-07:002024-03-14T05:03:52.648-07:00TNR Gold Executive Chairman Highlights Promising Assays from Los Azules Copper Project<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyjdiPkG9ZCIjM6mIuZFL13dahume-4pvamZxevTyyWfmR3MwuKdPR-X_SsJ4PO63SQSbq-o4RJL_2FCq9ez6kWo97g6Bcbxygey2_G6OUqEouZeJmsyqo2guyWFdXFOGcUH53Z549A8z3r5xNPR22UYNS8-4zkZ4mL-UrJ1gvaTjFAOcmPLWDumR2vGU/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyjdiPkG9ZCIjM6mIuZFL13dahume-4pvamZxevTyyWfmR3MwuKdPR-X_SsJ4PO63SQSbq-o4RJL_2FCq9ez6kWo97g6Bcbxygey2_G6OUqEouZeJmsyqo2guyWFdXFOGcUH53Z549A8z3r5xNPR22UYNS8-4zkZ4mL-UrJ1gvaTjFAOcmPLWDumR2vGU/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><div style="text-align: center;"><br /></div><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“<a href="https://kirillklip.blogspot.com/2024/03/tnr-gold-reports-significant-progress.html" style="color: #6699cc; text-decoration: none;"><b>We are pleased that significant developments on the advancement of the Los Azules Copper Project</b></a> towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. </p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/hu2PZordzBk?si=xsofHuaQAUcPfW4m" title="YouTube video player" width="560"></iframe></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTIPBr-bSjN0IQ5tOohYUmjW8VpGGyxW6j5VtYByFEv4LwsoRBFxTRvpppUmEnrOj6DM62XM5BScMkwCpU_Yb6QKZH6vkg10CNE8NSFXQYMPbcbhhkS_6qtqTeglP5J19IQDhiHJEWZrkcNQ4t_i8Rg3OHCUVeBOAF8XbT4DE2ROqVCqZI77N4evEq9WU/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTIPBr-bSjN0IQ5tOohYUmjW8VpGGyxW6j5VtYByFEv4LwsoRBFxTRvpppUmEnrOj6DM62XM5BScMkwCpU_Yb6QKZH6vkg10CNE8NSFXQYMPbcbhhkS_6qtqTeglP5J19IQDhiHJEWZrkcNQ4t_i8Rg3OHCUVeBOAF8XbT4DE2ROqVCqZI77N4evEq9WU/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq2YTE6R0heAEH0QK81g-TlDBGokZvjvwtd-4933x1h9AFea71MhyJpjWgexkpxGQsf58X_7cZo67OaPnS2ZwRyF4VMct1JPl34BRRSQxZYEbJfFNUDAA7WndMX1vF0E-jConxB94kHhwzuRnMHJiy8mR_3uu0YawgE2bo_WHdasc_VNpeels6GF0gS40/s2500/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq2YTE6R0heAEH0QK81g-TlDBGokZvjvwtd-4933x1h9AFea71MhyJpjWgexkpxGQsf58X_7cZo67OaPnS2ZwRyF4VMct1JPl34BRRSQxZYEbJfFNUDAA7WndMX1vF0E-jConxB94kHhwzuRnMHJiy8mR_3uu0YawgE2bo_WHdasc_VNpeels6GF0gS40/w400-h300/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuOACLP2hN5WDUA5Ru3IZ4HpgABPHn-p3tquUmLW8uLhUkl4x45OjOdlD8NAhx_M008GMeJH0XZEzu_Fi2JKp_D-pAuJrybRhehC0t_YMNhAenhWyMMRVTSekDvocPfesJSAD-tDXmDFuFF-wimhytMpH1PAEpWU-Yp_FIqE7M0h35G6QYtD3xve5NEq4/s1280/Argentina%20President%20Milei%202.02.2024.webp" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuOACLP2hN5WDUA5Ru3IZ4HpgABPHn-p3tquUmLW8uLhUkl4x45OjOdlD8NAhx_M008GMeJH0XZEzu_Fi2JKp_D-pAuJrybRhehC0t_YMNhAenhWyMMRVTSekDvocPfesJSAD-tDXmDFuFF-wimhytMpH1PAEpWU-Yp_FIqE7M0h35G6QYtD3xve5NEq4/w400-h225/Argentina%20President%20Milei%202.02.2024.webp" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“The new president of Argentina introduced important government policies aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo-mEExiW1MIEafjUPUUry6IiuivI1FuNU29ga4SNSPSQosPTR_yk-hgNbEjUSel4zOd3VA1BRDhWivis5V_Gv6vWF69xkmMTW8kkNzHtDffPkcniZmDmYsv_qeBTj7W9wJG7s8G6t5J04yCluhnrdSXcQhMS7E6y_Oum6hyyMKH_qHpfDw7HZALi-9BA/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo-mEExiW1MIEafjUPUUry6IiuivI1FuNU29ga4SNSPSQosPTR_yk-hgNbEjUSel4zOd3VA1BRDhWivis5V_Gv6vWF69xkmMTW8kkNzHtDffPkcniZmDmYsv_qeBTj7W9wJG7s8G6t5J04yCluhnrdSXcQhMS7E6y_Oum6hyyMKH_qHpfDw7HZALi-9BA/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Strong team performance of McEwen Copper is accelerating the advance of Los Azules Project towards completing a feasibility study. <a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;"><b>The Los Azules Project PEA</b></a> results highlighted the potential to create a very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly. These assay results not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc4fbgBLov_0lolpG8SntZLlZIhgRN6k2tyryDel1CTmveeLKerlSp7ZjvH1Lg_fgYaU7_LxH7TjmS_hnJGVNAB1dvwaKpe2c-otcmnjWauL4-PPJC98KdNCyjneIeXBDo_5ia_ANuSONb2tE2nRkRp-hFWCjMFFS4K5M5avhIqwXAbJoM4UVbXCH_k3E/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc4fbgBLov_0lolpG8SntZLlZIhgRN6k2tyryDel1CTmveeLKerlSp7ZjvH1Lg_fgYaU7_LxH7TjmS_hnJGVNAB1dvwaKpe2c-otcmnjWauL4-PPJC98KdNCyjneIeXBDo_5ia_ANuSONb2tE2nRkRp-hFWCjMFFS4K5M5avhIqwXAbJoM4UVbXCH_k3E/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIy9-PSnmc_xkXrPA0tvkSNMetcQzFyWJUN2NtBEewPxMkyqro-A_8aMjgfuGV2gyrOnpqDnf0J_ukFkeHLTBunbGHuAQw7OzmWPKGtCUa38zWUKUeBobFh9TXF0n2sSkYi38biFhXeGId00OJEq3NSgWCwNpH5jpqwzew0_yZhgUkR4sjQA28SOwTG1c/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIy9-PSnmc_xkXrPA0tvkSNMetcQzFyWJUN2NtBEewPxMkyqro-A_8aMjgfuGV2gyrOnpqDnf0J_ukFkeHLTBunbGHuAQw7OzmWPKGtCUa38zWUKUeBobFh9TXF0n2sSkYi38biFhXeGId00OJEq3NSgWCwNpH5jpqwzew0_yZhgUkR4sjQA28SOwTG1c/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div></div></div></div></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;" /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIddmXF9pWdP5WWZBSxE4GKdzBAkIpweXDP7qh_BgoYsttgVrXgTHccVHsZEiZHf8r_-DasxzEwaGyj5cAszd7KMXy6xNx-mB4CPu3Scofh8fmCmvR57wDFbHAPIY6u-_yZwLuulSpmZacs010Q2x-d08BfSsTKHL0kxgz7mCxelUizBVDxo4PiirFLxE/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIddmXF9pWdP5WWZBSxE4GKdzBAkIpweXDP7qh_BgoYsttgVrXgTHccVHsZEiZHf8r_-DasxzEwaGyj5cAszd7KMXy6xNx-mB4CPu3Scofh8fmCmvR57wDFbHAPIY6u-_yZwLuulSpmZacs010Q2x-d08BfSsTKHL0kxgz7mCxelUizBVDxo4PiirFLxE/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="text-align: center;"></p><div><b>TNR Gold:</b></div><div><br /></div><p style="text-align: start;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><div><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin: 0.67em 0px; position: relative; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold NSR Royalty Update – Los Azules </strong><strong style="box-sizing: border-box;">Copper, Gold and Silver Project – McEwen Copper Updates on Assay Results at Los Azules</strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">Vancouver, British Columbia – March 5, 2023: <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that McEwen Mining Inc. (“<strong style="box-sizing: border-box;">McEwen Mining</strong>”) has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (“<strong style="box-sizing: border-box;">NSR Royalty</strong>”) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. (“<strong style="box-sizing: border-box;">McEwen Copper</strong>”), a subsidiary of McEwen Mining.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAnrcLBTo-DUy06RxEXIKuaQ43bW5Qjh1JvAXHhQxvUYZmuCe0Q9JPffgZs6OeBllkrMEVZBEguVIALNAu91sJVjepBCwPItRa_4hnC1_TJcH_V-PUiRkekAJv-h0su4XvAC_LfFMxg8J1zwQ3eRvhH3qbah-7DtgiRNte4g1ONgYkSZvCiT4n6kXA9ao/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAnrcLBTo-DUy06RxEXIKuaQ43bW5Qjh1JvAXHhQxvUYZmuCe0Q9JPffgZs6OeBllkrMEVZBEguVIALNAu91sJVjepBCwPItRa_4hnC1_TJcH_V-PUiRkekAJv-h0su4XvAC_LfFMxg8J1zwQ3eRvhH3qbah-7DtgiRNte4g1ONgYkSZvCiT4n6kXA9ao/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The news release issued by McEwen Mining on February 26, 2024 stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Copper Inc</em></strong><em style="box-sizing: border-box;">., 47.7% owned by <strong style="box-sizing: border-box;">McEwen Mining Inc.</strong> is pleased to announce assay results from the final unreleased drill holes of the last season (2022-2023). The results from this period not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Remaining assays from the 2022-2023 season, highlights include:</em></strong></p><ul style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; line-height: 1.4; list-style: outside; margin: 0.5em 0px; padding: 0px 2.5em; text-align: start;"><li style="border: medium; box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.25em; padding: 0px;"><ul style="box-sizing: border-box; line-height: 1.4; list-style: outside; margin: 0.5em 0px; padding: 0px 2.5em;"><li style="border: medium; box-sizing: border-box; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">446 m </em></strong><em style="box-sizing: border-box;">of <b>0.</b><strong style="box-sizing: border-box;">63% Cu</strong>, including <strong style="box-sizing: border-box;">76 m </strong>of <strong style="box-sizing: border-box;">0.92% Cu </strong>(AZ23228MET)</em></li></ul></li></ul><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Selected Highlights:</em></strong></p><ul style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; line-height: 1.4; list-style: outside; margin: 0.5em 0px; padding: 0px 2.5em; text-align: start;"><li style="border: medium; box-sizing: border-box; list-style-type: none; margin: 0px 0px 0.25em; padding: 0px;"><ul style="box-sizing: border-box; line-height: 1.4; list-style: outside; margin: 0.5em 0px; padding: 0px 2.5em;"><li style="border: medium; box-sizing: border-box; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">205</strong>MET returned <strong style="box-sizing: border-box;">257 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">76% Cu </strong>within the Enriched zone.</em></li><li style="border: medium; box-sizing: border-box; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">228</strong>MET returned <strong style="box-sizing: border-box;">446 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">63% Cu</strong> in the Enriched zone, including <strong style="box-sizing: border-box;">76 m </strong>of<strong style="box-sizing: border-box;"> 0.92% Cu</strong>.</em></li><li style="border: medium; box-sizing: border-box; margin: 0px 0px 0.25em; padding: 0px; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">230</strong>MET returned <strong style="box-sizing: border-box;">250 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">68% C u</strong>in the Enriched zone, including <strong style="box-sizing: border-box;">192 m </strong>of<strong style="box-sizing: border-box;"> 0.83% Cu.</strong></em></li></ul></li></ul><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">The objective of the 2022-2023 drilling campaign was to collect information needed as the project advances towards the completion of a Feasibility Study in Q1 2025. Work continues during this field season (2023-2024) and includes resource drilling that will convert the initial 5-year pit resources to Measured and Indicated categories and will further upgrade resources from Inferred to Indicated. In addition to resource drilling, geotechnical, metallurgical, hydrogeological, exploration, and condemnation drilling are also being performed.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">With the closing in October 2023 of a US$10.0 million investment by Nuton, a Rio Tinto venture, and the ARS $42 billion investment by Stellantis, the Los Azules Project is fully funded for the 2023-2024 drilling campaign. McEwen Copper is currently seeking funding to support feasibility-level engineering and pre-construction work. Another record-setting drill season is underway at Los Azules with over 62,000 meters of drilling, of which 43,000 meters have been completed to date.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">“Argentina’s new president is taking important initiatives to unlock the country’s potential to become a significant supplier of critical minerals to the world, to combat climate change and at the same time strengthening the economy,”</em></strong><em style="box-sizing: border-box;"> said Rob McEwen, Chairman and Chief Owner.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;"> </em></strong><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">“McEwen Copper’s Los Azules project is progressing at light speed towards completing a feasibility study by Q1 2025 and it has already delivered significant economic benefits to the neighbouring communities. It is a very large copper resource, where recent exploration drilling suggests it definitely has room to grow,” </em></strong><em style="box-sizing: border-box;">said Michael Meding, Vice President and General Manager of McEwen Copper.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhObZATYhZMrdq29Lg8oKp0Yi47JQLYK5wtI16zZAF5yZe1e0oHVYsYtVPVoQSDucK9eB3NfKTKIGj8FsFKpCJDCz0HBOrnCz2IMoTbknHac1x0wbFDN3mOrzk-6gi-5wvq_s-UoGKVzhZXOvLv1B6-SuyuPxUXJMioBB9Zug0L1LfDTs00v0ZpZ5UsR-s/s1998/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%201%20Screenshot%202024-03-07%20at%2013.19.59.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1442" data-original-width="1998" height="462" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhObZATYhZMrdq29Lg8oKp0Yi47JQLYK5wtI16zZAF5yZe1e0oHVYsYtVPVoQSDucK9eB3NfKTKIGj8FsFKpCJDCz0HBOrnCz2IMoTbknHac1x0wbFDN3mOrzk-6gi-5wvq_s-UoGKVzhZXOvLv1B6-SuyuPxUXJMioBB9Zug0L1LfDTs00v0ZpZ5UsR-s/w640-h462/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%201%20Screenshot%202024-03-07%20at%2013.19.59.png" style="border: medium; position: relative;" width="640" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_v0aL6zt0Tw1FhQw_c9f_SCOMMB2QXQkOeJRv2v8HG7_W4Y-rnJtPKkUV8FtoMuBEarIHzQbcE1fMVS-5xz3TgEGVbuqVFGg0JQR_HLUAq3QbAdHfMCXttxzo87SMa6Kh4qJmBqXrB1EzKX6mCMTIiiW73ub4YtLDQ8v4SKGknYw36x5Kdp_wkSa_4pA/s2052/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%202%20Screenshot%202024-03-07%20at%2013.20.26.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1478" data-original-width="2052" height="461" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_v0aL6zt0Tw1FhQw_c9f_SCOMMB2QXQkOeJRv2v8HG7_W4Y-rnJtPKkUV8FtoMuBEarIHzQbcE1fMVS-5xz3TgEGVbuqVFGg0JQR_HLUAq3QbAdHfMCXttxzo87SMa6Kh4qJmBqXrB1EzKX6mCMTIiiW73ub4YtLDQ8v4SKGknYw36x5Kdp_wkSa_4pA/w640-h461/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%202%20Screenshot%202024-03-07%20at%2013.20.26.png" style="border: medium; position: relative;" width="640" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">Results are summarized in three schematic cross sections (<strong style="box-sizing: border-box;">Figures 2, 3, </strong>and<strong style="box-sizing: border-box;"> 4</strong>), which include simplified interpretations of the Overburden, Leached, Enriched and Primary zones. The Enriched mineral zone refers to a copper deposit enriched by precipitation-derived water circulation that carries copper minerals downward through the rocks to accumulate in a thick, often horizontal “blanket”. Immediately above the Enriched zone is the Leached zone, from which copper was removed and transported. Weathering and oxidation often contribute to this process. Below the Enriched zone, the Primary (or Hypogene) zone is formed by ascending copper-rich thermal fluids, originating from a much deeper magmatic source. The green line indicates the pit floor of the 30-year pit shell from the 2023 NI 43-101 Preliminary Economic Assessment (PEA).</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1</em></strong><em style="box-sizing: border-box;"> presents a plan view of the location of three sections and the holes reported. Adjacent cross sections are located 50 m apart from each other, starting with the lowest numbered section at the south end of the deposit and progressing to the north.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1 </em></strong><em style="box-sizing: border-box;">– Plan View Location of Cross-sections and Drill Holes in the Deposit</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2467" decoding="async" fetchpriority="high" height="627" sizes="(max-width: 839px) 100vw, 839px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-200x150.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-300x224.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-400x299.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-600x449.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-768x574.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-800x598.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-1024x766.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png 1151w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="839" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 </em></strong><em style="box-sizing: border-box;">displays an intercept of <strong style="box-sizing: border-box;">446 m</strong> grading <strong style="box-sizing: border-box;">0.63% Cu </strong>(AZ23228MET) and includes <strong style="box-sizing: border-box;">76 m</strong> grading <strong style="box-sizing: border-box;">0.92% Cu </strong>within the Enriched zone. This hole extends higher-grade mineralization further to the west within the Enriched zone.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 –</em></strong><em style="box-sizing: border-box;"> Section 47 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2470" decoding="async" height="447" sizes="(max-width: 840px) 100vw, 840px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-200x106.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-300x160.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-400x213.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-600x319.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-768x409.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-800x426.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1024x545.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1200x638.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1536x817.png 1536w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png 1545w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="840" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 </em></strong><em style="box-sizing: border-box;">highlights a <strong style="box-sizing: border-box;">257 m</strong> interval grading <strong style="box-sizing: border-box;">0.76% Cu </strong>(AZ23205MET). Both this hole and hole AZ23199MET (<strong style="box-sizing: border-box;">171 m</strong> grading <strong style="box-sizing: border-box;">0.80%</strong> Cu) directly to the west confirm the continuity and grade of the Enriched zone on this section.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 –</em></strong><em style="box-sizing: border-box;"> Section 31 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2469" decoding="async" height="485" sizes="(max-width: 840px) 100vw, 840px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-200x115.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-300x173.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-400x231.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-600x346.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-768x443.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-800x461.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-1024x590.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-1200x692.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png 1422w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="840" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 4</em></strong><em style="box-sizing: border-box;"> presents an intercept of <strong style="box-sizing: border-box;">250.0 m </strong>of <strong style="box-sizing: border-box;">0.68% Cu</strong> in hole AZ23230MET. This hole validates mineralization in the center of this section. Hole AZ23210MET displays an intercept of <strong style="box-sizing: border-box;">242.0</strong> <strong style="box-sizing: border-box;">m</strong> of <strong style="box-sizing: border-box;">0.73% Cu</strong> and extends higher grade mineralization in the Enriched zone to the east. Hole GTK2316 contains an intercept of <strong style="box-sizing: border-box;">225.1 m</strong> of <strong style="box-sizing: border-box;">0.38% Cu</strong>. These three new holes validate the continuity and strength of mineralization on this section.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 4 –</em></strong><em style="box-sizing: border-box;"> Section 30 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2468" decoding="async" height="472" sizes="(max-width: 841px) 100vw, 841px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-200x112.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-300x168.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-400x225.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-600x337.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-768x431.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-800x449.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-1024x575.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-1200x674.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png 1380w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="841" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"> </p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Technical information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">The technical content of this press release has been reviewed and approved by Darren King, Director of Exploration of McEwen Copper, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">All samples were collected in accordance with generally accepted industry standards. Drill core samples, usually taken at 2 m intervals, were split and submitted to the Alex Stewart International laboratory located in the Province of Mendoza, Argentina, for the following assays: gold determination using fire fusion assay and an atomic absorption spectroscopy finish (Au4-30); a 39 multi-element suite using ICP-OES analysis (ICP-AR 39); copper content determination using a sequential copper analysis (Cu-Sequential LMC-140). An additional 19-element analysis (ICP-ORE) was performed for samples with high sulphide content and that exceeded the limits of the ICP-OES analysis.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">The company conducts a Quality Assurance/Quality Control program in accordance with NI 43-101 and industry best practices, using a combination of standards and blanks on approximately one out of every 25 samples. Results are monitored as final certificates are received, and any re-assay requests are sent back immediately. Pulp and preparation sample analyses are also performed as part of the QAQC process. Approximately 5% of the sample pulps are sent to a secondary laboratory for control purposes. In addition, the laboratory performs its own internal QAQC checks, with results made available on certificates for Company review.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Table 2</em></strong><em style="box-sizing: border-box;"> – Hole Locations and Lengths for Los Azules Drilling Results</em></p><table style="border-collapse: collapse; border-spacing: 0px; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; font-variant-caps: normal; max-width: 100%; text-align: justify; width: 0px;"><tbody style="box-sizing: border-box;"><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96"><strong style="box-sizing: border-box;">HOLE-ID</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77"><strong style="box-sizing: border-box;">Azimuth</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79"><strong style="box-sizing: border-box;">Dip</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90"><strong style="box-sizing: border-box;">Length</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90"><strong style="box-sizing: border-box;">Loc X</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96"><strong style="box-sizing: border-box;">Loc Y</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72"><strong style="box-sizing: border-box;">Loc Z</strong></td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23199MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-67</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">271.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383430</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558947</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3659</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23226AMET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-77</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">275.3</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383311</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559016</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3656</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23228MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-60</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">616.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2382837</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559585</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3625</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23229MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">262.4</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2382846</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559746</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3616</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23230MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-73</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">438.2</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383344</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558864</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23232MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">45</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">464.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383226</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559780</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3632</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2315MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">38</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">521.2</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383192</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559976</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3639</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2316MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-78</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">319.1</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383348</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558863</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2317MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">90</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">326.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383561</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558835</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3665</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23200MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">90</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">394.5</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383467</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559120</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3657</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23204MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-76</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">312</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383292</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559323</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3643</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23205MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-74</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">374.7</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383504</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558973</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3660</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23210MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-76</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">415</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383533</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558930</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23223MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">66</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-73</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">376</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383253</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558932</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3670</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23227MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-79</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">334</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383305</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559059</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3654</td></tr><tr style="box-sizing: border-box;"><td colspan="7" style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="600">Coordinates listed in Table 2 based on Gauss Kruger – POSGAR 94 Zone 2</td></tr></tbody></table><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"> </p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN COPPER</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">McEwen Copper is a well-funded, private company which owns 100% of the large, advanced-stage Los Azules copper project, located in the San Juan province, Argentina. McEwen Copper is a 47.7% owned private subsidiary of McEwen Mining, which is listed on NYSE and TSX under the ticker MUX.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">Los Azules is being designed to be distinctly different from conventional copper mines, consuming significantly less water, emitting much lower carbon levels and progressing to be carbon neutral by 2038, being powered by 100% renewable energy once in operation. The project’s recently updated Preliminary Economic Assessment (PEA) projects a long life of mine, a short payback period, low production costs per pound, high annual copper production, and an after-tax IRR of 21.1%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN MINING</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;">McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. McEwen Mining also holds a 47.7% interest in McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, Chairman and Chief Owner, has a personal investment in the company of US$220 million. His annual salary is US$1.</em><em style="box-sizing: border-box;">”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCVTRoFa1pXX6dmsTidQjj6_WRnkn7diaFnaw4WY_Nsvwi-LKxg9qVhvQPVkhbNIWd9f4y0yNtOwMUKxC-Eewbn7sCiLzfJknYgVTHeHc5lhDHtVZSNgI0EMTeKoF0CX855KXefKLu4CD6aiy_nDjfTgRuDG84xYlJF4NXv05c9osuU36Ida3iaP-t4xA/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCVTRoFa1pXX6dmsTidQjj6_WRnkn7diaFnaw4WY_Nsvwi-LKxg9qVhvQPVkhbNIWd9f4y0yNtOwMUKxC-Eewbn7sCiLzfJknYgVTHeHc5lhDHtVZSNgI0EMTeKoF0CX855KXefKLu4CD6aiy_nDjfTgRuDG84xYlJF4NXv05c9osuU36Ida3iaP-t4xA/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“The new president of Argentina introduced important government policies aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Strong team performance of McEwen Copper is accelerating the advance of Los Azules Project towards completing a feasibility study. The Los Azules Project PEA results highlighted the potential to create a very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly. These assay results not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxrElCb0nZe2hP9cKNXcpdvJ6wamB0_0MZ1kUFllcvvs291gHkpGIGLD8maSc78yi3iCik9b0QT3q8-x8R7nsVobmY6MGV7v3jDOu8ij9h1yTS5_xKdmmUOeNjooLqfutG8b1CNZCRXuZeNiflDNGiy2C1udjinjlkC0kl78yxbCdlTwQ84UYqgRVlF4/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxrElCb0nZe2hP9cKNXcpdvJ6wamB0_0MZ1kUFllcvvs291gHkpGIGLD8maSc78yi3iCik9b0QT3q8-x8R7nsVobmY6MGV7v3jDOu8ij9h1yTS5_xKdmmUOeNjooLqfutG8b1CNZCRXuZeNiflDNGiy2C1udjinjlkC0kl78yxbCdlTwQ84UYqgRVlF4/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; position: relative; text-transform: uppercase;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">ABOUT TNR GOLD CORP.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">Kirill Klip</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">Executive Chairman</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"> </strong>www.tnrgoldcorp.com</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"><br /></em></p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8RH-IpObj2LWYq1U-1gd5Z-jMNK6HW_ZYnurwjqcTw6wStC2jHGdyic9YqlclEAIquED6WRrulzI1T1ARzre1qQ0xvUPOuLURksyuxD32rPkF0ydtB1ZSh1KTLTVs-cQ3V44zpOodTGA_VrPhlzDc8EdEtkXE0AyfIaEc7neSPvQs_sJM31X2yK6rBLw/s3333/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8RH-IpObj2LWYq1U-1gd5Z-jMNK6HW_ZYnurwjqcTw6wStC2jHGdyic9YqlclEAIquED6WRrulzI1T1ARzre1qQ0xvUPOuLURksyuxD32rPkF0ydtB1ZSh1KTLTVs-cQ3V44zpOodTGA_VrPhlzDc8EdEtkXE0AyfIaEc7neSPvQs_sJM31X2yK6rBLw/w400-h225/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div></div><div style="text-align: center;"><br /></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-63706535829116693182024-03-10T01:12:00.000-08:002024-03-12T06:38:49.257-07:00Gold Made a New All-Time High at $2,179 Following the Highest Monthly, Quarterly and Yearly Close in History at $2,063 - Next is a Climb to $2,500, $5,000 and Over $10,000<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0kPtArrYnKbusw4QmVrJsgpZJb96chcupsVrDkPamN4XG5kNk1-z98PR4rCrH8oZjNzeeN-wkG-5F4SCn0-9LQaxM3xddFyT3GxGfQXgXW5eLikGzAz44L9-B5MciWsX2HCL_ZqDBsvHVsHqKrkhI9_VFegzs7_g1smj49jaq7p8yrqlbDFhj-B2yDAU/s2500/144Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0kPtArrYnKbusw4QmVrJsgpZJb96chcupsVrDkPamN4XG5kNk1-z98PR4rCrH8oZjNzeeN-wkG-5F4SCn0-9LQaxM3xddFyT3GxGfQXgXW5eLikGzAz44L9-B5MciWsX2HCL_ZqDBsvHVsHqKrkhI9_VFegzs7_g1smj49jaq7p8yrqlbDFhj-B2yDAU/w400-h300/144Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></p><div style="caret-color: rgb(51, 51, 51); text-align: justify;"><span style="color: #333333; font-family: inherit;">Gold surged to a new all-time high at $2,179 on March 8, 2024. It is very important that Gold exploded breaking out from this giant "Cup and Handle" to new highs rising all week. Now we have a confirmed breakout with magnificent "Super White Soldiers" - back-to-back all-time highs: </span><span style="color: #333333;">$2,160 on March 7, $2,148 on March 6, <a href="https://kirillklip.blogspot.com/2024/03/gold-made-new-all-time-high-at-2128.html"><b>$2,128 on March 5</b></a>, </span><span style="color: #333333; font-family: inherit;">$2,115 on March 4 and </span><span style="font-family: inherit; text-decoration: none;">$2,083 on March 1, 2024. These ATHs are</span><span style="color: #333333; font-family: inherit;"> following the highest monthly, quarterly and yearly close in history at $2,063 smashed by the end of 2023. </span><a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html" style="color: #6699cc; font-family: inherit; text-decoration: none;"><b>The previous all-time high at $2,080 was made by Gold on December 27, 2023.</b></a><span style="color: #333333; font-family: inherit;"> </span></div><div style="caret-color: rgb(51, 51, 51); text-align: justify;"><span style="color: #333333; font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_0Y46NvfWOaxppcYQ7QIzaEvDxSdd3sUvhQyXeXd5-9UyYKzAP_fkk11m129kLqOcMkj8_UHKLRujxJA3oRCBc0HdqLXd0MPA2xcXEH6pTxX-A8SbWLtCIrXFJeXy7ASAYZ7TRnJxfhVxFSKidCziJTBurJrKpKN5l5E5v32a_OneuPn36nRaThU0HQ/s1313/Barrons%20Market%20Top%20Gold%20March%202024%2010.03.2024.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1313" data-original-width="1280" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEht_0Y46NvfWOaxppcYQ7QIzaEvDxSdd3sUvhQyXeXd5-9UyYKzAP_fkk11m129kLqOcMkj8_UHKLRujxJA3oRCBc0HdqLXd0MPA2xcXEH6pTxX-A8SbWLtCIrXFJeXy7ASAYZ7TRnJxfhVxFSKidCziJTBurJrKpKN5l5E5v32a_OneuPn36nRaThU0HQ/w390-h400/Barrons%20Market%20Top%20Gold%20March%202024%2010.03.2024.jpeg" width="390" /></a></div><div style="caret-color: rgb(51, 51, 51); text-align: center;"><br /></div><div style="text-align: justify;">Gold is sending a very loud and clear signal, that something is breaking up in the financial system. "Smart Money", China and Central Banks are buying Gold as real insurance from the coming crisis. Every insurance is only as good as the counterparty providing it. Who will be able to meet all claims in the end? Gold is nobody's obligation and has become "The Ultimate Hedge" for all portfolios constructed with bonds, equities and crypto.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBWzxGMUzNdPJfTNAn950WwgjL6BOocaSVoTVRFULK9U5Zp8lB7kZ3JGS5Mv3_bStz3om7ABU2wW5fXyykDO68v_-lZlUORqDwtVNrvlSl83XWgNNjKHsXTfzdIBcSMz6Y0K5qD4yKl5c2rl8Q7drCwxtIod5Wtm5XDBNM1RqmPkuiGUmYpM6IIrFsWw/s2500/142Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxBWzxGMUzNdPJfTNAn950WwgjL6BOocaSVoTVRFULK9U5Zp8lB7kZ3JGS5Mv3_bStz3om7ABU2wW5fXyykDO68v_-lZlUORqDwtVNrvlSl83XWgNNjKHsXTfzdIBcSMz6Y0K5qD4yKl5c2rl8Q7drCwxtIod5Wtm5XDBNM1RqmPkuiGUmYpM6IIrFsWw/w400-h300/142Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Barron's provides us with another indication that the "Irrational Exuberance" party of the general stock market can be over. "Smart Money" is rotating already into Gold, Real Hard Assets and Commodities. Gold miners are minting money now with expanded margins and still to recover and catch up with the rising Gold price. We have a perfect set-up for the new Gold Bull Market and Gold Miners and Gold Exploration Companies will be a major part of it for the rest of this decade.</div></div><div style="text-align: justify;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/s2500/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #33aaff; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/w400-h300/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.</span></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0zhTJywwKgSWofdbqbjUqgMYE8_kvV5Uprju8PY_6m_18NBa2jfEUVW2xAZ430hTs0E2KHOJUR_D1aySSY18poRxWDGhYG-gLYDQFYzG-bhl-aEMlCPDd8TyM63U066DXSrHvGwm6Jef6GQC04hyphenhyphen1yyjAyxZEyfIRbItbFeSWZ3mYzAHKPI4Hr8YgxU/s1280/Kirill%20Klip%20TNR%20Gold%20Ashraq%20Bloomberg%2027.03.2023%20Screen%20Shot%202023-03-27%20at%2022.48.45.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="718" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW0zhTJywwKgSWofdbqbjUqgMYE8_kvV5Uprju8PY_6m_18NBa2jfEUVW2xAZ430hTs0E2KHOJUR_D1aySSY18poRxWDGhYG-gLYDQFYzG-bhl-aEMlCPDd8TyM63U066DXSrHvGwm6Jef6GQC04hyphenhyphen1yyjAyxZEyfIRbItbFeSWZ3mYzAHKPI4Hr8YgxU/w400-h225/Kirill%20Klip%20TNR%20Gold%20Ashraq%20Bloomberg%2027.03.2023%20Screen%20Shot%202023-03-27%20at%2022.48.45.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. <a href="https://kirillklip.blogspot.com/2023/03/gold-hits-2010-will-central-banks-fomo.html"><b>Next is a climb to $2,500, $5,000 and over $10,000. </b></a></span></div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAuDu4nqdB6Xg5kahgTfOc5uHQYXDDo1Y4DRn2NEFj6g349bMBq73HbLroymifTWOX1rqRpxUC7G2VCpFGo-Ik-x03zPGD938jGeaFIoSOOuacrzu1AnGw0qf-8bGhbsArM9r5fFNHMPfV3MgFNq5v-Fj50invxAUnDXa9SxFKKSs58vVjPEHzCLx6I5M/s2500/143Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAuDu4nqdB6Xg5kahgTfOc5uHQYXDDo1Y4DRn2NEFj6g349bMBq73HbLroymifTWOX1rqRpxUC7G2VCpFGo-Ik-x03zPGD938jGeaFIoSOOuacrzu1AnGw0qf-8bGhbsArM9r5fFNHMPfV3MgFNq5v-Fj50invxAUnDXa9SxFKKSs58vVjPEHzCLx6I5M/w400-h300/143Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards his targets in the $10,000 - $15,000 range per ounce. </span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We can expect in the coming months that next will be new all-time highs for Gold following this breakout which opens the road to climb to new record prices of $2,500, $5,000 and over $10,000 per ounce of Gold.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html" style="color: #6699cc; text-decoration: none;"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/s2500/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/w400-h300/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;"><span style="font-family: inherit;">The US National Debt has exceeded $34 Trillion dollars and is unsustainable. The ability to continue paying interest and increase this debt depends on the faith in the value of the US Dollar and appetite for US Treasuries.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/s2500/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/w400-h300/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;"><span style="font-family: inherit;">After a very brief "deleveraging", the global financial system is back to increasing debt-to-GDP ratio. Total Global Debt stock is at a record $313 Trillion dollars.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html" style="color: #6699cc; text-decoration: none;"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit; font-size: 14.85px;">"</span><span style="font-family: inherit;"><b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/s700/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="603" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/w400-h344/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="font-size: 14.85px; text-align: start;"> </span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="text-align: justify;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="font-size: 14.85px; text-align: start;" /><blockquote style="text-align: justify;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div><span style="font-family: inherit;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/w400-h300/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><blockquote style="text-align: start;"><span style="font-family: inherit;">"<b>High gold price reflects strong demand</b></span></blockquote><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.</span></div></blockquote><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (<b>World Gold Council, 31 January 2024)</b></span></div></blockquote></div></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiORqJ6pj9lpcQmU21Q9aFn_MVMITqan25qipEvRH3ivxDnTc_PUprhEYWFncSDrEISRl7aCCj9l3zveiLMQvb7z7NnVKUwTJByPEeVfNRDwmHSuXIK7Pqk4sW49OP0cnw_zEy093BVq432jhGZ-oPBf3ALiq61gsAVseJ_KIpI_peUFLBqMcYOnoz2-80/s2500/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiORqJ6pj9lpcQmU21Q9aFn_MVMITqan25qipEvRH3ivxDnTc_PUprhEYWFncSDrEISRl7aCCj9l3zveiLMQvb7z7NnVKUwTJByPEeVfNRDwmHSuXIK7Pqk4sW49OP0cnw_zEy093BVq432jhGZ-oPBf3ALiq61gsAVseJ_KIpI_peUFLBqMcYOnoz2-80/w400-h300/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div><span style="font-family: inherit;">China continued to accumulate Gold and reported a jump in reserves.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">The whole world will probably be shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div style="text-align: start;"><br style="font-size: 14.85px;" /><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="clear: both;"><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We have The Peak Gold Supply in place which will be driving the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and they will have to start looking more aggressively for new major Gold projects.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><div style="text-align: center;"><div class="separator" style="clear: both; text-align: justify;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://tnrgoldcorp.com/projects/shotgun-gold-alaska/" style="color: #6699cc; text-decoration: none;">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><blockquote style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><p style="text-align: justify;"></p></blockquote></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div style="text-align: justify;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b><span style="font-family: inherit;">Kirill Klip, Executive Chairman</span></b></p><p style="text-align: right;"><b><span style="font-family: inherit;">TNR Gold Corp.</span></b></p></div></blockquote></div></div></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></p><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><div style="font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px;"><br /></div></b></div></div></div></div></div></div><div class="post-body entry-content" id="post-body-1573991445138335660" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="clear: both; text-align: center;"><div class="post-body entry-content" id="post-body-4398720691491795643" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div><div class="separator" style="clear: both;"><div style="text-align: center;"><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><br /></h3><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-weight: 400;"><span style="font-family: inherit;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-weight: 400;"><span style="font-family: inherit;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. <o:p></o:p></span></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></span></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Thank you for your support of TNR Gold!<o:p></o:p></span></span></p><p style="font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold. <o:p></o:p></span></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-16870787993498488782024-03-09T08:55:00.000-08:002024-03-09T08:59:08.674-08:00TNR Gold Mariana Lithium NSR Royalty Partner: Ganfeng Lithium Confirms Its Commitment to Argentina and Expands Its Portfolio<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS6dexeA2LTD-2FGaW0f6EFz21axbHgD0wE8-MhPlKoM56kca47a96yxWmfwGWYvIyMllFq0lnwjRT1ZMcv9713r0THnnUqwXL726YIQk7s-dPGFDEm_UAwSORHlztw0k-nJyw9ZLcOw77R7SUUAYt4C-C-mtvVL5TptAglr9msTahN_8Jx0ctthVmQEM/s2500/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiS6dexeA2LTD-2FGaW0f6EFz21axbHgD0wE8-MhPlKoM56kca47a96yxWmfwGWYvIyMllFq0lnwjRT1ZMcv9713r0THnnUqwXL726YIQk7s-dPGFDEm_UAwSORHlztw0k-nJyw9ZLcOw77R7SUUAYt4C-C-mtvVL5TptAglr9msTahN_8Jx0ctthVmQEM/w400-h300/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><p style="text-align: justify;">We have another very significant confirmation of <a href="https://kirillklip.blogspot.com/2024/03/tnr-gold-nsr-royalty-update-los-azules.html"><b>the positive business environment in Argentina for TNR Gold royalty projects</b></a>. Today you can go over the main pieces of our analysis and find out why we are talking about <a href="https://kirillklip.blogspot.com/2024/02/tnr-gold-eyes-growth-with-strategic.html"><b>re-rating of market valuations of our assets</b></a>. Mariana Lithium is on track towards production later this year and Ganfeng Lithium is confirming its commitment to Argentina and expanding its portfolio:</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXSnc7D-VdqitteEgLRIk1mRNOR8K-qr9FAtA5EVH-6KNbZMB58LvxTPA4ElYya3m14eq0MOiu1ciK40EoTto9hmw8csaVymF86XSOM6nDriyqMxEUh2vKw-WrhEZgyFEuUj1j2Doq9Y5sBFJlAz1hyl32anqNXYUE3GufkHzf9oBpeOs0dtrInL5wkfM/s2500/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXSnc7D-VdqitteEgLRIk1mRNOR8K-qr9FAtA5EVH-6KNbZMB58LvxTPA4ElYya3m14eq0MOiu1ciK40EoTto9hmw8csaVymF86XSOM6nDriyqMxEUh2vKw-WrhEZgyFEuUj1j2Doq9Y5sBFJlAz1hyl32anqNXYUE3GufkHzf9oBpeOs0dtrInL5wkfM/w400-h300/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><blockquote><div style="text-align: justify;">"China’s Ganfeng Lithium will acquire a 15% stake in the Pastos Grandes lithium project in Argentina’s Salta province from Canada’s Lithium Americas for US$70mn, the Vancouver-based company said in a statement.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">In the same area, Ganfeng has interests in the Sal de la Puna, Pozuelos-Pastos Grandes and Caucharí-Olaroz lithium projects.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The Pasto Grandes deal is due to be completed in Q2 and Ganfeng will be able to acquire up to 50% in total under certain conditions.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">The agreement includes a commitment from both parties to undertake a development plan for the Pastos Grandes basin and test Ganfeng's direct lithium extraction technology to add to conventional evaporation methods that they plan to use at Pastos Grandes.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Ganfeng's Sal de la Puna project is being explored by its partner Arena Minerals, and is adjacent to Pozuelos-Pastos Grandes which is due to start production this year and ramp up to capacity of 25,000t/y lithium carbonate equivalent (LCE) within three years.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Pozuelos-Pastos Grandes will have a useful life of 25 years and is in the engineering development stage to begin construction this quarter.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Just 100km away in Jujuy province is Caucharí-Olaroz, which began production last year with a plan to reach 40,000t/y of LCE. It is operated by Minera Exar, jointly owned by Ganfeng Lithium, Lithium Argentina and provincial company JEMSE. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Also in Salta province, <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>Ganfeng is involved in the Mariana project</b></a> operated by Litio Minera Argentina in the Llullaillaco salt flat, which targets production of 20,000t/y of lithium chloride, and the Incahuasi exploration project in the likewise named salt flat.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Argentina is the fourth largest producer of lithium in the world. With the announced and injected investments, the so-called Argentine lithium triangle, which also includes Catamarca province, could export more than US$7bn starting in 2025, according to a report published by the Rosario Stock Exchange." (<b><a href="https://www.bnamericas.com/en/news/ganfeng-expanding-lithium-footprint-in-argentina">Bnamericas</a></b>)</div></blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI9XUgVzNk6c3hf9jJN1eicO70GHeiNYeTYRpLi8ZfF2XzCCGJRFlYFQiGwD3xc4OKbTlJNZbkxqVmz5eTVoW8MJa6e8_6Qwegk6aVvxZ_8lGuS6xvsVl7U5gchm4bchLXa4Ra-Du34Bf9DtLAhacZfq_v9PIj6xsK9PFuv_jORzYZnfX76x5Isgsqjrc/s1280/Argentina%20President%20Milei%202.02.2024.webp" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgI9XUgVzNk6c3hf9jJN1eicO70GHeiNYeTYRpLi8ZfF2XzCCGJRFlYFQiGwD3xc4OKbTlJNZbkxqVmz5eTVoW8MJa6e8_6Qwegk6aVvxZ_8lGuS6xvsVl7U5gchm4bchLXa4Ra-Du34Bf9DtLAhacZfq_v9PIj6xsK9PFuv_jORzYZnfX76x5Isgsqjrc/w400-h225/Argentina%20President%20Milei%202.02.2024.webp" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><blockquote style="text-align: justify;">“<a href="https://kirillklip.blogspot.com/2024/03/tnr-gold-nsr-royalty-update-los-azules.html"><b>The new president of Argentina introduced important government policies</b></a> aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities."</blockquote><p> </p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqRSKKIxVG34JqAoeEkbFV3ordV4AYwvRnVOIuasKd0dbygEShnwPhiDVD2WnVyN4m7jDgBqYohnbukaHXqg5d0gEHfLJwcETQ-S3t9zDEV_3cP5K4zcKqoojTXH28GZKFJIYIbyK-XE8xHbP1LtQVpMN6IFS5aFz2WGSn4bUrXs2qG3JD7ejoFl9JBSQ/s2500/293KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgqRSKKIxVG34JqAoeEkbFV3ordV4AYwvRnVOIuasKd0dbygEShnwPhiDVD2WnVyN4m7jDgBqYohnbukaHXqg5d0gEHfLJwcETQ-S3t9zDEV_3cP5K4zcKqoojTXH28GZKFJIYIbyK-XE8xHbP1LtQVpMN6IFS5aFz2WGSn4bUrXs2qG3JD7ejoFl9JBSQ/w400-h300/293KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><br /><div style="text-align: justify;"><blockquote> "<a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-building-green-energy-metals.html"><b>Stability has always been a mantra for our Company</b></a> - Solid Values in Uncertain Times. Be it fluctuating or stabilised lithium prices, these are royalty projects for keypoint critical metals under industry majors with no input needed; a simple fundamental win maker for shareholders: 1.35% NSR royalty on a major Mariana Lithium project that’s currently being developed by Chinese champion Ganfeng, 0.36% NSR royalty on the giant Los Azules copper project being worked up by McEwen Mining and 7% net profits royalty on Batidero I and II Properties of Josemaria copper project in Argentina under Lundin Mining." </blockquote><blockquote style="text-align: right;"><b><span style="font-size: medium;">(Konstantin Klip)</span></b></blockquote><p> </p></div><div><div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="color: #333333;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZhgYmW_CdBstNcPFjqQQu4wlny_147nLrdr7spN0KYsk93l6LV7KdDRO0jrw2JeCwJWY-cXF33TcfHg-QJG0nqDKD0h41Z7Oud3OP4tup9vlDSeRVtmEPML0CfBi4ykONOXcqfPhX2TxmPSB1U1hepPrzj_L6PIK6RWhA-SXXka6LFTqusO6Q3jA3Xys/s2500/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZhgYmW_CdBstNcPFjqQQu4wlny_147nLrdr7spN0KYsk93l6LV7KdDRO0jrw2JeCwJWY-cXF33TcfHg-QJG0nqDKD0h41Z7Oud3OP4tup9vlDSeRVtmEPML0CfBi4ykONOXcqfPhX2TxmPSB1U1hepPrzj_L6PIK6RWhA-SXXka6LFTqusO6Q3jA3Xys/w400-h300/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><br /></span><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-building-green-energy-metals.html"><b>In my opinion, Argentina’s new president Javier Milei represents a low risk</b></a> to domestic mining projects; the state’s provincial jurisdictional buffer will buffet any radical policies regarding Sino-affiliated projects, plus a goal of boosting national mineral exports keeps lithium and copper projects guarded." (<span style="font-size: medium;"><b>Konstantin Klip</b></span>)</blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI2MNg6rZA31iQikxGoYSL_G2CPsmtXuYP8HV55bcHOewUUIg66L_n2Skz4dcrGBnevKNuNoSHZxW9qPerLHS7d0VYCKogBXN2lp5pAOJ8X_Z_K2MMZEx8yRzgHHg6dYRdnjaZ8g6k6OGa5w54u_7jKK40Gf_3CwjCI8ZHyzPqF43hdpoU9frewpnQlyI/s2500/297KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhI2MNg6rZA31iQikxGoYSL_G2CPsmtXuYP8HV55bcHOewUUIg66L_n2Skz4dcrGBnevKNuNoSHZxW9qPerLHS7d0VYCKogBXN2lp5pAOJ8X_Z_K2MMZEx8yRzgHHg6dYRdnjaZ8g6k6OGa5w54u_7jKK40Gf_3CwjCI8ZHyzPqF43hdpoU9frewpnQlyI/w400-h300/297KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-mariana-lithium-nsr-royalty.html"><b>During the ongoing REE 2.0 Lithium price war Ganfeng is following</b></a> its main strategy by using the crash in the Lithium market as an opportunity to consolidate the supply chains. The main efforts of all major players are focused on securing new production capacity for the raw materials and increasing the market share through long-term supply contracts for OEMs, automakers and, increasingly, providers of Energy Storage Solutions among other Lithium battery makers."</blockquote><p> </p><p></p></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgceAsA3fiYZOe-Kmu_XbY5yuyXEoHMuiPrsSlFDDp0xcTNFrk1iqdYjpOjUz_hEHKx-aK1jfAzhTPqWb9kcn8LutTgWl3ivI_amqbx2V4cWRaACmCKbNmYswdadKkSGLTccFrGuOFOGEFkF6Ch0LPrraanECa_7WAysJSChlutwzXD36cOqGsR5g02yak/s2500/237KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgceAsA3fiYZOe-Kmu_XbY5yuyXEoHMuiPrsSlFDDp0xcTNFrk1iqdYjpOjUz_hEHKx-aK1jfAzhTPqWb9kcn8LutTgWl3ivI_amqbx2V4cWRaACmCKbNmYswdadKkSGLTccFrGuOFOGEFkF6Ch0LPrraanECa_7WAysJSChlutwzXD36cOqGsR5g02yak/w400-h300/237KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div><p></p><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html">TNR Gold Royalty Holding: Ganfeng's Mariana Lithium is on Track to Production in 2024</a></h3><div><br /></div><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZ2uBB0IwNC2cbYmq2K8g0i8_g6OBvupkKPxkPSProWBFxwtIQyMwWsibGRqFFQnClcESX0hESNzeXt-s5cpqyJVqXcLA5oyM_M7ut7QkdC0c5NtG1aJiI0X17HahrCtkqdU-FymUDS_ezSdxPUFPYXH2RwfmfhaT4RRgB9zTiZSnRT3xbBbhGmE-wfrI/s2500/294KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZ2uBB0IwNC2cbYmq2K8g0i8_g6OBvupkKPxkPSProWBFxwtIQyMwWsibGRqFFQnClcESX0hESNzeXt-s5cpqyJVqXcLA5oyM_M7ut7QkdC0c5NtG1aJiI0X17HahrCtkqdU-FymUDS_ezSdxPUFPYXH2RwfmfhaT4RRgB9zTiZSnRT3xbBbhGmE-wfrI/w400-h300/294KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;">We discussed with you that the best way to fight the FUD of Mr Market is <a href="https://kirillklip.blogspot.com/2023/09/royalty-stocks-fighting-fud-of-mr.html" style="color: #6699cc; text-decoration: none;"><b>the wave of M&A in the Lithium sector and, particularly, among Royalty companies</b></a>. Now TNR Gold is gliding towards my personal goals described in My Vision driven by <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html" style="color: #6699cc; text-decoration: none;"><b>the very strong interest among industry insiders</b></a> who really like our Company's assets. </div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiu41cWAbqWnH63clLk9HlRftbipCY-g1pwA_OxWrrTNpiZvzVXLQIrLDCElba65JU61uZotz28pSPyPHAqgPeEd3tZGwOBVWqFvhc_xHlB6bhIxxTlWTiVFTmNcdLc3OWd1lj6rG5tQ3RVqVqyohvcqjByC6NI9_rzh3kj_e5STm6bCUszvDfM0U6DNrQ/s700/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="603" data-original-width="700" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiu41cWAbqWnH63clLk9HlRftbipCY-g1pwA_OxWrrTNpiZvzVXLQIrLDCElba65JU61uZotz28pSPyPHAqgPeEd3tZGwOBVWqFvhc_xHlB6bhIxxTlWTiVFTmNcdLc3OWd1lj6rG5tQ3RVqVqyohvcqjByC6NI9_rzh3kj_e5STm6bCUszvDfM0U6DNrQ/w400-h345/TNR%20Gold%20NW%20HT%2012.02.2024.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;">Chart by Nicholas Winton</div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html" style="color: #6699cc; text-decoration: none;"><b>What do they see in TNR Gold</b></a> while the others are still overwhelmed by the ruthless Mr Market and the volatility of Lithium prices? Fundamental Research Corp. has issued its report on TNR Gold, now you can check <a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><b>My Vision</b></a> and <a href="https://tnrgoldcorp.com/analyst-coverage/" style="color: #6699cc; text-decoration: none;"><b>the independent view of the analysts covering our Company</b></a>.</div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW3H5rwphVwtcth4PbeuqwH3x_Q0Uu5ertMkS74uw2Gys0Vw-6DhspkJN2oB8UFg_OAM-q5K7IDrLjhbKR91VRoQph1Jo36Vrlv6mVJYE2rOzjr1KAe-TKUKZrfp7SkDfuRFb6hhufsnLipAwTF39TfK-tCUxEibwUrnvjpYLnnC-nyRTlee5OpnEQJe4/s1538/Lithium%20Royalty%20Corp%20IPO%20Prospectis%20FEbruary%2021,%202023%20Screen%20Shot%202023-03-05%20at%2009.44.33.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1319" data-original-width="1538" height="343" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjW3H5rwphVwtcth4PbeuqwH3x_Q0Uu5ertMkS74uw2Gys0Vw-6DhspkJN2oB8UFg_OAM-q5K7IDrLjhbKR91VRoQph1Jo36Vrlv6mVJYE2rOzjr1KAe-TKUKZrfp7SkDfuRFb6hhufsnLipAwTF39TfK-tCUxEibwUrnvjpYLnnC-nyRTlee5OpnEQJe4/w400-h343/Lithium%20Royalty%20Corp%20IPO%20Prospectis%20FEbruary%2021,%202023%20Screen%20Shot%202023-03-05%20at%2009.44.33.png" style="border: medium; position: relative;" width="400" /></a></div><p style="text-align: justify;"><br style="text-align: start;" /></p><div class="separator" style="clear: both; text-align: center;">Lithium Royalty Corp IPO Prospectus</div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both;"><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-mariana-lithium-royalty_22.html" style="color: #6699cc; text-decoration: none;"><b>For all TNR Gold shareholders</b></a>, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".</blockquote><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB2QAWkHnQFaEUo7gkG2n5IZbyb8kFtOKg7q2YrDuIyEMyX8r_Rap_7PCKm56lzmFMh2TfQ0dNVv7cxOe_xRpZ0Da2FrTC9ktG2veSvSUdZY5yPJMsCvZSDpMRsCIMp_hHVygUwQf3vmyQ0KFwU-8Js5hnoX04cwIs-72D9KzUL5vNL10DN3z21T-2/s1500/249KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20August%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgB2QAWkHnQFaEUo7gkG2n5IZbyb8kFtOKg7q2YrDuIyEMyX8r_Rap_7PCKm56lzmFMh2TfQ0dNVv7cxOe_xRpZ0Da2FrTC9ktG2veSvSUdZY5yPJMsCvZSDpMRsCIMp_hHVygUwQf3vmyQ0KFwU-8Js5hnoX04cwIs-72D9KzUL5vNL10DN3z21T-2/w400-h300/249KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20August%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: justify;"><span style="font-family: inherit;"><span style="background-color: white;">TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the </span><b><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-mariana-lithium-royalty_22.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b><span style="background-color: white;"> with Ganfeng Lithium. </span><b><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-corp-aiming-to-maximise.html" style="color: #6699cc; text-decoration: none;">I consider my personal investment in TNR Gold</a></b><span style="background-color: white;">, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. </span></span></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><span style="font-family: inherit;"><span style="background-color: white;"><br /></span></span></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><span style="font-family: inherit;"><span style="background-color: white;"><br /></span></span></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><span style="font-family: inherit;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdjSzMNWwKIzZOS9Ka5zCGeXDc2qi9LW9z6CcbzcBBYO8SShKr46jWGquaIWscNYxTbjXQqq-63gMr6NMT-0KVOj44wMuAgzTTmMrNIjDGr1pKwxkqWSB-95MM2_GDdffzJW1tEzp2Eh4mkJg_rR5BJl3IElaeY2DSVjkFv944OTwfBLJUWd7b1WtZzuk/s1500/304KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjdjSzMNWwKIzZOS9Ka5zCGeXDc2qi9LW9z6CcbzcBBYO8SShKr46jWGquaIWscNYxTbjXQqq-63gMr6NMT-0KVOj44wMuAgzTTmMrNIjDGr1pKwxkqWSB-95MM2_GDdffzJW1tEzp2Eh4mkJg_rR5BJl3IElaeY2DSVjkFv944OTwfBLJUWd7b1WtZzuk/w400-h300/304KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /></span></div></div><div class="separator" style="clear: both; text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"></em></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">"<a href="https://kirillklip.blogspot.com/2023/10/building-green-energy-metals-royalty_17.html" style="color: #6699cc; text-decoration: none;"><b>TNR retains a 1.35% NSR royalty on the Mariana Lithium project</b></a>that is being developed by Ganfeng Lithium in Argentina. We also hold a 0.36% NSR royalty on the Los Azules copper project that is being developed by McEwen Mining in Argentina. In addition, TNR holds a 7% net profits royalty on the Batidero I and II properties of the Josemaria project that is being developed by Lundin Mining in Argentina. </em><em style="box-sizing: border-box;">TNR also provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska.</em></p></blockquote><p> </p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvpEdZd7MFlT1Q5wz8QZt0ZY3V8hjZ6oKXv2k7bF_kkYwVBgm6kLhKryYffAn-9EBKT1Y3YYUv222BkAVIf3g1GbNknP17eqS9DUUes8miqUh5jtooawRT3ynWfsGK_nKewnTPiEhxtR3tQbaKSRRfDJ5_jBY0TCACVPCMqoSZiy75a8Ceva4gdc8rVQc/s3333/11TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhvpEdZd7MFlT1Q5wz8QZt0ZY3V8hjZ6oKXv2k7bF_kkYwVBgm6kLhKryYffAn-9EBKT1Y3YYUv222BkAVIf3g1GbNknP17eqS9DUUes8miqUh5jtooawRT3ynWfsGK_nKewnTPiEhxtR3tQbaKSRRfDJ5_jBY0TCACVPCMqoSZiy75a8Ceva4gdc8rVQc/w400-h225/11TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><p></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">In February 2023, LRC valued only a portion of the Company at US $9 million, based on its purchase of the 0.5% NSR royalty involving the Mariana Lithium project in Argentina for US $9 million. LRC’s recent offer of CAD $15 million (approximately US $11 million) for the entire Company was opportunistic and financially inadequate. The duty of the board is to maximize the potential value of our assets and our Company’s valuation for all of our shareholders, and the fair treatment of all shareholders. The special committee will help the board achieve these aims by evaluating opportunities in the most streamlined, efficient manner possible. We are engaging with multiple parties proposing much higher potential valuations for our assets than LRC’s recent proposal, and these are the opportunities that the special committee will focus on first."</em></p></blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"></em></p></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIdzHNSxLkiMGQIP-qMIS3tVo1-MPEaJFvUpH-xF6jkoXhkOeUKqYVak7BXoUdyZhEZMZH1jeTG_xgYuPXwon-jesielXHvxE4MOGfvkr2csPtIFIEQkPvrvlEJKzYBedqoQe3nxebfbfpthl8vDr-oQDm1YKZ3QbGdcDpS4huNG8u2YhBq0s9uoyYlOw/s3333/3TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIdzHNSxLkiMGQIP-qMIS3tVo1-MPEaJFvUpH-xF6jkoXhkOeUKqYVak7BXoUdyZhEZMZH1jeTG_xgYuPXwon-jesielXHvxE4MOGfvkr2csPtIFIEQkPvrvlEJKzYBedqoQe3nxebfbfpthl8vDr-oQDm1YKZ3QbGdcDpS4huNG8u2YhBq0s9uoyYlOw/w400-h225/3TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;">Now TNR Gold is moving fast towards the re-rating of the market valuations for our assets. With the first cash flow coming potentially next year from Mariana Lithium the valuation for that asset will be much higher and it will be translated into a higher valuation for all our Company. You can find on the links below the latest reports and videos from Salta, Argentina. Ganfeng Lithium is showing very rapid sustainable progress at the Mariana Lithium Project and moving it into the production stage next year. </div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiba0Lpws-skglvoqLqPVQGG-vGKBoDnmJkzBRoB3Cfus6IcDMjMorbeddxck1HR507ailgGtgtsb7dlK6Ub8MwnZnpfrNjzRq9IYiLEF2hypqtGyGM50D_3pRZEM2BELxDmY0AzLjTwkjYkp06WB-EVskNKzL57hv4imasIWreXWluqfb237Vt0ahyit4/s2500/368KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiba0Lpws-skglvoqLqPVQGG-vGKBoDnmJkzBRoB3Cfus6IcDMjMorbeddxck1HR507ailgGtgtsb7dlK6Ub8MwnZnpfrNjzRq9IYiLEF2hypqtGyGM50D_3pRZEM2BELxDmY0AzLjTwkjYkp06WB-EVskNKzL57hv4imasIWreXWluqfb237Vt0ahyit4/w400-h300/368KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html" style="color: #6699cc; text-decoration: none;"><b>How to spot the next M&A target?</b></a> What if you learn that insiders of major Royalty companies have bought personal stakes in a small but very promising company holding royalties in lithium, copper, gold and silver projects under development by industry leaders like Ganfeng Lithium, Rio Tinto, McEwen Mining and Lundin Mining?"<br /></blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8W2Sl_F9NOpXImREFVzthAXPVSQXb41WcwUrKqUyrMUolAAHEE-mNvqqe_s5XE687kBhgwxt9F5MY7HhBGoKzknm6FULopqzXwxz6vDywpUIOVverGqE35o8925CCiYmYHMWpCxvJJ4w-RJ6fCBCfEcABMefgws8y6DTtFwZIWjzlKlHXKHZ4xf6GTTc/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8W2Sl_F9NOpXImREFVzthAXPVSQXb41WcwUrKqUyrMUolAAHEE-mNvqqe_s5XE687kBhgwxt9F5MY7HhBGoKzknm6FULopqzXwxz6vDywpUIOVverGqE35o8925CCiYmYHMWpCxvJJ4w-RJ6fCBCfEcABMefgws8y6DTtFwZIWjzlKlHXKHZ4xf6GTTc/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: center;"><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0_25lnZ5kb23yS3Sff8A7xKhS_8UAsBOH5vlbJxX53dmeoQLHk20JjJhznoNKNBmFIx50nDFGCTNusYjuNnY4-TuIII1TIWyakpT0U4g2rkWZfYbJczPMwJ0h7s7HNFIPBqSWVqDJSj1RwA-L1omfOHQi4JbcKRn43K-C0x960PcBnN9HwdBYxP6hVwI/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0_25lnZ5kb23yS3Sff8A7xKhS_8UAsBOH5vlbJxX53dmeoQLHk20JjJhznoNKNBmFIx50nDFGCTNusYjuNnY4-TuIII1TIWyakpT0U4g2rkWZfYbJczPMwJ0h7s7HNFIPBqSWVqDJSj1RwA-L1omfOHQi4JbcKRn43K-C0x960PcBnN9HwdBYxP6hVwI/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="font-size: 14.85px;"><span face="-webkit-standard" style="caret-color: rgb(0, 0, 0); color: black; font-size: medium; text-align: start;"></span></span><blockquote><span style="font-family: inherit;"><span face="-webkit-standard" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;">“We are building </span><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-align: start; text-decoration: none;"><b>The Green Energy Metals Royalty and Gold Company</b></a><span face="-webkit-standard" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;">. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="caret-color: rgb(0, 0, 0); color: black; font-size: medium;"><b></b></span></p><blockquote style="text-align: right;"><b><span style="caret-color: rgb(0, 0, 0); color: black;">Kirill Klip, Executive Chairman TNR Gold Corp.</span> </b></blockquote><p></p></div></div><div class="separator" style="clear: both; text-align: justify;"><blockquote><blockquote> </blockquote></blockquote><blockquote><blockquote><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><br />"A lot of our investors have been asking me recently, <a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><b>what is my personal Vision for TNR Gold</b></a>, what is the future of our Company and what are my personal goals to achieve for TNR Gold."</blockquote></blockquote><p> </p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLDCWTPWmuCpdWVRsdUf_D1rlxrw2RSt4pxZgx4IH4KGzvlzXkl5h7zwjbLvDw46gK2q1oiDsh3JwTHCGJLWoJvwO4jnoHY2Hopz6KN1sVF1vrrf7h_xZ0nm6qnzmZwmtF8UVoLnPzJ6yulIVm2fL8Zqk9P2XyXJzbGVGBU757j_aWhbNFlvJjFZPUcf4/s3333/34TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLDCWTPWmuCpdWVRsdUf_D1rlxrw2RSt4pxZgx4IH4KGzvlzXkl5h7zwjbLvDw46gK2q1oiDsh3JwTHCGJLWoJvwO4jnoHY2Hopz6KN1sVF1vrrf7h_xZ0nm6qnzmZwmtF8UVoLnPzJ6yulIVm2fL8Zqk9P2XyXJzbGVGBU757j_aWhbNFlvJjFZPUcf4/w400-h225/34TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><blockquote><blockquote>"Our Company has reached major milestones this year after <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-update-investment-loan-repaid.html" style="color: #6699cc; text-decoration: none;"><b>the full repayment of the investment loan</b></a> and all recent developments in the marketplace."</blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;"><br /></span></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikROAyWWHqKH-jVSswNbCiRp0y3Ab1IDj6idr08RsIvDYYAvW8PIl3BjRK1JdwQMnWqDieiPRSyEHO55Wky1mqykZksSyOdKQI0xxM340pz8aNTh6fgwtLTNjl1DDaFV61v4VnmcdkmQ45dKJ6rZtZkAV8hzVNLqPncGeri-ZWneozKegIy8L78-1myQs/s3333/35TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikROAyWWHqKH-jVSswNbCiRp0y3Ab1IDj6idr08RsIvDYYAvW8PIl3BjRK1JdwQMnWqDieiPRSyEHO55Wky1mqykZksSyOdKQI0xxM340pz8aNTh6fgwtLTNjl1DDaFV61v4VnmcdkmQ45dKJ6rZtZkAV8hzVNLqPncGeri-ZWneozKegIy8L78-1myQs/w400-h225/35TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="caret-color: rgb(51, 51, 51); color: #333333; font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><br /><br />"I would like to share with you my personal Vision for TNR Gold’s future. <br /><br /><a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-shares-details-behind-latest.html" style="color: #6699cc; text-decoration: none;"><b>The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares.</b></a> I personally believe that the current market price is grossly undervaluing the intrinsic value of TNR Gold’s assets."</blockquote></div><p style="text-align: center;"><br /> </p><div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/VFHznW1gM_E?si=E7XEIS91MFgRhFU4" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"></div><blockquote><div style="text-align: justify;">"The Governor of Salta, Gustavo Sáenz and directors of the Ganfeng mining company, evaluated the economic and social impact of the Mariana lithium project, which will generate more than 3 thousand jobs." (Google Translate)</div><div></div></blockquote><div><br /></div><div><span style="background-color: #b2b2b2;"><br /></span><div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rIcGOYu9Vro?si=hjpYbXl6lLnC8DhR" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;">"<a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-corp-ganfengs-mariana-lithium.html" style="color: #6699cc; text-decoration: none;"><b>Kirill Klip, TNR’s Chief Executive Officer commented</b></a>, “We are very pleased that Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024.</span></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"><br /></span></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"><br /></span></div><div style="text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgK-9woW2NxTQZ9HxcpRxJIYLEBrF92Vp6eLSKyHBGZY0aqciySNCoXe-UdsCb1AfFskPSEHimxpvJ1bjDGYt_yEBws3XDJcSgXGmXaFVarTdMU7IwU_iPWUdOwr3ZkEtAjpfxmPOe-nOyYg8T4xdUxfucUhfU3hm0N-Q2P2s3R8r0ae9N50l2E-KtkuY/s1500/256KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgK-9woW2NxTQZ9HxcpRxJIYLEBrF92Vp6eLSKyHBGZY0aqciySNCoXe-UdsCb1AfFskPSEHimxpvJ1bjDGYt_yEBws3XDJcSgXGmXaFVarTdMU7IwU_iPWUdOwr3ZkEtAjpfxmPOe-nOyYg8T4xdUxfucUhfU3hm0N-Q2P2s3R8r0ae9N50l2E-KtkuY/w400-h300/256KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"><br /></span></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;">Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began last June, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. </span><a href="http://kirillklip.blogspot.com/2023/01/tnr-gold-royalty-holding-operational.html" style="caret-color: rgb(68, 68, 68); color: #6699cc; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; text-decoration: none;"><b>The Government of Salta has reported on Ganfeng Lithium’s announcement</b></a><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"> that the operational phase of the Mariana Lithium Project began in January 2023.</span></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"><br /></span></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;"><br /></span></div><div style="text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMr7AnVP1SUgHzB7uNN4gA5t_khwm7ZPv_DQUKmGO-bgGH11OT35jiauMKYjKxuCykza_PlO6ggvFmGa16DZXFsTaqhUwi-Q5UoEQgFJuYhORv9V8PeCsaHwJ7o93AJwp8GZZJTjFROGMWMbWOHbsOevzKpGFtZGqKAgBvrJ3OX_OK9slyQfVRmy4kz1E/s3333/40TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMr7AnVP1SUgHzB7uNN4gA5t_khwm7ZPv_DQUKmGO-bgGH11OT35jiauMKYjKxuCykza_PlO6ggvFmGa16DZXFsTaqhUwi-Q5UoEQgFJuYhORv9V8PeCsaHwJ7o93AJwp8GZZJTjFROGMWMbWOHbsOevzKpGFtZGqKAgBvrJ3OX_OK9slyQfVRmy4kz1E/w400-h225/40TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /></div><div style="text-align: justify;"><span face="Lato, Arial, Helvetica, sans-serif" style="background-color: white; caret-color: rgb(68, 68, 68); color: #444444; font-size: 16px;">TNR does not have to contribute any capital for the development of the Mariana Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Rwu52CXbLvY?si=groLUHRpfAGrBdtf" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"></div><blockquote><div style="text-align: justify;">"Representatives of the company Litio Minera Argentina, local exploitation subsidiary of the “Mariana” project of the Chinese company Ganfeng Lithium, told Radio Salta about their work experience.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">The firm with three projects in development participated in the cycle “Let's talk about what's coming” organized by the newspaper El Tribuno, last few days.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">They have the Mariana project, -the largest of the three-, in second place is a project located in the Llullaillaco salt flat, in the Los Andes department and in last place is another project in Incahuasi, near Tolar Grande.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">“Extracting lithium from brine is the friendliest to the planet,” explained Sergio Mastnak, Senior Manager of Human Development and Finance at Litio Minera Argentina SA.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">Mastnak announced that when the three lithium extraction projects are underway, direct employees will reach a thousand people.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">“We are having a hard time finding geologists and engineers, who we must look for in other provinces,” he said.<span style="text-align: left;"> </span></div></blockquote><blockquote><div style="text-align: justify;">He commented that obtaining lithium production from the “Mariana” project will begin to be seen in the second half of 2024." (Google Translate)</div></blockquote><p><br /></p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhadRHnLzqjoIlhkN2gCsWYpwOa16GUZ-74iS1Cszd7J6kkvBWxcOf_hebhU-2la6RJ_JzqpHtKJJeKf-db3tboY2M_8Bu9vWGl2h6M7ZA0d1YAzc6UvVmpCoMRErlcoUtuoIkSevJ29SqVz7nuydri8lbLZbygGme4JkuDUFHZ51jC-SDRAOH6kmF-6TI/s3333/35TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhadRHnLzqjoIlhkN2gCsWYpwOa16GUZ-74iS1Cszd7J6kkvBWxcOf_hebhU-2la6RJ_JzqpHtKJJeKf-db3tboY2M_8Bu9vWGl2h6M7ZA0d1YAzc6UvVmpCoMRErlcoUtuoIkSevJ29SqVz7nuydri8lbLZbygGme4JkuDUFHZ51jC-SDRAOH6kmF-6TI/w400-h225/35TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><br /><p></p><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-mariana-lithium-royalty_22.html" style="color: #6699cc; text-decoration: none;">TNR Gold Mariana Lithium Royalty Holding - "Sebastián Vaca, from Ganfeng: "We Want to Be the Main Lithium Producer in Argentina and the World"</a></h3><div><br /></div><div class="post-header" style="color: #999999; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13.5px; line-height: 1.6; margin: 0px 0px 1.5em;"><div class="post-header-line-1"></div></div><div class="post-body entry-content" id="post-body-8981925426681018578" itemprop="description articleBody" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><p style="text-align: justify;"><span style="font-family: inherit;"></span></p><p style="text-align: center;"></p></div><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCt668WtMVemDfCUYFZUnD4Bw5l0OWxq-IDfiwVolRW_vCV-LYL6pdrHnz8xKO2ahab4PRrJ0X4RpoK3CQHdFCJo1SUQ1Iip2TLDpQSSoQqmCWeSdToiTPq0xiPNQKNOmn8USo4rZnsXuzod97gA8A9oOR6lH6XOubbcNvxT_uKq1suCYbr019GaE2vSo/s2500/369KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCt668WtMVemDfCUYFZUnD4Bw5l0OWxq-IDfiwVolRW_vCV-LYL6pdrHnz8xKO2ahab4PRrJ0X4RpoK3CQHdFCJo1SUQ1Iip2TLDpQSSoQqmCWeSdToiTPq0xiPNQKNOmn8USo4rZnsXuzod97gA8A9oOR6lH6XOubbcNvxT_uKq1suCYbr019GaE2vSo/w400-h300/369KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative;"><br /></h3><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-mariana-lithium-royalty.html" style="color: #6699cc; text-decoration: none;">TNR Gold Mariana Lithium Royalty Holding: "Ganfeng, and the Sustained Advance in Mariana and PPG"</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSsrxW3QokSeVvXZadYAvjzUo2LlZ3fPCefTjym_4YpJ9f9on7e7bRXVYBfzxxo4jcTjAuun4RlThSGjwBv2iDLINDskNSG7Cw9sJuisbj-toX5wK-uPDjneckAjwsSnJVhyZpjbdF431l02GMkr8UpX1fbNyHE-UuoSfriG7UVzGzfyvjsZdgEaqvBeA/s2500/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSsrxW3QokSeVvXZadYAvjzUo2LlZ3fPCefTjym_4YpJ9f9on7e7bRXVYBfzxxo4jcTjAuun4RlThSGjwBv2iDLINDskNSG7Cw9sJuisbj-toX5wK-uPDjneckAjwsSnJVhyZpjbdF431l02GMkr8UpX1fbNyHE-UuoSfriG7UVzGzfyvjsZdgEaqvBeA/w400-h300/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div></div><div><br /></div><div><br /></div><div><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-royalty-holding-governor.html">TNR Gold Royalty Holding: Governor Gustavo Sáenz Received President Li Liangbin and Vice President Wang Xiaoshen of the Ganfeng Lithium - "According to the Company's Forecasts, Mariana Will Go into Production Next Year"</a></h3></div><div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;" /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzpUjOhw9v49024PaowtLwGUN4eMPtm7IGZEOWkl9D3nFhgq9o5jcC8IwAchGsjw7wZrRKLkBQzSmtpN_a0XvWvppVahnwi2GJZ6KHZfC0r4DW1n1aA9TaSqkFJXPLTBmLL-yhUaT2avcPOOLEAtRVt0S2rb5x0jj8vW_SHf8dvkg_UJkc_SU3uj5O8Ro/s2500/354KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzpUjOhw9v49024PaowtLwGUN4eMPtm7IGZEOWkl9D3nFhgq9o5jcC8IwAchGsjw7wZrRKLkBQzSmtpN_a0XvWvppVahnwi2GJZ6KHZfC0r4DW1n1aA9TaSqkFJXPLTBmLL-yhUaT2avcPOOLEAtRVt0S2rb5x0jj8vW_SHf8dvkg_UJkc_SU3uj5O8Ro/w400-h300/354KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="text-align: center;"><br /></p></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-82908452379648565922024-03-07T05:47:00.000-08:002024-03-12T01:58:34.912-07:00TNR Gold NSR Royalty Update – Los Azules Copper, Gold and Silver Project – McEwen Copper Updates on Assay Results at Los Azules<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLOYPm65KzuZNiQiTGPrldQ9sxK3r0L2kyPfpE35cqE2bO-s32fh6s2laYMPk1ItXVkKdIPE0zAkDSU-hJGBp-DbYa3yS-jTqPbydL5kp0Q_OIwS4r45NLbonUj7CB2Gc098i4NhyphenhyphenypOs2EpGM3VaOdCE7q0xm3m1rn7fF8Gatp9oVwSlBBIHDHYboUbE/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLOYPm65KzuZNiQiTGPrldQ9sxK3r0L2kyPfpE35cqE2bO-s32fh6s2laYMPk1ItXVkKdIPE0zAkDSU-hJGBp-DbYa3yS-jTqPbydL5kp0Q_OIwS4r45NLbonUj7CB2Gc098i4NhyphenhyphenypOs2EpGM3VaOdCE7q0xm3m1rn7fF8Gatp9oVwSlBBIHDHYboUbE/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“<a href="https://kirillklip.blogspot.com/2024/03/tnr-gold-reports-significant-progress.html"><b>We are pleased that significant developments on the advancement of the Los Azules Copper Project</b></a> towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTIPBr-bSjN0IQ5tOohYUmjW8VpGGyxW6j5VtYByFEv4LwsoRBFxTRvpppUmEnrOj6DM62XM5BScMkwCpU_Yb6QKZH6vkg10CNE8NSFXQYMPbcbhhkS_6qtqTeglP5J19IQDhiHJEWZrkcNQ4t_i8Rg3OHCUVeBOAF8XbT4DE2ROqVCqZI77N4evEq9WU/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiTIPBr-bSjN0IQ5tOohYUmjW8VpGGyxW6j5VtYByFEv4LwsoRBFxTRvpppUmEnrOj6DM62XM5BScMkwCpU_Yb6QKZH6vkg10CNE8NSFXQYMPbcbhhkS_6qtqTeglP5J19IQDhiHJEWZrkcNQ4t_i8Rg3OHCUVeBOAF8XbT4DE2ROqVCqZI77N4evEq9WU/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq2YTE6R0heAEH0QK81g-TlDBGokZvjvwtd-4933x1h9AFea71MhyJpjWgexkpxGQsf58X_7cZo67OaPnS2ZwRyF4VMct1JPl34BRRSQxZYEbJfFNUDAA7WndMX1vF0E-jConxB94kHhwzuRnMHJiy8mR_3uu0YawgE2bo_WHdasc_VNpeels6GF0gS40/s2500/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjq2YTE6R0heAEH0QK81g-TlDBGokZvjvwtd-4933x1h9AFea71MhyJpjWgexkpxGQsf58X_7cZo67OaPnS2ZwRyF4VMct1JPl34BRRSQxZYEbJfFNUDAA7WndMX1vF0E-jConxB94kHhwzuRnMHJiy8mR_3uu0YawgE2bo_WHdasc_VNpeels6GF0gS40/w400-h300/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuOACLP2hN5WDUA5Ru3IZ4HpgABPHn-p3tquUmLW8uLhUkl4x45OjOdlD8NAhx_M008GMeJH0XZEzu_Fi2JKp_D-pAuJrybRhehC0t_YMNhAenhWyMMRVTSekDvocPfesJSAD-tDXmDFuFF-wimhytMpH1PAEpWU-Yp_FIqE7M0h35G6QYtD3xve5NEq4/s1280/Argentina%20President%20Milei%202.02.2024.webp" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjuOACLP2hN5WDUA5Ru3IZ4HpgABPHn-p3tquUmLW8uLhUkl4x45OjOdlD8NAhx_M008GMeJH0XZEzu_Fi2JKp_D-pAuJrybRhehC0t_YMNhAenhWyMMRVTSekDvocPfesJSAD-tDXmDFuFF-wimhytMpH1PAEpWU-Yp_FIqE7M0h35G6QYtD3xve5NEq4/w400-h225/Argentina%20President%20Milei%202.02.2024.webp" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The new president of Argentina introduced important government policies aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo-mEExiW1MIEafjUPUUry6IiuivI1FuNU29ga4SNSPSQosPTR_yk-hgNbEjUSel4zOd3VA1BRDhWivis5V_Gv6vWF69xkmMTW8kkNzHtDffPkcniZmDmYsv_qeBTj7W9wJG7s8G6t5J04yCluhnrdSXcQhMS7E6y_Oum6hyyMKH_qHpfDw7HZALi-9BA/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgo-mEExiW1MIEafjUPUUry6IiuivI1FuNU29ga4SNSPSQosPTR_yk-hgNbEjUSel4zOd3VA1BRDhWivis5V_Gv6vWF69xkmMTW8kkNzHtDffPkcniZmDmYsv_qeBTj7W9wJG7s8G6t5J04yCluhnrdSXcQhMS7E6y_Oum6hyyMKH_qHpfDw7HZALi-9BA/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Strong team performance of McEwen Copper is accelerating the advance of Los Azules Project towards completing a feasibility study. <a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html"><b>The Los Azules Project PEA</b></a> results highlighted the potential to create a very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly. These assay results not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc4fbgBLov_0lolpG8SntZLlZIhgRN6k2tyryDel1CTmveeLKerlSp7ZjvH1Lg_fgYaU7_LxH7TjmS_hnJGVNAB1dvwaKpe2c-otcmnjWauL4-PPJC98KdNCyjneIeXBDo_5ia_ANuSONb2tE2nRkRp-hFWCjMFFS4K5M5avhIqwXAbJoM4UVbXCH_k3E/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc4fbgBLov_0lolpG8SntZLlZIhgRN6k2tyryDel1CTmveeLKerlSp7ZjvH1Lg_fgYaU7_LxH7TjmS_hnJGVNAB1dvwaKpe2c-otcmnjWauL4-PPJC98KdNCyjneIeXBDo_5ia_ANuSONb2tE2nRkRp-hFWCjMFFS4K5M5avhIqwXAbJoM4UVbXCH_k3E/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIy9-PSnmc_xkXrPA0tvkSNMetcQzFyWJUN2NtBEewPxMkyqro-A_8aMjgfuGV2gyrOnpqDnf0J_ukFkeHLTBunbGHuAQw7OzmWPKGtCUa38zWUKUeBobFh9TXF0n2sSkYi38biFhXeGId00OJEq3NSgWCwNpH5jpqwzew0_yZhgUkR4sjQA28SOwTG1c/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIy9-PSnmc_xkXrPA0tvkSNMetcQzFyWJUN2NtBEewPxMkyqro-A_8aMjgfuGV2gyrOnpqDnf0J_ukFkeHLTBunbGHuAQw7OzmWPKGtCUa38zWUKUeBobFh9TXF0n2sSkYi38biFhXeGId00OJEq3NSgWCwNpH5jpqwzew0_yZhgUkR4sjQA28SOwTG1c/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div></div></div></div></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;" /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIddmXF9pWdP5WWZBSxE4GKdzBAkIpweXDP7qh_BgoYsttgVrXgTHccVHsZEiZHf8r_-DasxzEwaGyj5cAszd7KMXy6xNx-mB4CPu3Scofh8fmCmvR57wDFbHAPIY6u-_yZwLuulSpmZacs010Q2x-d08BfSsTKHL0kxgz7mCxelUizBVDxo4PiirFLxE/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIddmXF9pWdP5WWZBSxE4GKdzBAkIpweXDP7qh_BgoYsttgVrXgTHccVHsZEiZHf8r_-DasxzEwaGyj5cAszd7KMXy6xNx-mB4CPu3Scofh8fmCmvR57wDFbHAPIY6u-_yZwLuulSpmZacs010Q2x-d08BfSsTKHL0kxgz7mCxelUizBVDxo4PiirFLxE/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><br /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="text-align: center;"></p><div style="text-align: justify;"><b><span style="font-size: medium;">TNR Gold:</span></b></div><div style="text-align: justify;"><br /></div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><div style="text-align: justify;"><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin-bottom: 0.67em; margin-top: 0.67em; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold NSR Royalty Update – Los Azules </strong><strong style="box-sizing: border-box;">Copper, Gold and Silver Project – McEwen Copper Updates on Assay Results at Los Azules</strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Vancouver, British Columbia – March 5, 2023: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that McEwen Mining Inc. (“<strong style="box-sizing: border-box;">McEwen Mining</strong>”) has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (“<strong style="box-sizing: border-box;">NSR Royalty</strong>”) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. (“<strong style="box-sizing: border-box;">McEwen Copper</strong>”), a subsidiary of McEwen Mining.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAnrcLBTo-DUy06RxEXIKuaQ43bW5Qjh1JvAXHhQxvUYZmuCe0Q9JPffgZs6OeBllkrMEVZBEguVIALNAu91sJVjepBCwPItRa_4hnC1_TJcH_V-PUiRkekAJv-h0su4XvAC_LfFMxg8J1zwQ3eRvhH3qbah-7DtgiRNte4g1ONgYkSZvCiT4n6kXA9ao/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAnrcLBTo-DUy06RxEXIKuaQ43bW5Qjh1JvAXHhQxvUYZmuCe0Q9JPffgZs6OeBllkrMEVZBEguVIALNAu91sJVjepBCwPItRa_4hnC1_TJcH_V-PUiRkekAJv-h0su4XvAC_LfFMxg8J1zwQ3eRvhH3qbah-7DtgiRNte4g1ONgYkSZvCiT4n6kXA9ao/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued by McEwen Mining on February 26, 2024 stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Copper Inc</em></strong><em style="box-sizing: border-box;">., 47.7% owned by <strong style="box-sizing: border-box;">McEwen Mining Inc.</strong> is pleased to announce assay results from the final unreleased drill holes of the last season (2022-2023). The results from this period not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Remaining assays from the 2022-2023 season, highlights include:</em></strong></p><ul style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; text-align: start;"><li style="box-sizing: border-box; list-style-type: none;"><ul style="box-sizing: border-box;"><li style="box-sizing: border-box; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">446 m </em></strong><em style="box-sizing: border-box;">of <b>0.</b><strong style="box-sizing: border-box;">63% Cu</strong>, including <strong style="box-sizing: border-box;">76 m </strong>of <strong style="box-sizing: border-box;">0.92% Cu </strong>(AZ23228MET)</em></li></ul></li></ul><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Selected Highlights:</em></strong></p><ul style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; text-align: start;"><li style="box-sizing: border-box; list-style-type: none;"><ul style="box-sizing: border-box;"><li style="box-sizing: border-box; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">205</strong>MET returned <strong style="box-sizing: border-box;">257 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">76% Cu </strong>within the Enriched zone.</em></li><li style="box-sizing: border-box; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">228</strong>MET returned <strong style="box-sizing: border-box;">446 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">63% Cu</strong> in the Enriched zone, including <strong style="box-sizing: border-box;">76 m </strong>of<strong style="box-sizing: border-box;"> 0.92% Cu</strong>.</em></li><li style="box-sizing: border-box; text-align: justify;"><em style="box-sizing: border-box;">Hole AZ23<strong style="box-sizing: border-box;">230</strong>MET returned <strong style="box-sizing: border-box;">250 m </strong>of <b>0.</b><strong style="box-sizing: border-box;">68% C u</strong>in the Enriched zone, including <strong style="box-sizing: border-box;">192 m </strong>of<strong style="box-sizing: border-box;"> 0.83% Cu.</strong></em></li></ul></li></ul><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">The objective of the 2022-2023 drilling campaign was to collect information needed as the project advances towards the completion of a Feasibility Study in Q1 2025. Work continues during this field season (2023-2024) and includes resource drilling that will convert the initial 5-year pit resources to Measured and Indicated categories and will further upgrade resources from Inferred to Indicated. In addition to resource drilling, geotechnical, metallurgical, hydrogeological, exploration, and condemnation drilling are also being performed.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">With the closing in October 2023 of a US$10.0 million investment by Nuton, a Rio Tinto venture, and the ARS $42 billion investment by Stellantis, the Los Azules Project is fully funded for the 2023-2024 drilling campaign. McEwen Copper is currently seeking funding to support feasibility-level engineering and pre-construction work. Another record-setting drill season is underway at Los Azules with over 62,000 meters of drilling, of which 43,000 meters have been completed to date.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">“Argentina’s new president is taking important initiatives to unlock the country’s potential to become a significant supplier of critical minerals to the world, to combat climate change and at the same time strengthening the economy,”</em></strong><em style="box-sizing: border-box;"> said Rob McEwen, Chairman and Chief Owner.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;"> </em></strong><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">“McEwen Copper’s Los Azules project is progressing at light speed towards completing a feasibility study by Q1 2025 and it has already delivered significant economic benefits to the neighbouring communities. It is a very large copper resource, where recent exploration drilling suggests it definitely has room to grow,” </em></strong><em style="box-sizing: border-box;">said Michael Meding, Vice President and General Manager of McEwen Copper.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhObZATYhZMrdq29Lg8oKp0Yi47JQLYK5wtI16zZAF5yZe1e0oHVYsYtVPVoQSDucK9eB3NfKTKIGj8FsFKpCJDCz0HBOrnCz2IMoTbknHac1x0wbFDN3mOrzk-6gi-5wvq_s-UoGKVzhZXOvLv1B6-SuyuPxUXJMioBB9Zug0L1LfDTs00v0ZpZ5UsR-s/s1998/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%201%20Screenshot%202024-03-07%20at%2013.19.59.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1442" data-original-width="1998" height="462" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhObZATYhZMrdq29Lg8oKp0Yi47JQLYK5wtI16zZAF5yZe1e0oHVYsYtVPVoQSDucK9eB3NfKTKIGj8FsFKpCJDCz0HBOrnCz2IMoTbknHac1x0wbFDN3mOrzk-6gi-5wvq_s-UoGKVzhZXOvLv1B6-SuyuPxUXJMioBB9Zug0L1LfDTs00v0ZpZ5UsR-s/w640-h462/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%201%20Screenshot%202024-03-07%20at%2013.19.59.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_v0aL6zt0Tw1FhQw_c9f_SCOMMB2QXQkOeJRv2v8HG7_W4Y-rnJtPKkUV8FtoMuBEarIHzQbcE1fMVS-5xz3TgEGVbuqVFGg0JQR_HLUAq3QbAdHfMCXttxzo87SMa6Kh4qJmBqXrB1EzKX6mCMTIiiW73ub4YtLDQ8v4SKGknYw36x5Kdp_wkSa_4pA/s2052/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%202%20Screenshot%202024-03-07%20at%2013.20.26.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1478" data-original-width="2052" height="461" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh_v0aL6zt0Tw1FhQw_c9f_SCOMMB2QXQkOeJRv2v8HG7_W4Y-rnJtPKkUV8FtoMuBEarIHzQbcE1fMVS-5xz3TgEGVbuqVFGg0JQR_HLUAq3QbAdHfMCXttxzo87SMa6Kh4qJmBqXrB1EzKX6mCMTIiiW73ub4YtLDQ8v4SKGknYw36x5Kdp_wkSa_4pA/w640-h461/TNR%20Gold%20NR%205.03.2024%20McEwen%20Los%20Azules%20Copper%20Assays%202%20Screenshot%202024-03-07%20at%2013.20.26.png" width="640" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">Results are summarized in three schematic cross sections (<strong style="box-sizing: border-box;">Figures 2, 3, </strong>and<strong style="box-sizing: border-box;"> 4</strong>), which include simplified interpretations of the Overburden, Leached, Enriched and Primary zones. The Enriched mineral zone refers to a copper deposit enriched by precipitation-derived water circulation that carries copper minerals downward through the rocks to accumulate in a thick, often horizontal “blanket”. Immediately above the Enriched zone is the Leached zone, from which copper was removed and transported. Weathering and oxidation often contribute to this process. Below the Enriched zone, the Primary (or Hypogene) zone is formed by ascending copper-rich thermal fluids, originating from a much deeper magmatic source. The green line indicates the pit floor of the 30-year pit shell from the 2023 NI 43-101 Preliminary Economic Assessment (PEA).</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1</em></strong><em style="box-sizing: border-box;"> presents a plan view of the location of three sections and the holes reported. Adjacent cross sections are located 50 m apart from each other, starting with the lowest numbered section at the south end of the deposit and progressing to the north.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1 </em></strong><em style="box-sizing: border-box;">– Plan View Location of Cross-sections and Drill Holes in the Deposit</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2467" decoding="async" fetchpriority="high" height="627" sizes="(max-width: 839px) 100vw, 839px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-200x150.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-300x224.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-400x299.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-600x449.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-768x574.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-800x598.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1-1024x766.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-1.png 1151w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="839" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 </em></strong><em style="box-sizing: border-box;">displays an intercept of <strong style="box-sizing: border-box;">446 m</strong> grading <strong style="box-sizing: border-box;">0.63% Cu </strong>(AZ23228MET) and includes <strong style="box-sizing: border-box;">76 m</strong> grading <strong style="box-sizing: border-box;">0.92% Cu </strong>within the Enriched zone. This hole extends higher-grade mineralization further to the west within the Enriched zone.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 –</em></strong><em style="box-sizing: border-box;"> Section 47 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2470" decoding="async" height="447" sizes="(max-width: 840px) 100vw, 840px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-200x106.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-300x160.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-400x213.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-600x319.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-768x409.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-800x426.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1024x545.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1200x638.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2-1536x817.png 1536w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-2.png 1545w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="840" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 </em></strong><em style="box-sizing: border-box;">highlights a <strong style="box-sizing: border-box;">257 m</strong> interval grading <strong style="box-sizing: border-box;">0.76% Cu </strong>(AZ23205MET). Both this hole and hole AZ23199MET (<strong style="box-sizing: border-box;">171 m</strong> grading <strong style="box-sizing: border-box;">0.80%</strong> Cu) directly to the west confirm the continuity and grade of the Enriched zone on this section.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 –</em></strong><em style="box-sizing: border-box;"> Section 31 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2469" decoding="async" height="485" sizes="(max-width: 840px) 100vw, 840px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-200x115.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-300x173.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-400x231.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-600x346.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-768x443.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-800x461.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-1024x590.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3-1200x692.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-3.png 1422w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="840" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 4</em></strong><em style="box-sizing: border-box;"> presents an intercept of <strong style="box-sizing: border-box;">250.0 m </strong>of <strong style="box-sizing: border-box;">0.68% Cu</strong> in hole AZ23230MET. This hole validates mineralization in the center of this section. Hole AZ23210MET displays an intercept of <strong style="box-sizing: border-box;">242.0</strong> <strong style="box-sizing: border-box;">m</strong> of <strong style="box-sizing: border-box;">0.73% Cu</strong> and extends higher grade mineralization in the Enriched zone to the east. Hole GTK2316 contains an intercept of <strong style="box-sizing: border-box;">225.1 m</strong> of <strong style="box-sizing: border-box;">0.38% Cu</strong>. These three new holes validate the continuity and strength of mineralization on this section.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 4 –</em></strong><em style="box-sizing: border-box;"> Section 30 – Drilling, Mineralized Zones and 30-year PEA Pit (Looking North)</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone wp-image-2468" decoding="async" height="472" sizes="(max-width: 841px) 100vw, 841px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-200x112.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-300x168.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-400x225.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-600x337.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-768x431.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-800x449.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-1024x575.png 1024w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4-1200x674.png 1200w, https://tnrgoldcorp.com/wp-content/uploads/2024/03/figure-4.png 1380w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="841" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"> </p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Technical information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">The technical content of this press release has been reviewed and approved by Darren King, Director of Exploration of McEwen Copper, who serves as the qualified person (QP) under the definitions of National Instrument 43-101.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">All samples were collected in accordance with generally accepted industry standards. Drill core samples, usually taken at 2 m intervals, were split and submitted to the Alex Stewart International laboratory located in the Province of Mendoza, Argentina, for the following assays: gold determination using fire fusion assay and an atomic absorption spectroscopy finish (Au4-30); a 39 multi-element suite using ICP-OES analysis (ICP-AR 39); copper content determination using a sequential copper analysis (Cu-Sequential LMC-140). An additional 19-element analysis (ICP-ORE) was performed for samples with high sulphide content and that exceeded the limits of the ICP-OES analysis.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">The company conducts a Quality Assurance/Quality Control program in accordance with NI 43-101 and industry best practices, using a combination of standards and blanks on approximately one out of every 25 samples. Results are monitored as final certificates are received, and any re-assay requests are sent back immediately. Pulp and preparation sample analyses are also performed as part of the QAQC process. Approximately 5% of the sample pulps are sent to a secondary laboratory for control purposes. In addition, the laboratory performs its own internal QAQC checks, with results made available on certificates for Company review.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Table 2</em></strong><em style="box-sizing: border-box;"> – Hole Locations and Lengths for Los Azules Drilling Results</em></p><table style="border-collapse: collapse; border-spacing: 0px; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; font-variant-caps: normal; max-width: 100%; width: 0px;"><tbody style="box-sizing: border-box;"><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96"><strong style="box-sizing: border-box;">HOLE-ID</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77"><strong style="box-sizing: border-box;">Azimuth</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79"><strong style="box-sizing: border-box;">Dip</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90"><strong style="box-sizing: border-box;">Length</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90"><strong style="box-sizing: border-box;">Loc X</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96"><strong style="box-sizing: border-box;">Loc Y</strong></td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72"><strong style="box-sizing: border-box;">Loc Z</strong></td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23199MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-67</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">271.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383430</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558947</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3659</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23226AMET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-77</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">275.3</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383311</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559016</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3656</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23228MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-60</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">616.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2382837</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559585</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3625</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23229MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">262.4</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2382846</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559746</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3616</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23230MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-73</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">438.2</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383344</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558864</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23232MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">45</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">464.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383226</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559780</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3632</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2315MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">38</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">521.2</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383192</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559976</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3639</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2316MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-78</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">319.1</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383348</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558863</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">GTK2317MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">90</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">326.0</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383561</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558835</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3665</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23200MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">90</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">394.5</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383467</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559120</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3657</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23204MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-76</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">312</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383292</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559323</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3643</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23205MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-74</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">374.7</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383504</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558973</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3660</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23210MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">250</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-76</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">415</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383533</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558930</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3664</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23223MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">66</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-73</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">376</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383253</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6558932</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3670</td></tr><tr style="box-sizing: border-box;"><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">AZ23227MET</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="77">70</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="79">-79</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">334</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="90">2383305</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="96">6559059</td><td style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="72">3654</td></tr><tr style="box-sizing: border-box;"><td colspan="7" style="border-color: rgb(224, 222, 222); box-sizing: border-box;" width="600">Coordinates listed in Table 2 based on Gauss Kruger – POSGAR 94 Zone 2</td></tr></tbody></table><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"> </p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN COPPER</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">McEwen Copper is a well-funded, private company which owns 100% of the large, advanced-stage Los Azules copper project, located in the San Juan province, Argentina. McEwen Copper is a 47.7% owned private subsidiary of McEwen Mining, which is listed on NYSE and TSX under the ticker MUX.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">Los Azules is being designed to be distinctly different from conventional copper mines, consuming significantly less water, emitting much lower carbon levels and progressing to be carbon neutral by 2038, being powered by 100% renewable energy once in operation. The project’s recently updated Preliminary Economic Assessment (PEA) projects a long life of mine, a short payback period, low production costs per pound, high annual copper production, and an after-tax IRR of 21.1%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN MINING</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: justify;"><em style="box-sizing: border-box;">McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. McEwen Mining also holds a 47.7% interest in McEwen Copper, which is developing the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, Chairman and Chief Owner, has a personal investment in the company of US$220 million. His annual salary is US$1.</em><em style="box-sizing: border-box;">”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCVTRoFa1pXX6dmsTidQjj6_WRnkn7diaFnaw4WY_Nsvwi-LKxg9qVhvQPVkhbNIWd9f4y0yNtOwMUKxC-Eewbn7sCiLzfJknYgVTHeHc5lhDHtVZSNgI0EMTeKoF0CX855KXefKLu4CD6aiy_nDjfTgRuDG84xYlJF4NXv05c9osuU36Ida3iaP-t4xA/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhCVTRoFa1pXX6dmsTidQjj6_WRnkn7diaFnaw4WY_Nsvwi-LKxg9qVhvQPVkhbNIWd9f4y0yNtOwMUKxC-Eewbn7sCiLzfJknYgVTHeHc5lhDHtVZSNgI0EMTeKoF0CX855KXefKLu4CD6aiy_nDjfTgRuDG84xYlJF4NXv05c9osuU36Ida3iaP-t4xA/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The new president of Argentina introduced important government policies aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Strong team performance of McEwen Copper is accelerating the advance of Los Azules Project towards completing a feasibility study. The Los Azules Project PEA results highlighted the potential to create a very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly. These assay results not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; padding-left: 40px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxrElCb0nZe2hP9cKNXcpdvJ6wamB0_0MZ1kUFllcvvs291gHkpGIGLD8maSc78yi3iCik9b0QT3q8-x8R7nsVobmY6MGV7v3jDOu8ij9h1yTS5_xKdmmUOeNjooLqfutG8b1CNZCRXuZeNiflDNGiy2C1udjinjlkC0kl78yxbCdlTwQ84UYqgRVlF4/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxxrElCb0nZe2hP9cKNXcpdvJ6wamB0_0MZ1kUFllcvvs291gHkpGIGLD8maSc78yi3iCik9b0QT3q8-x8R7nsVobmY6MGV7v3jDOu8ij9h1yTS5_xKdmmUOeNjooLqfutG8b1CNZCRXuZeNiflDNGiy2C1udjinjlkC0kl78yxbCdlTwQ84UYqgRVlF4/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 24px; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; text-align: justify;"><a href="https://tnrgoldcorp.com">ABOUT TNR GOLD Corp.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"> </strong>www.tnrgoldcorp.com</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCvqPNvR_9UJnGKLjwwC7NN7QfpYiVTrYCHqha3R1LI8s61_0cEbgepyl-CdvGCaA8_Ckyquch6izKcRpaf_5usRsTVmqu6Q6zlUWZHzx8DvTTBiEehXk2ctx-kwNCzr0bGh9-zGNJs1zky17DA01gqXslGZaKS28W9gpyFOjEY7y3YMEzZG3BFqDBXPw/s3333/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjCvqPNvR_9UJnGKLjwwC7NN7QfpYiVTrYCHqha3R1LI8s61_0cEbgepyl-CdvGCaA8_Ckyquch6izKcRpaf_5usRsTVmqu6Q6zlUWZHzx8DvTTBiEehXk2ctx-kwNCzr0bGh9-zGNJs1zky17DA01gqXslGZaKS28W9gpyFOjEY7y3YMEzZG3BFqDBXPw/w400-h225/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-15739914451383356602024-03-06T03:58:00.000-08:002024-03-06T04:45:20.979-08:00Gold Made a New All-Time High at $2,128 Following the Highest Monthly, Quarterly and Yearly Close in History at $2,063 - Next is a Climb to $2,500, $5,000 and Over $10,000<p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgup5eCSsCsY28SKWu_mfDNgV7q1fB35kpwDdF4Xrd5zwq9Ai4yESwj7HOmStlOdbN7rq6tG4_pZbOffiYJEgblAXaYjAXG7lc5VzjJzeMvZxfPbBUWxhQ1vsk3DdUSwGiWI0wTdceNvIjB5C5Y57hG4TSbXH4gdtES8mWaNz58Tnc8YHn6zhfned9qAWU/s2500/Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgup5eCSsCsY28SKWu_mfDNgV7q1fB35kpwDdF4Xrd5zwq9Ai4yESwj7HOmStlOdbN7rq6tG4_pZbOffiYJEgblAXaYjAXG7lc5VzjJzeMvZxfPbBUWxhQ1vsk3DdUSwGiWI0wTdceNvIjB5C5Y57hG4TSbXH4gdtES8mWaNz58Tnc8YHn6zhfned9qAWU/w400-h300/Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><div style="text-align: justify;">Gold surged to a new all-time high at $2,128 on March 5, 2024. It is very important that now we have a confirmed breakout with back-to-back all-time highs: $2,115 on March 4 and <a href="https://kirillklip.blogspot.com/2024/03/gold-made-new-all-time-high-at-2083.html"><b>$2,083 on March 1, 2024</b></a>, following the highest monthly, quarterly and yearly close in history at $2,063 smashed by the end of 2023. <a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html" style="color: #6699cc; text-decoration: none;"><b>The previous all-time high at $2,080 was made by Gold on December 27, 2023.</b></a> </div><div class="separator" style="clear: both; text-align: center;"><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/s2500/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #33aaff; margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/w400-h300/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div><div style="text-align: justify;">We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8kF7wuZX3afBiFuE0BixksPOj49NSlU62oy0RR_c7YEZbCj7JXQDpF74ZFMuWovJWIf6t6Tctr-AWXNat39mgCUmlRkhx4aNPKFYrIWmSDIVucI5I2G2mqXhDyyPO7K2xk9SOg3bCaLTKcgEU300RGPYuOJaoB_ybenNOi4Kzug988KyLPdXxl5l17ZI/s2500/137Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8kF7wuZX3afBiFuE0BixksPOj49NSlU62oy0RR_c7YEZbCj7JXQDpF74ZFMuWovJWIf6t6Tctr-AWXNat39mgCUmlRkhx4aNPKFYrIWmSDIVucI5I2G2mqXhDyyPO7K2xk9SOg3bCaLTKcgEU300RGPYuOJaoB_ybenNOi4Kzug988KyLPdXxl5l17ZI/w400-h300/137Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div style="text-align: justify;">Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. Next is a climb to $2,500, $5,000 and over $10,000. Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards the $10,000 - $15,000 range per ounce. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div><div style="text-align: justify;">We can expect in the coming months that next will be new all-time highs for Gold following this breakout which opens the road to climb to new record prices of $2,500, $5,000 and over $10,000 per ounce of Gold.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div><div style="text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html" style="color: #6699cc; text-decoration: none;"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/s2500/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/w400-h300/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;">The US National Debt has exceeded $34 Trillion dollars and is unsustainable. The ability to continue paying interest and increase this debt depends on the faith in the value of the US Dollar and appetite for US Treasuries.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/s2500/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/w400-h300/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div style="text-align: justify;">After a very brief "deleveraging", the global financial system is back to increasing debt-to-GDP ratio. Total Global Debt stock is at a record $313 Trillion dollars.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div><div style="text-align: justify;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html" style="color: #6699cc; text-decoration: none;"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="text-align: start;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/s700/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="603" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/w400-h344/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="border: medium; position: relative;" width="400" /></a></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"> </span><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333;"><span style="font-family: inherit;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/w400-h300/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><blockquote style="text-align: start;"><span style="font-family: inherit;">"<b>High gold price reflects strong demand</b></span></blockquote><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.</span></div></blockquote><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (<b>World Gold Council, 31 January 2024)</b></span></div></blockquote></div></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1i_44U2Rzkp8rBNsVpSAh0uMb_shsrkGACGqQfz0m6Y2GwIlBxnsXWf-RJSIBYrF72SMHF4EZEc-jS_Dgv2OiWANYhuydLIInlOWC_8zKNQSd3x6wAQZ3YkNJ8h30I-Yc5DDFCBawIa_opKdd7S6jzg9J_o0lAZBwlRS1K4AHcVDkSuMrkxMd3P6CPyI/s2500/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1i_44U2Rzkp8rBNsVpSAh0uMb_shsrkGACGqQfz0m6Y2GwIlBxnsXWf-RJSIBYrF72SMHF4EZEc-jS_Dgv2OiWANYhuydLIInlOWC_8zKNQSd3x6wAQZ3YkNJ8h30I-Yc5DDFCBawIa_opKdd7S6jzg9J_o0lAZBwlRS1K4AHcVDkSuMrkxMd3P6CPyI/w400-h300/139Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div>China continues to accumulate Gold and reported a jump in reserves.</div><div><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">The whole world will be probably shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div style="text-align: start;"><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;" /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;">We have The Peak Gold Supply in place which will be driving the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and they will have to start looking more aggressively for new major Gold projects.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><div style="text-align: center;"><div class="separator" style="clear: both; text-align: justify;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://tnrgoldcorp.com/projects/shotgun-gold-alaska/" style="color: #6699cc; text-decoration: none;">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p></p><blockquote><p style="text-align: justify;"></p></blockquote></blockquote><p style="text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div style="text-align: justify;"><div class="separator" style="clear: both;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b>Kirill Klip, Executive Chairman</b></p><p style="text-align: right;"><b>TNR Gold Corp.</b></p></div></blockquote></div></div></div><p><br /></p><div><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px;"><br /></div></b></div></div></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; text-align: center;"><div class="post-body entry-content" id="post-body-4398720691491795643" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div><div class="separator" style="clear: both;"><div style="text-align: center;"><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-weight: 400;"><span style="font-family: inherit;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-weight: 400;"><span style="font-family: inherit;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. <o:p></o:p></span></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></span></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Thank you for your support of TNR Gold!<o:p></o:p></span></span></p><p style="font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold. <o:p></o:p></span></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-40966730590861350622024-03-05T04:20:00.000-08:002024-03-05T04:20:49.954-08:00TNR Gold Reports Significant Progress and Enhanced Valuations at Los Azules Project<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGYd4Pj7X015cDbbVC_aBmQTycx3iHN58xy_QpDl5zBGObzNn_7XIAwQNc2sC6kV90xpc4Wmu-3beCKhVFH1WcARrzC4BgxhbUkn9zg9UoiVgjI1vpBBRgkd5p0nrmGUG01CIeoKi4-TwLuVGTgpVmwPqHXZXjh_MCAKwlRnk_FmSQRaK6itLYgKRoKn0/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiGYd4Pj7X015cDbbVC_aBmQTycx3iHN58xy_QpDl5zBGObzNn_7XIAwQNc2sC6kV90xpc4Wmu-3beCKhVFH1WcARrzC4BgxhbUkn9zg9UoiVgjI1vpBBRgkd5p0nrmGUG01CIeoKi4-TwLuVGTgpVmwPqHXZXjh_MCAKwlRnk_FmSQRaK6itLYgKRoKn0/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a><br /><br /></p><p style="text-align: justify;">“<b><a href="https://kirillklip.blogspot.com/2024/02/tnr-gold-nsr-royalty-holding-san-juan.html" style="color: #6699cc; text-decoration: none;">We are pleased that significant developments on the advancement of the Los Azules Copper Project</a> </b>towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. </p><p style="text-align: justify;"><br /></p>
<div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/4QHNcHgXkes?si=Dl3T_ECg66KPAiPj" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both;">In February 2023, Stellantis invested ARS $30 billion, and with additional investment of ARS $42 billion made after the new preliminary economic assessment (PEA) publication, has a total investment of ARS $72 billion. </div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGqr030OlboumNRaRpn2F2YU4wpLt-hsP7qmJXLPyq-w3LO-M0-lHdvMHQjGYKbJiiR-zr7whJg_PtqAi9pazsHxPrwF_5mhM-VpfWihV4V4YuaSh4oUQBx5cyTq0H3tFg48l9cGGLgiYWEAMGM9lE60e-wBKWpdok1K_koR5TF7mEnJwjnLkqEFC9RQ/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGqr030OlboumNRaRpn2F2YU4wpLt-hsP7qmJXLPyq-w3LO-M0-lHdvMHQjGYKbJiiR-zr7whJg_PtqAi9pazsHxPrwF_5mhM-VpfWihV4V4YuaSh4oUQBx5cyTq0H3tFg48l9cGGLgiYWEAMGM9lE60e-wBKWpdok1K_koR5TF7mEnJwjnLkqEFC9RQ/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeKjtmcbt2qmRrl3ZMUBA5psjGWDoPjwuXRxeaa7z5EGIR8ot2xl74sUOFCe6uEf5yq0dX4_0yZExj96w_hMyRsDL9PXjKO9vdYhC-WDNFJkCPH6wUw_96qVCj9La3PdC889iXZYOq5BRZ-Sn0neaxNBgUbap6FBcoZhGliD5C2QsI-qAE9-xxHLmo9Qc/s2500/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeKjtmcbt2qmRrl3ZMUBA5psjGWDoPjwuXRxeaa7z5EGIR8ot2xl74sUOFCe6uEf5yq0dX4_0yZExj96w_hMyRsDL9PXjKO9vdYhC-WDNFJkCPH6wUw_96qVCj9La3PdC889iXZYOq5BRZ-Sn0neaxNBgUbap6FBcoZhGliD5C2QsI-qAE9-xxHLmo9Qc/w400-h300/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-RkA5U5g9gX-pllbZG-xXsqAnrjVhpRPccDO8xqRjbkrMvM6HmH_DpAgPOgIhO7LU3pn0YIRZYzRLVpThf4wwm6vSTqC-rShrUK3RgU79aVqyvw7hyphenhyphenhk-IMaCbSlsPEOo6XKA2eLHp725OScmkxfFOPkhpTqZi4UustNmLYPcfvyDua2yEDH1zSxDSfQ/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-RkA5U5g9gX-pllbZG-xXsqAnrjVhpRPccDO8xqRjbkrMvM6HmH_DpAgPOgIhO7LU3pn0YIRZYzRLVpThf4wwm6vSTqC-rShrUK3RgU79aVqyvw7hyphenhyphenhk-IMaCbSlsPEOo6XKA2eLHp725OScmkxfFOPkhpTqZi4UustNmLYPcfvyDua2yEDH1zSxDSfQ/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Strong team performance is accelerating the McEwen Copper Los Azules program. <a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;"><b>The Los Azules Project PEA</b></a> results highlighted the potential to create very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatHxmuBgiOlhYXQE56fLqGPvAvGHWUAMi5hlGkZt56DZJp200QYPBCPShaBaPvBdf2TwT5QgB_8x7Cu-M5Egw14wdWROTm3wbWl6m60igonlGDseERc1BSPEiMp4DoN_6OU0mPGk7zIuYX5tPMBkj9jT_-7qXByma1Y-Tov_aVMMf_p6n9vppNzPius8/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatHxmuBgiOlhYXQE56fLqGPvAvGHWUAMi5hlGkZt56DZJp200QYPBCPShaBaPvBdf2TwT5QgB_8x7Cu-M5Egw14wdWROTm3wbWl6m60igonlGDseERc1BSPEiMp4DoN_6OU0mPGk7zIuYX5tPMBkj9jT_-7qXByma1Y-Tov_aVMMf_p6n9vppNzPius8/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokaCC5LIPbKWLEvZZsRRS_j5P_SfYSYbUXv3Yo_ByURODvBp4MS8y5-dw3jQMguugaDGVtV-VFtKF2ObGa89OE-kdzktu-NCkpv4iDrUAmff2eQ6TNpnoGHjuyP58KaYqQ9J6T3mYiTPdODpvAtGIbxpx-B7VLGpB_MuX4zcIpdrvaTk4cFm7t19V0JM/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokaCC5LIPbKWLEvZZsRRS_j5P_SfYSYbUXv3Yo_ByURODvBp4MS8y5-dw3jQMguugaDGVtV-VFtKF2ObGa89OE-kdzktu-NCkpv4iDrUAmff2eQ6TNpnoGHjuyP58KaYqQ9J6T3mYiTPdODpvAtGIbxpx-B7VLGpB_MuX4zcIpdrvaTk4cFm7t19V0JM/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px; text-align: justify;"><div style="text-align: center;"><div style="text-align: start;"><div style="font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div></div></div></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1qtNAOTwVpN3MjWCyHp08_HRKwiiziRl1OOd2Bddr1uOOyg9uA3XGshVrdHYzARHMXlbHJ5-7Yluirdn3RSiDwbZFk_MSX9eLvTzEBaFNetF5lrIFgDbCJ3SZb8e03IDjZNOJXo2kitNwMIUbaUZnvpTqGXtbciWt7agdTaeWUGuGMP9WS-mcadGv0s0/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1qtNAOTwVpN3MjWCyHp08_HRKwiiziRl1OOd2Bddr1uOOyg9uA3XGshVrdHYzARHMXlbHJ5-7Yluirdn3RSiDwbZFk_MSX9eLvTzEBaFNetF5lrIFgDbCJ3SZb8e03IDjZNOJXo2kitNwMIUbaUZnvpTqGXtbciWt7agdTaeWUGuGMP9WS-mcadGv0s0/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><br /><i><br /></i></b></div></div></div></div></div></div></div><div class="separator" style="clear: both; text-align: justify;"><b><br /></b></div><div class="separator" style="clear: both; text-align: justify;"><b><br /></b></div><div class="separator" style="clear: both; text-align: justify;"><b>TNR Gold:</b></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin: 0.67em 0px; position: relative; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold NSR Royalty Update – Los Azules </strong><strong style="box-sizing: border-box;">Copper, Gold and Silver Project – McEwen Copper Reports Improved Copper Recovery</strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – February 28, 2023: <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that McEwen Mining Inc. (“<strong style="box-sizing: border-box;">McEwen Mining</strong>”) has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (“<strong style="box-sizing: border-box;">NSR Royalty</strong>”) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. (“<strong style="box-sizing: border-box;">McEwen Copper</strong>”), a subsidiary of McEwen Mining.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9K9G6bzPAOlmm5bC1Tskn3c3Mx4e8YUs7XduTnZXisj0RImBVQ7upAz__UGQxxAQqgWT0aJnI8MwyzMU8Cnu4mx_Ah2GgsMQX6mr9ipFsRH0uHpGiAES3JVNr-A8jpVUJ4fITICO_zE170AoiVW2rnZAUg4XteZKSClzw8fRu0uEXMnzeuC2q0so_HN8/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9K9G6bzPAOlmm5bC1Tskn3c3Mx4e8YUs7XduTnZXisj0RImBVQ7upAz__UGQxxAQqgWT0aJnI8MwyzMU8Cnu4mx_Ah2GgsMQX6mr9ipFsRH0uHpGiAES3JVNr-A8jpVUJ4fITICO_zE170AoiVW2rnZAUg4XteZKSClzw8fRu0uEXMnzeuC2q0so_HN8/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The news release issued by McEwen Mining on February 22, 2024 stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Copper Inc</em></strong><em style="box-sizing: border-box;">., 47.7% owned by </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)</em></strong><em style="box-sizing: border-box;">, is pleased to announce results from the recently completed Phase 1 copper heap leaching metallurgical tests undertaken at SGS Chile Limitada in Santiago, Chile. The test results were produced utilizing conventional bio-heap leaching technology and generated an average copper recovery of 76.0%. This represents an increase of 3.2% over the recovery rate used in the June 2023 Preliminary Economic Assessment (PEA) for Los Azules. These test results were reviewed by Jim Sorensen and Michael McGlynn at Samuel Engineering Inc., who are responsible for the development and oversight of the metallurgical programs.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Metallurgical Testing Delivers a 3.2% Increase in Predicted Copper Recovery at Los Azules</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrY9zn8rOBjZd-5Nhow71H5cfChKpP6MIAcKmJ33uE89stKnEVpI6gwwVhadH62Ysn0pqH5UliZmiVFe-rxjQEcGAjnIQwsPJcR7EAMjelYlV5LUvvBPzA4PEFMeX0vdtnzzCFghsytv8SijA0ONgyCDVRyusbbUXy3BPJdJdFL99KRr0bcBtf70UN2v4/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrY9zn8rOBjZd-5Nhow71H5cfChKpP6MIAcKmJ33uE89stKnEVpI6gwwVhadH62Ysn0pqH5UliZmiVFe-rxjQEcGAjnIQwsPJcR7EAMjelYlV5LUvvBPzA4PEFMeX0vdtnzzCFghsytv8SijA0ONgyCDVRyusbbUXy3BPJdJdFL99KRr0bcBtf70UN2v4/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><em style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></em><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 1 Results</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Based on the Phase 1 test results available at the time and prior historical column test work, the PEA used an average copper recovery of </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">72.8%</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">by employing conventional bio-heap leaching technology (see results published June 20, 2023). Final results of Phase 1 show an increase in the average recovery to </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">76.0%</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">in approximately 230 days of leaching over the planned 27-year life of the project. Average net acid consumption was also reduced by 8.3% relative to the PEA.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The potential impact of the 3.2% increase in average recovery and 8.3% reduction in net acid consumption can be illustrated by selectively adjusting the PEA Base Case financial model, which results in a life of mine copper cathode production increase of </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">172,000</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">tonnes and an after-tax NPV(8%) increase of approximately </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">$262 million</em></strong><em style="box-sizing: border-box;">. This disclosure should not be taken to modify or update the conclusions of the PEA.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Deposit Mineralogy</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Located in San Juan, Argentina, the Los Azules deposit consists primarily of secondary copper mineralization (supergene zone of predominantly chalcocite), with minimal oxide copper content. Additionally, there is a deeper primary copper (hypogene zone of predominantly chalcopyrite with some zones of significant bornite).</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Metallurgical Testing Phases</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Preliminary results from the Phase 1 program along with historical metallurgical testing at Los Azules were used to support the 2023 Preliminary Economic Assessment (PEA), which proposed an environmentally friendly heap leach alternative to a conventional copper concentrator. The testing program is now advancing with two additional phases (2 & 3) currently underway to support the Feasibility Study (FS). Drilling activities related to the current study work started in 2021 and are continuing into 2024. The leach testing protocols are based on conventional bio-leaching methods used extensively in commercial applications for supergene copper mineralization. The current phases, 2 & 3, are being conducted at SGS Chile and Alfred H. Knight (ASMIN Industrial Limitada) laboratories, both located in Santiago, Chile.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 1</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program was initiated using drill core from drilling programs completed prior to 2021, but not older than 2015, for a total of 21 column tests. Started in 2022, Phase 1 has now been completed and final results received. Preliminary results of this work and prior historical leach testing information were used for the PEA metallurgical assumptions.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 2</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program utilizes drill core from the 2022-2023 drilling campaign and focuses on deposit-wide variability testing, leaching protocol optimization and scalability. A total of 34 column tests are in progress, with results expected in Q2 2024.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 3</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program is also started, utilizing additional drill core material from the ongoing 2023-2024 drilling program. Phase 3 testing is focusing on the material of the initial 5-year mine plan, as delineated in the PEA. A total of 33 additional column tests are planned as part of this final confirmatory testing program, with results anticipated in Q4 2024.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The combined metallurgical programs comprise a total of 88 column tests to be used for the FS metallurgical design basis and geo-metallurgical model.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Copper assaying is conducted using a sequential method to determine the relative amounts of acid soluble (CuAS) and cyanide soluble (CuCN) copper mineralization (oxides and secondary sulfides). When combined, these two partial assay methods are generally considered readily soluble copper (CuSOL), extractable with conventional heap leaching technologies. Copper assayed that does not report to these two partial assay methods is classified as residual copper (CuRES) and is considered copper that requires additional time or is potentially not recoverable with conventional heap leaching technologies.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The finalized results from the Phase 1 metallurgy program for tests completed at minus ½” and ¾” crush sizes confirmed that soluble copper (CuSOL) component recovery is 100% for all leachable resources. The information in Figure 1 below shows the minus ¾” (19 mm) test results. The PEA envisions a minus ¾” crush size for the heap leaching feed in the commercial application.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1 – Soluble Copper Recovery Kinetics</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2462" decoding="async" fetchpriority="high" height="459" sizes="(max-width: 884px) 100vw, 884px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-200x104.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-300x156.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-400x208.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-600x312.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-768x399.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-800x415.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png 884w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="884" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The recovery results for the residual copper (CuRES) component shown in Figure 2 indicated an average recovery of 25%, an increase of 10% from the 15% preliminary recovery assumption used in the PEA. The additional residual copper recovery when applied to the entire resource increases the overall average recovery from 72.8% to 76.0%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 – Residual Copper Recovery Kinetics</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2463" decoding="async" height="461" sizes="(max-width: 879px) 100vw, 879px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-200x105.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-300x157.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-400x210.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-600x315.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-768x403.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-800x420.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png 879w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="879" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Figure 3 below illustrates the increase in potential copper production throughout the mine life, attributable to the improved recovery, in comparison with the PEA assumptions. The initial two production years do not show additional recovered copper, as the design capacity of the electrowinning plant considered in the PEA is fully utilized. </em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 – Copper Cathode Production (PEA & Revised Model)</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2464" decoding="async" height="461" sizes="(max-width: 984px) 100vw, 984px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-200x94.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-300x141.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-400x187.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-600x281.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-768x360.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-800x375.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png 984w" style="border: medium; box-sizing: border-box; height: auto; max-width: 100%; position: relative; vertical-align: top;" width="984" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">The sulfuric acid consumption has also been updated with the Phase 1 final results. The averaged net sulfuric acid consumption reported in the PEA was 18 kilograms per ton of ore processed. The finalized Phase 1 testing now indicates a reduction of 8.3% to 16.5 kilograms per ton. The primary reason for the reduction of acid consumption is minimizing excess acid in the leaching solutions and operating the columns at a pH closer to 2.0 pH than the historic column work at 1.2 pH, which minimizes acid consumption by excess unmineralized gangue material dissolution. This lowered acid requirement may also improve the project economics, both NPV and IRR, by reducing the operating costs for copper produced and increasing revenue from the same tonnes mined.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Bioleaching Summary</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Copper bioleaching has been a commercially applied technology at altitudes similar to the Los Azules site and as much as 1,000 meters higher for several decades, in multiple locations around the world. Testing is conducted in conventional leach test columns by inoculation of the columns with naturally occurring bacterial ferrooxidans and thiooxidans prior to introduction of the leach solution. Bacterial cultures for the inoculum were sourced from the testing laboratories and adapted to the Los Azules leach material. Ferrooxidans convert the ferrous iron in solution to ferric iron, while thiooxidans convert the sulfur produced in the copper sulfide leaching activity to sulfuric acid/sulfate. Ferric iron is the key chemical component necessary for leaching of copper sulfide material. Bioactivity in the tests is monitored by measurement of the ferrous/ferric ratios and electrochemical oxidation potential in the leaching solutions.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKuJ_uzMP_6jZ_MgsRVk9qjlqr7UNYX86NNzCY8LBbufgBR67mCQ45ie-1w8Rd9aRnXRLontlrpIwF8se6A7tQHwlaWMf_vtetZwd8N0sJ9Sko_mAsFZrTPX97P4IMYIHSH6U6SaVmBKla3_fv2naiVxl0BpLthafsfkjaLo3HSlx1u-bJxPxyJ07YzFE/s3333/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKuJ_uzMP_6jZ_MgsRVk9qjlqr7UNYX86NNzCY8LBbufgBR67mCQ45ie-1w8Rd9aRnXRLontlrpIwF8se6A7tQHwlaWMf_vtetZwd8N0sJ9Sko_mAsFZrTPX97P4IMYIHSH6U6SaVmBKla3_fv2naiVxl0BpLthafsfkjaLo3HSlx1u-bJxPxyJ07YzFE/w400-h225/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><em style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></em><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN COPPER</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">McEwen Copper is a well-funded, private company which owns 100% of the large, advanced-stage Los Azules copper project, located in the San Juan province, Argentina. McEwen Copper is a 47.7% owned private subsidiary of McEwen Mining, which is listed on NYSE and TSX under the ticker MUX.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">Los Azules is being designed to be distinctly different from conventional copper mines, consuming significantly less water, emitting much lower carbon levels and progressing to be carbon neutral by 2038, being powered by 100% renewable energy once in operation. The project’s recently updated Preliminary Economic Assessment (PEA) projects a long life of mine, low production costs per pound, a short payback period, high annual copper production, and an after-tax IRR of 21.1%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivkLKGZMXzqVm6YAsG2zxOhiL87-BV0Z_iKi7lOYk-aF49z74Rc7ueAWCTwV0W7KvAVSnbxHEDz0tE7SDHSpk3_g7DJxt6UMbpYQqw7fuVPGZDIXxLisBEqJsPE-72T8OMKbVML1vlyFbTSmpK-QWhJtZDDCS_NOQh_a8i3eBikZitg8cPUrREU7pPvo/s3333/103TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivkLKGZMXzqVm6YAsG2zxOhiL87-BV0Z_iKi7lOYk-aF49z74Rc7ueAWCTwV0W7KvAVSnbxHEDz0tE7SDHSpk3_g7DJxt6UMbpYQqw7fuVPGZDIXxLisBEqJsPE-72T8OMKbVML1vlyFbTSmpK-QWhJtZDDCS_NOQh_a8i3eBikZitg8cPUrREU7pPvo/w400-h225/103TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><em style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></em><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN MINING</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced stage Los Azules copper project in Argentina. The Company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, Chairman and Chief Owner, has a personal investment in the company of US$220 million. His annual salary is US$1.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjw0THcGgc12RLhkL0P8P2HpaHN3Th6SeYxnMiXRBwy0LXOfyxdAf8DzTsw92XNVHnnXVunjdCwXRPyOEcbhu5O5TVMtiQk6ZnxTFMxvUiLOUdKk-bugZAgKTTebOhCjPIWB3lyoNvzXSpO9SveTxQowOStZWLPa89GlZk6N_WdCx0tAGv3dLElb5CgFb4/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjw0THcGgc12RLhkL0P8P2HpaHN3Th6SeYxnMiXRBwy0LXOfyxdAf8DzTsw92XNVHnnXVunjdCwXRPyOEcbhu5O5TVMtiQk6ZnxTFMxvUiLOUdKk-bugZAgKTTebOhCjPIWB3lyoNvzXSpO9SveTxQowOStZWLPa89GlZk6N_WdCx0tAGv3dLElb5CgFb4/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Strong team performance is accelerating the McEwen Copper Los Azules program. The Los Azules Project PEA results highlighted the potential to create very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIArDIDJgz_9osHVrAs8LoITpo5bYBqNqWovwHvwdfg7zAFkHdbYJVDCgykgyhPF2XGUxcxTU_d6lRJw64NiRKyMqMU-NNAp5rh0KgWo_Xq3lWvVnOb7N86bTjHLH8jNaYn0fz3wIB4fQbgD_PI1RoGSNGk8LywitKKCuGbungzkssvhaZxB3GWgmEMno/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIArDIDJgz_9osHVrAs8LoITpo5bYBqNqWovwHvwdfg7zAFkHdbYJVDCgykgyhPF2XGUxcxTU_d6lRJw64NiRKyMqMU-NNAp5rh0KgWo_Xq3lWvVnOb7N86bTjHLH8jNaYn0fz3wIB4fQbgD_PI1RoGSNGk8LywitKKCuGbungzkssvhaZxB3GWgmEMno/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; position: relative; text-transform: uppercase;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">ABOUT TNR GOLD CORP.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><strong style="box-sizing: border-box;">Kirill Klip</strong></div><strong style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">Executive Chairman</strong><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">www.tnrgoldcorp.com</div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYFZ8BYgdOuJz3cfAn3YAEE45jFpG1D0mSPp_izEUe7zsRHL5JPmOzmJy5OrLH8DotNTXVgAAOQXt_gPBsdaOmjXG3JiiqKLMtHiynyzAckoI4jD-dN2W2aHarLGVT5p9clvHXMa1BNh_Lw9GthXlNRbT1hyvWan977ydcWdVKf6UkirLOAfsCfOW_xuc/s3333/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYFZ8BYgdOuJz3cfAn3YAEE45jFpG1D0mSPp_izEUe7zsRHL5JPmOzmJy5OrLH8DotNTXVgAAOQXt_gPBsdaOmjXG3JiiqKLMtHiynyzAckoI4jD-dN2W2aHarLGVT5p9clvHXMa1BNh_Lw9GthXlNRbT1hyvWan977ydcWdVKf6UkirLOAfsCfOW_xuc/w400-h225/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-43987206914917956432024-03-02T10:52:00.000-08:002024-03-03T01:03:02.524-08:00Gold Made a New All-Time High at $2,083 Following the Highest Monthly, Quarterly and Yearly Close in History at $2,063 - Next is a Climb to $2,500, $5,000 and Over $10,000<p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7h176fi5gl2WEh83gAokYBY70vxSn9-0HBcBPRc1HK3NNuwCrW3BXp7T1MckUdZ1rs5h0LgApYb8qZW_k0q-bwVXRVN6qacQP8caM3Q_PYGo5P-GrM81rhwuv_FtXkphWuavaUrYbcnBb6bRgpAB_AhVEbmt6MqbMYc-TbL7p8vrL_ZLv1HLGnnR2lYs/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7h176fi5gl2WEh83gAokYBY70vxSn9-0HBcBPRc1HK3NNuwCrW3BXp7T1MckUdZ1rs5h0LgApYb8qZW_k0q-bwVXRVN6qacQP8caM3Q_PYGo5P-GrM81rhwuv_FtXkphWuavaUrYbcnBb6bRgpAB_AhVEbmt6MqbMYc-TbL7p8vrL_ZLv1HLGnnR2lYs/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Gold made a new all-time high at $2,083 on March 1, 2024, following the highest monthly, quarterly and yearly close in history at $2,063 smashed by the end of 2023. <a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html"><b>The previous all-time high at $2,080 was made by Gold on December 27, 2023.</b></a> </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/s2500/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhK1FF6fjDapMK073V-lDmdA-aX4ddk2ob75cDJ0NtmDHvnJ8CLm0oXagS0S24nOt6tIRvq_cCzYo65v1g09JBI8EPDF95HObAirnUQGjdD1trje4rBmnsWQoG2nruLOHV7r9QpAeHCB7Lkd_wEB1tjmNV4qJg4woFamcb-dONzHQ8IGYCvM7plOVh7aVw/w400-h300/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYiF1hPf9GwI2XSknZSpdh2rs0Re4bJ5VHie51dY4sVdCt-GViMCiPs9efHRjInHabFNJJnMNvfBoPsM-SeX_HaxXBnNPV7gLzgPW_06R6pWsTf_KqFEj2pIm7akEPMz3CojHb9oqhnb4gnRRxpq5DjggyojkRyoQTJuMbj2NdK3yNPN38fKSes8afL74/s2500/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYiF1hPf9GwI2XSknZSpdh2rs0Re4bJ5VHie51dY4sVdCt-GViMCiPs9efHRjInHabFNJJnMNvfBoPsM-SeX_HaxXBnNPV7gLzgPW_06R6pWsTf_KqFEj2pIm7akEPMz3CojHb9oqhnb4gnRRxpq5DjggyojkRyoQTJuMbj2NdK3yNPN38fKSes8afL74/w400-h300/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. Next is a climb to $2,500, $5,000 and over $10,000. Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards the $10,000 - $15,000 range per ounce. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgRkLlckWTXP2i93MyLtN1hJR_q3aEMq3aBtapyEZfZNzoE_if9FqNug-4BdiY3FU4_1lJeoAlKCgsmTbQiQKMGiNDuqHP0LVisJ5hqSHkdd0ryqKpccYtTJfyjtFDos7IAVylz_xqYLEe9negmEkyHB7mGg6g4jFNJRqGNrvb7F9FRYNMx_DClB54714E/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">We can expect in the coming months that next will be new all-time highs for Gold confirming the breakout which will open the road to climb to new record prices of $2,500, $5,000 and over $10,000 per ounce of Gold.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQU-eqv-0KZpuWyFI5HIvUQRNgqvAQLZr3tUHeMfpOyCNBpl9cdac94hA3NZOD6sIkISbkNs2BU80jpdiUk2_uvXqNk2iH2o-PyA9axDljuzuV67z-M0hPNQc6f7XSXJAMvt6_vgTYxx_gfkh9GmL4LdpVHGjdfUQzOzB4U82O3rYn-3YqrsxdJeUQCtA/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/s2500/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVqEEavpCSsuc7Fkj-Ml68oA8ve_cvVc1LnhlzKESFfrEmtVCAkyw6g_Wzlm3kX1LpY-78rpBY915d8kIlyX8XknFIalkL-T1FMJzzMVfx-hIf0ii0N2be6eixQ5pw11hZyvfkrXp4Mzjves0QXDCWNgKm1pNiOg5rgTE5jSU15zzRWMtTC0JkXMb1xB4/w400-h300/132Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20February%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;">The US National Debt has exceeded $34 Trillion dollars and is unsustainable. The ability to continue paying interest and increase this debt depends on the faith in the value of the US Dollar and appetite for US Treasuries.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/s2500/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgBU3wiOfACMrTbF13MywiIv-n4au7sn0XvZ2mwrpWb_PdUdWjMrUGPNylQnazKw1mCCSKEr3qxyxCFSN6CyiV-RGj7EpSuxE1VaL9X0Ic8J4Meu8spcb3qGYfMZ6FclN4SwTUr8trCjekk-pIWyp43PuBAk8SZKcqmUfI_RX8V0QYeh_uMcB7UK4SuuU/w400-h300/133Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;">After a very brief "deleveraging", the global financial system is back to increasing debt-to-GDP ratio. Total Global Debt stock is at a record $313 Trillion dollars.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIPYyrKaqaZR4SQZMCv4qNvXWw5xizukc4TNe_yBPsN_L-S39lp8f3Bw6cDR0A45QTjCSkTXUA1eXOvMkD5UDNV90L07qK-q9ZUX_YUN5hgMOYPKI-LQCcl8kDY7_Rkfa0q6_h9veQN4u0a9w9V6xGXIMtIcfAcs_EM6lMymKJXAGVQL20FvocrjZxU_8/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg8bYIqXycgiWsEhzzLYZBB76Z6NJfyV8MqfIr6dXdEs2MPmzjAf3_ABKLKYQlCbF5cQKiQzwoN3bCkJyEEB1m4gwt95NEqO8zccZoiBXXsMAcVZXEmT7_fz3J21MJi20E2jzQPnsxLYx-IIZoM4_vRtzSMC3WT2Gyo4ve6gg5BzVHimR1VrElue4VVBaU/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/s700/TNR%20Gold%20NW%20HT%2012.02.2024.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="603" data-original-width="700" height="344" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijuYjX34KLBULwiqf_VRYesuaYGPjEbKSB-AfYeyq41Xjx73DxKAo7-6XuL3pYqg7G-N-a52rIDFxRxXLqpJxIPFO4i4vjFDxIwNeXCdAFq41BdYeuIKfRslr2tD2RnDz6OH0kl0ppdLLpSw51gDKY0YVWM4PBLVBdZauzpOtvlu8eEbvUy7Qo5pETTwo/w400-h344/TNR%20Gold%20NW%20HT%2012.02.2024.png" width="400" /></a></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"> </span><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;" /><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: center;"><span style="font-family: inherit;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8eS8EvCQDEsDgs5nOEP9r2oxqwbHphLhQvIXI7P-CFPICd_zIHn36F2ABXTib9O2-m6gv7f5ZZMGOBQTcpdHY_1uq3BseCuYU-Ek3S8kYiyKRHkKHiaHihaJmS2DWHnxXs8gyhVydPB90dLkGNAM8E_TM40B5bJ0uhLu9n64yJo_guEX2SnInDgGqwfg/w400-h300/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><blockquote style="text-align: start;"><span style="font-family: inherit;">"<b>High gold price reflects strong demand</b></span></blockquote><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. </span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: justify;"><span style="font-family: inherit;">Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.</span></div></blockquote><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (<b>World Gold Council, 31 January 2024)</b></span></div></blockquote></div></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJUDdYO81-6K7805-btDbFIqvpCDCA2AGvmsGvi0zRJAmPL-8Zp7dppuRAXozrn0fPD7CdsQO5gc0yeDo0ojkGSIDlXY0OlrFK22lCRpUjhfcpRMzEE2V9bV3fnTC-fkvfgg20IoKKPWfvf2GTYRsnSalpLYfPtqdcMu8vDz1arcEJji8HagiEoJhokU8/s2500/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJUDdYO81-6K7805-btDbFIqvpCDCA2AGvmsGvi0zRJAmPL-8Zp7dppuRAXozrn0fPD7CdsQO5gc0yeDo0ojkGSIDlXY0OlrFK22lCRpUjhfcpRMzEE2V9bV3fnTC-fkvfgg20IoKKPWfvf2GTYRsnSalpLYfPtqdcMu8vDz1arcEJji8HagiEoJhokU8/w400-h300/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 17.968498px; text-align: center;"><br /></div><div style="text-align: center;">China continues to accumulate Gold and reported a jump in reserves.</div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">The whole world will be probably shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div><br style="font-size: 14.85px;" /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="clear: both;"><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div style="text-align: justify;">We have The Peak Gold Supply in place which will be driving the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and they will have to start looking more aggressively for new major Gold projects.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixC-40npgA3qAZWWA6OkUra8HykjyxM39X341CJpM5ac9_kN_vU1EDYHsXJjc2BcsichmIcmOvH-pj2T9loImT64MDVlVFc-DIbhJAFTK85p4jVy8zQmF05n9fC8xLaB6Snki14Gk40xzL0AZJ7EQneVRgvKUJq-suWa2sGqzN53_lcOSqKu9veDeMFRI/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: center;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: justify;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://tnrgoldcorp.com/projects/shotgun-gold-alaska/" style="color: #6699cc; text-decoration: none;">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p></p><blockquote><p style="text-align: justify;"></p></blockquote></blockquote><p style="text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div style="text-align: justify;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b>Kirill Klip, Executive Chairman</b></p><p style="text-align: right;"><b>TNR Gold Corp.</b></p></div></blockquote></div></div></div><p><br /></p><div><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><b style="text-align: center;"><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-weight: 400;"><span style="font-family: inherit;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</span></blockquote></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-weight: 400;"><span style="font-family: inherit;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-weight: 400;"><span style="font-family: inherit;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. <o:p></o:p></span></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background: repeat white; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background: repeat white; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></span></p><p style="background: repeat white; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Thank you for your support of TNR Gold!<o:p></o:p></span></span></p><p style="font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold. <o:p></o:p></span></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></div></div><p></p>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-22217940693089956532024-02-29T04:00:00.000-08:002024-02-29T04:28:21.542-08:00TNR Gold NSR Royalty Update – Los Azules Copper, Gold and Silver Project – McEwen Copper Reports Improved Copper Recovery<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIfPXMfziOTnOfI9haNxInjKDj8ZpO2y-G9lLVQPe8AkPxiYL0hUPX9GE1xGD4u4mqO9Dxx1ULmLfVaWXNyF99Xcadc6qDUo1SB0-9CPJzAZLDDCajBarCQ91hzMakAxd5W0Ncnc09cl9foXIeU4OxA_uc-jCCZLxQlQxDS5hbS1y4839XfOmFXoJWOdQ/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIfPXMfziOTnOfI9haNxInjKDj8ZpO2y-G9lLVQPe8AkPxiYL0hUPX9GE1xGD4u4mqO9Dxx1ULmLfVaWXNyF99Xcadc6qDUo1SB0-9CPJzAZLDDCajBarCQ91hzMakAxd5W0Ncnc09cl9foXIeU4OxA_uc-jCCZLxQlQxDS5hbS1y4839XfOmFXoJWOdQ/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="clear: both;">“<b><a href="https://kirillklip.blogspot.com/2024/02/tnr-gold-nsr-royalty-holding-san-juan.html">We are pleased that significant developments on the advancement of the Los Azules Copper Project</a> </b>towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of ARS $42 billion made after the new preliminary economic assessment (PEA) publication, has a total investment of ARS $72 billion. </div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGqr030OlboumNRaRpn2F2YU4wpLt-hsP7qmJXLPyq-w3LO-M0-lHdvMHQjGYKbJiiR-zr7whJg_PtqAi9pazsHxPrwF_5mhM-VpfWihV4V4YuaSh4oUQBx5cyTq0H3tFg48l9cGGLgiYWEAMGM9lE60e-wBKWpdok1K_koR5TF7mEnJwjnLkqEFC9RQ/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitGqr030OlboumNRaRpn2F2YU4wpLt-hsP7qmJXLPyq-w3LO-M0-lHdvMHQjGYKbJiiR-zr7whJg_PtqAi9pazsHxPrwF_5mhM-VpfWihV4V4YuaSh4oUQBx5cyTq0H3tFg48l9cGGLgiYWEAMGM9lE60e-wBKWpdok1K_koR5TF7mEnJwjnLkqEFC9RQ/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeKjtmcbt2qmRrl3ZMUBA5psjGWDoPjwuXRxeaa7z5EGIR8ot2xl74sUOFCe6uEf5yq0dX4_0yZExj96w_hMyRsDL9PXjKO9vdYhC-WDNFJkCPH6wUw_96qVCj9La3PdC889iXZYOq5BRZ-Sn0neaxNBgUbap6FBcoZhGliD5C2QsI-qAE9-xxHLmo9Qc/s2500/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgeKjtmcbt2qmRrl3ZMUBA5psjGWDoPjwuXRxeaa7z5EGIR8ot2xl74sUOFCe6uEf5yq0dX4_0yZExj96w_hMyRsDL9PXjKO9vdYhC-WDNFJkCPH6wUw_96qVCj9La3PdC889iXZYOq5BRZ-Sn0neaxNBgUbap6FBcoZhGliD5C2QsI-qAE9-xxHLmo9Qc/w400-h300/116Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-RkA5U5g9gX-pllbZG-xXsqAnrjVhpRPccDO8xqRjbkrMvM6HmH_DpAgPOgIhO7LU3pn0YIRZYzRLVpThf4wwm6vSTqC-rShrUK3RgU79aVqyvw7hyphenhyphenhk-IMaCbSlsPEOo6XKA2eLHp725OScmkxfFOPkhpTqZi4UustNmLYPcfvyDua2yEDH1zSxDSfQ/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg-RkA5U5g9gX-pllbZG-xXsqAnrjVhpRPccDO8xqRjbkrMvM6HmH_DpAgPOgIhO7LU3pn0YIRZYzRLVpThf4wwm6vSTqC-rShrUK3RgU79aVqyvw7hyphenhyphenhk-IMaCbSlsPEOo6XKA2eLHp725OScmkxfFOPkhpTqZi4UustNmLYPcfvyDua2yEDH1zSxDSfQ/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Strong team performance is accelerating the McEwen Copper Los Azules program. <a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html"><b>The Los Azules Project PEA</b></a> results highlighted the potential to create very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatHxmuBgiOlhYXQE56fLqGPvAvGHWUAMi5hlGkZt56DZJp200QYPBCPShaBaPvBdf2TwT5QgB_8x7Cu-M5Egw14wdWROTm3wbWl6m60igonlGDseERc1BSPEiMp4DoN_6OU0mPGk7zIuYX5tPMBkj9jT_-7qXByma1Y-Tov_aVMMf_p6n9vppNzPius8/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiatHxmuBgiOlhYXQE56fLqGPvAvGHWUAMi5hlGkZt56DZJp200QYPBCPShaBaPvBdf2TwT5QgB_8x7Cu-M5Egw14wdWROTm3wbWl6m60igonlGDseERc1BSPEiMp4DoN_6OU0mPGk7zIuYX5tPMBkj9jT_-7qXByma1Y-Tov_aVMMf_p6n9vppNzPius8/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokaCC5LIPbKWLEvZZsRRS_j5P_SfYSYbUXv3Yo_ByURODvBp4MS8y5-dw3jQMguugaDGVtV-VFtKF2ObGa89OE-kdzktu-NCkpv4iDrUAmff2eQ6TNpnoGHjuyP58KaYqQ9J6T3mYiTPdODpvAtGIbxpx-B7VLGpB_MuX4zcIpdrvaTk4cFm7t19V0JM/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiokaCC5LIPbKWLEvZZsRRS_j5P_SfYSYbUXv3Yo_ByURODvBp4MS8y5-dw3jQMguugaDGVtV-VFtKF2ObGa89OE-kdzktu-NCkpv4iDrUAmff2eQ6TNpnoGHjuyP58KaYqQ9J6T3mYiTPdODpvAtGIbxpx-B7VLGpB_MuX4zcIpdrvaTk4cFm7t19V0JM/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px; text-align: justify;"><div style="text-align: center;"><div style="text-align: start;"><div style="font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div></div></div></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1qtNAOTwVpN3MjWCyHp08_HRKwiiziRl1OOd2Bddr1uOOyg9uA3XGshVrdHYzARHMXlbHJ5-7Yluirdn3RSiDwbZFk_MSX9eLvTzEBaFNetF5lrIFgDbCJ3SZb8e03IDjZNOJXo2kitNwMIUbaUZnvpTqGXtbciWt7agdTaeWUGuGMP9WS-mcadGv0s0/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj1qtNAOTwVpN3MjWCyHp08_HRKwiiziRl1OOd2Bddr1uOOyg9uA3XGshVrdHYzARHMXlbHJ5-7Yluirdn3RSiDwbZFk_MSX9eLvTzEBaFNetF5lrIFgDbCJ3SZb8e03IDjZNOJXo2kitNwMIUbaUZnvpTqGXtbciWt7agdTaeWUGuGMP9WS-mcadGv0s0/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><br /><i><br /></i></b></div></div></div></div></div></div></div><div class="separator" style="clear: both; text-align: justify;"><b><span style="font-size: medium;"><br /></span></b></div><div class="separator" style="clear: both; text-align: justify;"><b><span style="font-size: medium;"><br /></span></b></div><div class="separator" style="clear: both; text-align: justify;"><b><span style="font-size: medium;">TNR Gold:</span></b></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin-bottom: 0.67em; margin-top: 0.67em; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold NSR Royalty Update – Los Azules </strong><strong style="box-sizing: border-box;">Copper, Gold and Silver Project – McEwen Copper Reports Improved Copper Recovery</strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – February 28, 2023: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that McEwen Mining Inc. (“<strong style="box-sizing: border-box;">McEwen Mining</strong>”) has provided an update on the Los Azules copper, gold and silver project in San Juan, Argentina. TNR holds a 0.4% net smelter returns royalty (“<strong style="box-sizing: border-box;">NSR Royalty</strong>”) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules project is held by McEwen Copper Inc. (“<strong style="box-sizing: border-box;">McEwen Copper</strong>”), a subsidiary of McEwen Mining.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9K9G6bzPAOlmm5bC1Tskn3c3Mx4e8YUs7XduTnZXisj0RImBVQ7upAz__UGQxxAQqgWT0aJnI8MwyzMU8Cnu4mx_Ah2GgsMQX6mr9ipFsRH0uHpGiAES3JVNr-A8jpVUJ4fITICO_zE170AoiVW2rnZAUg4XteZKSClzw8fRu0uEXMnzeuC2q0so_HN8/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9K9G6bzPAOlmm5bC1Tskn3c3Mx4e8YUs7XduTnZXisj0RImBVQ7upAz__UGQxxAQqgWT0aJnI8MwyzMU8Cnu4mx_Ah2GgsMQX6mr9ipFsRH0uHpGiAES3JVNr-A8jpVUJ4fITICO_zE170AoiVW2rnZAUg4XteZKSClzw8fRu0uEXMnzeuC2q0so_HN8/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued by McEwen Mining on February 22, 2024 stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Copper Inc</em></strong><em style="box-sizing: border-box;">., 47.7% owned by </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">McEwen Mining Inc. (NYSE: MUX) (TSX: MUX)</em></strong><em style="box-sizing: border-box;">, is pleased to announce results from the recently completed Phase 1 copper heap leaching metallurgical tests undertaken at SGS Chile Limitada in Santiago, Chile. The test results were produced utilizing conventional bio-heap leaching technology and generated an average copper recovery of 76.0%. This represents an increase of 3.2% over the recovery rate used in the June 2023 Preliminary Economic Assessment (PEA) for Los Azules. These test results were reviewed by Jim Sorensen and Michael McGlynn at Samuel Engineering Inc., who are responsible for the development and oversight of the metallurgical programs.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Metallurgical Testing Delivers a 3.2% Increase in Predicted Copper Recovery at Los Azules</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrY9zn8rOBjZd-5Nhow71H5cfChKpP6MIAcKmJ33uE89stKnEVpI6gwwVhadH62Ysn0pqH5UliZmiVFe-rxjQEcGAjnIQwsPJcR7EAMjelYlV5LUvvBPzA4PEFMeX0vdtnzzCFghsytv8SijA0ONgyCDVRyusbbUXy3BPJdJdFL99KRr0bcBtf70UN2v4/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrY9zn8rOBjZd-5Nhow71H5cfChKpP6MIAcKmJ33uE89stKnEVpI6gwwVhadH62Ysn0pqH5UliZmiVFe-rxjQEcGAjnIQwsPJcR7EAMjelYlV5LUvvBPzA4PEFMeX0vdtnzzCFghsytv8SijA0ONgyCDVRyusbbUXy3BPJdJdFL99KRr0bcBtf70UN2v4/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><em style="box-sizing: border-box;"><br /></em><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 1 Results</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Based on the Phase 1 test results available at the time and prior historical column test work, the PEA used an average copper recovery of </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">72.8%</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">by employing conventional bio-heap leaching technology (see results published June 20, 2023). Final results of Phase 1 show an increase in the average recovery to </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">76.0%</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">in approximately 230 days of leaching over the planned 27-year life of the project. Average net acid consumption was also reduced by 8.3% relative to the PEA.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The potential impact of the 3.2% increase in average recovery and 8.3% reduction in net acid consumption can be illustrated by selectively adjusting the PEA Base Case financial model, which results in a life of mine copper cathode production increase of </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">172,000</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">tonnes and an after-tax NPV(8%) increase of approximately </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">$262 million</em></strong><em style="box-sizing: border-box;">. This disclosure should not be taken to modify or update the conclusions of the PEA.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Deposit Mineralogy</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Located in San Juan, Argentina, the Los Azules deposit consists primarily of secondary copper mineralization (supergene zone of predominantly chalcocite), with minimal oxide copper content. Additionally, there is a deeper primary copper (hypogene zone of predominantly chalcopyrite with some zones of significant bornite).</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Metallurgical Testing Phases</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Preliminary results from the Phase 1 program along with historical metallurgical testing at Los Azules were used to support the 2023 Preliminary Economic Assessment (PEA), which proposed an environmentally friendly heap leach alternative to a conventional copper concentrator. The testing program is now advancing with two additional phases (2 & 3) currently underway to support the Feasibility Study (FS). Drilling activities related to the current study work started in 2021 and are continuing into 2024. The leach testing protocols are based on conventional bio-leaching methods used extensively in commercial applications for supergene copper mineralization. The current phases, 2 & 3, are being conducted at SGS Chile and Alfred H. Knight (ASMIN Industrial Limitada) laboratories, both located in Santiago, Chile.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 1</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program was initiated using drill core from drilling programs completed prior to 2021, but not older than 2015, for a total of 21 column tests. Started in 2022, Phase 1 has now been completed and final results received. Preliminary results of this work and prior historical leach testing information were used for the PEA metallurgical assumptions.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 2</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program utilizes drill core from the 2022-2023 drilling campaign and focuses on deposit-wide variability testing, leaching protocol optimization and scalability. A total of 34 column tests are in progress, with results expected in Q2 2024.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The </em><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Phase 3</em></strong><em style="box-sizing: border-box;"> </em><em style="box-sizing: border-box;">program is also started, utilizing additional drill core material from the ongoing 2023-2024 drilling program. Phase 3 testing is focusing on the material of the initial 5-year mine plan, as delineated in the PEA. A total of 33 additional column tests are planned as part of this final confirmatory testing program, with results anticipated in Q4 2024.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The combined metallurgical programs comprise a total of 88 column tests to be used for the FS metallurgical design basis and geo-metallurgical model.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Copper assaying is conducted using a sequential method to determine the relative amounts of acid soluble (CuAS) and cyanide soluble (CuCN) copper mineralization (oxides and secondary sulfides). When combined, these two partial assay methods are generally considered readily soluble copper (CuSOL), extractable with conventional heap leaching technologies. Copper assayed that does not report to these two partial assay methods is classified as residual copper (CuRES) and is considered copper that requires additional time or is potentially not recoverable with conventional heap leaching technologies.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The finalized results from the Phase 1 metallurgy program for tests completed at minus ½” and ¾” crush sizes confirmed that soluble copper (CuSOL) component recovery is 100% for all leachable resources. The information in Figure 1 below shows the minus ¾” (19 mm) test results. The PEA envisions a minus ¾” crush size for the heap leaching feed in the commercial application.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 1 – Soluble Copper Recovery Kinetics</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2462" decoding="async" fetchpriority="high" height="459" sizes="(max-width: 884px) 100vw, 884px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-200x104.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-300x156.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-400x208.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-600x312.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-768x399.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics-800x415.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-1-soluble-copper-recovery-kinetics.png 884w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="884" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The recovery results for the residual copper (CuRES) component shown in Figure 2 indicated an average recovery of 25%, an increase of 10% from the 15% preliminary recovery assumption used in the PEA. The additional residual copper recovery when applied to the entire resource increases the overall average recovery from 72.8% to 76.0%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 2 – Residual Copper Recovery Kinetics</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2463" decoding="async" height="461" sizes="(max-width: 879px) 100vw, 879px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-200x105.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-300x157.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-400x210.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-600x315.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-768x403.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics-800x420.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-2-residual-copper-recovery-kinetics.png 879w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="879" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Figure 3 below illustrates the increase in potential copper production throughout the mine life, attributable to the improved recovery, in comparison with the PEA assumptions. The initial two production years do not show additional recovered copper, as the design capacity of the electrowinning plant considered in the PEA is fully utilized. </em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Figure 3 – Copper Cathode Production (PEA & Revised Model)</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><a data-caption="" href="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;"><img alt="" class="alignnone size-full wp-image-2464" decoding="async" height="461" sizes="(max-width: 984px) 100vw, 984px" src="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png" srcset="https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-200x94.png 200w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-300x141.png 300w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-400x187.png 400w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-600x281.png 600w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-768x360.png 768w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model-800x375.png 800w, https://tnrgoldcorp.com/wp-content/uploads/2024/02/figure-3-copper-cathode-production-pea-revised-model.png 984w" style="border-style: none; box-sizing: border-box; height: auto; max-width: 100%; vertical-align: top;" width="984" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">The sulfuric acid consumption has also been updated with the Phase 1 final results. The averaged net sulfuric acid consumption reported in the PEA was 18 kilograms per ton of ore processed. The finalized Phase 1 testing now indicates a reduction of 8.3% to 16.5 kilograms per ton. The primary reason for the reduction of acid consumption is minimizing excess acid in the leaching solutions and operating the columns at a pH closer to 2.0 pH than the historic column work at 1.2 pH, which minimizes acid consumption by excess unmineralized gangue material dissolution. This lowered acid requirement may also improve the project economics, both NPV and IRR, by reducing the operating costs for copper produced and increasing revenue from the same tonnes mined.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Bioleaching Summary</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Copper bioleaching has been a commercially applied technology at altitudes similar to the Los Azules site and as much as 1,000 meters higher for several decades, in multiple locations around the world. Testing is conducted in conventional leach test columns by inoculation of the columns with naturally occurring bacterial ferrooxidans and thiooxidans prior to introduction of the leach solution. Bacterial cultures for the inoculum were sourced from the testing laboratories and adapted to the Los Azules leach material. Ferrooxidans convert the ferrous iron in solution to ferric iron, while thiooxidans convert the sulfur produced in the copper sulfide leaching activity to sulfuric acid/sulfate. Ferric iron is the key chemical component necessary for leaching of copper sulfide material. Bioactivity in the tests is monitored by measurement of the ferrous/ferric ratios and electrochemical oxidation potential in the leaching solutions.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKuJ_uzMP_6jZ_MgsRVk9qjlqr7UNYX86NNzCY8LBbufgBR67mCQ45ie-1w8Rd9aRnXRLontlrpIwF8se6A7tQHwlaWMf_vtetZwd8N0sJ9Sko_mAsFZrTPX97P4IMYIHSH6U6SaVmBKla3_fv2naiVxl0BpLthafsfkjaLo3HSlx1u-bJxPxyJ07YzFE/s3333/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiKuJ_uzMP_6jZ_MgsRVk9qjlqr7UNYX86NNzCY8LBbufgBR67mCQ45ie-1w8Rd9aRnXRLontlrpIwF8se6A7tQHwlaWMf_vtetZwd8N0sJ9Sko_mAsFZrTPX97P4IMYIHSH6U6SaVmBKla3_fv2naiVxl0BpLthafsfkjaLo3HSlx1u-bJxPxyJ07YzFE/w400-h225/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><em style="box-sizing: border-box;"><br /></em><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN COPPER</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">McEwen Copper is a well-funded, private company which owns 100% of the large, advanced-stage Los Azules copper project, located in the San Juan province, Argentina. McEwen Copper is a 47.7% owned private subsidiary of McEwen Mining, which is listed on NYSE and TSX under the ticker MUX.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Los Azules is being designed to be distinctly different from conventional copper mines, consuming significantly less water, emitting much lower carbon levels and progressing to be carbon neutral by 2038, being powered by 100% renewable energy once in operation. The project’s recently updated Preliminary Economic Assessment (PEA) projects a long life of mine, low production costs per pound, a short payback period, high annual copper production, and an after-tax IRR of 21.1%.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivkLKGZMXzqVm6YAsG2zxOhiL87-BV0Z_iKi7lOYk-aF49z74Rc7ueAWCTwV0W7KvAVSnbxHEDz0tE7SDHSpk3_g7DJxt6UMbpYQqw7fuVPGZDIXxLisBEqJsPE-72T8OMKbVML1vlyFbTSmpK-QWhJtZDDCS_NOQh_a8i3eBikZitg8cPUrREU7pPvo/s3333/103TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiivkLKGZMXzqVm6YAsG2zxOhiL87-BV0Z_iKi7lOYk-aF49z74Rc7ueAWCTwV0W7KvAVSnbxHEDz0tE7SDHSpk3_g7DJxt6UMbpYQqw7fuVPGZDIXxLisBEqJsPE-72T8OMKbVML1vlyFbTSmpK-QWhJtZDDCS_NOQh_a8i3eBikZitg8cPUrREU7pPvo/w400-h225/103TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><em style="box-sizing: border-box;"><br /></em><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">ABOUT MCEWEN MINING</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced stage Los Azules copper project in Argentina. The Company’s goal is to improve the productivity and life of its assets with the objective of increasing the share price and providing a yield. Rob McEwen, Chairman and Chief Owner, has a personal investment in the company of US$220 million. His annual salary is US$1.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjw0THcGgc12RLhkL0P8P2HpaHN3Th6SeYxnMiXRBwy0LXOfyxdAf8DzTsw92XNVHnnXVunjdCwXRPyOEcbhu5O5TVMtiQk6ZnxTFMxvUiLOUdKk-bugZAgKTTebOhCjPIWB3lyoNvzXSpO9SveTxQowOStZWLPa89GlZk6N_WdCx0tAGv3dLElb5CgFb4/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjw0THcGgc12RLhkL0P8P2HpaHN3Th6SeYxnMiXRBwy0LXOfyxdAf8DzTsw92XNVHnnXVunjdCwXRPyOEcbhu5O5TVMtiQk6ZnxTFMxvUiLOUdKk-bugZAgKTTebOhCjPIWB3lyoNvzXSpO9SveTxQowOStZWLPa89GlZk6N_WdCx0tAGv3dLElb5CgFb4/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. In February 2023, Stellantis invested ARS $30 billion, and with additional investment of <span style="box-sizing: border-box;">ARS $42 billion made after the new preliminary economic assessment (PEA) publication</span><span style="box-sizing: border-box;">, </span><span style="box-sizing: border-box;">has a total investment of</span> <span style="box-sizing: border-box;">ARS $72 billion.</span><strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Strong team performance is accelerating the McEwen Copper Los Azules program. The Los Azules Project PEA results highlighted the potential to create very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIArDIDJgz_9osHVrAs8LoITpo5bYBqNqWovwHvwdfg7zAFkHdbYJVDCgykgyhPF2XGUxcxTU_d6lRJw64NiRKyMqMU-NNAp5rh0KgWo_Xq3lWvVnOb7N86bTjHLH8jNaYn0fz3wIB4fQbgD_PI1RoGSNGk8LywitKKCuGbungzkssvhaZxB3GWgmEMno/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjIArDIDJgz_9osHVrAs8LoITpo5bYBqNqWovwHvwdfg7zAFkHdbYJVDCgykgyhPF2XGUxcxTU_d6lRJw64NiRKyMqMU-NNAp5rh0KgWo_Xq3lWvVnOb7N86bTjHLH8jNaYn0fz3wIB4fQbgD_PI1RoGSNGk8LywitKKCuGbungzkssvhaZxB3GWgmEMno/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 24px; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; text-align: justify;"><a href="https://tnrgoldcorp.com">ABOUT TNR GOLD Corp.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></div><strong style="box-sizing: border-box;"><div style="text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div></strong><div style="text-align: justify;">www.tnrgoldcorp.com</div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><em style="box-sizing: border-box;"></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYFZ8BYgdOuJz3cfAn3YAEE45jFpG1D0mSPp_izEUe7zsRHL5JPmOzmJy5OrLH8DotNTXVgAAOQXt_gPBsdaOmjXG3JiiqKLMtHiynyzAckoI4jD-dN2W2aHarLGVT5p9clvHXMa1BNh_Lw9GthXlNRbT1hyvWan977ydcWdVKf6UkirLOAfsCfOW_xuc/s3333/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhYFZ8BYgdOuJz3cfAn3YAEE45jFpG1D0mSPp_izEUe7zsRHL5JPmOzmJy5OrLH8DotNTXVgAAOQXt_gPBsdaOmjXG3JiiqKLMtHiynyzAckoI4jD-dN2W2aHarLGVT5p9clvHXMa1BNh_Lw9GthXlNRbT1hyvWan977ydcWdVKf6UkirLOAfsCfOW_xuc/w400-h225/100TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p></div><p><br /></p>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-44501127730764224642024-02-27T05:38:00.000-08:002024-02-27T05:38:59.872-08:00TNR Gold Eyes Growth With Strategic Royalty Investments and Share Buybacks<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPexFSjOCGVpPCfqL3BIkRvdmOM_r7XJKEWvk7AFniytah6J9OV0W6oi9JH0wTJTnoH6nnuzx_0BAMvcVyzkvb2iEb5_Ab3RvaYEsoVfxJD1P2vL83zQ-UAupXXhkEOazl0NfXPJxbzQCNb63Hdx8HhgQailWw2k0idPjETj0Ranz4Wux1yEvYIXv26N8/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPexFSjOCGVpPCfqL3BIkRvdmOM_r7XJKEWvk7AFniytah6J9OV0W6oi9JH0wTJTnoH6nnuzx_0BAMvcVyzkvb2iEb5_Ab3RvaYEsoVfxJD1P2vL83zQ-UAupXXhkEOazl0NfXPJxbzQCNb63Hdx8HhgQailWw2k0idPjETj0Ranz4Wux1yEvYIXv26N8/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a><br /><br /></p><div style="text-align: center;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are building <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b><span style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company</b></a>”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><div style="caret-color: rgb(0, 0, 0); color: black; font-family: -webkit-standard;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/QE2H3H1FO_E?si=Sr7ued5MqoQycSbE" title="YouTube video player" width="560"></iframe></div><div><br /></div><div><br /></div></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkDbiaDxH9dcxXoZFSURcWSqTWWsEqqmp4eNeNtj8KBKa63aKS1-a20fgfk1WlgpuPEiUtjOb5VcKhGjvN8Ds8flGfeB90_zJE754DZ8N5JcdH4QqQUyjl217OE40L4FnByttbO3-6mV_krN-CybqGOWtcsu4GyBHWzwnEOLiJk_lQRzaWkoviz1OVmX8/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkDbiaDxH9dcxXoZFSURcWSqTWWsEqqmp4eNeNtj8KBKa63aKS1-a20fgfk1WlgpuPEiUtjOb5VcKhGjvN8Ds8flGfeB90_zJE754DZ8N5JcdH4QqQUyjl217OE40L4FnByttbO3-6mV_krN-CybqGOWtcsu4GyBHWzwnEOLiJk_lQRzaWkoviz1OVmX8/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixVfhzkTc8qDdxyBl7e-u3t2vpoRI2ovsIB5-b7r9DvwRa-g2BDLVSjWeZoKXJ082cJnVzvs5GVHtb3AYvZ0oBv62ZFKksHsfEGiVlxrG0Od1VqYxq_uTlNK1np3Ot8b7fGNccec6ZN4tEJGbPbh__Rj9vxSDvsbNzBBcRtN88GP1z6f2rY_938Lh5MaE/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEixVfhzkTc8qDdxyBl7e-u3t2vpoRI2ovsIB5-b7r9DvwRa-g2BDLVSjWeZoKXJ082cJnVzvs5GVHtb3AYvZ0oBv62ZFKksHsfEGiVlxrG0Od1VqYxq_uTlNK1np3Ot8b7fGNccec6ZN4tEJGbPbh__Rj9vxSDvsbNzBBcRtN88GP1z6f2rY_938Lh5MaE/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. </p><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheYm2cC4b41sUWgbULgMbgQA-c6zo2uibuJpAY_gDn6G8H5MYGMJj9R2Vl5M_DtvR42QdCDwJMQoapgiza6wumeB_KUeCS5ZHOputuIRL6mYhxcnCqhw5ZOMw0JaIqdKuurVwYJatwy57A69cDVAmxSi4HLUpXCL_JJaYFi5hU-bsYmxnh1gd3cjg8YUU/s2500/292KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheYm2cC4b41sUWgbULgMbgQA-c6zo2uibuJpAY_gDn6G8H5MYGMJj9R2Vl5M_DtvR42QdCDwJMQoapgiza6wumeB_KUeCS5ZHOputuIRL6mYhxcnCqhw5ZOMw0JaIqdKuurVwYJatwy57A69cDVAmxSi4HLUpXCL_JJaYFi5hU-bsYmxnh1gd3cjg8YUU/w400-h300/292KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from the Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPKkD86MhachMKrFNyyiJtHhf-njRDM4fvUdkxVYDNj8xJJD4hQABUonaHAs1wxXigZKQw7d3Obj_KMCH5fa35r2Ovbahq6M4lOZK3rWavIqlJN7NFh7uxn03wcyo3JiG_8bM7S_y6V1Y34rOkpdn9L3uLdabOy9QO6cb90zMJk0XYUJifc0MoSB8DxEA/s3333/16TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPKkD86MhachMKrFNyyiJtHhf-njRDM4fvUdkxVYDNj8xJJD4hQABUonaHAs1wxXigZKQw7d3Obj_KMCH5fa35r2Ovbahq6M4lOZK3rWavIqlJN7NFh7uxn03wcyo3JiG_8bM7S_y6V1Y34rOkpdn9L3uLdabOy9QO6cb90zMJk0XYUJifc0MoSB8DxEA/w400-h225/16TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px; text-align: start;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px; text-align: start;"><div style="text-align: center;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px; text-align: center;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i>Do Your Own Research.</i></b></div></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;" /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhsaOusVQjF5060RYDfCZ-U3xS6Hu5eLrsBS1wP7ijtQENEJavxM5F1hyoUq5YWv7PpgntvGKSfuW0BjAwsXJ_ERMxQ1Bb8tZlnZDiuFzQY7AFrCq8O8omkXtWbLdAIHznomRFhhjK3Kw_4wLUAGEFchKMMz5MbU55SwZTR7ZNb91B3mGHIpGIgFRJpcc/s3333/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhsaOusVQjF5060RYDfCZ-U3xS6Hu5eLrsBS1wP7ijtQENEJavxM5F1hyoUq5YWv7PpgntvGKSfuW0BjAwsXJ_ERMxQ1Bb8tZlnZDiuFzQY7AFrCq8O8omkXtWbLdAIHznomRFhhjK3Kw_4wLUAGEFchKMMz5MbU55SwZTR7ZNb91B3mGHIpGIgFRJpcc/w400-h225/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-size: medium;"><b>TNR Gold:</b></span></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin: 0.67em 0px; position: relative;"><strong style="box-sizing: border-box;">TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid </strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – February 21, 2024: <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to provide a corporate update and announce that the Company has purchased 5,616,000 shares to date under its normal course issuer bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As announced on June 1, 2023, TNR Gold is conducting a normal course issuer bid (the “<strong style="box-sizing: border-box;">Bid</strong>“) pursuant to which the Company may purchase up to a maximum of 9,548,639 common shares of the Company (the “<strong style="box-sizing: border-box;">Shares</strong>”), representing approximately 5% of the Company’s outstanding common shares (“Shares”). No more than 2% of the outstanding Shares may be purchased in any 30-day period.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company intends to terminate the Bid on or about June 4, 2024. Purchases pursuant to the Bid are being made from time to time by PI Financial Corp. on behalf of the Company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the Company’s working capital. All Shares purchased pursuant to the Bid will be returned to treasury as authorized and unissued shares.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. No insiders of the Company intend to participate in the Bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are building <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from the Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3VhXznFcqsQvvv_JN5NSAV5uQ248tT0sNjz47WJcq0Htu16QrZ03vQo_Y5_wd1CSRF6pVMN-NdsoF-sr0ADSiUdK-rGEYerBCGcuErEpGSeDCcVf3LSjyDjk44bWKZWv9rSWB-Lbxk-R8XKyk94ZrZJ18mcAix4dZLSluHPsyVVTdTck0E1v7DXf0dwE/s3333/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3VhXznFcqsQvvv_JN5NSAV5uQ248tT0sNjz47WJcq0Htu16QrZ03vQo_Y5_wd1CSRF6pVMN-NdsoF-sr0ADSiUdK-rGEYerBCGcuErEpGSeDCcVf3LSjyDjk44bWKZWv9rSWB-Lbxk-R8XKyk94ZrZJ18mcAix4dZLSluHPsyVVTdTck0E1v7DXf0dwE/w400-h225/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html" style="color: #6699cc; text-decoration: none;">Shotgun Gold Project – Alaska</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. The Company’s exploration field program in 2022-2023 at the Shotgun and Winchester prospects, located in the Taylor Mountain Quadrangle, Alaska, investigated the geochemical anomalies generated by the 1998 Novagold Resources soil surveys and the geophysical targets indicated by anomalies from the SJ Geophysics 2011 and 2012 EM surveys.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ6vrsp8Ni2yTC87Y8hmkQBPoT8KQgNlgjwVl98QQ9hvPNarrMQSbm21ulLs_S5vLl63BL9zdRf0gJSeJjdd84az0BJz3Ecda1Rg6NCETu2bLZg_RW6bZ7OOsLlUv9cAcb5iDJMgXQhT8mIfeUHuSjgolx2UgKvjleyFDP84147bSKGrqL6wI3r8Bp6uU/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ6vrsp8Ni2yTC87Y8hmkQBPoT8KQgNlgjwVl98QQ9hvPNarrMQSbm21ulLs_S5vLl63BL9zdRf0gJSeJjdd84az0BJz3Ecda1Rg6NCETu2bLZg_RW6bZ7OOsLlUv9cAcb5iDJMgXQhT8mIfeUHuSjgolx2UgKvjleyFDP84147bSKGrqL6wI3r8Bp6uU/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The Company’s strategy with the Shotgun Gold Project is to attract a partnership with a major gold mining company. TNR Gold has successfully consolidated and updated its mining claims in Alaska and is actively introducing the project to interested parties,” commented Kirill Klip. “We may be at the beginning of a great discovery. There is a clear path on how to move this prospective project forward using the geological and geophysical research currently available to target drilling to expand the resource. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun Gold Project over time. The latest exploration program allows us to provide additional information on TNR’s Shotgun Gold Project for our potential strategic partners.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUjvJLL9n98Kr6lzb35uG0RiOWrAao96-aFfacvPLsiUl22leVjToRRqooU5HR-ZfH7ZnFGejPRF9N83XYlDzT9B0cM8kX5hXOkxTkC2mVxmHKXlLaMVeowWLwQy2nowBUJ8ANY0l1aAEt0rmUvrqmF3boFLbj6x7lrQWbiR3RAkbs2pM3K_pPVoPGIIA/s3333/26TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUjvJLL9n98Kr6lzb35uG0RiOWrAao96-aFfacvPLsiUl22leVjToRRqooU5HR-ZfH7ZnFGejPRF9N83XYlDzT9B0cM8kX5hXOkxTkC2mVxmHKXlLaMVeowWLwQy2nowBUJ8ANY0l1aAEt0rmUvrqmF3boFLbj6x7lrQWbiR3RAkbs2pM3K_pPVoPGIIA/w400-h225/26TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><strong style="box-sizing: border-box;"><a href="https://tnrgoldcorp.com/projects/" style="color: #6699cc; text-decoration: none;">About the Shotgun Gold Project</a></strong></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 90% interest in the Shotgun Gold Project that is located 190 kilometres south of the Donlin Gold Project deposits within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a multi-million-ounce gold district. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. The Donlin Gold Project is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Gold Project deposits as well as other important intrusion-associated deposits worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlcstINORMftm7Wsa4gISGTznwCqTChYH4yyespPjxiOneJVrX7T5G9Xpqik5Hce368hX4s7iDcVwI4hc0zoG8yLPs517br8m5PHW53pmiYJonJCi5IzU5N2cVSnJiD6WIPgwe5PeFwUeh-3eMZ7QxXEbx2omIIvS6FLRrfeYANPuaJASrLdHdPsh0yro/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlcstINORMftm7Wsa4gISGTznwCqTChYH4yyespPjxiOneJVrX7T5G9Xpqik5Hce368hX4s7iDcVwI4hc0zoG8yLPs517br8m5PHW53pmiYJonJCi5IzU5N2cVSnJiD6WIPgwe5PeFwUeh-3eMZ7QxXEbx2omIIvS6FLRrfeYANPuaJASrLdHdPsh0yro/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company is targeting a large tonnage porphyry system at Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic data and ground geophysical surveys, provide TNR with encouraging targets for future drill testing.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Detailed information about the inferred mineral resource estimate is included in the technical report titled, “Technical Report on the Shotgun Gold Project, Southwest Alaska”, dated May 27, 2013 that can be found on the TNR Gold website at <a href="about:blank" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;">www.tnrgoldcorp.com</a> or on SEDAR at <a href="http://www.sedar.com/" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;">www.sedar+.ca</a>.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7scf2JzDhhYyHiJw-sSOJkGBRqHbYVcLH5FgJwZsDzW2bvnoPXAz5kXgu0OfaNMcrSq3fRFLPI9ysSKxtreBOLXioIHBchkd1h4CIVWBeqMUUuLLaBWqiQkwhg0lEJVDA8GKJKU4azLNIPFup9xuLU4nXPcRTXOM9leQ_k1XK3qN58SPY7eEcA91Fa8Q/s2500/19KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7scf2JzDhhYyHiJw-sSOJkGBRqHbYVcLH5FgJwZsDzW2bvnoPXAz5kXgu0OfaNMcrSq3fRFLPI9ysSKxtreBOLXioIHBchkd1h4CIVWBeqMUUuLLaBWqiQkwhg0lEJVDA8GKJKU4azLNIPFup9xuLU4nXPcRTXOM9leQ_k1XK3qN58SPY7eEcA91Fa8Q/w400-h300/19KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/powered-by-gold-and-tesla-energy.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium NSR Royalty Holding</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On May 2, 2023, TNR Gold announced that Ganfeng Lithium (“Ganfeng Lithium”) provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-6GQ04mrDvlgf_xVS0gx39Gp4CFfTWyZVIieVr9vlvLv3AvIZDtkboWuVX3h8uB6dqiRMzawVR-J1zIPCl8a3AyRKxWi0tPgvCvSz10rVRRRHxe57F1F2l1cj24RLYFq3nzKuZxaS6RXYuKOZvQaoL3vxuE-hDcc0wyNNxkPl9O8Y_FhX-Z8mX5IFJQk/s3333/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-6GQ04mrDvlgf_xVS0gx39Gp4CFfTWyZVIieVr9vlvLv3AvIZDtkboWuVX3h8uB6dqiRMzawVR-J1zIPCl8a3AyRKxWi0tPgvCvSz10rVRRRHxe57F1F2l1cj24RLYFq3nzKuZxaS6RXYuKOZvQaoL3vxuE-hDcc0wyNNxkPl9O8Y_FhX-Z8mX5IFJQk/w400-h225/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its 2022 Annual Report, Ganfeng Lithium reported:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“The Mariana lithium salt lake project in Argentina is progressing smoothly at present, the first evaporation pond of which has been in the stage of water injection. It is expected that the project will commence production in 2024.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD-2WMpS89dp2a2j0ODWBG7fmY0Ro7X8mHlkqFg_fPe3oCcC922pseZJyvp0Iih7lziZU9nhSRPg_d58BI25-k3alMEAS3AvDoKqWEqyGivlFGkZO4YACTk82S3sV4uVe_dB7daDWTwSN3ZFA8rdXRTfG2aercpXNvF1qQ6oFU3XVolvFjiNY-LYzqTrQ/s2500/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD-2WMpS89dp2a2j0ODWBG7fmY0Ro7X8mHlkqFg_fPe3oCcC922pseZJyvp0Iih7lziZU9nhSRPg_d58BI25-k3alMEAS3AvDoKqWEqyGivlFGkZO4YACTk82S3sV4uVe_dB7daDWTwSN3ZFA8rdXRTfG2aercpXNvF1qQ6oFU3XVolvFjiNY-LYzqTrQ/w400-h300/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><em style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><br /></em><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began last June, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT8zdBQ0JzvvTl2tWGTvZxmg8zasQcJFwf5fjFmj2RcZQo_pIqosg4uGuCqH4B5C9IIed4HwJFZD6c2IziDJiF3l0XaxFS8lWStH8h4y0gkKT1C3ZzDXiz8Ku_I9Ox4tBo-BijQgjoJddfSRAoiw524cQMN7BwrSYzxgV9QCuoqOLM_m7J_MNqpbIUa3o/s2500/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT8zdBQ0JzvvTl2tWGTvZxmg8zasQcJFwf5fjFmj2RcZQo_pIqosg4uGuCqH4B5C9IIed4HwJFZD6c2IziDJiF3l0XaxFS8lWStH8h4y0gkKT1C3ZzDXiz8Ku_I9Ox4tBo-BijQgjoJddfSRAoiw524cQMN7BwrSYzxgV9QCuoqOLM_m7J_MNqpbIUa3o/w400-h300/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJKUJqzad2o6ONNJcBFJ_r2FS_VnEuTEHpCvoU1oA7GcOeW-FCj2A_MFrH8j7ZXAPKE6gJKbfdSoCFxOBu4lOQDFryVMLvmI2xB1KBkGW4UNe_Dg3XlBy5CAyu9RAEy3z_cRz3shmjf3cojefJZpv06JMHoirSJxtO0glDrRGbd5WyICPNnER5WqJe1xk/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJKUJqzad2o6ONNJcBFJ_r2FS_VnEuTEHpCvoU1oA7GcOeW-FCj2A_MFrH8j7ZXAPKE6gJKbfdSoCFxOBu4lOQDFryVMLvmI2xB1KBkGW4UNe_Dg3XlBy5CAyu9RAEy3z_cRz3shmjf3cojefJZpv06JMHoirSJxtO0glDrRGbd5WyICPNnER5WqJe1xk/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/powered-by-tesla-energy-revolution-tnr.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper, Gold and Silver NSR Royalty Holding</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On December 18, 2023, TNR Gold announced that, McEwen Mining Inc. provided an update on the Los Azules Copper Project in San Juan, Argentina. TNR holds a 0.4% NSR Royalty (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules Copper Project is held by McEwen Copper Inc., a subsidiary of McEwen Mining.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg758ITiM5oYnWTyMc6AOV-LlpDZl_qSufmxpupAmj8F-7rrDG_3R8cqUgCLg7RZ2yZzzXUjdZxFTfWX46hIfiQAw_-i0pqNoCeRTOW66NhdXkSnvSUwP1rhswgyssSKES6GIqCu30l7KMakqAqdJ9IxXIn5WbWI-gbNIbScWBDPZzcT5QdAUTP0sROZ-c/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg758ITiM5oYnWTyMc6AOV-LlpDZl_qSufmxpupAmj8F-7rrDG_3R8cqUgCLg7RZ2yZzzXUjdZxFTfWX46hIfiQAw_-i0pqNoCeRTOW66NhdXkSnvSUwP1rhswgyssSKES6GIqCu30l7KMakqAqdJ9IxXIn5WbWI-gbNIbScWBDPZzcT5QdAUTP0sROZ-c/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued on December 12, 2023, by McEwen Mining stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;">McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Eighteen drill rigs are currently on site at Los Azules and over 18,000 meters of drilling have already been completed, representing more than one-third of the planned meters for this season’s campaign.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Recently, key management and directors from McEwen Mining and McEwen Copper visited the project to review the progress made towards delivery of the feasibility study for the future Los Azules Mine. Michael Meding, Vice President and General Manager of McEwen Copper, commented: <em style="box-sizing: border-box;">‘We are very pleased with the progress at Los Azules since 2021, when McEwen Copper was created to drive forward the development of one of the world’s largest undeveloped copper projects. Our vision is to develop Los Azules as a model for the future of mining.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Technical Information</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The technical content of this news release related to financial results, mining and development projects has been reviewed and approved by William (Bill) Shaver, P.Eng., COO of McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and the Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFYYpoHAaxguxYoJIxFujTATgpKZ1_NJFBn9HcdgzS16WEVerzJh7kaTZ0G0ArfHWkhgNThNJLCnrDsVb24IxWl8JcyHaCcoIqUjExhy-Y0AFzWqU3zaAgqTo5_zioNJVD01kH1QR28OP4Fa8OUttoWEJxbknSAjlBmMw8jwa2L_McuLeFUn3tpTuQeiU/s3333/107TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFYYpoHAaxguxYoJIxFujTATgpKZ1_NJFBn9HcdgzS16WEVerzJh7kaTZ0G0ArfHWkhgNThNJLCnrDsVb24IxWl8JcyHaCcoIqUjExhy-Y0AFzWqU3zaAgqTo5_zioNJVD01kH1QR28OP4Fa8OUttoWEJxbknSAjlBmMw8jwa2L_McuLeFUn3tpTuQeiU/w400-h225/107TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued by McEwen Mining on February 12, 2024, stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“<strong style="box-sizing: border-box;">McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Twenty drill rigs are currently on site at Los Azules and over 36,000 meters (118,000 ft) of drilling have been completed so far this season, to advance all areas that contribute to the upcoming Feasibility Study (FS), which is expected to be published in Q1 2025.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">At the Los Azules Project, we’ve made significant progress. Our drilling program is over halfway complete, with 36,000 meters drilled out of the 55,000 planned for our comprehensive feasibility study. The work necessary for the completion of the feasibility study includes mineral resource estimation, metallurgical testing, equipment selection, final completion and cost estimation of design for the mine and our facilities. Additionally, we will work to advance our power and road infrastructure plans and establish preliminary site-wide water balance including pit dewatering.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On the ground, we’ve made tangible progress with the drilling program, construction of our winter camp and improvements to the exploration road facilitating year-round operations. We’re also on track with environmental permitting, reflecting our commitment to responsible development.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPUCMV5ELJfgNOPxY3-3pMtyB9maMgJWmFhxLEg9h9PKy0wAk9prcOTT_Z3q4LO8GZj1GECOXqD-0i8RaSf4SuEeQDwkn7D68LplZMCzQjmMZ9qfzTWxHKggHspXeIaVtvls5oyWtDZzwRo7g7wopKmm683h8eEtij4wgWSIdAb73kvGY8q5dLfLlLexU/s3333/162TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPUCMV5ELJfgNOPxY3-3pMtyB9maMgJWmFhxLEg9h9PKy0wAk9prcOTT_Z3q4LO8GZj1GECOXqD-0i8RaSf4SuEeQDwkn7D68LplZMCzQjmMZ9qfzTWxHKggHspXeIaVtvls5oyWtDZzwRo7g7wopKmm683h8eEtij4wgWSIdAb73kvGY8q5dLfLlLexU/w400-h225/162TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Financially, we’ve been diligent in protecting our treasury. The majority of our funds have been invested in depository receipts of foreign and major Argentinean corporations, to shield us from devaluation. This strategic move ensures that the Los Azules project’s financial backbone stays robust in supporting our project development.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“We are adapting to a changing environment in Argentina, recognizing the importance of current political and economic reforms for the future stability and growth of the nation. Mining is a vital component of Argentina’s economy and, under the right conditions, one that is poised to grow significantly and support the country’s economic recovery,”</em><strong style="box-sizing: border-box;"> </strong>said Michael Meding, VP of McEwen Copper and General Manager of the Los Azules Project.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Technical Information</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The technical content of this news release related to financial results, mining and development projects has been reviewed and approved by William (Bill) Shaver, P.Eng., COO of McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and the Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects.”</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW_8URgk-RajNP1QrMeUFLpezqvWEKnltZscGyUPNsG_3dEhc4mdH0ktWT52_zqHBaalDLet7_3g4G5GzcU0YFxGd8btCQLBLm7KfLJ0wJeYunlNp8F6D7CdvcrsdTVMvHU8tVWCMhwJVKgytBYl6lZiyoFw3noVcmW4szkqoLay11ykOqL7w7nhth0sI/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW_8URgk-RajNP1QrMeUFLpezqvWEKnltZscGyUPNsG_3dEhc4mdH0ktWT52_zqHBaalDLet7_3g4G5GzcU0YFxGd8btCQLBLm7KfLJ0wJeYunlNp8F6D7CdvcrsdTVMvHU8tVWCMhwJVKgytBYl6lZiyoFw3noVcmW4szkqoLay11ykOqL7w7nhth0sI/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“About McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). A PEA published in June 2023 estimated a $2.7 billion after-tax NPV8% at $3.75/lb Cu and a 27-year mine life.” <a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-update-on-nsr-royalty-los.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold News Releases dated June 26</b></a> and October 18, 2023.”</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-XdnjMTHLfPuGsLPVEDtOp2DLcdxCED0auaDwKcflZxWdwDWl4mSJCP3bss7P_N6INI1dIZLlDQtNQVvMbEjsy7XjuDW_4fER8Gff3JL9odAdd7UQZxjhTjSNjasnDmU_XMq_3JqVwLj1eizorH7R2pq2hTQ1USkbkwupMpCg_8PfyMQkvfHdOn9IxIU/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-XdnjMTHLfPuGsLPVEDtOp2DLcdxCED0auaDwKcflZxWdwDWl4mSJCP3bss7P_N6INI1dIZLlDQtNQVvMbEjsy7XjuDW_4fER8Gff3JL9odAdd7UQZxjhTjSNjasnDmU_XMq_3JqVwLj1eizorH7R2pq2hTQ1USkbkwupMpCg_8PfyMQkvfHdOn9IxIU/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBGrIHHHDHw6QAJvbWCzFrVhJZLgRW9sBHbyqonD40rNFzJti_M3xeoOGuFBrvXYK7adrGtKaOxEZAFKrnp5w4-dJGmp1BZHpLQ4tdMEAiZeXzcg2C_3KrMlPVoXaDPfX8MwilsNk-xcRh1qQKgxAMoPwuSJA_vCHyXOyQdxVlsoaTFQUR7CDOt0MVAos/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBGrIHHHDHw6QAJvbWCzFrVhJZLgRW9sBHbyqonD40rNFzJti_M3xeoOGuFBrvXYK7adrGtKaOxEZAFKrnp5w4-dJGmp1BZHpLQ4tdMEAiZeXzcg2C_3KrMlPVoXaDPfX8MwilsNk-xcRh1qQKgxAMoPwuSJA_vCHyXOyQdxVlsoaTFQUR7CDOt0MVAos/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper, as a strategic partner in the future development of this large copper, gold and silver project, stated Kirill Klip, TNR’s Chief Executive Officer. “In February 2023, Stellantis invested ARS $30 billion, and with an additional investment of ARS $42 billion made after the new preliminary economic assessment (PEA) publication, has a total investment of ARS $72 billion.<strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023”. . TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZE8wuBtxDqpXc2_v4g9inyTPt65QjRBj7MWe7tcrdA3VFucvDsg1sagMlisO6fmCTq7CXTX5Jvv-yzXbgmD-O8YhuK-TfhK_NoTb5-iyoLrADBTTd1Jehq-xSCCpUNdyayxQ-uetydWEB5FT0KyENp3iXGM6tXEPOoo6uVMyMZBa1kfCCG0yFCKzP1Yo/s3333/147TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZE8wuBtxDqpXc2_v4g9inyTPt65QjRBj7MWe7tcrdA3VFucvDsg1sagMlisO6fmCTq7CXTX5Jvv-yzXbgmD-O8YhuK-TfhK_NoTb5-iyoLrADBTTd1Jehq-xSCCpUNdyayxQ-uetydWEB5FT0KyENp3iXGM6tXEPOoo6uVMyMZBa1kfCCG0yFCKzP1Yo/w400-h225/147TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Strong team performance is accelerating the McEwen Copper Los Azules program. <a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-update-on-nsr-royalty-los.html" style="color: #6699cc; text-decoration: none;"><b>The Los Azules Project PEA results highlighted the potential to create very robust leach project</b></a>, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghsuxMETnhr9ukB1iYWV6TkDyzqyHRauwxEtnpc729fta9El2NT9iA3lvrrw3OBIF0tRwj7cyEnS8KcSwJ-LE4l-PzNduJVATrzADdPx8sMj6GlelOzTmZpNzdBNa95bg7fb4eAl3N85enuqYNOd7LDY2b5GMnzb5WI-mRG5L0IZ2DJmMGtxk2NQGGLYU/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghsuxMETnhr9ukB1iYWV6TkDyzqyHRauwxEtnpc729fta9El2NT9iA3lvrrw3OBIF0tRwj7cyEnS8KcSwJ-LE4l-PzNduJVATrzADdPx8sMj6GlelOzTmZpNzdBNa95bg7fb4eAl3N85enuqYNOd7LDY2b5GMnzb5WI-mRG5L0IZ2DJmMGtxk2NQGGLYU/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wI9RZ25W0CwHAdlSogYR8-kyS5soTv9BpHLeUlfVVqxY31PXFDWjtM3yVwORHcXwFYQX7FvKvEglH43CIRLLQOMEcQEi45uulyhVRGWI8F8RByD5bZxHqfZzeik3u2i-FGCba8RAK8OUA3y8v6g2A9UCz1XQNz7xc9Wdk8KrES6bnrv0smFTnnhHATI/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wI9RZ25W0CwHAdlSogYR8-kyS5soTv9BpHLeUlfVVqxY31PXFDWjtM3yVwORHcXwFYQX7FvKvEglH43CIRLLQOMEcQEi45uulyhVRGWI8F8RByD5bZxHqfZzeik3u2i-FGCba8RAK8OUA3y8v6g2A9UCz1XQNz7xc9Wdk8KrES6bnrv0smFTnnhHATI/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjewpXzCnheg2J2Z2gPfDF8dELwnnBRxjJ_AbZFN19Pjpz-4Hk_t58WIuPOmbPAPGVGA72B4cbdcyIYCkw1zv7zZBE-7TKs4_LutT-iHbAylBxrwcafdCjjXY6Kd2AqNZeG2o5Azk8yY552rwBkzdvqoJCYEhVMFoi3fa4JJexTWv9lO3SStwQJUWMF20c/s3333/166TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjewpXzCnheg2J2Z2gPfDF8dELwnnBRxjJ_AbZFN19Pjpz-4Hk_t58WIuPOmbPAPGVGA72B4cbdcyIYCkw1zv7zZBE-7TKs4_LutT-iHbAylBxrwcafdCjjXY6Kd2AqNZeG2o5Azk8yY552rwBkzdvqoJCYEhVMFoi3fa4JJexTWv9lO3SStwQJUWMF20c/w400-h225/166TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Batidero I and II NPR Royalty Holding</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On April 28, 2022, TNR Gold announced that Lundin Mining Corporation completed a plan of arrangement pursuant to which Lundin acquired all of the issued and outstanding shares of Josemaria Resources Inc. (“<strong style="box-sizing: border-box;">Josemaria Resou</strong>rces”) and Josemaria Resources became a subsidiary of Lundin. TNR holds a 7% net profit interest royalty (“<strong style="box-sizing: border-box;">NPR</strong>”) on the Batidero I and II properties of the Josemaria copper-gold project located in San Juan, Argentina that is owned by Josemaria Resources. </p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5YGlH2UTUsO5Qw5CSuoCquUsIgYpenzNf_FUvKKpvrUsjLtJvHwgzKs6YbGgbHIzJzrUgZeZFliozuhVGXWFGaM830VH6pMkuFZuEm5FzZC7YTVvI6_dBWjOqIERYylGWuR4obcRoYUrSCYM0uai6e7aeg1imMEmk3XPz7ulizuRoowWgfzkA18lLbMI/s3333/168TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5YGlH2UTUsO5Qw5CSuoCquUsIgYpenzNf_FUvKKpvrUsjLtJvHwgzKs6YbGgbHIzJzrUgZeZFliozuhVGXWFGaM830VH6pMkuFZuEm5FzZC7YTVvI6_dBWjOqIERYylGWuR4obcRoYUrSCYM0uai6e7aeg1imMEmk3XPz7ulizuRoowWgfzkA18lLbMI/w400-h225/168TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its news release dated April 28, 2022, Lundin stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The addition of the Josemaria project to Lundin Mining’s portfolio solidifies our position as a leading base metals producer with high-quality copper exposure and significant growth. We look forward to building upon the excellent reputation of Josemaria Resources in San Juan and Argentina,” said Peter Rockandel, Lundin Mining President and CEO, “We are excited to lead the project through the remaining stages of development and into production to create significant value for all stakeholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilRnEBM0dnlhE_W9f7H82pNqvsTJ6-4bMGxglcPXKXqqXq08KLmiEQc2e0xohgRHHNg3BtY18KtDRmP6DJnZlJ-y8aXNEPLm8NLedswKNpiO09Zi3NeqTsNWmsh7dXHhozutqihxZTRoNQpP4N_aFoocLizeOs1OQQjOXFH2WxjsMXWjlXBt7g8tYK45s/s3333/171TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilRnEBM0dnlhE_W9f7H82pNqvsTJ6-4bMGxglcPXKXqqXq08KLmiEQc2e0xohgRHHNg3BtY18KtDRmP6DJnZlJ-y8aXNEPLm8NLedswKNpiO09Zi3NeqTsNWmsh7dXHhozutqihxZTRoNQpP4N_aFoocLizeOs1OQQjOXFH2WxjsMXWjlXBt7g8tYK45s/w400-h225/171TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Josemaria Project Update</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As announced by Josemaria Resources on April 11, 2022, the Mining Authority of San Juan, Argentina has approved the Environmental Social Impact Assessment for the Josemaria Project, marking a significant milestone in the project’s permitting process. Lundin Mining and the Josemaria project team are working with the national and provincial authorities to progress the project through the next stages of development. Discussions regarding commercial agreements and securing of additional sectoral permits are ongoing and anticipated later this year prior to a definitive construction decision.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Josemaria project is progressing through basic engineering with procurement of long-lead equipment, including securing key items of crushing and processing. Study work is ongoing, including updating of cost estimates to be reflective of current conditions and evaluation of potential scope changes compared to plans envisaged in the Josemaria Resources 2020 Feasibility Study (“NI 43-101 Technical Report, Feasibility Study for the Josemaria Copper-Gold Project, San Juan Province, Argentina” dated November 5, 2020 (the “Josemaria Resources 2020 Feasibility Study”)). Lundin Mining aims to complete an updated Technical Report for the project in the fourth quarter of 2022. While this work has not yet concluded, the Company expects the initial capital expenditure estimate of the project to be greater than $4 billion. Effective post-closing, the Company intends to spend up to $300 million to advance the project ahead of a construction decision in the second half of 2022, including engineering, commitments for long lead items, preconstruction activities and drilling.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As part of the updated Technical Report, Lundin Mining plans to complete new Mineral Reserve and Resource estimates. Approximately 20,600 meters of drilling have been completed on the project since the most recent 2020 Josemaria Resources mineral estimates and 35,000 meters of additional drilling are planned to be completed ahead of the new estimates.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Xo3vj4tATDtzoIGD2VSf9zIFxZiht5rwb-bVumGcWPQ_SRVd03tUEC_ubKbLgs1xEsLfjhpj8Vwyatvhf4BWuzytIfyqOSwg8MS2IfFTNc53INzHdxh_v1DpCHu3YLPo0_xD6Pfhx2gBZrDt-29KE4ZKGfm-awaBbIwwr9DKNwtO2H30UF86UfWo74Y/s3333/172TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Xo3vj4tATDtzoIGD2VSf9zIFxZiht5rwb-bVumGcWPQ_SRVd03tUEC_ubKbLgs1xEsLfjhpj8Vwyatvhf4BWuzytIfyqOSwg8MS2IfFTNc53INzHdxh_v1DpCHu3YLPo0_xD6Pfhx2gBZrDt-29KE4ZKGfm-awaBbIwwr9DKNwtO2H30UF86UfWo74Y/w400-h225/172TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its news release dated January 14, 2024, Lundin stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“2024 Capital Expenditure Guidance</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Josemaria Project ($225 million): </strong>The estimated capital expenditures in 2024 will continue to support advancing the project prior to a construction decision. An updated capital cost estimate and project schedule is pending completion that will incorporate results from project de-risking initiatives and optimization studies. Capital expenditures primarily include continuation of hydrology work, delivery of long-lead mills and motors. Field activities will include road upgrades and geotechnical work as well as permitting initiatives, mainly for the powerline, access road and community relations programs.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">About Lundin Mining</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR’s 7% NPR holding on the Batidero I and II properties of the Josemaria Project held by Lundin Mining represents future growth potential for the royalty portfolio.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTiuVOrcfHPVj1FLfbg28fnWvPDDiB5BIzrlLrYaeorRwSBnIJCfl3kGaDHmpqtLmCyyC1uYf2WlIvn7g4ngm5otgReM9EYEk_sRsilzU6XNzXeJHlx-DgI6_gzNQWXCzEzAhOiK7xAIfuDqIp9n85YpRR9p9t__H8fDfRnE7PSAYeyuW709AH5f8FrM/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTiuVOrcfHPVj1FLfbg28fnWvPDDiB5BIzrlLrYaeorRwSBnIJCfl3kGaDHmpqtLmCyyC1uYf2WlIvn7g4ngm5otgReM9EYEk_sRsilzU6XNzXeJHlx-DgI6_gzNQWXCzEzAhOiK7xAIfuDqIp9n85YpRR9p9t__H8fDfRnE7PSAYeyuW709AH5f8FrM/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; position: relative; text-align: justify; text-transform: uppercase;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">ABOUT TNR GOLD CORP.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></div><strong style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><div style="text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div></strong><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;">www.tnrgoldcorp.com</div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;"></em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAsf9c4MsiyGnHm4hPxGfSb33mAYIG3Lf5NF5gxe4tJzw-vPgYzwhhZlCQ1luQ1pCCho_uWlrmPHEnL8lBWAKDuPpoJGZ067x2zo0Enu2FIBEBf_MmXNST-QW4BP_LUh0nvvkPh2tjFUc3u0AZZLiyRpOVJeC6W5xQ-hB493XnX4um1RmarA6BuHW2xpY/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjAsf9c4MsiyGnHm4hPxGfSb33mAYIG3Lf5NF5gxe4tJzw-vPgYzwhhZlCQ1luQ1pCCho_uWlrmPHEnL8lBWAKDuPpoJGZ067x2zo0Enu2FIBEBf_MmXNST-QW4BP_LUh0nvvkPh2tjFUc3u0AZZLiyRpOVJeC6W5xQ-hB493XnX4um1RmarA6BuHW2xpY/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-77188925895354247032024-02-25T03:28:00.000-08:002024-02-25T03:37:08.331-08:00TNR Gold NSR Royalty Holding: "San Juan - McEwen Copper Highlighted Significant Progress in the Exploration of Los Azules"<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzxVLAuj2RWhoUyaZvQYpX_EcjD205ezUoD5Hte2UhWzDrSbcq9IbJ-_FmZ-sa3h6wvTTM7xKlMPyLTExvzhyphenhyphen2NOBHsG7zxCI0zGQW9BnO_MFP8s_4PhYWKDP00zY9LS9LzAhNVZYOchIypxK6LQEEnFVhZAyq5F1_k01jFRlikrIn82-Pp8UkHj6RFd4/s3333/18TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjzxVLAuj2RWhoUyaZvQYpX_EcjD205ezUoD5Hte2UhWzDrSbcq9IbJ-_FmZ-sa3h6wvTTM7xKlMPyLTExvzhyphenhyphen2NOBHsG7zxCI0zGQW9BnO_MFP8s_4PhYWKDP00zY9LS9LzAhNVZYOchIypxK6LQEEnFVhZAyq5F1_k01jFRlikrIn82-Pp8UkHj6RFd4/w400-h225/18TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><p style="text-align: justify;">We have the latest update on the McEwen Copper drilling campaign from San Juan, Argentina.</p><p style="text-align: justify;"><span style="text-align: start;"></span></p><blockquote style="text-align: justify;">"The Canadian company McEwen Mining, which develops the Los Azules project through the subsidiary McEwen Copper - Los Azules, in the province of San Juan, reported that twenty drilling rigs are on site and more than 36,000 meters of drilling have been completed. so far as part of the season. The objective is to advance in all areas that contribute to the next Feasibility Study, which is expected to be published in the first quarter of 2025."<span style="text-align: start;"> </span></blockquote><blockquote style="text-align: right;">(<b><span style="font-size: medium;">Panorama Minero</span></b>)</blockquote><p> </p><p></p><div style="margin-bottom: 5px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9LYBGPP6Ia6dwsJb4J4hcH6dSGBcq0M5FVOv7WBTpcKW0dDE4XThhDuNtnO81otM9hMv4nNmzrOByiTxICB-rKbVufveKnYsOHPWpHFYCtteQZSJKlB8RWeH6_-gD_g_V10Im00YpIBhRT7y7UKl45rFtLk9VKUqaPvzJeVc8oOlTuTdR6A1zfHrQuc/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9LYBGPP6Ia6dwsJb4J4hcH6dSGBcq0M5FVOv7WBTpcKW0dDE4XThhDuNtnO81otM9hMv4nNmzrOByiTxICB-rKbVufveKnYsOHPWpHFYCtteQZSJKlB8RWeH6_-gD_g_V10Im00YpIBhRT7y7UKl45rFtLk9VKUqaPvzJeVc8oOlTuTdR6A1zfHrQuc/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div></div><div style="margin-bottom: 5px; text-align: justify;"><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-royalty-holding-with-mcewen.html" style="color: #6699cc; text-decoration: none;"><b>We have two great videos from McEwen Mining and Rob McEwen</b></a> to share with you today. <b><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-nsr-royalty-on-los-azules.html" style="color: #6699cc; text-decoration: none;">TNR Gold shareholders have a new potential valuation reference point</a></b> for the TNR Gold GEM Royalty portfolio. Rob discusses the Gold and Copper markets and gives great details about different Copper projects in Argentina and their valuations." </span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyA3vshOQXZppQBE8B436jcElt16UHTdDcjy0hYjyB-roevprsJo0VWqxDG7g9HYZP9vFK21cbWZk3dlz5-CqCWt0Mng8MSsDNIRo_gLLpfpi-_GGJ4wCNlnOVDvrimlh36hY56LDqgutdUwlLDVHkYp9grgNeWk7YfXsj6uYLTjEt1Z_jT-C4LQ4iaHA/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyA3vshOQXZppQBE8B436jcElt16UHTdDcjy0hYjyB-roevprsJo0VWqxDG7g9HYZP9vFK21cbWZk3dlz5-CqCWt0Mng8MSsDNIRo_gLLpfpi-_GGJ4wCNlnOVDvrimlh36hY56LDqgutdUwlLDVHkYp9grgNeWk7YfXsj6uYLTjEt1Z_jT-C4LQ4iaHA/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><blockquote style="caret-color: rgb(51, 51, 51); color: #333333;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2024/02/the-green-energy-metals-royalty-and.html">Strong team performance is accelerating the McEwen Copper Los Azules</a></b> program in 2024. The 2023 Los Azules Project PEA results highlight the potential to create very robust leach project, while reducing environmental footprint and greater environmental and social stewardship sets the Project apart from other potential mine developments.</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3IjQPJ3hiRoC5zveE8XaKuC8djRdq7IQywofRGuc_TjjwQNLp9JdQuaDzYAsoPOf79I1SABQ2Ma0BcJRBpqRM9G9TCFZxng3KVxAsMSYEYHe9wRX4wyvQvORF-nlHJ8OUuY9nypzIGDSYvljXvBGrK6uJVS5si6hiIMjaKccAK-_hetauDMOn34pGzrk/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3IjQPJ3hiRoC5zveE8XaKuC8djRdq7IQywofRGuc_TjjwQNLp9JdQuaDzYAsoPOf79I1SABQ2Ma0BcJRBpqRM9G9TCFZxng3KVxAsMSYEYHe9wRX4wyvQvORF-nlHJ8OUuY9nypzIGDSYvljXvBGrK6uJVS5si6hiIMjaKccAK-_hetauDMOn34pGzrk/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; margin: 0px 0px 20px; text-align: justify;"><span style="font-family: inherit;">It’s very encouraging to see an updated independent mineral resource estimate that has increased significantly. Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project."</span></p></blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nYjHmHy5-4k" title="YouTube video player" width="560"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: center;"><div style="text-align: start;"><div style="text-align: justify;"><blockquote><span style="font-family: inherit;"><b><a href="https://kirillklip.blogspot.com/2023/01/tnr-gold-royalty-holding-rob-mcewen.html" style="color: #6699cc; text-decoration: none;">Rob McEwen describes the opportunity to expand the deposit</a></b> and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 60 Moz Gold deposit (68 Moz after new PEA - KK)." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well."</span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsQ3Q-4mg9xMQrWufvGWZl0iQ5QXZHZloGYG73IR97fQoipjhnfMcVpuhsoZancvWSwFWjctswJ5407Th-hdWweZT5IJfsBVqfeZOD9LU7hpVkvBpsLbHeE2MqMAQqtwwG2rIKDZG7CLq8yLnrDr3tcZWNzWXXYXvoxgWPEoGCMSqHHAEznfS9HxuDOMs/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsQ3Q-4mg9xMQrWufvGWZl0iQ5QXZHZloGYG73IR97fQoipjhnfMcVpuhsoZancvWSwFWjctswJ5407Th-hdWweZT5IJfsBVqfeZOD9LU7hpVkvBpsLbHeE2MqMAQqtwwG2rIKDZG7CLq8yLnrDr3tcZWNzWXXYXvoxgWPEoGCMSqHHAEznfS9HxuDOMs/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="text-align: justify;"><span style="font-family: inherit;">For all TNR Gold shareholders the part at 36" will be particularly interesting. According to Rob: "Osisko went into Ecuador recently and paid USD$50 million for 0.6% NSR Royalty on the deposit which is smaller than Los Azules. So, that will put just a Los Azules NSR Royalty worth maybe USD$100 million." </span></p><p style="text-align: justify;"><span style="font-family: inherit;"><span face="Montserrat, sans-serif" style="background-color: white;"></span></span></p><blockquote style="text-align: justify;"><span style="font-family: inherit;"><span style="background-color: white;">"Pursuant to this transaction, McEwen Copper will hold a 100% interest in the </span><strong style="border: 0px; box-sizing: inherit; font-stretch: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Los Azules</strong><span style="background-color: white;"> copper project in San Juan, Argentina, and a 100% interest in the </span><strong style="border: 0px; box-sizing: inherit; font-stretch: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Elder Creek</strong><span style="background-color: white;"> exploration property in Nevada, subject to a 1.25% net smelter return (NSR) royalty on both assets payable to McEwen Mining." McEwen Mining NR July 06, 2021.</span></span></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="font-size: 14.85px;"><span face="Montserrat, sans-serif" style="background-color: white; font-size: 16px;"></span></span><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/UUIbZ1VCWLA" title="YouTube video player" width="560"></iframe></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></p><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; font-family: source_sans_pro_regular, Arial, sans-serif; font-size: 16px; margin-bottom: 15px;"></p><blockquote style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; margin-bottom: 15px;"><span style="font-family: inherit;">"MONTRÉAL, Nov. 07, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“<strong>Osisko</strong>”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement with SolGold plc (“<strong>SolGold</strong>”) (SOLG: TSX & LSE) with respect to a US$50 million royalty financing (the “<strong>Transaction</strong>”) to support the advancement of SolGold’s Cascabel copper-gold property in northeastern Ecuador.</span></p><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; margin-bottom: 15px;"><span style="font-family: inherit;">As part of the Transaction, Osisko will acquire a 0.6% net smelter return royalty (the “<strong>NSR</strong>”) covering the entire 4,979 hectare Cascabel property, including SolGold’s world-class Alpala project for which SolGold released the results of a pre-feasibility study in April of 2022 (the “<strong>PFS</strong>”)."</span></p></blockquote><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; font-family: source_sans_pro_regular, Arial, sans-serif; font-size: 16px; margin-bottom: 15px;"></p><p style="text-align: justify;"><span style="font-family: inherit;">McEwen Mining holds 1.25% NSR Royalty on Los Azules Copper which could be valued at USD $100 million based on the Royalty deal made by Osisko Gold Royalties, according to Rob McEwen. <b><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Holds 0.4% NSR Royalty on the giant Los Azules Copper, Gold and Silver project</a> </b>with McEwen Mining, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder. </span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG83LcudevRHZULvxaZnOu3e8PsGBR1VlGJLjQ4i9pNzpHhERKLVHbC2U5WEK8dRTIX9kzBG9VBlAzypBdQTzRG0QZD-DHjXqYElE1HSnYfvNbkTXdJnxPIr7ZA7cKVMbSNMuI29l0H9B8GS5rldchPweE6qPWj8KpEOSLKZQmMPscJSiQhmh3IzPhC40/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG83LcudevRHZULvxaZnOu3e8PsGBR1VlGJLjQ4i9pNzpHhERKLVHbC2U5WEK8dRTIX9kzBG9VBlAzypBdQTzRG0QZD-DHjXqYElE1HSnYfvNbkTXdJnxPIr7ZA7cKVMbSNMuI29l0H9B8GS5rldchPweE6qPWj8KpEOSLKZQmMPscJSiQhmh3IzPhC40/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold's 0.36% NSR Royalty could be valued at USD $30 million</b></a>, based on Rob McEwen's estimations analysing the recent Osisko Gold Royalties deal with SolGold in Ecuador. Below is the Alastair Ford article where you can find more information about TNR Gold and benchmarks for our GEM Royalty portfolio.</span></p><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigBkTvsPODieCHO7xLLBrX1BuN4nMDxV-3K2IqDIVxvHs_jjKVv-EFX9mY782qzPKoC86fNv9mH4H7KnCmFCIVNRorkb3cWrOBnWqA8vdp1nylHnKyVREtxSDTn9_V4nBOUPdT707L7C1Gz_5R3s5BTL25A_kCOelYoj76Oq1o0vSofrnN3QareBEu_MQ/s3333/163TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigBkTvsPODieCHO7xLLBrX1BuN4nMDxV-3K2IqDIVxvHs_jjKVv-EFX9mY782qzPKoC86fNv9mH4H7KnCmFCIVNRorkb3cWrOBnWqA8vdp1nylHnKyVREtxSDTn9_V4nBOUPdT707L7C1Gz_5R3s5BTL25A_kCOelYoj76Oq1o0vSofrnN3QareBEu_MQ/w400-h225/163TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We are building <a href="https://kirillklip.blogspot.com/2024/02/the-green-energy-metals-royalty-and.html"><b>The Green Energy Metals Royalty and Gold Company</b>.</a> TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the <b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b> with Ganfeng Lithium, <b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper, Gold and Silver Project</a> </b>with McEwen Mining and <b><a href="https://kirillklip.blogspot.com/2024/02/the-green-energy-metals-royalty-and.html">Batidero I and II Properties of Josemaria Copper-Gold Project</a> </b>with Lundin mining.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><span style="background-color: white;"></span></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-hF_oMy7gErRprBrlefX9SkpuwNrOLj08IEJEFyROQCfoB32ItcAieDLYnrZuD860lZI2BCKqSX7oxiRzfEWQwoj84t0bIW1dpQqjUONunga6e9nq42d9tZU_PM3n_QwvpQmQtSR5UL3fHNPTIRfmd7s31bffYNB7GPIgDq0V2qm_mBUUJaYXIKy_1Q/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-hF_oMy7gErRprBrlefX9SkpuwNrOLj08IEJEFyROQCfoB32ItcAieDLYnrZuD860lZI2BCKqSX7oxiRzfEWQwoj84t0bIW1dpQqjUONunga6e9nq42d9tZU_PM3n_QwvpQmQtSR5UL3fHNPTIRfmd7s31bffYNB7GPIgDq0V2qm_mBUUJaYXIKy_1Q/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><div style="text-align: justify;"><span style="font-family: inherit;">On my blog following the links below, you can find more information about <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. <b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-adopts-shareholder-rights-plan.html" style="color: #6699cc; text-decoration: none;">Join rEVolution</a>!</b></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div></div></div></div><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div></div></div></div></div><p><br class="Apple-interchange-newline" /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPgeRea38FWL3LGK-HO_kN6kBLwS9fqKRWpdwps8glKb_Hq3ASNFdLG1m4r9nopDZ51kAI7PKLj9MpV34U-2Sn4fslqjJqh6gWq02vPOnRs7X7PFLYyK55swJ_531LI7_fFAPYDSeRTrgmg9xalXromiRmhYbEiv7DFCqDxiVEB87TD3KcVrXVG9xq3Ns/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjPgeRea38FWL3LGK-HO_kN6kBLwS9fqKRWpdwps8glKb_Hq3ASNFdLG1m4r9nopDZ51kAI7PKLj9MpV34U-2Sn4fslqjJqh6gWq02vPOnRs7X7PFLYyK55swJ_531LI7_fFAPYDSeRTrgmg9xalXromiRmhYbEiv7DFCqDxiVEB87TD3KcVrXVG9xq3Ns/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><br /><p style="text-align: center;"><br /></p><p><span style="font-size: medium;"><b>Panorama Minero:</b></span></p><br /><b><span style="font-size: large;"><a href="https://panorama-minero.com/es/news/san-juan-mc-ewen-copper-destaco-avances-significativos-en-la-exploracion-de-los-azules">San Juan: McEwen Copper highlighted significant progress in the exploration of Los Azules</a></span></b><div><span style="font-size: large;"><b><br /></b></span></div><div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxaBaQwKtw5nEiJDT2GKmYeQysbG47IP8L_86qHZ-JbZC30SWZS59KZlr8rx1qyUAAVKECs0gq182JvbOQ0vaETWM_z7IyappEE-KbjfLIgaz_B1Pequzket3sVvMuwSmXITGHDr-VWrQGKihb10wUFR_o6dOd3Vtwz7oghVSJr7tbvkqoG39NjdJ3my8/s719/TNR%20Gold%20Royalty%20McEwen%20Los%20Azules%20Copper%2025.02.2024.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="401" data-original-width="719" height="223" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhxaBaQwKtw5nEiJDT2GKmYeQysbG47IP8L_86qHZ-JbZC30SWZS59KZlr8rx1qyUAAVKECs0gq182JvbOQ0vaETWM_z7IyappEE-KbjfLIgaz_B1Pequzket3sVvMuwSmXITGHDr-VWrQGKihb10wUFR_o6dOd3Vtwz7oghVSJr7tbvkqoG39NjdJ3my8/w400-h223/TNR%20Gold%20Royalty%20McEwen%20Los%20Azules%20Copper%2025.02.2024.png" width="400" /></a></div><span style="font-size: x-large; font-weight: 700;"><br /></span></div><div><br />February 19, 2024<br /><br /><br />"The Canadian company McEwen Mining, which develops the Los Azules project through the subsidiary McEwen Copper - Los Azules, in the province of San Juan, reported that twenty drilling rigs are on site and more than 36,000 meters of drilling have been completed. so far as part of the season. The objective is to advance in all areas that contribute to the next Feasibility Study, which is expected to be published in the first quarter of 2025.<br /><br />By Panorama Minero<br /><br />The firm has announced significant progress in the project, one of the five largest that houses the province of San Juan: “Our drilling program is more than 50% complete, with 36,000 meters drilled of the 55,000 planned for our Feasibility Study.” The work necessary to complete this study includes mineral resource estimation, metallurgical testing, equipment selection, completion and cost estimation of the design for the mine, and assembly of the facilities. “In addition, we will work to advance our energy and road infrastructure plans and establish a preliminary water balance across the site, including mine drainage,” they added.<br /><br />“On the ground, we have made tangible progress with the drilling program, construction of our winter camp, and exploration road improvements that facilitate year-round operations. We are also planning environmental permits, which reflects our commitment to responsible development,” the company said in a statement.<br /><br />In financial terms, they announced that “they have been diligent in protecting capital” as most of the funds have been invested in deposit receipts of major foreign and Argentine corporations to protect themselves from devaluation. “This strategic move ensures that the financial backbone of the Los Azules project remains strong to support our development for years to come.”<br /><br />"We are adapting to a changing environment in Argentina, recognizing the importance of current political and economic reforms for the stability and future growth of the nation. Mining is a vital component of the Argentine economy and, under the right conditions, is in a position to grow significantly and support the country's economic recovery," concluded Michael Meding, vice president of McEwen Copper and general manager of the Los Azules project." (<b><span style="font-size: medium;">Translated by Google</span></b>)</div></div><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKvlPfYEAdEV7hmxUJVr38qT7_dFAwZqWyeY2G22B5lOTW4yRTOK7rzMrJ06PD8KjYftOJRlX0KNlhmLJQsNIRqfFBrrBhhiLYlpZaV6m1fmjkhz5FPwdjAHrmL-sReSbTpAGypJI5N_K6O_kygBzPxClNnihPnkf_EalKuP9CQIrNpxeUWeefVbGXxJ4/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20February%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKvlPfYEAdEV7hmxUJVr38qT7_dFAwZqWyeY2G22B5lOTW4yRTOK7rzMrJ06PD8KjYftOJRlX0KNlhmLJQsNIRqfFBrrBhhiLYlpZaV6m1fmjkhz5FPwdjAHrmL-sReSbTpAGypJI5N_K6O_kygBzPxClNnihPnkf_EalKuP9CQIrNpxeUWeefVbGXxJ4/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20February%202024.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-90534738181799241092024-02-22T04:24:00.000-08:002024-02-22T04:24:20.099-08:00The Green Energy Metals Royalty and Gold Company: TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSuwTayXnQttT1N_CeFe34-gjXdTz3kLEiGCBCXliRhX18Ts-9-4dsLjB6lZPqq4m01Ts_O5JcCKsS1ht8cD_c24x5tlWnSg8vZTG7QHCPtw_v1YRiwkgmkWdozJZn6f-77sE6S8mrwXTsqkfFQILZUDZi8qa5mCQNmFd81j8p_Nws4-xK77HFrHe7hrE/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjSuwTayXnQttT1N_CeFe34-gjXdTz3kLEiGCBCXliRhX18Ts-9-4dsLjB6lZPqq4m01Ts_O5JcCKsS1ht8cD_c24x5tlWnSg8vZTG7QHCPtw_v1YRiwkgmkWdozJZn6f-77sE6S8mrwXTsqkfFQILZUDZi8qa5mCQNmFd81j8p_Nws4-xK77HFrHe7hrE/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a><br /><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are building <a href="https://tnrgoldcorp.com"><b><span style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company</b></a>”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMqVGfVQt7lZ88opl7iZK5cZzbMkfHTuZpxjR7AZNJO5tuCLQBZp5KBiCMLT_mg2INXam-TWdCBc3gfsgE9dITqLumq1DuTeq0kMSFnEscqVqraZT64DQe1nUO3fVEKqAQ74O1uzvElOqN2wZpQairOuZj2E7r4tAxIkJ_TrBfwGVuglpONfpborcDK28/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiMqVGfVQt7lZ88opl7iZK5cZzbMkfHTuZpxjR7AZNJO5tuCLQBZp5KBiCMLT_mg2INXam-TWdCBc3gfsgE9dITqLumq1DuTeq0kMSFnEscqVqraZT64DQe1nUO3fVEKqAQ74O1uzvElOqN2wZpQairOuZj2E7r4tAxIkJ_TrBfwGVuglpONfpborcDK28/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgng6jHUUO4EZkoRJzrkqv135go5Fi4Dd6Ri3nKxvNAgL8MtDr-sPWCGWr1raiESbDknsXj0Vs0a-EYNmKDq_gQ3_MK01BlVXp_Li43KeVNLtpLsE9LmePELmKg4QOdMDFynz72ot19rVTBuAsIITIB0pteNebdXXjASSVdIaeEzZVNMdFEA97YH5oHnE/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhgng6jHUUO4EZkoRJzrkqv135go5Fi4Dd6Ri3nKxvNAgL8MtDr-sPWCGWr1raiESbDknsXj0Vs0a-EYNmKDq_gQ3_MK01BlVXp_Li43KeVNLtpLsE9LmePELmKg4QOdMDFynz72ot19rVTBuAsIITIB0pteNebdXXjASSVdIaeEzZVNMdFEA97YH5oHnE/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRlfetm3wRio4jylLd7QXGYEIxeEPNpYRrjDVMmAoJcLBdfGpm4Reyd9l-Nss2jrXVWpaqA_eASCDKbQdJeG6rf_vapyhVGLis-MTIJ2bVE__V7Zvwccv2EXR4sf9Wb49BcnEYYP2Fz0tlKn1DZb5eTL_JCWZiq07Wxiv8Pt1aBvqqaSkS4ouMyqadOT8/s2500/292KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRlfetm3wRio4jylLd7QXGYEIxeEPNpYRrjDVMmAoJcLBdfGpm4Reyd9l-Nss2jrXVWpaqA_eASCDKbQdJeG6rf_vapyhVGLis-MTIJ2bVE__V7Zvwccv2EXR4sf9Wb49BcnEYYP2Fz0tlKn1DZb5eTL_JCWZiq07Wxiv8Pt1aBvqqaSkS4ouMyqadOT8/w400-h300/292KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from the Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPKkD86MhachMKrFNyyiJtHhf-njRDM4fvUdkxVYDNj8xJJD4hQABUonaHAs1wxXigZKQw7d3Obj_KMCH5fa35r2Ovbahq6M4lOZK3rWavIqlJN7NFh7uxn03wcyo3JiG_8bM7S_y6V1Y34rOkpdn9L3uLdabOy9QO6cb90zMJk0XYUJifc0MoSB8DxEA/s3333/16TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiPKkD86MhachMKrFNyyiJtHhf-njRDM4fvUdkxVYDNj8xJJD4hQABUonaHAs1wxXigZKQw7d3Obj_KMCH5fa35r2Ovbahq6M4lOZK3rWavIqlJN7NFh7uxn03wcyo3JiG_8bM7S_y6V1Y34rOkpdn9L3uLdabOy9QO6cb90zMJk0XYUJifc0MoSB8DxEA/w400-h225/16TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; margin-bottom: 5px;"><div style="text-align: center;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px; text-align: center;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i><br /></i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px; text-align: center;"><b><i>Do Your Own Research.</i></b></div></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; text-align: start;" /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhsaOusVQjF5060RYDfCZ-U3xS6Hu5eLrsBS1wP7ijtQENEJavxM5F1hyoUq5YWv7PpgntvGKSfuW0BjAwsXJ_ERMxQ1Bb8tZlnZDiuFzQY7AFrCq8O8omkXtWbLdAIHznomRFhhjK3Kw_4wLUAGEFchKMMz5MbU55SwZTR7ZNb91B3mGHIpGIgFRJpcc/s3333/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhsaOusVQjF5060RYDfCZ-U3xS6Hu5eLrsBS1wP7ijtQENEJavxM5F1hyoUq5YWv7PpgntvGKSfuW0BjAwsXJ_ERMxQ1Bb8tZlnZDiuFzQY7AFrCq8O8omkXtWbLdAIHznomRFhhjK3Kw_4wLUAGEFchKMMz5MbU55SwZTR7ZNb91B3mGHIpGIgFRJpcc/w400-h225/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><p style="text-align: center;"><br /></p><p style="text-align: justify;"><span style="font-size: medium;"><b>TNR Gold:</b></span></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin-bottom: 0.67em; margin-top: 0.67em; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold Bought 5,616,000 Shares to Date Under Normal Course Issuer Bid </strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – February 21, 2024: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to provide a corporate update and announce that the Company has purchased 5,616,000 shares to date under its normal course issuer bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As announced on June 1, 2023, TNR Gold is conducting a normal course issuer bid (the “<strong style="box-sizing: border-box;">Bid</strong>“) pursuant to which the Company may purchase up to a maximum of 9,548,639 common shares of the Company (the “<strong style="box-sizing: border-box;">Shares</strong>”), representing approximately 5% of the Company’s outstanding common shares (“Shares”). No more than 2% of the outstanding Shares may be purchased in any 30-day period.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company intends to terminate the Bid on or about June 4, 2024. Purchases pursuant to the Bid are being made from time to time by PI Financial Corp. on behalf of the Company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the Company’s working capital. All Shares purchased pursuant to the Bid will be returned to treasury as authorized and unissued shares.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. No insiders of the Company intend to participate in the Bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are building <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from the Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3VhXznFcqsQvvv_JN5NSAV5uQ248tT0sNjz47WJcq0Htu16QrZ03vQo_Y5_wd1CSRF6pVMN-NdsoF-sr0ADSiUdK-rGEYerBCGcuErEpGSeDCcVf3LSjyDjk44bWKZWv9rSWB-Lbxk-R8XKyk94ZrZJ18mcAix4dZLSluHPsyVVTdTck0E1v7DXf0dwE/s3333/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3VhXznFcqsQvvv_JN5NSAV5uQ248tT0sNjz47WJcq0Htu16QrZ03vQo_Y5_wd1CSRF6pVMN-NdsoF-sr0ADSiUdK-rGEYerBCGcuErEpGSeDCcVf3LSjyDjk44bWKZWv9rSWB-Lbxk-R8XKyk94ZrZJ18mcAix4dZLSluHPsyVVTdTck0E1v7DXf0dwE/w400-h225/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html">Shotgun Gold Project – Alaska</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Shotgun Gold Project is an advanced-stage exploration prospect in southwestern Alaska. The Company’s exploration field program in 2022-2023 at the Shotgun and Winchester prospects, located in the Taylor Mountain Quadrangle, Alaska, investigated the geochemical anomalies generated by the 1998 Novagold Resources soil surveys and the geophysical targets indicated by anomalies from the SJ Geophysics 2011 and 2012 EM surveys.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ6vrsp8Ni2yTC87Y8hmkQBPoT8KQgNlgjwVl98QQ9hvPNarrMQSbm21ulLs_S5vLl63BL9zdRf0gJSeJjdd84az0BJz3Ecda1Rg6NCETu2bLZg_RW6bZ7OOsLlUv9cAcb5iDJMgXQhT8mIfeUHuSjgolx2UgKvjleyFDP84147bSKGrqL6wI3r8Bp6uU/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJ6vrsp8Ni2yTC87Y8hmkQBPoT8KQgNlgjwVl98QQ9hvPNarrMQSbm21ulLs_S5vLl63BL9zdRf0gJSeJjdd84az0BJz3Ecda1Rg6NCETu2bLZg_RW6bZ7OOsLlUv9cAcb5iDJMgXQhT8mIfeUHuSjgolx2UgKvjleyFDP84147bSKGrqL6wI3r8Bp6uU/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The Company’s strategy with the Shotgun Gold Project is to attract a partnership with a major gold mining company. TNR Gold has successfully consolidated and updated its mining claims in Alaska and is actively introducing the project to interested parties,” commented Kirill Klip. “We may be at the beginning of a great discovery. There is a clear path on how to move this prospective project forward using the geological and geophysical research currently available to target drilling to expand the resource. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun Gold Project over time. The latest exploration program allows us to provide additional information on TNR’s Shotgun Gold Project for our potential strategic partners.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUjvJLL9n98Kr6lzb35uG0RiOWrAao96-aFfacvPLsiUl22leVjToRRqooU5HR-ZfH7ZnFGejPRF9N83XYlDzT9B0cM8kX5hXOkxTkC2mVxmHKXlLaMVeowWLwQy2nowBUJ8ANY0l1aAEt0rmUvrqmF3boFLbj6x7lrQWbiR3RAkbs2pM3K_pPVoPGIIA/s3333/26TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgUjvJLL9n98Kr6lzb35uG0RiOWrAao96-aFfacvPLsiUl22leVjToRRqooU5HR-ZfH7ZnFGejPRF9N83XYlDzT9B0cM8kX5hXOkxTkC2mVxmHKXlLaMVeowWLwQy2nowBUJ8ANY0l1aAEt0rmUvrqmF3boFLbj6x7lrQWbiR3RAkbs2pM3K_pPVoPGIIA/w400-h225/26TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><strong style="box-sizing: border-box;"><a href="https://tnrgoldcorp.com/projects/">About the Shotgun Gold Project</a></strong></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 90% interest in the Shotgun Gold Project that is located 190 kilometres south of the Donlin Gold Project deposits within the Kuskokwim Gold Belt in southwestern Alaska. This area is emerging as a multi-million-ounce gold district. The Shotgun property includes a number of prospects, including Shotgun Ridge and nearby Winchester. The Donlin Gold Project is an intrusion-associated system and represents one of the largest undeveloped gold deposits in the world. The Company believes that there are several key similarities between prospects on the Shotgun property and that of the Donlin Gold Project deposits as well as other important intrusion-associated deposits worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlcstINORMftm7Wsa4gISGTznwCqTChYH4yyespPjxiOneJVrX7T5G9Xpqik5Hce368hX4s7iDcVwI4hc0zoG8yLPs517br8m5PHW53pmiYJonJCi5IzU5N2cVSnJiD6WIPgwe5PeFwUeh-3eMZ7QxXEbx2omIIvS6FLRrfeYANPuaJASrLdHdPsh0yro/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlcstINORMftm7Wsa4gISGTznwCqTChYH4yyespPjxiOneJVrX7T5G9Xpqik5Hce368hX4s7iDcVwI4hc0zoG8yLPs517br8m5PHW53pmiYJonJCi5IzU5N2cVSnJiD6WIPgwe5PeFwUeh-3eMZ7QxXEbx2omIIvS6FLRrfeYANPuaJASrLdHdPsh0yro/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company is targeting a large tonnage porphyry system at Shotgun Ridge. Structural repeats, as interpreted from airborne magnetic data and ground geophysical surveys, provide TNR with encouraging targets for future drill testing.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Detailed information about the inferred mineral resource estimate is included in the technical report titled, “Technical Report on the Shotgun Gold Project, Southwest Alaska”, dated May 27, 2013 that can be found on the TNR Gold website at <a href="about:blank" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;">www.tnrgoldcorp.com</a> or on SEDAR at <a href="http://www.sedar.com/" style="box-sizing: border-box; color: #00295b; text-decoration: none; transition-duration: 0.2s; transition-property: color, background-color, border-color; transition-timing-function: linear;">www.sedar+.ca</a>.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7scf2JzDhhYyHiJw-sSOJkGBRqHbYVcLH5FgJwZsDzW2bvnoPXAz5kXgu0OfaNMcrSq3fRFLPI9ysSKxtreBOLXioIHBchkd1h4CIVWBeqMUUuLLaBWqiQkwhg0lEJVDA8GKJKU4azLNIPFup9xuLU4nXPcRTXOM9leQ_k1XK3qN58SPY7eEcA91Fa8Q/s2500/19KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7scf2JzDhhYyHiJw-sSOJkGBRqHbYVcLH5FgJwZsDzW2bvnoPXAz5kXgu0OfaNMcrSq3fRFLPI9ysSKxtreBOLXioIHBchkd1h4CIVWBeqMUUuLLaBWqiQkwhg0lEJVDA8GKJKU4azLNIPFup9xuLU4nXPcRTXOM9leQ_k1XK3qN58SPY7eEcA91Fa8Q/w400-h300/19KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/powered-by-gold-and-tesla-energy.html">Mariana Lithium NSR Royalty Holding</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On May 2, 2023, TNR Gold announced that Ganfeng Lithium (“Ganfeng Lithium”) provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-6GQ04mrDvlgf_xVS0gx39Gp4CFfTWyZVIieVr9vlvLv3AvIZDtkboWuVX3h8uB6dqiRMzawVR-J1zIPCl8a3AyRKxWi0tPgvCvSz10rVRRRHxe57F1F2l1cj24RLYFq3nzKuZxaS6RXYuKOZvQaoL3vxuE-hDcc0wyNNxkPl9O8Y_FhX-Z8mX5IFJQk/s3333/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-6GQ04mrDvlgf_xVS0gx39Gp4CFfTWyZVIieVr9vlvLv3AvIZDtkboWuVX3h8uB6dqiRMzawVR-J1zIPCl8a3AyRKxWi0tPgvCvSz10rVRRRHxe57F1F2l1cj24RLYFq3nzKuZxaS6RXYuKOZvQaoL3vxuE-hDcc0wyNNxkPl9O8Y_FhX-Z8mX5IFJQk/w400-h225/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its 2022 Annual Report, Ganfeng Lithium reported:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“The Mariana lithium salt lake project in Argentina is progressing smoothly at present, the first evaporation pond of which has been in the stage of water injection. It is expected that the project will commence production in 2024.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD-2WMpS89dp2a2j0ODWBG7fmY0Ro7X8mHlkqFg_fPe3oCcC922pseZJyvp0Iih7lziZU9nhSRPg_d58BI25-k3alMEAS3AvDoKqWEqyGivlFGkZO4YACTk82S3sV4uVe_dB7daDWTwSN3ZFA8rdXRTfG2aercpXNvF1qQ6oFU3XVolvFjiNY-LYzqTrQ/s2500/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjD-2WMpS89dp2a2j0ODWBG7fmY0Ro7X8mHlkqFg_fPe3oCcC922pseZJyvp0Iih7lziZU9nhSRPg_d58BI25-k3alMEAS3AvDoKqWEqyGivlFGkZO4YACTk82S3sV4uVe_dB7daDWTwSN3ZFA8rdXRTfG2aercpXNvF1qQ6oFU3XVolvFjiNY-LYzqTrQ/w400-h300/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><em style="box-sizing: border-box;"><br /></em><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began last June, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT8zdBQ0JzvvTl2tWGTvZxmg8zasQcJFwf5fjFmj2RcZQo_pIqosg4uGuCqH4B5C9IIed4HwJFZD6c2IziDJiF3l0XaxFS8lWStH8h4y0gkKT1C3ZzDXiz8Ku_I9Ox4tBo-BijQgjoJddfSRAoiw524cQMN7BwrSYzxgV9QCuoqOLM_m7J_MNqpbIUa3o/s2500/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgT8zdBQ0JzvvTl2tWGTvZxmg8zasQcJFwf5fjFmj2RcZQo_pIqosg4uGuCqH4B5C9IIed4HwJFZD6c2IziDJiF3l0XaxFS8lWStH8h4y0gkKT1C3ZzDXiz8Ku_I9Ox4tBo-BijQgjoJddfSRAoiw524cQMN7BwrSYzxgV9QCuoqOLM_m7J_MNqpbIUa3o/w400-h300/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“TNR does not have to contribute any capital for the development of the Mariana Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJKUJqzad2o6ONNJcBFJ_r2FS_VnEuTEHpCvoU1oA7GcOeW-FCj2A_MFrH8j7ZXAPKE6gJKbfdSoCFxOBu4lOQDFryVMLvmI2xB1KBkGW4UNe_Dg3XlBy5CAyu9RAEy3z_cRz3shmjf3cojefJZpv06JMHoirSJxtO0glDrRGbd5WyICPNnER5WqJe1xk/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJKUJqzad2o6ONNJcBFJ_r2FS_VnEuTEHpCvoU1oA7GcOeW-FCj2A_MFrH8j7ZXAPKE6gJKbfdSoCFxOBu4lOQDFryVMLvmI2xB1KBkGW4UNe_Dg3XlBy5CAyu9RAEy3z_cRz3shmjf3cojefJZpv06JMHoirSJxtO0glDrRGbd5WyICPNnER5WqJe1xk/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><a href="https://kirillklip.blogspot.com/2023/11/powered-by-tesla-energy-revolution-tnr.html">Los Azules Copper, Gold and Silver NSR Royalty Holding</a></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On December 18, 2023, TNR Gold announced that, McEwen Mining Inc. provided an update on the Los Azules Copper Project in San Juan, Argentina. TNR holds a 0.4% NSR Royalty (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project. The Los Azules Copper Project is held by McEwen Copper Inc., a subsidiary of McEwen Mining.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg758ITiM5oYnWTyMc6AOV-LlpDZl_qSufmxpupAmj8F-7rrDG_3R8cqUgCLg7RZ2yZzzXUjdZxFTfWX46hIfiQAw_-i0pqNoCeRTOW66NhdXkSnvSUwP1rhswgyssSKES6GIqCu30l7KMakqAqdJ9IxXIn5WbWI-gbNIbScWBDPZzcT5QdAUTP0sROZ-c/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg758ITiM5oYnWTyMc6AOV-LlpDZl_qSufmxpupAmj8F-7rrDG_3R8cqUgCLg7RZ2yZzzXUjdZxFTfWX46hIfiQAw_-i0pqNoCeRTOW66NhdXkSnvSUwP1rhswgyssSKES6GIqCu30l7KMakqAqdJ9IxXIn5WbWI-gbNIbScWBDPZzcT5QdAUTP0sROZ-c/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued on December 12, 2023, by McEwen Mining stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“</em><strong style="box-sizing: border-box;">McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Eighteen drill rigs are currently on site at Los Azules and over 18,000 meters of drilling have already been completed, representing more than one-third of the planned meters for this season’s campaign.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Recently, key management and directors from McEwen Mining and McEwen Copper visited the project to review the progress made towards delivery of the feasibility study for the future Los Azules Mine. Michael Meding, Vice President and General Manager of McEwen Copper, commented: <em style="box-sizing: border-box;">‘We are very pleased with the progress at Los Azules since 2021, when McEwen Copper was created to drive forward the development of one of the world’s largest undeveloped copper projects. Our vision is to develop Los Azules as a model for the future of mining.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Technical Information</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The technical content of this news release related to financial results, mining and development projects has been reviewed and approved by William (Bill) Shaver, P.Eng., COO of McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and the Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFYYpoHAaxguxYoJIxFujTATgpKZ1_NJFBn9HcdgzS16WEVerzJh7kaTZ0G0ArfHWkhgNThNJLCnrDsVb24IxWl8JcyHaCcoIqUjExhy-Y0AFzWqU3zaAgqTo5_zioNJVD01kH1QR28OP4Fa8OUttoWEJxbknSAjlBmMw8jwa2L_McuLeFUn3tpTuQeiU/s3333/107TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFYYpoHAaxguxYoJIxFujTATgpKZ1_NJFBn9HcdgzS16WEVerzJh7kaTZ0G0ArfHWkhgNThNJLCnrDsVb24IxWl8JcyHaCcoIqUjExhy-Y0AFzWqU3zaAgqTo5_zioNJVD01kH1QR28OP4Fa8OUttoWEJxbknSAjlBmMw8jwa2L_McuLeFUn3tpTuQeiU/w400-h225/107TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The news release issued by McEwen Mining on February 12, 2024, stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“<strong style="box-sizing: border-box;">McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Twenty drill rigs are currently on site at Los Azules and over 36,000 meters (118,000 ft) of drilling have been completed so far this season, to advance all areas that contribute to the upcoming Feasibility Study (FS), which is expected to be published in Q1 2025.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">At the Los Azules Project, we’ve made significant progress. Our drilling program is over halfway complete, with 36,000 meters drilled out of the 55,000 planned for our comprehensive feasibility study. The work necessary for the completion of the feasibility study includes mineral resource estimation, metallurgical testing, equipment selection, final completion and cost estimation of design for the mine and our facilities. Additionally, we will work to advance our power and road infrastructure plans and establish preliminary site-wide water balance including pit dewatering.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On the ground, we’ve made tangible progress with the drilling program, construction of our winter camp and improvements to the exploration road facilitating year-round operations. We’re also on track with environmental permitting, reflecting our commitment to responsible development.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPUCMV5ELJfgNOPxY3-3pMtyB9maMgJWmFhxLEg9h9PKy0wAk9prcOTT_Z3q4LO8GZj1GECOXqD-0i8RaSf4SuEeQDwkn7D68LplZMCzQjmMZ9qfzTWxHKggHspXeIaVtvls5oyWtDZzwRo7g7wopKmm683h8eEtij4wgWSIdAb73kvGY8q5dLfLlLexU/s3333/162TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhPUCMV5ELJfgNOPxY3-3pMtyB9maMgJWmFhxLEg9h9PKy0wAk9prcOTT_Z3q4LO8GZj1GECOXqD-0i8RaSf4SuEeQDwkn7D68LplZMCzQjmMZ9qfzTWxHKggHspXeIaVtvls5oyWtDZzwRo7g7wopKmm683h8eEtij4wgWSIdAb73kvGY8q5dLfLlLexU/w400-h225/162TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Financially, we’ve been diligent in protecting our treasury. The majority of our funds have been invested in depository receipts of foreign and major Argentinean corporations, to shield us from devaluation. This strategic move ensures that the Los Azules project’s financial backbone stays robust in supporting our project development.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">“We are adapting to a changing environment in Argentina, recognizing the importance of current political and economic reforms for the future stability and growth of the nation. Mining is a vital component of Argentina’s economy and, under the right conditions, one that is poised to grow significantly and support the country’s economic recovery,”</em><strong style="box-sizing: border-box;"> </strong>said Michael Meding, VP of McEwen Copper and General Manager of the Los Azules Project.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Technical Information</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The technical content of this news release related to financial results, mining and development projects has been reviewed and approved by William (Bill) Shaver, P.Eng., COO of McEwen Mining and a Qualified Person as defined by SEC S-K 1300 and the Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects.”</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW_8URgk-RajNP1QrMeUFLpezqvWEKnltZscGyUPNsG_3dEhc4mdH0ktWT52_zqHBaalDLet7_3g4G5GzcU0YFxGd8btCQLBLm7KfLJ0wJeYunlNp8F6D7CdvcrsdTVMvHU8tVWCMhwJVKgytBYl6lZiyoFw3noVcmW4szkqoLay11ykOqL7w7nhth0sI/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgW_8URgk-RajNP1QrMeUFLpezqvWEKnltZscGyUPNsG_3dEhc4mdH0ktWT52_zqHBaalDLet7_3g4G5GzcU0YFxGd8btCQLBLm7KfLJ0wJeYunlNp8F6D7CdvcrsdTVMvHU8tVWCMhwJVKgytBYl6lZiyoFw3noVcmW4szkqoLay11ykOqL7w7nhth0sI/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“About McEwen Copper</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">McEwen Copper Inc. holds a 100% interest in the Los Azules copper project in San Juan, Argentina and the Elder Creek project in Nevada, USA.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). Its current copper resources are estimated at 10.9 billion pounds at a grade of 0.40% Cu (Indicated category) and an additional 26.7 billion pounds at a grade of 0.31% Cu (Inferred category). A PEA published in June 2023 estimated a $2.7 billion after-tax NPV8% at $3.75/lb Cu and a 27-year mine life.” <a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-update-on-nsr-royalty-los.html"><b>TNR Gold News Releases dated June 26</b></a> and October 18, 2023.”</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-XdnjMTHLfPuGsLPVEDtOp2DLcdxCED0auaDwKcflZxWdwDWl4mSJCP3bss7P_N6INI1dIZLlDQtNQVvMbEjsy7XjuDW_4fER8Gff3JL9odAdd7UQZxjhTjSNjasnDmU_XMq_3JqVwLj1eizorH7R2pq2hTQ1USkbkwupMpCg_8PfyMQkvfHdOn9IxIU/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh-XdnjMTHLfPuGsLPVEDtOp2DLcdxCED0auaDwKcflZxWdwDWl4mSJCP3bss7P_N6INI1dIZLlDQtNQVvMbEjsy7XjuDW_4fER8Gff3JL9odAdd7UQZxjhTjSNjasnDmU_XMq_3JqVwLj1eizorH7R2pq2hTQ1USkbkwupMpCg_8PfyMQkvfHdOn9IxIU/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The McEwen Mining press release appears to be reviewed and verified by a Qualified Person (as that term is defined by National Instrument 43-101 – <em style="box-sizing: border-box;">Standards of Disclosure for Mineral Projects</em>) and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify McEwen Mining’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.</p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBGrIHHHDHw6QAJvbWCzFrVhJZLgRW9sBHbyqonD40rNFzJti_M3xeoOGuFBrvXYK7adrGtKaOxEZAFKrnp5w4-dJGmp1BZHpLQ4tdMEAiZeXzcg2C_3KrMlPVoXaDPfX8MwilsNk-xcRh1qQKgxAMoPwuSJA_vCHyXOyQdxVlsoaTFQUR7CDOt0MVAos/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBGrIHHHDHw6QAJvbWCzFrVhJZLgRW9sBHbyqonD40rNFzJti_M3xeoOGuFBrvXYK7adrGtKaOxEZAFKrnp5w4-dJGmp1BZHpLQ4tdMEAiZeXzcg2C_3KrMlPVoXaDPfX8MwilsNk-xcRh1qQKgxAMoPwuSJA_vCHyXOyQdxVlsoaTFQUR7CDOt0MVAos/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper, as a strategic partner in the future development of this large copper, gold and silver project, stated Kirill Klip, TNR’s Chief Executive Officer. “In February 2023, Stellantis invested ARS $30 billion, and with an additional investment of ARS $42 billion made after the new preliminary economic assessment (PEA) publication, has a total investment of ARS $72 billion.<strong style="box-sizing: border-box;"> </strong>An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023”. . TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZE8wuBtxDqpXc2_v4g9inyTPt65QjRBj7MWe7tcrdA3VFucvDsg1sagMlisO6fmCTq7CXTX5Jvv-yzXbgmD-O8YhuK-TfhK_NoTb5-iyoLrADBTTd1Jehq-xSCCpUNdyayxQ-uetydWEB5FT0KyENp3iXGM6tXEPOoo6uVMyMZBa1kfCCG0yFCKzP1Yo/s3333/147TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZE8wuBtxDqpXc2_v4g9inyTPt65QjRBj7MWe7tcrdA3VFucvDsg1sagMlisO6fmCTq7CXTX5Jvv-yzXbgmD-O8YhuK-TfhK_NoTb5-iyoLrADBTTd1Jehq-xSCCpUNdyayxQ-uetydWEB5FT0KyENp3iXGM6tXEPOoo6uVMyMZBa1kfCCG0yFCKzP1Yo/w400-h225/147TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Strong team performance is accelerating the McEwen Copper Los Azules program. <a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-update-on-nsr-royalty-los.html"><b>The Los Azules Project PEA results highlighted the potential to create very robust leach project</b></a>, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghsuxMETnhr9ukB1iYWV6TkDyzqyHRauwxEtnpc729fta9El2NT9iA3lvrrw3OBIF0tRwj7cyEnS8KcSwJ-LE4l-PzNduJVATrzADdPx8sMj6GlelOzTmZpNzdBNa95bg7fb4eAl3N85enuqYNOd7LDY2b5GMnzb5WI-mRG5L0IZ2DJmMGtxk2NQGGLYU/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghsuxMETnhr9ukB1iYWV6TkDyzqyHRauwxEtnpc729fta9El2NT9iA3lvrrw3OBIF0tRwj7cyEnS8KcSwJ-LE4l-PzNduJVATrzADdPx8sMj6GlelOzTmZpNzdBNa95bg7fb4eAl3N85enuqYNOd7LDY2b5GMnzb5WI-mRG5L0IZ2DJmMGtxk2NQGGLYU/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wI9RZ25W0CwHAdlSogYR8-kyS5soTv9BpHLeUlfVVqxY31PXFDWjtM3yVwORHcXwFYQX7FvKvEglH43CIRLLQOMEcQEi45uulyhVRGWI8F8RByD5bZxHqfZzeik3u2i-FGCba8RAK8OUA3y8v6g2A9UCz1XQNz7xc9Wdk8KrES6bnrv0smFTnnhHATI/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2wI9RZ25W0CwHAdlSogYR8-kyS5soTv9BpHLeUlfVVqxY31PXFDWjtM3yVwORHcXwFYQX7FvKvEglH43CIRLLQOMEcQEi45uulyhVRGWI8F8RByD5bZxHqfZzeik3u2i-FGCba8RAK8OUA3y8v6g2A9UCz1XQNz7xc9Wdk8KrES6bnrv0smFTnnhHATI/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjewpXzCnheg2J2Z2gPfDF8dELwnnBRxjJ_AbZFN19Pjpz-4Hk_t58WIuPOmbPAPGVGA72B4cbdcyIYCkw1zv7zZBE-7TKs4_LutT-iHbAylBxrwcafdCjjXY6Kd2AqNZeG2o5Azk8yY552rwBkzdvqoJCYEhVMFoi3fa4JJexTWv9lO3SStwQJUWMF20c/s3333/166TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjewpXzCnheg2J2Z2gPfDF8dELwnnBRxjJ_AbZFN19Pjpz-4Hk_t58WIuPOmbPAPGVGA72B4cbdcyIYCkw1zv7zZBE-7TKs4_LutT-iHbAylBxrwcafdCjjXY6Kd2AqNZeG2o5Azk8yY552rwBkzdvqoJCYEhVMFoi3fa4JJexTWv9lO3SStwQJUWMF20c/w400-h225/166TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Batidero I and II NPR Royalty Holding</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">On April 28, 2022, TNR Gold announced that Lundin Mining Corporation completed a plan of arrangement pursuant to which Lundin acquired all of the issued and outstanding shares of Josemaria Resources Inc. (“<strong style="box-sizing: border-box;">Josemaria Resou</strong>rces”) and Josemaria Resources became a subsidiary of Lundin. TNR holds a 7% net profit interest royalty (“<strong style="box-sizing: border-box;">NPR</strong>”) on the Batidero I and II properties of the Josemaria copper-gold project located in San Juan, Argentina that is owned by Josemaria Resources. </p><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5YGlH2UTUsO5Qw5CSuoCquUsIgYpenzNf_FUvKKpvrUsjLtJvHwgzKs6YbGgbHIzJzrUgZeZFliozuhVGXWFGaM830VH6pMkuFZuEm5FzZC7YTVvI6_dBWjOqIERYylGWuR4obcRoYUrSCYM0uai6e7aeg1imMEmk3XPz7ulizuRoowWgfzkA18lLbMI/s3333/168TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh5YGlH2UTUsO5Qw5CSuoCquUsIgYpenzNf_FUvKKpvrUsjLtJvHwgzKs6YbGgbHIzJzrUgZeZFliozuhVGXWFGaM830VH6pMkuFZuEm5FzZC7YTVvI6_dBWjOqIERYylGWuR4obcRoYUrSCYM0uai6e7aeg1imMEmk3XPz7ulizuRoowWgfzkA18lLbMI/w400-h225/168TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its news release dated April 28, 2022, Lundin stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“The addition of the Josemaria project to Lundin Mining’s portfolio solidifies our position as a leading base metals producer with high-quality copper exposure and significant growth. We look forward to building upon the excellent reputation of Josemaria Resources in San Juan and Argentina,” said Peter Rockandel, Lundin Mining President and CEO, “We are excited to lead the project through the remaining stages of development and into production to create significant value for all stakeholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilRnEBM0dnlhE_W9f7H82pNqvsTJ6-4bMGxglcPXKXqqXq08KLmiEQc2e0xohgRHHNg3BtY18KtDRmP6DJnZlJ-y8aXNEPLm8NLedswKNpiO09Zi3NeqTsNWmsh7dXHhozutqihxZTRoNQpP4N_aFoocLizeOs1OQQjOXFH2WxjsMXWjlXBt7g8tYK45s/s3333/171TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilRnEBM0dnlhE_W9f7H82pNqvsTJ6-4bMGxglcPXKXqqXq08KLmiEQc2e0xohgRHHNg3BtY18KtDRmP6DJnZlJ-y8aXNEPLm8NLedswKNpiO09Zi3NeqTsNWmsh7dXHhozutqihxZTRoNQpP4N_aFoocLizeOs1OQQjOXFH2WxjsMXWjlXBt7g8tYK45s/w400-h225/171TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“Josemaria Project Update</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As announced by Josemaria Resources on April 11, 2022, the Mining Authority of San Juan, Argentina has approved the Environmental Social Impact Assessment for the Josemaria Project, marking a significant milestone in the project’s permitting process. Lundin Mining and the Josemaria project team are working with the national and provincial authorities to progress the project through the next stages of development. Discussions regarding commercial agreements and securing of additional sectoral permits are ongoing and anticipated later this year prior to a definitive construction decision.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Josemaria project is progressing through basic engineering with procurement of long-lead equipment, including securing key items of crushing and processing. Study work is ongoing, including updating of cost estimates to be reflective of current conditions and evaluation of potential scope changes compared to plans envisaged in the Josemaria Resources 2020 Feasibility Study (“NI 43-101 Technical Report, Feasibility Study for the Josemaria Copper-Gold Project, San Juan Province, Argentina” dated November 5, 2020 (the “Josemaria Resources 2020 Feasibility Study”)). Lundin Mining aims to complete an updated Technical Report for the project in the fourth quarter of 2022. While this work has not yet concluded, the Company expects the initial capital expenditure estimate of the project to be greater than $4 billion. Effective post-closing, the Company intends to spend up to $300 million to advance the project ahead of a construction decision in the second half of 2022, including engineering, commitments for long lead items, preconstruction activities and drilling.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">As part of the updated Technical Report, Lundin Mining plans to complete new Mineral Reserve and Resource estimates. Approximately 20,600 meters of drilling have been completed on the project since the most recent 2020 Josemaria Resources mineral estimates and 35,000 meters of additional drilling are planned to be completed ahead of the new estimates.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Xo3vj4tATDtzoIGD2VSf9zIFxZiht5rwb-bVumGcWPQ_SRVd03tUEC_ubKbLgs1xEsLfjhpj8Vwyatvhf4BWuzytIfyqOSwg8MS2IfFTNc53INzHdxh_v1DpCHu3YLPo0_xD6Pfhx2gBZrDt-29KE4ZKGfm-awaBbIwwr9DKNwtO2H30UF86UfWo74Y/s3333/172TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8Xo3vj4tATDtzoIGD2VSf9zIFxZiht5rwb-bVumGcWPQ_SRVd03tUEC_ubKbLgs1xEsLfjhpj8Vwyatvhf4BWuzytIfyqOSwg8MS2IfFTNc53INzHdxh_v1DpCHu3YLPo0_xD6Pfhx2gBZrDt-29KE4ZKGfm-awaBbIwwr9DKNwtO2H30UF86UfWo74Y/w400-h225/172TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">In its news release dated January 14, 2024, Lundin stated:</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">“2024 Capital Expenditure Guidance</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Josemaria Project ($225 million): </strong>The estimated capital expenditures in 2024 will continue to support advancing the project prior to a construction decision. An updated capital cost estimate and project schedule is pending completion that will incorporate results from project de-risking initiatives and optimization studies. Capital expenditures primarily include continuation of hydrology work, delivery of long-lead mills and motors. Field activities will include road upgrades and geotechnical work as well as permitting initiatives, mainly for the powerline, access road and community relations programs.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">About Lundin Mining</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">Lundin Mining is a diversified Canadian base metals mining company with operations and projects in Argentina, Brazil, Chile, Portugal, Sweden and the United States of America, primarily producing copper, zinc, gold and nickel.”</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR’s 7% NPR holding on the Batidero I and II properties of the Josemaria Project held by Lundin Mining represents future growth potential for the royalty portfolio.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTiuVOrcfHPVj1FLfbg28fnWvPDDiB5BIzrlLrYaeorRwSBnIJCfl3kGaDHmpqtLmCyyC1uYf2WlIvn7g4ngm5otgReM9EYEk_sRsilzU6XNzXeJHlx-DgI6_gzNQWXCzEzAhOiK7xAIfuDqIp9n85YpRR9p9t__H8fDfRnE7PSAYeyuW709AH5f8FrM/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgVTiuVOrcfHPVj1FLfbg28fnWvPDDiB5BIzrlLrYaeorRwSBnIJCfl3kGaDHmpqtLmCyyC1uYf2WlIvn7g4ngm5otgReM9EYEk_sRsilzU6XNzXeJHlx-DgI6_gzNQWXCzEzAhOiK7xAIfuDqIp9n85YpRR9p9t__H8fDfRnE7PSAYeyuW709AH5f8FrM/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 24px; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; text-align: justify;"><a href="https://tnrgoldcorp.com">ABOUT TNR GOLD Corp.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"></p><div style="text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></div><strong style="box-sizing: border-box;"><div style="text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div></strong><div style="text-align: justify;">www.tnrgoldcorp.com</div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;"></em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhhkSIb8vigQyD8jqVYkM24JZjK_LPJiaN6HVtzT2HaXo6zsou7aEKac1AHTIAm49BgGQxhZqBnHuMg0S4mIafzhinopDcpSiTbcD737sF_Gq5A3BM8oqN20mY3Y8n724VUbBFH1UfHe5B5BvRjPHONQPALhWZ69JN4IpQDlP_KO0K_7fJOWEnlLAM-Dc/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhhkSIb8vigQyD8jqVYkM24JZjK_LPJiaN6HVtzT2HaXo6zsou7aEKac1AHTIAm49BgGQxhZqBnHuMg0S4mIafzhinopDcpSiTbcD737sF_Gq5A3BM8oqN20mY3Y8n724VUbBFH1UfHe5B5BvRjPHONQPALhWZ69JN4IpQDlP_KO0K_7fJOWEnlLAM-Dc/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><em style="box-sizing: border-box;"><br /></em><p></p>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-26179426166222560852024-02-14T04:54:00.000-08:002024-02-16T00:36:18.403-08:00TNR Gold Mariana Lithium NSR Royalty Partner: Ganfeng Lithium and Automotive Giant Changan Plan to Set up JV to Develop Solid-State Batteries<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4tkt4xV03auTVmfJROZIS67e9esBxcIvgmTImA7n_7FIJV7W4rAx2LDIMSW6RqvcmEyZOhgFFbL0SREF-SxSkRbaU2NSpSq3LbE94bWRwDGWXtc6in3C5HQo8k-DI-e36Yvb77oM2O2SLQPT4_pyv2KqMVDhwS7hjk_UmkcR5ag61TipVJuGPoa72s38/s2500/210KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi4tkt4xV03auTVmfJROZIS67e9esBxcIvgmTImA7n_7FIJV7W4rAx2LDIMSW6RqvcmEyZOhgFFbL0SREF-SxSkRbaU2NSpSq3LbE94bWRwDGWXtc6in3C5HQo8k-DI-e36Yvb77oM2O2SLQPT4_pyv2KqMVDhwS7hjk_UmkcR5ag61TipVJuGPoa72s38/w400-h300/210KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a><br /><br /></p><div style="text-align: justify;">Ganfeng Lithium continues to build a Vertically Integrated Lithium Business spanning across the globe. <a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-mariana-lithium-nsr-royalty.html"><b>TNR Gold Mariana Lithium NSR Royalty Partner</b></a> announced that Ganfeng Lithium is teaming up with the automotive giant Changan to build the next generation of Lithium batteries.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz6JPzT-phCcjNZUdfwUrHY1oSstXH7iB8orLIHiTjTwRAA-V4qGc55ZUbCFujj3A4dWYNse46f_jU9fzGVBvCZo-EMDQEqRdvy_9yokWv6CUbOU86mpnk_cAv_XDTsCCouYrU4JTwMUrtXBZkt4OWe6C6ugoObgGQIc1UeqPiEa1n0J-vR3-aP6hyphenhyphenljs/s2500/217KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz6JPzT-phCcjNZUdfwUrHY1oSstXH7iB8orLIHiTjTwRAA-V4qGc55ZUbCFujj3A4dWYNse46f_jU9fzGVBvCZo-EMDQEqRdvy_9yokWv6CUbOU86mpnk_cAv_XDTsCCouYrU4JTwMUrtXBZkt4OWe6C6ugoObgGQIc1UeqPiEa1n0J-vR3-aP6hyphenhyphenljs/w400-h300/217KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"></div><blockquote><div style="text-align: justify;">"Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Ganfeng is also working on solid-state batteries, <a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-mariana-lithium-royalty.html"><b>saying in the minutes of an investor conference released on May 19</b></a> that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said." (<b><span style="font-size: medium;">CnEVPost</span></b>)</div></blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXjK-BSeTluF2Ze_pHiC0OkwBAsYJ3fD6k52npdd0JN-DGeAFsslX6YUruepIPorcDihp6qK8I8oPOu6UgnNeF8-ofo-KSwjvdW5aNDQ0WAJTAsR5see2_6rqVintaxLnDVjDKDekU3RnF4NvUmOgZmHxPYZrPNOrK4GvEUgWTv4PiP5dbj23_XNDP9Kg/s2500/211KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXjK-BSeTluF2Ze_pHiC0OkwBAsYJ3fD6k52npdd0JN-DGeAFsslX6YUruepIPorcDihp6qK8I8oPOu6UgnNeF8-ofo-KSwjvdW5aNDQ0WAJTAsR5see2_6rqVintaxLnDVjDKDekU3RnF4NvUmOgZmHxPYZrPNOrK4GvEUgWTv4PiP5dbj23_XNDP9Kg/w400-h300/211KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Lithium Solid-State Batteries open the new chapter at The End of the ICE Age Chronicles. Ganfeng is elevating its Lithium Solid-State Battery technology to a new level of industrial mass-scale production and <a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-mariana-lithium-royalty.html"><b>building state-of-the-art production facilities in China</b></a>. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUxKxebkL524koEdw7wVBX3p_lpy4ABcKXYJ81PYPBLglShmLLlUJrRVA6zKx_5XtLmdrZcr0uMothahM4pLZ783tpCFKjyFzFQUzW8ORn-1YpDpDJKvDoMq2_lHcW9pHY2PJMk7EzC2q7rqiXUm2VoMyUV6yhYecY9BFsIpi5H8WcTGWpeQEQEllvvvg/s2500/302KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiUxKxebkL524koEdw7wVBX3p_lpy4ABcKXYJ81PYPBLglShmLLlUJrRVA6zKx_5XtLmdrZcr0uMothahM4pLZ783tpCFKjyFzFQUzW8ORn-1YpDpDJKvDoMq2_lHcW9pHY2PJMk7EzC2q7rqiXUm2VoMyUV6yhYecY9BFsIpi5H8WcTGWpeQEQEllvvvg/w400-h300/302KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">This advanced Lithium Battery technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFp6ncoOq9nB_e7TSMn-JYs6nSiqmQE08Ls54s6MylS4ZtpZEKzhF1Akg_4e0HFKTlyKdHuP2VUzQrSHm6EIQejHyu2eF0aenaAMwrZ3I_EZDWDOUaV3bZjtEdI-ch-8H2cfkOS0p20ioWrqLqrsHuw1YFkm4wvVgPTXwEvAlqFkx0fmszBvtDjjj6XPw/s2500/28KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiFp6ncoOq9nB_e7TSMn-JYs6nSiqmQE08Ls54s6MylS4ZtpZEKzhF1Akg_4e0HFKTlyKdHuP2VUzQrSHm6EIQejHyu2eF0aenaAMwrZ3I_EZDWDOUaV3bZjtEdI-ch-8H2cfkOS0p20ioWrqLqrsHuw1YFkm4wvVgPTXwEvAlqFkx0fmszBvtDjjj6XPw/w400-h300/28KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div><div style="text-align: justify;">For all TNR Gold shareholders, it will be very interesting to note here that <a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-mariana-lithium-royalty.html"><b>Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal</b></a>. Now we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz-PUt5TpfHoOwodUe9hCVQH9XEbsPd-njHXu07mbmahmumafZ6QBBsOPHb5HaaMMXu5xGywNNs_M3uOL86OC0VSYVwPk9NZ3sAhBdihya0XWjp8axmHDJUQowJKFyIy8ZxbhQXynRz-IX8XmjT6tgT4-z9KTbK6kGtWCo9g18vJa2izO2170GCn80kXI/s2500/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgz-PUt5TpfHoOwodUe9hCVQH9XEbsPd-njHXu07mbmahmumafZ6QBBsOPHb5HaaMMXu5xGywNNs_M3uOL86OC0VSYVwPk9NZ3sAhBdihya0XWjp8axmHDJUQowJKFyIy8ZxbhQXynRz-IX8XmjT6tgT4-z9KTbK6kGtWCo9g18vJa2izO2170GCn80kXI/w400-h300/23KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">TNR Gold is plugged into Tesla Energy rEVolution with <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium</b></a>. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie5Z2gyzzlVzS3AfamHTcUKzrpYVhlcFkhRlrUqaC8rZpivkdg-zYnFqSDXAT-Jt4fouoqxhgwoUtauLk_SudrPiX3ypLhSgQ_sRv6d9y5ogwEoRU7opbkic8aEPWiu2nn_NFkqfmFlQLXAyTR9AA5om6PA2QxRx_NVN6KxG8X649_-5WbRHjanpoWifg/s3333/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEie5Z2gyzzlVzS3AfamHTcUKzrpYVhlcFkhRlrUqaC8rZpivkdg-zYnFqSDXAT-Jt4fouoqxhgwoUtauLk_SudrPiX3ypLhSgQ_sRv6d9y5ogwEoRU7opbkic8aEPWiu2nn_NFkqfmFlQLXAyTR9AA5om6PA2QxRx_NVN6KxG8X649_-5WbRHjanpoWifg/w400-h225/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both;"><div class="separator" style="clear: both; text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"></em></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">"<a href="https://kirillklip.blogspot.com/2023/10/building-green-energy-metals-royalty_17.html" style="color: #6699cc; text-decoration: none;"><b>TNR retains a 1.35% NSR royalty on the Mariana Lithium project</b></a>that is being developed by Ganfeng Lithium in Argentina. We also hold a 0.36% NSR royalty on the Los Azules copper project that is being developed by McEwen Mining in Argentina. In addition, TNR holds a 7% net profits royalty on the Batidero I and II properties of the Josemaria project that is being developed by Lundin Mining in Argentina. </em><em style="box-sizing: border-box;">TNR also provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska.</em></p></blockquote><p> </p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTepxbvDmZVRAexY8ZvdQ49NJk3Z2V0xvUWelmeESKNmHl12tCNhyifY_Zs8NVy8EucK6g37YbHS4deJbiHx2st-12ykB8V3NnNevk7f_vS765prFexNQ4kL3Hq0Uu5IaFifKiLk9Ekkejii4pv0g15OM_5q4z7pjfhybrLupbXTYqkSxJQYnoW7Q5F-A/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgTepxbvDmZVRAexY8ZvdQ49NJk3Z2V0xvUWelmeESKNmHl12tCNhyifY_Zs8NVy8EucK6g37YbHS4deJbiHx2st-12ykB8V3NnNevk7f_vS765prFexNQ4kL3Hq0Uu5IaFifKiLk9Ekkejii4pv0g15OM_5q4z7pjfhybrLupbXTYqkSxJQYnoW7Q5F-A/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">In February 2023, LRC valued only a portion of the Company at US $9 million, based on its purchase of the 0.5% NSR royalty involving the Mariana Lithium project in Argentina for US $9 million. LRC’s recent offer of CAD $15 million (approximately US $11 million) for the entire Company was opportunistic and financially inadequate. The duty of the board is to maximize the potential value of our assets and our Company’s valuation for all of our shareholders, and the fair treatment of all shareholders. The special committee will help the board achieve these aims by evaluating opportunities in the most streamlined, efficient manner possible. We are engaging with multiple parties proposing much higher potential valuations for our assets than LRC’s recent proposal, and these are the opportunities that the special committee will focus on first."</em></p></blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;"></em></p></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXLWzf3LH0dLV-wu_LHXectvA3JNirZ7aemGH3MmwxcsCt_mEUbo2LUT3I7g66hNJjxLqUxXil5FUVJIyDoYfdtb7HRF9b0UrUNRC1XIps0uX8Yqsq9eCN1shGSUAU_03iZNcN-yQmN1Sb_TyWlI2qwSD77hWWzTT8omffR0rBNapBwwfnhUiX2CCOrMQ/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjXLWzf3LH0dLV-wu_LHXectvA3JNirZ7aemGH3MmwxcsCt_mEUbo2LUT3I7g66hNJjxLqUxXil5FUVJIyDoYfdtb7HRF9b0UrUNRC1XIps0uX8Yqsq9eCN1shGSUAU_03iZNcN-yQmN1Sb_TyWlI2qwSD77hWWzTT8omffR0rBNapBwwfnhUiX2CCOrMQ/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html"><b>Now TNR Gold is moving fast towards the re-rating of the market valuations for our assets.</b></a> With the first cash flow coming potentially this year from Mariana Lithium the valuation for that asset will be much higher and it will be translated into a higher valuation for all our Company. You can find on the links below the latest reports and videos from Salta, Argentina. Ganfeng Lithium is showing very rapid sustainable progress at the Mariana Lithium Project and moving it into the production stage next year. </span></div><div class="separator" style="clear: both; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrjVW6YkLYE0dQkQ3EFo8JL_k-y7xlqThgFK5OedfEXnzHDxb_ouh46yKagbWTAXndmzSt-xz4ITTvqS3tQbOacrO02QbXouCKqi29Lnb2c5l9Pi23k7HqVc_CuUPyF_s9B-7A4UMjFZtjc-g170hyWiKPYQHTJ5jcVxvTqPBbhnnCmUUECBT8xQdS0LE/s2500/297KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjrjVW6YkLYE0dQkQ3EFo8JL_k-y7xlqThgFK5OedfEXnzHDxb_ouh46yKagbWTAXndmzSt-xz4ITTvqS3tQbOacrO02QbXouCKqi29Lnb2c5l9Pi23k7HqVc_CuUPyF_s9B-7A4UMjFZtjc-g170hyWiKPYQHTJ5jcVxvTqPBbhnnCmUUECBT8xQdS0LE/w400-h300/297KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>For all TNR Gold shareholders</b></a>, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".</blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguPEW-JJMq4GUGGJTyWF6QxvLe-wO576i4lmVyXSkck0IN4iExWJO4AVBJqYSzd3hptXq0AN_M4SZfi4byMJMtRc4Zp6uy3vv1tJFZL1RKAg6l28rxR7iMBcpU52euRk9jB-t9k07QfDL7P37yIOWLoD_7qzDUcYE0hzSlTeyv8tNBSnQY_92mEv9oQaw/s2500/227KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguPEW-JJMq4GUGGJTyWF6QxvLe-wO576i4lmVyXSkck0IN4iExWJO4AVBJqYSzd3hptXq0AN_M4SZfi4byMJMtRc4Zp6uy3vv1tJFZL1RKAg6l28rxR7iMBcpU52euRk9jB-t9k07QfDL7P37yIOWLoD_7qzDUcYE0hzSlTeyv8tNBSnQY_92mEv9oQaw/w400-h300/227KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: start;"></p><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html" style="color: #6699cc; text-decoration: none;"><b>How to spot the next M&A target?</b></a> What if you learn that insiders of major Royalty companies have bought personal stakes in a small but very promising company holding royalties in lithium, copper, gold and silver projects under development by industry leaders like Ganfeng Lithium, Rio Tinto, McEwen Mining and Lundin Mining?"<br /></span></blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh62MS5faAehDvknoGnrQWQaakT-O2upQ-2psID91AouqZDEEwctowrvI5diCpH-YohXn1RsHMB5Gx-iNRlzD7Sbz8-zEzoFIF-yjo8cfDv3GvT9MCJwSYTwHnblaLXajWr6h_GFIuWD76wR7gBRbfyz2VHdGq9JamMtg601Xni4S0cB3Jxj5Wh8agYySI/s2500/2KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh62MS5faAehDvknoGnrQWQaakT-O2upQ-2psID91AouqZDEEwctowrvI5diCpH-YohXn1RsHMB5Gx-iNRlzD7Sbz8-zEzoFIF-yjo8cfDv3GvT9MCJwSYTwHnblaLXajWr6h_GFIuWD76wR7gBRbfyz2VHdGq9JamMtg601Xni4S0cB3Jxj5Wh8agYySI/w400-h300/2KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333;"><h3 class="post-title entry-title" itemprop="name" style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative; text-align: center;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ-mhMxpNOw-r901r4j5jQkzc3tYXI8uJyOMonK37y__kTmNtbE331DPrBWEYgluxmIWcl3O7065eOt-VgZMKOb5gVGE5Ms12XRPHWTzQ5zYF-f4vChU16bB-QKxOwNb3zHfTUTQTJvQZhu4MTvhnYkA4s6QGBWcQ9X9ZT_7r0sU0vDZMV5ggPHUe82Uc/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQ-mhMxpNOw-r901r4j5jQkzc3tYXI8uJyOMonK37y__kTmNtbE331DPrBWEYgluxmIWcl3O7065eOt-VgZMKOb5gVGE5Ms12XRPHWTzQ5zYF-f4vChU16bB-QKxOwNb3zHfTUTQTJvQZhu4MTvhnYkA4s6QGBWcQ9X9ZT_7r0sU0vDZMV5ggPHUe82Uc/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div></div></div><div style="text-align: justify;">We are building <a href="https://kirillklip.blogspot.com/2023/11/powered-by-gold-and-tesla-energy.html"><b>The Green Energy Royalty and Gold Company</b></a> and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioOIipoBzv7NbgI2VSfVpFVyXnpQokaggjX6q9YFWB0XTMub-CG8yOy_Hjd4cPLl6ZQTrEoYXLPPGQaz8XXOPOPOfxzSJjlMlSXra3Du3rsPDaOKSe7CqljlYV2IwrK-erGAPOcuEvStjW-hBNlldicadUdSpYfZuiAwGtg26GEuHlWTK48HoHgYn_EVg/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEioOIipoBzv7NbgI2VSfVpFVyXnpQokaggjX6q9YFWB0XTMub-CG8yOy_Hjd4cPLl6ZQTrEoYXLPPGQaz8XXOPOPOfxzSJjlMlSXra3Du3rsPDaOKSe7CqljlYV2IwrK-erGAPOcuEvStjW-hBNlldicadUdSpYfZuiAwGtg26GEuHlWTK48HoHgYn_EVg/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">On my blog following the links below, you can find more information about <a href="https://tnrgoldcorp.com"><b>TNR Gold Corp.</b></a> and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. <a href="https://tnrgoldcorp.com/"><b>Join rEVolution</b></a>!</div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLUTE2Zd4ntQutLyYxsnge6lorHszcz4UbGYRxncS5feC3RzuI548WGS8UJWeCzvuyPaTbpA0dXeFwTT2FypAyMyTDFLBLEyE0L-8xRxj6sDV7cnU8QMfi68FLw4cidKM0aXd0X_PYR1fUJh745KdjI-H3sK5MKvXlSIkVMtC6Yc-E0HsN0Evg01FCnaE/s2500/7KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiLUTE2Zd4ntQutLyYxsnge6lorHszcz4UbGYRxncS5feC3RzuI548WGS8UJWeCzvuyPaTbpA0dXeFwTT2FypAyMyTDFLBLEyE0L-8xRxj6sDV7cnU8QMfi68FLw4cidKM0aXd0X_PYR1fUJh745KdjI-H3sK5MKvXlSIkVMtC6Yc-E0HsN0Evg01FCnaE/w400-h300/7KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><p><b><span style="font-size: medium;">CnEVPost:</span></b></p><br /><a href="https://cnevpost.com/2023/12/26/changan-ganfeng-plan-jv-solid-state-batteries/"><b><span style="font-size: large;">Changan, Ganfeng plan to set up JV to develop solid-state batteries</span></b></a><br /><br /><b><span style="font-size: medium;">Phate Zhang </span></b><br /><br />Changan and Ganfeng will set up a joint venture based on equal shareholding to accelerate solid-state battery development and manufacturing.<br /><br />Automotive giant Changan Automobile is teaming up with Ganfeng Lithium -- the world's largest lithium producer by market capitalization -- to build next-generation batteries.<br /><br />Changan and Ganfeng signed a memorandum of cooperation in Ningbo, Zhejiang province, on December 22 to establish a long-term strategic partnership, according to a stock exchange announcement by the carmaker yesterday.<br /><br />The two sides will establish a joint venture company based on equal shareholdings to accelerate solid-state battery research, development and manufacturing, according to the announcement.<br /><br />Based on cooperation in next-generation solid-state battery technology, Changan and Ganfeng will also explore cooperation in areas including lithium mining resources, lithium processing, battery materials, and recycling of used batteries, the announcement said.<br /><br />The partnership is part of Changan's Shangri-La program released in 2017 to accelerate its new energy vehicle (NEV) transformation, the automaker said.<br /><br />The two will work together to build an internationally competitive solid-state battery research, development and manufacturing base to promote faster industrialization of solid-state battery technology, Ganfeng chairman Li Liangbin said, according to a Changan press release.<br /><br />The next-generation solid-state battery technology mentioned in the announcement may first be installed in models from Changan's NEV unit Deepal, local media Yicai said in a report yesterday, citing an insider.<br /><br />In Changan's research and development system, the division related to battery development was first at Changan New Energy, which was later renamed Deepal, Yicai's report noted.<br /><br />In addition to Deepal, Changan's sub-brands focused on the NEV sector include Avatr, Nevo (or Qiyuan).<br /><br />Changan New Energy began developing its own battery cells in 2022. On November 2 this year, Deepal saw the first 4C fast-charging battery cell Pre-A prototype roll off the production line.<br /><br />CATL Changan, a joint venture between Deepal, Changan and CATL, saw its first battery cell roll off the production line on November 24.<br /><br />Changan is betting big on battery R&D, announcing on November 17, the first day of the Guangzhou auto show, that it plans to launch eight models of in-house developed battery cells by 2030, including liquid, semi-solid, solid technologies, and that its annual battery production capacity will be no less than 150 GWh.<br /><br />Changan already has more than 1,200 battery R&D staff and the battery team will reach 3,000 by 2024, it announced at the Guangzhou auto show.<br /><br />The carmaker is developing leading-edge solid-state batteries for gradual mass production starting in 2025, with energy densities of 350-500 Wh/kg, Changan said at an investor communication last month, according to minutes of a meeting it released at the Shanghai Stock Exchange.<br /><br />Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.<br /><br />Ganfeng is also working on solid-state batteries, saying in the minutes of an investor conference released on May 19 that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.<br /><br />Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said."</div><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwrG6EgOb3oC06ECBreLWWFjdVhy9aXbxHOLcU3TilGUO6I1Ikgz2kvYEoVxXVuzMhuauc8OhBaoNoC3yIy0COr9YO0OCsmcHYZGwqoG8IIs-4rMI4VBqwdTelI16v12JaLrH3sS0dya1Bgemkqi-iqaIZ3149AvAnW9crheiUf4i0W89rfiJHo6kyifw/s2500/303KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwrG6EgOb3oC06ECBreLWWFjdVhy9aXbxHOLcU3TilGUO6I1Ikgz2kvYEoVxXVuzMhuauc8OhBaoNoC3yIy0COr9YO0OCsmcHYZGwqoG8IIs-4rMI4VBqwdTelI16v12JaLrH3sS0dya1Bgemkqi-iqaIZ3149AvAnW9crheiUf4i0W89rfiJHo6kyifw/w400-h300/303KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202024.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-42225596797693770832024-02-04T00:55:00.000-08:002024-02-04T04:01:56.821-08:00Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold<div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3DXW-gmjmSc4ujXSEXHlNMaXyVAjVrgSWCdpzsoqmHDlEMx8Suem042GDfcLBIKx_vjBIYIJ5BATCXXm23j02FtggPkAJXNBE9OKFF8CRdX9tIXHt_kZg7ZQZIYV2hMNVfmhGtlVkShf0q7h7EEYfBbpZoNiteUoq2-6lZ32tQ-QfZuMFdMZ77cetnEE/s2500/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3DXW-gmjmSc4ujXSEXHlNMaXyVAjVrgSWCdpzsoqmHDlEMx8Suem042GDfcLBIKx_vjBIYIJ5BATCXXm23j02FtggPkAJXNBE9OKFF8CRdX9tIXHt_kZg7ZQZIYV2hMNVfmhGtlVkShf0q7h7EEYfBbpZoNiteUoq2-6lZ32tQ-QfZuMFdMZ77cetnEE/w400-h300/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><b><br /></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><b><br /></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><b>Guest post:</b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; text-align: justify;"><b><span style="font-size: large;">Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold</span></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><b style="color: #6699cc;"><a href="https://www.linkedin.com/in/konstantin-klip-bb98b887/" style="color: #6699cc; text-decoration: none;">Konstantin Klip</a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ2nGUm2VxXrWq5Uk-OUGKx9YsjUPK9MNMX_WyUCH5Jty_SHRcfKT3EyYJT2ixS244O8jCXDA-Soh0KpNPxW7Ex3UbzOPtlZQIkkKkl2Jg7heBR3pJ67vgyGorxMKGwjh4f2Bfy69isbDZ4zjkoYCmkosrWYSzMeRFe1ORHbU9aRfXZhgbrRDbCuQ0Wps/s2500/42Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJ2nGUm2VxXrWq5Uk-OUGKx9YsjUPK9MNMX_WyUCH5Jty_SHRcfKT3EyYJT2ixS244O8jCXDA-Soh0KpNPxW7Ex3UbzOPtlZQIkkKkl2Jg7heBR3pJ67vgyGorxMKGwjh4f2Bfy69isbDZ4zjkoYCmkosrWYSzMeRFe1ORHbU9aRfXZhgbrRDbCuQ0Wps/w400-h300/42Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><br /><div style="text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2022/10/tnr-shotgun-gold-pitch-for-elevation-to.html">We were talking here about the 20-year top for the US Dollar.</a> </b>Now will be a perfect time to revisit the big picture for the US Dollar, Gold and Silver.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyD0RtzStC5z8kjpWnz9_FfVqSSZC0piqVZy71UI91HRqx7zAmGsotIVheNIDbhFObiAosGuww5-A7HmAKesPRNUKbwiwgKlKrW5Z_Rjg3cdFqVuGcW1riL9zVXZWtilZabY3hiq57N6mw4YcZanlOBHMnmAsia59K2lienigS90Ma9LB7K0nEpHUxDoM/s2500/41Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyD0RtzStC5z8kjpWnz9_FfVqSSZC0piqVZy71UI91HRqx7zAmGsotIVheNIDbhFObiAosGuww5-A7HmAKesPRNUKbwiwgKlKrW5Z_Rjg3cdFqVuGcW1riL9zVXZWtilZabY3hiq57N6mw4YcZanlOBHMnmAsia59K2lienigS90Ma9LB7K0nEpHUxDoM/w400-h300/41Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">FOMO is driving everything in the markets these days. We are getting closer by the day to this ignition stage for Gold and Silver now. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4pIV3he_57F6OQjH7tTHwKPIGxb0U0tjcm36jCMTewQJsnI1aKMbGVprqyyw_ukG8OnXA8lU06-zxnvkac_2oXb9ufNubif2HfdGBcu9SOCpoQE7sPm83hk0WHaMQS5CxS7360Et5RgCS9NNhjFtpTfD5vM34zUNTg3HUpd4BMborRL-cP_Ox57azkTI/s2500/46Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4pIV3he_57F6OQjH7tTHwKPIGxb0U0tjcm36jCMTewQJsnI1aKMbGVprqyyw_ukG8OnXA8lU06-zxnvkac_2oXb9ufNubif2HfdGBcu9SOCpoQE7sPm83hk0WHaMQS5CxS7360Et5RgCS9NNhjFtpTfD5vM34zUNTg3HUpd4BMborRL-cP_Ox57azkTI/w400-h300/46Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><blockquote>"<b><a href="http://kirillklip.blogspot.com/2022/07/us-dollar-20-year-top-will-drive.html">US Dollar was going parabolic making high after high this year</a>.</b> FED missed the coming Inflation Shock after printing trillions of dollars, was well behind the curve and turned hawkish breaking all markets and bursting all bubbles simultaneously."</blockquote><p> </p></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb9QQc_52_vVye0saqCQPJachmAS46UFxob1R9ORo50QZIf0JLV4QD1-oWJxvgHxxQaZMRZLA9ZNxQUsdYWQvu-zIlrGZyEIt1jZNGLXlkpqVxFWl7d-ziggcgRB1YYO4aLD_iNWutjDAtIwZ6PrVYrQ17KV1alnmsyXgDsQdhhopMGFgTfH8i0AyzQ9k/s2500/66Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgb9QQc_52_vVye0saqCQPJachmAS46UFxob1R9ORo50QZIf0JLV4QD1-oWJxvgHxxQaZMRZLA9ZNxQUsdYWQvu-zIlrGZyEIt1jZNGLXlkpqVxFWl7d-ziggcgRB1YYO4aLD_iNWutjDAtIwZ6PrVYrQ17KV1alnmsyXgDsQdhhopMGFgTfH8i0AyzQ9k/w400-h300/66Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><blockquote>"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html"><b>The brutal sell-off in the markets has confirmed an almost 100% correlation</b></a> between Bitcoin, Tech Stocks and even S&P while the correlation between Gold and Bitcoin happens to be now nearly zero. Gold is The Ultimate Hedge."</blockquote></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiauYhu7blQTLuDfXyVDyD1zzr9MKHz7D0b_trZG4zsVzvNwQm2sdb3dekqOJuZZdzJdMuHcZq_tzHiOt7lYhXzoqd6aXF5LrCICWRsN7TsnBoiu-Wv4ixYUt0AsAMaHD8rl3nazhDdwMx8rZVbmR73X8BilHGamTeMBKBb0BqplK3tOnhWZ4aLadP5sAs/s2500/68Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiauYhu7blQTLuDfXyVDyD1zzr9MKHz7D0b_trZG4zsVzvNwQm2sdb3dekqOJuZZdzJdMuHcZq_tzHiOt7lYhXzoqd6aXF5LrCICWRsN7TsnBoiu-Wv4ixYUt0AsAMaHD8rl3nazhDdwMx8rZVbmR73X8BilHGamTeMBKBb0BqplK3tOnhWZ4aLadP5sAs/w400-h300/68Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Gold becomes The Ultimate Hedge for all portfolios constructed with equities, bonds and crypto-assets. Incrementum provided us with a very interesting reminder about FED, Gold and rate hikes by Greenspan.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha59GyD8jYc8E8XskbDFg3w1YsVD8Pu7NU32H08qs0fwFYLmhOEsEQ2mdRIZoLByRykpbkE2C9L0CPgG_j3Y-OD1zwFJLcLAKw_PAnyMYehKtgKWPEeKh95JG6RDA3pHsy17_-ssryZ8uYyvVjTZTEjWxxTzoYwYGBjK7uZGb_rdhSrgaV9JAakpAa_WQ/s2500/26Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEha59GyD8jYc8E8XskbDFg3w1YsVD8Pu7NU32H08qs0fwFYLmhOEsEQ2mdRIZoLByRykpbkE2C9L0CPgG_j3Y-OD1zwFJLcLAKw_PAnyMYehKtgKWPEeKh95JG6RDA3pHsy17_-ssryZ8uYyvVjTZTEjWxxTzoYwYGBjK7uZGb_rdhSrgaV9JAakpAa_WQ/w400-h300/26Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">A lot of very smart people will be surprised to find out that "Gold bottomed soon after Greenspan's 1st hike in 1999 - 1st rate hike on 30th of June 30, 1999, and low of Gold for the Cycle on 20th of July, 1999".</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhagYpPnikfFCeA7yej6LBe3kYWqUv2XE7NIY3G7ZWXotNz7Z39eNjJDgEsOznNVECC6d6G7UysFrXPCR1dfd2bVy2Tc78oC3As22Fsi0PHeweyhTKluDj9AH1cCQC58diPkMF8TbysBjRsemoNQb-sOHRbiEaB7_lceeNCjoQJViJ06ejS9dMYKEWnZfI/s2500/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhagYpPnikfFCeA7yej6LBe3kYWqUv2XE7NIY3G7ZWXotNz7Z39eNjJDgEsOznNVECC6d6G7UysFrXPCR1dfd2bVy2Tc78oC3As22Fsi0PHeweyhTKluDj9AH1cCQC58diPkMF8TbysBjRsemoNQb-sOHRbiEaB7_lceeNCjoQJViJ06ejS9dMYKEWnZfI/w400-h300/8Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Gold surged past the Pandemic's record, <a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html"><b>Gold made a new all-time high at $2,080</b></a> and finished 2023 with the highest monthly close in history at $2,063. <a href="https://kirillklip.blogspot.com/2023/12/gold-made-new-all-time-high-at-2072-day.html"><b>The previous all-time high at $2,072 was made by Gold on December 1, 2023.</b></a> </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXQK5Dg1kz8-sjGfqwj2zoU9q9A13S9Rlv7C12xE6MOVmxK0Digvf-kNNgOXuFe6CjYVk3JL1Dh1aNJ5Ppmox75aMx9qtRrj3F_N2FPi0IkBMHeZBwnVBXFPb2o61YbjqNpFi52X20b2BORKeCQZ6kA7TB97OV4DNQQajFUo9IGFkQ0cOaia9_SurZwJE/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXQK5Dg1kz8-sjGfqwj2zoU9q9A13S9Rlv7C12xE6MOVmxK0Digvf-kNNgOXuFe6CjYVk3JL1Dh1aNJ5Ppmox75aMx9qtRrj3F_N2FPi0IkBMHeZBwnVBXFPb2o61YbjqNpFi52X20b2BORKeCQZ6kA7TB97OV4DNQQajFUo9IGFkQ0cOaia9_SurZwJE/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1XUC_fFEseznumwCXkorZR-SjcauwX9s8deS1rkxb4JTJAEYyGSAMduAy3zbRcIW48ewv9EJlx6quwfLxwy8fszqVAD0NMiffNh7tJ_yggqz6YG4nd06s9sWWuCsypRo7z8lF6aYuA759ZPuHOpnH0xmNdDS5ilT0b8NvJfappqixvkc5XnobT29HSR8/s2500/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1XUC_fFEseznumwCXkorZR-SjcauwX9s8deS1rkxb4JTJAEYyGSAMduAy3zbRcIW48ewv9EJlx6quwfLxwy8fszqVAD0NMiffNh7tJ_yggqz6YG4nd06s9sWWuCsypRo7z8lF6aYuA759ZPuHOpnH0xmNdDS5ilT0b8NvJfappqixvkc5XnobT29HSR8/w400-h300/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;"><blockquote>"<a href="https://kirillklip.blogspot.com/2024/01/gold-made-new-all-time-high-at-2080.html"><b>Now we have the generational breakout in the making.</b></a> Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. Next is a climb to $2,500, $5,000 and over $10,000. Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards $10,000 - $15,000 range per ounce." </blockquote><p> </p></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOev4J2X61JE8aJq3UTWJ6Rt9epVLPivqn5jQGGeEdyeVRMQSPCQJcqmp95LNib9-499wUaTT2gyDjbCCalm1klShoQp-LA220kaikBwyWIVqRDmvtqkgCrhseqS-pO66t4W2DHdyAsyuVLJrDl_yVgsWGbWhBvVn1GtP1lt_A8-9PncmX2etgeQaaHFs/s2500/9Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOev4J2X61JE8aJq3UTWJ6Rt9epVLPivqn5jQGGeEdyeVRMQSPCQJcqmp95LNib9-499wUaTT2gyDjbCCalm1klShoQp-LA220kaikBwyWIVqRDmvtqkgCrhseqS-pO66t4W2DHdyAsyuVLJrDl_yVgsWGbWhBvVn1GtP1lt_A8-9PncmX2etgeQaaHFs/w400-h300/9Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Otavio Costa provides us with his big-picture view of Gold. As usual, even a very small percentage of funds flowing from equities and crypto can start the real fireworks in the Gold market.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgX6fMEAiM_kzoffDmmH6fckbh7HbgH0sqUYQ0h5YgKHbVvJ8SZqCNUI3iqp2Buzg_3W7hOgM-ZxwiCqEMwlXLWH26UP3zN2Pxd6zPmGBtKnyVVeH5ER_iwmBMaD5R2OV2mNbXy3Whm6zorQPlCGkPmmjagBDPS4SejfZgV3jPLr3ecaQpj8PsBMtHSG_0/s2500/49Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgX6fMEAiM_kzoffDmmH6fckbh7HbgH0sqUYQ0h5YgKHbVvJ8SZqCNUI3iqp2Buzg_3W7hOgM-ZxwiCqEMwlXLWH26UP3zN2Pxd6zPmGBtKnyVVeH5ER_iwmBMaD5R2OV2mNbXy3Whm6zorQPlCGkPmmjagBDPS4SejfZgV3jPLr3ecaQpj8PsBMtHSG_0/w400-h300/49Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Patrick Karim is painting with his beautiful charts the wonderful picture of the magnitude of these fireworks and potential targets for this Next Leg Up of the Mega Gold Bull Market. Gold and Silver miners are very cheap.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2KaJnL37Q0_lMx-2nksl4zzL1_jlXHEN3s7On-f5pAYE3V0bAcRYlAloJCXMRqC3dSMCM6UI-PFEc9txEwgccgM_FOyGJOcd-Jlsha6hYHzGEgOgONLp9uWjGDx4LLl0LDHofP5YPGaad4UxEyyxTv5iLRB8ZtGXRVi39Oa4clwThKAE8HuQ0Fn4BryQ/s2500/72Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2KaJnL37Q0_lMx-2nksl4zzL1_jlXHEN3s7On-f5pAYE3V0bAcRYlAloJCXMRqC3dSMCM6UI-PFEc9txEwgccgM_FOyGJOcd-Jlsha6hYHzGEgOgONLp9uWjGDx4LLl0LDHofP5YPGaad4UxEyyxTv5iLRB8ZtGXRVi39Oa4clwThKAE8HuQ0Fn4BryQ/w400-h300/72Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;">We are getting closer to <b><a href="https://kirillklip.blogspot.com/2023/03/gold-hits-2010-will-central-banks-fomo.html">The Next Catalyst for Gold</a>.</b> The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEseQ1nK4wlBdOLuZwpLl4r4p2W8GbuXGf3smXf4TsNHbBCSAnGF4lhjGHl-0mmRpQ7X-_AtrCDEzKW-DJCR5MqOiVrpHz-GxKQy12117JE1pR6MERZZ8FV1Exrjq7KunPsK3zbKVBJ0A3bZjDADQIAsc3eXXkUi0XmPt2vhcjT7ojsACnHTztvRW8rJY/s1052/Gold%20face%209.08.2020.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEseQ1nK4wlBdOLuZwpLl4r4p2W8GbuXGf3smXf4TsNHbBCSAnGF4lhjGHl-0mmRpQ7X-_AtrCDEzKW-DJCR5MqOiVrpHz-GxKQy12117JE1pR6MERZZ8FV1Exrjq7KunPsK3zbKVBJ0A3bZjDADQIAsc3eXXkUi0XmPt2vhcjT7ojsACnHTztvRW8rJY/w400-h400/Gold%20face%209.08.2020.jpg" width="400" /></a></div><div><br /></div><br /><div style="text-align: center;"><b><span style="font-size: large;"><a href="http://kirillklip.blogspot.com/2022/06/tnr-gold-in-alaskan-elephant-country.html">There is no Gold 2.0 - there are over 5,000 years of history of Gold and humankind.</a></span></b></div><div style="text-align: center;"><b><br /></b></div><div style="text-align: center;"><b><br /></b></div><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh701Mzs5ePUkSndHVQPzYW3su5NV5a6NxrUhY1ERTP3_O7EiQXFrAeqObB-7svk3gpj7dKSo0QSa4aZ8GHrtzIUNfg6AN-T45bd8m2JDmKECDZVxqv9beA-rtQPgiw1M_5CwgKjNiSyru7ApEsRoK-YvnS_bliQfiCMGTc1ZCoRZxZREz_Mu6-R3y6tRE/s2500/12Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh701Mzs5ePUkSndHVQPzYW3su5NV5a6NxrUhY1ERTP3_O7EiQXFrAeqObB-7svk3gpj7dKSo0QSa4aZ8GHrtzIUNfg6AN-T45bd8m2JDmKECDZVxqv9beA-rtQPgiw1M_5CwgKjNiSyru7ApEsRoK-YvnS_bliQfiCMGTc1ZCoRZxZREz_Mu6-R3y6tRE/w400-h300/12Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;">Gold mining stocks are ready to follow the Gold breakout after its Golden Cross and to drive their owners into the future climbing up over a huge wall of worry.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWjxZtEsRIiacoDRO9-yt5aGGpozHMqBoV0Pp8ozKAz1JD09zq6g5XfFogu2JZPHDJwoJd7tA7DaqrGfqAyNPxd4YXxPPGfslYVUF_lhhAiW3B2QnuTs03ytAcQ10Zsa7UGEy7t7MgQpGQsx-ms7e8pjQ7VLghWDDYhzylaIuUecM3H2soeAbShQ3xaMQ/s2500/73Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWjxZtEsRIiacoDRO9-yt5aGGpozHMqBoV0Pp8ozKAz1JD09zq6g5XfFogu2JZPHDJwoJd7tA7DaqrGfqAyNPxd4YXxPPGfslYVUF_lhhAiW3B2QnuTs03ytAcQ10Zsa7UGEy7t7MgQpGQsx-ms7e8pjQ7VLghWDDYhzylaIuUecM3H2soeAbShQ3xaMQ/w400-h300/73Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: justify;">Gold and silver miners have been hitting another major oversold condition in the marketplace and explorers are extremely undervalued. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories.</div></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl8ETN_Mk0TYt3V-kZaRUCdS9ArI0JqS5INLVRTzIsHjDdj_7keKCT18R_f052iGrTTUE9Fiftf1hmvfei_6SOmSUDHujPOTmbsSXPjobhuDgi3Nyrnka-RlthSwFO4LN7Bs8rxlC3AIsy0o0cuiwklE0IFjk7JXHPlgOemqrd0uiRem4VDH2mk2a-NAU/s2500/75Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhl8ETN_Mk0TYt3V-kZaRUCdS9ArI0JqS5INLVRTzIsHjDdj_7keKCT18R_f052iGrTTUE9Fiftf1hmvfei_6SOmSUDHujPOTmbsSXPjobhuDgi3Nyrnka-RlthSwFO4LN7Bs8rxlC3AIsy0o0cuiwklE0IFjk7JXHPlgOemqrd0uiRem4VDH2mk2a-NAU/w400-h300/75Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div>Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.<div><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIPcgDNgmo5FgIfk7607vMsImww4iP6YLOlWhFvwEK67mmIcKygNdNvh-9nRKr1snCoZ1pfkNeYcdwWmg1Ph8oYV7UAvqaubXamHAc4Io6fU6Yiv_E9-jkXqB_nbkJenCs5fXAuUQkxC8xR9hmFXrQ7xPsJzlxsOfLHkU3aT0pawSzfkQesQ5vRLmdUe4/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIPcgDNgmo5FgIfk7607vMsImww4iP6YLOlWhFvwEK67mmIcKygNdNvh-9nRKr1snCoZ1pfkNeYcdwWmg1Ph8oYV7UAvqaubXamHAc4Io6fU6Yiv_E9-jkXqB_nbkJenCs5fXAuUQkxC8xR9hmFXrQ7xPsJzlxsOfLHkU3aT0pawSzfkQesQ5vRLmdUe4/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><blockquote>"<b><span style="font-size: medium;">High gold price reflects strong demand</span></b></blockquote><blockquote><div style="text-align: justify;">Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.</div></blockquote><div><blockquote><div style="text-align: justify;">Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (<b>World Gold Council, 31 January 2024)</b></div><br /><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6EkHykl1ckgsoXFDE_k01GvinW6kK-HWSEQpOS1RiTYvEMqrrDfBMMIiA6tLQhJEz2_F3vtF-IF40qR_78Y0HOk12afqTs9Nx1aUKM9n1wtcy7Yv8Vv4jinXFq7ztr_leOSWhK5euiOKoEyqycFlDMpwm7E_yq2T8q-GBN65pAOjXiVJUE2GOAqRftUU/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"></a></div></div></blockquote><div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6EkHykl1ckgsoXFDE_k01GvinW6kK-HWSEQpOS1RiTYvEMqrrDfBMMIiA6tLQhJEz2_F3vtF-IF40qR_78Y0HOk12afqTs9Nx1aUKM9n1wtcy7Yv8Vv4jinXFq7ztr_leOSWhK5euiOKoEyqycFlDMpwm7E_yq2T8q-GBN65pAOjXiVJUE2GOAqRftUU/s2500/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh6EkHykl1ckgsoXFDE_k01GvinW6kK-HWSEQpOS1RiTYvEMqrrDfBMMIiA6tLQhJEz2_F3vtF-IF40qR_78Y0HOk12afqTs9Nx1aUKM9n1wtcy7Yv8Vv4jinXFq7ztr_leOSWhK5euiOKoEyqycFlDMpwm7E_yq2T8q-GBN65pAOjXiVJUE2GOAqRftUU/w400-h300/131Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div><br /></div><div style="text-align: center;">China continues to accumulate Gold and reported a jump in reserves.</div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjC1tid-aMtKBKUuqkTiwJdrTeOnlVdxOLEJl-C-JltrugdK1qGEjtN1CMWex79ypHJdELK-NqcEGcvt4IkdUaVlQIfLB-9Au6UkdPQ7GWDwwEl5Y8NLoeIKb-ZNSgiJyh451PR_PkdKfFEjsZgjwhQvA8-L3zA06nIYyEcbFTy8nlrKmAkiYwNbMYchpE/s2500/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjC1tid-aMtKBKUuqkTiwJdrTeOnlVdxOLEJl-C-JltrugdK1qGEjtN1CMWex79ypHJdELK-NqcEGcvt4IkdUaVlQIfLB-9Au6UkdPQ7GWDwwEl5Y8NLoeIKb-ZNSgiJyh451PR_PkdKfFEjsZgjwhQvA8-L3zA06nIYyEcbFTy8nlrKmAkiYwNbMYchpE/w400-h300/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Do not miss the wake-up call when Gold will be hitting the next all-time high coming out of this very powerful long-term Cup-and-Handle formation.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4qCJL0xRhgrUXzhciYFteptbhBPIKlfg5CFrXWfAtFDBmgGTybNpdGdThbc7-nCspkfrxG8zbyGdXpE40vvoZgLPCheqm3n1TDWqopRnETcbo77Yk492AK6tvCVMHFA0IXqskMpN5fAwkr2RA_cdCg-47Jw3wvnc-1c4Ki9GDm3GJBKAy7oJf4zeWLgE/s2500/48Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj4qCJL0xRhgrUXzhciYFteptbhBPIKlfg5CFrXWfAtFDBmgGTybNpdGdThbc7-nCspkfrxG8zbyGdXpE40vvoZgLPCheqm3n1TDWqopRnETcbo77Yk492AK6tvCVMHFA0IXqskMpN5fAwkr2RA_cdCg-47Jw3wvnc-1c4Ki9GDm3GJBKAy7oJf4zeWLgE/w400-h300/48Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div><br /></div><div style="text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html"><b>TNR Gold shareholder NovaGold</b></a> is putting the Peak Gold situation into perspective after reporting another set of great exploration results at the Donlin Gold Project in Alaska.</div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwIGXJC70FV7VoBceagRJAKPav6TZannN9Uro19gZCPhPVeXJo7s1WbYm0991o-VubzuiLAxKX5UbClChakgiMv5e6TnyTG-HVKwqf8kaUz2pHmI0EoU7ThX7b1DdWcxEiq5nzq6k2HfU-dT4jYD6eu4mYbUUU2sTaRGUQHhu-aMmFAZ1Rq_gShRNcZ20/s2500/76Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhwIGXJC70FV7VoBceagRJAKPav6TZannN9Uro19gZCPhPVeXJo7s1WbYm0991o-VubzuiLAxKX5UbClChakgiMv5e6TnyTG-HVKwqf8kaUz2pHmI0EoU7ThX7b1DdWcxEiq5nzq6k2HfU-dT4jYD6eu4mYbUUU2sTaRGUQHhu-aMmFAZ1Rq_gShRNcZ20/w400-h300/76Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div><br /></div><div style="text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/01/tnr-gold-in-alaskan-elephant-country_24.html"><b>Barrick Gold CEO has been talking about "unlocking the tremendous potential of Donlin Gold"</b></a> and it is time for us to discuss the value proposition of Shotgun Gold. Smart money is accumulating the best Gold Stories to climb over a huge wall of worry following another major leg up for this Gold Bull Market propelled by the debasement of all currencies.</div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbwlZ6ufZ0rqvj7v_-5PL8k-BuUaGUs9l_eTjE0qI9Id76A_a6FtyJiwgm7HZa_RYm5rGfIfsMvvMffD5mYyJpvltSZq0lhHj6SjjM3I_egvX1RxQu_Ep53fnnS_ulTZUC4Yf_hSYDUN35_92_NMJ8pbdjO9hEePXEsw8RuF1N7MO0WEtJG9ftyl_UbGQ/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbwlZ6ufZ0rqvj7v_-5PL8k-BuUaGUs9l_eTjE0qI9Id76A_a6FtyJiwgm7HZa_RYm5rGfIfsMvvMffD5mYyJpvltSZq0lhHj6SjjM3I_egvX1RxQu_Ep53fnnS_ulTZUC4Yf_hSYDUN35_92_NMJ8pbdjO9hEePXEsw8RuF1N7MO0WEtJG9ftyl_UbGQ/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">My belief is <b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.</span><span style="font-family: inherit; font-size: 14.85px;"> </span></div><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><blockquote style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><p style="text-align: justify;"></p></blockquote></blockquote><p style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b>Kirill Klip, Executive Chairman</b></p><p style="text-align: right;"><b>TNR Gold Corp.</b></p></div></blockquote></div><div class="separator" style="clear: both; text-align: justify;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: center;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBD4VaAxKdDN9qZRfU2t5CBlw1t8eSghXIPw25wG6t8a4Vw57zBHhY1jFC6RLRHYTEQCBDvNHj-tIzIYpqLmi0D7XE1mngiVs3-UHLw2oxanhQwPwV2elLjjFFhhZ_V_DgNIs5Wn9jGl-j2leylJ7kpya5jmwjTO4K0lUN74fPWamJsehy0bR2PgUl844/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBD4VaAxKdDN9qZRfU2t5CBlw1t8eSghXIPw25wG6t8a4Vw57zBHhY1jFC6RLRHYTEQCBDvNHj-tIzIYpqLmi0D7XE1mngiVs3-UHLw2oxanhQwPwV2elLjjFFhhZ_V_DgNIs5Wn9jGl-j2leylJ7kpya5jmwjTO4K0lUN74fPWamJsehy0bR2PgUl844/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">Shotgun Gold is a Project located in South West Alaska, USA, in the same regional area as Novagold’s Donlin Gold Project.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWIQ6HGHYg5XhIPCYDBbuKm46Eecihgx4t1SItjjXMtRjTSLOhUxMdrOkBI-9MNE7dyK5NWhA6IwBeT865QF_u2saee4Q1FR5rEHKHcAA4Z64Uh0XHwL7gYjHsD2nFOWdqpHRPz-R3VlbbcWKf0XH89I601MMMRMSWbvwt_cOHvkPM-N_sIhUDx_cMSEQ/s2500/12TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWIQ6HGHYg5XhIPCYDBbuKm46Eecihgx4t1SItjjXMtRjTSLOhUxMdrOkBI-9MNE7dyK5NWhA6IwBeT865QF_u2saee4Q1FR5rEHKHcAA4Z64Uh0XHwL7gYjHsD2nFOWdqpHRPz-R3VlbbcWKf0XH89I601MMMRMSWbvwt_cOHvkPM-N_sIhUDx_cMSEQ/w400-h300/12TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">Lang’s & Baker’s 2001 academic study specifically identifies both projects as "major porphyry granite-related gold deposits" that are related to a widespread magmatic gold mineralising event. Riveting stuff. What it implies in layman’s terms is that both projects arose from the same geological kitchen sink, leading one to the supposition that they should both possess similar favourable geological properties. </span></div><div style="text-align: justify;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpZgn_1XWTUqEmRnjxuLzuYlGG2umtjIMEWyomEUlivMU4dFZeH7pqPtVXVvXKgNZAmTicNok6020nyS7-cni2IFIzX3qbC1g8Wk50ZYt5_Nh84ASEg1uWwNwi3XiYr0QyikLCTrt4ahgxzFeFbSR7olvf0fRCG2s2iiNS6xJFVXaf6kZKRb_k1a0P2qs/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhpZgn_1XWTUqEmRnjxuLzuYlGG2umtjIMEWyomEUlivMU4dFZeH7pqPtVXVvXKgNZAmTicNok6020nyS7-cni2IFIzX3qbC1g8Wk50ZYt5_Nh84ASEg1uWwNwi3XiYr0QyikLCTrt4ahgxzFeFbSR7olvf0fRCG2s2iiNS6xJFVXaf6kZKRb_k1a0P2qs/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">To that effect, Shotgun’s general mineralisation style resembles the neighbouring Donlin Gold project. For instance, Shotgun’s particular intrusion is associated with 69.7Ma magmatism while Donlin Gold holds 70ma magmatism.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0nELOu8sZIDSQlH363xsPbkc-MMfXBA79CYazdtjFctWOFA4BKUeyKvqMd7QXeWFw964MDtyuYOwBlbOAgcIJWmrD3DMerIaTjwza3rMxLkAulyqQ6RMLXt4f7Wmf5h5tig1JvuaqRP7HxPVkDZEQU99a6J9_0mKBs_LwD0F7J_j95g5iu7siyG35fXw/s2500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg0nELOu8sZIDSQlH363xsPbkc-MMfXBA79CYazdtjFctWOFA4BKUeyKvqMd7QXeWFw964MDtyuYOwBlbOAgcIJWmrD3DMerIaTjwza3rMxLkAulyqQ6RMLXt4f7Wmf5h5tig1JvuaqRP7HxPVkDZEQU99a6J9_0mKBs_LwD0F7J_j95g5iu7siyG35fXw/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been identified to possess little-to-no "nugget effect". A high ‘nugget effect’ means high variability between samples that are closely spaced. "No nugget effect" implies tight-fisted uniform mineralisation of a bulk tonnage gold system. There’s no need to dig up empty rock space so the stripping ratio for any potential mine will be low, keeping costs way down.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAdn90EHWAHn8BCgzpdMCS4zxGEd4K2hmCdcFPmjGT93Wehu2Bk48vUQZyjdB6qK_5yV3VEeJLmG8iHSRh-b2ltnQ4rpESwo9YuBXxTxQtWEqJM8u--rnZPfpapYUY18ftsGTt08d4Zc5mKdAlTli5meWf6VdLCdjOvwQdgazY4MQJvJ2kzrjjNEAjDQA/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiAdn90EHWAHn8BCgzpdMCS4zxGEd4K2hmCdcFPmjGT93Wehu2Bk48vUQZyjdB6qK_5yV3VEeJLmG8iHSRh-b2ltnQ4rpESwo9YuBXxTxQtWEqJM8u--rnZPfpapYUY18ftsGTt08d4Zc5mKdAlTli5meWf6VdLCdjOvwQdgazY4MQJvJ2kzrjjNEAjDQA/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">What’s more, when a system’s topographical layout lines up neatly at the top of a ridge-like Shotgun's, it means the extraction of resource systems in similar conditions is very efficient - there is no need to remove layers of empty waste rock by tentatively stripping the ridge. Instead, one decisively takes the top of the hill in its entirety. Shotgun’s targeted bulk tonnage gold system runs from the very surface down to *at least* a depth of 150m (Open). "Open" means exploration to date has not identified the end of the mineralization from the drilling performed so far.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbfhv2ciILVQyon4tZoP661FbyCsqI8MNs1RnR1mGundRQdFxFIvYpcra6N37Y0tCnrTbLw8dY8AyWaTUEQzq6-XMrgCAddrzPLmkxhfwGJeDn7nHeydgSP_at8sZxYGPOm-veefyjQracX5_avJWGhC7pHotQDI955cLIVv0zAQ03GsDTGolxsRkCpjs/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgbfhv2ciILVQyon4tZoP661FbyCsqI8MNs1RnR1mGundRQdFxFIvYpcra6N37Y0tCnrTbLw8dY8AyWaTUEQzq6-XMrgCAddrzPLmkxhfwGJeDn7nHeydgSP_at8sZxYGPOm-veefyjQracX5_avJWGhC7pHotQDI955cLIVv0zAQ03GsDTGolxsRkCpjs/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">For the Shotgun Gold Project, Shotgun Ridge is just one of the multiple gold target areas controlled by TNR Gold. "Shot", "King" and "Winchester" add to the collection to form a distinct district with five (5) separate gold exploration targets identified so far. </span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBQhuyp0C8hdfGoB4r8nsbIkSPWp9DdznfNl1Tiitu746f0rTokMJUq0A48bh1FvcCJ7dW-6fv9pqsf2eT3zmUd4_3Z1NXe6868UIGa1jfWvVWgMc1DZNsA-v9_uMuWuaJEb7wLU4SpbmRrwel48GENHwC8wA895cxAyj5IhcgIGQfeWB54jLzA7Ajpfc/s2500/22TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBQhuyp0C8hdfGoB4r8nsbIkSPWp9DdznfNl1Tiitu746f0rTokMJUq0A48bh1FvcCJ7dW-6fv9pqsf2eT3zmUd4_3Z1NXe6868UIGa1jfWvVWgMc1DZNsA-v9_uMuWuaJEb7wLU4SpbmRrwel48GENHwC8wA895cxAyj5IhcgIGQfeWB54jLzA7Ajpfc/w400-h300/22TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="text-align: justify;"><span style="font-family: inherit;">The Company is actively introducing Shotgun Gold to potential partners to decisively drill the entirety of these prospects. The objective of such a partnership would be to expand the known area of mineralisation, define new mineralised areas and conclusively assess the Project’s potential top-end valuation.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifFVM6w6u4RNHBtxadf183jRCICuh8F2_cWSuD2dNnUiMhxnNlACYTL1bfhbWR_uVJUDKFPr0pSv0H1C8lbUj3ClO5eQJUl7ENHGsvX77JjtMGI54I1Xo-u7F85bccXhgnVpjGfTkHk2Auqi8l_bKPYoWE6cJtwonB5lVVyUxvZwbJ4L1qTPS8spCnIAw/s2500/11TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEifFVM6w6u4RNHBtxadf183jRCICuh8F2_cWSuD2dNnUiMhxnNlACYTL1bfhbWR_uVJUDKFPr0pSv0H1C8lbUj3ClO5eQJUl7ENHGsvX77JjtMGI54I1Xo-u7F85bccXhgnVpjGfTkHk2Auqi8l_bKPYoWE6cJtwonB5lVVyUxvZwbJ4L1qTPS8spCnIAw/w400-h300/11TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;">“<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html">We need to bring US$10mln in to drill the project very strongly</a></b>,” says TNR Gold Executive Chairman Kirill Klip. “The first US$5mln to take the project from the current 700,000-ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; text-align: center;"></div><br class="Apple-interchange-newline" /><div style="text-align: center;"><br /></div></div></div></div><div style="text-align: center;"><div><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitzGtj-P8a0KCoXtGG0JvtfboChjWV0CVbXI1oSKP77kPg2qvM1ECDcxYIL4TWYQx7RUtQ7ylqGwv4hcetANehCss45fkNHSUUfMakOUcgSToMvMp5VrIa37paBNq67WuMaMVMIAHqkWXWfM6L4NFSz1yHcdoipYJXIcGyLX5LTpvuTEZci-RvhEc9jIE/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEitzGtj-P8a0KCoXtGG0JvtfboChjWV0CVbXI1oSKP77kPg2qvM1ECDcxYIL4TWYQx7RUtQ7ylqGwv4hcetANehCss45fkNHSUUfMakOUcgSToMvMp5VrIa37paBNq67WuMaMVMIAHqkWXWfM6L4NFSz1yHcdoipYJXIcGyLX5LTpvuTEZci-RvhEc9jIE/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" width="449" /></a></div><br />Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-67263158019338046582024-02-01T03:25:00.000-08:002024-02-09T10:51:33.505-08:00TNR Gold Los Azules Copper NSR Royalty Holding: "Argentina President Milei's Pro-business Approach Boosts Optimism for Western-backed Copper Projects"<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHizXxZZxcR5nMtBsrJwXTtxAxm1b6rRxmgdoJ9mynaExGwj33EvFLT0yWXjHD2mIg0_fJKHv3bupLCmiv7sn1Xlq1HbjkX2mHAozfSov11LyBj_m-fTzAHZduH06f5zGIIQmA9qJgJdA5jVlYqWO82ERTZUG-4tt0l_dzAg3f2kHoIKbexCOltqiAeF0/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHizXxZZxcR5nMtBsrJwXTtxAxm1b6rRxmgdoJ9mynaExGwj33EvFLT0yWXjHD2mIg0_fJKHv3bupLCmiv7sn1Xlq1HbjkX2mHAozfSov11LyBj_m-fTzAHZduH06f5zGIIQmA9qJgJdA5jVlYqWO82ERTZUG-4tt0l_dzAg3f2kHoIKbexCOltqiAeF0/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p> </p><blockquote style="caret-color: rgb(51, 51, 51); color: #333333;"><div style="text-align: justify;"><span style="font-family: inherit;">“We are buiding <a href="https://tnrgoldcorp.com"><b>The Green Energy Metals Royalty and Gold Company</b></a>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><p style="text-align: center;"></p><div style="text-align: center;"><br /></div><p></p><div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/ph6ehCVeLWyfCb?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-los-azules-copper-nsr-royalty-holding-with-mcewen-mining-presentation-0ca3" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation">TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9LYBGPP6Ia6dwsJb4J4hcH6dSGBcq0M5FVOv7WBTpcKW0dDE4XThhDuNtnO81otM9hMv4nNmzrOByiTxICB-rKbVufveKnYsOHPWpHFYCtteQZSJKlB8RWeH6_-gD_g_V10Im00YpIBhRT7y7UKl45rFtLk9VKUqaPvzJeVc8oOlTuTdR6A1zfHrQuc/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiC9LYBGPP6Ia6dwsJb4J4hcH6dSGBcq0M5FVOv7WBTpcKW0dDE4XThhDuNtnO81otM9hMv4nNmzrOByiTxICB-rKbVufveKnYsOHPWpHFYCtteQZSJKlB8RWeH6_-gD_g_V10Im00YpIBhRT7y7UKl45rFtLk9VKUqaPvzJeVc8oOlTuTdR6A1zfHrQuc/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div></div><div style="margin-bottom: 5px; text-align: justify;"><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-royalty-holding-with-mcewen.html" style="color: #6699cc; text-decoration: none;"><b>We have two great videos from McEwen Mining and Rob McEwen</b></a> to share with you today. <b><a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-nsr-royalty-on-los-azules.html" style="color: #6699cc; text-decoration: none;">TNR Gold shareholders have a new potential valuation reference point</a></b> for the TNR Gold GEM Royalty portfolio. Rob discusses the Gold and Copper markets and gives great details about different Copper projects in Argentina and their valuations." </span></div><div style="text-align: justify;"><br /></div></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyA3vshOQXZppQBE8B436jcElt16UHTdDcjy0hYjyB-roevprsJo0VWqxDG7g9HYZP9vFK21cbWZk3dlz5-CqCWt0Mng8MSsDNIRo_gLLpfpi-_GGJ4wCNlnOVDvrimlh36hY56LDqgutdUwlLDVHkYp9grgNeWk7YfXsj6uYLTjEt1Z_jT-C4LQ4iaHA/s3333/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyA3vshOQXZppQBE8B436jcElt16UHTdDcjy0hYjyB-roevprsJo0VWqxDG7g9HYZP9vFK21cbWZk3dlz5-CqCWt0Mng8MSsDNIRo_gLLpfpi-_GGJ4wCNlnOVDvrimlh36hY56LDqgutdUwlLDVHkYp9grgNeWk7YfXsj6uYLTjEt1Z_jT-C4LQ4iaHA/w400-h225/153TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;">Strong team performance is accelerating the McEwen Copper Los Azules</a></b> program in 2023. The 2023 Los Azules Project PEA results highlight the potential to create very robust leach project, while reducing environmental footprint and greater environmental and social stewardship sets the Project apart from other potential mine developments.</blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3IjQPJ3hiRoC5zveE8XaKuC8djRdq7IQywofRGuc_TjjwQNLp9JdQuaDzYAsoPOf79I1SABQ2Ma0BcJRBpqRM9G9TCFZxng3KVxAsMSYEYHe9wRX4wyvQvORF-nlHJ8OUuY9nypzIGDSYvljXvBGrK6uJVS5si6hiIMjaKccAK-_hetauDMOn34pGzrk/s3333/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh3IjQPJ3hiRoC5zveE8XaKuC8djRdq7IQywofRGuc_TjjwQNLp9JdQuaDzYAsoPOf79I1SABQ2Ma0BcJRBpqRM9G9TCFZxng3KVxAsMSYEYHe9wRX4wyvQvORF-nlHJ8OUuY9nypzIGDSYvljXvBGrK6uJVS5si6hiIMjaKccAK-_hetauDMOn34pGzrk/w400-h225/160TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; margin: 0px 0px 20px; text-align: justify;"><span style="font-family: inherit;">It’s very encouraging to see an updated independent mineral resource estimate that has increased significantly. Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project."</span></p></blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nYjHmHy5-4k" title="YouTube video player" width="560"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div style="text-align: start;"><div style="text-align: justify;"><blockquote><span style="font-family: inherit;"><b><a href="https://kirillklip.blogspot.com/2023/01/tnr-gold-royalty-holding-rob-mcewen.html" style="color: #6699cc; text-decoration: none;">Rob McEwen describes the opportunity to expand the deposit</a></b> and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 60 Moz Gold deposit (68 Moz after new PEA - KK)." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well."</span></blockquote><p style="font-size: 14.85px;"> </p></div><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsQ3Q-4mg9xMQrWufvGWZl0iQ5QXZHZloGYG73IR97fQoipjhnfMcVpuhsoZancvWSwFWjctswJ5407Th-hdWweZT5IJfsBVqfeZOD9LU7hpVkvBpsLbHeE2MqMAQqtwwG2rIKDZG7CLq8yLnrDr3tcZWNzWXXYXvoxgWPEoGCMSqHHAEznfS9HxuDOMs/s3333/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsQ3Q-4mg9xMQrWufvGWZl0iQ5QXZHZloGYG73IR97fQoipjhnfMcVpuhsoZancvWSwFWjctswJ5407Th-hdWweZT5IJfsBVqfeZOD9LU7hpVkvBpsLbHeE2MqMAQqtwwG2rIKDZG7CLq8yLnrDr3tcZWNzWXXYXvoxgWPEoGCMSqHHAEznfS9HxuDOMs/w400-h225/159TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><br /></div><p style="text-align: justify;"><span style="font-family: inherit;">For all TNR Gold shareholders the part at 36" will be particularly interesting. According to Rob: "Osisko went into Ecuador recently and paid USD$50 million for 0.6% NSR Royalty on the deposit which is smaller than Los Azules. So, that will put just a Los Azules NSR Royalty worth maybe USD$100 million." </span></p><p style="font-size: 14.85px; text-align: justify;"><span face="Montserrat, sans-serif" style="background-color: white; font-size: 16px;"></span></p><blockquote style="font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><span style="background-color: white;">"Pursuant to this transaction, McEwen Copper will hold a 100% interest in the </span><strong style="border: 0px; box-sizing: inherit; font-stretch: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Los Azules</strong><span style="background-color: white;"> copper project in San Juan, Argentina, and a 100% interest in the </span><strong style="border: 0px; box-sizing: inherit; font-stretch: inherit; line-height: inherit; margin: 0px; padding: 0px; vertical-align: baseline;">Elder Creek</strong><span style="background-color: white;"> exploration property in Nevada, subject to a 1.25% net smelter return (NSR) royalty on both assets payable to McEwen Mining." McEwen Mining NR July 06, 2021.</span></span></blockquote><p style="font-size: 14.85px;"> </p><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="font-size: 14.85px;"><span face="Montserrat, sans-serif" style="background-color: white; font-size: 16px;"></span></span><p style="font-size: 14.85px;"></p><p style="font-size: 14.85px; text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/UUIbZ1VCWLA" title="YouTube video player" width="560"></iframe></p><p style="font-size: 14.85px; text-align: center;"><br /></p><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; font-family: source_sans_pro_regular, Arial, sans-serif; font-size: 16px; margin-bottom: 15px;"></p><blockquote style="font-size: 14.85px;"><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; margin-bottom: 15px;"><span style="font-family: inherit;">"MONTRÉAL, Nov. 07, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“<strong>Osisko</strong>”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement with SolGold plc (“<strong>SolGold</strong>”) (SOLG: TSX & LSE) with respect to a US$50 million royalty financing (the “<strong>Transaction</strong>”) to support the advancement of SolGold’s Cascabel copper-gold property in northeastern Ecuador.</span></p><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; margin-bottom: 15px;"><span style="font-family: inherit;">As part of the Transaction, Osisko will acquire a 0.6% net smelter return royalty (the “<strong>NSR</strong>”) covering the entire 4,979 hectare Cascabel property, including SolGold’s world-class Alpala project for which SolGold released the results of a pre-feasibility study in April of 2022 (the “<strong>PFS</strong>”)."</span></p></blockquote><p align="justify" style="caret-color: rgb(68, 68, 68); color: #444444; font-family: source_sans_pro_regular, Arial, sans-serif; font-size: 16px; margin-bottom: 15px;"></p><p style="text-align: justify;"><span style="font-family: inherit;">McEwen Mining holds 1.25% NSR Royalty on Los Azules Copper which could be valued at USD $100 million based on the Royalty deal made by Osisko Gold Royalties, according to Rob McEwen. <b><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Holds 0.4% NSR Royalty on the giant Los Azules Copper, Gold and Silver project</a> </b>with McEwen Mining, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder. </span></p><p style="font-size: 14.85px; text-align: justify;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG83LcudevRHZULvxaZnOu3e8PsGBR1VlGJLjQ4i9pNzpHhERKLVHbC2U5WEK8dRTIX9kzBG9VBlAzypBdQTzRG0QZD-DHjXqYElE1HSnYfvNbkTXdJnxPIr7ZA7cKVMbSNMuI29l0H9B8GS5rldchPweE6qPWj8KpEOSLKZQmMPscJSiQhmh3IzPhC40/s3333/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjG83LcudevRHZULvxaZnOu3e8PsGBR1VlGJLjQ4i9pNzpHhERKLVHbC2U5WEK8dRTIX9kzBG9VBlAzypBdQTzRG0QZD-DHjXqYElE1HSnYfvNbkTXdJnxPIr7ZA7cKVMbSNMuI29l0H9B8GS5rldchPweE6qPWj8KpEOSLKZQmMPscJSiQhmh3IzPhC40/w400-h225/152TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><br /></div><p style="text-align: justify;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold's 0.36% NSR Royalty could be valued at USD $30 million</b></a>, based on Rob McEwen's estimations analysing the recent Osisko Gold Royalties deal with SolGold in Ecuador. Below is the Alastair Ford article where you can find more information about TNR Gold and benchmarks for our GEM Royalty portfolio.</span></p><p style="font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></p><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigBkTvsPODieCHO7xLLBrX1BuN4nMDxV-3K2IqDIVxvHs_jjKVv-EFX9mY782qzPKoC86fNv9mH4H7KnCmFCIVNRorkb3cWrOBnWqA8vdp1nylHnKyVREtxSDTn9_V4nBOUPdT707L7C1Gz_5R3s5BTL25A_kCOelYoj76Oq1o0vSofrnN3QareBEu_MQ/s3333/163TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEigBkTvsPODieCHO7xLLBrX1BuN4nMDxV-3K2IqDIVxvHs_jjKVv-EFX9mY782qzPKoC86fNv9mH4H7KnCmFCIVNRorkb3cWrOBnWqA8vdp1nylHnKyVREtxSDTn9_V4nBOUPdT707L7C1Gz_5R3s5BTL25A_kCOelYoj76Oq1o0vSofrnN3QareBEu_MQ/w400-h225/163TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><br /></div><div style="text-align: justify;"><span style="font-family: inherit;">We are building <a href="https://kirillklip.blogspot.com/2023/11/powered-by-gold-and-tesla-energy.html" style="color: #6699cc; text-decoration: none;"><b>The Green Energy Metals Royalty and Gold Company</b>.</a> TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the <b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b> with Ganfeng Lithium, <b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper, Gold and Silver Project</a> </b>with McEwen Mining and <a href="https://kirillklip.blogspot.com/2022/05/the-full-circle-tnr-gold-discusses.html" style="color: #6699cc; text-decoration: none;"><b>Batidero I and II Properties of Josemaria Copper-Gold Project</b></a> with Lundin mining.</span></div><div style="font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;"><br /></span></div><p style="font-size: 14.85px; text-align: center;"><span style="background-color: white;"></span></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-hF_oMy7gErRprBrlefX9SkpuwNrOLj08IEJEFyROQCfoB32ItcAieDLYnrZuD860lZI2BCKqSX7oxiRzfEWQwoj84t0bIW1dpQqjUONunga6e9nq42d9tZU_PM3n_QwvpQmQtSR5UL3fHNPTIRfmd7s31bffYNB7GPIgDq0V2qm_mBUUJaYXIKy_1Q/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhh-hF_oMy7gErRprBrlefX9SkpuwNrOLj08IEJEFyROQCfoB32ItcAieDLYnrZuD860lZI2BCKqSX7oxiRzfEWQwoj84t0bIW1dpQqjUONunga6e9nq42d9tZU_PM3n_QwvpQmQtSR5UL3fHNPTIRfmd7s31bffYNB7GPIgDq0V2qm_mBUUJaYXIKy_1Q/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; text-align: center;"><br /></div><p style="font-size: 14.85px;"></p><div style="text-align: justify;"><span style="font-family: inherit;">On my blog following the links below, you can find more information about <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. <b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-adopts-shareholder-rights-plan.html" style="color: #6699cc; text-decoration: none;">Join rEVolution</a>!</b></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div><div style="text-align: justify;"><span style="font-family: inherit;"><b><br /></b></span></div><div style="text-align: center;"><span style="font-family: inherit;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvyLQTYGioSP7Sw9OyGyu9LALE_JcIlavJgm77WOoKK0IL7paCr01wc3EmMkFj7cKlHawnWzQE-PpMe5NDZ3PvBGT2RvfvaEiv7Dq-4gD5jobb06IHyzTixCA3QyJoSc83YMOOunIbjj1f-2WYrRUYK5Y1IZ3lWfiInHaiXOt7Ic6DHoyfcZ7n31r4zhE/s2500/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvyLQTYGioSP7Sw9OyGyu9LALE_JcIlavJgm77WOoKK0IL7paCr01wc3EmMkFj7cKlHawnWzQE-PpMe5NDZ3PvBGT2RvfvaEiv7Dq-4gD5jobb06IHyzTixCA3QyJoSc83YMOOunIbjj1f-2WYrRUYK5Y1IZ3lWfiInHaiXOt7Ic6DHoyfcZ7n31r4zhE/w400-h300/134Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><br /><div class="separator" style="clear: both;"><br /></div></span></div></div></div></div><p><b><span style="font-size: medium;">Proactive:</span></b></p><h1 class="h2 mb-2 mt-3" itemprop="headline" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-stretch: normal; line-height: 1.26; margin-bottom: 0.5rem; margin-top: 1rem;"><span style="font-size: large;"><a href="https://www.proactiveinvestors.com/companies/news/1039874/biotech-101-the-critical-role-of-patents-in-biotechnology-1039874.html">Argentina president Milei's pro-business approach boosts optimism for Western-backed copper projects</a></span></h1><div class="separator" style="clear: both; text-align: center;"><br /></div><div><br /></div><div><span style="font-size: medium;"><b><a href="https://www.proactiveinvestors.com/teams/details/357/Angela-Harmantas">Angela Harmantas</a></b></span></div><div><span style="font-size: medium;"><br /></span></div><div><span style="font-size: medium;"><br /></span></div><div style="text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz7ZiEFXpgRBGYMEFp9JAhiFbwnKDp0yPa3QCmnUYteFngVMvyPQVeTZRqyyw-m8oE4SqDyzc0Gf1dl6h077KPeftVh3ZtTfOjdLYQahOgDF-OXPyeWnRRlytFTFL2UJvUwxprK_h9UxE1fnEe2wL16rRcuBQIAfMf0MJ7Yk9veIpi4hLEMOJ-8kgU95E/s800/Argentina%20President%20Milei%202.02.2024%204.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="533" data-original-width="800" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhz7ZiEFXpgRBGYMEFp9JAhiFbwnKDp0yPa3QCmnUYteFngVMvyPQVeTZRqyyw-m8oE4SqDyzc0Gf1dl6h077KPeftVh3ZtTfOjdLYQahOgDF-OXPyeWnRRlytFTFL2UJvUwxprK_h9UxE1fnEe2wL16rRcuBQIAfMf0MJ7Yk9veIpi4hLEMOJ-8kgU95E/w400-h266/Argentina%20President%20Milei%202.02.2024%204.jpeg" width="400" /></a></div><br /></div><div><br /></div><div><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 16px; margin-bottom: 10px;"><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">"Mining magnate Rob McEwen is seeking approximately $100 million for his Los Azules copper project in Argentina, leveraging the potential benefits of deregulation under President Javier Milei's new government.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">According to reports, McEwen Copper, McEwen's privately held firm, is engaging with existing stakeholders like <a href="https://www.proactiveinvestors.com/NYSE:STLA/Stellantis-NV/" style="box-sizing: border-box; color: #c55400; font-size: inherit; line-height: inherit; text-decoration: none;">Stellantis NV (NYSE:STLA, EPA:STLA)</a> and <a href="https://www.proactiveinvestors.com/LON:RIO/Rio-Tinto-Ltd/" style="box-sizing: border-box; color: #c55400; font-size: inherit; line-height: inherit; text-decoration: none;">Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)</a> venture Nuton LLC, as well as potential new investors, to secure fresh funds within the next six months for feasibility and engineering work.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">The discussions also include longer-term possibilities, such as enhanced partnerships with major mining companies like Rio Tinto.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">The Goldcorp founder told media that he sees an opportunity in President Milei's efforts to liberalize Argentina's tightly controlled economy, potentially unlocking significant copper deposits in San Juan province, Bloomberg reported.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">McEwen aims to build the $2.5 billion Los Azules mine, targeting a startup toward the end of the decade to meet increasing demand for copper in the transition away from fossil fuels.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">In 2022, Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Javier Milei, a libertarian who assumed office last December, is advocating for reduced bureaucracy, elimination of customs and capital restrictions, and other regulatory reforms to attract investors.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Mining investors are hopeful that the changes, if implemented, would reduce risks for investors, who currently remain cautiously optimistic.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgABi7-goPYKFbU2JAFLOcpjI1ecKSzJCM0G2NZjkcuuu_fr4vJVpRsO1ZHspYpAvwqQ6JA9kUphVXw56gFPeI34qUtoaOno8qBwjxNPU07mI_yRwkUn8oa_AFU5cTYbGWt8js_sDxDkVv2FDSkIC7nFVYjoI7qMOIRAEcm9spDcfNNECv5KbC2xDAHxQI/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgABi7-goPYKFbU2JAFLOcpjI1ecKSzJCM0G2NZjkcuuu_fr4vJVpRsO1ZHspYpAvwqQ6JA9kUphVXw56gFPeI34qUtoaOno8qBwjxNPU07mI_yRwkUn8oa_AFU5cTYbGWt8js_sDxDkVv2FDSkIC7nFVYjoI7qMOIRAEcm9spDcfNNECv5KbC2xDAHxQI/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><a href="https://www.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" style="box-sizing: border-box; color: #c55400; font-size: inherit; line-height: inherit; text-decoration: none;">TNR Gold Corp (TSX-V:TNR, OTC:TRRXF)</a> CEO Kirill Klip expressed optimism about the mining landscape in Argentina under President Milei, highlighting the potential benefits for projects like Los Azules due to a perceived reduction in environmental regulations and an overall positive outlook for the mining sector.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">TNR Gold holds a 0.4% NSR royalty on the Los Azules project, of which 0.04% of the 0.4% NSR royalty is held on behalf of a shareholder.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQvAQ5poJMXLt8EOgOERPCHoAsITi6AKCJPVt1AvVzRydLD3zZl6qwzKrEAYv-L0SF7pAo5NnGFLUblavP0kD0FH6IoZwwY36Cjckr1pexopl3N0asr9nUL98XxGghLvdiZwKstv8KzVj_Kwf0iGUTj1PQRZYVd_TzTXSMQBk8sGPhKX9syEgyZGFnLd4/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQvAQ5poJMXLt8EOgOERPCHoAsITi6AKCJPVt1AvVzRydLD3zZl6qwzKrEAYv-L0SF7pAo5NnGFLUblavP0kD0FH6IoZwwY36Cjckr1pexopl3N0asr9nUL98XxGghLvdiZwKstv8KzVj_Kwf0iGUTj1PQRZYVd_TzTXSMQBk8sGPhKX9syEgyZGFnLd4/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">“Argentina’s new president Javier Milei represents a low risk to domestic mining projects; the state’s provincial jurisdictional buffer will buffet any radical policies regarding Sino-affiliated projects, plus a goal of boosting national mineral exports keeps lithium and copper projects guarded,” Klip told Proactive.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQtaoilDrkFIxc8l1q0I6HRwIsE4znDwnAiXZIzlgxY5kQwFMbzSky_mI2QzLH5YyM5v3cqnd7cEFmtr8NSBXP9gMgISRGt-hFR7OBZBMQRqAlCYhpuNFSOvlpUYRPMWPqxqvHdbB-WDT6LmVDhp-YQA6nE6Wf0mz98Ej0bw22w8SXBJLnhocTZItoWUU/s1280/Argentina%20President%20Milei%202.02.2024.webp" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="720" data-original-width="1280" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQtaoilDrkFIxc8l1q0I6HRwIsE4znDwnAiXZIzlgxY5kQwFMbzSky_mI2QzLH5YyM5v3cqnd7cEFmtr8NSBXP9gMgISRGt-hFR7OBZBMQRqAlCYhpuNFSOvlpUYRPMWPqxqvHdbB-WDT6LmVDhp-YQA6nE6Wf0mz98Ej0bw22w8SXBJLnhocTZItoWUU/w400-h225/Argentina%20President%20Milei%202.02.2024.webp" width="400" /></a></div><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">“On another hand, Argentina’s new president is great news for copper projects in the region, more so for Western-backed miners.”</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Tax incentives proposed for large Argentine infrastructure projects in Milei's legislation could play a crucial role in attracting partners, providing additional taxation stability for future financing discussions with the international community.</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">What’s more, Milei's commitment to boosting mineral exports aligns with a pro-business stance, potentially creating a conducive atmosphere for the development and operation of mining projects. </p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM136E8B18jMrxePLmWW4sTQRArXZdt7N8T9Y2esq5g4Vaoepaudkzu_M851cqTc_MEqgQDUZ1qxUo1oncGp7GLcPlcC_-PkeTbnDZX3e8ctnkuRyWUbQqCwbo4sJ4BsuvtL0oDx_9eXMX6g46J-u_ZOJhWGTcKRv2D7zfIXmdi8KGGxDfEL9Xma8Vvl4/s1280/Argentina%20President%20Milei%202.02.2024%208.jpeg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1280" data-original-width="1280" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiM136E8B18jMrxePLmWW4sTQRArXZdt7N8T9Y2esq5g4Vaoepaudkzu_M851cqTc_MEqgQDUZ1qxUo1oncGp7GLcPlcC_-PkeTbnDZX3e8ctnkuRyWUbQqCwbo4sJ4BsuvtL0oDx_9eXMX6g46J-u_ZOJhWGTcKRv2D7zfIXmdi8KGGxDfEL9Xma8Vvl4/w400-h400/Argentina%20President%20Milei%202.02.2024%208.jpeg" width="400" /></a></div><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">“Described as an ‘anarcho-capitalist’ and a ‘rabid’ free marketeer, Argentina’s new president Javier Milei would have to display a degree of self-contradiction to uproot prospective lithium, copper and gold projects, as it would go against a self-proclaimed goal of boosting mineral exports,” Klip added."</p><p style="box-sizing: border-box; font-size: 1.125rem; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgq7H1lqxaEw4CVBunFHEk-Uxgi1Nk_qaH_-_5SrKbIAsZ8egZLNmqVUiyOjuCtAGCIF2Ka3b3o8SQJeaZyKalNfSSF69L0cu_fcM45kAAUIFLnPjMKilERV3xwvK5aoRcItmU2kguC4jYiqXctZQXNLFmaXFFxcDRaB9hS9pXj3jzgPipAyuamwfOfY/s3333/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjsgq7H1lqxaEw4CVBunFHEk-Uxgi1Nk_qaH_-_5SrKbIAsZ8egZLNmqVUiyOjuCtAGCIF2Ka3b3o8SQJeaZyKalNfSSF69L0cu_fcM45kAAUIFLnPjMKilERV3xwvK5aoRcItmU2kguC4jYiqXctZQXNLFmaXFFxcDRaB9hS9pXj3jzgPipAyuamwfOfY/w400-h225/158TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-47864598307659551142024-01-27T04:26:00.000-08:002024-01-28T10:05:37.415-08:00TNR Gold Mariana Lithium NSR Royalty Partner: Ganfeng Lithium Adds Hyundai to Supply Agreements with Tesla, BMW and VW<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0BDwJQASJ7jZiCddU5T1kT_FKmV4rdvKvB-0VfcUA2jRuZuk3wQFc-I4j7BATXKw8Dg1JnFSznr2zBoLvDgixZ2N9YDeIofNw3W-V-Rom-EqCDUD-lW5YtvkyvsqfkRnYqvHpNoCXiS62p-Ek0WPB0bd_NN50cYY9s-FVx_SF-FNToRG3OAhlRmjANTA/s2500/218KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0BDwJQASJ7jZiCddU5T1kT_FKmV4rdvKvB-0VfcUA2jRuZuk3wQFc-I4j7BATXKw8Dg1JnFSznr2zBoLvDgixZ2N9YDeIofNw3W-V-Rom-EqCDUD-lW5YtvkyvsqfkRnYqvHpNoCXiS62p-Ek0WPB0bd_NN50cYY9s-FVx_SF-FNToRG3OAhlRmjANTA/w400-h300/218KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;">We have another enormously important development for <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>TNR Gold's royalty partner on the Marina Lithium Project, Ganfeng Lithium</b></a>. The giant from China signed a 4-year supply agreement for battery materials with Huyndai. Ganfeng Lithium already supplies battery materials to a numeral of the most significant participants in the electric cars space including Tesla, BMW and VW. Hyundai is a fast-growing automaker with a range of cheaper electric cars and rapidly increasing its market share. They are targeting 30% growth for 2024 and will launch more affordable EV models soon.</p><p style="text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGypAyssWCt-uByC7TGy8nYJTRZCegTiNU0iNTCOISLM96OZduiX70RW0JHoPbEH9GKoZ0Rln9z77CweEpgqNfG2RVSz5umNXzq_VRRsL8nXsHDYwKYeTMprGKx9b-M_1RZhbUCDhoumA7qJFxsXrVCrpSj-4wNO9AbOyRl0yxhbMs0hFNZP32u4NbMog/s2500/191KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGypAyssWCt-uByC7TGy8nYJTRZCegTiNU0iNTCOISLM96OZduiX70RW0JHoPbEH9GKoZ0Rln9z77CweEpgqNfG2RVSz5umNXzq_VRRsL8nXsHDYwKYeTMprGKx9b-M_1RZhbUCDhoumA7qJFxsXrVCrpSj-4wNO9AbOyRl0yxhbMs0hFNZP32u4NbMog/w400-h300/191KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; text-align: justify;"><div><span style="font-family: inherit;"><span style="background-color: white;">"</span><b><a href="https://kirillklip.blogspot.com/2023/04/energy-revolution-tesla-master-plan.html">Due to the technical complexity</a></b><span style="background-color: white;">, only the strongest Lithium companies will be able to develop new projects and achieve a significant production increase of Battery Grade Lithium. The whole industry produced only 737,000 T LCE of Lithium in 2022 and now we have to jump first to over 1 million T LCE by 2025. </span><a href="https://kirillklip.blogspot.com/2021/11/skyrocketing-lithium-prices-unlikely-to.html" style="color: #6699cc; text-decoration: none;"><b>Ganfeng's Chairman is talking about 3 million T LCE annual demand by 2030</b></a><span style="background-color: white;"> and Canaccord Genuity estimated that only Tesla will consume 2.7 million T LCE annually by 2030."</span></span></div></blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyhAH3BPwsDJCtlpjMtuzrDTqZ_hXVkJf8agb1Rgc6rGqNekZWcPGXDp81IMd3v_WPkLIe3PEZHtifA0xC3a3TMK6HeV-NbjC3cNlSal_IFq4IjaInR4tl5ZChX51PUo7dXgQn9OmE71ZqPyOVfEZ-J14xMadTxn9E6akmV0_62Q0VyxEesVADuVtREnM/s2500/299KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgyhAH3BPwsDJCtlpjMtuzrDTqZ_hXVkJf8agb1Rgc6rGqNekZWcPGXDp81IMd3v_WPkLIe3PEZHtifA0xC3a3TMK6HeV-NbjC3cNlSal_IFq4IjaInR4tl5ZChX51PUo7dXgQn9OmE71ZqPyOVfEZ-J14xMadTxn9E6akmV0_62Q0VyxEesVADuVtREnM/w400-h300/299KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;">During the ongoing REE 2.0 Lithium price war Ganfeng is following its main strategy by using the crash in the Lithium market as an opportunity to consolidate the supply chains. The main efforts of all major players are focused on securing new production capacity for the raw materials and increasing the market share through long-term supply contracts for OEMs, automakers and, increasingly, providers of Energy Storage Solutions among other Lithium battery makers. </p><p style="text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJUuaC9aFhyphenhyphen-o3LP5ZxWVLcJfQRHqSvbm8dB4miSsx3P4Q0PHMXY_A_edxypq6UqFsaApeiZGgqzMr7GJ4gfm0tbrHV57sKEuGdOW1CoKKz23QrAAi5V0O0kEXSzCDJgZhsF-pgS5wb7e-xwUW3XRxYtXGe1uIQPxvdm6lBur8te8jEIJD4LAmD7rt8Nk/s2500/204KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJUuaC9aFhyphenhyphen-o3LP5ZxWVLcJfQRHqSvbm8dB4miSsx3P4Q0PHMXY_A_edxypq6UqFsaApeiZGgqzMr7GJ4gfm0tbrHV57sKEuGdOW1CoKKz23QrAAi5V0O0kEXSzCDJgZhsF-pgS5wb7e-xwUW3XRxYtXGe1uIQPxvdm6lBur8te8jEIJD4LAmD7rt8Nk/w400-h300/204KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><blockquote style="text-align: justify;">"<a href="http://kirillklip.blogspot.com/2022/05/tnr-gold-mariana-lithium-nsr-royalty.html"><b>According to Equal Ocean, Ganfeng Lithium</b></a> "has planned to form a supply capacity of no less than 300,000 tons of LCE by 2025". "About 200,000 tons of LCE will come from the supply of its own resources".</blockquote><p> </p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhURfcrD4DqF1iuOKUokoQRrfOnEGeVt1jCJIpNhRQtQvrVsc3Lzns3YDCrTHWpMLf0Tz1to7IWzYl5fE8srAxryNnrSwsUpUE9z7V9c3uHzibeQfpFAxeTZb8bhpaJjWF7Kl5XKjiT2AadzUKghERjyhvW3bRiFQUGMJo97xJ2ZvONhL1Thw0Dng46ZmU/s2500/130KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhURfcrD4DqF1iuOKUokoQRrfOnEGeVt1jCJIpNhRQtQvrVsc3Lzns3YDCrTHWpMLf0Tz1to7IWzYl5fE8srAxryNnrSwsUpUE9z7V9c3uHzibeQfpFAxeTZb8bhpaJjWF7Kl5XKjiT2AadzUKghERjyhvW3bRiFQUGMJo97xJ2ZvONhL1Thw0Dng46ZmU/w400-h300/130KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;">Ganfeng Lithium is arguably one of the most active companies in the market building the Vertically Integrated Lithium Business. It <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>built a diversified supply chain starting from the brine and hard rock sources for Lithium</b></a> and <a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-mariana-lithium-royalty.html"><b>advancing its ambitions with the cutting-edge technology of Lithium Solid-State Batteries</b></a>. </p><p style="text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0z7v2gOGaIkCM9z5CHC7Wb_tpQ_1jBT19yIA6ZoExp_2yiym5kLg7Jon0U9tZtbrSdspfFmozacW1879IFmUywN_SyTl8BiwZwn96RBbiLVxL9ysmxAR2n6D-BPAsXyOsmGotGTH4V5u6fRobUuhHIQW-L8-7g0fklR-rDUe6zd0UFmKp6l01zrUwKmg/s2500/212KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi0z7v2gOGaIkCM9z5CHC7Wb_tpQ_1jBT19yIA6ZoExp_2yiym5kLg7Jon0U9tZtbrSdspfFmozacW1879IFmUywN_SyTl8BiwZwn96RBbiLVxL9ysmxAR2n6D-BPAsXyOsmGotGTH4V5u6fRobUuhHIQW-L8-7g0fklR-rDUe6zd0UFmKp6l01zrUwKmg/w400-h300/212KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;">By developing the Vertically Integrated Lithium Business Model including the production of higher-margin Lithium chemicals, battery materials and, particularly, <a href="https://kirillklip.blogspot.com/2023/05/tnr-gold-mariana-lithium-royalty.html"><b>expanding its Lithium Batteries business</b></a>, Ganfeng can use its own raw material base of the Lithium supply chain to produce the higher margin products in the supply chain for electric cars. </p><p style="text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi84LVF1gEzQfJecI4iSAjl7jyMbvC46KEFAbTzqI8AziqEAXFc0pkzhMOhhe9Nn_Fq9pjHVTYNK0OLdmMygCqbJxDYzeaqf6NgFzOrEQvCA8JIIeO9rCBxLHp9ymasV5USxtl4F3BqekTRgEJinPZ2O9uwYA3_q35PNUP_TGoEDRsp9CLHhdIe_W-werU/s2500/167KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi84LVF1gEzQfJecI4iSAjl7jyMbvC46KEFAbTzqI8AziqEAXFc0pkzhMOhhe9Nn_Fq9pjHVTYNK0OLdmMygCqbJxDYzeaqf6NgFzOrEQvCA8JIIeO9rCBxLHp9ymasV5USxtl4F3BqekTRgEJinPZ2O9uwYA3_q35PNUP_TGoEDRsp9CLHhdIe_W-werU/w400-h300/167KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="text-align: justify;">Ganfeng's scale and technical expertise allow it to move into the higher value-added part of the supply chains while the producers of Lithium concentrate are being slaughtered by the REE 2.0 Lithium Price War. </p><p style="text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHmqV1z-L9huUKE9WLrMu_YKABsqUz8tZvvocUGDbvfmqHo1FRpL7_b2tX-XQ_X7-Bjocrl_OYXCQEFb4WQgYKzJl6dFwtV-iuSE2Ny9bIyerS2toR3-FuHDAWgN02XlVr0p2-B-eE8_xpv90efBxg3DIKNRr_iuZCRdZIgC4OC2DMdY_AjXhMjo4w6Rw/s2500/210KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHmqV1z-L9huUKE9WLrMu_YKABsqUz8tZvvocUGDbvfmqHo1FRpL7_b2tX-XQ_X7-Bjocrl_OYXCQEFb4WQgYKzJl6dFwtV-iuSE2Ny9bIyerS2toR3-FuHDAWgN02XlVr0p2-B-eE8_xpv90efBxg3DIKNRr_iuZCRdZIgC4OC2DMdY_AjXhMjo4w6Rw/w400-h300/210KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div><br /></div><div style="text-align: justify;">TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the <b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html">Mariana Lithium Project</a></b> with Ganfeng Lithium. <a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-corp-executive-chairman-upbeat.html"><b>I consider my personal investment in TNR Gold</b></a>, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtiFkxNIUfximPLS5KpRp9OZ_lpbhtmptPKjQjIw_bZUPGLM4uIrJ2f6g9jcZvGxsj32NGzjjYT3luRgFlqFaYorDuNWGwEMcjrEbS8PvISWIEPEYpJZFDCWowWW4_G6jrZwvn2GCaskT4GHB3E8C2nmJeXKLvoUkPUq2DjmEQHArlrNtHsqviRX8_aBQ/s2500/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtiFkxNIUfximPLS5KpRp9OZ_lpbhtmptPKjQjIw_bZUPGLM4uIrJ2f6g9jcZvGxsj32NGzjjYT3luRgFlqFaYorDuNWGwEMcjrEbS8PvISWIEPEYpJZFDCWowWW4_G6jrZwvn2GCaskT4GHB3E8C2nmJeXKLvoUkPUq2DjmEQHArlrNtHsqviRX8_aBQ/w400-h300/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Now <a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-corp-executive-chairman-upbeat.html"><b>TNR Gold is moving fast towards the re-rating of the market valuations for our assets</b></a>. With the first cash flow coming potentially this year from Mariana Lithium the valuation for that asset will be much higher and it will be translated into a higher valuation for all our Company. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhW57_dNt-OR5Pzko0WmP2_ZPj0yupXxGwluNJ9JfZ97qHLlO7QyTlLH7LwHthEMLdTWZr28mbSxRPU4BPx1gdaws_hzfUkli5Z9FRQG48ryY88vFURCBfbH7msMbrFQQZRXUYH2UbCmRBAodwxP8BOC48BvYV33aXvHbyYXjF0MxwAHnTQBnqaZXkmhY/s700/TNR%20Gold%20NW%20HT%2020.12.2023.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="494" data-original-width="700" height="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhW57_dNt-OR5Pzko0WmP2_ZPj0yupXxGwluNJ9JfZ97qHLlO7QyTlLH7LwHthEMLdTWZr28mbSxRPU4BPx1gdaws_hzfUkli5Z9FRQG48ryY88vFURCBfbH7msMbrFQQZRXUYH2UbCmRBAodwxP8BOC48BvYV33aXvHbyYXjF0MxwAHnTQBnqaZXkmhY/w400-h283/TNR%20Gold%20NW%20HT%2020.12.2023.png" width="400" /></a></div><div style="text-align: center;">Chart by Nicholas Winton</div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">You can find on the links below <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html"><b>the latest reports and videos from Salta, Argentina</b></a>. Ganfeng Lithium is showing very rapid sustainable progress at the Mariana Lithium Project and moving it into the production stage this year. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW2L4fH0I8Y2zs-Sk8i3f0YgNzwAfaT0N753VA9kbw4lxw5SLcR6NyY1baSYe1r85-2lNr8sNMrTnk3KcTfN3T9JeYyaPSoZeU4943HBXZfrg3-K_CnXg2ElaaAWgU9oTt64rsgnC00KymJ5pelCds_7kCqMsHcOouEOQ6A_naqLOqUBVD9e8V0eydpPY/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiW2L4fH0I8Y2zs-Sk8i3f0YgNzwAfaT0N753VA9kbw4lxw5SLcR6NyY1baSYe1r85-2lNr8sNMrTnk3KcTfN3T9JeYyaPSoZeU4943HBXZfrg3-K_CnXg2ElaaAWgU9oTt64rsgnC00KymJ5pelCds_7kCqMsHcOouEOQ6A_naqLOqUBVD9e8V0eydpPY/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><br /><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html">TNR Gold Royalty Holding: Ganfeng's Mariana Lithium is on Track to Production in 2024</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJnvhrvEfil66CYVKr50lY1sxdksCsVx88VLRdFg_wZ-pqWaSeQEJY7JEIcazTfVj5DcNzf702_NwKOLGdTqpjUk3Bf-HUeYZCwK93w2MoFDoRL_JNUII1gWOinnoWTR7ijjYHBCrWVUD2ZNo3E1KR9YuxhGrj_cYvfFvsbC9rttHGFyvMxUZZqQx7jOM/s2500/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhJnvhrvEfil66CYVKr50lY1sxdksCsVx88VLRdFg_wZ-pqWaSeQEJY7JEIcazTfVj5DcNzf702_NwKOLGdTqpjUk3Bf-HUeYZCwK93w2MoFDoRL_JNUII1gWOinnoWTR7ijjYHBCrWVUD2ZNo3E1KR9YuxhGrj_cYvfFvsbC9rttHGFyvMxUZZqQx7jOM/w400-h300/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div><div><br /></div><p style="text-align: justify;"><b><span style="font-size: medium;">Mugglehead Magazine:</span></b></p><br /><b><span style="font-size: large;"><a href="https://mugglehead.com/ganfeng-lithium-inks-4-year-battery-material-supply-agreement-with-hyundai/">Ganfeng Lithium inks 4-year battery material supply agreement with Hyundai</a></span></b><div><br /></div>The Chinese company will be supplying the automotive manufacturer with lithium hydroxide for its electric vehicles<br /><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLKRIGh7CHfhzI2tJ3apW-rohbIXON4xrZYztdGrhLZn_YfOiKUVuuuZgysVPlWnLW8PJk4xBAWusTnLlr7nGalQG8V2zwTyQ0YtqwaIh1QAbonkxJ-Zv6fPiCfYawdJVzk1gKeTfH_1OAntmV8QDjCzo-7Qh3T7ChfhyphenhyphensC0EFQ66-RkdlptkRoQoFlkw/s2048/Ganfeng%20Lithium%20Hyundai%2027.01.2024.jpeg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1363" data-original-width="2048" height="266" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLKRIGh7CHfhzI2tJ3apW-rohbIXON4xrZYztdGrhLZn_YfOiKUVuuuZgysVPlWnLW8PJk4xBAWusTnLlr7nGalQG8V2zwTyQ0YtqwaIh1QAbonkxJ-Zv6fPiCfYawdJVzk1gKeTfH_1OAntmV8QDjCzo-7Qh3T7ChfhyphenhyphensC0EFQ66-RkdlptkRoQoFlkw/w400-h266/Ganfeng%20Lithium%20Hyundai%2027.01.2024.jpeg" width="400" /></a></div><div style="text-align: center;"><br /></div><br />By <a href="https://mugglehead.com/author/rowan/"><b>Rowan Dunne</b></a><br /><div><br /><br />China’s Ganfeng Lithium (SHE: 002460) finalized a lithium hydroxide supply agreement with the South Korean automotive giant Hyundai Motor Company (KRX: 005380) last week.<br /><br />The agreement is valid from Jan. 1 this year until the end of 2027. Ganfeng said the price of product sold to Hyundai will be determined by an agreed-upon pricing formula. The company did not disclose any specific dollar figures for the <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0118/2024011800907.pdf">deal</a> or other particular details.<br /><br />“The annual supply volume will be executed according to the agreement, the actual purchase volume and sales amount shall be subject to the final purchase orders,” Ganfeng said.<br /><br />This is not the first supply agreement Ganfeng has had with a major vehicle company. The lithium producer signed a long-term supply deal with Bayerische Motoren Werke AG (BMW) (ETR: BMW) in 2020 and another with Tesla (NASDAQ: TSLA) in 2018. Volkswagen (OTC: VWAGY) buys battery materials from Ganfeng as well.<br /><br />“Entering into this long-term supply agreement can satisfy Hyundai’s demands for key lithium raw materials used for production of batteries on the one hand,” Ganfeng said. “It is conducive to our company for improving its continuous profitability and facilitating its long-term growth on the other hand.”<br /> <br /><br /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJDW2Kqgs1hEQDSjyto468KuOJ-_LV70lUKq9-LzV4oXD78RcZ4qvUNuXVY14WZ3MkawMGj6QXllkvZzXv7wuj-URfUXCOkIKjoDISWJZbf_47WXJdE7RTS1rSVSGN6y0H7ZEhtbp5ajX8X-RDUKrBOl9dOs_ejBsOTcXkO2Wnth7CeTrs2Tosk5Ho9wc/s2500/300KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJDW2Kqgs1hEQDSjyto468KuOJ-_LV70lUKq9-LzV4oXD78RcZ4qvUNuXVY14WZ3MkawMGj6QXllkvZzXv7wuj-URfUXCOkIKjoDISWJZbf_47WXJdE7RTS1rSVSGN6y0H7ZEhtbp5ajX8X-RDUKrBOl9dOs_ejBsOTcXkO2Wnth7CeTrs2Tosk5Ho9wc/w400-h300/300KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20January%202024.jpg" width="400" /></a></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-780165642122449362024-01-22T03:21:00.000-08:002024-01-22T03:21:08.403-08:00TNR Gold Corp Executive Chairman Upbeat on Prospects for 2024<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhf63T2OlmGGY25wz353jhH4Be0bYkajcs7yN4gxlqxrptfdmso8rrrfpjUczJbUjyqJlwTZZmuymvFAEpS1smvpg8EJj0mOHM0yGPy6zDyvALQKKya_2gUdeERyDiGZN5eEyJXJeDgXZoPUDorei3aVrGrQcmn_dFJE3X2vyQ7_PCGK6KPrCVbTkJ6fBY/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhf63T2OlmGGY25wz353jhH4Be0bYkajcs7yN4gxlqxrptfdmso8rrrfpjUczJbUjyqJlwTZZmuymvFAEpS1smvpg8EJj0mOHM0yGPy6zDyvALQKKya_2gUdeERyDiGZN5eEyJXJeDgXZoPUDorei3aVrGrQcmn_dFJE3X2vyQ7_PCGK6KPrCVbTkJ6fBY/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><p style="text-align: center;"></p><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"></span></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;">"<b><a href="https://kirillklip.blogspot.com/2023/12/tnr-gold-corp-executive-chair-reports.html" style="color: #6699cc; text-decoration: none;">TNR Gold shareholders are well-informed</a></b> about the potential valuations of our assets as we build <strong style="box-sizing: border-box;">the</strong> Green Energy Metals Royalty and Gold Company.</span></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;">The bottom line is, we believe we can deliver a lot more value for our shareholders.</span></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box; text-align: start;">Using this opportunity, we would like to thank all our shareholders for their support of the TNR Gold team and our Company.</span>"</span></p></div></blockquote><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"></span></p></div></div><br /><p></p>
<div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Nfdlh6G1tJg?si=CkfvQHeGjyPPHWCH" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“We are building <a href="https://tnrgoldcorp.com"><b><span style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company</b></a>”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR does not have to contribute any capital for the development of the Mariana Lithium Project, Los Azules Copper Project and Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p></div><div style="text-align: center;"><br /></div><div><div style="text-align: justify;"><div style="text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><div style="text-align: right;"><span style="font-family: inherit;"><b></b></span></div></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><h1 class="title fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="46px" style="box-sizing: border-box; color: #ff6600; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 34px; line-height: 1.38; margin: 0.67em 0px; position: relative; text-align: start;"><span style="box-sizing: border-box;"><span style="font-family: georgia;">TNR GOLD CORP.</span></span></h1><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: 400; line-height: 1.13; margin: 0em 0px 1.1em; position: relative; text-align: start; text-transform: uppercase;"><span style="font-family: georgia;"><span style="box-sizing: border-box; color: #ff6600;"><span style="box-sizing: border-box; font-weight: 700;">></span> <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">THE</em></span> GREEN ENERGY METALS ROYALTY </span><span style="box-sizing: border-box; color: #ff6600;">AND GOLD </span><span style="box-sizing: border-box; color: #ff6600;">COMPANY.</span></span></h2><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><span style="box-sizing: border-box; color: #ff6600;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">"<a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> is working to become <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-six 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 the Los Azules Copper Project in Argentina among many others have been recognized.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<span style="box-sizing: border-box; font-weight: 700;">LMA</span>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b>* measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/11/powered-by-tesla-energy-revolution-tnr.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper Project</a></b>** indicated resource: 10.2 B lbs copper, 1.7 Moz gold and 55.7 Moz silver with the additional inferred resource: 19.3 B lbs copper, 3.8 Moz gold and 135.4 Moz silver.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty (“NPR”) holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html" style="color: #6699cc; text-decoration: none;">Shotgun Gold Project</a></b>*** inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">* “NI 43-101 Technical Report Update of Lithium Brine Mineral Resources; Mariana Project, Salar de Llullaillaco, Argentina” dated January 12, 2020. Prepared by Geos for Ganfeng Lithium.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">** “NI 43-101 Technical Report – Preliminary Economic Assessment Update for the Los Azules Project, Argentina” dated October 16, 2017. Prepared by Hatch for McEwen Mining.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">*** “NI 43-101 Technical Report on the Shotgun Gold Project, Southwest Alaska” dated May 27, 2013. Prepared by Nicholas Wyck and Allan Armitage for TNR Gold."</em></p></span></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br class="Apple-interchange-newline" style="text-align: start;" /></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2024/01/tnr-gold-announces-results-of-annual.html">TNR Gold Announces Results of Annual General & Special Meeting</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGYrD5CqNGqet3eFIF8K3aMRuoT-lBoPzC6_uml177XtP2qeBHoRAer8Fz6Qx2Bs9Rd_kLiI3K6neL1bx7zcaVfI1SoCF48nsD3MkWgdahjSEzNpWDYs-8h_jLOQnEJ6R8vn4d_2Ri-KmKt6sxJQmrE7RGzWCITMLDL-wJTzJ9RHT_0NbanfXpJ0pjxl0/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGYrD5CqNGqet3eFIF8K3aMRuoT-lBoPzC6_uml177XtP2qeBHoRAer8Fz6Qx2Bs9Rd_kLiI3K6neL1bx7zcaVfI1SoCF48nsD3MkWgdahjSEzNpWDYs-8h_jLOQnEJ6R8vn4d_2Ri-KmKt6sxJQmrE7RGzWCITMLDL-wJTzJ9RHT_0NbanfXpJ0pjxl0/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div></div></b></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div style="text-align: justify;"><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/12/tnr-gold-corp-executive-chair-reports.html" style="color: #6699cc; text-decoration: none;">TNR Gold Corp Executive Chair Reports on an "Important Year" for the Business</a></h3><div><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT_eb7NubCRF1-sVWGa6I5TVDGLTa1F7lEwldQahDF7BFcdwCmTorC93SPL7jolHLq2bDriYdjqkCnznZTYbEk0S36O41saPiDXKkj6H8ER90CCBSE8pv1mHCg2giEvOReg4oqvX2SXkLWoQfz7IlmdeQZE1ojO1wAgnAFuPhrt4FNAjXPJgEA1FaBEK4/s1122/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="636" data-original-width="1122" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT_eb7NubCRF1-sVWGa6I5TVDGLTa1F7lEwldQahDF7BFcdwCmTorC93SPL7jolHLq2bDriYdjqkCnznZTYbEk0S36O41saPiDXKkj6H8ER90CCBSE8pv1mHCg2giEvOReg4oqvX2SXkLWoQfz7IlmdeQZE1ojO1wAgnAFuPhrt4FNAjXPJgEA1FaBEK4/w400-h226/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" style="border: medium; position: relative;" width="400" /></a></div><div><br /></div><div><br /></div><b>TNR Gold:</b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin: 0.67em 0px; position: relative; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold Bought 5,056,000 Shares Under Normal Course Issuer Bid </strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – January 11, 2024: <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that the Company bought 5,056,000 shares under its normal course issuer bid in 2023.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-shares-details-behind-latest.html" style="color: #6699cc; text-decoration: none;"><b>As announced on June 1, 2023</b></a>, TNR Gold is conducting a normal course issuer bid (the “<strong style="box-sizing: border-box;">Bid</strong>“) pursuant to which the Company may purchase up to a maximum of 9,548,639 common shares of the Company (the “<strong style="box-sizing: border-box;">Shares</strong>”), representing approximately 5% of the Company’s outstanding Shares. No more than 2% of the outstanding Shares may be purchased in any 30-day period.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The Company intends to terminate the Bid on or about June 4, 2024. Purchases pursuant to the Bid are being made from time to time by PI Financial Corp. on behalf of the Company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the Company’s working capital. All Shares purchased pursuant to the Bid will be returned to treasury as authorized and unissued shares.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. No insiders of the Company intend to participate in the Bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpMUgPwpKOEFZs2CUp9Sm9FZboEmLj8xhh6VFThuu4pGO0-5oYaZrcTSpfEhAHDC1KaipuV9AE8jOZOZMRo9BkTf3BXIfDVL7B3NaFc9MIwuLNL2bV8Jpv-a9pfVyDApLST9AcFyNNTk8d03wqsirfGItR0VQiUvvw3A6sbTRPkR8o85gbBIoOOQ-Lbw/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpMUgPwpKOEFZs2CUp9Sm9FZboEmLj8xhh6VFThuu4pGO0-5oYaZrcTSpfEhAHDC1KaipuV9AE8jOZOZMRo9BkTf3BXIfDVL7B3NaFc9MIwuLNL2bV8Jpv-a9pfVyDApLST9AcFyNNTk8d03wqsirfGItR0VQiUvvw3A6sbTRPkR8o85gbBIoOOQ-Lbw/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“We are building <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR does not have to contribute any capital for the development of the Mariana Lithium Project, Los Azules Copper Project and Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fYORwEjNNa4p0gAS1hlpVPBy7WRzQjap3pf-LipJSWjL3w1C0b23hfjc74VTw-klUGVpufDSHEETRqFfXzweCUxtj7ufMqkhKXL1MGb4bJbmjEVBe8zqlWKMnEsWiZaqX14Rw2MCnWqcFVqvSr9oeZUkLAVW5W90yjMalaFlKjZhJ_8SJRs3NuTmk2Y/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fYORwEjNNa4p0gAS1hlpVPBy7WRzQjap3pf-LipJSWjL3w1C0b23hfjc74VTw-klUGVpufDSHEETRqFfXzweCUxtj7ufMqkhKXL1MGb4bJbmjEVBe8zqlWKMnEsWiZaqX14Rw2MCnWqcFVqvSr9oeZUkLAVW5W90yjMalaFlKjZhJ_8SJRs3NuTmk2Y/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; position: relative; text-align: start; text-transform: uppercase;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;">ABOUT TNR GOLD CORP</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;">Kirill Klip</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;">www.tnrgoldcorp.com</div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMrIw22yvBVT09j_KDhdjVcoK09YajzyyCXwp8MC-fePM8OC3b_DPhrIZV3G_W5teBiJYmZaOuTcjd9WHv3VSTsQa0t7VlSaEBhjaaXPI7S2z2ryjKQAgx17J9C4ffxll4PGwBylMiGreW-N8G2O2UASyV_0ZXRRHJazfsXJcVmk5ffRY-QAQo_JAQSKk/s3333/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMrIw22yvBVT09j_KDhdjVcoK09YajzyyCXwp8MC-fePM8OC3b_DPhrIZV3G_W5teBiJYmZaOuTcjd9WHv3VSTsQa0t7VlSaEBhjaaXPI7S2z2ryjKQAgx17J9C4ffxll4PGwBylMiGreW-N8G2O2UASyV_0ZXRRHJazfsXJcVmk5ffRY-QAQo_JAQSKk/w400-h225/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div></div><br class="Apple-interchange-newline" /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-81901120773242351762024-01-20T01:19:00.000-08:002024-01-21T01:03:52.063-08:00Gold Made a New All-Time High at $2,080 Followed by the Highest Monthly, Quarterly and Yearly Close in History at $2,063 - Next is a Climb to $2,500, $5,000 and Over $10,000<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlMyTgHFIRBptAIzqiB51e80Oci8afSRFRqOGa8wzNGp1uVsQTxhNtSCgYP7v6jrOk1WI3S2F9hK6x6qT6s-y6BJB6N9gouv7npz6rOrqlDy_AcrHADUV5e9LpcnfZ7oKKX_O4kA_6G6gSWJGxD5mOLpiS36cFrEPRRdsrvASKrkNqlKPI5Tc1jb-5rCM/s2500/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjlMyTgHFIRBptAIzqiB51e80Oci8afSRFRqOGa8wzNGp1uVsQTxhNtSCgYP7v6jrOk1WI3S2F9hK6x6qT6s-y6BJB6N9gouv7npz6rOrqlDy_AcrHADUV5e9LpcnfZ7oKKX_O4kA_6G6gSWJGxD5mOLpiS36cFrEPRRdsrvASKrkNqlKPI5Tc1jb-5rCM/w400-h300/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><div class="post-body entry-content" id="post-body-2881016295757217141" itemprop="description articleBody" style="line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333;"><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-6639552419777380160" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-weight: 400;">Gold made a new all-time high at $2,080 and finished 2023 with the highest monthly close in history at $2,063. </span><a href="https://kirillklip.blogspot.com/2023/12/gold-made-new-all-time-high-at-2072-day.html" style="color: #6699cc; font-weight: bold; text-decoration: none;">The previous all-time high at $2,072 was made by Gold on December 1, 2023.</a><span style="font-weight: 400;"> We have been waiting for the breakout from this giant Cup-and-Handle formation after t</span><span style="background-color: white; caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;">he "pandemic" all-time high at $2,070 made by Gold in August 2020.</span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: bold; text-align: justify;"><span style="font-weight: 400;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: bold; text-align: justify;"><span style="font-weight: 400;"><br /></span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-weight: bold; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3cJ-KJFQI7hTmdQTebMjLaTVHONTwsVNjTza_RJ5ZNPO8H0mL6hhSC1e-RiHJYsGzdBoH99nV1KKhzEaiUNMM0bmA3Xf5cf0CL-vCgufWsvuTYjkkcWB3UKro3PO2h6umDMFWfc87LJo7ziLzsFSe0_jPQgBiFwoTvC1zDXKiwo5bm_i6MP-fr5kGwW4/s2500/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg3cJ-KJFQI7hTmdQTebMjLaTVHONTwsVNjTza_RJ5ZNPO8H0mL6hhSC1e-RiHJYsGzdBoH99nV1KKhzEaiUNMM0bmA3Xf5cf0CL-vCgufWsvuTYjkkcWB3UKro3PO2h6umDMFWfc87LJo7ziLzsFSe0_jPQgBiFwoTvC1zDXKiwo5bm_i6MP-fr5kGwW4/w400-h300/129Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-size: 14.85px;">Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. </span><span style="font-size: 14.85px;">Next is a climb to $2,500, $5,000 and over $10,000. Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards $10,000 - $15,000 range per ounce. </span></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_vddKC-IAvUpaYC3Qvmzr80yeRKru96Qeh84K6VgGYfTgdu9FfdVWX6KGVlMwNP-Sli1Fq3cFXFksGPaxc4Nwx1RAEzPEk2c671lgvW0IxJ3PVPBHUNGkKvtkUPnJjT73HUxLri2EqGt3fz2OrFh3G7_KTQAwgd64JGhyXdSAPFeDnGeQBsP5jXGk-Gg/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_vddKC-IAvUpaYC3Qvmzr80yeRKru96Qeh84K6VgGYfTgdu9FfdVWX6KGVlMwNP-Sli1Fq3cFXFksGPaxc4Nwx1RAEzPEk2c671lgvW0IxJ3PVPBHUNGkKvtkUPnJjT73HUxLri2EqGt3fz2OrFh3G7_KTQAwgd64JGhyXdSAPFeDnGeQBsP5jXGk-Gg/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">We can expect in the coming months that next will be another new all-time high for Gold confirming the breakout which will open the road to climb to new record prices of </span><span style="font-family: inherit;">$2,500, $5,000 and over $10,000 per ounce of Gold.</span></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZpjeyBxfknGiUVmovHIYepbe4U_x13MWmLTrLL62MXt0pTBtO7jJ9zY2QW7hLJ_soyXhHRDAHydkPFaAUO-Qb48QZxsDQZ_xUHrhEzz8lTg0NCbzd3P6OzI5O4SN4sryfIXX1x86S-u0Sxpg0dP8lTUUl2qxeZoJD4piU51lP5ckxUbdOKDcGsM1GKc/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZpjeyBxfknGiUVmovHIYepbe4U_x13MWmLTrLL62MXt0pTBtO7jJ9zY2QW7hLJ_soyXhHRDAHydkPFaAUO-Qb48QZxsDQZ_xUHrhEzz8lTg0NCbzd3P6OzI5O4SN4sryfIXX1x86S-u0Sxpg0dP8lTUUl2qxeZoJD4piU51lP5ckxUbdOKDcGsM1GKc/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html" style="color: #6699cc; text-decoration: none;"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly. </span></div><div class="separator" style="clear: both;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMv-oWZijSv3i-Oem1PtHqcXTViyOQ1zDGGDnYL85_diIolGclW0SelV9w48pI2ASWSDsgWJxUadw8KqChj6X5aA56ty9NVZylHFWU0jyHDhVijcab0pqN_tMdYg5MEqnfhfu9X241iuoSSyQr54VB1p9vLkA3Nfk1prS9V4HUyf-s55P1KovuiBZZA4E/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMv-oWZijSv3i-Oem1PtHqcXTViyOQ1zDGGDnYL85_diIolGclW0SelV9w48pI2ASWSDsgWJxUadw8KqChj6X5aA56ty9NVZylHFWU0jyHDhVijcab0pqN_tMdYg5MEqnfhfu9X241iuoSSyQr54VB1p9vLkA3Nfk1prS9V4HUyf-s55P1KovuiBZZA4E/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html" style="color: #6699cc; text-decoration: none;"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia. </span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDcm9uqH3HPOT88xdu8ve0p0njsLZUKNxMsk0qoyv7OeZzNBe520yTRan_lODSkWgAZnNXWTWNzx1hJKQn1AEpe65UA-qXOO9oLFr5F28IghLU5J4ByP7LUUYtn9EN_zzsMq8C_BgmCvoovI3FOTpYdDQ0R7FPSmiS2ijB2XpN8i-PDwH62aub1XzckXI/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDcm9uqH3HPOT88xdu8ve0p0njsLZUKNxMsk0qoyv7OeZzNBe520yTRan_lODSkWgAZnNXWTWNzx1hJKQn1AEpe65UA-qXOO9oLFr5F28IghLU5J4ByP7LUUYtn9EN_zzsMq8C_BgmCvoovI3FOTpYdDQ0R7FPSmiS2ijB2XpN8i-PDwH62aub1XzckXI/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"></p><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgckXjpfiS0kHQUcTCEioXc5F09nx8gb_EttznQJ_I9vWzMdCJnJg3ir-o5I-iEBjYV3ML22L7YMmlVFoGR0AeVTerzAFfo9g3rbbDM7QFMXivVK5L-xXxgoGYydcb5g1vXVUPJ4TbyYoXplNwDbFB7YsPUcL4avOKgj_PmFQSLXXa3L6fu_6yyHGdlo-k/s700/TNR%20Gold%20NW%20HT%2020.12,2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="494" data-original-width="700" height="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgckXjpfiS0kHQUcTCEioXc5F09nx8gb_EttznQJ_I9vWzMdCJnJg3ir-o5I-iEBjYV3ML22L7YMmlVFoGR0AeVTerzAFfo9g3rbbDM7QFMXivVK5L-xXxgoGYydcb5g1vXVUPJ4TbyYoXplNwDbFB7YsPUcL4avOKgj_PmFQSLXXa3L6fu_6yyHGdlo-k/w400-h283/TNR%20Gold%20NW%20HT%2020.12,2023.png" style="border: medium; position: relative;" width="400" /></a></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"> </span><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;" /><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm0vH1ZvJvmEkL1_x3hM7hNYCRIgMT-bP0d6gkGtZ9eHJv9wWALFaQS-yH2l7CJRj_7ef6YFLpqNcqum5hptt5oFzc44T4RoF05wZXBc89FoD7GKSF05o-Ii5TfzdeG379zUhlDiAs_nHwu0DyHVTQcgFoB1mEcrFKnh7thpvGdaV5jKigdLwExtXqry4/s2500/40Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm0vH1ZvJvmEkL1_x3hM7hNYCRIgMT-bP0d6gkGtZ9eHJv9wWALFaQS-yH2l7CJRj_7ef6YFLpqNcqum5hptt5oFzc44T4RoF05wZXBc89FoD7GKSF05o-Ii5TfzdeG379zUhlDiAs_nHwu0DyHVTQcgFoB1mEcrFKnh7thpvGdaV5jKigdLwExtXqry4/w400-h300/40Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>Central banks are buying a record amount of Gold</b></a> and China is increasing dramatically its officially announced Gold reserves. According to Statista, worldwide Gold demand amounted to 4,740.8 metric tons in 2022, an increase of 18.1% from 4,012.8 metric tons in the previous year. Total Gold demand was just below $300 Billion in 2022."</span></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNC9jHVBzaPqbXIoEHd0SgPKxXFMFZJP0kB8OAg-89-sAmU9-LtGvACKaPl53snvFKNhkkPLZEU0nZDm_AoeFw7J0pg2IYz2TSqVWkqeV0U6ukmFQu9o4SJg3AAthvGTUekjQH-bEr6R7UAUbeWxANE64deBC0DZHpj80U4AlESgI-Qg7ClpgjdYbbMp8/s2500/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNC9jHVBzaPqbXIoEHd0SgPKxXFMFZJP0kB8OAg-89-sAmU9-LtGvACKaPl53snvFKNhkkPLZEU0nZDm_AoeFw7J0pg2IYz2TSqVWkqeV0U6ukmFQu9o4SJg3AAthvGTUekjQH-bEr6R7UAUbeWxANE64deBC0DZHpj80U4AlESgI-Qg7ClpgjdYbbMp8/w400-h300/127Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>In 2022, worldwide Gold production stood at 3,100 metric tons</b></a>. Central Banks bought a record 1,136 metric tons of Gold and their demand soared to a 55-year high. The amount of above-ground reserves for Gold is estimated to be around 205,238 metric tons by the end of 2021, according to the World Gold Council. The total "Market Cap" of Gold can be estimated at roughly $13 Trillion."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;">The whole world will be probably shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><br style="font-size: 14.85px;" /><div class="separator" style="clear: both; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; text-align: center;"><div class="separator" style="clear: both; font-family: Arial, Helvetica, sans-serif; font-size: small;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><span style="font-family: inherit;"><span class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3" style="border: 0px solid black; box-sizing: border-box; caret-color: rgb(15, 20, 25); color: #0f1419; display: inline; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size-adjust: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-ligatures: inherit; font-variant-numeric: inherit; font-variant-position: inherit; font-variation-settings: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; text-overflow: unset; white-space: pre-wrap;">We have The Peak </span><span class="r-18u37iz" style="caret-color: rgb(15, 20, 25); color: #0f1419; flex-direction: row; text-align: start; white-space: pre-wrap;">Gold</span><span class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3" style="border: 0px solid black; box-sizing: border-box; caret-color: rgb(15, 20, 25); color: #0f1419; display: inline; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size-adjust: inherit; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-ligatures: inherit; font-variant-numeric: inherit; font-variant-position: inherit; font-variation-settings: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; text-overflow: unset; white-space: pre-wrap;"> Supply in place which will be driving the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and they will have to start looking more aggressively for new major Gold projects. </span></span></div><div class="separator" style="clear: both; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkmX4JLD7SH9YPoFDOliwY-hhKgofTN7y_xIzwpE9dXM7TYAV_tNd8QWRLJENLG4OZ_Mq9tW0JDxZqX2e4fNT-a2eET6uQGD2UKKQVeeSCS6EtXEhhKl2p8TUPRIA3JPlvFlfxIJWMRrWcTHPEY6aSjgWF_KBeohP71xfmcHyRt_mQFMqw6AsE8eDFlak/s2500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgkmX4JLD7SH9YPoFDOliwY-hhKgofTN7y_xIzwpE9dXM7TYAV_tNd8QWRLJENLG4OZ_Mq9tW0JDxZqX2e4fNT-a2eET6uQGD2UKKQVeeSCS6EtXEhhKl2p8TUPRIA3JPlvFlfxIJWMRrWcTHPEY6aSjgWF_KBeohP71xfmcHyRt_mQFMqw6AsE8eDFlak/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: justify;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://tnrgoldcorp.com/projects/shotgun-gold-alaska/" style="color: #6699cc; text-decoration: none;">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p></p><blockquote><p style="text-align: justify;"></p></blockquote></blockquote><p style="text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div style="caret-color: rgb(0, 0, 0); color: black; text-align: justify;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b><span style="font-family: inherit;">Kirill Klip, Executive Chairman</span></b></p><p style="text-align: right;"><b><span style="font-family: inherit;">TNR Gold Corp.</span></b></p></div></blockquote></div></div></div><p style="caret-color: rgb(0, 0, 0); color: black; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></p><div style="caret-color: rgb(0, 0, 0); color: black; font-family: Arial, Helvetica, sans-serif; font-size: small;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/6mbSw1p8MLzPRE?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(0, 0, 0); color: black; font-family: Arial, Helvetica, sans-serif; font-size: small; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-shotgun-gold-project-presentation-c738" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Shotgun Gold Project Presentation">TNR Gold Shotgun Gold Project Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(0, 0, 0); color: black; font-family: Arial, Helvetica, sans-serif; font-size: small; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(0, 0, 0); color: black; font-family: Arial, Helvetica, sans-serif; font-size: small; margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><b style="font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGOUNqMe6n31hX-Ul41pXcjS7cbxZQHqOrOlJNezB7Le9yS5BwNtMs5eQ8ftyqmKsHVSmMGEQ4KhEi38HcXBBNwt3hWwCuffLoZaHotuatyYgGXuRL7PWJyASrzO4q_0aH_xScTIBLszCPctCNZf34_lwujJDca83mkLIlFPQQ53yWDvB6jY1Dc4bAW2A/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; 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font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-7452523603005493671" itemprop="articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="font-size: 14.85px; text-align: start;"><b style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-size: 14.85px; font-weight: 400;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><blockquote>"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</blockquote></span></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-size: 14.85px; font-weight: 400;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. </span><span style="font-family: "Times New Roman", serif; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.</span><span style="font-family: inherit; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">Thank you for your support of TNR Gold!<o:p></o:p></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold.</span><span style="font-family: inherit; font-size: 14.85px;"> </span><span style="font-family: "Times New Roman", serif; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></span></div></div></div></div></div></div></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-32253350510178570642024-01-18T05:40:00.000-08:002024-01-18T05:40:40.524-08:00TNR Gold Announces Results of Annual General & Special Meeting<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjAKa0pfSb3rFHYEUDmMh_oE-zhyphenhyphenYgaOwio1YzJefYskEbbXlBm3_r9abLocYf1fCjndegDSkXqEYHndQZNi3650ts3ra7llNYJ9wQ7VkhXth_mogQkUWg4obasVEGoS0tJkFhDE6K4-3MLBZ0iq7SGrBAZWmkqixr8ecpiiFhZw84nueEQmssnO8ENy8/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjjAKa0pfSb3rFHYEUDmMh_oE-zhyphenhyphenYgaOwio1YzJefYskEbbXlBm3_r9abLocYf1fCjndegDSkXqEYHndQZNi3650ts3ra7llNYJ9wQ7VkhXth_mogQkUWg4obasVEGoS0tJkFhDE6K4-3MLBZ0iq7SGrBAZWmkqixr8ecpiiFhZw84nueEQmssnO8ENy8/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><p style="text-align: justify;"><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">"Vancouver, British Columbia – January 17, 2024: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;"> </span><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">(TSX-V: TNR)</strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;"> (“</span><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">TNR</strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">”, “</span><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">TNR Gold</strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">” or the “</span><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">Company</strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">”) is pleased to announce that all resolutions proposed at the Company’s annual general and special meeting of shareholders (“</span><strong style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">AGM</strong><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;">”) held on January 16, 2024 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. The renewal of the Stock Option Plan and adoption of <a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-adopts-shareholder-rights-plan.html"><b>the Shareholder Rights Plan</b></a> were also approved by the shareholders."</span></p><p style="text-align: justify;"><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;"><br /></span></p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMIGcV0RwNTBTT9BhY1eBkR_L6yOGjK6sRYnKNTVV11Erjmgm4t7FkkIBsW5jU8JpMxCMCesbyTLjUgdagZqFTkTrY1c-EQMXrUCJgNf5RUf45cyuk7hcP9iwJLUm6TL3Xw2V-dthglm890ao-fXDe_iYsRqUvsis6Dz24I-bTb3XomF9kwglpwAiHKK4/s3333/8TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMIGcV0RwNTBTT9BhY1eBkR_L6yOGjK6sRYnKNTVV11Erjmgm4t7FkkIBsW5jU8JpMxCMCesbyTLjUgdagZqFTkTrY1c-EQMXrUCJgNf5RUf45cyuk7hcP9iwJLUm6TL3Xw2V-dthglm890ao-fXDe_iYsRqUvsis6Dz24I-bTb3XomF9kwglpwAiHKK4/w400-h225/8TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><span style="caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px;"><br /></span><p></p><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html">Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtEP0fUUB4-1K83CSmUGDaakztV8SNHlo8rZZ3ClFmMojUW6aNibZzi3ZoecRBZ_igCN4yH33YNU5_0WxX4LeF5yjG6gakgqfIRaYMi5iUvm3M9kLXcY791VwvEJ-gUHFhOR6x4V4HkuJZMEhnBowQpWdwvN4yiAYEa6o5uxxA5vbFTvxHxYlDs2V0rW0/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtEP0fUUB4-1K83CSmUGDaakztV8SNHlo8rZZ3ClFmMojUW6aNibZzi3ZoecRBZ_igCN4yH33YNU5_0WxX4LeF5yjG6gakgqfIRaYMi5iUvm3M9kLXcY791VwvEJ-gUHFhOR6x4V4HkuJZMEhnBowQpWdwvN4yiAYEa6o5uxxA5vbFTvxHxYlDs2V0rW0/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; text-align: center;"><div><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</span></a></h3></div><div style="font-size: 14.85px; text-align: justify;"><br /></div><div style="font-size: 14.85px; text-align: justify;"><div class="separator" style="clear: both; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>The Green Energy Metals Royalty and Gold Company</b></a>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-size: 16.334999px; text-align: right;"><b></b></div></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div style="font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/x6QKtZMqEqTXmd?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-258583478" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="font-size: 14.85px; margin-bottom: 5px;"><br /></div><p style="font-family: "Times New Roman", serif; font-size: 14.85px; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"></span></p><div style="margin-bottom: 5px;"><div style="font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><p style="text-align: justify;"><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvl2XKX294ltUobmosaX65EGAm5cqB8BmbQ_8JP9XiTwVoKG3u7_qhLKNsF6nBRkdAAI9CpnZMQNE793w37tXC5JSIk3DO_NlbbAgsZQbWgCODnfPSlp1rOtVtuwE-lR56BhPkwmClgaaxDYbeDzhxUZ8WNwS8iuuZYPMLn5iRO-rQP3puwrDetmIcACI/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgvl2XKX294ltUobmosaX65EGAm5cqB8BmbQ_8JP9XiTwVoKG3u7_qhLKNsF6nBRkdAAI9CpnZMQNE793w37tXC5JSIk3DO_NlbbAgsZQbWgCODnfPSlp1rOtVtuwE-lR56BhPkwmClgaaxDYbeDzhxUZ8WNwS8iuuZYPMLn5iRO-rQP3puwrDetmIcACI/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="text-align: justify;"><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-size: medium;"><b>Proactive:</b></span></p><h1 class="h2 mb-2 mt-3" itemprop="headline" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-stretch: normal; line-height: 1.26; margin: 1rem 0px 0.5rem; position: relative;"><span style="font-size: large;"><a href="https://www.proactiveinvestors.co.uk/companies/news/1032511/tnr-gold-s-recent-rejection-of-a-takeover-bid-from-lithium-royalty-has-shone-a-spotlight-on-the-value-of-its-royalty-and-exploration-portfolio-1032511.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s recent rejection of a takeover bid from Lithium Royalty has shone a spotlight on the value of its royalty and exploration portfolio</a></span></h1><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-size: large;"><br /></span></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><span style="font-size: medium;"><a href="https://www.proactiveinvestors.co.uk/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;">Alastair Ford</a> </span></b></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><span style="font-size: medium;"><br /></span></b></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><b></b></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinNDMpwYRmlaGqrqyLDpujsabHh6iI-Ysne1_NN0ekulwW15u_jYWKWFq9VXhVU9CdMESyRHusfNCKeJXi2grLdtnBKdvQKyYjfn3wfRYqvbpBFTgDYppjAIhIXsglkEtWKwdCCmLAUn79C0tXiIgqi04_G1RrlxZ5GK-GGowdD65x_F7XtUM6YtqxoQE/s672/Lithium%20Alastair%20Ford%209.11.2023.jpeg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="331" data-original-width="672" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinNDMpwYRmlaGqrqyLDpujsabHh6iI-Ysne1_NN0ekulwW15u_jYWKWFq9VXhVU9CdMESyRHusfNCKeJXi2grLdtnBKdvQKyYjfn3wfRYqvbpBFTgDYppjAIhIXsglkEtWKwdCCmLAUn79C0tXiIgqi04_G1RrlxZ5GK-GGowdD65x_F7XtUM6YtqxoQE/w400-h198/Lithium%20Alastair%20Ford%209.11.2023.jpeg" style="border: medium; position: relative;" width="400" /></a></b></div><p style="text-align: justify;"><b style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><span style="font-size: medium;"><br /></span></b></p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">"It was a low-ball bid, and it was rejected.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But one thing the recent opportunistic offer for <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold</b></a> from <a href="https://www.proactiveinvestors.co.uk/TSE:LIRC/Lithium-Royalty-Corp/" style="box-sizing: border-box; color: #c55400; font-size: inherit; line-height: inherit; text-decoration: none;">Lithium Royalty Corp (TSX:LIRC)</a> did highlight is that people are beginning to smell value.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR’s portfolio of assets has always had a lot going for it.</b></a></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWQSONBWvfQ-4EQQ6Vzvk8rz7u1a5qptfM2xvk5dGC9WRYFRVA4JcOSTuRqFuyyOHySQ8vLg2-DbJw5BMcme_QQTV5iAWZ6evE0lUxXNIBaxHBthOY0iRDYEpUvKfXE5pC-u-DNnYYMCcl_f0i266a7tcwcTP3dImSL-uuYtbfaRql5jcdZRoIzQPERGY/s3333/34TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWQSONBWvfQ-4EQQ6Vzvk8rz7u1a5qptfM2xvk5dGC9WRYFRVA4JcOSTuRqFuyyOHySQ8vLg2-DbJw5BMcme_QQTV5iAWZ6evE0lUxXNIBaxHBthOY0iRDYEpUvKfXE5pC-u-DNnYYMCcl_f0i266a7tcwcTP3dImSL-uuYtbfaRql5jcdZRoIzQPERGY/w400-h225/34TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">It’s got a 1.35% royalty on a major lithium project in Argentina that’s currently being developed by Chinese champion Ganfeng.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">It’s got a 0.36% royalty on the giant Los Azules copper, gold and silver project, also in Argentia, that’s currently being worked up by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">It’s got a 7% net profits royalty on a Batidero I and II Properties of the Josemaria Project - significant Lundin development project in Argentina.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And separate to all that, it also owns the Shotgun gold project in Alaska, which could well turn out to hold several million ounces of gold.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjR8aOn6SIAo-L0M7G3KmYCxcRp2ydIWH5uHep6QnwZ9O5C07_TwMi8Rm1CSgB5I5Is4Yq0HAVIpxelKvGtMNdYYysjDYODNPRyJhqKFiAGN6m0gXv2UZJjpfX-aISVYhzD8Uf4dan1l3u1zTKm6oR-cELXRrTdLe4l2KkONv0jfdaBXNDZCGnGqU_NBoY/s3333/11TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjR8aOn6SIAo-L0M7G3KmYCxcRp2ydIWH5uHep6QnwZ9O5C07_TwMi8Rm1CSgB5I5Is4Yq0HAVIpxelKvGtMNdYYysjDYODNPRyJhqKFiAGN6m0gXv2UZJjpfX-aISVYhzD8Uf4dan1l3u1zTKm6oR-cELXRrTdLe4l2KkONv0jfdaBXNDZCGnGqU_NBoY/w400-h225/11TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Not surprisingly, Lithium Royalty was first attracted to TNR by the royalty on Ganfeng’s Mariana lithium project, which it subsequently bought a portion of.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But equally not surprisingly, once its attention had been drawn towards TNR, it wanted more.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">What seems to have happened, is that after an initial offer to buy the remainder of the Ganfeng royalty was rejected by TNR, Lithium Royalty decided to go all-in for the whole company. Certainly, at the current share price, the value on offer is fairly easy to demonstrate.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But TNR’s shareholders know that too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">It’s a company that’s fairly closely held, and which is run by a single-minded chief executive in the shape of Kirill Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">TNR is not for sale at bargain basement prices, he said.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgApafxXt-6fPbgneRbkRxUAJsALI-b_QCFTewMwEkZrz2w5DyyhUioxSc2W5LZoEWT_poYiAWNKSJdq3x4oQffmogVLUD_MR6nId7xyMGFj0ghFMPWHVudqKM21E2lcjyVx2Pmatz0UoWbia80_gxSZRLmP6q84Fn77-qyo1q3-zoNEx0PueiwX776Xp4/s1500/242KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgApafxXt-6fPbgneRbkRxUAJsALI-b_QCFTewMwEkZrz2w5DyyhUioxSc2W5LZoEWT_poYiAWNKSJdq3x4oQffmogVLUD_MR6nId7xyMGFj0ghFMPWHVudqKM21E2lcjyVx2Pmatz0UoWbia80_gxSZRLmP6q84Fn77-qyo1q3-zoNEx0PueiwX776Xp4/w400-h300/242KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And in any case, for now at least, <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;"><b>TNR wants to hold onto its royalty on Mariana</b></a>. The reason it did sell a portion of it was to pay down debt. But now, TNR looks cashed up to last it through to first income from the Ganfeng royalty itself. There’s no reason to sell. And especially not at a lowball price.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">On the other hand, though, think back to when Klip sold the first part of the royalty. Back then, the lithium price was trading up at around US$80,000 per tonne, a country mile away from where it is now. That deal now looks well vindicated, although he did face some blowback at the time.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Now, though, with lithium on the floor, with cash in the bank, and value also available from gold and copper assets, is not the time to sell.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="72726" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative;">Unrecognized value</h3><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">A recently published <a href="https://tnrgoldcorp.com/analyst-coverage/" style="color: #6699cc; text-decoration: none;"><b>research report on TNR, written by Fundamental Research Corp</b></a>, reckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Were it to start to move towards the Fundamental Research price target, then perhaps Klip might reconsider his unwillingness to sell.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But until then, there’s still too much unrecognised value still inside the company that needs to be husbanded.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Even on a back-of-an-envelope basis this is fairly easy to demonstrate.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Let’s start from the top.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">The current market capitalisation of TNR Gold is just over C$10mln.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAyzIWhKxTylJRYRPfiWCayeIi2HWtKX00IbgnFy8pHtQzVsYy_2OCs88VmZS3k9QXn230thRgk6mk1AFNZDqQfjEW8QTGNGmQ2gspLbA_bnQVrLnzPa2InyFUdtXpFiRyLQrXTdby-mVLwiy_5rUCdtQGV1tJG4jssrXgg8lp9dc3N1diIASxuLh0BBk/s2500/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAyzIWhKxTylJRYRPfiWCayeIi2HWtKX00IbgnFy8pHtQzVsYy_2OCs88VmZS3k9QXn230thRgk6mk1AFNZDqQfjEW8QTGNGmQ2gspLbA_bnQVrLnzPa2InyFUdtXpFiRyLQrXTdby-mVLwiy_5rUCdtQGV1tJG4jssrXgg8lp9dc3N1diIASxuLh0BBk/w400-h300/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And towards the end of last year, Lithium Royalty paid it US$9mln for a 0.5% royalty in the Mariana project. TNR retains a 1.35% royalty, and also holds 0.15% on behalf of a shareholder. What’s that worth, now that Mariana is less than a year away from production?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Probably not much less than C$9mln, even allowing for the subsequent decline in the lithium price. After all, lithium could come back, the royalty remains in place, and a year is not long to wait in mining terms, assuming there are no delays.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Even if it’s just the 0.45% royalty that TNR is likely to be left with if Ganfeng exercises its right to acquire the other 1% that TNR owns, that should still prove lucrative enough.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Assuming a long-term lithium price of US$40,000 per tonne, pre-tax income is likely to amount to US$3.6mln a year.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Equally, if the price returns to anything like the levels it was at last year, that number rises to over US$7mln per year.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtrkC-tYwgNyJRtusuqCCCI4CvFyG3E_2SrNlshvq4rz-tdCFSDHAWaYT-ztPz1Jxf8_ZjBURB_H4eUbFXFiKwOns5brzVdUnI6NA_LMFDA0suIs50dYqxyaeT-AverpK8IW1FDYgEI_ZGnMInXoALNl1D_9o2aOqg03GhWbL6-YEGKkH4m9nxYGxePjA/s3333/40TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtrkC-tYwgNyJRtusuqCCCI4CvFyG3E_2SrNlshvq4rz-tdCFSDHAWaYT-ztPz1Jxf8_ZjBURB_H4eUbFXFiKwOns5brzVdUnI6NA_LMFDA0suIs50dYqxyaeT-AverpK8IW1FDYgEI_ZGnMInXoALNl1D_9o2aOqg03GhWbL6-YEGKkH4m9nxYGxePjA/w400-h225/40TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And there’s likely to be more to come from Mariana, perhaps even before first production. An additional C$0.9mln will come into TNR if Ganfeng exercises its option to buy a further 1% of the royalty back off TNR, and the chances are, with a project this size, that it will. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But is the Mariana royalty even the best asset inside TNR?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgedsApdcG8XxUogFVCrR8mLVl84cSPiAVHUPlk3nunvrWc9mPX7V2U6I6KPteuVMCNi1i4YlQv1DOx8DbjQLgJI2m0PSlTRUDMRjl-aevYtZJSjkotbEfFvIzlY4w_cccw22usVEDnTCq95DBmw5W60wUZFUDrzLfF7STV-mL2mKC_7pPZH5thgEGty40/s3333/1TNR%20Gold%20Los%20Azules%20Copper%20Royalty%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgedsApdcG8XxUogFVCrR8mLVl84cSPiAVHUPlk3nunvrWc9mPX7V2U6I6KPteuVMCNi1i4YlQv1DOx8DbjQLgJI2m0PSlTRUDMRjl-aevYtZJSjkotbEfFvIzlY4w_cccw22usVEDnTCq95DBmw5W60wUZFUDrzLfF7STV-mL2mKC_7pPZH5thgEGty40/w400-h225/1TNR%20Gold%20Los%20Azules%20Copper%20Royalty%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Arguably not, since <a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-nsr-royalty-on-los-azules.html" style="color: #6699cc; text-decoration: none;"><b>the Los Azules royalty</b></a>, according to some calculations, may be worth as much as US$30mln. <a href="https://kirillklip.blogspot.com/2023/01/tnr-gold-royalty-holding-rob-mcewen.html" style="color: #6699cc; text-decoration: none;"><b>Rob McEwen himself holds a 1.25% NSR royalty over Los Azules</b></a>, and he’s been putting some pretty punchy numbers around his own interest in his recent video presentations.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="96725" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative;">Revenue potential</h3><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">On the assumption of production of 182,000 tonnes of copper per year from Los Azules, and a ballpark copper price of US$10,000 per tonne, TNR could end up receiving income of upwards of US$6.6mln per year from its royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJyh_QyQRPPeiacCt_sdmayG9r71F36EZvUmUkZZ6eC5kTKJmEjvr5maYU9Yin5T2albCzSrbvAaP5TxNolmQyXlXZFGcdulALCwUKXVpiGhtNA4VUB5EZKOIFDfOd2sxGqiApmKOTV0-bSCyy3KpDij-6cYYkKgoS3uTfgxA8qhHiwxW0dqX_wdU-sgw/s3333/323TNR%20Gold%20Investor%20Presentation%20July%202023%20Website%20Draft.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjJyh_QyQRPPeiacCt_sdmayG9r71F36EZvUmUkZZ6eC5kTKJmEjvr5maYU9Yin5T2albCzSrbvAaP5TxNolmQyXlXZFGcdulALCwUKXVpiGhtNA4VUB5EZKOIFDfOd2sxGqiApmKOTV0-bSCyy3KpDij-6cYYkKgoS3uTfgxA8qhHiwxW0dqX_wdU-sgw/w400-h225/323TNR%20Gold%20Investor%20Presentation%20July%202023%20Website%20Draft.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">There are different ways of valuing that, of course, given that more work is needed to get Los Azules into production, but on the basis of what Lithium Royalty paid for its Mariana royalty, the market’s discounting of Los Azules to virtually zero seems overly harsh.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB2iA-7GZ0WPust4It1ifTr4zvMKyy1grnAI7J0omIZvsouvs62kcfk5qlyo90XBhxBDqRctvCL-Lp_PF3060Fw4moI2gofE6cHwoFvwZv1KvP_0yOc4vebq_VqDwc_pYhYnwmnptCZT7WYBvb43b3tnWvsIt7866fNgqw8QjRTkS-6ahwF-m4Cl0aJtI/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB2iA-7GZ0WPust4It1ifTr4zvMKyy1grnAI7J0omIZvsouvs62kcfk5qlyo90XBhxBDqRctvCL-Lp_PF3060Fw4moI2gofE6cHwoFvwZv1KvP_0yOc4vebq_VqDwc_pYhYnwmnptCZT7WYBvb43b3tnWvsIt7866fNgqw8QjRTkS-6ahwF-m4Cl0aJtI/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Then there’s the potential value for Shotgun in Alaska. This is a bit more subjective, as the exploration potential remains to be meaningfully quantified. But it’s certainly substantial.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Klip does have some room for manoeuvre here, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ0ug0XpgkhMSKGGg3bsF62DomjwJCnPcLbimhrDkv6NgXWd_j8hKn0bPsKyO4u5BdgZUnPhTTbvR0tyMJSp3wvnom0UtfWAzu2QSoo7Q8b5RwMZ-1HL7LX4nxzn70eD7PdJoOuIZeBbT3ji7DVTFZ86Sjg51lO4bv34SSpFJ4yryaCVphEGGQEUuF1UM/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJ0ug0XpgkhMSKGGg3bsF62DomjwJCnPcLbimhrDkv6NgXWd_j8hKn0bPsKyO4u5BdgZUnPhTTbvR0tyMJSp3wvnom0UtfWAzu2QSoo7Q8b5RwMZ-1HL7LX4nxzn70eD7PdJoOuIZeBbT3ji7DVTFZ86Sjg51lO4bv34SSpFJ4yryaCVphEGGQEUuF1UM/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. </b></a>‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Klip is reckoning on the best possible outcome for Shotgun – a possible spin-out into a standalone vehicle after a joint venture with a major mining company.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="138175" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-recent-on-screen8377192_139="138175" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative;">TNR's response</h3><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Given all that, was Lithium Royalty’s C$0.08 offer really realistic?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">“We will properly entertain any reasonable offer,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And to do so, he’s set up a special committee. He’s also set up a shareholder rights plan, so no opportunist can creep up to over 20% and slide the company away from its existing owners.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">But the real message is that TNR does hold genuine value.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">Plenty of it.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">In a diversified portfolio in more than one jurisdiction.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">And in metals that will be required for the greening of the economy and for hedging against inflation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;">On a reasonable valuation the company is more than likely to attract further interest in due course. Klip will be ready. He is prepared to cut deals. But at the right price."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJx9GtEM9tdkkKYikyJrg_jh0uLnc5YMkvouZLc4gWrIreeHh7cVreT9cv2AUGu6Ly3o8IpmKk9ERlDzIAea2QYWU4MuTeafcTXx1GudaJpWwphOYiaUJG9GNoyUDeghRiMYGTI57hxLy46wQJ6EZdZGwNjj09Nwfqaybz63VjAqQ2QdgAMDU14aqjYfg/s3333/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgJx9GtEM9tdkkKYikyJrg_jh0uLnc5YMkvouZLc4gWrIreeHh7cVreT9cv2AUGu6Ly3o8IpmKk9ERlDzIAea2QYWU4MuTeafcTXx1GudaJpWwphOYiaUJG9GNoyUDeghRiMYGTI57hxLy46wQJ6EZdZGwNjj09Nwfqaybz63VjAqQ2QdgAMDU14aqjYfg/w400-h225/2TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="-webkit-text-stroke-width: 0px; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; font-style: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: auto; text-align: center; text-decoration: none; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;"><b></b></p><p style="text-align: center;"></p><div style="text-align: justify;"><b><span style="font-size: medium;">TNR Gold:</span></b></div><div style="text-align: justify;"><br /></div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><div style="text-align: justify;"><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin-bottom: 0.67em; margin-top: 0.67em; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold Announces Results of Annual General & Special Meeting</strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – January 17, 2024: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that all resolutions proposed at the Company’s annual general and special meeting of shareholders (“<strong style="box-sizing: border-box;">AGM</strong>”) held on January 16, 2024 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. The renewal of the Stock Option Plan and adoption of the Shareholder Rights Plan were also approved by the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ7ZZItGIezHUpCfHwNn41e0l8ml1ko5-VhhhyphenhyphenY2xqJajCOrtfblh3WdhIFwyTz9Ayn84psuk54jVu5opW4YhHOyT0BkEUZJe5-ib5-3LoWhP7VtylcLcMp7bWyU0a6pMtKJie5dSf6jD_jsnd-koRM8kvo2mgHLZELYxGJBvKtEg_DNUl6lP-GRU8YAA/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ7ZZItGIezHUpCfHwNn41e0l8ml1ko5-VhhhyphenhyphenY2xqJajCOrtfblh3WdhIFwyTz9Ayn84psuk54jVu5opW4YhHOyT0BkEUZJe5-ib5-3LoWhP7VtylcLcMp7bWyU0a6pMtKJie5dSf6jD_jsnd-koRM8kvo2mgHLZELYxGJBvKtEg_DNUl6lP-GRU8YAA/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 24px; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; text-align: justify;"><a href="https://tnrgoldcorp.com">ABOUT TNR GOLD Corp.</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></div><strong style="box-sizing: border-box;"><div style="text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div></strong><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">www.tnrgoldcorp.com</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR’s corporate objectives, changes in share capital, market conditions for energy commodities, the successful completion of sales of portions of the NSR royalties and decisions of the government agencies and other regulators in Argentina. 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 profile on www.sedar.com. 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 be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financings will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. </em><em style="box-sizing: border-box;">TNR 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 challenging in the future the ownership of such mining claims.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDoq3xqsMvX05DezvbVjEfoJTVBPY_s3NxeMdbObRaO2r1gHyRO8Lc7om_Vqzz8ocZEiZoEb5qsbHVwizc6x7bcNo5mIoxa47s8s5dYqUB9TmiIC_vv3u0nLhoVuAnd9zJHYIHVQ9Xz7cA0JjWCz7BbWgU1aT6NgC39m5x7RB0w6hRprTm7nv09a1y558/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhDoq3xqsMvX05DezvbVjEfoJTVBPY_s3NxeMdbObRaO2r1gHyRO8Lc7om_Vqzz8ocZEiZoEb5qsbHVwizc6x7bcNo5mIoxa47s8s5dYqUB9TmiIC_vv3u0nLhoVuAnd9zJHYIHVQ9Xz7cA0JjWCz7BbWgU1aT6NgC39m5x7RB0w6hRprTm7nv09a1y558/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-64078944598246441322024-01-12T04:05:00.000-08:002024-01-22T03:23:29.014-08:00TNR Gold Bought 5,056,000 Shares Under Normal Course Issuer Bid<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjafl1KrC6KnTvfa2onQJr0nIVlLH172bl6G9wYWQcmTsKS-fDM5XBpcwMAFj2XxhG_pLR615oK0lEvvjCDMUlailhDzL8RoalEWB5YwhPidEwoXvPVPfPqHNU1o5ESHSD6Qk_DH2UWlQWSO7P-xVk2Ib7MCvIwa-JNMEL1_Oh7f9L6EBnMnaAWWcaB39A/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjafl1KrC6KnTvfa2onQJr0nIVlLH172bl6G9wYWQcmTsKS-fDM5XBpcwMAFj2XxhG_pLR615oK0lEvvjCDMUlailhDzL8RoalEWB5YwhPidEwoXvPVPfPqHNU1o5ESHSD6Qk_DH2UWlQWSO7P-xVk2Ib7MCvIwa-JNMEL1_Oh7f9L6EBnMnaAWWcaB39A/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p style="text-align: center;"><br /></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><span style="box-sizing: border-box;">"<b><a href="https://kirillklip.blogspot.com/2023/12/tnr-gold-corp-executive-chair-reports.html">TNR Gold shareholders are well-informed</a></b> about the potential valuations of our assets as we build <strong style="box-sizing: border-box;">the</strong> Green Energy Metals Royalty and Gold Company.</span></p><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;">The bottom line is, we believe we can deliver a lot more value for our shareholders.</span></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box; text-align: start;">Using this opportunity, we would like to thank all our shareholders for their support of the TNR Gold team and our Company.</span>"</span></p></div></blockquote><div style="text-align: justify;"><div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"></span></p></div><p style="text-align: center;"></p><div style="text-align: center;"><br /></div><p style="text-align: start;"></p><div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/YQy_Svv2h1U?si=pEjBJhDShaaDkQyd" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">“We are building <a href="https://tnrgoldcorp.com"><b><span style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company</b></a>”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;">TNR does not have to contribute any capital for the development of the Mariana Lithium Project, Los Azules Copper Project and Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p></div><div style="text-align: center;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;" /><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><br /></div><h1 class="title fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="46px" style="box-sizing: border-box; color: #ff6600; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 34px; line-height: 1.38; margin: 0.67em 0px; position: relative; text-align: start;"><span style="box-sizing: border-box;"><span style="font-family: georgia;">TNR GOLD CORP.</span></span></h1><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: 400; line-height: 1.13; margin: 0em 0px 1.1em; position: relative; text-align: start; text-transform: uppercase;"><span style="font-family: georgia;"><span style="box-sizing: border-box; color: #ff6600;"><span style="box-sizing: border-box; font-weight: 700;">></span> <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">THE</em></span> GREEN ENERGY METALS ROYALTY </span><span style="box-sizing: border-box; color: #ff6600;">AND GOLD </span><span style="box-sizing: border-box; color: #ff6600;">COMPANY.</span></span></h2><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><span style="box-sizing: border-box; color: #ff6600;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">"<a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> is working to become <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-six 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 the Los Azules Copper Project in Argentina among many others have been recognized.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<span style="box-sizing: border-box; font-weight: 700;">LMA</span>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b>* measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/11/powered-by-tesla-energy-revolution-tnr.html">Los Azules Copper Project</a></b>** indicated resource: 10.2 B lbs copper, 1.7 Moz gold and 55.7 Moz silver with the additional inferred resource: 19.3 B lbs copper, 3.8 Moz gold and 135.4 Moz silver.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty (“NPR”) holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html">Shotgun Gold Project</a></b>*** inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">* “NI 43-101 Technical Report Update of Lithium Brine Mineral Resources; Mariana Project, Salar de Llullaillaco, Argentina” dated January 12, 2020. Prepared by Geos for Ganfeng Lithium.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">** “NI 43-101 Technical Report – Preliminary Economic Assessment Update for the Los Azules Project, Argentina” dated October 16, 2017. Prepared by Hatch for McEwen Mining.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">*** “NI 43-101 Technical Report on the Shotgun Gold Project, Southwest Alaska” dated May 27, 2013. Prepared by Nicholas Wyck and Allan Armitage for TNR Gold."</em></p></span></div><p style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: justify;"><br class="Apple-interchange-newline" style="text-align: start;" /></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; margin-bottom: 5px;"><div><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><i><br /></i></b></div><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></b></div></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div style="text-align: justify;"><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/12/tnr-gold-corp-executive-chair-reports.html">TNR Gold Corp Executive Chair Reports on an "Important Year" for the Business</a></h3><div><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT_eb7NubCRF1-sVWGa6I5TVDGLTa1F7lEwldQahDF7BFcdwCmTorC93SPL7jolHLq2bDriYdjqkCnznZTYbEk0S36O41saPiDXKkj6H8ER90CCBSE8pv1mHCg2giEvOReg4oqvX2SXkLWoQfz7IlmdeQZE1ojO1wAgnAFuPhrt4FNAjXPJgEA1FaBEK4/s1122/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="636" data-original-width="1122" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiT_eb7NubCRF1-sVWGa6I5TVDGLTa1F7lEwldQahDF7BFcdwCmTorC93SPL7jolHLq2bDriYdjqkCnznZTYbEk0S36O41saPiDXKkj6H8ER90CCBSE8pv1mHCg2giEvOReg4oqvX2SXkLWoQfz7IlmdeQZE1ojO1wAgnAFuPhrt4FNAjXPJgEA1FaBEK4/w400-h226/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" width="400" /></a></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><b><span style="font-size: medium;">TNR Gold:</span></b></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><strong style="box-sizing: border-box;">NEWS RELEASE</strong></p><h1 class="fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="47.939999px" style="box-sizing: border-box; color: #ff6600; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 34px; font-weight: 400; line-height: 1.41; margin-bottom: 0.67em; margin-top: 0.67em; text-align: center;"><strong style="box-sizing: border-box;">TNR Gold Bought 5,056,000 Shares Under Normal Course Issuer Bid </strong></h1><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">"Vancouver, British Columbia – January 11, 2024: <a href="https://tnrgoldcorp.com">TNR Gold Corp.</a></strong> <strong style="box-sizing: border-box;">(TSX-V: TNR)</strong> (“<strong style="box-sizing: border-box;">TNR</strong>”, “<strong style="box-sizing: border-box;">TNR Gold</strong>” or the “<strong style="box-sizing: border-box;">Company</strong>”) is pleased to announce that the Company bought 5,056,000 shares under its normal course issuer bid in 2023.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><a href="https://kirillklip.blogspot.com/2023/06/tnr-gold-shares-details-behind-latest.html"><b>As announced on June 1, 2023</b></a>, TNR Gold is conducting a normal course issuer bid (the “<strong style="box-sizing: border-box;">Bid</strong>“) pursuant to which the Company may purchase up to a maximum of 9,548,639 common shares of the Company (the “<strong style="box-sizing: border-box;">Shares</strong>”), representing approximately 5% of the Company’s outstanding Shares. No more than 2% of the outstanding Shares may be purchased in any 30-day period.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company intends to terminate the Bid on or about June 4, 2024. Purchases pursuant to the Bid are being made from time to time by PI Financial Corp. on behalf of the Company through the facilities of the TSX Venture Exchange. Shares purchased will be paid for with cash available from the Company’s working capital. All Shares purchased pursuant to the Bid will be returned to treasury as authorized and unissued shares.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">The Company is of the view that the recent market prices of its Shares do not properly reflect the underlying value of the Shares. No insiders of the Company intend to participate in the Bid.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpMUgPwpKOEFZs2CUp9Sm9FZboEmLj8xhh6VFThuu4pGO0-5oYaZrcTSpfEhAHDC1KaipuV9AE8jOZOZMRo9BkTf3BXIfDVL7B3NaFc9MIwuLNL2bV8Jpv-a9pfVyDApLST9AcFyNNTk8d03wqsirfGItR0VQiUvvw3A6sbTRPkR8o85gbBIoOOQ-Lbw/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhRpMUgPwpKOEFZs2CUp9Sm9FZboEmLj8xhh6VFThuu4pGO0-5oYaZrcTSpfEhAHDC1KaipuV9AE8jOZOZMRo9BkTf3BXIfDVL7B3NaFc9MIwuLNL2bV8Jpv-a9pfVyDApLST9AcFyNNTk8d03wqsirfGItR0VQiUvvw3A6sbTRPkR8o85gbBIoOOQ-Lbw/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">“We are building <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our Shares do not properly reflect the underlying value of the Shares and the normal course issuer bid allows us to purchase Shares in the market to help increase the shareholder value for the shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">We are very pleased that the Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward towards our first NSR royalty cash flow payments from Mariana Lithium Project.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR does not have to contribute any capital for the development of the Mariana Lithium Project, Los Azules Copper Project and Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fYORwEjNNa4p0gAS1hlpVPBy7WRzQjap3pf-LipJSWjL3w1C0b23hfjc74VTw-klUGVpufDSHEETRqFfXzweCUxtj7ufMqkhKXL1MGb4bJbmjEVBe8zqlWKMnEsWiZaqX14Rw2MCnWqcFVqvSr9oeZUkLAVW5W90yjMalaFlKjZhJ_8SJRs3NuTmk2Y/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi9fYORwEjNNa4p0gAS1hlpVPBy7WRzQjap3pf-LipJSWjL3w1C0b23hfjc74VTw-klUGVpufDSHEETRqFfXzweCUxtj7ufMqkhKXL1MGb4bJbmjEVBe8zqlWKMnEsWiZaqX14Rw2MCnWqcFVqvSr9oeZUkLAVW5W90yjMalaFlKjZhJ_8SJRs3NuTmk2Y/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"><br /></p><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27.120001px" style="box-sizing: border-box; color: #333333; font-family: Spinnaker, Arial, Helvetica, sans-serif; font-size: 24px; line-height: 1.13; margin: 0em 0px 1.1em; padding-bottom: 0px; text-align: start;"><a href="https://tnrgoldcorp.com">ABOUT TNR GOLD Corp</a></h2><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR Gold Corp. is working to become <strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">the</em></strong> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-eight 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<strong style="box-sizing: border-box;">LMA</strong>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">On behalf of the Board of Directors,</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;">Kirill Klip</strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"></p><div style="text-align: justify;"><strong style="box-sizing: border-box;">Executive Chairman</strong></div><div style="text-align: justify;">www.tnrgoldcorp.com</div><p></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">For further information concerning this news release please contact Kirill Klip +1 604-229-8129</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">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.</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><strong style="box-sizing: border-box;"><em style="box-sizing: border-box;">Cautionary Statement Regarding Forward-Looking Information</em></strong></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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,</em> <em style="box-sizing: border-box;">although not all forward-looking statements contain these identifying words. Specifically, forward-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. 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. </em><em style="box-sizing: border-box;">TNR 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.</em> <em style="box-sizing: border-box;">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.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">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 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."</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: start;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMrIw22yvBVT09j_KDhdjVcoK09YajzyyCXwp8MC-fePM8OC3b_DPhrIZV3G_W5teBiJYmZaOuTcjd9WHv3VSTsQa0t7VlSaEBhjaaXPI7S2z2ryjKQAgx17J9C4ffxll4PGwBylMiGreW-N8G2O2UASyV_0ZXRRHJazfsXJcVmk5ffRY-QAQo_JAQSKk/s3333/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMrIw22yvBVT09j_KDhdjVcoK09YajzyyCXwp8MC-fePM8OC3b_DPhrIZV3G_W5teBiJYmZaOuTcjd9WHv3VSTsQa0t7VlSaEBhjaaXPI7S2z2ryjKQAgx17J9C4ffxll4PGwBylMiGreW-N8G2O2UASyV_0ZXRRHJazfsXJcVmk5ffRY-QAQo_JAQSKk/w400-h225/4TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p></p></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-78833059315669299472024-01-07T04:15:00.000-08:002024-01-08T06:00:44.731-08:00TNR Gold: Building the Green Energy Metals Royalty Story in Argentina - the New Powerhouse of rEVolution<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfoKAO6fHqkhljukJNnqMYrAPT0VRcjAqi6TwlABtu48iOKHPA6QIn3Vz0dJ0K6ePm4Z3HTP165YudW1pgME7fegCX-lxeeY2QwBpAmrBXOdHWxKhu5bt8LMZwOLk-OqHYhH7DcMGs-2dntQQ62Exj6s9oE1KUhe8Z8kTrt2ZEgF1nnZcnsEs04ZThb4M/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgfoKAO6fHqkhljukJNnqMYrAPT0VRcjAqi6TwlABtu48iOKHPA6QIn3Vz0dJ0K6ePm4Z3HTP165YudW1pgME7fegCX-lxeeY2QwBpAmrBXOdHWxKhu5bt8LMZwOLk-OqHYhH7DcMGs-2dntQQ62Exj6s9oE1KUhe8Z8kTrt2ZEgF1nnZcnsEs04ZThb4M/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b>Guest post:</b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b><span style="font-size: large;">TNR Gold: Building the Green Energy Metals Royalty Story in Argentina - the New Powerhouse of rEVolution</span></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><span style="font-family: inherit;"><br /></span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b style="color: #6699cc;"><a href="https://www.linkedin.com/in/konstantin-klip-bb98b887/" style="color: #6699cc; text-decoration: none;">Konstantin Klip</a></b></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Energy transition to renewables has High Materials Intensity, of which copper (at 5x more intensity) is a major constituent and a common denominator across *all* technologies. Bet on precedent; global copper production has only managed to double every 25 years…</div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9Z-yixMFb_tIAkS1cF8lFP2fzje4xxp8dsGZh_z6Zm4kuM1KI_xENCFnD8T8ZaBirSf9YkfDBsQGGnxzJcPlgvvkoNqpG7OtK3ltwe56ZEAhLk-dpyernkljOXWZ9TyAPPWsZ3L_AtiN9_smeZ2XAULX7yLAFN4OPaeJCYZ672cr4FqIGDO1QLOwa2lo/s1824/Screenshot%202024-01-07%20at%2014.38.36.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1824" data-original-width="1210" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9Z-yixMFb_tIAkS1cF8lFP2fzje4xxp8dsGZh_z6Zm4kuM1KI_xENCFnD8T8ZaBirSf9YkfDBsQGGnxzJcPlgvvkoNqpG7OtK3ltwe56ZEAhLk-dpyernkljOXWZ9TyAPPWsZ3L_AtiN9_smeZ2XAULX7yLAFN4OPaeJCYZ672cr4FqIGDO1QLOwa2lo/w425-h640/Screenshot%202024-01-07%20at%2014.38.36.png" width="425" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Kirill has spent many hours writing how "<a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html"><b>Argentina has everything to become the Power House of the Tesla Energy rEVolution.</b></a>" And we have seen that money, sense and Mandarin are flooding into Argentina as step after step it positions itself on the politically strategic tightrope to supply the copper and lithium commodity deficit devoured by green electric transportation.</div><div style="text-align: justify;"><br /></div><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5CCOojVJjFQlX5w2d-_WyXCCPvCKeIX6aBiHICS-gNX621ceeKvOYMZttdER4DP03dweLSVaqSvr2Y_AUEPSjkCZlcTGX9WSVjwveKkuvE8HAT2TiC7HDeoo5fHgPmCvwBdLzPYFnnSaO5rpgOThRnuiTURv6iZKbRbyV4_e7ajwZ5Aj_2QRhSOsyGMw/s3333/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi5CCOojVJjFQlX5w2d-_WyXCCPvCKeIX6aBiHICS-gNX621ceeKvOYMZttdER4DP03dweLSVaqSvr2Y_AUEPSjkCZlcTGX9WSVjwveKkuvE8HAT2TiC7HDeoo5fHgPmCvwBdLzPYFnnSaO5rpgOThRnuiTURv6iZKbRbyV4_e7ajwZ5Aj_2QRhSOsyGMw/w400-h225/151TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">As I wrote before, if <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html"><b>TNR Gold can do one thing well</b></a>, it's to identify underappreciated assets and squat on them until pop hype and fanfare wake up the hatchling within. But there’s a certain poetry to this business model; TNR must be warmed in turn by those looking for underappreciated assets, so participating in this type of venture requires a certain kind of paternal patience, no matter the blizzard coming.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7YvpqRdugV6Yl2CoYjkyJHBVIijeydUaVumKf9wKp2u9DHJwEzc_3EV3yuOCTZhmJ1ww1pK3hKUZDdUh_5sbB7snt9LodXuoyLKXqTkdGBE-pnxx2NJ3HydkleTtFNpC5_rsLQpCAfJ1oA17Uktfo-V8cVP3ybALKNXX8Y8o2gaRfzl-YGNZhUy8vZzg/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7YvpqRdugV6Yl2CoYjkyJHBVIijeydUaVumKf9wKp2u9DHJwEzc_3EV3yuOCTZhmJ1ww1pK3hKUZDdUh_5sbB7snt9LodXuoyLKXqTkdGBE-pnxx2NJ3HydkleTtFNpC5_rsLQpCAfJ1oA17Uktfo-V8cVP3ybALKNXX8Y8o2gaRfzl-YGNZhUy8vZzg/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><blockquote style="text-align: justify;">"A recently published <a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html"><b>research report on TNR, written by Fundamental Research Corp</b></a>, reckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." <b>Alastair Ford</b></blockquote><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu87QVLoL-smRcTwSR8pQT5Wexr_1IIbC5ue75PJ20m8ansWE7-fvstcUFuFvVHV34xczFg7NruthqGQIxAwHPMQ9HtmG6-ZYeHUkb5C0dDTrDF-zmrYlC9RwcIis_kKM1GpnIztkIbPdtVz7HJOH9eCDHkGlH1hPEj0VuUD8vcSxTJShWwfyEwFZaq70/s700/TNR%20Gold%20NW%20HT%204.01.2024.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="603" data-original-width="700" height="345" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgu87QVLoL-smRcTwSR8pQT5Wexr_1IIbC5ue75PJ20m8ansWE7-fvstcUFuFvVHV34xczFg7NruthqGQIxAwHPMQ9HtmG6-ZYeHUkb5C0dDTrDF-zmrYlC9RwcIis_kKM1GpnIztkIbPdtVz7HJOH9eCDHkGlH1hPEj0VuUD8vcSxTJShWwfyEwFZaq70/w400-h345/TNR%20Gold%20NW%20HT%204.01.2024.png" width="400" /></a></div><div style="text-align: center;">Chart by Nicholas Winton</div><div style="text-align: center;"><br /></div><div><div style="text-align: justify;">Core management at TNR Gold has displayed an unassailable tact in its decision-making; from closing a deal just prior to a lithium price crash to choosing the projects in the correct nation and with the correct partners amidst a torrent of noise present in the lithium market.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBxBGCwJJ5FIwOniCYYSowopO0ZtEiovUq-BZ7FS0b3Ka5WOarFVrYOmVYC-rrafZ31fjRjVc5QlEyQiS6Vhf8lM29dA_E3cS1-27AayToZSZRz4AcTdi3Lj4nUBdr8U5J6YhbEUpPZ9nLB8s_XR5ED0z5xlJcHWxm7P5bv7Kv1xJqQ3ITQEAT0j2Zkt4/s2500/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBxBGCwJJ5FIwOniCYYSowopO0ZtEiovUq-BZ7FS0b3Ka5WOarFVrYOmVYC-rrafZ31fjRjVc5QlEyQiS6Vhf8lM29dA_E3cS1-27AayToZSZRz4AcTdi3Lj4nUBdr8U5J6YhbEUpPZ9nLB8s_XR5ED0z5xlJcHWxm7P5bv7Kv1xJqQ3ITQEAT0j2Zkt4/w400-h300/238KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><a href="http://kirillklip.blogspot.com/2023/02/tnr-gold-closes-partial-mariana-lithium.html"></a><blockquote style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html"><b>We have closed our Mariana Lithium NSR deal with Lithium Royalty Corp.</b></a> Now TNR Gold is in a strong financial position. By monetising only part of our Royalty we have confirmed an important benchmark for the valuations of our Royalty Holdings for the market. During our negotiations, we have generated a significant industry interest in our Company and TNR Gold's assets."</blockquote><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBZuCLKgBRGVs0wGvL0-XV18BO1n1W-9FmDsa4AjOcKFaZCtyGEzc_j3F_ElxLqA9v_iXqHk4pWjPxtNvNHuesrZfdKV2t-aexU3LlUeTkz4xEazyyVTgftHlt2-2qhWDV7VgHvwoWA1wH_DLLgAiCbRVQkhW1NNnKktATIb1A-9Ps4ZmRwC0k_1nHf6U/s2500/17KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiBZuCLKgBRGVs0wGvL0-XV18BO1n1W-9FmDsa4AjOcKFaZCtyGEzc_j3F_ElxLqA9v_iXqHk4pWjPxtNvNHuesrZfdKV2t-aexU3LlUeTkz4xEazyyVTgftHlt2-2qhWDV7VgHvwoWA1wH_DLLgAiCbRVQkhW1NNnKktATIb1A-9Ps4ZmRwC0k_1nHf6U/w400-h300/17KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">This transaction has provided more evidence for TNR Gold's undervaluation in the marketplace. In the last year, we have generated significant capital and extinguished our debt. We hold the cash from a sale of a portion of our Mariana Lithium royalty while holding royalties on two industry-leading projects under two leading industry majors.</div><div class="separator" style="clear: both; text-align: justify;"><span class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3" face="TwitterChirp, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif" style="border: 0px solid black; box-sizing: border-box; caret-color: rgb(15, 20, 25); color: #0f1419; display: inline; font-feature-settings: inherit; font-kerning: inherit; font-optical-sizing: inherit; font-size-adjust: inherit; font-size: 15px; font-stretch: inherit; font-variant-alternates: inherit; font-variant-east-asian: inherit; font-variant-ligatures: inherit; font-variant-numeric: inherit; font-variant-position: inherit; font-variation-settings: inherit; line-height: inherit; list-style: none; margin: 0px; min-width: 0px; overflow-wrap: break-word; padding: 0px; text-align: start; text-overflow: unset; white-space: pre-wrap;"><br /></span></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmUdWRrjfJCHkh7XgO5sPU3r4EFYldU8FX7CTMbsZFPCex8TG0B26bY5F0TE0_ofmGBxjG8If_2Mzt_AFLmE8mRokkRnHgT5ApvFKD11FjSJZ6Q_EGUNTsp30TZj89KFCUovAM_dPPfEVsNER6F3VLQC6bnbGRjtsxZAO1fxIlIEgwZ9gDABVyFqcUH3Y/s1644/Screenshot%202024-01-07%20at%2014.29.53.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1644" data-original-width="1204" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmUdWRrjfJCHkh7XgO5sPU3r4EFYldU8FX7CTMbsZFPCex8TG0B26bY5F0TE0_ofmGBxjG8If_2Mzt_AFLmE8mRokkRnHgT5ApvFKD11FjSJZ6Q_EGUNTsp30TZj89KFCUovAM_dPPfEVsNER6F3VLQC6bnbGRjtsxZAO1fxIlIEgwZ9gDABVyFqcUH3Y/w469-h640/Screenshot%202024-01-07%20at%2014.29.53.png" width="469" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div><div style="text-align: justify;">Stability has always been a mantra for our Company - Solid Values in Uncertain Times. Be it fluctuating or stabilised lithium prices, these are royalty projects for keypoint critical metals under industry majors with no input needed; a simple fundamental win maker for shareholders: 1.35% NSR royalty on a major Mariana Lithium project that’s currently being developed by Chinese champion Ganfeng, 0.36% NSR royalty on the giant Los Azules copper project being worked up by McEwen Mining and 7% net profits royalty on Batidero I and II Properties of Josemaria copper project in Argentina under Lundin Mining.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEnH-MaSMnT9sPWHj6YjpofKkiXZ8koyp83P1ECq5xuK4gd9WqYtpYntxUind87IBhVcdKvG9W-mDwyb6TEHlH4kodU8pa8ulld_OEAKF4GCwTWzDv2YZTTLGHklMy7d6oMhApods4yoCmPrr30TzCwmKngt4hFaAOMqTN3tNtX9FMU_iZBj-HdojWlik/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgEnH-MaSMnT9sPWHj6YjpofKkiXZ8koyp83P1ECq5xuK4gd9WqYtpYntxUind87IBhVcdKvG9W-mDwyb6TEHlH4kodU8pa8ulld_OEAKF4GCwTWzDv2YZTTLGHklMy7d6oMhApods4yoCmPrr30TzCwmKngt4hFaAOMqTN3tNtX9FMU_iZBj-HdojWlik/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">There is the Danger of Death Grips on Dead Horse Deposits among junior mining companies. Where a majority of value stems from a single prospect, there always exists a risk of ‘We Have to Make It Work’ that sees cash flow money bleed out. If management deings to stay past the Pump And Dump phase.</div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh53F3CNf-uqeriN_CSZgiLn1RBHku4Yhx-C5nb8yaaEV_xixj76F7Majw3V01tZ-odiZjOOg-hEkddYA6r4euXp3E_9k2Vu3oP4EjPnXgrCJbggoAUentTXmlRPyjtih-h2NvjcX7FpGN_rP-dqMFnM3wcpYztMwZslr2O_9Wtw2LsIB6ALiwMQzF_njY/s1198/Screenshot%202024-01-07%20at%2014.26.08.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="980" data-original-width="1198" height="328" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh53F3CNf-uqeriN_CSZgiLn1RBHku4Yhx-C5nb8yaaEV_xixj76F7Majw3V01tZ-odiZjOOg-hEkddYA6r4euXp3E_9k2Vu3oP4EjPnXgrCJbggoAUentTXmlRPyjtih-h2NvjcX7FpGN_rP-dqMFnM3wcpYztMwZslr2O_9Wtw2LsIB6ALiwMQzF_njY/w400-h328/Screenshot%202024-01-07%20at%2014.26.08.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">TNR Gold's hands-off cash-generating royalties, in multiples and with industry majors, provide both incentive to stay at the helm and the cash to reasonably evaluate options regarding cash-flow intensive prospects in gold, lithium and copper.</div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVdqYbMG6FORklOQsu55LvGBWzdOeqB1Pw-laECo7XK2huHW2XPQTaQOZwp91ZaCCXcyTocOEcBpWZhDDMhc2k3GLwmJCW_x5VJTjG5QUxksGQ-2-A-Kuhb_dbdt3zkv_elOwlXRATWTpOsCj7dIFrv0YRe-uwlQMfWAlC6AnxSJbS5rACk00ylqkpOU8/s1746/Screenshot%202024-01-07%20at%2014.26.24.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1746" data-original-width="1206" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVdqYbMG6FORklOQsu55LvGBWzdOeqB1Pw-laECo7XK2huHW2XPQTaQOZwp91ZaCCXcyTocOEcBpWZhDDMhc2k3GLwmJCW_x5VJTjG5QUxksGQ-2-A-Kuhb_dbdt3zkv_elOwlXRATWTpOsCj7dIFrv0YRe-uwlQMfWAlC6AnxSJbS5rACk00ylqkpOU8/w442-h640/Screenshot%202024-01-07%20at%2014.26.24.png" width="442" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;"><blockquote>“We do fundamentally believe in a shortage for the lithium industry. We forecast supply growth of course, but demand is set to grow at a much faster pace. By the end of 2025 a “modest deficit” of around 40,000 to 60,000 tonnes of lithium carbonate equivalent” <b>CNBC</b></blockquote></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOcL1JZH8i8t0KkxAdZIHwPXHjArbpCnbmi8bWW4t3VQfz6xjo2jjS4vkG8BRfULJgvww1ma84H-pURyH1fl1HLdR-2FNoXIhC4bOXWGL4Alt1_Y-U7X16EKkVm-sMr6hTjYjepLyTCkteFI3-qRDl6MUMeGlc1iW_TKjRplbyg8gxlkRqjl0VF2eKAOc/s1204/Screenshot%202024-01-07%20at%2014.27.47.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="644" data-original-width="1204" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjOcL1JZH8i8t0KkxAdZIHwPXHjArbpCnbmi8bWW4t3VQfz6xjo2jjS4vkG8BRfULJgvww1ma84H-pURyH1fl1HLdR-2FNoXIhC4bOXWGL4Alt1_Y-U7X16EKkVm-sMr6hTjYjepLyTCkteFI3-qRDl6MUMeGlc1iW_TKjRplbyg8gxlkRqjl0VF2eKAOc/w400-h214/Screenshot%202024-01-07%20at%2014.27.47.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">The gap between Science and ‘fast’ Wall Street money is how investor money evaporates in mining, particularly in lithium. Only a few companies in the world are able to *rear* Lithium operations into producing projects, less so reaching forecasted capacity.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMW26N0zdRtGt1X-9IPSSebAYs4kwxBh1fV7Q1RP5EE6haRvv9tsm60ygO5reCR0t1ej8IAN-EbThpkqKT19B2_C8bZHn-nxPsSpfFVeAYeyx1fODnCBJAyW7I-EjFy9Typqc1_eJP-R1dSksiV_BtRMIOf-O3gcSxPwXnxi-dGF5yCrCazrcc_pGCcpM/s1206/Screenshot%202024-01-07%20at%2014.27.18.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="908" data-original-width="1206" height="301" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjMW26N0zdRtGt1X-9IPSSebAYs4kwxBh1fV7Q1RP5EE6haRvv9tsm60ygO5reCR0t1ej8IAN-EbThpkqKT19B2_C8bZHn-nxPsSpfFVeAYeyx1fODnCBJAyW7I-EjFy9Typqc1_eJP-R1dSksiV_BtRMIOf-O3gcSxPwXnxi-dGF5yCrCazrcc_pGCcpM/w400-h301/Screenshot%202024-01-07%20at%2014.27.18.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Investors must remember that a lot of "Lithium companies" have only the word lithium in their name but lack the capacity, know-how or legislative backing to produce in 10 years. The whole industry produced only 369,000 T LCE in 2020, how will we jump to over 1 mln T LCE by 2025?</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv0p_d1F3XfvjhsThzlgSyeAuXdKbjR6gulC-BTxDVRjH7rpJMVUKZYlkleZl7YdU-cskX6jm-Tn6dY6eXZShRcLbAENBVP-NM7-nJxTcOramWzoeHHHZnS_MzoVLQCwxkoGwfXoZvghPXugJUDAczB-UmPGe9W4DLm2kSPRtHiTZOAsvG3LXEvCHRVto/s1202/Screenshot%202024-01-07%20at%2014.26.58.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="962" data-original-width="1202" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjv0p_d1F3XfvjhsThzlgSyeAuXdKbjR6gulC-BTxDVRjH7rpJMVUKZYlkleZl7YdU-cskX6jm-Tn6dY6eXZShRcLbAENBVP-NM7-nJxTcOramWzoeHHHZnS_MzoVLQCwxkoGwfXoZvghPXugJUDAczB-UmPGe9W4DLm2kSPRtHiTZOAsvG3LXEvCHRVto/w400-h320/Screenshot%202024-01-07%20at%2014.26.58.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">In my opinion, Argentina’s new president Javier Milei represents a low risk to domestic mining projects; the state’s provincial jurisdictional buffer will buffet any radical policies regarding Sino-affiliated projects, plus a goal of boosting national mineral exports keeps lithium and copper projects guarded.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcj6tarqs2Dq8UnURYKxoLmtp3ulpMjdqmIQrTKWrfDnmGpohpBdz35PtU55Iq25Ok5qF-mliVaGshDdr_u1G5PmLIicRnfUJRMOi_R9LskYPBDBeSqIJQQqGLIJSLAPgj_QEx23isOwU8zWOz5aue5PW5Lxecat4dft21qgbZ7p8jIMT12qjDTmbFjGk/s2500/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcj6tarqs2Dq8UnURYKxoLmtp3ulpMjdqmIQrTKWrfDnmGpohpBdz35PtU55Iq25Ok5qF-mliVaGshDdr_u1G5PmLIicRnfUJRMOi_R9LskYPBDBeSqIJQQqGLIJSLAPgj_QEx23isOwU8zWOz5aue5PW5Lxecat4dft21qgbZ7p8jIMT12qjDTmbFjGk/w400-h300/22KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20December%202023.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">On another hand, Argentina’s new president is great news for copper projects in the region, more so for Western-backed miners. </div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6uQYUdVw-MXYkPrcgjrKWePlHKgDO8ES2qXuLE7Gd7aYvSybK4M3WSdiR2zjn8621-d8HZQhuY8xAFYQKsyRVn4Nq1O_ZrSx5DrdiX5fZOC4PvARv_PQBeZlWfj_N-TlMz8g4DY5ayArxFZ39b9lb-A2921IgtuaJ11fscdIGkQ19TeLPNXwwLRDkhio/s1202/Screenshot%202024-01-07%20at%2014.24.46.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1166" data-original-width="1202" height="388" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi6uQYUdVw-MXYkPrcgjrKWePlHKgDO8ES2qXuLE7Gd7aYvSybK4M3WSdiR2zjn8621-d8HZQhuY8xAFYQKsyRVn4Nq1O_ZrSx5DrdiX5fZOC4PvARv_PQBeZlWfj_N-TlMz8g4DY5ayArxFZ39b9lb-A2921IgtuaJ11fscdIGkQ19TeLPNXwwLRDkhio/w400-h388/Screenshot%202024-01-07%20at%2014.24.46.png" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">Canadian McEwen Mining’s Los Azules stands in a great spot to benefit from a national pivot away from environmental constraints on mining.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyu3jDLOCDn-0JnYM2syMtH_PeKwDAjDUV4rI1xtTcIiWUqgxV0UAUw8eKoOxDfeqkv_kxBW-eKk4_9hVWs9Orla0Vp0AUif9jdkXiKAccK7rr1s2V_HOcJ18KZx9rSstAnYYqDqj-d3U8e-kYD6ogyo-hqu28tb1nI9xmpLlmnJfIbETbv7goqaTjhWc/s3333/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhyu3jDLOCDn-0JnYM2syMtH_PeKwDAjDUV4rI1xtTcIiWUqgxV0UAUw8eKoOxDfeqkv_kxBW-eKk4_9hVWs9Orla0Vp0AUif9jdkXiKAccK7rr1s2V_HOcJ18KZx9rSstAnYYqDqj-d3U8e-kYD6ogyo-hqu28tb1nI9xmpLlmnJfIbETbv7goqaTjhWc/w400-h225/148TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><div style="text-align: justify;">The risk to mining represented by Argentina’s new president in the form of state-specific BRICS regulation will be more than balanced by the project-positive reduction in environmental regulation - propelling projects forward and enriching communities with local jobs and investment.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWBe4zbIWd4qbypIz2R4sVefGtetrBg14hb_Qa4xpldNKr4v99_tcppUgFpEEQ2x-ugx7J_vyuKW6626ObZA_YwRF1i46ddV1HsO413GFxv6BvhyphenhyphengXziGgLzbyiYWeK2VyNvMjOlRuZMg3LEbW3SxplKbnIqwyWTbAqYYzeTOUkyC_zKYUP7KvQj9gFnc/s1620/Screenshot%202024-01-07%20at%2014.24.19.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1620" data-original-width="1198" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgWBe4zbIWd4qbypIz2R4sVefGtetrBg14hb_Qa4xpldNKr4v99_tcppUgFpEEQ2x-ugx7J_vyuKW6626ObZA_YwRF1i46ddV1HsO413GFxv6BvhyphenhyphengXziGgLzbyiYWeK2VyNvMjOlRuZMg3LEbW3SxplKbnIqwyWTbAqYYzeTOUkyC_zKYUP7KvQj9gFnc/w474-h640/Screenshot%202024-01-07%20at%2014.24.19.png" width="474" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">Described as an ‘anarcho-capitalist’ and a ‘rabid’ free marketeer, Argentina’s new president Javier Milei would have to display a degree of self-contradiction to uproot prospective lithium, copper and gold projects, as it would go against a self-proclaimed goal of boosting mineral exports.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimpI7Joptgy4iBbKza7v520ra5XY6IplbtmtHAIMZf3ur3vKw-hktZYa2UocjVEbLoO4Mff_vxv26OiMNWw8IPHqJDM-l_86w8wEdPUsrOepN8vzbykSQWwG430ThcKos-HXbSkPU0-WDNP0bO3Qh6s2xG4-fAwS-uECbOlq9y6648v0VhLB5wwhMEgwA/s2200/Screenshot%202024-01-07%20at%2014.25.15.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="2200" data-original-width="1198" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEimpI7Joptgy4iBbKza7v520ra5XY6IplbtmtHAIMZf3ur3vKw-hktZYa2UocjVEbLoO4Mff_vxv26OiMNWw8IPHqJDM-l_86w8wEdPUsrOepN8vzbykSQWwG430ThcKos-HXbSkPU0-WDNP0bO3Qh6s2xG4-fAwS-uECbOlq9y6648v0VhLB5wwhMEgwA/w348-h640/Screenshot%202024-01-07%20at%2014.25.15.png" width="348" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">With recent events, it's easy to choose when comparing Argentina to neighbouring Chile, where our sector’s worst nighttime bogeyman of resource nationalisation is heralded by a far-left socialist & communist coalition prevailing in political elections.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgf6qe3gWT5xNqF4DOg5wv8cwvx__r4AjIPV0KX3SHcPi8Lcgh1SejjE8eUXj1RC_BpOuY3pXYzcYITCHPxqfi9mNsPqvA71vwy0YzgBL0ZVCXd_8-OG3xqEKieh0aVE7rKRay5isHnPQko47dm2_KU9euyfUaseuWd97_snwub4vSukLKprmiSw8s5YME/s3333/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgf6qe3gWT5xNqF4DOg5wv8cwvx__r4AjIPV0KX3SHcPi8Lcgh1SejjE8eUXj1RC_BpOuY3pXYzcYITCHPxqfi9mNsPqvA71vwy0YzgBL0ZVCXd_8-OG3xqEKieh0aVE7rKRay5isHnPQko47dm2_KU9euyfUaseuWd97_snwub4vSukLKprmiSw8s5YME/w400-h225/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div style="text-align: center;"><br /></div><blockquote><div style="text-align: justify;">"<a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html"><b>And towards the end of last year</b></a>, Lithium Royalty paid it US$9mln for a 0.5% royalty in the Mariana project. TNR retains a 1.35% royalty, and also holds 0.15% on behalf of a shareholder. What’s that worth, now that Mariana is less than a year away from production?</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Probably not much less than C$9mln, even allowing for the subsequent decline in the lithium price. After all, lithium could come back, the royalty remains in place, and a year is not long to wait in mining terms, assuming there are no delays.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Even if it’s just the 0.45% royalty that TNR is likely to be left with if Ganfeng exercises its right to acquire the other 1% that TNR owns, that should still prove lucrative enough.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Assuming a long-term lithium price of US$40,000 per tonne, pre-tax income is likely to amount to US$3.6mln a year.</div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">Equally, if the price returns to anything like the levels it was at last year, that number rises to over US$7mln per year.</div></blockquote><div style="text-align: justify;"></div><blockquote><div style="text-align: justify;">And there’s likely to be more to come from Mariana, perhaps even before first production. An additional C$0.9mln will come into TNR if Ganfeng exercises its option to buy a further 1% of the royalty back off TNR, and the chances are, with a project this size, that it will. </div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">But is the Mariana royalty even the best asset inside TNR?" <b>Alastair Ford</b></div><div style="text-align: justify;"> </div></blockquote><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqRqnmCyNBuV5j4jzA2zE61N1oZfeYxmClxFcjg6Pine49jMreeQniGhNci5oSmg5NtgVlk5TPO2dSDi6frNh04TAfoND3Oj9gHnsJOkA_7Qt7UtZvdThCzTzcmzs0Wf2Vg5RykCEb6Zwl-UZoB2U-UEnoG_z_1xMVlpqFKAXcsv1097vzjcUc_GczszA/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhqRqnmCyNBuV5j4jzA2zE61N1oZfeYxmClxFcjg6Pine49jMreeQniGhNci5oSmg5NtgVlk5TPO2dSDi6frNh04TAfoND3Oj9gHnsJOkA_7Qt7UtZvdThCzTzcmzs0Wf2Vg5RykCEb6Zwl-UZoB2U-UEnoG_z_1xMVlpqFKAXcsv1097vzjcUc_GczszA/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div><blockquote><div style="text-align: justify;"><br /></div><div style="text-align: justify;">"Arguably not, since <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html">the Los Azules royalty</a></b>, according to some calculations, may be worth as much as US$30mln. <b><a href="https://kirillklip.blogspot.com/2023/11/powered-by-tesla-energy-revolution-tnr.html">Rob McEwen himself holds a 1.25% NSR royalty over Los Azules</a></b>, and he’s been putting some pretty punchy numbers around his own interest in his recent video presentations.</div></blockquote><p> </p><p style="text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjebrFrwsyo1XEAj86coc3HN8p4mq5Ysc8qy-sYVGE3_xVEaN5U8N0QSPX0qYrU5Sys34iZgSrwoKgsuP4bI9QwjFOQjI0dIoDI8L_qa-ixbz06dz5tQ-pxadVr_PhT0PhpfJjBiFPTH9kBQMYRy8GqbNAsjcBOx-5Xb3-mIoEkupozBLRMwZRaRoLQfZs/s2500/167Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjebrFrwsyo1XEAj86coc3HN8p4mq5Ysc8qy-sYVGE3_xVEaN5U8N0QSPX0qYrU5Sys34iZgSrwoKgsuP4bI9QwjFOQjI0dIoDI8L_qa-ixbz06dz5tQ-pxadVr_PhT0PhpfJjBiFPTH9kBQMYRy8GqbNAsjcBOx-5Xb3-mIoEkupozBLRMwZRaRoLQfZs/w400-h300/167Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Copper%20PP%20December%202023.jpg" width="400" /></a></div><br /><p></p><blockquote><div style="text-align: justify;">On the assumption of production of 182,000 tonnes of copper per year from Los Azules, and a ballpark copper price of US$10,000 per tonne, TNR could end up receiving income of upwards of US$6.6mln per year from its royalty." <b>Alastair Ford</b></div><br /></blockquote><span style="text-align: center;"></span></div><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqzrexLGajoqrvKpt_ASg9x74V8OmjnVEpPM1jvZaxB9t0QaDFbXBfQMtSqFRbzSb7GPTkaYA46s06OyFDJZ_gOaBWMNIUGpJIJx44TGtd4bXAzFUCX0_pwVZSYxk0KIzs_8wDO3GkeYV3LgsfIUYaclxf7sluSxw0iGuxBF4M9j9msgSESPM8ODXp6Ko/s1204/Screenshot%202024-01-07%20at%2014.29.16.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="866" data-original-width="1204" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqzrexLGajoqrvKpt_ASg9x74V8OmjnVEpPM1jvZaxB9t0QaDFbXBfQMtSqFRbzSb7GPTkaYA46s06OyFDJZ_gOaBWMNIUGpJIJx44TGtd4bXAzFUCX0_pwVZSYxk0KIzs_8wDO3GkeYV3LgsfIUYaclxf7sluSxw0iGuxBF4M9j9msgSESPM8ODXp6Ko/w400-h288/Screenshot%202024-01-07%20at%2014.29.16.png" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div><div style="text-align: justify;"><a href="https://tnrgoldcorp.com"><b>TNR Gold business model</b></a> provides an exceptionally valued entry point into the creation of a critical material supply chain like copper and lithium energy metals which are powering the EV revolution and the gold and silver industry which is providing the ultimate hedge during this part of the economic cycle.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqG_fxe1oVVEQsL4YMxa6IEhEaPVNW75rbMszUdaukr5h646Ji-Qr_PQAzicrLHQhdbDUJjM6lS3F8i60D01Jaly2JwWhAcad9y6ADB_Hazt2YPT58xrPa1hO8W1-f4CyYGyIl1EhEoAkvCFvYI6Yy01V8Decr36wwGd66D2F1IRHXF9PI6BgYt4C91lw/s3333/8TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjqG_fxe1oVVEQsL4YMxa6IEhEaPVNW75rbMszUdaukr5h646Ji-Qr_PQAzicrLHQhdbDUJjM6lS3F8i60D01Jaly2JwWhAcad9y6ADB_Hazt2YPT58xrPa1hO8W1-f4CyYGyIl1EhEoAkvCFvYI6Yy01V8Decr36wwGd66D2F1IRHXF9PI6BgYt4C91lw/w400-h225/8TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div style="text-align: justify;">I believe that TNR Gold is close to enjoying a pincer move after many years of planning, the company picks up not one but two potentially cashflow-generating royalties in the future on the essential critical metals electrifying the gears of change within the electric and renewable global market.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjODAaKo4jNMVQfuYgK0Sl3WIIdNf9d7SAH2Oibz3VsTfbi3gXvy2-59ILPtlQZExaqrTLbcJu7vh4jDkWYwzny5x9c-A9Lo20qBCMFaltxCm2YIFKEPaSewWZ4GHxFeJPq-u7dgDiGZQeE7RXZO-RVGE8yG617ckluepIlLeO9MgpicgfBuZkYLtzpBYk/s2500/14Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjODAaKo4jNMVQfuYgK0Sl3WIIdNf9d7SAH2Oibz3VsTfbi3gXvy2-59ILPtlQZExaqrTLbcJu7vh4jDkWYwzny5x9c-A9Lo20qBCMFaltxCm2YIFKEPaSewWZ4GHxFeJPq-u7dgDiGZQeE7RXZO-RVGE8yG617ckluepIlLeO9MgpicgfBuZkYLtzpBYk/w400-h300/14Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div><div style="text-align: justify;"><br /></div><div style="text-align: justify;">TNR Gold’s purpose is quite simple in intent; <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html"><b>a solid value launchpad of green royalties for the gold in the USA rocketship in fueling</b></a>. With Ganfeng's plan to put Mariana Lithium in production, 2024 is set to be an interesting year, one that is due to go by in pop celebration, national flag-waving fanfare and certain marching bands.</div><div style="text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIbSXMK86tuKn0KSRLivHrnYRYWSHVbfpbEk7IoIv19vwGmCoDBiOmnM8a7-rxJfzOVawnzggImOAuXFcKNTkAgP4u3RaU9GUh3yKeNbOmb87E7NLw1abOPPs0bskLgSBPRnbcjF8W__czob0FbyfRwwFjGG3K6BDZRfBdwNAfCULQpq8SmpbxDfTXMjY/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhIbSXMK86tuKn0KSRLivHrnYRYWSHVbfpbEk7IoIv19vwGmCoDBiOmnM8a7-rxJfzOVawnzggImOAuXFcKNTkAgP4u3RaU9GUh3yKeNbOmb87E7NLw1abOPPs0bskLgSBPRnbcjF8W__czob0FbyfRwwFjGG3K6BDZRfBdwNAfCULQpq8SmpbxDfTXMjY/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><div style="text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><h1 class="title fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="46px" style="box-sizing: border-box; color: #ff6600; font-size: 34px; line-height: 1.38; margin: 0.67em 0px; position: relative; text-align: start;"><span style="box-sizing: border-box;"><span style="font-family: georgia;">TNR GOLD CORP.</span></span></h1><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: 400; line-height: 1.13; margin: 0em 0px 1.1em; position: relative; text-align: start; text-transform: uppercase;"><span style="font-family: georgia;"><span style="box-sizing: border-box; color: #ff6600;"><span style="box-sizing: border-box; font-weight: 700;">></span> <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">THE</em></span> GREEN ENERGY METALS ROYALTY </span><span style="box-sizing: border-box; color: #ff6600;">AND GOLD </span><span style="box-sizing: border-box; color: #ff6600;">COMPANY.</span></span></h2><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><span style="box-sizing: border-box; color: #ff6600;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">"<a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> is working to become <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-six 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 the Los Azules Copper Project in Argentina among many others have been recognized.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<span style="box-sizing: border-box; font-weight: 700;">LMA</span>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b>* measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper Project</a></b>** indicated resource: 10.2 B lbs copper, 1.7 Moz gold and 55.7 Moz silver with the additional inferred resource: 19.3 B lbs copper, 3.8 Moz gold and 135.4 Moz silver.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty (“NPR”) holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Shotgun Gold Project</a></b>*** inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">* “NI 43-101 Technical Report Update of Lithium Brine Mineral Resources; Mariana Project, Salar de Llullaillaco, Argentina” dated January 12, 2020. Prepared by Geos for Ganfeng Lithium.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">** “NI 43-101 Technical Report – Preliminary Economic Assessment Update for the Los Azules Project, Argentina” dated October 16, 2017. Prepared by Hatch for McEwen Mining.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">*** “NI 43-101 Technical Report on the Shotgun Gold Project, Southwest Alaska” dated May 27, 2013. Prepared by Nicholas Wyck and Allan Armitage for TNR Gold."</em></p></span></div><p style="text-align: justify;"><br class="Apple-interchange-newline" style="text-align: start;" /></p><div><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikVdhkbR6i6w5FouXhHN1iRrXJwneN_a41QdWV13LqRSLaTM7dCKBiP10gWi__yI-das1d5YB_wQ5_abKxN7-g_jhRna2PeG5uuEirnyMkAh0mD_AoQ4UAhgPDF0X3GZlFqa6e4KNEQ1xdCa9EH2DPnnhZrLyk6L23Tr4JqeEjQhxEyIAFqBS2vvHQDDk/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEikVdhkbR6i6w5FouXhHN1iRrXJwneN_a41QdWV13LqRSLaTM7dCKBiP10gWi__yI-das1d5YB_wQ5_abKxN7-g_jhRna2PeG5uuEirnyMkAh0mD_AoQ4UAhgPDF0X3GZlFqa6e4KNEQ1xdCa9EH2DPnnhZrLyk6L23Tr4JqeEjQhxEyIAFqBS2vvHQDDk/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></div><br /><div class="separator" style="clear: both; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; line-height: normal; margin: 0px; position: relative;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html">TNR Shotgun Gold: The Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - US Dollar Index Falls Below 100</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVgOLlGf0zqyam7zr9bE76-oQ-1mq7Efr_q5-S9H74vZiRjjV7_1EElRpq1EkcoUsBnyTAUDoUIcU5v_FyF05-MQhHoPUYrb7AOebeY77qqUgIjruzSNqE0K8x2lgXkUdSf1gA8d-NdJFoMYzdmXdWz6eUmTUqfGU2GEUr-tceiv-ysPHaq0BqJ-uRs38/s2500/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVgOLlGf0zqyam7zr9bE76-oQ-1mq7Efr_q5-S9H74vZiRjjV7_1EElRpq1EkcoUsBnyTAUDoUIcU5v_FyF05-MQhHoPUYrb7AOebeY77qqUgIjruzSNqE0K8x2lgXkUdSf1gA8d-NdJFoMYzdmXdWz6eUmTUqfGU2GEUr-tceiv-ysPHaq0BqJ-uRs38/w400-h300/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div></div><div class="separator" style="clear: both; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><br /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-28810162957572171412024-01-02T05:03:00.000-08:002024-01-02T05:08:20.902-08:00Gold in the USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeelvzUghyphenhyphene-TPVQJjeYrspGKF2NTRWnwAWZVJsCmxQyVDmmsh5zoiYpcEl-lgor3C1zbaxvcLfKLLNxUJOnwVfCaGS_ditSqb8a-8kxHpwG8IbaqikFLdxHARTZTFd_wozqhuNHsGouTzP9Gk5676ftkcQ1zxxfBLAxnzJ1kOf1olPPOjCGhUeCykxL4/s2500/1Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjeelvzUghyphenhyphene-TPVQJjeYrspGKF2NTRWnwAWZVJsCmxQyVDmmsh5zoiYpcEl-lgor3C1zbaxvcLfKLLNxUJOnwVfCaGS_ditSqb8a-8kxHpwG8IbaqikFLdxHARTZTFd_wozqhuNHsGouTzP9Gk5676ftkcQ1zxxfBLAxnzJ1kOf1olPPOjCGhUeCykxL4/w400-h300/1Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a><br /></p><p style="text-align: center;"><br /></p><div style="text-align: justify;"><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><blockquote style="text-align: start;"><div style="text-align: justify;"><span style="font-family: inherit;">"My belief is <b><a href="https://kirillklip.blogspot.com/2023/11/gold-in-usa-alaskan-elephant-country.html">TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure.</a></b> This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." </span></div><p></p><blockquote><p style="text-align: justify;"></p></blockquote></blockquote><p style="text-align: right;"><span style="font-family: inherit;"><b></b></span></p></div><div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333;"><div class="separator" style="clear: both;"><blockquote style="text-align: start;"><div class="separator" style="clear: both; text-align: justify;"><p style="text-align: right;"><b><span style="font-family: inherit;">Kirill Klip, Executive Chairman</span></b></p><p style="text-align: right;"><b><span style="font-family: inherit;">TNR Gold Corp.</span></b></p></div></blockquote></div></div></div></div><div style="text-align: justify;"><br /></div><p></p>
<div style="text-align: center;"><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/Esh4zj98KAJbW2?startSlide=1" style="border-width: 1px; border: 1px solid #CCC; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px; text-align: center;"><strong><a href="https://www.slideshare.net/KirillKlip/kirill-klip-gem-royalty-tnr-gold-presentation-2813" target="_blank" title="Kirill Klip GEM Royalty TNR Gold Presentation">Kirill Klip GEM Royalty TNR Gold Presentation</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><br /></div><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6dY1rHH_N241AbXHkPMWBgDrslNvj4KvqcVN1O9233YIycz5SAd8ONPH-eUhKSznU_hBZrUH6rxIJJvBm9BjTuAU5qAv2jCIc-val_kjb4jdzJapNr6m5jROe0TZeIeuHl2h8Kb7qE1H2lr500glQwoGeaNzlZNX5pn1fOlchrUyqx2F1bbYDAT6ZifE/s2500/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj6dY1rHH_N241AbXHkPMWBgDrslNvj4KvqcVN1O9233YIycz5SAd8ONPH-eUhKSznU_hBZrUH6rxIJJvBm9BjTuAU5qAv2jCIc-val_kjb4jdzJapNr6m5jROe0TZeIeuHl2h8Kb7qE1H2lr500glQwoGeaNzlZNX5pn1fOlchrUyqx2F1bbYDAT6ZifE/w400-h300/4Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><br /></div><div class="separator" style="clear: both; font-weight: bold; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><div class="post-body entry-content" id="post-body-6639552419777380160" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="separator" style="clear: both; font-weight: bold; text-align: justify;"><span style="font-weight: 400;">Gold made a new all-time high at $2,080 and finished 2023 with the highest monthly close in history at $2,063. </span><a href="https://kirillklip.blogspot.com/2023/12/gold-made-new-all-time-high-at-2072-day.html">The previous all-time high at $2,072 was made by Gold on December 1, 2023.</a><span style="font-weight: 400;"> Next is a climb to $2,500, $5,000 and over $10,000. </span></div><div class="separator" style="clear: both; font-weight: 400; text-align: justify;"><br /></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_vddKC-IAvUpaYC3Qvmzr80yeRKru96Qeh84K6VgGYfTgdu9FfdVWX6KGVlMwNP-Sli1Fq3cFXFksGPaxc4Nwx1RAEzPEk2c671lgvW0IxJ3PVPBHUNGkKvtkUPnJjT73HUxLri2EqGt3fz2OrFh3G7_KTQAwgd64JGhyXdSAPFeDnGeQBsP5jXGk-Gg/s2500/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_vddKC-IAvUpaYC3Qvmzr80yeRKru96Qeh84K6VgGYfTgdu9FfdVWX6KGVlMwNP-Sli1Fq3cFXFksGPaxc4Nwx1RAEzPEk2c671lgvW0IxJ3PVPBHUNGkKvtkUPnJjT73HUxLri2EqGt3fz2OrFh3G7_KTQAwgd64JGhyXdSAPFeDnGeQBsP5jXGk-Gg/w400-h300/5Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><div><span style="font-family: inherit;">Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. We can expect that next will be a new all-time high for Gold which will open the road to climb to the new record prices of </span><span style="font-family: inherit; font-weight: 400;">$2,500, $5,000 and over $10,000 per ounce of Gold.</span></div><div style="font-weight: 400;"><br /></div><div style="font-weight: 400; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZpjeyBxfknGiUVmovHIYepbe4U_x13MWmLTrLL62MXt0pTBtO7jJ9zY2QW7hLJ_soyXhHRDAHydkPFaAUO-Qb48QZxsDQZ_xUHrhEzz8lTg0NCbzd3P6OzI5O4SN4sryfIXX1x86S-u0Sxpg0dP8lTUUl2qxeZoJD4piU51lP5ckxUbdOKDcGsM1GKc/s2500/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9ZpjeyBxfknGiUVmovHIYepbe4U_x13MWmLTrLL62MXt0pTBtO7jJ9zY2QW7hLJ_soyXhHRDAHydkPFaAUO-Qb48QZxsDQZ_xUHrhEzz8lTg0NCbzd3P6OzI5O4SN4sryfIXX1x86S-u0Sxpg0dP8lTUUl2qxeZoJD4piU51lP5ckxUbdOKDcGsM1GKc/w400-h300/6Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div></div><div style="font-weight: 400;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/10/gold-wake-up-call-i-do-hope-that-move.html" style="color: #6699cc; text-decoration: none;"><b>Gold is not celebrating wars and the annihilation of human life.</b></a> The price of Gold is pointing to the obvious imbalances in the world governance and global financial system. We have another wake-up call, I do hope the inevitable rise of Gold price to $2,500, $5,000 and over $10,000 will be orderly. </span></div><div class="separator" style="clear: both; font-weight: 400;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMv-oWZijSv3i-Oem1PtHqcXTViyOQ1zDGGDnYL85_diIolGclW0SelV9w48pI2ASWSDsgWJxUadw8KqChj6X5aA56ty9NVZylHFWU0jyHDhVijcab0pqN_tMdYg5MEqnfhfu9X241iuoSSyQr54VB1p9vLkA3Nfk1prS9V4HUyf-s55P1KovuiBZZA4E/s2500/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhMv-oWZijSv3i-Oem1PtHqcXTViyOQ1zDGGDnYL85_diIolGclW0SelV9w48pI2ASWSDsgWJxUadw8KqChj6X5aA56ty9NVZylHFWU0jyHDhVijcab0pqN_tMdYg5MEqnfhfu9X241iuoSSyQr54VB1p9vLkA3Nfk1prS9V4HUyf-s55P1KovuiBZZA4E/w400-h300/62Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">You can play the <a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>Deep Fake Video Games with Crypto</b></a> only for so many years, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>the Deep Fake "Efficient Markets" like the Gold Market</b></a> can be manipulated for decades, <a href="http://kirillklip.blogspot.com/2020/08/joe-rogan-gold-and-why-aliens-are.html" style="color: #6699cc; text-decoration: none;"><b>the illusion of your own choice to fight your own brothers</b></a> to the last drop of your own blood for the elites has been cultivated for millennia. </span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDcm9uqH3HPOT88xdu8ve0p0njsLZUKNxMsk0qoyv7OeZzNBe520yTRan_lODSkWgAZnNXWTWNzx1hJKQn1AEpe65UA-qXOO9oLFr5F28IghLU5J4ByP7LUUYtn9EN_zzsMq8C_BgmCvoovI3FOTpYdDQ0R7FPSmiS2ijB2XpN8i-PDwH62aub1XzckXI/s2500/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgDcm9uqH3HPOT88xdu8ve0p0njsLZUKNxMsk0qoyv7OeZzNBe520yTRan_lODSkWgAZnNXWTWNzx1hJKQn1AEpe65UA-qXOO9oLFr5F28IghLU5J4ByP7LUUYtn9EN_zzsMq8C_BgmCvoovI3FOTpYdDQ0R7FPSmiS2ijB2XpN8i-PDwH62aub1XzckXI/w400-h300/7Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">"<b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Gold is coiling into the very powerful spring</a></b> and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <b><a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;">any price suppression and market manipulation can lead only to one thing</a>:</b> another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto Dragons</a> </b>into real assets and solid values that some junior miners can represent in the marketplace."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: center;"></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgckXjpfiS0kHQUcTCEioXc5F09nx8gb_EttznQJ_I9vWzMdCJnJg3ir-o5I-iEBjYV3ML22L7YMmlVFoGR0AeVTerzAFfo9g3rbbDM7QFMXivVK5L-xXxgoGYydcb5g1vXVUPJ4TbyYoXplNwDbFB7YsPUcL4avOKgj_PmFQSLXXa3L6fu_6yyHGdlo-k/s700/TNR%20Gold%20NW%20HT%2020.12,2023.png" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="494" data-original-width="700" height="283" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgckXjpfiS0kHQUcTCEioXc5F09nx8gb_EttznQJ_I9vWzMdCJnJg3ir-o5I-iEBjYV3ML22L7YMmlVFoGR0AeVTerzAFfo9g3rbbDM7QFMXivVK5L-xXxgoGYydcb5g1vXVUPJ4TbyYoXplNwDbFB7YsPUcL4avOKgj_PmFQSLXXa3L6fu_6yyHGdlo-k/w400-h283/TNR%20Gold%20NW%20HT%2020.12,2023.png" width="400" /></a></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: center;">Chart by Nicholas Winton</div><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"> </span><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"></p><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">Gold price action points to the obvious, any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find <b><a href="https://kirillklip.blogspot.com/2023/11/alastair-ford-tnr-golds-recent.html" style="color: #6699cc; text-decoration: none;">The Best Stories</a></b> among junior miners, which will build new fortunes.</span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s778/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="778" data-original-width="602" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjO7FuAll8LV2jqWG4ZIHYiyRQbgU_J1rvKvTZJoPrkV6tE4FHXz2JyneSXuGUbUFeVO8dBwYOH3zmgzq9EX4d8Jemc4e8Mn1agPwVgluAKwlOHKsRIyzF4Ml3p7ewkW-uckOZSmpZ6B15RHsnGxdQQDYbYL6p31-7pelRjlWb8N2iPoVi5h9xe8Kcv0F8/s16000/KK%20TW%20Gold%20Manipulation%2020.08.2022%20Screen%20Shot%202022-08-20%20at%2012.03.22.png" style="border: medium; position: relative;" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Only the patient investors who still can read</b></a>, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"> </p><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"></p><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlSh-XYTGV-pa2qlFA8at7Qic9tpJJumCsVq4uD2UbZ91UyOS_y-Kq59b3LmvlxIonZEyh22ishn7HC6c3fyv5dOIQDj3S0Q8xCCH5X_otKZQ_v18XWvIIbmIPLqMI7O_IP4tXeZujwBd5FOs3EJvQ1Z7gSpAPyOrQ-9bhbfW-ldcquRFwvSmduckkq_g/w524-h640/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="524" /></a></div><br style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;" /><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">"We are getting closer to <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>The Next Catalyst for Gold</b></a>. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by <a href="https://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;"><b>"The Ponzi on Steroids"</b></a>. "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."</span></blockquote><p style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"></p><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/s2500/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh4v5ttuahkMtH0ZEaI1TG7H1ycmNPKMvvU3S_Qv0g6NQqdzif9k3tJ7nc12xB6UT6Uowg0vzZRBCBVgkaX1QIjTkS-dd1ovK3qERsVGyd5SiT28rfe3eQDOrdRFG7A_vFvgR97QPru8NK3ZoL9xisNjoiJj4TCbWFpcTGyPD-uPyqnvCYkrMWd9x-n9HU/w400-h300/39Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: center;">Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.</div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm0vH1ZvJvmEkL1_x3hM7hNYCRIgMT-bP0d6gkGtZ9eHJv9wWALFaQS-yH2l7CJRj_7ef6YFLpqNcqum5hptt5oFzc44T4RoF05wZXBc89FoD7GKSF05o-Ii5TfzdeG379zUhlDiAs_nHwu0DyHVTQcgFoB1mEcrFKnh7thpvGdaV5jKigdLwExtXqry4/s2500/40Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhm0vH1ZvJvmEkL1_x3hM7hNYCRIgMT-bP0d6gkGtZ9eHJv9wWALFaQS-yH2l7CJRj_7ef6YFLpqNcqum5hptt5oFzc44T4RoF05wZXBc89FoD7GKSF05o-Ii5TfzdeG379zUhlDiAs_nHwu0DyHVTQcgFoB1mEcrFKnh7thpvGdaV5jKigdLwExtXqry4/w400-h300/40Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2022/11/gold-is-ultimate-hedge-bloomberg.html" style="color: #6699cc; text-decoration: none;"></a></span><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>Central banks are buying a record amount of Gold</b></a> and China is increasing dramatically its officially announced Gold reserves. According to Statista, worldwide Gold demand amounted to 4,740.8 metric tons in 2022, an increase of 18.1% from 4,012.8 metric tons in the previous year. Total Gold demand was just below $300 Billion in 2022."</span></blockquote></div><div style="background-color: white; caret-color: rgb(34, 34, 34); color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9BpflIt7SJgrkLfgVOccg0T4k478M_igHVRKckjTsE4zAMOJEpESpTR2LZyAo-HnXK5EpVId1M6a5w1yx8ItsUd0RTPWrQMuge6WyZee5NA13Q8nTJMh5nkrnbFazz9XnGazqSlYdXa_iaY1nIPAvTJaIYbAWsCAFw2s4umewlYSKmAnnlXkqD8xb6mk/s2500/33Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh9BpflIt7SJgrkLfgVOccg0T4k478M_igHVRKckjTsE4zAMOJEpESpTR2LZyAo-HnXK5EpVId1M6a5w1yx8ItsUd0RTPWrQMuge6WyZee5NA13Q8nTJMh5nkrnbFazz9XnGazqSlYdXa_iaY1nIPAvTJaIYbAWsCAFw2s4umewlYSKmAnnlXkqD8xb6mk/w400-h300/33Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; font-size: 14.85px; text-align: center;"><br /></div><blockquote style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>In 2022, worldwide Gold production stood at 3,100 metric tons</b></a>. Central Banks bought a record 1,136 metric tons of Gold and their demand soared to a 55-year high. The amount of above-ground reserves for Gold is estimated to be around 205,238 metric tons by the end of 2021, according to the World Gold Council. The total "Market Cap" of Gold can be estimated at roughly $13 Trillion."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/s2500/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgKO8a3RHXefOFit-BmwhtxMjH_vf71lEKuIsP1Xue1ZrdnVwgpJDhmntcDsMzYxl9fXXJblF8iWDq-QXiMHrdwmegMIZ_v58gNmulpHxwOk4zVp10WkcUT6ajSVWryq5Pu_eg15eDYa6eGyuKV7zCT9DYQ8UgLTxswHbt30eFIo7DFLhoNO1EOGjHcfP0/w400-h300/32Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px;"><span style="font-family: inherit;">The whole world will be probably shocked if China ever reveals the amount of its true Gold reserves which are held by numerous entities under China's control including the citizens of China and the vast Chinese diaspora. </span></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: start;"><br style="font-size: 14.85px;" /><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/s2500/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgZG1Cs8ulNW0Uzzs-XsCtbCl8-YE7gx5ybSUSw4Bw7f7SNfjIXOKJlLfh6wCFCeu56kMq8vURSdHpL6JcvH_K1CWC_gvWwD8XGAwelfqyCJJOdbDwyx0aKTvUy540j4EHvBplJGVwU1h_TdRVeYY_S8F-Wjz7SoxIoGJdCja9V-DPxq2CpuZLLlcmByHU/w400-h300/36Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20January%202024.jpg" width="400" /></a></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><br /></div><blockquote style="text-align: justify;"><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>There is no Gold 2.0</b></a>, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."</span></blockquote><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><br /></span></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/s1052/Gold%20face%209.08.2020.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1052" data-original-width="1052" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhat4wHHFJf3b2YH8g3YjXdQj9wHDENUostSd6llgAfiPTf33vOKzkct-gHaIICG-PGcuNOqQqgYUbQEDwwSP8Ua3doLnd5BWOgdUnLYQJ673DruzmY5jOrB4L23Iw0V7gXYHN7GCgpQSE2aR-gU7G0pP3Fxj8Xc9Ufv1VeJZ3qTBvJYnMxl3tAlRuTstE/w400-h400/Gold%20face%209.08.2020.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both;"><br /></div></div><div class="separator" style="background-color: white; caret-color: rgb(34, 34, 34); clear: both; color: #222222; font-family: Arial, Helvetica, sans-serif; font-size: small; text-align: center;"><span face="Arial, Tahoma, Helvetica, FreeSans, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 14.85px; text-align: justify;"><div class="post-body entry-content" id="post-body-7452523603005493671" itemprop="articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="font-size: 14.85px; text-align: start;"><b style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: center;"><div class="separator" style="clear: both;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"</a></h3></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/s2500/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEheNvR8k61Buwz5bDYfZHpfHxmVq0gJGQsD4mdpi-UdB0VWn1ATT1-GU17V7JRusUEJrpvSpew51qu_pJ79sSIYEoWAGECqJEdNvHWt5_V6ITc7m7Tqp1V7ycG1s7A_6YQQWZ7qbzl0CV92919CklMS14kMk7kAUyoN4MvJNzzBjLjuX5NQg9whbAFsfCQ/w400-h300/246Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-size: 14.85px; font-weight: 400;">Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, <a href="https://kirillklip.blogspot.com/2023/04/central-banks-and-china-go-fomo-gold.html" style="color: #6699cc; text-decoration: none;"><b>any price suppression and market manipulation can lead only to one thing</b></a>: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. Nobody knows the future, but history can teach us about <b style="color: #6699cc;"><a href="http://kirillklip.blogspot.com/2023/01/the-great-crypto-scam-circus-left-but.html" style="color: #6699cc; text-decoration: none;">manias and "irrational exuberance" spilling over from chasing Crypto </a>Dragons into</b> real assets and solid values that some junior miners can represent in the marketplace. </p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/s436/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="436" data-original-width="357" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjTWcnwL-nHCMynmTEaFBTl7EKcyQ30hUhEjfxrZOlcobvGg89el6t3b1Dbo2AjoBlLxFnf-ZaCMAYi1oGn5gpDf7GTy3J_vbxTOPbrq2PMfshtiSfKmc-qlk0eXJudW6fvhFGGz64fksBEqx1dYvJx5uZrsvrdMPAdjgwLguxkm0tTRtIRVACkz6oK-QE/w328-h400/Gold%20Returns%20of%20Juniors%20in%20Mid-1990s%2030.07.2023.png" style="border: medium; position: relative;" width="328" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400;">Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence. </p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/s2500/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhheSTeo1aLtss4LipT2_gX01YGS_FENwRmpK527H9YZq_r-BJ7Rvm6RH1ataNkTpC8Wh9sy1Hwid26FY87mSkz6CtHhQlKs2NTEpMrAf8FtrIZGHvjAKxt6vwABVC0PojqNXe3_XSNac0eEPRw7cs_s8_ocgD1JNWNmzVbqxQV7y909ESccZQb0O4BVEE/w400-h300/233Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><b><span style="color: #6699cc; font-size: large;">The <a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;">US Dollar Index fell below 100, we are getting the ignition stage for Gold and Silver now.</a></span></b></span></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span style="font-family: inherit;"><br /></span></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/s2500/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgq2uhM115TnLY2KmHVho6MSTEhrIiYAAbDtJJvIC7zQIHUSTzzLloI3VjuGsgVTJ0HMbs4e7R8Erjm3VegJ_iM4uHgICuBjPbp7ID3vAiuevy-RrnIgVQpCDkrIlSbsRdWSyQL1L7rKIbNcIaCnyn7AsWWl4_EHitvyIjzG5Z9VnPk67AAgKDAizmk5KU/w400-h300/232Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><blockquote><span style="font-family: inherit;">"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold mining stocks are ready to follow the Gold breakout</b></a> and to drive their owners into the future climbing up over a huge wall of worry."</span></blockquote></div><div style="font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/s1500/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0AYJzYa4bM_MxNEI9xZsuiIAUUBXclFFRc1g0dPeUSNoZiESbjyFhCd8f47AfbhYgl9rgOmBEirGxV3RWPhuPMEZJnPwEBKU5JvHeqCeDKfOZ0EXMG7frS1vknkFSfK1aLNi85GlgElioOQT9_qUEPrXChv8B6qOvA8-BdrKtNqYP2K0OJ1_jGBn2MLk/w400-h300/145Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20March%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><blockquote>"<a href="https://kirillklip.blogspot.com/2023/07/tnr-shotgun-gold-pitch-for-elevation-to.html" style="color: #6699cc; text-decoration: none;"><b>Gold and silver miners have been hitting another major oversold condition</b></a> in the marketplace. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories."</blockquote></span></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;"><br /></span></div><div style="font-size: 14.85px; font-weight: 400; text-align: center;"><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/s2500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiIn4JTkzak2qG9k3LdlMxF6AXqZEkwXLYnkSyAw7FSK_KwV2yYY-WryaUzBwGn1G5LiUFphbNyMpCBp5ubpHultxcX0AKuKRTQZ-Gq5mgMdcyHAzkKeku1PweQiXsJcl4ZG0bUjitdsZcsIN2xd3vFvnJIV6RF_h0DzQ3DYfWhO1fsUHQAgoFYEHj4Avw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><span style="font-family: inherit;"><br /></span></div><p style="font-size: 14.85px; font-weight: 400;">All I can say here is that we found <a href="https://kirillklip.blogspot.com/2023/02/tnr-gold-gem-royalty-story-copper-gold.html" style="color: #6699cc; text-decoration: none;"><b>our Story for the next leg of the Bull Market</b></a> many years ago and bought as many shares as we could. We continued our investments in TNR Gold even during the darkest pandemic days. Now, after a lot of very hard work, our Company <a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp. is on a solid financial footing and ready to enjoy new highs</b></a>.</p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/s2500/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjwbA4bYe754FoqleJ_ZV5npw2ps9-k5wL82WSroAigb9_9JcVaYFMm_6Z-1CL2TXYVBvyDAw7IFJjWVyUWL5_m7dDGtUKue6mfadEHoVnAJ4esmvTXzftxd49DdRxK_UTJNCz0St3o2ZJOQC4nWF2c3ZqukjrO2alyef05shTLFytWzrF1Lx00RPPosAs/w400-h300/229Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20June%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout</a></h3><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/s3333/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtULey-c3Ms9jlZbhK7AoAS1jrz5YtlkVp8LLsx8l-93UAGb0sbp6J5mluGcbSLtqHU_HqQVJoEq3spforGZ4HubeodlBae9yo51_OAh7Jw80M7Dd6URNQE2kX1sK_a5TNa322z49dXxk6EsSDk-7LFIdW5aHGMMij5TPPI6Cu-HTUVknrVXycIDhf4ME/w400-h225/1TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><div style="text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building <b><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;">The Green Energy Metals Royalty and Gold Company</a></b>. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="font-size: 16.334999px; text-align: right;"><b></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/s3333/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjA9SjUSG2lmWDMlTSCmiViyuffa6eD9TCjv1UaweTZv1oSq6YLzwZ--3NUOVQLtJUQJ6jX65UofdsZrsqLuCNCRcy2U9pf4MDmi5eIXB0AXJp4varkCmfz-EGVauaKjuiDESaJxpr5PeWn5l5BtjKw5GqlM_viXFxKA-NY7VHeofv9CBJeX8Tvi-6r_j0/w400-h225/2TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div style="font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400;">Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.</p><p style="font-size: 14.85px; font-weight: 400;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgK6Sfv5p9oz5QxdKMfNbizNOwVeftsJOIDnWgd7y7C8YNPgQ9kBsf3ZD0ZMZvGjMSwmnF_61NxbqfZHR1OYxVNZzfL-hMef5W1_kKttkkXesQp-gVhY4i7Hb3xVO-bhwnN200I4iX2zr5Dgv2qPHrji6SJNtdx6ailLHHdwXTISoRylVE66DSln_zD-qw/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><br style="font-size: 14.85px; text-align: start;" /><span lang="EN-CA" style="font-family: "Palatino Linotype", serif; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><b><span lang="EN-CA" style="font-family: inherit;"><a href="https://kirillklip.blogspot.com/2023/07/my-vision-for-tnr-gold-and-strategy.html" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">TNR Gold – AmeriGold – Shotgun Gold</span></a></span></b></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. </span><span style="font-family: "Times New Roman", serif; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: "Palatino Linotype", serif;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-family: "Times New Roman", serif; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl9BolAOjRwku3-n8s25ddfLVyEo14rUIWzyOtMXvh6DglIC_-b-N5JaTYHIthJHmuLI5SogxV9V8PWIrObfz-0RKTHdmUbY2FyQLoN7114TXXtLmYYQqyg-D-XAG-4j7aVm60ChK5T6vqpmZcOHImbGW_UKL0AZzw7_mxf52mMeHLayoNA7mlcyn9BCQ/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit;">I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.</span></div><div style="font-size: 14.85px; font-weight: 400;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/s2500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhFNmunoS7oRziP4SPeiq3CP1T8Vn93EHDLzkk4bLFLu4-1w9yrhXZzEjqkfVZZ1puCdmuhKR_NmfnpsT37lVTx6LEQEq_53xvjDXCds1bXANMC00aadANNI5vKDAS4upLaL3u_shqsWsZhXDNGQ0IDiUUMkFTSk_dVxRzScbf2_HX4gOA-RZkUgE-jgXM/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.</span><span style="font-family: inherit; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/s2500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjILd1S75FtriWEE5eKeJTEEX0SSLzqnaBi_KFdHcI75ZhRb3j5or4o9Q5_IWONvIBLQeSnlpjwEv7IcrSXttFpiNnCu7HwtCqazO6LagKS0Fju5kGMd3Q56jZ9fts_Ioibr-d8SMxKsiL0eYXmb5gptay6T1lrNk8JekajBSDEL9rN_igB1yHz0SbdfP8/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span style="font-family: inherit; font-size: 14.85px;"></span><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.</span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/s2500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhhBd2dJ1fcgcO6utxJ4Zh3DJ2M63y_mIZDP6yQpwvmB2GLerqo5Uy0S6uHvxKlefX27O553C-45ru1hCFtxTXGfHZ3sgj9jXT5KGeXiHhAFYnrHKMihTIh-SdVDQ6TUUMt4kSCDqliIY4Z-04XqzJQDAVukTDQ3Vmkw8pnicXE6A6pM3IDnLW_h9vHmKE/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.<o:p></o:p></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA" style="font-family: inherit;"><br /></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/s2500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjNugdqG7sxsS3cijwW0b3rwiUv4v98iqn5ALn6zlwJngw71d2qKuLgsiGfmqDXYqTSLquKZc3qRRV4hcWxzLxZyGvJmdHRq1r3F35atsNdnG_ohd1XKrUr21gqfZKMtPQoIa50vuIQVauEIstliFgWQBSN8bba-9cEmjsDNA8BhztdnLr_Zw7ZtXZHRYk/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20June%202023%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="font-size: 14.85px; font-weight: 400;"><span lang="EN-CA" style="font-family: inherit; font-size: 14.85px; text-align: start;"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our <a href="https://tnrgoldcorp.com/investors/disclaimer/" style="color: #6699cc; text-decoration: none;"><b>Legal Disclaimers</b></a> and conduct your own due diligence as always.<o:p></o:p></span></p><p style="background-attachment: scroll; background-clip: border-box; background-image: none; background-origin: padding-box; background-position: 0%; background-repeat: repeat; background-size: auto; font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA">Thank you for your support of TNR Gold!<o:p></o:p></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><span style="font-family: inherit;">Tesla Nicola rEVolution and Gold.</span><span style="font-family: inherit; font-size: 14.85px;"> </span><span style="font-family: "Times New Roman", serif; font-size: 14.85px;"><o:p></o:p></span></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm;"><span lang="EN-CA"><br /></span></p><p style="font-size: 14.85px; font-weight: 400; margin-left: 0cm; margin-right: 0cm; text-align: center;"><span lang="EN-CA"></span></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><span lang="EN-CA"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/s3333/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9NHcYOcwHJmou5v6vvpI-THePDkgRheAEjTh1IKRbn-ZgjHxM84qJza64QzYr2P4x6aQoVlRrOLUgwq8_pvlrXIlzL4gUzBzZaCNyPm1joP-DI0sJZiAPig77R2RpF6WPCuQDfdpbJOCWkdykeIBCSXduB_zeFyDhuO6GAo2zjJjz7BebEAcaQIyzoII/w400-h225/4TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></span></div><span lang="EN-CA" style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></span><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><br class="Apple-interchange-newline" style="caret-color: rgb(0, 0, 0); color: black; font-weight: 400; text-align: start;" /></div><div class="separator" style="clear: both; text-align: justify;"><div class="post-body entry-content" id="post-body-4292278043502116091" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div class="post-body entry-content" id="post-body-5669693522588856484" itemprop="description articleBody" style="font-size: 14.85px; line-height: 1.4; position: relative; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; margin-bottom: 5px;"><div style="margin-bottom: 5px;"><div style="font-size: 14.85px;"><b><div class="separator" style="clear: both;"><div class="post-body entry-content" id="post-body-1572209897955598132" itemprop="description articleBody" style="caret-color: rgb(0, 0, 0); color: black; font-size: 14.85px; font-weight: 400; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="margin-bottom: 5px; text-align: center;"><div class="post-body entry-content" id="post-body-6218533994492194087" itemprop="description articleBody" style="font-size: 16.334999px; line-height: 1.4; position: relative; text-align: start; width: 578px;"><div style="font-size: 14.85px; margin-bottom: 5px; text-align: center;"><p style="text-align: start;"><b>Proactive:</b></p><p style="text-align: start;"><span style="font-size: large;"><b><a href="https://www.proactiveinvestors.co.uk/companies/news/946541/tnr-golds-shotgun-project-in-alaska-has-all-the-trappings-and-trimmings-it-takes-to-attract-in-a-major-946541.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major</a></b></span></p><p style="text-align: start;"><a href="https://ca.proactiveinvestors.com/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;"><b>Alastair Ford</b></a></p><p style="text-align: start;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333; font-size: 18px;"><br /></span></p><p></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/s2000/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgnaZW1GZT0v1uY5bakX2p7Y2SQuAWtBh2YVMbeUPYN3PJvNFYr32nInKY0EIHL7jvzT68RlZVgv6BDIM6NFt89qJt9QXTemizLlM-bryY3qv_RvSxZCTq6OlSgPOUsJerXK7mCB0UYaTVbfoan7Jg9LRjuJoA7EH-_dK__1l24tW9SKr0IX7If0SHQ/w400-h225/1TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;">"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.</span></p><p style="text-align: justify;"><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;"><br /></span></p><p><span face="Ubuntu, sans-serif" style="caret-color: rgb(51, 51, 51); color: #333333;"></span></p><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/s1500/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhzOGioLj_-pFK71EH7FC44bJaMimebM-dbMf9vdW5OJu_-OCvkoDb9c5GjkXthlB0ZZr0Qf44OTj-Hh_i4fyZAhHegi142PveS9e-wCjjODHiG9SmjhYh4j66EJXrZkE2oO5tkFiU-y6yM9V8GkyXqDsy2YI5-FqYtsMArsgdWs7Ei5-iKj3254Vwg/w400-h300/6TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><p style="text-align: start;"></p><div class="ckeditor-content" itemprop="articleBody" style="box-sizing: border-box; margin-bottom: 60px; text-align: start;"><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of <a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TNR Gold Corp</a> (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/CVE:TNR/TNR-Gold-Corp/" rel="4750" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">CVE:TNR</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/s1500/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjN0lwuWRgD5vWORcmj5u5cf51T2igoBb7GMA9o2-Y4JME2C5IhQu1kZaDr-ErN_DhWa8aTchk_NJSDh7VMiM-dgh_vSidNK02iFnJaT4UdQIYg35jJtluRC_cTC3aLrAFo04iklFOeACAH5wxHfP6JjO4Mzk5ncMkfrL2WeNR80NSWVdOmVy-FLJOK/w400-h300/10TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/ASX:NST/Northern-Star-Resources-Ltd/" rel="2368" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">ASX:NST</a>) and the Fort Knox mine, owned by Kinross (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:K/Kinross-Gold-Corporation/" rel="4405" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:K</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/s1500/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiRIa_DyhFDXr5_PISOZ4cawmbip3n3kXIk3yNImnFBFD74as7-XFtkpQF2QD6_Vdj5VM9Ght9W-sEMW8XjZrjgNl9owphZ-JwPcUOkVpsSR1_Kr8fW9-Cw91PKnXV3wkWaB7hJnb9kxw5-chGBSwttABRi69S4gYA9-rl61BvxRcfDxUh8WBLf7_1J/w400-h300/8TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But Donlin takes things to another level again.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not surprising then that one of the biggest names in the industry, Barrick Gold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:ABX/Barrick-Gold-Corp./" rel="4248" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:ABX</a>), is playing a crucial role in bringing it on, alongside partner NovaGold (<a class="companyPopupTrigger" href="https://ca.proactiveinvestors.com/TSE:NG/NovaGold-Resources-Inc./" rel="4759" style="box-sizing: border-box; color: #c55400; line-height: inherit; text-decoration: none;">TSE:NG</a>).</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/s1500/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgU0asVtvwHCuIJHpl-vnoYgzuZ_HbsBFBGuMGbXNgO29LuEK7GfRjuAQk0PjMrWbc_a2-r1lb2c0IsQtEHx-7EEU7Ph2cHS0dOMMsfUG9zVJgNP5_AHsRwYXOgi-WhRkmiLXgGDg_yZVtgev2V6POfpcPI9ZbDqGe41teFsDtH2n1tEyrE-vBZf5Wc/w400-h300/147Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s not altogether out of the question that Shotgun will get caught up in it too.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/s3333/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgd-zb5XvZ9wLWlZyChzCCXfTxWE4xCeXtPhxSJHFj4Ahn5qQVAz4FWddfmt0W8HuESULVR0l-2KUZ2eOCKLOQ1Ds8dgY1s8oPREjOi73aBrbAjfuW4qcxTGXqvPDiN87e3l8MFyRij1cSx-ZQHKzG1Cb4kVJfPepyHQu7pU5x6U9kZU_LFZ_vtWWzckJ8/w400-h225/280TNR%20Gold%20Investor%20Presentation%20June%202023%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng announced an increase of the lithium resource at Mariana of more than 250%.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/s2000/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgBwpDWIrq9m2z81TBrHBqEoPAT506XTj6suhxu6VJCcx2y0eu6c4PgiPQBVFG6ItBwtRcyRDzL_1S6EqGOVX-ri73IdwQOcCs095wy8-mIyH9Ry8WwaLB7w5ioJOHXLM_nawZ9kThOPpRAI7NbBGhFkDwv4XxcwksfBkw64ZFQ1l4IAxTuWKOqNoC_/w400-h225/44TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/s1500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi8cPYhFW_9yRaTom68kFCMvgFF1X5yIQuVwHauoCj9hyz-wkIxRxwJxwXRMdK19zcKzPO_Pde1QkwqAYKpssBwKfHsdYDOqexZpjt1ZcerVgWrz6ogQmPiiLQYXy_G3zWGBQVMJ9tVcnw7rfhPbruffKfJMArfjy_Epe3xSi_bNsTlfKVk7ANkxhOt/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">When that will be though is the big question.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">But here’s where his position as a major shareholder in the company becomes key.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We need to bring US$10mln in to drill the project very strongly.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/s1500/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgPZ7Us5fO6bV09bXjbtAFz-YOs8jaupG-QqEEtTl_FauBlab1ywWZ9Dz3Lr45MtmjIXfltCCjwO26Wezx-4wo7N1Svs9fSyzPzKBAJbl-dBkXFQK-o4GUMbD7CUy_qgmS_q6tAJr7F3E5ISzapjQRpXImFyE1xTOAISAtkX9bqtoTJrGWtCcXtZwxm/w400-h300/17TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/s1500/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEganhhemg0O5n1WmBL2tMO3JHkWt5-QwVfChoE1X4R2xOFoRHMTZqg2Frup__vld9MIdU0D-VHjYXzvnsOFPKkSGFVEVCRNPsIN6z3RXNAFw79qip0pOjrl243TmBPgVi91TW4JCTuuX7qsyEIFCmnR-b82qlL3Irl6XwHygeVmISmkXDH6rnD1Ny7G/w400-h300/16TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/s1500/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkZmT2i06m2fspQ0yvvEL6cJhlpLEg5Hnr7fWkfMZDPTONosNHfRalKGFmYE6omgkAId8Q3lxudj1R4Crrbr7mhN0dEmlIBlUKhcl6xIVrlsPAHfOdxW9ay348c6IKWsORdkim6X2fB06q-xNMi3MI9OgH1rn0rmmdpBubnCghTUZz3XRCjexJzCPC/w400-h300/20TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/s1500/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgmKvCKvUbsYqvmAl_Z2DmZmqUMskunYo-tSPWwS01rDbFcsWY6nqDsD6aGZ1MhtXD4_D45AFV2wEDddmYr2CDeJemxn8yybeY5_dRGyuxjf8Sza1YwJD62K3dG4b8K11sw_Bj5vI49xyb6bHXzFNOsRy90A0an8TEUXmOfhkoS-zkcwrGAxY2XHYdb/w400-h300/18TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/s2000/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="2000" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjtcIKo-uU4zQR5iyFA9egWGl5r3ep7SbjLH8zTnmTKEt5OP6nJ5jom9fZ0P7T9Bx6w-q09UAdcW6VYO6FRPF8cGOqjby0g0i7zPv6LLv1JHD4Mm9_e2NmW6PnPCFrnTmlUq2TC3A_UXz8FdtrwAHzPH9T9cy_IILLPu3-YRZ5gnFWeT3xW22sDdday/w400-h225/26TNR%20Gold%20Investor%20Presentation%20August%202022%20Website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Will the strategy work?</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">Well, it already shows every sign of doing so.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“A deal could happen any day,” says Klip.</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/s1500/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgAqRKShBur_8RNaPVsmXAPo8uwqClvD1Z0HRxhUtsrq6fcxUmHrWYNrPzY-LJ4EBLVzS5AgMFK-EW-DPKnuj_fKTg4zTe3Y6IyXHMswqc0jrVRXnLaqmNu6twmsIcrNDDLDB7qgoHw9sAov1MAUTKHp9eK8kap5tkhXIBtsi4nF17_vZry2uGCZBZw/w400-h300/128Kirill%20Klip%20GEM%20Royalty%20TNR%20Gold%20Presentation%20July%202022.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. </p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;">And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."</p><p style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-stretch: normal; letter-spacing: 0px; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: justify;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/s1500/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiNlcM6AnUQfdf1IaK7c1oRIGC-_tCYC8ha5OxPdsKQ4yuRN2WukLa09H40WlLsuQed0WZLCNIizLkXZMjEzqtuIv4VqBI9HxkJjdH4LMjea0kFMgwaTl0-nXZI9O9WdL7mTao3TnWYBtLp8xB2DypInICYdz5Wuow0DIyEwZZDvX0u-MtXQ44AtTpw/w400-h300/34TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20August%202022%20website.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><br /></div><div class="separator" style="caret-color: rgb(51, 51, 51); clear: both; color: #333333; text-align: center;"><div><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div><b><i>Do Your Own Research.</i></b></div><div><b><i><br /></i></b></div><div><br /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/s1226/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1226" data-original-width="860" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilgBBO7v6CEZqHD6PBKPQXthM6Sq3_djS_XyJ8JFWM2CPb11Z035PN42Xcj17O19vUZrvT8T2ieRXQ7YBbYEA7NNOWlSjXVnMbTrywE5aizh83CTxKLXgWCJqxoe2-hvFJ9bMfrfILl_nbR5uXYsUWx36kSS0izaQpVtNiCX3Au7P_G0alnvi82fgM/w449-h640/TNR%20Gold%20Au%20FS%2021.02.2021%203.png" style="border: medium; position: relative;" width="449" /></a></div><div class="separator" style="clear: both;"><br /></div></div></div></div></div></div></div></div></b></div></div></div></div></div></div></div></b></div></div></div></span></div></div></div></div></div></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-36718835766898684592024-01-01T01:40:00.000-08:002024-01-01T01:40:37.473-08:00Happy New Year 2024!<p style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNZou-T8Tb95BENXpJKbf5FA6JC62GOGrxbRIQHhF1G1tyR-a95QBz8kmJGdDNYeeJvL2fqZpagvj_wXRbqL3-vJa9F2AGEo5jxC9ai3h-4IHagf_V_p81apEQy5vLwV2dz-sb5DASJBADh8Wr-zeClRoBSWCOMVx62Ze5gwLg-FVDTQXJSO6zmrjpHaY/s960/Angel%20of%20Light%2031.12.2020.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="960" data-original-width="729" height="640" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhNZou-T8Tb95BENXpJKbf5FA6JC62GOGrxbRIQHhF1G1tyR-a95QBz8kmJGdDNYeeJvL2fqZpagvj_wXRbqL3-vJa9F2AGEo5jxC9ai3h-4IHagf_V_p81apEQy5vLwV2dz-sb5DASJBADh8Wr-zeClRoBSWCOMVx62Ze5gwLg-FVDTQXJSO6zmrjpHaY/w486-h640/Angel%20of%20Light%2031.12.2020.jpg" width="486" /></a><br /><br /></p><div data-rbd-draggable-context-id="1" data-rbd-draggable-id="405lv" style="caret-color: rgb(15, 20, 25); color: #0f1419; font-family: TwitterChirp, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif; font-size: 20px; white-space: pre-wrap;"><div class="" data-block="true" data-editor="djcfh" data-offset-key="405lv-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="405lv-0-0" style="direction: ltr; overflow: hidden; padding-bottom: 2px; padding-top: 2px; position: relative; text-align: center;"><span data-offset-key="405lv-0-0">"What is darkness? It is nothing - it is just the lack of Light.</span></div></div></div><div data-rbd-draggable-context-id="1" data-rbd-draggable-id="cqpee" style="caret-color: rgb(15, 20, 25); color: #0f1419; font-family: TwitterChirp, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif; font-size: 20px; white-space: pre-wrap;"><div class="" data-block="true" data-editor="djcfh" data-offset-key="cqpee-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="cqpee-0-0" style="direction: ltr; overflow: hidden; padding-bottom: 2px; padding-top: 2px; position: relative; text-align: center;"><span data-offset-key="cqpee-0-0"><br data-text="true" /></span></div></div></div><div data-rbd-draggable-context-id="1" data-rbd-draggable-id="d5085" style="caret-color: rgb(15, 20, 25); color: #0f1419; font-family: TwitterChirp, -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Helvetica, Arial, sans-serif; font-size: 20px; white-space: pre-wrap;"><div class="" data-block="true" data-editor="djcfh" data-offset-key="d5085-0-0"><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="d5085-0-0" style="direction: ltr; overflow: hidden; padding-bottom: 2px; padding-top: 2px; position: relative; text-align: center;"><span data-offset-key="d5085-0-0">The Light. Energy. Nothing Else Matters."</span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="d5085-0-0" style="direction: ltr; overflow: hidden; padding-bottom: 2px; padding-top: 2px; position: relative; text-align: center;"><span data-offset-key="d5085-0-0"><br /></span></div><div class="public-DraftStyleDefault-block public-DraftStyleDefault-ltr" data-offset-key="d5085-0-0" style="direction: ltr; overflow: hidden; padding-bottom: 2px; padding-top: 2px; position: relative; text-align: center;"><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju_g8fx9p7csb3NMCe3hhkP3PHEggbJ3UjPbb1ZTnsM0wqSYGpbPa8KADnzYZpjaSczruVRNBjdwvEBfGBAxzhT1EqsM2K-AFuyxuv0RSETaPZpWP3-wNr5j6cJlWD0AcgtjEVinOQUGA3UXUicDzR6cyAFB3ANYkChL2qFxYH460-uYM-8cz4V9Glmew/s1728/Energy%20Earth%20A%203.02.2023.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1224" data-original-width="1728" height="454" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEju_g8fx9p7csb3NMCe3hhkP3PHEggbJ3UjPbb1ZTnsM0wqSYGpbPa8KADnzYZpjaSczruVRNBjdwvEBfGBAxzhT1EqsM2K-AFuyxuv0RSETaPZpWP3-wNr5j6cJlWD0AcgtjEVinOQUGA3UXUicDzR6cyAFB3ANYkChL2qFxYH460-uYM-8cz4V9Glmew/w640-h454/Energy%20Earth%20A%203.02.2023.jpg" width="640" /></a></div><br /><span data-offset-key="d5085-0-0"><br /></span></div></div></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-65542324157610759992023-12-23T03:18:00.000-08:002023-12-23T03:18:40.229-08:00Merry Christmas and Happy New Year 2024!<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL1codhV4EVY6DDl1twco2jaowUR3r-ryZmnyLreA_OwI0lP8Vz-X0GbRbtD80f2E7eoeZ1sMBFm5NTKWuLmGPapCXUXQoNqbGGu8yfrmvK8TQlw-iTP-yZjoy5v4MxSXQWuPPedJ07ag7YDgkGXBbSO_1AnL1RCwnpvZQfAmL8Uu-0EJ3XSx3dwXrYJA/s679/Happy%20New%20Year%202024%20TNR%20Gold.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="677" data-original-width="679" height="638" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhL1codhV4EVY6DDl1twco2jaowUR3r-ryZmnyLreA_OwI0lP8Vz-X0GbRbtD80f2E7eoeZ1sMBFm5NTKWuLmGPapCXUXQoNqbGGu8yfrmvK8TQlw-iTP-yZjoy5v4MxSXQWuPPedJ07ag7YDgkGXBbSO_1AnL1RCwnpvZQfAmL8Uu-0EJ3XSx3dwXrYJA/w640-h638/Happy%20New%20Year%202024%20TNR%20Gold.png" width="640" /></a><br /><br /></p>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0tag:blogger.com,1999:blog-8294980412157695453.post-89968044195897480532023-12-22T03:51:00.000-08:002023-12-22T03:51:40.365-08:00TNR Gold Corp Executive Chair Reports on an "Important Year" for the Business<p style="text-align: center;"> <a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK7xOyBJwWGL6iTENmN0xbHGJ5My7hNSjNxeKdBQH_JVEO1Zq1qfJdXqaoeLKj0FZDUf2krL8xvzCj51Gb3tRC0gXnMlSJh69h68j9uNlS8WPfeIz1oJBB4zEry9OqYTnL_9JR7neQ6vOwyIq4aIH3zDhn3lfFmIAbriIPEVcuWfuhiB_82dtlPXbdNiU/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiK7xOyBJwWGL6iTENmN0xbHGJ5My7hNSjNxeKdBQH_JVEO1Zq1qfJdXqaoeLKj0FZDUf2krL8xvzCj51Gb3tRC0gXnMlSJh69h68j9uNlS8WPfeIz1oJBB4zEry9OqYTnL_9JR7neQ6vOwyIq4aIH3zDhn3lfFmIAbriIPEVcuWfuhiB_82dtlPXbdNiU/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" width="400" /></a></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;"><br /></em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><span style="box-sizing: border-box;"></span></p><blockquote><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><span style="box-sizing: border-box;">"<a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html"><b>TNR Gold shareholders are well-informed</b></a> about the potential valuations of our assets as we build <strong style="box-sizing: border-box;">the</strong> Green Energy Metals Royalty and Gold Company.</span></p><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;">The bottom line is, we believe we can deliver a lot more value for our shareholders.</span></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"><span style="box-sizing: border-box; text-align: start;">Using this opportunity, we would like to thank all our shareholders for their support of the TNR Gold team and our Company.</span>"</span></p></div></blockquote><div style="text-align: justify;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px;"><span style="box-sizing: border-box;"></span></p></div><p style="text-align: center;"></p><div style="text-align: center;"><br /></div><p></p>
<div style="text-align: center;"><iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/YQy_Svv2h1U?si=pEjBJhDShaaDkQyd" title="YouTube video player" width="560"></iframe></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><br /></div><div style="text-align: center;"><div style="caret-color: rgb(51, 51, 51); color: #333333; text-align: start;"><blockquote><div style="text-align: justify;"><span style="font-family: inherit;">“We are building The Green Energy Metals Royalty and Gold Company. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”</span></div><div style="text-align: justify;"><span style="font-family: inherit;"><br /></span></div><div style="text-align: right;"><b>Kirill Klip, Executive Chairman TNR Gold Corp.</b></div></blockquote><div style="text-align: right;"><span style="font-family: inherit;"><b></b></span></div></div><div class="separator" style="clear: both;"><br class="Apple-interchange-newline" style="text-align: start;" /></div><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiH6kYhj0hi-eD_Ml_38IMrYVUX9YPg1NHxAQlpZDKPBfD3Auwt4wNYthnhuiahFVr8nCHOwaibRQdKuH4JV6xAUsXhUpld0xEWfsbHbu7VB0xbs__KZsQ_GGYIdaFrangNWIsyAM4cIRuI8yaFLDdniPbQfRx9CqvwldJ0MSIx0OwHQZtSmRLq_2mAESI/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><br style="text-align: start;" /><div class="separator" style="clear: both;"><br /></div><h1 class="title fusion-responsive-typography-calculated" data-fontsize="34" data-lineheight="46px" style="box-sizing: border-box; color: #ff6600; font-size: 34px; line-height: 1.38; margin: 0.67em 0px; position: relative; text-align: start;"><span style="box-sizing: border-box;"><span style="font-family: georgia;">TNR GOLD CORP.</span></span></h1><h2 class="fusion-responsive-typography-calculated" data-fontsize="24" data-lineheight="27px" style="box-sizing: border-box; caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 24px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: 400; line-height: 1.13; margin: 0em 0px 1.1em; position: relative; text-align: start; text-transform: uppercase;"><span style="font-family: georgia;"><span style="box-sizing: border-box; color: #ff6600;"><span style="box-sizing: border-box; font-weight: 700;">></span> <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">THE</em></span> GREEN ENERGY METALS ROYALTY </span><span style="box-sizing: border-box; color: #ff6600;">AND GOLD </span><span style="box-sizing: border-box; color: #ff6600;">COMPANY.</span></span></h2><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px; text-align: start;"><span style="box-sizing: border-box; color: #ff6600;"><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">"<a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold Corp.</b></a> is working to become <span style="box-sizing: border-box; font-weight: 700;"><em style="box-sizing: border-box;">the</em></span> green energy metals royalty and gold company.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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 have the potential to generate royalty cashflows that will contribute significant value for our shareholders.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">Over the past twenty-six 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 the Los Azules Copper Project in Argentina among many others have been recognized.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“<span style="box-sizing: border-box; font-weight: 700;">LMA</span>”), 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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;">Mariana Lithium Project</a></b>* measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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. The Los Azules Copper Project is being developed by McEwen Mining.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-executive-chairman-kirill-klip.html" style="color: #6699cc; text-decoration: none;">Los Azules Copper Project</a></b>** indicated resource: 10.2 B lbs copper, 1.7 Moz gold and 55.7 Moz silver with the additional inferred resource: 19.3 B lbs copper, 3.8 Moz gold and 135.4 Moz silver.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">TNR also holds a 7% net profits royalty (“NPR”) holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><b><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;">Shotgun Gold Project</a></b>*** inferred resource: 705,960 ounces Au at 1.06 g/t, mineralization appears to be open at depth and along the strike.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;">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.</p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">* “NI 43-101 Technical Report Update of Lithium Brine Mineral Resources; Mariana Project, Salar de Llullaillaco, Argentina” dated January 12, 2020. Prepared by Geos for Ganfeng Lithium.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">** “NI 43-101 Technical Report – Preliminary Economic Assessment Update for the Los Azules Project, Argentina” dated October 16, 2017. Prepared by Hatch for McEwen Mining.</em></p><p style="box-sizing: border-box; caret-color: rgb(68, 68, 68); color: #444444; font-family: Lato, Arial, Helvetica, sans-serif; font-size: 16px; margin: 0px 0px 20px; text-align: justify;"><em style="box-sizing: border-box;">*** “NI 43-101 Technical Report on the Shotgun Gold Project, Southwest Alaska” dated May 27, 2013. Prepared by Nicholas Wyck and Allan Armitage for TNR Gold."</em></p></span></div><p style="text-align: justify;"><br class="Apple-interchange-newline" style="text-align: start;" /></p><div><iframe allowfullscreen="" frameborder="0" height="486" marginheight="0" marginwidth="0" scrolling="no" src="https://www.slideshare.net/slideshow/embed_code/key/qJIyxuWr6o36xL?startSlide=1" style="border-color: rgb(204, 204, 204); border-style: solid; border-width: 1px; margin-bottom: 5px; max-width: 100%;" width="597"></iframe></div><div style="margin-bottom: 5px;"><strong><a href="https://www.slideshare.net/KirillKlip/tnr-gold-investor-presentation-building-the-green-energy-metals-royalty-and-gold-company-ecda" style="color: #6699cc; text-decoration: none;" target="_blank" title="TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company">TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company</a></strong> from <strong><a href="https://www.slideshare.net/KirillKlip" style="color: #6699cc; text-decoration: none;" target="_blank">Kirill Klip</a></strong></div><div style="margin-bottom: 5px;"><br /></div><div style="margin-bottom: 5px;"><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><b style="color: #6699cc; font-family: arial, tahoma, helvetica, freesans, sans-serif;"><a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><span style="font-size: large;">Please visit the TNR Gold website for all updated presentations.</span></a></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. </i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i>Do Your Own Research.</i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><i><br /></i></b></div><div style="caret-color: rgb(51, 51, 51); color: #333333; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 14.85px;"><b><div class="separator" style="clear: both;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_F35UklZYwisdG-PysmfBU48QQTv7-fF3Pv1AX2VGM0RLxB2BodQqDQa3UxKb6e6EOUXcEIJIsDWqmS6mP6uxELEHgkN8vFyEQ3_Q1i1YaJ4u-WOxlrdEwpo72YR5smrBWwYjh0uxlkqe9QmvWzQea22vFamhKm3IUc3hQ2NMFE30wtcv8kA9S7zZ6v0/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><br /></div><div class="separator" style="clear: both; text-align: justify;"><p style="font-size: 14.85px; font-weight: 400; text-align: start;"><span style="font-size: medium;"><b>Proactive:</b></span></p><h1 class="h2 mb-2 mt-3" itemprop="headline" style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-stretch: normal; line-height: 1.26; margin: 1rem 0px 0.5rem; position: relative; text-align: start;"><span style="font-size: large;"><a href="https://www.proactiveinvestors.co.uk/companies/news/1032511/tnr-gold-s-recent-rejection-of-a-takeover-bid-from-lithium-royalty-has-shone-a-spotlight-on-the-value-of-its-royalty-and-exploration-portfolio-1032511.html" style="color: #6699cc; text-decoration: none;">TNR Gold’s recent rejection of a takeover bid from Lithium Royalty has shone a spotlight on the value of its royalty and exploration portfolio</a></span></h1><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><span style="font-size: large;"><br /></span></div><p style="font-size: 14.85px; font-weight: 400; text-align: start;"><b><span style="font-size: medium;"><a href="https://www.proactiveinvestors.co.uk/teams/details/214/Alastair-Ford" style="color: #6699cc; text-decoration: none;">Alastair Ford</a> </span></b></p><p style="font-size: 14.85px; font-weight: 400; text-align: start;"><b><span style="font-size: medium;"><br /></span></b></p><p style="font-size: 14.85px; font-weight: 400; text-align: center;"><b></b></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><b><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinNDMpwYRmlaGqrqyLDpujsabHh6iI-Ysne1_NN0ekulwW15u_jYWKWFq9VXhVU9CdMESyRHusfNCKeJXi2grLdtnBKdvQKyYjfn3wfRYqvbpBFTgDYppjAIhIXsglkEtWKwdCCmLAUn79C0tXiIgqi04_G1RrlxZ5GK-GGowdD65x_F7XtUM6YtqxoQE/s672/Lithium%20Alastair%20Ford%209.11.2023.jpeg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="331" data-original-width="672" height="198" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEinNDMpwYRmlaGqrqyLDpujsabHh6iI-Ysne1_NN0ekulwW15u_jYWKWFq9VXhVU9CdMESyRHusfNCKeJXi2grLdtnBKdvQKyYjfn3wfRYqvbpBFTgDYppjAIhIXsglkEtWKwdCCmLAUn79C0tXiIgqi04_G1RrlxZ5GK-GGowdD65x_F7XtUM6YtqxoQE/w400-h198/Lithium%20Alastair%20Ford%209.11.2023.jpeg" style="border: medium; position: relative;" width="400" /></a></b></div><b style="font-size: 14.85px; text-align: start;"><span style="font-size: medium;"><br /></span></b><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">"It was a low-ball bid, and it was rejected.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But one thing the recent opportunistic offer for <a href="https://tnrgoldcorp.com/" style="color: #6699cc; text-decoration: none;"><b>TNR Gold</b></a> from <a href="https://www.proactiveinvestors.co.uk/TSE:LIRC/Lithium-Royalty-Corp/" style="box-sizing: border-box; color: #c55400; font-size: inherit; line-height: inherit; text-decoration: none;">Lithium Royalty Corp (TSX:LIRC)</a> did highlight is that people are beginning to smell value.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><b style="color: #6699cc;"><a href="https://kirillklip.blogspot.com/2023/04/alastair-ford-tnr-gold-now-on-solid.html" style="color: #6699cc; text-decoration: none;">TNR’s portfolio of assets has always had a lot going for it.</a></b></p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjl0HZP9Eu7bshxfZeUV71fT3OHw4Srqyc5YxEmQFhKxAKHKZAMaWzvbzyKAvZ75Snn3y7FCmjrrGsRmfavkj5hp2Mi2CO68YnoV3J7z1BHdUemPYBZPVNueYgobImegK3XAf_BxaNoUM1JnnbtbD4PNyCRup-2ZaVC65vf3uGS2PILq3ME18EHKZhumI/s3333/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgjl0HZP9Eu7bshxfZeUV71fT3OHw4Srqyc5YxEmQFhKxAKHKZAMaWzvbzyKAvZ75Snn3y7FCmjrrGsRmfavkj5hp2Mi2CO68YnoV3J7z1BHdUemPYBZPVNueYgobImegK3XAf_BxaNoUM1JnnbtbD4PNyCRup-2ZaVC65vf3uGS2PILq3ME18EHKZhumI/w400-h225/34TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">It’s got a 1.35% royalty on a major lithium project in Argentina that’s currently being developed by Chinese champion Ganfeng.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">It’s got a 0.36% royalty on the giant Los Azules copper, gold and silver project, also in Argentia, that’s currently being worked up by McEwen Mining.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">It’s got a 7% net profits royalty on a Batidero I and II Properties of the Josemaria Project - significant Lundin development project in Argentina.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And separate to all that, it also owns the Shotgun gold project in Alaska, which could well turn out to hold several million ounces of gold.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhg0XYrupa3pBPiU461XJ0XCTH2MPn3EA-VsOlZE4bz2dIdvq05bjxm8nOGyb4jz0kjTYhbMPf9jd5GRKbpKMTCU1MqY8q9fihCck_Cc7E_sfWVRsL8N3LpzSraP1PUJz7i1nF1e0pDaPIQewhqbc3_VI89L3cMzSmnV0mbYzDQEQA1QhOIf1N9UPA9ZiU/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhg0XYrupa3pBPiU461XJ0XCTH2MPn3EA-VsOlZE4bz2dIdvq05bjxm8nOGyb4jz0kjTYhbMPf9jd5GRKbpKMTCU1MqY8q9fihCck_Cc7E_sfWVRsL8N3LpzSraP1PUJz7i1nF1e0pDaPIQewhqbc3_VI89L3cMzSmnV0mbYzDQEQA1QhOIf1N9UPA9ZiU/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Not surprisingly, Lithium Royalty was first attracted to TNR by the royalty on Ganfeng’s Mariana lithium project, which it subsequently bought a portion of.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But equally not surprisingly, once its attention had been drawn towards TNR, it wanted more.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">What seems to have happened, is that after an initial offer to buy the remainder of the Ganfeng royalty was rejected by TNR, Lithium Royalty decided to go all-in for the whole company. Certainly, at the current share price, the value on offer is fairly easy to demonstrate.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But TNR’s shareholders know that too.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">It’s a company that’s fairly closely held, and which is run by a single-minded chief executive in the shape of Kirill Klip.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">TNR is not for sale at bargain basement prices, he said.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgApafxXt-6fPbgneRbkRxUAJsALI-b_QCFTewMwEkZrz2w5DyyhUioxSc2W5LZoEWT_poYiAWNKSJdq3x4oQffmogVLUD_MR6nId7xyMGFj0ghFMPWHVudqKM21E2lcjyVx2Pmatz0UoWbia80_gxSZRLmP6q84Fn77-qyo1q3-zoNEx0PueiwX776Xp4/s1500/242KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1125" data-original-width="1500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgApafxXt-6fPbgneRbkRxUAJsALI-b_QCFTewMwEkZrz2w5DyyhUioxSc2W5LZoEWT_poYiAWNKSJdq3x4oQffmogVLUD_MR6nId7xyMGFj0ghFMPWHVudqKM21E2lcjyVx2Pmatz0UoWbia80_gxSZRLmP6q84Fn77-qyo1q3-zoNEx0PueiwX776Xp4/w400-h300/242KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20February%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And in any case, for now at least, <a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-royalty-holding-ganfengs.html" style="color: #6699cc; text-decoration: none;"><b>TNR wants to hold onto its royalty on Mariana</b></a>. The reason it did sell a portion of it was to pay down debt. But now, TNR looks cashed up to last it through to first income from the Ganfeng royalty itself. There’s no reason to sell. And especially not at a lowball price.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">On the other hand, though, think back to when Klip sold the first part of the royalty. Back then, the lithium price was trading up at around US$80,000 per tonne, a country mile away from where it is now. That deal now looks well vindicated, although he did face some blowback at the time.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Now, though, with lithium on the floor, with cash in the bank, and value also available from gold and copper assets, is not the time to sell.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="72726" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative; text-align: start;">Unrecognized value</h3><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">A recently published <a href="https://tnrgoldcorp.com/analyst-coverage/" style="color: #6699cc; text-decoration: none;"><b>research report on TNR, written by Fundamental Research Corp</b></a>, reckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Were it to start to move towards the Fundamental Research price target, then perhaps Klip might reconsider his unwillingness to sell.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But until then, there’s still too much unrecognised value still inside the company that needs to be husbanded.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Even on a back-of-an-envelope basis this is fairly easy to demonstrate.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Let’s start from the top.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">The current market capitalisation of TNR Gold is just over C$10mln.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAyzIWhKxTylJRYRPfiWCayeIi2HWtKX00IbgnFy8pHtQzVsYy_2OCs88VmZS3k9QXn230thRgk6mk1AFNZDqQfjEW8QTGNGmQ2gspLbA_bnQVrLnzPa2InyFUdtXpFiRyLQrXTdby-mVLwiy_5rUCdtQGV1tJG4jssrXgg8lp9dc3N1diIASxuLh0BBk/s2500/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAyzIWhKxTylJRYRPfiWCayeIi2HWtKX00IbgnFy8pHtQzVsYy_2OCs88VmZS3k9QXn230thRgk6mk1AFNZDqQfjEW8QTGNGmQ2gspLbA_bnQVrLnzPa2InyFUdtXpFiRyLQrXTdby-mVLwiy_5rUCdtQGV1tJG4jssrXgg8lp9dc3N1diIASxuLh0BBk/w400-h300/367KK%20GEM%20Royalty%20TNR%20Gold%20Lithium%20PP%20October%202023.jpg" style="border: medium; position: relative;" width="400" /></a></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: center;"><br /></p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And towards the end of last year, Lithium Royalty paid it US$9mln for a 0.5% royalty in the Mariana project. TNR retains a 1.35% royalty, and also holds 0.15% on behalf of a shareholder. What’s that worth, now that Mariana is less than a year away from production?</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Probably not much less than C$9mln, even allowing for the subsequent decline in the lithium price. After all, lithium could come back, the royalty remains in place, and a year is not long to wait in mining terms, assuming there are no delays.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Even if it’s just the 0.45% royalty that TNR is likely to be left with if Ganfeng exercises its right to acquire the other 1% that TNR owns, that should still prove lucrative enough.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Assuming a long-term lithium price of US$40,000 per tonne, pre-tax income is likely to amount to US$3.6mln a year.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Equally, if the price returns to anything like the levels it was at last year, that number rises to over US$7mln per year.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjx1HJgGAfSymOlsxJpqQ3p4S_-tvt4VmzNhgSalGYy3Rti5xaf0m4YHrWwQa4SepajESoE8PnJdpNWVxuyDdxbYqvbqzLVXzwbLo3iiV7wAoY6TANrxajKm3iEnYW8N71Z17ZhHlQ7fUWlWhsNv5t6VbZVMJCcNSCFgqnVv0iOdkQGiMZrSS-vCAtfHUA/s3333/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjx1HJgGAfSymOlsxJpqQ3p4S_-tvt4VmzNhgSalGYy3Rti5xaf0m4YHrWwQa4SepajESoE8PnJdpNWVxuyDdxbYqvbqzLVXzwbLo3iiV7wAoY6TANrxajKm3iEnYW8N71Z17ZhHlQ7fUWlWhsNv5t6VbZVMJCcNSCFgqnVv0iOdkQGiMZrSS-vCAtfHUA/w400-h225/40TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And there’s likely to be more to come from Mariana, perhaps even before first production. An additional C$0.9mln will come into TNR if Ganfeng exercises its option to buy a further 1% of the royalty back off TNR, and the chances are, with a project this size, that it will. </p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But is the Mariana royalty even the best asset inside TNR?</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_bc9pR86kmK0B0Nhh56yQoBhsFUmgQ84_LHJxhY9sFHVzFcj8zhA0JGdXcNHSvND3W_kRER-6DfOKGl5vSgtFmWOOY3-RdWgw8XKxMyEwSyoTNdhQbVvhDaV6UZ6sGGZ1bcvctTrcVOXB-rujKXj0wSc3o9BBRaKjdU5p3NwjtS7VW4gNYXZZZrcVDJs/s3333/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_bc9pR86kmK0B0Nhh56yQoBhsFUmgQ84_LHJxhY9sFHVzFcj8zhA0JGdXcNHSvND3W_kRER-6DfOKGl5vSgtFmWOOY3-RdWgw8XKxMyEwSyoTNdhQbVvhDaV6UZ6sGGZ1bcvctTrcVOXB-rujKXj0wSc3o9BBRaKjdU5p3NwjtS7VW4gNYXZZZrcVDJs/w400-h225/1TNR%20Gold%20NSR%20Royalty%20Los%20Azules%20Copper%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Arguably not, since <a href="https://kirillklip.blogspot.com/2023/08/tnr-gold-nsr-royalty-on-los-azules.html" style="color: #6699cc; text-decoration: none;"><b>the Los Azules royalty</b></a>, according to some calculations, may be worth as much as US$30mln. <a href="https://kirillklip.blogspot.com/2023/01/tnr-gold-royalty-holding-rob-mcewen.html" style="color: #6699cc; text-decoration: none;"><b>Rob McEwen himself holds a 1.25% NSR royalty over Los Azules</b></a>, and he’s been putting some pretty punchy numbers around his own interest in his recent video presentations.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="96725" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative; text-align: start;">Revenue potential</h3><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">On the assumption of production of 182,000 tonnes of copper per year from Los Azules, and a ballpark copper price of US$10,000 per tonne, TNR could end up receiving income of upwards of US$6.6mln per year from its royalty.</p><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGMmJl7B-AcvWkcMSZtAiMS925jCveEUX_g4tr2NCKFvxCj6fhdrttX0Y1kA_2DZgvV3nJBszFbrd_npVzEHZoZxCkohwlQ4Ibg8dGdkZtYTynkdUv9AIuIovyIF0yz0REsACS2wxIyHcaNH155d4G8XiK-63VJiT-41iSCNnHIkqtkD3P47LZ63VM8aI/s3333/134TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgGMmJl7B-AcvWkcMSZtAiMS925jCveEUX_g4tr2NCKFvxCj6fhdrttX0Y1kA_2DZgvV3nJBszFbrd_npVzEHZoZxCkohwlQ4Ibg8dGdkZtYTynkdUv9AIuIovyIF0yz0REsACS2wxIyHcaNH155d4G8XiK-63VJiT-41iSCNnHIkqtkD3P47LZ63VM8aI/w400-h225/134TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">There are different ways of valuing that, of course, given that more work is needed to get Los Azules into production, but on the basis of what Lithium Royalty paid for its Mariana royalty, the market’s discounting of Los Azules to virtually zero seems overly harsh.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3YKapSBCKO0EyVlftJuGL8OBLZScP-3vp2HbE8l-qDNfG97IC7Y52Mg7Up0OBoXy46iHRmc3xhqbvt9o5Id1Tj3AsLD3iu0mCSRVJmz1pUfqmCzWwkDBKIn3JAwE1AisQ663fnoa2Vu6rOZ_dHIquYDjlJTcEPJ1WUlO3CsqeLJNwWTsEGJR_yDDR-WI/s2500/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj3YKapSBCKO0EyVlftJuGL8OBLZScP-3vp2HbE8l-qDNfG97IC7Y52Mg7Up0OBoXy46iHRmc3xhqbvt9o5Id1Tj3AsLD3iu0mCSRVJmz1pUfqmCzWwkDBKIn3JAwE1AisQ663fnoa2Vu6rOZ_dHIquYDjlJTcEPJ1WUlO3CsqeLJNwWTsEGJR_yDDR-WI/w400-h300/7TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Then there’s the potential value for Shotgun in Alaska. This is a bit more subjective, as the exploration potential remains to be meaningfully quantified. But it’s certainly substantial.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Klip does have some room for manoeuvre here, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZlH0TZskOb2fF3SSoIrfnVzB17iYVPwZtbrmJaoKas5a2w2o0n1rJ7t3Yjnw1lRknPaxyePPRfwyS8WbepLY6JhA2o6dbJM5WfH0mcotDfofVBNmU5sGaXrK7hG_WV1nEi5g1wswlKG3zfmy779tD2FgUReLRqIvLmy2d29mp2PU_tN18kVzmf9thd60/s2500/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="2500" height="300" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZlH0TZskOb2fF3SSoIrfnVzB17iYVPwZtbrmJaoKas5a2w2o0n1rJ7t3Yjnw1lRknPaxyePPRfwyS8WbepLY6JhA2o6dbJM5WfH0mcotDfofVBNmU5sGaXrK7hG_WV1nEi5g1wswlKG3zfmy779tD2FgUReLRqIvLmy2d29mp2PU_tN18kVzmf9thd60/w400-h300/21TNR%20Gold%20Shotgun%20Gold%20Project%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/07/tnr-gold-in-alaskan-elephant-country-i.html" style="color: #6699cc; text-decoration: none;"><b>Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. </b></a>‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five separate targets identified so far.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Klip is reckoning on the best possible outcome for Shotgun – a possible spin-out into a standalone vehicle after a joint venture with a major mining company.</p><h3 class="deep-dive-headline" data-gtm-vis-first-on-screen8377192_139="138175" data-gtm-vis-has-fired8377192_139="1" data-gtm-vis-recent-on-screen8377192_139="138175" data-gtm-vis-total-visible-time8377192_139="100" style="background-color: #feeabf; box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.5rem; font-stretch: normal; line-height: 1.33; margin: 1.25rem 0px 0.75rem; padding-left: 24px; position: relative; text-align: start;">TNR's response</h3><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Given all that, was Lithium Royalty’s C$0.08 offer really realistic?</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">“We will properly entertain any reasonable offer,” says Klip.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And to do so, he’s set up a special committee. He’s also set up a shareholder rights plan, so no opportunist can creep up to over 20% and slide the company away from its existing owners.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">But the real message is that TNR does hold genuine value.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">Plenty of it.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">In a diversified portfolio in more than one jurisdiction.</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">And in metals that will be required for the greening of the economy and for hedging against inflation. </p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;">On a reasonable valuation the company is more than likely to attract further interest in due course. Klip will be ready. He is prepared to cut deals. But at the right price."</p><p style="box-sizing: border-box; font-family: Ubuntu, sans-serif; font-size: 1.125rem; font-stretch: normal; font-weight: 400; line-height: 1.67; margin-bottom: 1rem; margin-top: 0px; text-align: start;"><br /></p><p style="font-size: 14.85px; font-weight: 400; text-align: center;"><b></b></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpotNky6zDFV-VjRV7RC6k4IhhTqsOWe7m55BE5dIaqJ_mgaHm1RXTr_jGaSiowAz9P8WyAtT8DNYIIdql-E60QRECeMXyohS_BWRtT1TY9fG55WBYQkYrciNusw-WfzzGCIgC8yCMl-91MHdFmypy05_nrmCPveLQQ76GOejcfJ5DjRvk7ISCBqY5QHM/s3333/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjpotNky6zDFV-VjRV7RC6k4IhhTqsOWe7m55BE5dIaqJ_mgaHm1RXTr_jGaSiowAz9P8WyAtT8DNYIIdql-E60QRECeMXyohS_BWRtT1TY9fG55WBYQkYrciNusw-WfzzGCIgC8yCMl-91MHdFmypy05_nrmCPveLQQ76GOejcfJ5DjRvk7ISCBqY5QHM/w400-h225/7TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><p style="font-size: 14.85px; font-weight: 400; text-align: start;"></p><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/11/tnr-gold-corp-continuing-to-court.html" style="color: #6699cc; text-decoration: none;">TNR Gold Corp Continuing to Court Interest After "Lowball" Offer Withdrawn by Lithium Royalty Corp</a></h3><div><br /></div><div><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtrovbi6eDseDqbkYvq6irJBmE7hPpzyC7-fLRPPMFbnJCkHMVpYSc6I5UaPX1SpZdiUwHGGsYgVv9SxvzcBkdyVOnU7Qb1kbN9yckkipV9R9Oc-tnz_SQgYPYY4bCPGw2HWkcazRGiGYM8H7KnOW8o56k5ffpBXlkbJjljZ9VjhROWrHwebNaG6w3yC8/s3333/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhtrovbi6eDseDqbkYvq6irJBmE7hPpzyC7-fLRPPMFbnJCkHMVpYSc6I5UaPX1SpZdiUwHGGsYgVv9SxvzcBkdyVOnU7Qb1kbN9yckkipV9R9Oc-tnz_SQgYPYY4bCPGw2HWkcazRGiGYM8H7KnOW8o56k5ffpBXlkbJjljZ9VjhROWrHwebNaG6w3yC8/w400-h225/1TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/10/tnr-gold-corp-executive-chairman-kirill.html" style="color: #6699cc; text-decoration: none;">TNR Gold Corp. Executive Chairman Kirill Klip Responds to Unsolicited Non-binding Offer by Lithium Royalty Corp.</a></h3><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaPWqKWZQ6rjOVxT1Clr9xSxzR5icO_Ce7PLOLSrv0Iu2v_xhB5CVYH_mzz0XOX8uISaUkKI7cuIiKBOqEAd4AoXT01uGruiF9CYxYFEOlDM3PsD7xha14Hhma32samW3uCpbUi3Kg7fx4mgL8HQ6lWDoW9FqsN_obFEWAAjOSJwaGCcakb15gq8ARHc4/s1122/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="636" data-original-width="1122" height="226" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaPWqKWZQ6rjOVxT1Clr9xSxzR5icO_Ce7PLOLSrv0Iu2v_xhB5CVYH_mzz0XOX8uISaUkKI7cuIiKBOqEAd4AoXT01uGruiF9CYxYFEOlDM3PsD7xha14Hhma32samW3uCpbUi3Kg7fx4mgL8HQ6lWDoW9FqsN_obFEWAAjOSJwaGCcakb15gq8ARHc4/w400-h226/TNR%20Gold%20KK%20Proactive%205.10.2023%20Screenshot%202023-10-06%20at%2014.18.57.png" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400; text-align: center;"><br /></div><div class="separator" style="clear: both; font-size: 14.85px; font-weight: 400;"><h3 class="post-title entry-title" itemprop="name" style="font-feature-settings: normal; font-kerning: auto; font-optical-sizing: auto; font-size-adjust: none; font-size: 18px; font-stretch: normal; font-variant-alternates: normal; font-variant-east-asian: normal; font-variant-ligatures: normal; font-variant-numeric: normal; font-variant-position: normal; font-variation-settings: normal; font-weight: normal; line-height: normal; margin: 0px; position: relative; text-align: start;"><a href="https://kirillklip.blogspot.com/2023/10/building-green-energy-metals-royalty_17.html" style="color: #6699cc; text-decoration: none;">Building The Green Energy Metals Royalty and Gold Company: TNR Gold Corp. Announces Special Committee to Evaluate Strategic M&A Opportunities</a></h3></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div style="font-size: 14.85px; font-weight: 400; text-align: start;"><br /></div><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkcw_wrdX3cyP4n7SF4iEmMunlXhWfBLBePltnmgbQN6BCyuYUuGO7o-7yf0LTrZq1P8b7zEBWEbg7VQltFaNJJJgkwys1yTEIwPkIb4tC6ii4rgCR3hMucAoMTKC10y-t1uhekgmK6UoKhG1ZMmKDIespR30twgE2ybW2k1VhNWLrGv9cWO_5xyQaZto/s3333/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" imageanchor="1" style="color: #6699cc; margin-left: 1em; margin-right: 1em; text-decoration: none;"><img border="0" data-original-height="1875" data-original-width="3333" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjkcw_wrdX3cyP4n7SF4iEmMunlXhWfBLBePltnmgbQN6BCyuYUuGO7o-7yf0LTrZq1P8b7zEBWEbg7VQltFaNJJJgkwys1yTEIwPkIb4tC6ii4rgCR3hMucAoMTKC10y-t1uhekgmK6UoKhG1ZMmKDIespR30twgE2ybW2k1VhNWLrGv9cWO_5xyQaZto/w400-h225/11TNR%20Gold%20Investor%20Presentation%20November%202023%20Website%20Final.jpg" style="border: medium; position: relative;" width="400" /></a></div><div class="separator" style="clear: both; text-align: center;"><br /></div></div></b></div></div><br class="Apple-interchange-newline" style="text-align: start;" /></div>Kirill Kliphttp://www.blogger.com/profile/13777846407050117541noreply@blogger.com0