“This year, we have expanded the TNR Gold team with like-minded professionals who share our values of honour, commitment and loyalty to our Company. The Advisory Board consists of specialists who have a unique set of skills and will increase access to new business networks, which are crucial for the success of TNR, and build access to new sources of capital,” stated Kirill Klip, Executive Chairman. “Our priorities at this stage continue to be increasing our shareholder base and creating access to additional capital. I would like to welcome Bilal, a significant shareholder of our Company, in his new role, and we will be working closely to introduce the Company to new investment communities and create strategic partnerships.”
We are building The Green Energy Metals Royalty and Gold Company and our holdings with industry leaders like McEwen Mining in Copper and giant from China Ganfeng Lithium will propel our assets portfolio into the future powered by renewable energy.
The Shotgun Gold project in the great state of Alaska provides our company with the exposure to Gold and hedging our potential royalty streams in Copper and Lithium. It is very important that we do not have to contribute any capital to the development of Los Azules Copper and Mariana Lithium and can rely on the technical expertise and balance sheet power of the McEwen Mining under the leadership of legendary Rob McEwen and the largest integrated lithium producer from China - Ganfeng Lithium.
The Shotgun Gold project in the great state of Alaska provides our company with the exposure to Gold and hedging our potential royalty streams in Copper and Lithium. It is very important that we do not have to contribute any capital to the development of Los Azules Copper and Mariana Lithium and can rely on the technical expertise and balance sheet power of the McEwen Mining under the leadership of legendary Rob McEwen and the largest integrated lithium producer from China - Ganfeng Lithium.
I personally own 20% of TNR Gold and our insiders are holding more than 50% of our Company. This year we have achieved very important milestones for our Company, including strong support from our investors who are providing long term investment loan. The main value drivers for TNR Gold in 2019 are:
1. Further development of "the sleeping giant" Los Azules Copper project by McEwen Mining which was granted PAE - special protocol ratifying the mining treaty between Argentina and Chile which is providing the necessary support for the development of the project of with such magnitude.
2. Acceleration of Mariana Lithium development by Ganfeng Lithium with a budget of USD $10 million in the first half of 2019. Ganfeng has announced in its 2018 annual report that they are expecting pre-feasibility and feasibility studies to be produced by the end of this year.
3. In case of the Shotgun Gold project, we are looking for the best partner among the majors to advance this project. Gold price above $1,400 speaks for itself and we have addressed the main catalysts for the gold market in our previous discussions. Gold breaking above $1,400 makes all the difference here and our powerful allies these days are FED who is looking for the growth before the elections by any means and Central Banks who are looking to accumulate as much gold as possible before it is too late.
Please read carefully legal disclaimers. Always DYOR and consult your qualified financial adviser before any investment decisions, you can find more about TNR Gold on tnrgoldcorp.com, SEDAR and SEDI. Do not hesitate to contact us with any questions and subscribe to our updates.
Please read carefully legal disclaimers. Always DYOR and consult your qualified financial adviser before any investment decisions, you can find more about TNR Gold on tnrgoldcorp.com, SEDAR and SEDI. Do not hesitate to contact us with any questions and subscribe to our updates.
TNR Gold:
TNR Gold Appoints Bilal Shirazi To Advisory Board
"Vancouver B.C. October 10, 2019: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that it has appointed Bilal Shirazi to the Company’s Advisory Board.
Bilal Shirazi is a strategic partnership professional with a vast working experience at global technology companies and will be assisting the Company in identifying new strategic opportunities and providing in-depth technology oversight.
Bilal is an avid investor and will be using his extensive network to assist in building TNR’s investor base. Mr. Shirazi will work closely with the Company on developing the existing TNR assets and evaluating emerging opportunities for the Company. He is currently Director of Strategic Partnerships at Tulip and was formerly Director of Digital Platform Management at Rogers Communications. Mr. Shirazi graduated from the University of Waterloo with an Honours degree in Math/Computer Science and is enrolled in an Executive MBA at the Smartly Institute.
“This year, we have expanded the TNR Gold team with like-minded professionals who share our values of honour, commitment and loyalty to our Company. The Advisory Board consists of specialists who have a unique set of skills and will increase access to new business networks, which are crucial for the success of TNR, and build access to new sources of capital,” stated Kirill Klip, Executive Chairman. “Our priorities at this stage continue to be increasing our shareholder base and creating access to additional capital. I would like to welcome Bilal, a significant shareholder of our Company, in his new role, and we will be working closely to introduce the Company to new investment communities and create strategic partnerships.”
ABOUT TNR GOLD Corp.
TNR Gold Corp. is working to become the green energy metals royalty company.
Over the past twenty-three years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
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 Inc.
The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
For further information concerning this news release please contact +1 604-229-8129
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur, although not all forward-looking statements contain these identifying words. Specifically, 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 results of McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company. 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 financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. 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. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. 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.
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."
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