GEM Royalty TNR Gold Corp.
“TNR Gold Corp is your gateway to the green energy rEVolution and gold stability! We're building a leading green energy metals royalty and gold company, offering a unique entry into the supply chains powering the energy transition. With a 1.5% NSR royalty (of which 0.15% is held on behalf of a shareholder) on the Mariana Lithium Project in Argentina, operated by Ganfeng Lithium, and a 0.4% NSR (of which 0.04% is held on behalf of a shareholder) on the massive Los Azules Copper Project with McEwen Mining—backed by giants like Rio Tinto and Stellantis—we’re positioned for significant cash flows without the capital burden. Add to that our 90% stake in the Shotgun Gold Project in Alaska, near the Donlin Gold deposit, with 705,960 ounces of inferred gold resources, and we’re a diversified powerhouse. TNR delivers exposure to lithium, copper, silver and gold, blending blue-sky discovery with partnerships that drive value—perfect for investors seeking growth and a hedge in today’s economic cycle!”
Kirill Klip, Executive Chairman,
TNR Gold Corp.
“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.”Kirill Klip, Executive Chairman,
TNR Gold Corp.
"Hi, I'm Kirill Klip, Chairman and CEO of TNR Gold Corp. We're at the forefront of the green energy metals sector, with royalty interests in world-class projects like the Mariana Lithium Project and the Los Azules Copper Project in Argentina. The demand for lithium, copper, and other critical metals is surging as the world accelerates its shift towards sustainable energy. At TNR Gold, we're strategically positioned to benefit from this trend, offering investors exposure to the future of energy while maintaining a strong foothold in the gold market. With recent advancements in our key projects, such as Ganfeng Lithium's starting production at Mariana Lithium and McEwen Mining securing environmental permits for Los Azules, we're poised to generate significant value through our royalty interests. My extensive experience in mining and my commitment to sustainable practices drive our mission to contribute to a greener future."
Kirill Klip, Executive Chairman,
TNR Gold Corp.
Gold In The USA, Alaskan Elephant Country: Kirill Klip GEM Royalty TNR Gold Presentation from Kirill Klip
Please read my legal disclaimer. There is NO investment advice on any of Kirill Klip's feeds and blogs. Always consult a qualified financial adviser before making any investment decisions.
Do Your Own Research.
Gold continues to shine incredibly brightly during this magnificent historical rally, and we continue our Chronicles of this mighty Generational Gold Bull Market and TNR Gold's Shotgun Gold Project.
Gold began 2026 climbing on its parabolic trajectory, decisively surpassing the $5,000 per ounce threshold and establishing a series of consecutive all-time highs. This exponential advance reflected sustained momentum driven by factors such as geopolitical uncertainties, central bank purchasing, and investor demand for safe-haven assets.
Key daily closing or peak milestones during this period included:
- January 12: $4,605
- January 14: $4,626
- January 19: $4,671
- January 20: $4,762
- January 21: $4,831
- January 22: $4,936
- January 23: $4,988
- January 24: $5,084
- January 27: $5,181
The rally culminated in a record daily close of $5,418 on January 28, 2026, followed by an intraday surge above $5,590 on January 29, marking one of the most aggressive upward phases in recent history.
On January 30, 2026, gold entered the much needed helathy consolidation stage, which we have been talking about and underwent a significant correction, often characterised in mass media coverage as a "brutal" pullback amid profit-taking, a firmer U.S. dollar, and shifting expectations around monetary policy. Spot prices fell sharply, representing a decline of around 9% from the prior session's levels.
As a reminder of the Big Picture View, all our readers should take into account that the broader context remained constructive: gold recorded a new all-time high monthly close for January at $4,893, underscoring the strength of the underlying trend even after the sharp retracement. This performance highlights gold's role as "The Ultimate Hedge" - a resilient asset amid evolving macroeconomic dynamics, with the metal maintaining substantial year-to-date gains and positioning for potential further advances as market participants monitor inflation, policy developments, and global risks.
Gold has demonstrated incredible performance in the 21st century, providing "The Ultimate Hedge" for all portfolios constructed with stocks, bonds and crypto assets. Asian societies understand the unique qualities of gold very well.
Chart by Nicholas Winton
"TNR Gold's 2025 share price surged 240% from CAD 0.05 to 0.17, fueled by insider purchases totalling over 2 million shares and minimal dilution, as detailed in the attached chart showing a bull flag breakout and heavy accumulation signals." (Analysis by Grok)
The TNR Gold Team started this year on a very strong note, having delivered a 240% increase in our Company's share price in 2025. We reached an intraday high of 19 cents on January 26, 2026.
TNR Gold Team has delivered a 240% increase in our Company share price in 2025 and is now working on achieving the next 100% plus milestone. Nobody knows the future, but we know where we are going.
"My personal share price target for our Company is to reach a minimum of C$0.50, and with all our dedication, your support, and a strong gold market, we can aim at C$1.0 after the successful J/V partnership on the Shotgun Gold Project in Alaska."
“I would like to thank all our shareholders for your overwhelming support, and the vote of confidence in the TNR Gold Team and our strategy for maximizing shareholders value,” stated Kirill Klip, Executive Chairman of TNR Gold. “Our Company has repaid our investment loan in full, and we do not have any debt. We believe that the recent market prices of our shares do not fully reflect the underlying value of TNR’s assets. Our transformation from a project-generator junior mining company into a cashflow-generating royalty company may bring the necessary catalyst for improved market valuation of our assets.”
"Imagine tapping into Alaska's gold-rich Tintina Gold Belt, where TNR Gold's Shotgun Project shines with an inferred resource of 706,000 ounces at 1.1 grams per tonne. Located just 190 km south of the world-class Donlin Gold Project”
“Shotgun Gold offers a prime opportunity for a major mining partnership. With its advanced exploration stage, multiple high-potential targets, and geological similarities to nearby giants, this project is poised for growth.”
We are in the generational Gold Bull Market, but nothing grows straight into the sky, and another healthy consolidation is welcomed now for this magnificent Gold Bull Market after breaking the $5,000 level, ideally above the $4,000 level.
The 50-Year chart from Graddhy shows the magnitude of this historical breakout of gold.
The US National Debt is over $38 Trillion 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 the appetite for US Treasuries.
Central Banks continue to accumulate Gold and diversify their reserve assets. This year, Foreign Central Banks hold more Gold than US Treasuries for the first time since 1966.
Central Banks, Sovereign Wealth Funds and other investors are turning away from the US Dollar. Bloomberg reports: "Dollar's Role in Global Reserves is Withering Away." Greenback is way under 50% as gold's weighting soars.
China is selling US Treasuries and buying gold. The whole world will probably be shocked if China ever reveals the amount of its actual Gold reserves, which are held by numerous entities under China's control, including the citizens of China and the vast Chinese diaspora.
China bought Gold in December for a fourteenth straight month after returning to the market in November last year. So far, after a 7-month pause, China bought 5T in November, 10.3T in December, 5T in January and February, 2.8T in March, 2.2T in April, 1.9T in May, 2.2T in June, 1.9T in July and in August, 1.2T in September, 0.9T in October and November, and 0.93T in December 2025.
New players are coming to the Gold market, bringing a new generation of investors. Tether became one of the World's biggest Gold holders.
It will not surprise our readers that the Gold outperformed global stocks this century. Profits made in the Gold and Silver markets are making their way into the senior miners first.
Gold has broken out of its recent downtrend relative to general equities represented by the S&P 500. Despite Gold hitting all-time highs, there is "No Gold Bubble Yet", while the market valuations of general equities are already overextended and levitating very high in "Bubble territory".
"The Great Rotation" will be fueling this powerful megatrend. Equities are being stretched into Bubble territory, while there is no Gold Bubble yet. Increased allocations to Gold will feed the Gold Bull Market.
Gold miners only woke up relative to the incredible performance of gold. Higher gold prices still have to make their way, resulting in expanding margins, creating profit, and slipping into financials to be noticed by the investment crowds.
Gold miners and exploration companies should be continuing their breakout relative to Gold and jump to the new highs, outperforming the advance of Gold during this healthy consolidation stage.
Gold Miners should lead the gold market during this much-needed healthy consolidation. "The Great Rotation" out of the general equities and, particularly, AI-heavy NASDAQ, into the Real Assets, Gold and Gold Miners will fuel this powerful Bull Market in the making.
The Gold Miners vs Semiconductors chart from Graddhy illustrates the magnitude of the potential move during "The Great Rotation" event. Gold miners and exploration companies are set up for an explosive move during the sector rotation following the unwinding of the AI "Irrational Exuberance".
Profits made in gold and silver are seeking higher leverage in the gold and silver miners. These investments will drive the relative performance of GDX vs gold. We have seen nothing yet. This Great Gold Miners Bull Market has only just started. The next long-term chart illustrates our observation in the context of the longer time frame.
Profits made in the gold and silver markets are making their way into the senior miners first. Only later will new money be allocated to the junior mining sector by investors seeking higher leverage to the rising price of gold.
The TSX Venture Exchange is a home to junior mining and exploration companies. The next chart demonstrates where the most exciting action could be in 2026, driven by the M&A expectations.
The smart money is taking profits in Gold and looking upstream for the new M&A targets among Gold Miners. These investments lifted Gold producers first, and even a minimal spillover in the Gold exploration companies has already created fireworks there.
New fortunes will be created in the gold mining junior space. Nobody knows the future, but history teaches us about manias. "Irrational Exuberance" spills over from AI & crypto into real assets and solid values that some junior miners can represent now.
Gold's next move is to climb to the next elevated level on its way to $10,000 after the healthy consolidation stage to digest the incredible gains gold has made this year already and its surge over $5,000.
The new FED interest rate cuts cycle, ballooning debt and economic uncertainty will drive Gold to new all-time highs. You can find more historical charts and observations in our Chronicles of this Generational Gold Bull Market.
Graddhy has published "The Wild Gold Chart", with a potential technical target price of $48,000. After surging above $5,000 in January this year, my target of $10,000 for Gold seems less outrageous and can be considered a perfectly reasonable milestone from this perspective.
Gold has continued its remarkable upward trajectory in December 2025, advancing toward the $5,000 per ounce milestone with a record daily close of $4,534 on December 26, 2025. This achievement followed a series of consecutive all-time highs, including levels near $4,444 on December 22 and $4,485 on December 23, 2025, capping a historic year in which bullion posted gains exceeding 65%—its strongest annual performance in over four decades.
This coming wave of M&A among Gold producers and investments made by Rob McEwen, Erik Sprott, and other Gold gurus in promising new projects will drive the next stage of remarkable gains for wise investors.
Now you should really pay some serious attention to our main Story: why I believe that the time for the Shotgun Gold Project in Alaska is coming very close to its launch on the new orbit of valuation and development.
"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. 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."
Kirill Klip, Executive Chairman
TNR Gold Corp.
Angela Harmantas from Proactive wrote about the new report on TNR Gold from Fundamental Research Corp.:
"TNR Gold is on the cusp of becoming a revenue-generating royalty company, according to a new report from Fundamental Research, with analysts citing rising lithium and copper prices as key drivers for near-term earnings."
"The company, which focuses on royalties from projects operated by other mining firms, has seen its shares surge 240% year-over-year, significantly outperforming the BetaShares mining royalty ETF, up just 17% over the same period.TNR’s portfolio includes the Shotgun gold project in Alaska, as well as royalties on two advanced South American projects: the Mariana lithium project in Argentina, owned by Ganfeng Lithium (SZSE: 002460), and the Los Azules copper-gold project, controlled by mining veteran Rob McEwen and his institutions." (Angela Harmantas)
"Analysts at Fundamental Research noted that TNR is “awaiting its first royalty payment, expected this quarter, as Ganfeng began production at its Mariana lithium project last year.” Based on current lithium prices, the firm estimates TNR could earn around US$1.6 million annually from Mariana.
“Receiving this first payment will be a major milestone, marking TNR’s transition into a revenue-generating royalty company,” analysts wrote." (Angela Harmantas)
TNR’s Los Azules copper-gold royalty is also drawing attention. McEwen completed a feasibility study in October 2025, confirming the project’s economic attractiveness, and the project was included in Argentina’s Large Investment Incentive Regime (RIGI), granting tax and export benefits. Copper prices, meanwhile, have risen 34% year-over-year to an all-time high of US$5.82 per pound. Fundamental Research estimates TNR could earn US$5 million annually in royalties at conservative copper prices, rising to US$8 million at current spot prices, with construction planned to begin in 2026 and commercial production by 2029. (Angela Harmantas)
"Fundamental Research reiterated its Buy rating on TNR, raising its fair value estimate from C$0.30 to C$0.35 per share. TNR “offers exposure to gold, lithium, and copper through projects in Alaska and Argentina, and is on the verge of earning its first royalty revenue,” analysts wrote, adding that “high metal prices, combined with project milestones, position TNR for significant revenue potential.” (Angela Harmantas)
Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.
"Elsewhere, at the Shotgun gold project in Alaska, TNR is actively seeking a JV partner to advance the project to a Preliminary Economic Assessment (PEA). Shotgun hosts inferred resources totaling 706 Koz of gold at a grade of 1.1 grams per tonne. Analysts believe the project has expansion potential, with the Shotgun Ridge deposit remaining open along strike and at depth." (Angela Harmantas)
The valuation matrix provided by Fundamental Research enables investors to assess the impact of varying copper and lithium price assumptions on the potential valuation of TNR Gold Corp.
Angela Harmantas: "Fundamental Research Reiterated "Buy" Rating for TNR Gold and Increased a Fair Value Estimate From C$0.30 to C$0.35 per Share"
Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.
TNR Gold – AmeriGold – Shotgun Gold
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 to moving this project forward using current geological and geophysical research 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 recognises the growth potential and value to be added to the Shotgun project over time.
I believe that in order to maximise shareholder value and reach the potential valuations presented above, we must preserve capital, reduce the number of outstanding shares and not invest in Alaska with our own capital.
Our strategy, which we presented to potential strategic partners, involves creating a JV with one of the major gold mining companies. Our partner will invest substantial capital in developing the Shotgun Gold Project while earning a stake in the project.
TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.
Management is investigating the best value-creation strategies for the Shotgun Gold Project. It has established 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.
No comments:
Post a Comment