Dear ShareHolders,
Congratulations!
Finally, Mr Market has recognised the TNR Gold success story. Our shares closed at 42 cents, up from 30 cents following the announcement on November 11, 2026—an additional 40% gain that further underscores our strong performance.
Thank you for your kind words and warm congratulations. None of this would have been possible without your unwavering support and confidence in our Team. On behalf of the entire TNR Gold Team, please accept our sincere gratitude for your continued trust and long-standing partnership.
Your belief in our vision and commitment has made a meaningful difference to our progress, and we deeply value the relationship we share with you.
Kirill Klip, Executive Chairman of TNR Gold, stated: “The Arrangement Agreement with Altius is a pivotal milestone that fully validates the significant value we have created for TNR Gold shareholders. Altius is a premier and highly respected partner in the mining and royalty sector, and this Transaction delivers a compelling outcome for our shareholders, and we are thrilled to be making this announcement.”
Brian Dalton, CEO of Altius commented: “This transaction adds a significant development stage royalty over the Los Azules project, which offers the potential for decades of increased copper exposure within our portfolio. It also results in the consolidation of an operating stage royalty relating to the Mariana lithium brine project. Both of these assets feature attributes that are hallmarks of Altius’s long-term royalty investing strategy. With long to ultra-long potential resource lives, they provide growth optionality over multiple commodity cycles as well as projected cost curve positions that ensure long-term resiliency. We are also pleased to support the SpinCo as it applies the historical project generation and royalty creation strategy that brought the Los Azules and Mariana royalties into its portfolio.”
Brian Dalton and the talented, dynamic Team at Altius have built an outstanding Company that stands as a true visionary and leader in Canada’s mining royalty sector. We are proud to be part of their success story.
The TNR Gold Team merits recognition for the hard work that produced these results, and I congratulate them today on your behalf.
Our guiding principle remains unchanged: "Solid values in uncertain times.”
Best, and stay safe.
Kirill Klip,
Executive Chairman
TNR Gold Team
We build wealth for our Shareholders. Made in Canada 🇨🇦
Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before making any investment decisions.
Do Your Own Research.
TNR Gold:
NEWS RELEASE
TNR GOLD ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY ALTIUS MINERALS; SHAREHOLDERS TO RECEIVE ALTIUS SHARES AND SHARES OF NEW SPINCO
"Vancouver, British Columbia – November 11, 2026: TNR Gold Corp. (TSX-V: TNR) (“TNR Gold”, “TNR” or the “Company”) is pleased to announce that it has entered into a definitive arrangement agreement dated November 11, 2026 (the “Arrangement Agreement”) with Altius Minerals Corporation (TSX: ALS; OTCQX: ATUSF) (“Altius”), pursuant to which Altius will acquire all of the issued and outstanding common shares of TNR Gold (the “TNR Shares”) that it does not already own, and TNR Gold will spin out its interest in the Shotgun Gold Project in Alaska to a new company (“SpinCo”) (together, the “Transaction”). Under the terms of the Arrangement Agreement, for each TNR Share held, TNR shareholders (other than Altius and dissenting shareholders) will receive 0.0072 of a common share of Altius (an “Altius Share”) and 0.25 of a common share of SpinCo (a “SpinCo Share”) (together, the “Consideration”). The Transaction will be implemented by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia) (the “Arrangement”).
https://tnrgoldcorp.com/2026-news/tnr-gold-enters-into-definitive-agreement-to-be-acquired-by-altius-minerals-shareholders-to-receive-altius-shares-and-shares-of-new-spinco/
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