TNR Gold Corp's executive chairman Kirill Klip recently detailed the company's strategic initiatives, including the acquisition of over 6 million shares through its normal course issuer bid program. This move reflects the management's confidence that the current share price undervalues the company's assets, a sentiment echoed by Fundamental Research Corp., which has set a price target of 22 cents per share.
Among the company's notable projects, the Shotgun Gold Project in Alaska stands out with inferred gold reserves exceeding 700,000 ounces. The project benefits from the current uptrend in gold prices and promising drill results, indicating potential for further resource expansion. For more details on the project, visit https://www.tnrgoldcorp.com.
Klip also highlighted the Mariana Lithium Project, a venture with Ganfeng Lithium set to commence production in 2024. This project marks a pivotal shift for TNR Gold Corp towards becoming a green energy metals royalty company, promising its first cash flow from NSR royalty payments without the need for capital investment.
Additionally, the Los Azules Copper Project in Argentina was discussed, with Klip noting recent meetings with the country's new president. These discussions could influence the project's trajectory under new economic policies, potentially enhancing TNR Gold Corp's revenue through increased NSR royalties. The project's anticipated outputs underscore the company's strategic positioning in the green energy sector and its potential for significant financial growth.
