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TNR Gold Corp Acquires 6.1 Million Shares, Boosting Market Confidence

TNR Gold Corp (TSXV: TNR) has announced the acquisition of 6.1 million common shares under its normal course issuer bid. The initiative, underway since June 1, 2023, aims to purchase up to 9,548,639 shares. Throttled to 2% of outstanding shares within 30-day spans, the buyback concludes on June 4, 2024.

TNR Gold Enhances Shareholder Value

The company’s decision stems from the belief that its market price undervalues the true share potential. These shares, bought through PI Financial Corp. via TSX Venture Exchange funds, will be reclassified as unissued. In a strategic move, TNR Gold underscores its commitment to rectify share value misalignment without insider participation.

Strategic Investments and Partnerships

Kirill Klip, TNR’s Executive Chairman, elaborated on the company’s vision. Emphasizing TNR’s role in green energy metals and gold, he outlined the contribution to the energy revolution’s supply chain. Noteworthy collaborations with Ganfeng Lithium, McEwen Mining, and Lundin Mining spotlight TNR’s diversified asset portfolio. The article further discusses the no-debt financial status post loan repayment, alongside the Mariana Lithium Project’s impending commercial production.

About TNR Gold Corp

With a 28-year legacy, TNR Gold Corp is ambitiously positioned in green energy metals and gold. Its strategic model leverages partnerships to foster supply chains, emphasizing royalty cashflows from its diverse portfolio. TNR holds valuable royalties in the Mariana Lithium Project, Los Azules Copper Project, and the Shotgun Gold Project among others, encapsulating a spectrum of gold, copper, silver, and lithium opportunities.

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