Lithium Royalty Corp (LRC) has proposed a C$15 million acquisition of TNR Gold Corp. This move aims to secure a share of revenues from an Argentina lithium project.

Lithium Royalty’s Unsolicited Offer

LRC made an unsolicited offer to acquire TNR Gold at 8 Canadian cents per share. This offer came after attempts to engage with TNR Gold since mid-July to discuss a potential deal. The offer represents a 45% premium to the closing share price on Thursday.

Company Website: https://www.lithiumroyaltycorp.com

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