TNR Gold Corp boosted by fresh Stellantis investment in McEwen Copper
–News Direct–
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) Executive Chairman Kirill Klip speaks to Thomas Warner from Proactive London after giant carmaker Stellantis announced its second investment in McEwen Copper, the developer of the Los Azules Project.
Klip explains that Stellantis has invested 42 billion Argentinian pesos, approximately $120 million USD, following a previous investment of 30 billion pesos. He believes the investment reaffirms the confidence in McEwen Copper's potential, valuing the company at around $800 million. TNR holds a 0.4% net smelter returns royalty (NSR Royalty) (of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder) on the Los Azules Copper Project.
The decision to invest further is driven by a positive Preliminary Economic Assessment ...
