Altius Minerals Invests CAN$4.2 Million in TNR Gold for 15% Stake

TNR Gold Corp. has announced a strategic investment of CAN$4.2 million from Altius Minerals Corporation. The transaction involves Altius acquiring 15,000,000 common shares of TNR Gold at a price of CAN$0.28 per share through a private placement agreement. This development positions Altius as a significant shareholder in TNR Gold, holding approximately 15% of the company’s issued and outstanding shares following the completion of the deal.

The funds raised from this investment will be allocated toward advancing TNR Gold’s business initiatives and supporting its ongoing projects. The company stated that the proceeds would also be used for general working capital purposes. According to TNR Gold, this partnership aligns with its strategy to collaborate with established industry players while continuing to develop its portfolio of royalty interests in mining projects globally.

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Date: April 6, 2026

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