TNR Gold reports increased investment by Altius Minerals
Published: 08:59 22 Jul 2026 EDT
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) announced that Altius Minerals has increased its strategic stake in the company after acquiring an additional 7.435 million shares on the public market.
According to a filing on SEDI dated July 21, Altius purchased the shares at C$0.23 each on July 17, bringing its total holding in TNR Gold to about 30.94 million shares.
TNR Gold’s executive chairman Kirill Klip welcomed the increased investment, saying it marks another milestone for the company's strategy.
"We are delighted to report another powerful milestone that underscores the strength and credibility of TNR Gold's strategy. We welcome Altius increasing its strategic, non-controlling stake in TNR Gold,” he said.
“The closing of the strategic investment, announced on May 25, 2026, enabled TNR Gold to advance the execution of its strategic plan and reflects strong market recognition of the quality of our assets, and their potential."
Klip said TNR's business model provides investors with exposure to critical materials used in the energy transition as well as gold assets.
"Our business model provides a unique entry point into the creation of supply chains for critical materials like energy metals, which are powering the Energy rEVolution, and the gold industry that is providing the ultimate hedge during this part of the economic cycle,” he said.
He added that the company's portfolio spans different stages of the mining cycle and includes partnerships with companies such as McEwen Inc., Ganfeng Lithium, Lundin Mining and BHP on projects that could potentially generate royalty cash flows.
"This coalition of industry leaders and aligned stakeholders validates our royalty-focused approach. Sophisticated partners are actively recognizing, advancing, and helping safeguard our assets through strategic alignment, operational progress, and shared commitment to value creation," Klip said.
Klip also noted that his personal holding of 27.963 million TNR Gold shares reflects his confidence in the company's strategy and management team.
"We look forward to working with Altius to maximize value for all our shareholders,” Klip concluded.
