Mentioned:
A Canadian royalty giant making a new bet on critical minerals projects in Argentina. But, why?
What’s happening:
- Altius Minerals’ (TSX: ALS) wholly owned subsidiary Altius Resources has committed to a $4.1M CAD strategic investment into TNR Gold (TSXV: TNR)
By the numbers:
- Altius Minerals will have an ownership stake of approximately 9.9% following their equity investment into TNR Gold
Why it matters:
- This is the first time ever that Altius Minerals has made a strategic investment into TNR Gold
Going deeper:
- TNR Gold owns multiple precious metals projects and royalties including their 90% interest in the Shotgun Gold project in Alaska and their royalty holdings on multiple critical mineral properties including lithium and copper deposits located in Argentina
- TNR Gold also notably has a 7% net profit royalty interest in the Batidero projects located in San Juan, Argentina which are both being advanced by Lundin Mining (TSX: LUN) and BHP (NYSE: BHP)
