Mentioned:
ALS -5.83% TNR -13.73% LUN -12.61%

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)

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