TNR Gold Grants Stock Options

TNR Gold Corp. announced the issuance of 4.9 million stock options to its directors, employees and consultants at an exercise price of $0.165 per share. The options expire five years from grant date and are subject to a four-month trading hold period. This routine corporate action follows the company's established stock option plan.

The announcement provides insight into TNR's strategic positioning as a royalty company focused on critical minerals and gold. The company holds a 1.5% NSR royalty on the Mariana Lithium Project in Argentina, which recently commenced production at 20,000 tons per annum lithium chloride capacity under operator Ganfeng Lithium. TNR also maintains royalty positions on the Los Azules Copper Project operated by McEwen Mining and a 7% NPR on properties within the Josemaria Project being developed by Lundin Mining and BHP.

TNR's portfolio reflects the growing intersection between traditional precious metals and critical minerals for the energy transition. Beyond its Argentine royalty holdings, the company owns 90% of the Shotgun Gold porphyry project in Alaska, located near Barrick Gold and Novagold's Donlin Gold development. The company is actively seeking a joint venture partner for this asset.

The stock option grant demonstrates management's commitment to retaining talent while TNR positions itself within the critical minerals supply chain. With production already commenced at Mariana and development advancing on other royalty assets, the company appears well-positioned to generate future cashflows from the energy metals sector while maintaining gold exposure as an economic hedge.