TNR Gold NSR Royalty Update – IFC Supports McEwen Copper Through Key Collaboration Towards Financing for Los Azules

TNR Gold Corp. has announced a significant development regarding its NSR royalty interest in the Los Azules copper project, with McEwen Mining providing an update on International Finance Corporation (IFC) support for the project. The IFC's involvement represents a major endorsement for the Los Azules development, as the organization is the private sector arm of the World Bank Group and typically provides financing for large-scale infrastructure and resource projects in emerging markets.

The collaboration between the IFC and McEwen Copper towards financing the Los Azules project signals strong institutional confidence in the copper development's viability and strategic importance. This support comes at a critical time for copper projects globally, as demand for the metal continues to grow driven by electrification trends and renewable energy infrastructure development. The IFC's backing could provide the financial foundation needed to advance Los Azules through development and into production.

For TNR Gold, this development enhances the value proposition of its NSR royalty position in the project. The company's shareholders benefit from exposure to the Los Azules copper project without the capital requirements and operational risks associated with mine development. As the project advances with strong institutional support, TNR Gold's royalty stream becomes increasingly valuable, providing potential long-term revenue generation tied to copper production.

The involvement of a multilateral development institution like the IFC also suggests that Los Azules meets high environmental, social, and governance standards, which are increasingly important for modern mining developments. This institutional validation could facilitate additional financing partnerships and reduce execution risk for the project as it moves toward production.