MINING.COM(@mining):Altius Minerals has agreed to acquire TNR Gold in an $86 million deal, offering TNR shareholders a 60% premium. The acquisition adds royalty exposure to Argentine copper and lithium: • Los Azules: A 0.36% net smelter return royalty on McEwen Copper’s project, whose investors include Rio Tinto and Stellantis. A 2025 feasibility study outlines average annual production of about 148,200 metric tons of copper cathode over 21 years. Commercial production is targeted for 2030, subject to financing and approvals. • Mariana: A royalty on Ganfeng’s operating lithium brine project, where Altius already holds one. Source: Altius Minerals

2026.11.11 20:28

Altius Minerals has agreed to acquire TNR Gold in an $86 million deal, offering TNR shareholders a 60% premium. The acquisition adds royalty exposure to Argentine copper and lithium: • Los Azules: A 0.36% net smelter return royalty on McEwen Copper’s project, whose investors include Rio Tinto and Stellantis. A 2025 feasibility study outlines average annual production of about 148,200 metric tons of copper cathode over 21 years. Commercial production is targeted for 2030, subject to financing and approvals. • Mariana: A royalty on Ganfeng’s operating lithium brine project, where Altius already holds one. Source: Altius Minerals