TNR Gold highlights royalty position as McEwen Copper taps Societe Generale for Los Azules financing

TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) said that McEwen Copper has retained Societe Generale arsenic sole fiscal advisor for task indebtedness financing astatine the Los Azules copper task successful Argentina, a improvement the royalty holder called a important measurement toward construction.

TNR holds a 0.4% nett smelter returns royalty connected Los Azules, which is owned by McEwen Copper, a institution 46.3% held by McEwen Mining Inc (TSX:MUX, NYSE:MUX).

Societe Generale volition pb the structuring and statement of a elder indebtedness bundle to money construction, with financing expected to gully from a operation of export recognition agencies, commercialized banks, multilateral and improvement concern institutions, and imaginable task enslaved oregon different superior markets instruments.

The assignment builds connected McEwen Copper's existing collaboration with the International Finance Corporation, a subordinate of the World Bank Group, which is moving with the institution to align the task with IFC environmental, societal and governance standards up of planetary task financing. The task volition besides beryllium developed successful alignment with the Equator Principles.

"Bringing Societe Generale connected committee marks a important measurement successful advancing Los Azules toward construction," said Michael Meding, managing manager of McEwen Copper. "Societe Generale's planetary task concern level and long-standing relationships with the export recognition agency, multilateral and commercialized banking assemblage marque them an perfect spouse to assistance america assemble a robust, competitively priced indebtedness bundle for 1 of the world's largest undeveloped copper projects."

Los Azules completed 2 foundational milestones successful 2025, including support nether Argentina's Large Investment Incentive Regime, known arsenic RIGI, which grants 30 years of legal, fiscal and customs stability, and work of a feasibility survey confirming archetypal five-year mean accumulation of 205,000 tonnes per annum of copper cathodes astatine a C1 currency outgo of $1.71 per lb implicit a 22-year excavation life. The task besides carries identified upside to widen excavation beingness by an further 33 years.

McEwen Copper is targeting a last concern determination by the extremity of 2026, with operation acceptable to statesman successful aboriginal 2027 and accumulation targeted for 2030, taxable to task financing and customary approvals.

TNR Gold CEO Kirill Klip said the collaboration betwixt McEwen Copper and the IFC could determination the task person to a operation decision.

"Mining successful Argentina is being recognized by the authorities arsenic an integral portion of its economical improvement plan, providing jobs and enriching section communities,” Klip said. “The president of Argentina has introduced important authorities policies aimed astatine supporting concern and unlocking the country's economical potential.”