Up 230% in a Year: TNR Gold (TSXV:TNR) Soars on Royalty and Partnership Strategy

Highlights

• TNR Gold Corp. (TSXV:TNR) has seen its share price surge 230% over the past year as of January 21, 2026.
• The company focuses on royalties and project generation across gold and green energy metals, avoiding direct mine operation risks.
• The company maintains royalty links to projects operated by Ganfeng Lithium, McEwen Inc., Lundin Mining, and BHP.
• Its asset base combines net smelter return and net profits royalties with a majority-owned gold project.

Gold has been on a sustained upward trajectory since 2025, and this momentum has continued into 2026, creating opportunities for companies focused on gold and related commodities. One such company is TNR Gold Corp. (TSXV:TNR), which has seen its share price rise by 230% over the past year as of January 21, 2026.

About TNR Gold Corp.

TNR Gold Corp. (TSXV:TNR) is developing a portfolio of royalty and project interests with a focus on green energy metals and gold. The company provides exposure to materials tied to energy-related supply chains as well as gold. These materials play roles in current energy-related developments and broader commodity markets. TNR’s structure centers on royalties, partnerships, and project generation. This approach allows the company to maintain interests across several commodities and regions without acting as a mine operator.

Key Royalties and Projects

• Mariana Lithium Project (Argentina) – TNR holds a 1.5% NSR royalty (0.15% held for a shareholder). Operated by Ganfeng Lithium, the project formally started production in February 2025 at a lithium chloride facility with 20,000 tonnes per year capacity. TNR does not contribute capital, yet stands to generate potential royalty cash flows.
• Los Azules Copper Project (Argentina) – TNR holds a 0.4% NSR royalty (0.04% on behalf of a shareholder) on this McEwen Copper Inc.-owned project. The October 2025 feasibility study outlined a long-life, low-cost copper operation with strong economic returns, sustainability measures, and a strategic collaboration with IFC to support financing and infrastructure development.
• Josemaria Project Royalties – TNR has a 7% net profits royalty on the Batidero I and II properties, operated via a joint venture between Lundin Mining and BHP.
• Shotgun Gold Project (Alaska) – TNR owns 90% of this advanced-stage exploration project near the Donlin Gold deposit, one of the world’s largest undeveloped gold resources. The property includes Shotgun Ridge and Winchester prospects, with a 705,960-ounce inferred gold resource. TNR is actively seeking a joint venture with a major gold mining company to advance development through partner capital and operational expertise, potentially via a spinout into the stand-alone AmeriGold entity.

Strategic Growth and Corporate Highlights

• TNR continues a strategic review of developing M&A opportunities, reflecting increased market interest in the company’s green energy metals and gold (GEM) royalty story.
• Management has successfully defended the company from opportunistic takeover attempts, repaid investment loans, and continues to support TNR through private placements, reinforcing confidence in its long-term strategy.
• The company’s approach emphasizes capital preservation, shareholder value, and potential cash flows from royalties.
• TNR positions itself as a diversified metals exposure company with partnerships and royalties across lithium, copper, silver, and gold, collaborating with major industry players like Ganfeng Lithium, McEwen Inc., Lundin Mining, and BHP.

With a diversified portfolio spanning energy metals and gold, active management strategies, and a track record of strategic partnerships, TNR Gold continues to strengthen its position as a royalty-focused company with multi-commodity exposure in both Argentina and Alaska.

TNR closed at CAD 0.16 on January 21, 2026.