Altius Acquires TNR Gold, Boosting Argentine Copper and Lithium Exposure
- Reports
- 3
- Developments
- 1
- Repetition
- 67%
New informationRepeats or wire copies
What happened
Altius Minerals agreed to purchase TNR Gold in a deal valued at $122 million. This acquisition boosts Altius's exposure to Argentine copper and lithium while spinning out an Alaska gold project. Separately, Rio Tinto was identified as an investor in McEwen Copper.
From northernminer.com
Why it matters
The acquisition aligns with Altius’s strategy of accumulating royalties on long-life mineral deposits. The deal combines potential future copper revenue from TNR’s royalty on McEwen Copper’s Los Azules project with exposure to Mariana, an operating lithium brine project where Altius already holds a royalty.
From northernminer.com
Who's involved
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.