New Risk • May 31
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$152k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). Negative equity (-CA$152k). Earnings have declined by 2.0% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Significant insider selling over the past 3 months (€142k sold). Market cap is less than US$100m (€33.3m market cap, or US$38.8m). New Risk • May 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (18% increase in shares outstanding). Significant insider selling over the past 3 months (€142k sold). Market cap is less than US$100m (€37.0m market cap, or US$43.0m). 공시 • May 26
TNR Gold Corp. announced that it has received CAD 4.17125 million in funding from Altius Resources Inc. On May 25, 2026, TNR Gold Corp. closed the transaction. The company issued 23,500,000 common shares at an issue price of CAD 0.1775 for gross proceeds of CAD 4,171,250. The transaction included participation from Altius Resources Inc. All common shares issued to Altius Resources bear a statutory hold period of four months and one day from the date of closing. Board Change • May 21
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director John Davies was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. 공시 • Jan 16
TNR Gold Corp. Announces Board Changes TNR Gold Corp. announced the appointment of Leopold Sutton to its Board of Directors. Mr. Sutton brings nearly a decade of experience in business transformation consulting, including the design and delivery of enterprise-wide change programs across FTSE 100 organizations. His analytical work has spanned business case development, impact assessments, and governance oversight for complex business transformations. He holds a Chartered Global Management Accountant (CIMA) designation from the Chartered Institute of Management Accountants, an M.A. in Transformational Leadership from Canterbury Christ Church University, and a B.Sc. in Combined Honours in Natural Sciences from the University of Durham. The Company also announced the resignation of Tobias Higgins from the Board of Directors, to accommodate his new professional commitments. Board Change • Dec 30
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 1 highly experienced director. Independent Director Tobias Higgins was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. 공시 • May 02
TNR Gold Corp., Annual General Meeting, Jun 24, 2025 TNR Gold Corp., Annual General Meeting, Jun 24, 2025. Location: british columbia, vancouver Canada 공시 • Aug 22
TNR Gold Corp. announced that it has received CAD 0.309 million in funding On August 21, 2024, TNR Gold Corp. closed the transaction. The company announced that it has issued 5,150,000 units at an issue price of CAD 0.06 per unit for the gross proceeds of CAD 309,000. Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant. Each whole warrant will be exercisable into one common share in the capital of the company at an exercise price of CAD 0.08 per share for two years from the date of issue. All private placement securities will be restricted from trading for a period of four months plus one day from the date of closing. The transaction is oversubscribed. 공시 • Aug 13
TNR Gold Corp. announced that it expects to receive CAD 0.3 million in funding TNR Gold Corp. announced a non-brokered private placement of up to 5,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 300,000 on August 12, 2024. Each unit will consist of one common share and one-half of a non-transferable common share purchase warrant. Each whole warrant will be exercisable into one common share in the capital of the company at an exercise price of CAD 0.08 per share for two years from the date of issue. All private placement securities will be restricted from trading for a period of four months plus one day from the date of closing. New Risk • Jun 04
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Share price has been highly volatile over the past 3 months (12% average weekly change). Revenue is less than US$1m. Market cap is less than US$10m (€8.70m market cap, or US$9.45m). 공시 • Nov 18
TNR Gold Corp., Annual General Meeting, Jan 16, 2024 TNR Gold Corp., Annual General Meeting, Jan 16, 2024. 공시 • Oct 29
Lithium Royalty Corp. (TSX:LIRC) cancelled the acquisition of NR Gold Corp. (TSXV:TNR). Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million on September 25, 2023. As part of consideration, Lithium Royalty will pay CAD 0.08 for each share of TNR Gold. On October 3, 2023, the Board believes the Offer is an opportunistic, “low-ball” offer that is financially inadequate and not in the best interests of TNR or its shareholders.
Lithium Royalty Corp. (TSX:LIRC) cancelled the acquisition of NR Gold Corp. (TSXV:TNR) on October 27, 2023. 공시 • Oct 01
Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million. Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million on September 25, 2023. As part of consideration, Lithium Royalty will pay CAD 0.08 for each share of TNR Gold. 공시 • Dec 26
TNR Gold Corp., Annual General Meeting, Feb 23, 2023 TNR Gold Corp., Annual General Meeting, Feb 23, 2023. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director John Davies was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Director John Davies was the last independent director to join the board, commencing their role in 2018. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Sep 15
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. 1 experienced director. 1 highly experienced director. 1 independent director (2 non-independent directors). Executive Chairman, President & CEO Kirill Klip is the most experienced director on the board, commencing their role in 2009. Independent Director John Davies was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Sep 01
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. 1 highly experienced director. 1 independent director (2 non-independent directors). Executive Chairman, President & CEO Kirill Klip is the most experienced director on the board, commencing their role in 2009. Independent Director John Davies was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors.