Tnr Gold Corp. has filed and started mailing a shareholder letter and proxy materials for its upcoming Annual General and Special Meeting, urging investors to vote exclusively using the BLUE proxy ahead of the September 18, 2026 voting deadline. The meeting is scheduled for September 22, 2026, as the company navigates a proxy contest initiated by dissident shareholder Eucalyptus Resources Opportunities Fund 1, LP, led by Jon Christian Evensen.

The incumbent board is defending its record against the dissident slate, pointing to a 775% five-year total shareholder return, the elimination of an investment loan, and a C$4.2 million strategic private placement completed by Altius Resources Inc., a wholly-owned subsidiary of Altius Minerals Corporation. Altius holds a 9.9% interest in TNR Gold following that investment and subsequently increased its stake by acquiring 7,435,000 shares at CAN$0.23 per share on July 17, 2026, lifting its total holding to 30,935,000 common shares.

TNR holds royalty interests across several major South American mining projects. The company holds a 1.5% net smelter return royalty on the Mariana Lithium Project in Salta Province, Argentina, where operator Ganfeng Lithium has commenced production and completed initial lithium chloride exports. In addition, TNR holds a 0.4% net smelter return royalty on the Los Azules Copper Project in Argentina, which is developed by McEwen Inc. with backing from major industrial investors including Rio Tinto and Stellantis.

“This vote is about who shareholders trust to protect TNR Gold and build long-term value ,” said Kirill Klip, Executive Chairman of TNR Gold. “ TNR Gold shareholders are facing a choice: seasoned, steady and professional hands with a proven track record or someone posing as a koala, posting frivolous things and backed by mysterious funds. The facts are clear. TNR has delivered strong returns, eliminated an investment loan, brought in a major strategic investor and advanced a valuable portfolio of lithium, copper and gold assets. We urge shareholders to read the letter, reject Koala's misleading narrative and vote only the BLUE Proxy.” — Kirill Klip, Executive Chairman

The BLUE proxy must be received by 10:00 a.m. Pacific Time on September 18, 2026, with earlier deadlines applying to shares held through banks, brokers or other intermediaries. Shareholders with questions or requiring assistance are directed to contact Kingsdale Advisors.

Read the full announcement: TNR Gold Sets the Record Straight with Letter to Shareholders