TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) announced that it has completed a strategic private placement investment by Altius Resources, raising approximately C$4.2 million in gross proceeds.

The company issued 23.5 million common shares to Altius Resources, a wholly owned subsidiary of Altius Minerals Corporation, for gross proceeds of C$4.17 million.

TNR Gold executive chairman Kirill Klip wrote that the investment supports the company’s strategic development plans and reflects market recognition of its asset portfolio.

“Our business model provides a unique entry point into the creation of supply chains for critical materials like energy metals, which are powering the Energy rEVolution, and the gold industry that is…