Mergers & AcquisitionsMedium•11 November 2026•
1 min read
Altius Minerals to Acquire TNR Gold in Spin-off Deal
Key Facts
1TNR Gold has entered into a definitive arrangement agreement to be acquired by Altius Minerals.
2TNR shareholders will receive 0.0072 of an Altius share and 0.25 of a SpinCo share for each TNR share held.
3TNR Gold will spin out its interest in the Shotgun Gold Project in Alaska into a new independent company.
TNR Gold has entered into a definitive arrangement agreement to be acquired by Altius Minerals, according to Newsfile Corp. Under the terms of the deal, TNR Gold shareholders will receive 0.0072 of an Altius share and 0.25 of a share in a new independent company for each TNR share held.
TNR Gold will spin out its interest in the Shotgun Gold Project in Alaska into the new independent entity (SpinCo). The transaction allows Altius Minerals to consolidate its ownership of TNR Gold while separating the Alaska gold project into a dedicated vehicle for shareholders.