• Altius Minerals will acquire all TNR Gold common shares it does not already own, valuing TNR at approximately $122 million, or $0.48 per share.
• Each eligible TNR common share will receive 0.0072 Altius common shares and 0.25 TNR SpinCo common shares.
• The valuation represents a 60% premium to TNR’s November 10, 2026, closing price; completion is expected around Q1 2027.
• The acquisition adds royalty interests in Argentina’s Los Azules copper, Mariana lithium and Josemaria copper-gold projects.
• TNR SpinCo will hold Alaska’s Shotgun Gold Project; a $2.2 million investment will increase Altius’s stake to approximately 19.9%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Altius Minerals Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20261110088876) on November 11, 2026, and is solely responsible for the information contained therein.