Company Deep Dive
Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.
TNR.V
SELLFLAGTNR Gold Corp. · Basic Materials · Canada · $38M · Avg Vol: $63K/d
TNR Gold operates an asset-light royalty model on world-class copper and lithium projects, including the massive Los Azules copper project. This provides pure, high-margin exposure to the copper supercycle without the capital expenditure inflation or operational risks of active mining. However, its micro-cap status and reliance on third-party operators for development timelines make it a speculative flag.
COMPANY DESCRIPTION
TNR Gold Corp. is a Canadian green energy metals royalty company with a portfolio focused on lithium, copper, and gold. The company's key assets include net smelter return (NSR) royalties on world-class projects, such as the Mariana Lithium Project operated by Ganfeng Lithium and the Los Azules Copper Project operated by McEwen Mining. It operates as a low-overhead royalty play, offering investors diversified exposure to major green transition assets without direct operational risks.
FINANCIAL SUMMARY
| Year | 2021 | 2022 | 2023 | 2024 | 2025 | CAGR |
|---|---|---|---|---|---|---|
| Revenue | — | 0 | 0 | 0 | 0 | — |
| EPS | — | -0.00 | 0.03 | -0.01 | -0.01 | — |
| Shares | — | 191M | 187M | 190M | 210M | +10.2% |
| Debt | 5M | 5M | 25,568 | 111,540 | 52,394 | -67.9% |
| Equity | — | -5M | 439,554 | -57,572 | 29,318 | -74.2% |
| Op CF | — | -631,947 | -1M | -593,321 | -800,193 | — |
| Inv CF | — | 663,193 | 7M | 0 | -2,568 | — |
| Fin CF | — | 137,037 | -6M | 180,858 | 809,372 | — |
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Basic Materials, ranked by industry match, size, and score similarity. Cross-listings of TNR.V are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| TNR.V | TNR Gold Corp.(you) | $38M | 21 | SELL |
| STUD.V | Stallion Uranium Corp. | $35M | 20 | SELL |
| AVL.TO | Avalon Advanced Materials Inc. | $36M | 18 | STRONG SELL |
| MERG.V | Metal Energy Corp. | $32M | 23 | SELL |
| NMC.V | Nuvau Minerals Inc. | $45M | 25 | SELL |
| SAGA.V | SAGA METALS CORP | $36M | 14 | STRONG SELL |
| BRW.V | Brunswick Exploration Inc. | $42M | 15 | STRONG SELL |
| DAU.V | Desert Gold Ventures Inc. | $34M | 26 | SELL |
| GRBM.CN | Green Bridge Metals Corporation | $33M | 26 | SELL |
| FOMO.CN | Formation Metals Inc | $25M | 21 | SELL |
Peer medians: ROE -12.3% · P/E 15.3x · Gross margin 0.0%