TNR Gold signs definitive agreement to be acquired by Altius Minerals

• Altius Minerals signed a definitive agreement on November 11, 2026, to acquire TNR Gold, valuing it at an estimated $122 million.
• Each eligible TNR share will receive 0.0072 Altius common shares and 0.25 common shares of a new spin-off company.
• The implied consideration of approximately $0.48 per share represents a 60% premium to the November 10 closing price.
• The spin-off will hold the Shotgun Gold Project interest in Alaska; Altius will invest approximately C$ 2.2 million for a 19.9% stake.
• Closing is expected in Q1 2027, subject to shareholder, court and exchange approvals; Altius already owns approximately 12.7% of TNR.

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. TNR Gold Corp. published the original content used to generate this news brief via Newsfile (Ref. ID: 202611111246NEWSFILECNPR____20261111_323539_1) on November 11, 2026, and is solely responsible for the information contained therein.