Small cap wrap: NextSource Materials, Pantheon Resources, TNR Gold, Happy Creek Minerals, Gunnison Copper, GenIP, Genflow Biosciences.

TNR Gold Corp's Los Azules copper project in Argentina has released a positive feasibility study, with McEwen Inc. conducting the study. TNR holds a 0.4% net smelter returns royalty on the project. Happy Creek Minerals Ltd. announced several corporate developments, including a change in CFO and amended terms to the sale of its Highland Valley Project. Gunnison Copper Corp plans to raise up to $15 million in a non-brokered private placement financing to fund drilling and other activities for its Gunnison Copper Project.

TNR Gold Corp. (OTC: TRRXF) has received a positive update from McEwen Inc. regarding the Los Azules copper project in San Juan, Argentina. The feasibility study, conducted by McEwen Inc., confirms that the Los Azules project is a long-life, low-cost copper operation with strong economic returns and sustainability features. Key metrics from the study include an after-tax NPV of $2.9 billion at an 8% discount rate, an IRR of 19.8%, a payback period of 3.9 years, and an initial capital expenditure of $3.17 billion. The project is expected to have a life of mine of 21 years, with average annual production of 204,800 tonnes in the first five years, decreasing to an average of 148,200 tonnes per year thereafter. The project targets a copper price of $1.71 per pound and an all-in sustaining cost (AISC) of $2.11 per pound.

The feasibility study also highlights the project's commitment to sustainability, including a target of 100% renewable power, a 72% reduction in carbon intensity, and no tailings dam. The project aims to achieve regulatory approvals with RIGI incentives and has signed a collaboration agreement with the International Finance Corporation (IFC) to align with IFC's ESG standards for potential future financing. Preliminary financing proposals from Tier-1 OEMs, YPF Luz, and European ECAs could provide $1.1 billion in equipment and infrastructure support.

TNR Gold holds a 0.4% net smelter returns royalty (NSR) on the Los Azules project, with 0.04% of the NSR royalty held on behalf of a shareholder. The Los Azules project is held by McEwen Copper Inc., which is 46.4% owned by McEwen Inc. The project is designed to be one of the world's first regenerative copper mines and carbon neutral by 2038.

In other news, Happy Creek Minerals Ltd. announced several corporate developments, including a change in CFO and amended terms to the sale of its Highland Valley Project. Gunnison Copper Corp. plans to raise up to $15 million in a non-brokered private placement financing to fund drilling and other activities for its Gunnison Copper Project.

TNR Gold NSR Royalty Update - Los Azules Feasibility Study Confirms Economically Robust Copper Project With Leading ESG Performance^[1] https://www.stocktitan.net/news/TRRXF/tnr-gold-nsr-royalty-update-los-azules-feasibility-study-confirms-0wlag01blf7h.html