TNR Gold board urges rejection of Eucalyptus proxy bid ahead of shareholder vote

Mining Gold & Silver Written by: Proactive 09:07 Tue 08 Sep 2026 --> Proactive has a commercial relationship with TNR Gold Corp. This article was produced independently under Proactive's Editorial Standards Policy . Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Proactive Proactive leads the world in up-to-the-minute, multi-media news provision, events organisation, investor relations management and investor research Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. TNR Gold Corp ( TSX-V:TNR OTC:TRRXF ) View Price & Profile TNR Gold board urges rejection of Eucalyptus proxy bid ahead of shareholder vote Published: 09:07 08 Sep 2026 EDT TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) said it has filed and begun mailing a shareholder letter urging investors to vote only the BLUE proxy for the company's nominees ahead of a proxy contest with Eucalyptus Resources Opportunities Fund 1. The dissident group, led by Jon Christian Evensen and referred to by TNR as "Koala," is seeking to replace TNR's board. In a statement, TNR said it believes the dissident has not made a compelling case to unseat a board that has delivered value creation and progress, and that the dissident slate raises questions about experience, independence, shareholder alignment and suitability to oversee TNR. TNR said Koala has misled shareholders with various claims to keep its true agenda hidden, and has not disclosed all joint actors, offered a better plan, provided a premium for the control being sought, or shown the transparency shareholders should expect from a group seeking to replace an entire board. "This vote is about who shareholders trust to protect TNR Gold and build long-term value," Kirill Klip, executive chairman of TNR Gold, said in a statement. Shareholders face a choice between "seasoned, steady and professional hands with a proven track record" and "someone posing as a koala, posting frivolous things and backed by mysterious funds," Klip said. "The facts are clear," he said, adding that TNR has delivered strong returns, eliminated an investment loan, brought in a major strategic investor and advanced its lithium, copper and gold assets. Continue reading