Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million on September 25, 2023.

As part of consideration, Lithium Royalty will pay CAD 0.08 for each share of TNR Gold. On October 3, 2023, the Board believes the Offer is an opportunistic, ?low-ball? offer that is financially inadequate and not in the best interests of TNR or its shareholders.