#United States #New York #Shareholders #Eucalyptus Resources #TNR Gold

Eucalyptus Resources Advocates for Shareholder Engagement

Eucalyptus Resources Opportunities Fund 1, LP is calling on shareholders of TNR Gold Corp. to actively participate in the voting process for the upcoming annual general and special meeting scheduled for September 22, 2026. With all voting portals now open, Eucalyptus Resources strongly urges its fellow shareholders to cast their votes in favor of the independent and highly qualified nominees proposed on the GREEN proxy card.

Addressing Escalating Concerns

The motivation behind this call to action stems from significant concerns regarding TNR Management's ongoing attempts to disenfranchise shareholders. These actions have raised alarm bells within the investment community, drawing attention to the management's disregard for the voice of its investors. Eucalyptus Resources, alongside prominent shareholders Jon Christian Evensen and Alicia Cauteruccio Evensen, has positioned itself as a force advocating for shareholder interests.

TNR Gold's management has taken measures to delay critical meetings and manipulate voting processes, which Eucalyptus Resources deems detrimental to shareholder democracy. For instance, the postponement of the meeting by over three months was allegedly intended to facilitate a dilutive private placement, which could skew voting outcomes. Such tactics signal a misalignment between management priorities and those of the shareholders, raising questions about the fiduciary responsibilities of the board.

An Open Call for Action

Eucalyptus Resources encourages shareholders facing any uncertainty or needing voting assistance to reach out to their proxy solicitation agent, Laurel Hill Advisory Group. Contact options are abundant, including phone calls and texts, ensuring every shareholder has the opportunity to participate in this crucial decision-making process.

The overarching goal of Eucalyptus Resources is to restore control of TNR Gold to its rightful owners. Shareholders have expressed frustration over recent management decisions, specifically regarding substantial cash bonuses granted to the Klip family. Concerns also extend to the handling of equity, with many shareholders feeling that their investments are at risk of dilution due to reckless management practices.

Eucalyptus Resources firmly believes that the current management's actions reflect a desperate attempt to maintain control in light of mounting pressure from shareholders advocating for change. On September 7, 2026, TNR Management's legal advisors sent a threatening letter, signaling a refusal to accept proxies from Eucalyptus Resources due to minor technical discrepancies. Such heavy-handed tactics only serve to further galvanize Eucalyptus Resources' campaign for transparency and accountability.

The Case Against Outdated Leadership

The accusations of material misrepresentation against Eucalyptus Resources paint a misleading picture of the advocacy group's intentions. Eucalyptus Resources stands ready to challenge these allegations while continuing to emphasize the importance of shareholder input. The track record of TNR Management, particularly under Kirill Klip, will not go unexamined. Shareholders deserve a comprehensive review of management's history, especially concerning recent financial setbacks and decisions that have adversely impacted their investments.

A critical focus of Eucalyptus Resources is to underscore the importance of a strong and independent board dedicated to long-term value creation for all stakeholders. The company's ongoing efforts to advocate for proper management and hold current leadership accountable would resonate with investors urging transformation.

As the September meeting approaches, the call for shareholders to engage and assert their rights has never been clearer. Voting on the GREEN proxy card stands as a fundamental step toward reclaiming shareholder influence and ensuring that the path forward prioritizes their interests rather than those of a select few. Eucalyptus Resources remains committed to seeing those efforts through and will not back down in the face of adversity.

Conclusion

Eucalyptus Resources exemplifies a proactive approach to corporate governance, emphasizing shareholder rights and responsible management. With a steadfast focus on transparency and accountability, the organization seeks to catalyze significant changes within TNR Gold. As they rally shareholders, they aim to reshape the future of the company for the benefit of all investors. It is essential that shareholders cast their votes decisively and take back control of their investment, ensuring that their voices are heard in the ongoing corporate narrative.