TRX Gold (TNX) Registration Filing summary

Company overview and business model

• Focuses on exploration and development of gold properties, primarily in Tanzania, with the Buckreef Gold Project as its main asset (55% owned by subsidiary, 45% by Tanzanian government agency).

• Buckreef Gold Project hosts a measured and indicated resource of 2.04 million ounces of gold and an inferred resource of 635,540 ounces.

• Strategy centers on increasing gold production to generate positive cash flow for further exploration and project development.

• Committed to high ESG standards and strong community relations in the Geita Region, Tanzania.

Financial performance and metrics

• Produced 19,389 ounces of gold and sold 19,075 ounces in fiscal 2024, compared to 20,759 ounces produced and 20,864 ounces sold in fiscal 2023.

• As of August 31, 2024, had 280,734,827 common shares outstanding, with additional warrants, stock options, and RSUs potentially increasing share count.

• No material changes in share or loan capital since August 31, 2024.

• Cash balance of approximately $8.3 million as of August 31, 2024.

Use of proceeds and capital allocation

• Net proceeds from securities sales intended for capital expenditures, continued exploration, development, acquisitions, general corporate purposes, and working capital.