Saturday, 16 February 2019

Building The Green Energy Metals Royalty Company: John Davies, Chairman Of The Audit Committee Of TNR Gold: - "Live The Code", That Being Honour, Commitment And Loyalty."



Building The Green Energy Metals Royalty Company: John Davies, Chairman of The Audit Committee of TNR Gold: - "Live The Code", That Being Honour, Commitment And Loyalty."

John K. Davies

Chairman of the Audit Committee of TNR Gold



Welcome, my name John Davies and as part of video journal entries to assist the investment community and my role as Director of TNR Gold, I wish to address a question today, 14 February 2019, specifically of TNR Gold and our royalty mining business. 




As a royalty streaming company with a direct understanding of the growth of the EV and ‘green energy’ sector as well global infrastructure, we provide investors opportunity for leveraged exposure into the metals and minerals critical to these processes, in specific copper and lithium. This is in addition to our Shotgun Gold Project in Alaska that I will address in a separate discussion. 

Of the copper, the potential undiscounted cash flow estimates of our royalty on McEwen Mining’s Los Azules project amount to $127 million over 36 years over the life of the mine but this is where I wish to point out of said project and the Mariana lithium project, we have no further capital or exploration expenses. 

Our Balance Sheet and working capital are strong, stable and fortified, simple and to the point. 

Royalty streaming is a unique section of the mining world, some call the sector a critical financing arm in early development and at TNR Gold we have carefully crafted a model that understands the vast growth of the EV and ‘green energy’ sector as well as global infrastructure and provide investors opportunity to said sectors as well as serve as a proxy hedge. 

Please visit the TNR Gold website and urge to all investors to perform your own due diligence, note our disclaimers and always follow the advice of a qualified financial adviser prior to making any investment decisions.

Finally, and I further note with pride, I have recently been appointed as Chairman of the Audit Committee for TNR Gold, I wish to make all aware the company has adopted my charge for those whom I have mentored since the 1980s of ‘Live The Code’, that being honour, commitment and loyalty.

This little company with a great ambition will not only maintain the highest standards set by Securities exchanges and accounting principles but set a new bar and commitment to you, the investment community and to our investors and partners. 

That is my promise and when I make a promise, etch it in stone.
John K. Davies





TNR Gold Receives $800,000 On Debenture Loan Repayment By International Lithium.




Vancouver, British Columbia--(Newsfile Corp. - February 11, 2019) - TNR Gold Corp. (TSX-V: TNR) ("TNR" or the "Company") is pleased to announce that it received CAD $807,272.60, representing principal and interest due on up to the date of principal repayment on February 7, 2019, which was due from International Lithium Corp. on a convertible debenture acquired by TNR on November 24, 2017, with a maturity date of January 31, 2019. 
"I am very pleased that we have addressed another important issue for TNR's 2019 business plan and we have considerably improved our working capital and strengthened the balance sheet," commented Kirill Klip, Executive Chairman of TNR. 
"The TNR team has the full and unconditional support of the Company's investment loan capital provider who supports our business plan and long-term strategic initiatives. It's clear that the decision of our investment loan capital provider earlier this year, to extend the due date of the investment loan by 3 years, is a resounding show of confidence in TNR's long-term business strategy, asset portfolio and management team. We have the resources to concentrate our efforts on building a premier green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors, investigating new strategic acquisitions, and development of the Shotgun Gold project in Alaska. 
With increased working capital, it should be pointed out that we do not have to contribute any capital to our royalty holdings on the Los Azules copper project and on the Mariana Lithium Project in Argentina. The Company's strategy with the Shotgun Gold Project is to attract a joint venture partnership with one of the major gold mining companies given a project of this magnitude. TNR is actively introducing the project to interested parties. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute and develop significant long-term value for our shareholders."
Director John Davies added, "TNR Gold has carefully nurtured its asset model to coincide with the enormous growth of the electric vehicle and 'green energy' sector and now, with increased working capital, we can continue to build long-term shareholder value with existing projects while carefully analyzing business opportunities." 


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.



Thursday, 14 February 2019

The Mining Alliance Of Trust: How To Cross The Digital Divide And Finance Tesla Energy rEVolution.



I would like to talk today about the very important issue - the Trust in our mining community. Not just Corporate Governance, Corporate Values, Continuous Disclosure and best industry practices guided by IIROC and BCSC, but very simple, clear and rock-solid term - Trust. You either have it or you don't. 

Today, after Nemaska Lithium announcement yesterday, we will have this issue painfully remanded to so many. In our mining business, as we have discussed numerous times, we inherently have numerous risks which are already presented in our business model: geological, economic, financial, operational, political including resource nationalism - the list goes on and on. The main question is how you can manage these risks, they are not just going away. And everything starts with people - there is no place for any bad actors in our business, we have enough of all other risks already. Every burnt investor is lost for our industry forever. Gold Bugs are literally dying and Millenials are chasing Crypto Bubbles.

We must build The Mining Alliance of Trust - we must build the new EcoSystem, the new network for mining in order to finance the production of critical materials for the Tesla Energy rEVolution. This new EcoSystem must be based not on "likes" or century-old clubs, but on Trust. Sounds like a dream? It is the dream - like everything else - but this one is beautiful.

We need every single dollar of capital available to finance Tesla Energy rEVolution and Electrify all our Energy and Transportation. We must clean our act and weed all bad actors out of the system. We need The Mining Alliance of Trust with Chair as Rob McEwen if he accepts. John Davies' The Code: Honour, Commitment and Loyalty and The Same Boat must be the guiding values and principals. Own what you are talking about, treat others money like yours. We are facing China, they are not enemies, they are Friends, but Africa is gone already and South America is next.


















Tesla Energy rEVolution: How To Cross Digital Divide - GEM Royalty Blockchain Capital Presentation.




Kirill Klip, Executive Chairman of TNR Gold: "Among these strategic initiatives will be research and marketing of convertible royalty debentures - debt instruments allowing conversion directly into part-ownership of our royalty holdings; M&A activities aimed at creating partnerships on the basis of our royalty holding companies and exploring the opportunities provided by blockchain technology in order to create access to capital allocated for crypto assets. We are actively seeking partners who would like to connect their digital assets with our potential future royalty cash-flow streams."

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.

Wednesday, 13 February 2019

Building The Green Energy Metals Royalty Company: John Davies, TNR Gold - Introduction To Blockchain Technology And Crypto Capital Universe.




Building The Green Energy Metals Royalty Company: John Davies, TNR Gold - Introduction To Blockchain Technology And Crypto Capital Universe.

John Davies

Director, TNR Gold

As I have noted previously, I believe very strongly in the future of blockchain technology and consider it as a crucial component for the world of finance going forward. Yet for many, it is confusing sector, for they far too often focus upon the media reporting of the rise and fall of prices of various coins rather than understand the trustworthy nature, note authentication and authorisation, of blockchain technology. With this said, I think best to explain my position and how it relates to the mining sector and invariably much of commodities and countless commercial products. 





First, there is a matter of the proof of origin that is a critical aspect of understanding the ethics of the supply chain, procurement, custody and of course respecting care of the environment and humanity. That matter cannot be ignored particularly as we consider the enormous supply constraints in metals, such as copper, lithium, cobalt and nickel, due to the growth of the EV and ‘green energy’ sectors as well as global infrastructure going forward. 





Yet, there is another area that is critical to understand, that being financing via cryptocurrency. This portal has the potential to accelerate economic development immensely and will prove to be the next great evolution of financing as it will connect the global investment community, large or small, in a flash, assist the funding of emerging opportunities with considerable ease whilst eliminating layer after layer of expense and bureaucracy. Investment funds, connecting the young investor community that trusts digital currency, going directly to the intended target and projects, whether across the city or across the world. In this way, the emergence of financing of cryptocurrency can fuel economic development in every corner of the world and be of enormous benefit to financing in mining, commodities and dare I say the entire finance world.

JKD.





Tesla Energy rEVolution: How To Cross Digital Divide - GEM Royalty Blockchain Capital Presentation.



Kirill Klip, Executive Chairman of TNR Gold: "Among these strategic initiatives will be research and marketing of convertible royalty debentures - debt instruments allowing conversion directly into part-ownership of our royalty holdings; M&A activities aimed at creating partnerships on the basis of our royalty holding companies and exploring the opportunities provided by blockchain technology in order to create access to capital allocated for crypto assets. We are actively seeking partners who would like to connect their digital assets with our potential future royalty cash-flow streams."

LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






Building The Green Energy Metals Royalty Company: TNR Gold Announces Strategic Initiatives - Convertible Royalty Debentures And Exploring Blockchain Technology In Order To Create Access To Capital Allocated For Crypto Assets.




"All junior mining companies are facing a lack of investment capital allocated to our sector in this part of the cycle. It is very difficult to raise capital on acceptable terms without excessive dilution for our shareholders by using only conventional avenues available for our type and size of the company; by issuing securities, using debt instruments or selling assets. We would like to proactively manage our capital base and start a strategic review of our royalty portfolio in order to optimize our holdings and meet strategic goals," stated Kirill Klip, Executive Chairman of TNR. "Among these strategic initiatives will be research and marketing of convertible royalty debentures - debt instruments allowing conversion directly into part-ownership of our royalty holdings; M&A activities aimed at creating partnerships on the basis of our royalty holding companies and exploring the opportunities provided by blockchain technology in order to create access to capital allocated for crypto assets. We are actively seeking partners who would like to connect their digital assets with our potential future royalty cash-flow streams."


"The future of blockchain technology is one of untold promise, and it may provide a more efficient, cost-effective and secure manner for transactions. This will expedite investment, reduce barriers to entry and help further global economic growth. It is of my opinion that blockchain technology is the next great evolution of financing. The evolution of 'crypto capitalism' will further all stages of business, radically streamline costs and ensure the highest possible amount of funds possible are solely directed to projects and connect global investment networks efficiently," commented John Davies, Director of TNR. "At TNR Gold we endeavour to analyze this process in depth, ascertain how blockchain technology can be utilized in the future for capitalization efforts for not only our consideration but for the entire mining and exploration sectors and those involved in commodities. TNR Gold goes beyond the balance sheet as we are the little company with a great ambition to better our world."



Monday, 11 February 2019

TNR Gold Receives $800,000 On Debenture Loan Repayment By International Lithium.



Vancouver, British Columbia--(Newsfile Corp. - February 11, 2019) - TNR Gold Corp. (TSX-V: TNR) ("TNR" or the "Company") is pleased to announce that it received CAD $807,272.60, representing principal and interest due on up to the date of principal repayment on February 7, 2019, which was due from International Lithium Corp. on a convertible debenture acquired by TNR on November 24, 2017, with a maturity date of January 31, 2019. 
"I am very pleased that we have addressed another important issue for TNR's 2019 business plan and we have considerably improved our working capital and strengthened the balance sheet," commented Kirill Klip, Executive Chairman of TNR. 
"The TNR team has the full and unconditional support of the Company's investment loan capital provider who supports our business plan and long-term strategic initiatives. It's clear that the decision of our investment loan capital provider earlier this year, to extend the due date of the investment loan by 3 years, is a resounding show of confidence in TNR's long-term business strategy, asset portfolio and management team. We have the resources to concentrate our efforts on building a premier green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors, investigating new strategic acquisitions, and development of the Shotgun Gold project in Alaska. 
With increased working capital, it should be pointed out that we do not have to contribute any capital to our royalty holdings on the Los Azules copper project and on the Mariana Lithium Project in Argentina. The Company's strategy with the Shotgun Gold Project is to attract a joint venture partnership with one of the major gold mining companies given a project of this magnitude. TNR is actively introducing the project to interested parties. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute and develop significant long-term value for our shareholders."
Director John Davies added, "TNR Gold has carefully nurtured its asset model to coincide with the enormous growth of the electric vehicle and 'green energy' sector and now, with increased working capital, we can continue to build long-term shareholder value with existing projects while carefully analyzing business opportunities." 


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.




TNR Gold:

TNR Gold Receives $800,000 on Debenture Loan Repayment

Vancouver, British Columbia--(Newsfile Corp. - February 11, 2019) - TNR Gold Corp. (TSX-V: TNR) ("TNR" or the "Company") is pleased to announce that it received CAD $807,272.60, representing principal and interest due on up to the date of principal repayment on February 7, 2019, which was due from International Lithium Corp. on a convertible debenture acquired by TNR on November 24, 2017 with a maturity date of January 31, 2019. 
"I am very pleased that we have addressed another important issue for TNR's 2019 business plan and we have considerably improved our working capital and strengthened the balance sheet," commented Kirill Klip, Executive Chairman of TNR. 
"The TNR team has the full and unconditional support of the Company's investment loan capital provider who supports our business plan and long-term strategic initiatives. It's clear that the decision of our investment loan capital provider earlier this year, to extend the due date of the investment loan by 3 years, is a resounding show of confidence in TNR's long-term business strategy, asset portfolio and management team. We have the resources to concentrate our efforts on building a premier green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors, investigating new strategic acquisitions, and development of the Shotgun Gold project in Alaska. 
With increased working capital, it should be pointed out that we do not have to contribute any capital to our royalty holdings on the Los Azules copper project and on the Mariana Lithium Project in Argentina. The Company's strategy with the Shotgun Gold Project is to attract a joint venture partnership with one of the major gold mining companies given a project of this magnitude. TNR is actively introducing the project to interested parties. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute and develop significant long-term value for our shareholders."
Director John Davies added, "TNR Gold has carefully nurtured its asset model to coincide with the enormous growth of the electric vehicle and 'green energy' sector and now, with increased working capital, we can continue to build long-term shareholder value with existing projects while carefully analyzing business opportunities." 



TNR Gold Corp. is working to become the green energy metals royalty company.
Over the past twenty-three years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR royalty on the entire project, which is being developed by McEwen Mining Inc.
In 2009, TNR founded International Lithium Corp. ("ILC"), a green energy metals company that was made public through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada. 
TNR retains a 1.8% NSR royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR royalty on the Mariana Lithium Project, of which 0.9% relates to the Company's NSR royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company's strategy with the Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the Board of Directors,
Kirill Klip
Executive Chairman
For further information concerning this news release please contact +1 604-229-8129
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.






Monday, 28 January 2019

Building The Green Energy Metals Royalty Company: TNR Gold Reports On Mariana Lithium Royalty Holding - Ganfeng Lithium JV In Argentina Filed Report With PEA Results.



"The Mariana Lithium PEA study for ILC is the first preliminary economic study that provides a potential value for the total NSR Royalty from the project's life of mine cash flow. TNR does not have to contribute any capital for development of Mariana Lithium and 1.8% NSR Royalty is an important part of TNR's portfolio," stated Kirill Klip, Executive Chairman of TNR. "The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute significant value for our shareholders."





Lithium Will Power Us For The Next 50 Years And Then Robots: GEM Royalty TNR Gold Lithium Presentation January 2019.






"I am very pleased that the TNR Gold team has the full support of the Company's investment loan capital provider who is supporting our business plan and long-term strategic initiatives," commented Kirill Klip, Executive Chairman of TNR. "It is clear that the decision of our investment loan capital provider is a resounding show of confidence in TNR Gold's long-term business strategy, asset portfolio and management team. Now we can concentrate our efforts on building this green energy metals royalty company by maximizing the value of our royalty portfolio of copper and lithium projects that are instrumental in the electric vehicle and green energy sectors, investigating new strategic acquisitions, and development of the Shotgun Gold project in Alaska. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute and develop significant long-term value for our shareholders."


LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.






TNR Gold:

TNR Gold Reports on Mariana Lithium Royalty Holding


Vancouver, British Columbia--(Newsfile Corp. - January 28, 2019) - TNR Gold Corp.(TSXV: TNR) ("TNR" or the "Company") advises that further to the Company's news release dated December 12, 2018, International Lithium Corp. (TSX-V: ILC) ("ILC") has issued a news release dated January 22, 2019 in relation to the Mariana Lithium project in Salta Province, Argentina. TNR holds a 1.8% Net Smelter Returns ("NSR") Royalty on the Mariana project.
The news release issued by ILC states that a technical report "Preliminary Economic Assessment of the Mariana Lithium Brine Project," or "PEA" with an effective date of November 15, 2018, is now available under ILC's profile on SEDAR, http://www.sedar.com.
The Mariana Lithium project is owned 82.754% by Ganfeng Lithium and 17.246% by ILC.
Highlighted results of the PEA as reported by ILC:
  • 25-year mine life producing 10,000 tonnes per year ("TPY") Lithium Carbonate Equivalent ("LCE") plus 84,000 TPY Sulphate of Potash ("SOP").
  • The estimated CAPEX and OPEX are for a conventional brine extraction facility, solar evaporation ponds and SOP processing with a level of accuracy of -30/+50%.
  • CAPEX estimated at US $243 million for 25-year mine life.
  • NPV = US $192 million after-tax at 10% discount rate, IRR = 20% post-tax.
  • Project results remain positive, even with important negative variations on the driver variables, indicating project strength and resilience; thus, the PEA study indicates Mariana's proposed 10,000 TPY LCE concentrated brine and 84,000 TPY SOP fertilizer operation has the potential to generate strong economic returns.
The following table taken from ILC's news release dated December 6, 2018 presents the Project's base case economic analysis results.
DescriptionUnitsLCESOPTotal
Productiontpy10,00084,000
Mine Lifeyears25
Capital Cost (CAPEX)US$243,425,000
Operating Cost (OPEX)US$46,666,000
Lithium Carbonate Refining CostUS$/t2,900N/A
Average Selling PriceUS$/t9,683550
Annual RevenueUS$96,830,00046,200,000143,030,000
Discount Rate%10%
Net Present Value (NPV) Pre-TaxUS$288,017,000
Internal Rate of Return (IRR) Pre-Tax%23.7
Net Present Value (NPV) Post-TaxUS$191,670,000
Internal Rate of Return (IRR) Post-Tax%20

The technical report issued in accordance with Canadian National Instrument 43-101 - Standards for Disclosure of Mineral Projects ("NI 43-101") and containing the results of the PEA, with the effective date of November 15, 2018, is now filed on SEDAR. All information in this announcement is based on ILC's news release.
ILC press releases and website material appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR Gold Corp. has done sufficient work to analyze, interpret, classify or verify ILC's information to determine the current mineral resource or other information referred to in their press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein."
"The Mariana Lithium PEA study for ILC is the first preliminary economic study that provides a potential value for the total NSR Royalty from the project's life of mine cash flow. TNR does not have to contribute any capital for development of Mariana Lithium and 1.8% NSR Royalty is an important part of TNR's portfolio," stated Kirill Klip, Executive Chairman of TNR. "The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cash flows to contribute significant value for our shareholders."
Afzaal Pirzada, a "Qualified Person" for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release.




TNR Gold Corp. is working to become the green energy metals royalty company.
Over the past twenty-three years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company's expertise, resources and industry network, it identified the potential of the Los Azules copper project in Argentina and now holds a 0.36% NSR royalty on the entire project, which is being developed by McEwen Mining Inc.
TNR holds a strategic stake in International Lithium Corp. ("ILC"), a green energy metals company that was created through the spin-out of TNR's energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.
TNR retains a 1.8% NSR royalty on the Mariana Lithium property in Argentina. ILC has a right to repurchase 1.0% of the NSR royalty on the Mariana Lithium property of which 0.9% relates to the Company's NSR interest. The Company would receive $900,000 on the execution of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.
TNR provides significant exposure to gold through its 90% holding in the Shotgun gold porphyry project in Alaska. The project is located in South-Western Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.
The Company's strategy with Shotgun is to attract a joint venture partner with one of the gold major mining companies. The Company is actively introducing the project to interested parties.
At its core, TNR provides significant exposure to gold, copper and lithium through its holdings in Alaska (the Shotgun gold porphyry project) and Argentina, and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.
On behalf of the Company,
Kirill KlipExecutive Chairman
For further information concerning this news release please contact +1 604-229-8129
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "will", "could" and other similar words, or statements that certain events or conditions "may" or "could" occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR's corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining's and ILC's PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled "Risks" and "Forward-Looking Statements" in the Company's interim and annual Management's Discussion and Analysis which are available under the Company's profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.
In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.
Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management's estimates or opinions change.