Saturday 15 June 2024

Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation

 


We are building The Green Energy Metals Royalty and Gold Company. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

Kirill Klip, Executive Chairman TNR Gold Corp.






Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




TNR Gold Mariana Lithium NSR Royalty Holding - "The view from China: Exclusive Interview with Ganfeng Lithium"



Benchmark Mineral Intelligence has conducted an exclusive interview with Wang Xiaoshen, president of Ganfeng Lithium, China's largest lithium producer. Our Company holds NSR Royalty on Ganfeng's Mariana Lithium Project in Salta, Argentina. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century.


TNR Gold shareholders have a great opportunity to watch this video and explore Ganfeng's strategy to secure lithium resources around the world. Wang Xioshen discusses the state of the lithium and electric vehicle markets. Today we can hear how Ganfeng is getting ready to supply 600,000 T LCE annually by 2030. 


Due to the technical complexity, only the strongest Lithium companies will be able to develop new projects and achieve a significant production increase of Battery Grade Lithium. The whole industry produced 960,000 T LCE of Lithium in 2023 and now we have to jump to over 3 million T LCE per year by 2030. Ganfeng's Chairman is talking about 3 million T LCE annual demand by 2030 and Canaccord Genuity estimated that only Tesla will consume 2.7 million T LCE annually by 2030.



"We have another enormously important development for TNR Gold's royalty partner on the Marina Lithium Project, Ganfeng Lithium. The giant from China signed a 4-year supply agreement for battery materials with Huyndai. Ganfeng Lithium already supplies battery materials to a numeral of the most significant participants in the electric cars space including Tesla, BMW and VW. Hyundai is a fast-growing automaker with a range of cheaper electric cars and rapidly increasing its market share. They are targeting 30% growth for 2024 and will launch more affordable EV models soon."

 


Mariana Lithium is scheduled to start production this year with an estimated 20,000 T per year of Lithium Chloride. This project in Argentina is an integral part of Ganfeng's global strategy to build the dominant vertically integrated lithium business. Ganfeng confirmed its commitment to Argentina and the sustainable way of building its supply chain. The Mariana Lithium Project will be powered by a 120 MW solar farm with integrated battery energy storage.


"Photovoltaic solar park

The Mariana project will be exclusively supplied by power provided by an off-grid solar farm, producing 120 MW from solar panels with 288 MWp of battery storage. The plan is to expand capacity to 150 MW in solar panels, and 360 MWp in battery storage, exclusively manufactured by Ganfeng. 
The system is designed to respect and comply with international standards in quality, energy-saving and environmental care, and has the capacity to supply both the company’s various operational facilities and the crew camp set up for approximately 500 people." (Ganfeng Lithium)



"We have another very significant confirmation of the positive business environment in Argentina for TNR Gold royalty projects. Today you can go over the main pieces of our analysis and find out why we are talking about re-rating of market valuations of our assets. Mariana Lithium is on track towards production later this year and Ganfeng Lithium is confirming its commitment to Argentina and expanding its portfolio."

 


"By developing the Vertically Integrated Lithium Business Modelincluding the production of higher-margin Lithium chemicals, battery materials and, particularly, expanding its Lithium Batteries business, Ganfeng can use its own raw material base of the Lithium supply chain to produce the higher margin products in the supply chain for electric cars." 


Ganfeng is thriving by developing advanced technologies starting from the most efficient extraction of lithium from raw materials and continuing into the production of the new generation of lithium batteries. Lithium Solid-State Batteries open the new chapter at The End of the ICE Age Chronicles. Ganfeng is elevating its Lithium Solid-State Battery technology to a new level of industrial mass-scale production and building state-of-the-art production facilities in China


This cutting-edge Lithium Battery technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range.


For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Today we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology.


Nowadays TNR Gold is moving fast towards the re-rating of the market valuations for our assets. With the first cash flow coming potentially next year from Mariana Lithium the valuation for that asset will be much higher and it will be translated into a higher valuation for all our Company. 


You can find on the links below the latest reports and videos from Salta, Argentina. Ganfeng Lithium is showing very rapid sustainable progress at the Mariana Lithium Project and moving it into the production stage later this year. 

Lithium Royalty Corp. IPO Prospectus

"For all TNR Gold shareholders, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".

 


We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.


On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!




Emily Jarvie: "TNR Gold Has Analysts Bullish on Near-term Royalty Potential from Ganfeng’s Mariana Lithium Project"



"A recently published research report on TNR, written by Fundamental Research Corpreckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." (Alastair Ford)

 


Since our initiating report in September 2023, TNR’s royalty projects have made significant progress,” the analysts wrote in a report. “TNR is up 40% since September 2023.” (Emily Jarvie)



Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.





TNR Gold Reaches Milestone with Ganfeng's Mariana Lithium Project on Track for First Production in 2024


 

“We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle.



“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project, and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for the Company.



“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares, and the ongoing normal course issuer bid allows us to purchase shares in the market to help increase the share value for the Company.



“We are very pleased that the Mariana Lithium Project is progressing smoothly towards commercial production scheduled for 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20,000 tons per year of lithium chloride. 



The Government of Salta has stated that Ganfeng Lithium announced that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward to our first NSR royalty cash flow payments from the Mariana Lithium Project.



“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”



"A recently published research report on TNR, written by Fundamental Research Corpreckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." (Alastair Ford)

Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.

 



Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio

 





Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




TNR Gold:

NEWS RELEASE

TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium Project Scheduled to Commence Production in 2024

"Vancouver, British Columbia – April 8, 2024: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that Ganfeng Lithium has provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which a 0.15% NSR Royalty is held on behalf of a shareholder.



In its 2023 Annual Report, Ganfeng Lithium reported:

“Mariana is a lithium-potassium salt lake located in Salta Province, Argentina. The construction of the project started in June 2022, and the infusion of brine into the salt fields started at the end of 2022. Currently, the construction of the salt fields, salt wells, chemical plants, photovoltaics, and other infrastructure facilities are progressing smoothly, and it is scheduled to produce the first batch of products at the end of 2024.”

 


“We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle.



“Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project, and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for the Company.



“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares, and the ongoing normal course issuer bid allows us to purchase shares in the market to help increase the share value for the Company.



“We are very pleased that the Mariana Lithium Project is progressing smoothly towards commercial production scheduled for 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20,000 tons per year of lithium chloride. The Government of Salta has stated that Ganfeng Lithium announced that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward to our first NSR royalty cash flow payments from the Mariana Lithium Project.



“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”



ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle.

Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle: the power of blue-sky discovery and important partnerships with industry leaders as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.

Over the past twenty-eight years, TNR, through its lead generator business model, has been successful in generating high-quality global exploration projects. With the Company’s expertise, resources and industry network, the potential of the Mariana Lithium Project and Los Azules Copper Project in Argentina among many others have been recognized.

TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“LMA”), has the right to repurchase 1.0% of the NSR royalty on the Mariana Project, of which 0.9% is the Company’s NSR Royalty interest. The Company would receive CAN$900,000 and its shareholder would receive CAN$100,000 on the repurchase by LMA, resulting in TNR holding a 0.45% NSR royalty and its shareholder holding a 0.05% NSR royalty.

The Mariana Lithium Project is 100% owned by Ganfeng Lithium. The Mariana Lithium Project has been approved by the Argentina provincial government of Salta for an environmental impact report, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.

TNR Gold also holds a 0.4% NSR Royalty on the Los Azules Copper Project, of which 0.04% of the 0.4% NSR royalty is held on behalf of a shareholder. The Los Azules Copper Project is being developed by McEwen Mining.

TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.

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. The Company’s strategy with the Shotgun Gold Project is to attract a joint venture partnership with a major gold mining company. The Company is actively introducing the project to interested parties.

At its core, TNR provides a wide scope of exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and royalty holdings in Argentina (the Mariana Lithium project, the Los Azules Copper Project and the Batidero I & II properties of the Josemaria Project), 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
www.tnrgoldcorp.com

For further information concerning this news release please contact Kirill Klip +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, and future potential transactions being considered by the Special Committee and the Board. 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 SEDAR+ profile on www.sedarplus.ca. 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 enter into one or more strategic transactions, partnership or a spin-out, or be able to complete any further royalty acquisitions or sales of royalty interests, or portions thereof; debt or equity financings will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties, in future, challenging the ownership of such mining claims. 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., Ganfeng Lithium and Lundin Mining 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."




Friday 14 June 2024

TNR Gold Los Azules NSR Royalty: McEwen Copper Is Planning The World's First Regenerative Green Copper Mine in Argentina

 


Today you can better understand the idea of Green Copper and why I believe that Argentina has everything to become the Power House of the Tesla Energy rEVolution. Rob McEwen presents his truly extraordinary vision for the world's first regenerative Green Copper mine at Los Azules in Argentina.



All TNR Gold shareholders can appreciate the magnitude of this giant project and I am honoured to be a part of this vision with our Company. On the links below you can find my thoughts on the state of the Copper market, why Argentina is becoming the Power House of Tesla Energy rEVolution and how TNR Gold is building The Green Energy Metals and Gold Company. 



Analysts' reports can help you to do your own research and better understand the potential valuations of TNR Gold Royalty Holdings and our Shotgun Gold Project in Alaska.





Copper breaches $11,000 a ton and FT is writing articles about $40,000 Copper: "Copper price to rocket to $40,000 a tonne, says top trader Andurand".


"Goldman Sachs is talking about Copper price reaching $6.8 per lb driven by the deficit in the market. "If Copper goes to $6 per lb it will put a few smiles on the faces of people around here", Rob explains. "There is a large gap between supply and demand is developing according to Goldman Sachs. And if China comes back on stream, they are the big buyer of Copper... so we could see that number. I will be very happy as Los Azules is projected to be producing copper at $1.7 per lb."

 




This very impressive advance of the Copper price reflects not only the ongoing short squeeze on COMEX but indicates the coming long-term disbalance between supply and demand. "Copper supply will plunge if miners don't get spending", according to Bloomberg.


Investors are looking for the most economically efficient investments in mining. Miners have to choose the best available projects. Only the development of giant Copper projects like Los Azules can provide a significant new long-term stable supply of this critical metal for the future to fill the rising gap between supply and demand.


China dominates the Copper market. According to Bloomberg: "The Asian nation accounts for more than half the world's copper demand". Now China is making a lot of efforts to restart its growth engine, reignite the equity markets and address the problems in its real estate market.


China coming back online will add very significant demand to the infrastructure development plans advanced all over the world during the Energy Transition. Argentina has everything now to become the Power House of the Tesla Energy rEVolution.


Bloomberg reported that Central Puerto SA, Argentina's biggest power supplier, is in talks to invest in McEwen Copper's Los Azules project. TNR Gold holds NSR Royalty on this giant Copper, Gold and Silver Project. 



We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.





On the links below you can find all the latest information about TNR Gold's Royalty portfolio, potential valuations of TNR Gold's NSR Royalty and how Rob McEwen's plan to produce "Green Copper" for Argentina is taking shape. 


"A recently published research report on TNR, written by Fundamental Research Corpreckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." (Alastair Ford)



“Since our initiating report in September 2023, TNR’s royalty projects have made significant progress,” the analysts wrote in a report. “TNR is up 40% since September 2023.” (Emily Jarvie) 


Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.

 


"TNR Gold's 0.36% NSR Royalty could be valued at USD $30 million, based on Rob McEwen's estimations analysing the recent Osisko Gold Royalties deal with SolGold in Ecuador. In the Alastair Ford article, you can find more information about TNR Gold and benchmarks for our GEM Royalty portfolio."

Chart by Nicholas Winton

"As I wrote before, if TNR Gold can do one thing well, it's to identify underappreciated assets and squat on them until pop hype and fanfare wake up the hatchling within. But there’s a certain poetry to this business model; TNR must be warmed in turn by those looking for underappreciated assets, so participating in this type of venture requires a certain kind of paternal patience, no matter the blizzard coming." (Konstantin Klip)



TNR Gold Los Azules Copper NSR Royalty: "Argentina Power Supplier Central Puerto Eyes Stake in McEwen’s Copper Project"


 

 

 

Copper surged to $10,000 per ton, and Goldman Sachs is talking about Copper price reaching $6.8 per lb driven by the deficit in the market. Drills are turning at the giant Los Azules Copper, Gold and Silver project and Rob McEwen is turning more and more heads in the corporate board rooms towards Argentina.



"Bloomberg reports on Copper price advance to $10,000 per ton, following the BHP's $39 Billion "megabid" in an attempt to buy out Anglo American. Copper price was hitting high after high in recent months on its way to $5 per lb. Historically, Copper prices hit an all-time high of $5.0395 per lb in March 2022."


"Rob McEwen describes the opportunity to expand the deposit and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 70 Moz Gold deposit."

 


Rob McEwen met with the President of Argentina Javier Milei and presented personally Los Azules Copper project in April:

"McEwen Copper and McEwen Mining Inc. executives met with President Javier Milei to discuss the Los Azules copper project.

On Tuesday, McEwen Mining’s Chief Executive Officer Robert McEwen, the VP of McEwen Copper & General Manager of Los Azules Michael Meding, General Counsel Carmen Diges, and VP of Corporate Development Stefan Spears had the pleasure to meet with the president of Argentina, Javier Milei. They discussed the current economic and legislative progress made by the Milei government and the advancements towards the development of the large Los Azules copper mine located in the department of Calingasta in San Juan.

During the meeting, Mr. Meding explained that the objective of the current works at Los Azules is to obtain all the technical information necessary to publish a feasibility study early next year. Currently, Los Azules has 22 drilling rigs operating, which makes it the largest such fleet in the country and one of the largest worldwide.

The Company is planning to begin construction of the mine in 2026 and start production in 2029 if the necessary environmental permits are received and financing is in place. Los Azules submitted its Environmental Impact Report in April 2023 and it is currently under evaluation by San Juan’s mining authorities.

Mr. McEwen described to the President that Los Azules is a solid project that will be developed on the basis of regenerative environmental principles, using innovative technologies to produce pure copper for industrial use that will contribute to closing the gap of the significant deficit in copper production required for the electrification of transportation and the change towards a greener future.

In this regard, he highlighted that in order to move forward with multi-billion dollar investments in the Los Azules project free access to foreign exchange and clear rules are required.

After the meeting, Rob McEwen said that "Argentina has a great opportunity and significant potential to become a mining leader, not only at a regional but also at an international level, and that is what we talked about with President Milei”. (McEwen Copper LinkedIn)

 


Now, Bloomberg reports that Central Puerto SA, Argentina's biggest power supplier, is in talks to invest in McEwen Copper's Los Azules project. TNR Gold holds NSR Royalty on this giant Copper, Gold and Silver Project. 



We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.



On the links below you can find all the latest information about TNR Gold's Royalty portfolio, potential valuations of TNR Gold's NSR Royalty and how Rob McEwen's plan to produce "Green Copper" for Argentina is taking shape. 


Very soon we can have all the right partners to start the construction of Los Azules Copper if companies like Central Puerto will join Rob McEwen, Rio Tinto and Stellantis as investors in McEwen Copper. 

 

"(Bloomberg) -- Central Puerto SA, Argentina’s biggest power supplier, is in talks to invest in Canadian miner McEwen Copper Inc.’s Los Azules project, according to people familiar with the matter.

After recently signing a deal for a stake in the Diablillos silver-gold project in Salta province, Central Puerto is committed to getting involved in a second mining venture, according to one person, who like others didn’t want to be named discussing private negotiations. The company is eyeing Los Azules as well as other gold and silver sites. 

Los Azules, in San Juan province, is one of several Argentine copper projects in different stages of development that could turn the country into a major supplier of the wiring metal in a decade. McEwen wants to start construction of its open pit in 2026, but first it is seeking a capital injection of $130 million to keep exploration work on track.

Billionaire Eduardo Eurnekian’s group, Corporacion America SA, has also been looking at Los Azules, according to people familiar.

Central Puerto produced 15% of all of Argentina’s electricity last year, more than any other company, according to its annual report. It continues to spend on new power plants, but has also been diversifying its commodities portfolio with investments in forestry and, now, mining. About 27% of the company is owned by a handful of wealthy Argentines — Guillermo Pablo Reca and Eduardo Jose Escasany, from the banking industry, and the Miguens Bemberg family led by Carlos Jose Miguens, who already has mining interests. 

The power supplier’s incursion into mining comes amid a broader push by local outfits. Recent investment activity by Argentines includes real-estate mogul Eduardo Elsztain’s purchase last month of a stake in a gold project; Jose Luis Manzano’s winning offer to revive a former Vale SA potash site, a tender in which Corporacion America also bid; and moves into lithium by three national oil drillers.

Argentina shares vast mineral resources in the Andes with Chile, the world’s biggest copper exporter. But a mix of unpredictable politics and environmental opposition has prevented Argentina from unearthing many resources on its side of the mountains.

President Javier Milei, who took office in December on a platform to open up business, is seeking legislative approval for tax, currency and customs benefits for big, long-term investments like mining projects. Milei also wanted to scale back protections for glaciers, which impede some exploration in the Andes, but scrapped the plans as part of a bid to make his aggressive reforms more palatable."






Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 
Do Your Own Research.




TNR Gold NSR Royalty Holding, Rob McEwen: "Los Azules Copper - Equivalent to a Giant Gold Project"



Rob McEwen is making a "Deep Dive" into Gold and Copper markets, junior mining companies and what is happening in Canada in the mining investing space. All TNR Gold shareholders must watch this video to understand the true magnitude of the giant Los Azules Copper, Gold and Silver project in San Juan, Argentina. 


Chart by Nicholas Winton

We are building The Green Energy Metals Royalty and Gold Company and TNR Gold holds NSR Royalty on this giant Copper, Gold and Silver project.

"The Los Azules royalty, according to some calculations, may be worth as much as US$30mln. Rob McEwen himself holds a 1.25% NSR royalty over Los Azules, and he’s been putting some pretty punchy numbers around his own interest in his recent video presentations.

On the assumption of production of 182,000 tonnes of copper per year from Los Azules, and a ballpark copper price of US$10,000 per tonne, TNR could end up receiving income of upwards of US$6.6mln per year from its royalty." (Alastair Ford)



Now you can really appreciate what it takes to find and develop a deposit like Los Azules. Rob shares new details of his journey and how his team managed to attract partners like Rio Tinto and Stellanits. They are aiming to "redefine the mining". Rob McEwen is talking about the future of mining and how you can "make it differently" for the benefit of all stakeholders. We are talking here about the "Red Metal Going Green" during the Energy rEVolution.



Goldman Sachs is talking about Copper price reaching $6.8 per lb driven by the deficit in the market. "If Copper goes to $6 per lb it will put a few smiles on the faces of people around here", Rob explains. "There is a large gap between supply and demand is developing according to Goldman Sachs. And if China comes back on stream, they are the big buyer of Copper... so we could see that number. I will be very happy as Los Azules is projected to be producing copper at $1.7 per lb."



Rob McEwen describes the opportunity to expand the deposit and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 70 Moz Gold deposit." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well.


"We have two great videos from McEwen Mining and Rob McEwen to share with you today. TNR Gold shareholders have a new potential valuation reference point for the TNR Gold GEM Royalty portfolio. Rob discusses the Gold and Copper markets and gives great details about different Copper projects in Argentina and their valuations." 

 


We are pleased that significant developments on the advancement of the Los Azules Copper Project towards feasibility have led to the increased Stellantis holdings in McEwen Copper as a strategic partner of this large copper, gold and silver project. 

In February 2023, Stellantis invested ARS $30 billion, and with additional investment of ARS $42 billion made after the new preliminary economic assessment (PEA) publicationhas a total investment of ARS $72 billion. 



An aggregate of US $65 million in McEwen Copper was also invested by Rio Tinto’s Venture Nuton in 2022 and 2023,” stated Kirill Klip, TNR’s Chief Executive Officer. “TNR Gold’s vision is aligned with the leaders of innovation among automakers like Stellantis, whose aim is decarbonizing mobility, and mining industry leaders such as Rob McEwen, whose vision is ‘to build a mine for the future, based on regenerative principles that can achieve net zero carbon emissions by 2038’.



“The green energy rEVolution relies on the supply of critical metals like copper; delivering “green copper” to Argentina and the world will contribute to the clean energy transition and electrification of transportation and energy industries.



“The new president of Argentina introduced important government policies aimed at supporting business and unlocking the country’s economic potential. Mining is being recognized as an integral part of this economic development plan providing jobs and enriching local communities.



“Strong team performance of McEwen Copper is accelerating the advance of Los Azules Project towards completing a feasibility study. The Los Azules Project PEA results highlighted the potential to create a very robust leach project, while reducing environmental footprint, and greater environmental and social stewardship sets the Project apart from other potential mine developments.



“It’s also very encouraging to see an updated independent mineral resource estimate that has increased significantly. These assay results not only validate previous drilling results but also confirm the continuity of mineralization and extend the mineralization.



“Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project.



“Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence (2022). TNR Gold does not have to contribute any capital for the development of the Los Azules Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”



For all TNR Gold shareholders the part at 36" will be particularly interesting. According to Rob: "Osisko went into Ecuador recently and paid USD$50 million for 0.6% NSR Royalty on the deposit which is smaller than Los Azules. So, that will put just a Los Azules NSR Royalty worth maybe USD$100 million." 

"Pursuant to this transaction, McEwen Copper will hold a 100% interest in the Los Azules copper project in San Juan, Argentina, and a 100% interest in the Elder Creek exploration property in Nevada, subject to a 1.25% net smelter return (NSR) royalty on both assets payable to McEwen Mining." McEwen Mining NR July 06, 2021.

 


"MONTRÉAL, Nov. 07, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement with SolGold plc (“SolGold”) (SOLG: TSX & LSE) with respect to a US$50 million royalty financing (the “Transaction”) to support the advancement of SolGold’s Cascabel copper-gold property in northeastern Ecuador.

As part of the Transaction, Osisko will acquire a 0.6% net smelter return royalty (the “NSR”) covering the entire 4,979 hectare Cascabel property, including SolGold’s world-class Alpala project for which SolGold released the results of a pre-feasibility study in April of 2022 (the “PFS”)."

McEwen Mining holds 1.25% NSR Royalty on Los Azules Copper which could be valued at USD $100 million based on the Royalty deal made by Osisko Gold Royalties, according to Rob McEwen. TNR Gold Holds 0.4% NSR Royalty on the giant Los Azules Copper, Gold and Silver project with McEwen Mining, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder. 



TNR Gold's 0.36% NSR Royalty could be valued at USD $30 million, based on Rob McEwen's estimations analysing the recent Osisko Gold Royalties deal with SolGold in Ecuador. In the Alastair Ford article, you can find more information about TNR Gold and benchmarks for our GEM Royalty portfolio.



We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.


On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!