Wednesday, 24 April 2019

Building The Green Energy Metals Royalty Company: TNR Gold Reports On Mariana Lithium Royalty Holding - Giant From China Ganfeng Lithium Advances The Project In Argentina.



"Kirill Klip, Executive Chairman of the Company commented, "We are very pleased to see that Ganfeng Lithium is advancing the Mariana Lithium project in Argentina towards further pre-feasibility studies. The Mariana Lithium preliminary economic assessment ("PEA"), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's share in Mariana Lithium. The 1.8% Mariana NSR Royalty is an important part of TNR Gold's portfolio. 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."





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. - April 24, 2019) - TNR Gold Corp. (TSXV: TNR) ("TNR", "TNR Gold" or the "Company") is pleased to announce that, further to the Company's news release dated January 28, 2019, International Lithium Corp. (TSXV: ILC) ("ILC") issued a news release on April 12, 2019 related to the Mariana Lithium project in Salta Province, Argentina. TNR Gold holds a 1.8% Net Smelter Returns ("NSR") Royalty on the Mariana Lithium project.
The news release issued by ILC stated, "As a result of cash calls made up to the present date, the Company's share in Mariana will reduce from 17.246% to 15.392% by the end of April 2019. A budget of US$4.25 million has been set by the manager for May and June 2019. If expenditure indeed reaches that level, the Company's share in Mariana would reduce further to 13.607%. The Company retains a back-in right entitling it to increase this percentage by a further 10%, i.e. to 23.607%."
Kirill Klip, Executive Chairman of the Company commented, "We are very pleased to see that Ganfeng Lithium is advancing the Mariana Lithium project in Argentina towards further pre-feasibility studies. The Mariana Lithium preliminary economic assessment ("PEA"), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana's life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's share in Mariana Lithium. The 1.8% Mariana NSR Royalty is an important part of TNR Gold's portfolio. 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."
Resignation of COO
The Company also announces that Anthony Kovacs, Chief Operating Officer of TNR Gold has resigned from the Company. He currently serves as COO and director of ILC. The Company would like to thank Mr. Kovacs for his service to TNR Gold.


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 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 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. 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 challenging in the future 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. 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, 22 April 2019

Gold In The Alaskan Elephant Country. McKinsey: Can The Gold Industry Return To The Golden Age? It’s Time To Dig For A Solution To The Gold Mining Reserve Crisis.



Gold loves FED in the election cycle. "Growth solves a lot of problems", according to Larry Kudlow, but what to do when there is no growth anymore? Statutory limitations are making the question to be or not to be elected rhetorical and the only unknown now is what will be the price for the world to pay for the privilege. Among not so many options, throwing US Dollar under the bus seems to be the least unpatriotic compared to many bad choices tried last time. At least it is not a new war.




The majority of voters are not flying to St. Barts for the weekend and they will hardly notice any changes in FED's "Strong Dollar Policy from 1913". They will not be hit with afterparty checks presented in euro. The young libertarians will continue to study Austrian economics on Twitter and play "revolution" with the myriad of sh$tcoins, so weaker dollar will not propel Gold to $10,000 any time soon, which can become uncomfortably disturbing for the lost MMT academics.




And, what is the most important, this is all not a theory anymore and the same Larry Kudlow is calling now for FED to cut 50 basis points. Nobody knows the future, but the weaker dollar and negative real rates, like they are already in Europe, will normally move Gold price higher. Central banks are buying Gold at the highest rate since Nixon closed the Gold window and frontrunning all brave libertarians who are still experimenting with their money being tortured by elliptic-curve cryptography, decentralised, distributed from them and centralised again by the super smart shadow characters on the WEB.





In this perfect picture for the next few years: when we will be promised to see the uninterrupted bull markets supported by the strongest economy, which will be pumped by the fearless FED - we have only one missing piece, according to naughty McKinsey. They have managed to find The Gold Mining Reserve Crisis.




Even sh$tcoins prophets know that supply and demand still matter and only happy hodlers can help them to distribute all hard earned founder coins to the freedom-hungry public who is still hiding on facebook from the Big Brother. Gold market manipulation will work only to a certain extent, rising demand for Gold will require more supply in order to make the increase in Gold price manageable for all organised interested parties involved.




And here we have a problem now, according to McKinsey: "Reserves by major Gold companies have declined 26% from 2012 and now below 2007 levels." M&A will be only part of the solution for some companies as it only redistributes the same Gold reserves, we need new discoveries and new elephant projects coming online just to address the gap between growing demand and available supply.




These two major trends are colliding and pushing the gold price to resume its bullish ascend: weaker dollar which is desired now in order to keep growth intact and keep debt crisis manageable; and available Gold reserves just to keep annual production enough for feeding the increased demand without Gold hitting the headlines every week.




Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the new elephants? Maybe in the Alaskan Elephant Country. Barrick Gold received crucial permits to advance Donlin Gold now and this new developing mining district in the US can make the promise of "Gold In the USA" providing stable supply feasible again and it can become that solution to "The Gold Mining Reserve Crisis" McKinsey is talking about:
"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR Gold ("TNR")is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."




Why More Gold M&A Is Coming: GEM Royalty TNR Gold Presentation - Gold In Alaskan Elephant Country.





Barrick Gold is developing together with NovaGold 40MOZ giant Donlin Gold in Alaska - "arguably the most important Gold project in the world." So where will you be looking for the elephants? Maybe in the Alaskan Elephant Country. Barrick Gold received crucial permits to advance Donlin Gold last week and now this story will be getting more and more interesting.



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.






PDAC 2019: TNR Gold Invites Expressions Of Interest For Shotgun Gold Project, Alaska.




"The Company's strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties," commented Kirill Klip, Executive Chairman of TNR. "We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time."


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.







McKinsey and Company:

Can The Gold Industry Return To The Golden Age?

"The gold industry today finds itself at an inflection point between the recent era of cost-out initiatives and balance sheet deleveraging, and an increasing need to focus on growth and the replenishment of depleting gold reserves. However, after a period of impairments, write-downs, and value destruction following the M&A frenzy of the last gold price boom, shareholders in search of improved returns and greater management accountability are unlikely to support significant M&A programs which have been the traditional mainstay of production growth and gold reserve expansion for major gold companies. The future strategic options to drive growth will differ across industry players, but all will need to consider a mix of organic and inorganic approaches if they want to return to growth in an economic and sustainable way."

Monday, 8 April 2019

Tesla Energy rEVolution And The Golden Age For Copper: A Million Tons Of Copper Is On The Way - It Will Not Be Enough.




Bloomberg brings copper into the headlines again with their analysis of "bullish spirits" observed among analysts at the industry event last week. This is not even a rhetorical question for all insiders: "A Million Tons of Copper Is on the Way - It May Not Be Enough". It can be pronounced with certainty - it will not be enough. I will go here with Goldman Sachs this time. Two major trends are colliding which will define the supply and demand for the Green Energy Metal. We have exponential growth of sales for electric cars, charging, solar and wind energy systems. And lack of new discoveries and head grade going down across all copper industry.




Red metal goes green in the Tesla Energy rEVolution. Goldman Sachs now estimates that copper will be in structural "severe deficits" starting from 2023. And it is happening even before The Switch - the real mass-scale transition to renewable energy generation and when electric cars will affect millions of households all over the world. Despite stormy markets, the smart money was buying all the best copper projects last year. Only new copper giants like Los Azules Copper project under operation by the legendary McEwen Mining can bridge the coming very soon huge supply gap. 




Visual Capitalist presents a brilliant illustration of copper place in the energy rEVolution and particularly in electric vehicles. Smart Grids connecting renewables like Solar and Wind with the grid and charging infrastructure for electric cars will bring another drive for copper demand for very many years to come. Green Energy Metals Royalty Company TNR Gold holds 0.36% NSR Royalty on the entire Los Azules Copper project in Argentina and you can find more information about it in our presentation below.






PDAC 2019: Building The Green Energy Metals Royalty Company: TNR Gold Los Azules Copper NSR Royalty Holding Presentation February 2019.



"We aim to proactively manage our capital and royalty portfolio in order to optimize our holdings and meet strategic goals," commented Kirill Klip, Executive Chairman of TNR. "TNR's strategic initiatives include research and marketing of convertible royalty debentures - debt instruments allowing conversion directly into part-ownership of our royalty holdings; merger and acquisition-related activities aimed at creating partnerships on the basis of our royalty holdings 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 TNR team has the full support of the Company's investment loan capital provider who backs 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 three years, is a resounding show of confidence in TNR's business strategy, asset portfolio and management team. 
"After receipt of debenture loan repayment in February, we have addressed another important issue for TNR by considerably improving our working capital and strengthening the balance sheet. 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. In addition, TNR's business plan includes investigating new strategic acquisitions and developing the Shotgun Gold project in Alaska."
TNR benefits by not being required 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. 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.


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.






Red Metal Goes Green During The Tesla Energy rEVolution: Frank Holmes - Will 2019 Be the Year of King Copper?





I would like to share with you today Frank Holmes's article about the big picture for copper and catalyses coming to this market in the next few years. It looks like Energy rEvolution is starting to take out our streets one by one for real with every new Tesla hitting the road. And now, finally, Tesla Model 3 is introducing the best electric cars at the more affordable prices on a truly massive mass-market scale. China is just going parabolic with EVs adoption and its "1000" new EV makers. Tesla Model Y will kill completely the brave idea that cars should be powered by the controlled explosions under the hood with enormous waste of energy and dire consequences to the health of not only the happy riders but the whole planet. The ICE Age is over and it is time to check your portfolios, Ladies and Gentlemen.




Frank Holmes is the must follow in The Switch - tectonic Energy transition happening in the world and all investment implications for the markets which are still mostly running on the oil fumes. He is CEO of U.S. Global Investors and you can follow his blog here and his twitter feed here. Both are highly recommended.




Talking about Mining Alliance of Trust initiative, Frank Holmes is one of the most trusted voices of common sense, sources of wealth of analysis, amazing charts and education for the generation of investors who are looking to stand out of the herd running to the slaughterhouse and gather the real understanding how the global economy really works and what factors are really driving it. And Mr Market, as you already know, lives his very own life which can be detached from any economic fundamentals for years by playing his favourite game aimed at hurting as many amateurs investors as possible. Here where Mining Alliance of Trust can help us all - we have enough risks in this business - we must weed out all bad actors ourselves as the industry. Every single burnt investor matters - they are never coming back.




We have a huge disconnect in our progress of technology and the material base which is making every single gadget tick and all Tesla Energy rEVolution possible. We must build a new EcoSystem which will allow the financing of full mining cycle in the West or face the world where supply chains are controlled by government-sponsored oligopolies. And this is an extremely polite way of describing the cut-throat competition to control the bottlenecks for the supply of critical materials like lithium for example. We need new ideas about how to connect available capital with entrepreneurs who are building our Green Future possible for all. Join our discussion about Blockchain Technology and the importance of Trust for the future of mining and energy.




The copper market is much more diversified than lithium one and China has not got all keys to the global supply yet, but make no mistake - smart money is buying all the best mining projects. Now, after bankers have been driving their Teslas for a few months, they are all getting the idea that electric cars are not just a fad, but this is the future of transport which is coming much faster than a lot of people are anticipating it. Frank provides great insights into this new excitement for the sector and what is driving the people who are making mining possible.




On our front of building the Green Energy Metals Energy Company, TNR Gold Team has delivered a few very important results already in 2019 after announcing our Strategic Initiatives: we have the very strong alliance with all our major shareholders. Our long-term investment loan was extended for another 3 years in order to allow the further growth of valuation for our existing Royalty Portfolio and active exploration of the new M&A opportunities. Our long-standing financing partner who is providing us capital is supporting our vision, strategic initiatives and the most important, our TNR Gold management Team. Strategic Controlling and active management of our investment portfolio have allowed us to announce the repayment in full of ILC Debenture earlier in February and now we are ready to move forward building our Company for the benefit of all shareholders.




This is where our business model comes into play. It is very important to mention that we do not need to contribute any CAPEX for our Royalty Holdings in Copper and Lithium. Mariana Lithium is being developed by Ganfeng Lithium - one of the major lithium companies from China. And legendary Rob McEwen is taking very good care of the future for the giant Los Azules copper project in Argentina. You can find more information about our NSR Royalty Holdings on the links below and Frank Holmes will connect the dots for you and explain why Red metal is going Green during the Tesla Energy rEVolution.





Tesla rEVolution And The End Of The ICE Age: Welcome A Golden Age For Copper - GEM Royalty TNR Gold Copper Presentation.






"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.





Bloomberg:

A Million Tons of Copper Is on the Way: It May Not Be Enough


  •  
    Analysts at industry event this week are in bullish spirits
  •  
    CRU Group sees copper deficit at 270,000 metric tons by 2023