Wednesday 14 February 2024

TNR Gold Mariana Lithium NSR Royalty Partner: Ganfeng Lithium and Automotive Giant Changan Plan to Set up JV to Develop Solid-State Batteries

 

Ganfeng Lithium continues to build a Vertically Integrated Lithium Business spanning across the globe. TNR Gold Mariana Lithium NSR Royalty Partner announced that Ganfeng Lithium is teaming up with the automotive giant Changan to build the next generation of Lithium batteries.



"Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.

Ganfeng is also working on solid-state batteries, saying in the minutes of an investor conference released on May 19 that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.

Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said." (CnEVPost)

 


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 advanced 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. Now we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology.


TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. 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 retains a 1.35% NSR royalty on the Mariana Lithium projectthat is being developed by Ganfeng Lithium in Argentina. We also hold a 0.36% NSR royalty on the Los Azules copper project that is being developed by McEwen Mining in Argentina. In addition, TNR holds a 7% net profits royalty on the Batidero I and II properties of the Josemaria project that is being developed by Lundin Mining in Argentina. TNR also provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska.

 


In February 2023, LRC valued only a portion of the Company at US $9 million, based on its purchase of the 0.5% NSR royalty involving the Mariana Lithium project in Argentina for US $9 million. LRC’s recent offer of CAD $15 million (approximately US $11 million) for the entire Company was opportunistic and financially inadequate. The duty of the board is to maximize the potential value of our assets and our Company’s valuation for all of our shareholders, and the fair treatment of all shareholders. The special committee will help the board achieve these aims by evaluating opportunities in the most streamlined, efficient manner possible. We are engaging with multiple parties proposing much higher potential valuations for our assets than LRC’s recent proposal, and these are the opportunities that the special committee will focus on first."



Now TNR Gold is moving fast towards the re-rating of the market valuations for our assets. With the first cash flow coming potentially this 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 next year. 


"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".

 


"How to spot the next M&A target? What if you learn that insiders of major Royalty companies have bought personal stakes in a small but very promising company holding royalties in lithium, copper, gold and silver projects under development by industry leaders like Ganfeng Lithium, Rio Tinto, McEwen Mining and Lundin Mining?"

 



We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.


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!


CnEVPost:


Changan, Ganfeng plan to set up JV to develop solid-state batteries

Phate Zhang

Changan and Ganfeng will set up a joint venture based on equal shareholding to accelerate solid-state battery development and manufacturing.

Automotive giant Changan Automobile is teaming up with Ganfeng Lithium -- the world's largest lithium producer by market capitalization -- to build next-generation batteries.

Changan and Ganfeng signed a memorandum of cooperation in Ningbo, Zhejiang province, on December 22 to establish a long-term strategic partnership, according to a stock exchange announcement by the carmaker yesterday.

The two sides will establish a joint venture company based on equal shareholdings to accelerate solid-state battery research, development and manufacturing, according to the announcement.

Based on cooperation in next-generation solid-state battery technology, Changan and Ganfeng will also explore cooperation in areas including lithium mining resources, lithium processing, battery materials, and recycling of used batteries, the announcement said.

The partnership is part of Changan's Shangri-La program released in 2017 to accelerate its new energy vehicle (NEV) transformation, the automaker said.

The two will work together to build an internationally competitive solid-state battery research, development and manufacturing base to promote faster industrialization of solid-state battery technology, Ganfeng chairman Li Liangbin said, according to a Changan press release.

The next-generation solid-state battery technology mentioned in the announcement may first be installed in models from Changan's NEV unit Deepal, local media Yicai said in a report yesterday, citing an insider.

In Changan's research and development system, the division related to battery development was first at Changan New Energy, which was later renamed Deepal, Yicai's report noted.

In addition to Deepal, Changan's sub-brands focused on the NEV sector include Avatr, Nevo (or Qiyuan).

Changan New Energy began developing its own battery cells in 2022. On November 2 this year, Deepal saw the first 4C fast-charging battery cell Pre-A prototype roll off the production line.

CATL Changan, a joint venture between Deepal, Changan and CATL, saw its first battery cell roll off the production line on November 24.

Changan is betting big on battery R&D, announcing on November 17, the first day of the Guangzhou auto show, that it plans to launch eight models of in-house developed battery cells by 2030, including liquid, semi-solid, solid technologies, and that its annual battery production capacity will be no less than 150 GWh.

Changan already has more than 1,200 battery R&D staff and the battery team will reach 3,000 by 2024, it announced at the Guangzhou auto show.

The carmaker is developing leading-edge solid-state batteries for gradual mass production starting in 2025, with energy densities of 350-500 Wh/kg, Changan said at an investor communication last month, according to minutes of a meeting it released at the Shanghai Stock Exchange.

Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.

Ganfeng is also working on solid-state batteries, saying in the minutes of an investor conference released on May 19 that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.

Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said."




Sunday 4 February 2024

Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold




Guest post:

Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold





We were talking here about the 20-year top for the US Dollar. Now will be a perfect time to revisit the big picture for the US Dollar, Gold and Silver.



FOMO is driving everything in the markets these days. We are getting closer by the day to this ignition stage for Gold and Silver now. 



"US Dollar was going parabolic making high after high this year. FED missed the coming Inflation Shock after printing trillions of dollars, was well behind the curve and turned hawkish breaking all markets and bursting all bubbles simultaneously."

 


"The brutal sell-off in the markets has confirmed an almost 100% correlation between Bitcoin, Tech Stocks and even S&P while the correlation between Gold and Bitcoin happens to be now nearly zero. Gold is The Ultimate Hedge."



Gold becomes The Ultimate Hedge for all portfolios constructed with equities, bonds and crypto-assets. Incrementum provided us with a very interesting reminder about FED, Gold and rate hikes by Greenspan.


A lot of very smart people will be surprised to find out that "Gold bottomed soon after Greenspan's 1st hike in 1999 - 1st rate hike on 30th of June 30, 1999, and low of Gold for the Cycle on 20th of July, 1999".


Gold surged past the Pandemic's record, Gold made a new all-time high at $2,080 and finished 2023 with the highest monthly close in history at $2,063. The previous all-time high at $2,072 was made by Gold on December 1, 2023. 


We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.


"Now we have the generational breakout in the making. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. Next is a climb to $2,500, $5,000 and over $10,000. Graddhy is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards $10,000 - $15,000 range per ounce." 

 


Otavio Costa provides us with his big-picture view of Gold. As usual, even a very small percentage of funds flowing from equities and crypto can start the real fireworks in the Gold market.


Patrick Karim is painting with his beautiful charts the wonderful picture of the magnitude of these fireworks and potential targets for this Next Leg Up of the Mega Gold Bull Market. Gold and Silver miners are very cheap.


We are getting closer to The Next Catalyst for Gold. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by "The Ponzi on Steroids". "The Thousand and One" digitized scams known to humans remain scams even on the blockchains.






Gold mining stocks are ready to follow the Gold breakout after its Golden Cross and to drive their owners into the future climbing up over a huge wall of worry.


Gold and silver miners have been hitting another major oversold condition in the marketplace and explorers are extremely undervalued. The right entry point will always defy the probability of your investment success and now we have another truly unique entry point for the best mining stories.


Central banks continue to accumulate Gold while retail investors are chasing Crypto Dragons.


"High gold price reflects strong demand
Another year of blistering central bank buying, together with resilient jewellery consumption, offset sizable ETF outflows. 

Annual gold demand (excluding OTC) of 4,448t was 5% below a very strong 2022. Inclusive of significant OTC and stock flows (398t), total gold demand in 2023 was the highest on record at 4,899t.
Central bank buying maintained a breakneck pace. Annual net purchases of 1,037t almost matched the 2022 record, falling just 45t short." (World Gold Council, 31 January 2024)


China continues to accumulate Gold and reported a jump in reserves.


Do not miss the wake-up call when Gold will be hitting the next all-time high coming out of this very powerful long-term Cup-and-Handle formation.


TNR Gold shareholder NovaGold is putting the Peak Gold situation into perspective after reporting another set of great exploration results at the Donlin Gold Project in Alaska.


Barrick Gold CEO has been talking about "unlocking the tremendous potential of Donlin Gold" and it is time for us to discuss the value proposition of Shotgun Gold. Smart money is accumulating the best Gold Stories to climb over a huge wall of worry following another major leg up for this Gold Bull Market propelled by the debasement of all currencies.


My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin.  

Kirill Klip, Executive Chairman

TNR Gold Corp.



Shotgun Gold is a Project located in South West Alaska, USA, in the same regional area as Novagold’s Donlin Gold Project.


Lang’s & Baker’s 2001 academic study specifically identifies both projects as "major porphyry granite-related gold deposits" that are related to a widespread magmatic gold mineralising event. Riveting stuff. What it implies in layman’s terms is that both projects arose from the same geological kitchen sink, leading one to the supposition that they should both possess similar favourable geological properties. 


To that effect, Shotgun’s general mineralisation style resembles the neighbouring Donlin Gold project. For instance, Shotgun’s particular intrusion is associated with 69.7Ma magmatism while Donlin Gold holds 70ma magmatism.


Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been identified to possess little-to-no "nugget effect". A high ‘nugget effect’ means high variability between samples that are closely spaced. "No nugget effect" implies tight-fisted uniform mineralisation of a bulk tonnage gold system. There’s no need to dig up empty rock space so the stripping ratio for any potential mine will be low, keeping costs way down.


What’s more, when a system’s topographical layout lines up neatly at the top of a ridge-like Shotgun's, it means the extraction of resource systems in similar conditions is very efficient - there is no need to remove layers of empty waste rock by tentatively stripping the ridge. Instead, one decisively takes the top of the hill in its entirety. Shotgun’s targeted bulk tonnage gold system runs from the very surface down to *at least* a depth of 150m (Open). "Open" means exploration to date has not identified the end of the mineralization from the drilling performed so far.


For the Shotgun Gold Project, Shotgun Ridge is just one of the multiple gold target areas controlled by TNR Gold. "Shot", "King" and "Winchester" add to the collection to form a distinct district with five (5) separate gold exploration targets identified so far. 


The Company is actively introducing Shotgun Gold to potential partners to decisively drill the entirety of these prospects. The objective of such a partnership would be to expand the known area of mineralisation, define new mineralised areas and conclusively assess the Project’s potential top-end valuation.


We need to bring US$10mln in to drill the project very strongly,” says TNR Gold Executive Chairman Kirill Klip. “The first US$5mln to take the project from the current 700,000-ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”





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.



Thursday 1 February 2024

TNR Gold Los Azules Copper NSR Royalty Holding: "Argentina President Milei's Pro-business Approach Boosts Optimism for Western-backed Copper Projects"

 

 

“We are buiding 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.




"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." 


"Strong team performance is accelerating the McEwen Copper Los Azules program in 2023. The 2023 Los Azules Project PEA results highlight the potential to create 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 very encouraging to see an updated independent mineral resource estimate that has increased significantly. 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."




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 60 Moz Gold deposit (68 Moz after new PEA - KK)." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well."

 


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. Below is the Alastair Ford article where 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!




Proactive:

Argentina president Milei's pro-business approach boosts optimism for Western-backed copper projects







"Mining magnate Rob McEwen is seeking approximately $100 million for his Los Azules copper project in Argentina, leveraging the potential benefits of deregulation under President Javier Milei's new government.

According to reports, McEwen Copper, McEwen's privately held firm, is engaging with existing stakeholders like Stellantis NV (NYSE:STLA, EPA:STLA) and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) venture Nuton LLC, as well as potential new investors, to secure fresh funds within the next six months for feasibility and engineering work.

The discussions also include longer-term possibilities, such as enhanced partnerships with major mining companies like Rio Tinto.

The Goldcorp founder told media that he sees an opportunity in President Milei's efforts to liberalize Argentina's tightly controlled economy, potentially unlocking significant copper deposits in San Juan province, Bloomberg reported.

McEwen aims to build the $2.5 billion Los Azules mine, targeting a startup toward the end of the decade to meet increasing demand for copper in the transition away from fossil fuels.

In 2022, Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence.

Javier Milei, a libertarian who assumed office last December, is advocating for reduced bureaucracy, elimination of customs and capital restrictions, and other regulatory reforms to attract investors.

Mining investors are hopeful that the changes, if implemented, would reduce risks for investors, who currently remain cautiously optimistic.




TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) CEO Kirill Klip expressed optimism about the mining landscape in Argentina under President Milei, highlighting the potential benefits for projects like Los Azules due to a perceived reduction in environmental regulations and an overall positive outlook for the mining sector.

TNR Gold holds a 0.4% NSR royalty on the Los Azules project, of which 0.04% of the 0.4% NSR royalty is held on behalf of a shareholder.



“Argentina’s new president Javier Milei represents a low risk to domestic mining projects; the state’s provincial jurisdictional buffer will buffet any radical policies regarding Sino-affiliated projects, plus a goal of boosting national mineral exports keeps lithium and copper projects guarded,” Klip told Proactive.



“On another hand, Argentina’s new president is great news for copper projects in the region, more so for Western-backed miners.”

Tax incentives proposed for large Argentine infrastructure projects in Milei's legislation could play a crucial role in attracting partners, providing additional taxation stability for future financing discussions with the international community.

What’s more, Milei's commitment to boosting mineral exports aligns with a pro-business stance, potentially creating a conducive atmosphere for the development and operation of mining projects. 



“Described as an ‘anarcho-capitalist’ and a ‘rabid’ free marketeer, Argentina’s new president Javier Milei would have to display a degree of self-contradiction to uproot prospective lithium, copper and gold projects, as it would go against a self-proclaimed goal of boosting mineral exports,” Klip added."