McEwen Mining provides us with Los Azules Copper Project update: "With the improving copper price, interest in the project has increased." As you know, TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on Los Azules Copper with McEwen Mining and on Mariana Lithium JV with giant Ganfeng Lithium as the operator.
Our projects are growing and we are moving forward. Our investors were already digesting Taca Taca Copper Royalty deal, which brought a very important benchmark for the potential of TNR Gold Los Azules Copper Royalty valuation. Now we have more information from the legendary Rob McEwen about his vision and how he is going to move forward this "Sleeping Giant" in Argentina.
I continue to invest in our Company and other insiders joined me. Now you can see how the very powerful megatrends are manifesting themselves. We are building The Green Energy Metals Royalty and Gold Company. Do your own research and join The Switch and rEVolution. Buckle up and stay safe.
McEwen Mining:
"At our Los Azules copper project, we expect to provide an update on the construction of a new access road to the project in the coming months. This critical infrastructure would provide year-round access to the project, compared to the current road which is only passable 5 months of the year. The Los Azules PEA published in 2017 projected a robust operation at $3/lb copper. With the improving copper price, interest in the project has increased.
We are currently evaluating two alternatives to realize more value for our shareholders: one is pursuing a joint venture with a senior mining company to bring the project into production; and the other alternative is spinning out the asset into a new public company. Concurrently we are looking at opportunities to improve the economics of Los Azules with ore sorting technologies."
Powered By Tesla Energy rEVolution: TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.
TNR Gold investors are digesting the news from Argentina and a new benchmark for potential valuation for NSR Royalty on the giant Los Azules Copper Project after Nova Royalty has acquired NSR Royalty on Taca Taca Copper:
"Nova Royalty pays for 0.24% of NSR Royalty on Taca Taca USD$12.75 million, TNR Gold holds 0.36% NSR Royalty on the entire giant Los Azules Copper project."
McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina."
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