Ganfeng Lithium has released its Annual Report 2020 and we have another set of very good public news coming from the Mariana Lithium Project in Argentina operated by this giant from China. The new "Plan of Activities for 2021" is moving the giant Lithium project forward towards construction after Ganfeng has increased its stake in Mariana Lithium JV further closer to 100% with 88.9% ownership according to the latest public information. "The application for environmental assessment of the Mariana Project in Argentina was successfully submitted, and it is planned to commence construction after the environmental assessment permit for plant construction is obtained in 2021."
The new US $25 million budget was proposed for 2021. The plan of activities is set for 2021 and the Mariana Lithium Environmental Impact Report was successfully presented to mining authorities in Salta.
I am expecting to see a further increase in Ganfeng Lithium's ownership of Mariana Lithium moving closer to 100%, as their JV partner "... has decided to temporarily cease to make contributions to the Mariana Joint Venture Project in order to concentrate on other strategic projects" in 2020 (SEDAR November 30, 2020), unless this position has been changed for 2021.
It is important to note here that TNR Gold does not have to contribute any capital for the development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's potentially diluted ownership in the Mariana Lithium Project.
Ganfeng Lithium delivered a solid performance in 2020 despite the global pandemic and we can have a glance at the Group's plans about the building of the major dominant player in the Energy rEVolution with its Vertically Integrated Lithium Business. The Group activities are covering all Lithium Battery Value Chain from the production of raw materials to Solid-State Lithium Batteries. Just 369,000 T of LCE was produced globally in 2020 and giants like Ganfeng Lithium are getting ready to make a quantum jump in order to meet exponentialy growing demand for EVs and Energy Storage and produce over 1M T of LCE annually after 2026.
Ganfeng Lithium
Ganfeng Lithium has built the most completed lithium industry value chain in the world, covering the important sectors of the lithium industry from upstream to downstream.
Ganfeng Lithium
Ganfeng Lithium involved in the extraction of upstream lithium resources, deep processing of lithium compounds, production of lithium metals, production of lithium batteries; and reclaiming and recycling lithium.
Ganfeng Lithium
"The feasibility study of Mariana project was completed smoothly in 2019, and construction was planned to be conducted after acquired the environmental assessment permit for construction of plant in 2021."
Ganfeng Lithium
"The application for environmental assessment of the Mariana Project in Argentina was successfully submitted, and it is planned to commence construction after the environmental assessment permit for plant construction is obtained in 2021."
Ganfeng Lithium
"TNR Gold holds NSR royalties on projects containing copper, gold, silver and lithium metals. TNR Gold does not have to contribute any capital for the development of Los Azules Copper Project and Mariana Lithium Project. Neither does our NSR Royalty depend on the size of International Lithium’s potentially diluted ownership in the Mariana Lithium Project. 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 cashflows to contribute significant value for our shareholders."
TNR Gold Lithium Royalty Holding: Ganfeng Increases Stake In Mariana Lithium Closer To 100% And Moves Project Towards Pilot Scale Test Stage - "The US $25 Million Budget Is Proposed For 2021".
We have another set of very good public news coming from the Mariana Lithium Project in Argentina operated by the giant from China Ganfeng Lithium. The new "Plan of Activities for 2021" is moving the giant Lithium project forward after Ganfeng has increased its stake in Mariana Lithium JV further closer to 100% with 88.9% ownership according to the latest public information.
The new US $25 million budget was proposed for 2021. The plan of activities is set for 2021 and the Mariana Lithium Environmental Impact Report was already presented to mining authorities in Salta.
I am expecting to see a further increase in Ganfeng Lithium's ownership of Mariana Lithium moving closer to 100%, as their JV partner "... has decided to temporarily cease to make contributions to the Mariana Joint Venture Project in order to concentrate on other strategic projects" in 2020 (SEDAR November 30, 2020), unless this position has been changed for 2021.
It is important to note here that TNR Gold does not have to contribute any capital for the development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's potentially diluted ownership in the Mariana Lithium Project.
TNR Gold NSR Royalty Holding moves one more step closer to the potential future cash flow generation for our shareholders. Tesla Energy rEVolution is moving into the exponential stage of growth in EVs sales. We will need a lot of Lithium and the best Lithium companies will produce it. Now you can better understand why I am investing in our Company again and below you can find a lot of information for your own research. Stay safe.
"Last February 10, Ganfeng Lithium's top subsidiary in Salta, Argentina, Litio Minera Argentina S.A. (LMA) formally presented the Environmental Impact Report (EIR) of its lithium-brine project, Mariana, to the Provincial Mining Office in Salta, Argentina."
Ganfeng Lithium
“I’m a strong believer in personal interest,” stated Mr. Klip. “It’s very encouraging when it’s aligned with that of the shareholders. To that end, I’m pleased that other insiders of the Company have joined me in our recent private placements. While I am the largest individual shareholder of TNR Gold, it’s crucial for me that all of us at the TNR Gold Team are personally motivated to succeed. It’s because of this that shareholders can trust us to advance the Company forward with great passion. Our recent private placement was oversubscribed and we are well-positioned now to develop further our portfolio of strategic assets in gold and Energy rEVolution metals.
Kirill Klip continued, “Our forward-thinking approach is allowing us to integrate our strategic portfolio with the international capital markets, while maintaining efforts to minimize dilution for all our shareholders. During these favourable macro-economic conditions for gold and green energy metals, we have been enjoying an entirely new level of attention and participation from certain financial institutions.
This will allow us to accelerate the development of the Shotgun Gold Project as well as continue to advance our royalty portfolio within the next chapter of business: Green Energy Metals. We maintain the potential of adding to our core royalty holdings on the Los Azules Copper Project with McEwen Mining and the Mariana Lithium Project under the management of Ganfeng Lithium.”
TNR Gold holds NSR royalties on projects containing copper, gold, silver and lithium metals. TNR Gold does not have to contribute any capital for the development of Los Azules Copper Project and Mariana Lithium Project. Neither does our NSR Royalty depend on the size of International Lithium’s potentially diluted ownership in the Mariana Lithium Project. 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 cashflows to contribute significant value for our shareholders."
Lithium prices made the bottom and LCE price jumped 97.5% this year in China, according to the Benchmark Mineral Intelligence report published in an article on March 16, 2021. In order to meet the exponentially rising EVs demand for batteries, the Lithium industry must produce over 1M T of LCE annually from 2026.
Last year just 369,000 T of LCE was produced globally. Only the strongest lithium players who have access to the capital and technology will be able to address numerous technical challenges in order to deliver Battery Grade Lithium.
Now you can better understand why GEM Royalty TNR Gold Team is really excited with all recent developments in the electric space. We do not have to contribute any capital for Mariana Lithium Project development and our potential future NSR Royalty cash flow is becoming more and more feasible. You can find more public information for your own research in the TNR Gold Investor presentation below and follow Mariana Lithium Project development on my blog and the updated Ganfeng Lithium website.
TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company from Kirill Klip
Please read my legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions.
Do Your Own Research.
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