"Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020."
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.
We extend our congratulations to Ganfeng Lithium, Governor of Salta Gustavo Saenz and all proud people of Argentina! Argentina has it all to become the Power House of the Energy rEVolution, all we need is that government policies will be supporting business and people who are ready to work together and build a better future for this great country.
Salar de Llullaillaco is the name of the salt lake in Salta, Argentina, where the Mariana Lithium Project is located. You can find more technical information, including links to NI 43-101 report, and all applicable legal disclaimers in the TNR Gold presentation below and on the TNR Gold Website.
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 Project.
According to a press release, this will be "the first project in the world to be supplied with solar energy through the construction of a park next to the project."
RIO DE JANEIRO, BRAZIL – The Chinese mining company Ganfeng Lithium announced on Wednesday, June 16, that it will invest US$600 million in a lithium exploration project in the northern Argentinean province of Salta.
According to official sources, the investment project was presented to the governor of Salta, Gustavo Sáenz, by Jason Luo and Simón Pérez Alsina, president and vice-president, respectively, of Litio Minera Argentina, the local subsidiary of Ganfeng Lithium.
The disbursements will be oriented to the construction of a lithium brine processing plant in Salar de Llullaillaco and another lithium carbonate plant in the industrial park of the city of Güemes, Salta.
The construction project is expected to employ 1,300 people directly and 3,000 indirectly.
According to a press release issued by the government of Salta, this will be “the first project in the world to be supplied with solar energy through the construction of a park next to the project.”
The logistics of the project, whose production will be export-oriented, will be carried out by rail and for this purpose, a freight branch line will be rehabilitated that passes through the entire Puna Salta region until it reaches Chile through the Socompa pass."
Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020.
"Construction of the Salar de Llullaillaco plant will begin this year, followed by work on the Guemes facility that is set to produce 20,000 tonnes a year of lithium carbonate for export, the Salta government said after executives from Ganfeng unit Litio Minera Argentina met provincial governor Gustavo Saenz." Mining.com - Reuters
Mining.com:
Ganfeng has increased its stake in Mariana Lithium JV already closer to 100% with 89.9% ownership according to the latest public information. The Mariana Lithium Project "is expected to reach the feasibility study stage by the end of May 2021". (NRs and JV partner filing May 13, 2021)
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" (SEDAR May 13, 2021).
After an increase of more than 250% of Lithium resource at the Mariana Lithium Project in 2020, Ganfeng now has all incentives in place to move Mariana Lithium Project fast forward into production. "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 Annual Report 2020.
With the establishment of the Lithium batteries manufacturing base in Argentina by Ganfeng, we can, maybe, forget about any ideas to ship concentrated Lithium brine from Argentina to China and start thinking about membrane-based Lithium extraction technology. It will be the next major technological breakthrough not only for Ganfeng but for the whole Lithium industry.
Successful implementation of that technology can bring increased output, reduction of cost and control of the chemical purity for the Lithium product. All these operations can be made with a much smaller environmental footprint improving further ESG appeal of the full life cycle for electric cars. Mariana Lithium Project economics can be potentially improved dramatically in that case as well.
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.
Bloomberg reports another great news for TNR Gold shareholders, Rob McEwen and the proud people of Argentina!
Things are finally heating up with all our holdings in Gold, Copper Silver and Lithium to the proper melting point when the true value of our assets will start to shine brightly and even ruthless and brutal Mr Market will not be able to ignore it anymore.
This summer is going to be very hot for all our projects, as we have discussed in our latest Video update. We are building The Green Energy Metals Royalty and Gold Company and public news is pouring in with the new level of developments on all fronts for all Green Energy Metals and Gold in our very strong portfolio of assets.
After the great news by Reuters for TNR Gold about Ganfeng Lithium's plans to invest US$600 in Mariana Lithium and their plans now to double PEA (2018) estimated annual production from 10,000 to 20,000 T of Lithium LCE, we have our Copper Royalty Holding on the giant Los Azules shining very bright today. Now our NSR Royalty Holding on the giant Los Azules Project with Copper, Gold and Silver is getting into the headlines with Mr Goldcorp himself - Rob McEwen is presenting the Story:
There can be only one deal be done for Los Azules, not ten. We all need just one deal, but the best one, which will be the best for all shareholders. Rob McEwen is navigating carefully the boardrooms of major mining companies with his Los Azules Copper Project Slide Deck while enjoying the beautiful landscape of the San Juan province in Argentina and inviting industry majors to come, join and enjoy the scenery together:
"Rob is talking exactly about this approach which we are using for our Gold in Alaskaas well now. Rob McEwen: "... the two strategic alternatives are being aggressively evaluated to determine what we believe will be the optimal way to finance the rapid development of Los Azules to create the greatest long-term value from this large copper resource for Argentina, the nearby communities, our shareholders, and employees."
Bloomberg:
McEwen Lines Up Copper Partner as Surging Prices Spur Interest
Mining veteran looks to sell part of Argentina copper project
Partner would take project through to production, CEO says
McEwen Mining Inc. is in talks to sell a stake in a copper project in Argentina as the gold and silver producer looks to tap into booming prices of the metal used in wiring.
The company run by Canadian gold veteran Rob McEwen is holding conversations with another mining company as part of a proposal that could see a portion of the copper project sold privately and then taken public within 12 months, McEwen said Tuesday.
“The market seems to prefer a pure copper play as opposed to a large copper project in a smaller precious metals company,” he said in an interview. “With the increase in copper price, there’s more interest.”
McEwen, the founder and former head of Goldcorp, is looking at ways to monetize both the copper project and certain silver assets to focus on its gold mines that missed guidance in past years, with the company forced to raise funds. He said those setbacks have now been turned around.
McEwen, 71, described Los Azules in San Juan province near the Chilean border as “one of the larger undeveloped copper projects in the world not owned by a major,” with potential annual production of more than 200,000 metric tons and a valuation in excess of $5 billion at today’s copper prices.
He expects to have a decision on the strategy for the project in the next month, adding that the would-be partner has the capability to take it through to production.
Argentina, where interventionist policies have held back mining, is now “looking a little more favorable” as authorities look to diversify from farming and politicians in Chile and Peru seek a greater share of mining profits."
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.
Reuters reports that Rob McEwen's plans to put the giant Los Azules Copper, Gold and Silver Project on the fast lane of development towards our electric future are getting industry-wide support and understanding. Copper becomes Gold during The Switch and Energy rEVolution.
Titans of the industry are talking about a looming "Severe Deficit" - as Goldman Sachs puts it - pointing out the growing huge gap between available Copper Supply and Demand which is supercharged by the exponentially growing sales of EVs during this phase of rEVolution.
Now Glencore CEO Ivan Glasenberg is putting the Big Picture View on display for all those who are ready to listen. Copper push to the recently printed new all-time-high is not the "transitional" aberration, this is a sign of things to come. Price shocks are imminent. The copper industry was developed in the last century.
Major producing Copper mines are over 70-years old. The Copper Industry head grade is going down. Basically, miners are mining ores with the metal content so low that it was considered dirt with some Copper dust just a couple of decades ago.
Needless to say, that giant Copper deposits like Los Azules must be put into production and ASAP just to make these huge deficits manageable. This is where the legendary Mr Gold Corp. - Rob McEwen's Midas Touch comes into play.
There can be only one deal be done for Los Azules, not ten. We all need just one deal, but the best one, which will be the best for all shareholders. Rob McEwen is navigating carefully the boardrooms of major mining companies with his Los Azules Copper Project Slide Deck while enjoying the beautiful landscape of the San Juan province in Argentina and inviting industry majors to come, join and enjoy the scenery together:
"Rob is talking exactly about this approach which we are using for our Gold in Alaskaas well now. Rob McEwen: "... the two strategic alternatives are being aggressively evaluated to determine what we believe will be the optimal way to finance the rapid development of Los Azules to create the greatest long-term value from this large copper resource for Argentina, the nearby communities, our shareholders, and employees."
TNR Gold is plugged into Energy reVolution with our NSR Royalty Holdings on Mariana Lithium under the operation by Ganfeng Lithium and Los Azules Copper with McEwen Mining. The new chapter of development for Los Azules will provide a further catalyst for the potential valuation of our Royalties on this giant deposit containing Copper, Gold and Silver.
The Taca Taca Royalty deal made by Nova Royalty has provided TNR Gold with a very good benchmark for the potential valuation of Los Azules Royalty:
"Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research.
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.
"Nova Royalty Corp. said on Thursday that it has struck royalty purchase agreements with private parties to acquire an existing 0.24% net smelter return (NSR) royalty on First Quantum Minerals Ltd’s Taca Taca copper-gold-molybdenum project, in Argentina for around US$12.75 million in a cash-and-stock deal."
Copper supply needs to double by 2050, Glencore CEO says
"LONDON (Reuters) - Glencore Chief Executive Ivan Glasenberg said on Tuesday that a supply gap was growing in the metals necessary for the world to replace fossil fuels with renewable energy, but he stopped short of predicting a so-called super cycle.
Glasenberg said at the Qatar Economic Forum that copper supplies needed to increase by one million tonnes a year until 2050 to meet an expected demand of 60 million tonnes.
“Today, the world consumes 30 million tonnes of copper per year and by the year 2050, following this trajectory, we’ve got to produce 60 million tonnes of copper per year,” he said."
Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020."
“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..."
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.
Reuters reports that Rob McEwen's plans to put the giant Los Azules Copper, Gold and Silver Project on the fast lane of development towards our electric future are getting industry-wide support and understanding. Copper becomes Gold during The Switch and Energy rEVolution.
We extend our congratulations today to our TNR Gold shareholder - NovaGold and Barrick Gold - their JV partner on the giant Donlin Gold Project. Alaska's DEC commissioner supports key approval for the proposed Donlin Gold mine: