TNR Gold Royalty Holding: Ganfeng's US$600 Million Investment Plan For Mariana Lithium - Formal EIR Approval Received By Litio. REMSA: "Project Execution Will Begin In 60 Days" - Reported From Salta, Argentina.

As we have discussed, this summer is really getting hot for all TNR Gold Royalty Holdings in Lithium, Copper, Gold and Silver in Argentina, even during the winter season there! Public news is pouring in and now you can better understand what I mean by talking about the might and staying power of Ganfeng Lithium. This giant from China is making headlines and new all-time highs in the markets. Ganfeng Lithium hit 200 CNY price level last week which brings US$41 Billion market cap!

After the announcement by Ganfeng Lithium of the plan to invest US$600 million into the development of Mariana Lithium, we all enjoyed the news about a further 55% increase of Lithium resources at Mariana which is coming on top of previously announced more than 250% increase! Mariana Lithium Project has grown into one of the most important Lithium brine projects in the world. 

Ganfeng brings its ownership of the Mariana Lithium Project closer and closer to 100% with all these investments and TNR Gold is plugged in with our Royalty Holding on the entire project. We do not have to contribute any capital for its development. 

Now it is very important that Mariana Lithium will be built and as fast as possible to bring us closer to the potential generation of the royalty cash flow for TNR Gold. And Ganfeng brings us this very good news from Argentina about exactly these very exciting developments to start the week on a very positive note.

Ganfeng's subsidiary in Argentina Litio Minera Argentina "received formal approval of the Environmental Impact Report (EIR) for its Lithium-brine Project, Mariana." And now Director of REMSA (Salta Energy Resources and Mines) is discussing the timeline of development for Mariana Lithium:

El Trubono:

“A pesar de la coyuntura, sigue el interés por invertir”

To give an example, in 60 days the execution of one of the most important projects, which is the litio Mariana project of the Gangfeng firm, which will be used in the construction of around two thousand people, directly and indirectly, will begin. Not only will it invest in Puna but also in General Güemes, in a plant for the processing of lithium carbonate, which is the project of litio Mariana of the company Gangfeng, which will be used in the construction of around two thousand people both directly and indirectly. Not only will it invest in Puna but also in General Güemes, in a plant for the processing of lithium carbonate, which is the project of litio Mariana of the company Gangfeng, which will be used in the construction of around two thousand people both directly and indirectly. Not only will it invest in Puna but also in General Güemes, in a plant for the processing of lithium carbonate. (Translated by Google)

According to Alberto Castillo, Director of REMSA, "in 60 days the execution of one of the most important projects, Mariana Lithium, will begin. We will monitor further developments in Argentina and you can make your own research on the links below. 

"I am very pleased that our Team is enjoying the new level of recognition for our Royalty Portfolio in the mining industry. We are getting to a new level and Mr Market's attention will follow. 

Chart by NorthStar

Those who share my ideas and did their own research are enjoying probably the best entry point after the pandemic scare during this still stealth stage of our launch into the new orbit for most investors and before the wide recognition of our Story by other market participants.    

We are not just dreamers. We did it with Copper, Gold and Silver at Los Azules Copper with McEwen Mining. We did it with Lithium at Mariana Lithium with Ganfeng. Both projects are moving into the fast lane of development to feed The Switch and Electric rEVolution. 

We have turned the "Pandemic" chapter now.

Los Azules and Mariana Lithium are growing and moving forward. 

I would like to make it even better with Shotgun Gold for our Company. We do not need to make ten deals, we have to make just one deal that will be the best for our shareholders. We are talking here about Barrick Gold and NovaGold building the new potentially largest Gold mining camp on US soil. 

Now we are ready for this new chapter. 

I would like to welcome our new shareholders.

As usual, do your own research and stay safe."

 

TNR Gold Royalty: Ganfeng Reports Increase Of Measured + Indicated Resource To 6.85 Million Tonnes LCE At Mariana Lithium Brine Project, Plans US$600 Million Investment To Build Approved 20,000 T/Y Production Capacity In Salta, Argentina.

Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.

We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

TNR Gold does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is a very 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.”

TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

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.