Powering Tesla Energy rEVolution: "China's Ganfeng Lithium To Invest $1.3 Billion In Battery Production".

Ganfeng Lithium is building a Vertically Integrated Lithium Business. At TNR Gold, we have just celebrated an increase by another 55% of the Lithium resource at Mariana Lithium and Ganfeng's US$600 million investment plan to advance this giant Lithium brine project into production in Salta, Argentina. Today we have another milestone for the giant from China: Ganfeng's Li Energy to invest US$1.3 billion in battery production in China.   

TNR Gold is plugged into Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium and we do not have to contribute any capital to the development of this giant project. 

I consider my personal investment in TNR Gold as an entry point into the most advanced Vertically Integrated Lithium Business for the 21st century and a unique opportunity to participate in the development of the Lithium supply chain being built by Ganfeng Lithium. They are already supplying battery-grade Lithium to Tesla, Volkswagen and BMW among many others. Do your own research, as usual, learn about our Story and join the rEVolution.

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.

Reuters:

China's Ganfeng Lithium to invest $1.3 bln in battery production


Ton Daly

To build battery plants in Chongqing, Jiangxi

Combined annual production capacity of 15 GWh

"Aug 5 (Reuters) - Ganfeng Lithium, the world's biggest lithium company by market capitalisation, said on Thursday its subsidiary would invest a total 8.4 billion yuan ($1.3 billion) in two projects that will make "new-type" lithium batteries.

China's Ganfeng is best known as a supplier of battery-grade lithium to clients including electric vehicle (EV) maker Tesla, but also makes batteries and last week secured 973.1 million yuan of investment in battery unit Ganfeng LiEnergy, including from electronics giant Xiaomi. 

Ganfeng LiEnergy will spend 5.4 billion yuan to set up an industrial park in Chongqing, southwest China, with annual battery production capacity of 10 gigawatt hours (GWh) and an advanced battery research institute, Ganfeng said in a filing.

It did not elaborate on what the "new-type" batteries would be, although it said the institute would provide technical support for "various solid-state batteries," which use solid electrolytes rather than flammable liquid ones.

First production is expected within two years of the start of construction, which is slated to begin within three months, said Ganfeng.

The second project will see Ganfeng LiEnergy spend another 3 billion yuan on a 5 GWh battery plant in Ganfeng's home province of Jiangxi, which will be put into operation in October 2023.

The 15 GWh total planned capacity marks a major escalation in Ganfeng's battery ambitions as demand for EVs grows.

China's top battery maker, Contemporary Amperex Technology Co Ltd (CATL), currently has 69.1 GWh of production capacity and another 77.5 GWh under construction. 

Ganfeng, which has this year splashed out some $900 million on lithium assets at home and overseas as rising prices swell its coffers, said in May it would explore setting up a battery plant in Argentina. 

The company's Shenzhen shares are up around 82% year-to-date, giving Ganfeng a market capitalisation of 252.63 billion yuan, according to Refinitiv Eikon data."