We extend our congratulations today to Ganfeng Lithium - Mariana Lithium Project is moving fast forward in Argentina:
"Last week in Mariana, our employees held a celebration of Pachamama, and the ritual is to thank the earth for all of what we receive from it. We always care about environmental protection and sustainability, and this local tradition embodies the ideas that we respect"
Ganfeng Lithium September 3, 2021
"Ganfeng is increasing its pace of investment in this giant Lithium Brine project quite dramatically. Ganfeng Lithium's JV partner reported in Canada that their stake has been diluted already to just 8.7% share left in Mariana Lithium JV (August 30, 2021)."
"Now investors should be very careful and selective in order not to miss this opportunity and separate the real Lithium companies from the companies with lithium left in their name only. Be very careful chasing your Dragons in the Pump and Dump stocks, with insiders Dumping into the Pumps and diluting all other shareholders with their pyramids of convertible loans. Think twice, if MD&A and financials of the junior mining company look like a statement of an overleveraged hedge fund run by the banksters and you can hardly understand anything."
"Our Mariana Lithium - giant Lithium Brine Project in Salta, Argentina - is growing even larger. We have just celebrated another increase of 55% in Mariana Lithium resource which is coming on top of the previously announced more than 250% increase in 2020!"
TNR Gold NSR Royalty Holding: Ganfeng Lithium Rolls Out US$600M Investment Plan, Increases Its Stake In Mariana Lithium to 91.3%.
We have another set of great public news for TNR Gold NSR Royalty Holding on the Mariana Lithium Project to share with you today. Ganfeng Lithium is recharging all Lithium Universe, making record revenues, profits and hitting new all-time highs with a market cap above US$41 Billion.
Ganfeng LIthium is very busy after raising US$630M dollars this summer. They are building a new 50,000 T LCE annual production facility in China and investing in the upstream Lithium raw materials resource base all over the world.
Access to secure supply lines of strategic metals like Lithium and Copper will define the success of the nations in the brave new world in the 21st century. Tesla's Lithium supply lines are still going all over the world and straight back to China.
Our Mariana Lithium - giant Lithium Brine Project in Salta, Argentina - is growing even larger. We have just celebrated another increase of 55% in Mariana Lithium resource which is coming on top of the previously announced more than 250% increase in 2020!
Now Ganfeng Lithium Interim Report 2021 and the new September presentation provide us with more information on the recent developments and future plans. The most important for us is that US$600M Investment Plan for Mariana Lithium is moving fast forward.
Ganfeng is increasing its pace of investment in this giant Lithium Brine project quite dramatically. Ganfeng Lithium's JV partner reported in Canada that their stake has been diluted already to just 8.7% share left in Mariana Lithium JV (August 30, 2021).
The project is moving forward towards construction following the grant of approval for the "Environmental Impact Report" for 20,000 T of LCE Lithium Chloride production annually.
We should take notice, that the Ganfeng Lithium September presentation is talking now about this 20,000 T of LCE annual production plan as "Phase 1". This phase of development is already double the size of the previously estimated by PEA annual production of 10,000 T of LCE. Now you can better understand Alastair Ford's article and industry estimations about the potential valuations for TNR Gold NSR Royalty Holding on Mariana Lithium Project.
TNR Gold is plugged into Tesla Energy rEVolution with our NSR Royalty Holdings on Mariana Lithium Project under Ganfeng Lithium management and Los Azules Copper, Gold and Silver Project with McEwen Mining. The links below can bring you up to date with all these exciting developments for TNR Gold. Do your own research, stay safe and prosper. Join the rEVolution.
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.
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.”
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