"Skyrocketing Lithium Prices Unlikely To Stabilize Soon", Says Ganfeng Chairman: "Overall Global Demand For The Material Could Reach 3 Million Tons By 2030".

Ganfeng Lithium is going from strength to strength riding the tsunami wave after the Tesla earthquake shattered all legacy ICE Age auto industry. Our Team at TNR Gold just congratulated our partner - Ganfeng is developing the giant Mariana Lithium Project where we have our NSR Royalty Holding - upon their signing a 3-year Lithium supply agreement with Tesla. All legacy automakers are chasing Tesla and investors are chasing their Lithium dreams. Your ability to find the best Lithium plays will define your success for the years to come. We have found our Mariana Lithium Project and Ganfeng Lithium many years ago and now industry insiders and investors are finding our GEM Royalty Story. 

"All this flood of money that is seeking the best investment returns during the Energy Transition and Electrification of our Energy and Transportation sectors will be creating a tsunami of shock waves across Lithium supply lines that are not ready and still being built to feed Tesla Energy rEVolution."

"All Lithium market was less than US$4 Billion in size just a year ago. Now Lithium price has tripled. Choose very wisely among the best lithium companies to participate in this generational investment trend."

Due to the technical complexity, only the strongest Lithium companies will be able to develop new projects and achieve a significant production increase of Battery Grade Lithium. The whole industry produced only 369,000 T LCE of Lithium in 2020 and now we have to jump first to over 1 million T LCE by 2025. Ganfeng's Chairman is talking about 3 million T LCE annual demand by 2030 and Canaccord Genuity estimated that only Tesla will consume 2.7 million T LCE annually by 2030.

TNR Gold is plugged in Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium Project with Ganfeng Lithium. Now the project is moving closer to production with its USD$600 million investment plan. Construction is underway after the "Environmental Impact Report" was approved for "Phase 1" of 20,000 T LCE of Lithium Chloride of annual production. 

In early October, Ganfeng Lithium Team in Argentina presented Mariana Lithium Project in Salta to the local government. Governor of Salta praised Ganfeng Lithium Team and the proud people of Argentina are ready to open a new chapter for their beautiful country. Argentina has everything in order to become the powerhouse of the Tesla Energy rEVoltion.   

Chart by Nicholas Winton

The future is bright for Green Energy Metals, investors are waking up to the new generational opportunity. A very important slide from the Ganfeng presentation for TNR Gold shareholders shows that this fantastic increase of 100% in planned lithium production rate is called now "Phase 1"! Hopefully, we will see the further development of this giant Lithium project in the future and the potential cash flow for TNR Gold from our NSR Royalty Holding may increase very significantly as well.

I consider my personal investment in TNR Gold, as a unique entry point into the state of the art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution. 

On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, as usual, stay safe and prosper. Join rEVolution. 

Caixin Global:

Skyrocketing Lithium Prices Unlikely to Stabilize Soon, Says Ganfeng Chairman

"Skyrocketing lithium prices aren’t likely to stabilize unless the new-energy vehicle industry begins to mass-produce alternative battery technologies or major recycling programs are put in place, according to the head of China’s largest miner of the metal. Li Liangbin, chairman of Ganfeng Lithium Co. Ltd., told Caixin in an interview that the volume of installed batteries could exceed 3,000 gigawatt-hours (GWh) by 2030 and overall global demand for the material could reach 3 million tons."

TNR Gold Mariana Lithium Royalty Holding Partner: "China's Ganfeng Lithium Inks 3-year Supply Contract With Tesla."

We extend our congratulations today to our Mariana Lithium Royalty Holding Partner - Ganfeng Lithium. Reuters reports: "China's Ganfeng Lithium inks 3-year supply contract with Tesla". 

We have discussed in depth here that Tesla Lithium supply lines are going all around the globe and back to China. Today we have another confirmation for the Ganfeng Lithium's status as a major leader in the technology of the reliable and sustainable production of battery-grade Lithium. 

Ganfeng is already supplying Lithium to Tesla, Volkswagen and BMW among many other battery producers and automakers. Reuters reports today that a new deal will be in place for Ganfeng and Tesla for another 3 years starting from 2022. 

Now Ganfeng's "Phase 1" plan for 20,000 T of LCE annual production at Mariana Lithium can be seen via the new perspective. The whole Lithium industry will be put to a major test of its ability to ramp up the supply of battery-grade Lithium just in a few years. 

"We are very pleased to see that this new plan represents a 100% increase of the 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 and provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased."

 

Hopefully, "Phase 2" will be following after "Phase 1" at Mariana Lithium and it will potentially increase TNR Gold NSR Royalty Holding valuation and the potential future cash flow even more.    

All Lithium market was less than US$4 Billion in size just a year ago. Now Lithium price has tripled. Choose very wisely among the best lithium companies to participate in this generational investment trend.

Only about 369,000 T of LCE Lithium was produced in 2020. Now the industry has to jump to over 1 million T of Lithium production annually by 2025 just to keep Tesla headlines going. Who will have Lithium ready to feed it to the hungry autos at all-time high prices during the coming deficit years?

TNR Gold is plugged in Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium Project with Ganfeng Lithium. In early October, Ganfeng Lithium Team in Argentina presented Mariana Lithium Project in Salta to the local government. 

A very important slide from the Ganfeng presentation for TNR Gold shareholders shows that this fantastic increase of 100% in planned lithium production rate is called now "Phase 1"!

I consider my personal investment in TNR Gold, as a unique entry point into the state of the art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. We are building The Green Energy Royalty and Gold Companyand participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution. 

On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, as usual, stay safe and prosper. Join rEVolution. 

TNR Gold Royalty Holding Update: ILC Reports Ganfeng Subsidiary Litio Minera Argentina Assumes All Rights And Obligations In Respect Of Mariana Lithium.

Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news regarding Ganfeng Lithium, our NSR Royalty holding and advance of the Mariana Lithium Project to construction. I am also very pleased to see that this deal between ILC and Ganfeng Lithium included confirmation that Ganfeng’s subsidiary, Litio Minera Argentina, assumes all rights and obligations that ILC had in respect of the Mariana Lithium Project, including in respect to TNR Gold NSR Royalty Holding. Ganfeng Lithium has now consolidated 100% of the Mariana Lithium Project and advanced it to the construction stage. 

This news comes after a 55% increase in the measured and indicated resource estimate from the previously announced 2020 increase of more than 250% in measured and indicated resources at the Mariana Lithium Project. We extend our congratulations to Ganfeng and salute the people of Argentina on the celebration of ‘Pachamama’ – the ritual that thanks the earth for all that we receive from it. This ritual was performed at Mariana Lithium in September after successful approval of the Environmental Impact Report by the Salta regional government in Argentina and 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 the 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 and 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, following its discussions with Ganfeng, that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million.

TNR does not have to contribute any capital for the development of the Mariana Project. The 2.0% Mariana NSR Royalty on the Mariana Project with Ganfeng Lithium is a very important part of TNR Gold’s portfolio, (TNR holds a 0.2% NSR on behalf of a shareholder). 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 Updates On Work Progress At The Los Azules Copper, Gold And Silver Project Under Its Royalty Portfolio With McEwen Mining.

"So all told, TNR’s income looks likely to be very substantial indeed.

But what’s it worth in today’s money?

The question is somewhat hypothetical, since TNR’s chief executive Kirill Klip doesn’t seem inclined to sell the asset, and is currently hold his cards close to his chest on that score.

On the other hand, it ought to have a bearing on TNR’s own market capitalisation, especially now that after a long period of activity Los Azules has come alive again.

One way of working it out is to look at similar deals. There aren’t many around of course, but last year’s acquisition by Nova Royalty Corp of a 0.24% net smelter royalty on the First Quantum’s Taca Taca project in Argentina does provide a baseline.

Nova Royalty Corp paid US$12.75mln for a smaller-sized royalty than TNR’s - which, remember is  0.36% NSR - and at a time when the copper price was much lower.

Some in the market calculate that TNR’s royalty on Los Azules ought to be worth at least US$20mln on that basis, and probably considerably more.

McEwen himself has argued that Taca Taca serves as a good proxy for Los Azules.

And, when you consider that TNR’s own market capitalisation is currently a mere C$9.4mln, it starts to become clear just how much value is on offer.

Because remember, Los Azules isn’t TNR’s only asset." (Alastair Ford) 

 

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.

TNR Gold Updates Royalty Holdings; McEwen Copper Reopened Exploration Road – Three Work Camp Sites Established For A 10-Drill, 53,000 m Drill Program At Los Azules.

 

“We are very pleased to see this very exciting and significant development for the Los Azules Copper Project and continued support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see a start of a major 10-drill, 53,000-metre drilling program on this giant copper, gold and silver project. The personal commitment from Rob McEwen and his investment of US$40 million enables the rapid advancement for this major deposit to this new phase of development in an appropriate corporate structure which will allow financing and further stages of development of the Los Azules Copper Project.

TNR Gold holds a 0.4% NSR royalty on the entire Los Azules Copper Project (TNR holds a 0.04% on behalf of a shareholder). TNR Gold does not have to contribute any capital for the development of Los Azules. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation 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.

TNR Gold:

TNR Gold Updates Royalty Holdings; McEwen Copper Reopened Exploration Road – Three Work Camp Sites Established for a 10-Drill, 53,000 m Drill Program at Los Azules

"Vancouver, British Columbia – November 10, 2021: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that, further to the Company’s news release dated October 4, 2021, McEwen Copper Inc. (“McEwen Copper”) is advancing its work program at the Los Azules copper project in Argentina. McEwen Copper reports that it has reopened the exploration road, established three work camp sites, expanded its local work force and preparations are underway for a 10-drill, 174,000-foot (53,000-metre) drill program.

The news release issued by McEwen Mining Inc. on November 3, 2021, stated:

“Activity at McEwen Copper’s Los Azules project is moving ahead quickly. The exploration road has been reopened, three work camp sites have been established, an expanded local labor force and preparations are underway for starting a 10-drill, 174,000-foot (53,000 m) drilling program. Drilling will focus on conversion of Inferred mineral resources to the Indicated category, as well as deeper exploration targets, where drilling ended in strong copper mineralization. Drills are expected to turn towards the end of November and continue through the end of Q2 2022.

Construction of the new access road for providing the necessary year-round access to the project is advancing as planned. As part of our ongoing involvement with local communities and businesses, local contractors are being sourced for the construction.

The contract for delivery of a pre-feasibility study (PFS) is at the tender stage and work is expected to begin in Q4. Whittle Consulting has been engaged to assist in identifying opportunities to improve the project that will be investigated during the PFS preparation.”

“We are very pleased to see this very exciting and significant development for the Los Azules Copper Project and continued support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see a start of a major 10-drill, 53,000-metre drilling program on this giant copper, gold and silver project. The personal commitment from Rob McEwen and his investment of US$40 million enables the rapid advancement for this major deposit to this new phase of development in an appropriate corporate structure which will allow financing and further stages of development of the Los Azules Copper Project.

TNR Gold holds a 0.4% NSR royalty on the entire Los Azules Copper Project (TNR holds a 0.04% on behalf of a shareholder). TNR Gold does not have to contribute any capital for the development of Los Azules. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

ABOUT TNR GOLD CORP.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.4% NSR Royalty on the project, which is being developed by McEwen Mining Inc, (TNR holds a 0.04% NSR on behalf of a shareholder).

In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC held interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 2.0% NSR Royalty on the Mariana Lithium Project in Argentina with Ganfeng Lithium, (TNR holds a 0.2% NSR on behalf of a shareholder). Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR Royalty on the Mariana Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced by Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip

Executive Chairman

www.tnrgoldcorp.com

For further information concerning this news release please contact +1 604-229-8129

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR’s corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining’s and Ganfeng Lithium’s PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the Company’s interim and annual Management’s Discussion and Analysis which are available under the Company’s profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and Ganfeng Lithium will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change."

Powered By Tesla Energy rEVolution: TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation.

“We are very pleased to see this very exciting and significant development for the Los Azules Copper Project and continued support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see a start of a major 10-drill, 53,000-metre drilling program on this giant copper, gold and silver project. The personal commitment from Rob McEwen and his investment of US$40 million enables the rapid advancement for this major deposit to this new phase of development in an appropriate corporate structure which will allow financing and further stages of development of the Los Azules Copper Project.

TNR Gold holds a 0.4% NSR royalty on the entire Los Azules Copper Project (TNR holds a 0.04% on behalf of a shareholder). TNR Gold does not have to contribute any capital for the development of Los Azules. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

TNR Gold Los Azules Copper NSR Royalty Holding with McEwen Mining Presentation 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.

Alastair Ford: "TNR Gold Likely To Be A Big Beneficiary As McEwen Copper Starts To Get Things Moving At Los Azules."

“I am very pleased to see this very exciting and significant development for the Los Azules Copper Project and personal support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see a large 53,000-metre drilling program following the personal commitment from Rob McEwen and his investment of US$40 million to advance the rapid development of this giant copper, gold and silver deposit in an appropriate corporate structure which will allow financing and further development of the Los Azules Copper Project.

TNR Gold holds a 0.36% NSR royalty on the entire Los Azules project containing copper, gold and silver metals. TNR Gold does not have to contribute any capital for the development of the Los Azules Copper Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

Proactive:

TNR Gold likely to be a big beneficiary as McEwen Copper starts to get things moving at Los Azules

Alastair Ford

"TNR is transforming itself into the go-to gold and energy metals royalty company

How likely is it that the giant Los Azules copper, gold and silver project in Argentina could get even bigger?

The question is material for TNR Gold Corp (TSX-V:TNR, OTC:TRRXF), which owns a 0.36% net smelter royalty across the whole project, and it’s becoming pertinent too because things are at last starting to happen at Los Azules.

During the summer of 2021 Rob McEwen, the investment titan behind McEwen Mining, put together a new vehicle called McEwen Copper, which he plans to list within 12 months. The idea is to use McEwen Copper to take Los Azules into production.

And, lest anyone doubt the seriousness of his intent, McEwen himself put US$40mln of his own money into the new vehicle, which will initially be seeded with a total of US$80mln.

It’ll take a lot more than that to get Los Azules built, but the show is now on the road, and TNR Gold can start looking forward to what’s likely to be substantial and sustained cash flow from its royalty.

How much cash flow?

A preliminary economic assessment was conducted on Los Azules in 2017 which showed the project would likely become the world’s 25th largest copper producer on commencement of mining.

Based around the numbers then produced and a US$3.00 copper price it was estimated that TNR would likely receive annual income of around US$3.5mln.

The copper price is around 30% higher than the assumption used in the 2017 calculation, and there’s also the question of the eventual size of the project once further work has been done - a 53,000 metre drilling programme is about to get underway.

So all told, TNR’s income looks likely to be very substantial indeed.

But what’s it worth in today’s money?

The question is somewhat hypothetical, since TNR’s chief executive Kirill Klip doesn’t seem inclined to sell the asset, and is currently hold his cards close to his chest on that score.

On the other hand, it ought to have a bearing on TNR’s own market capitalisation, especially now that after a long period of activity Los Azules has come alive again.

One way of working it out is to look at similar deals. There aren’t many around of course, but last year’s acquisition by Nova Royalty Corp of a 0.24% net smelter royalty on the First Quantum’s Taca Taca project in Argentina does provide a baseline.

Nova Royalty Corp paid US$12.75mln for a smaller-sized royalty than TNR’s - which, remember is  0.36% NSR - and at a time when the copper price was much lower.

Some in the market calculate that TNR’s royalty on Los Azules ought to be worth at least US$20mln on that basis, and probably considerably more.

McEwen himself has argued that Taca Taca serves as a good proxy for Los Azules.

And, when you consider that TNR’s own market capitalisation is currently a mere C$9.4mln, it starts to become clear just how much value is on offer.

Because remember, Los Azules isn’t TNR’s only asset.

It also owns a royalty on the huge Mariana lithium project in Argentina that’s own by Ganfeng Lithium and which is now going into construction.

And up in Alaska it continues to seek partners for the highly prospective and potentially huge Shotgun gold project.

So there’s plenty to be enthusiastic about.

Klip’s vision of creating a green energy metals royalty company is moving forward and, what’s perhaps the nicest thing for TNR shareholders, it’ll be McEwen Copper that will doing the heavy lifting when it comes to spending money and not TNR.

All TNR has to do is ride along and rake in the cash when it starts to flow.

“Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering the Tesla energy revolution, and the gold industry which is providing the ultimate hedge during this part of the economic cycle,” says Klip.

“Our shareholders are participating in the building up of TNR as the go-to green energy metals royalty and gold company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle, starting with the power of blue sky discovery and including partnerships with 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.”