“We are pleased to see these significant developments on the Los Azules Copper Project and continued support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Chief Executive Officer. “It’s very encouraging to see that McEwen Copper raised additional US$15 million and these new positive results which demonstrate continued success of a major 53,000-metre drilling program on this copper, gold and silver project.
The personal commitment from Rob McEwen and his investment of US$40 million enabled the rapid advancement for this 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 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 NSR Royalty On McEwen Mining's Los Azules Copper, Gold And Silver Project: McEwen Copper Video Presentation - "The Sleeping Giant" Is Waking Up
Rob McEwen used to call the Los Azules Project "The Sleeping Giant". Now Tesla Energy rEVolution is supercharging the giant in Argentina. Michael Meding's video presentation is "a must-see" for all TNR Gold shareholders and can be found on the link to McEwen Mining AGM webcast below starting from 40-44.
McEwen Mining AGM Webcast Video
Drills are turning at Los Azules Project and Rob McEwen is turning the heads in the boardrooms all across the globe towards San Juan, Argentina. The giant Copper, Gold and Silver deposit is waking up. The results from the ongoing massive 59,000m drilling campaign are making headlines in the industry already. Money talks and these solid drilling intersections are speaking for themselves.
Michael Meding, new talent to bring Rob McEwen's vision of sustainable mining in the 21st century into life, is full of energy, and ideas and very active. He presents the project to investors and potential partners all across the industry and international investment communities.
Any of the names Rob McEwen was talking about earlier this year can bring the necessary catalyst to Los Azules and TNR Gold's Royalty Holding's potential valuation.
"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." (Alastair Ford)
I consider personally that the recent drop in copper prices is the aftershock following the burst of The Crypto Mania Bubble and the direct result of recent lockdowns in China. Smart money has received another opportunity for a unique entry point into the generational megatrends.
Massacre in Crypto screams "Real Assets" and electrification of Energy and Transportation will require a secure supply of Energy Metals like Copper, Lithium and Silver.
After the initial pull out of liquidity from all markets by speculators facing margin calls, investors are coming in. ReTail investors who managed to survive the real losses after the crash of their Crypto Dreams in the MetaVerse will never touch anything crypto again.
Institutions can betray the trust "only once"... and they have done it already every single cycle for all generations of new investors: 2000, 2008 and 2022. Now the Sovereign Wealth Funds will be picking up the pieces. We have The Great Rebalancing underway.
TNR Gold's Royalty portfolio is ready for another catalyst after Ganfeng Lithium inaugurated the $600 million construction of the Mariana Lithium Project in May.
TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining.
On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!
TNR Gold Update - NSR Royalty on McEwen Mining's Los Azules Copper, Gold and Silver Project: McEwen Copper Drills 330.0 m of 0.83% Cu Including 103.4 m of 1.31% Cu (AZ22146)
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