"Despite the very challenging markets, sales of electric cars are going up exponentially and taking over our streets one by one. Electric cars are better on "the first level of physics": they are more energy efficient, cleaner than ICE during the full life cycle and much cheaper in their maintenance.
Now the question is not "If?", but only "When?" all cars will be electric. After the Tesla earthquake for the ICE automakers, the tsunami is taking all autos by storm. Consumers are demanding the best electric cars.
Gigafactories are mushrooming all over the world ramping up the production of Lithium batteries. Lithium prices hit new all-time highs in China. The End of the ICE Age is here and this energy transition depends on the secure supply of critical green energy metals like Lithium and Copper."
Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began last June, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium’s announcement that the operational phase of the Mariana Lithium Project began in January 2023.
We believe that our royalty holdings are undervalued and their appropriate values are not reflected in the Company’s share price. This transaction clearly demonstrates it. We have received cash proceeds that were well above the Company’s recent market capitalization. Significant industry interest in our assets has been generated, and the Company is working on potential new strategic partnerships to provide further benchmarks for the market valuations of our royalty holdings.”
TNR Gold Closes Partial Ganfeng's Mariana Lithium NSR Royalty Sale to Lithium Royalty Corp. for US$9,000,000
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