“We are buiding The Green Energy Metals Royalty and Gold Company. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The 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, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”Kirill Klip, Executive Chairman TNR Gold Corp.
"We have two great videos from McEwen Mining and Rob McEwen to share with you today. TNR Gold shareholders have a new potential valuation reference point for the TNR Gold GEM Royalty portfolio. Rob discusses the Gold and Copper markets and gives great details about different Copper projects in Argentina and their valuations."
"Strong team performance is accelerating the McEwen Copper Los Azules program in 2023. The 2023 Los Azules Project PEA results highlight the potential to create very robust leach project, while reducing environmental footprint and greater environmental and social stewardship sets the Project apart from other potential mine developments.
It’s very encouraging to see an updated independent mineral resource estimate that has increased significantly. Together with Nuton, McEwen Copper is exploring new technologies that save energy, water, time and capital, advancing Los Azules towards the goal of the leading environmental performance. The involvement of Rio Tinto with its innovative technology, may also accelerate realizing the enormous potential of the Los Azules Project."
Rob McEwen describes the opportunity to expand the deposit and the size of the giant Los Azules Project: "If you covert Copper, Gold and Silver at today's prices - you are looking at the equivalent of 60 Moz Gold deposit (68 Moz after new PEA - KK)." You can find more very interesting comparisons of Los Azules and other major copper projects in Argentina in this video as well."
For all TNR Gold shareholders the part at 36" will be particularly interesting. According to Rob: "Osisko went into Ecuador recently and paid USD$50 million for 0.6% NSR Royalty on the deposit which is smaller than Los Azules. So, that will put just a Los Azules NSR Royalty worth maybe USD$100 million."
"Pursuant to this transaction, McEwen Copper will hold a 100% interest in the Los Azules copper project in San Juan, Argentina, and a 100% interest in the Elder Creek exploration property in Nevada, subject to a 1.25% net smelter return (NSR) royalty on both assets payable to McEwen Mining." McEwen Mining NR July 06, 2021.
"MONTRÉAL, Nov. 07, 2022 (GLOBE NEWSWIRE) — Osisko Gold Royalties Ltd (“Osisko”) (OR: TSX & NYSE) is pleased to announce that it has entered into a binding agreement with SolGold plc (“SolGold”) (SOLG: TSX & LSE) with respect to a US$50 million royalty financing (the “Transaction”) to support the advancement of SolGold’s Cascabel copper-gold property in northeastern Ecuador.
As part of the Transaction, Osisko will acquire a 0.6% net smelter return royalty (the “NSR”) covering the entire 4,979 hectare Cascabel property, including SolGold’s world-class Alpala project for which SolGold released the results of a pre-feasibility study in April of 2022 (the “PFS”)."
McEwen Mining holds 1.25% NSR Royalty on Los Azules Copper which could be valued at USD $100 million based on the Royalty deal made by Osisko Gold Royalties, according to Rob McEwen. TNR Gold Holds 0.4% NSR Royalty on the giant Los Azules Copper, Gold and Silver project with McEwen Mining, of which 0.04% of the 0.4% NSR Royalty is held on behalf of a shareholder.
TNR Gold's 0.36% NSR Royalty could be valued at USD $30 million, based on Rob McEwen's estimations analysing the recent Osisko Gold Royalties deal with SolGold in Ecuador. Below is the Alastair Ford article where you can find more information about TNR Gold and benchmarks for our GEM Royalty portfolio.
Proactive:
Argentina president Milei's pro-business approach boosts optimism for Western-backed copper projects
"Mining magnate Rob McEwen is seeking approximately $100 million for his Los Azules copper project in Argentina, leveraging the potential benefits of deregulation under President Javier Milei's new government.
According to reports, McEwen Copper, McEwen's privately held firm, is engaging with existing stakeholders like Stellantis NV (NYSE:STLA, EPA:STLA) and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) venture Nuton LLC, as well as potential new investors, to secure fresh funds within the next six months for feasibility and engineering work.
The discussions also include longer-term possibilities, such as enhanced partnerships with major mining companies like Rio Tinto.
The Goldcorp founder told media that he sees an opportunity in President Milei's efforts to liberalize Argentina's tightly controlled economy, potentially unlocking significant copper deposits in San Juan province, Bloomberg reported.
McEwen aims to build the $2.5 billion Los Azules mine, targeting a startup toward the end of the decade to meet increasing demand for copper in the transition away from fossil fuels.
In 2022, Los Azules was ranked in the top 10 largest undeveloped copper deposits in the world by Mining Intelligence.
Javier Milei, a libertarian who assumed office last December, is advocating for reduced bureaucracy, elimination of customs and capital restrictions, and other regulatory reforms to attract investors.
Mining investors are hopeful that the changes, if implemented, would reduce risks for investors, who currently remain cautiously optimistic.
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) CEO Kirill Klip expressed optimism about the mining landscape in Argentina under President Milei, highlighting the potential benefits for projects like Los Azules due to a perceived reduction in environmental regulations and an overall positive outlook for the mining sector.
TNR Gold holds a 0.4% NSR royalty on the Los Azules project, of which 0.04% of the 0.4% NSR royalty is held on behalf of a shareholder.
“Argentina’s new president Javier Milei represents a low risk to domestic mining projects; the state’s provincial jurisdictional buffer will buffet any radical policies regarding Sino-affiliated projects, plus a goal of boosting national mineral exports keeps lithium and copper projects guarded,” Klip told Proactive.
“On another hand, Argentina’s new president is great news for copper projects in the region, more so for Western-backed miners.”
Tax incentives proposed for large Argentine infrastructure projects in Milei's legislation could play a crucial role in attracting partners, providing additional taxation stability for future financing discussions with the international community.
What’s more, Milei's commitment to boosting mineral exports aligns with a pro-business stance, potentially creating a conducive atmosphere for the development and operation of mining projects.
“Described as an ‘anarcho-capitalist’ and a ‘rabid’ free marketeer, Argentina’s new president Javier Milei would have to display a degree of self-contradiction to uproot prospective lithium, copper and gold projects, as it would go against a self-proclaimed goal of boosting mineral exports,” Klip added."
No comments:
Post a Comment