Ganfeng Lithium continues to build a Vertically Integrated Lithium Business spanning across the globe. TNR Gold Mariana Lithium NSR Royalty Partner announced that Ganfeng Lithium is teaming up with the automotive giant Changan to build the next generation of Lithium batteries.
"Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.Ganfeng is also working on solid-state batteries, saying in the minutes of an investor conference released on May 19 that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said." (CnEVPost)
Lithium Solid-State Batteries open the new chapter at The End of the ICE Age Chronicles. Ganfeng is elevating its Lithium Solid-State Battery technology to a new level of industrial mass-scale production and building state-of-the-art production facilities in China.
This advanced Lithium Battery technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range.
For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Now we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology.
TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. 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.
"TNR retains a 1.35% NSR royalty on the Mariana Lithium projectthat is being developed by Ganfeng Lithium in Argentina. We also hold a 0.36% NSR royalty on the Los Azules copper project that is being developed by McEwen Mining in Argentina. In addition, TNR holds a 7% net profits royalty on the Batidero I and II properties of the Josemaria project that is being developed by Lundin Mining in Argentina. TNR also provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska.
In February 2023, LRC valued only a portion of the Company at US $9 million, based on its purchase of the 0.5% NSR royalty involving the Mariana Lithium project in Argentina for US $9 million. LRC’s recent offer of CAD $15 million (approximately US $11 million) for the entire Company was opportunistic and financially inadequate. The duty of the board is to maximize the potential value of our assets and our Company’s valuation for all of our shareholders, and the fair treatment of all shareholders. The special committee will help the board achieve these aims by evaluating opportunities in the most streamlined, efficient manner possible. We are engaging with multiple parties proposing much higher potential valuations for our assets than LRC’s recent proposal, and these are the opportunities that the special committee will focus on first."
Now TNR Gold is moving fast towards the re-rating of the market valuations for our assets. With the first cash flow coming potentially this year from Mariana Lithium the valuation for that asset will be much higher and it will be translated into a higher valuation for all our Company. You can find on the links below the latest reports and videos from Salta, Argentina. Ganfeng Lithium is showing very rapid sustainable progress at the Mariana Lithium Project and moving it into the production stage next year.
"For all TNR Gold shareholders, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".
"How to spot the next M&A target? What if you learn that insiders of major Royalty companies have bought personal stakes in a small but very promising company holding royalties in lithium, copper, gold and silver projects under development by industry leaders like Ganfeng Lithium, Rio Tinto, McEwen Mining and Lundin Mining?"
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, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!
CnEVPost:
Changan, Ganfeng plan to set up JV to develop solid-state batteries
Phate Zhang
Changan and Ganfeng will set up a joint venture based on equal shareholding to accelerate solid-state battery development and manufacturing.
Automotive giant Changan Automobile is teaming up with Ganfeng Lithium -- the world's largest lithium producer by market capitalization -- to build next-generation batteries.
Changan and Ganfeng signed a memorandum of cooperation in Ningbo, Zhejiang province, on December 22 to establish a long-term strategic partnership, according to a stock exchange announcement by the carmaker yesterday.
The two sides will establish a joint venture company based on equal shareholdings to accelerate solid-state battery research, development and manufacturing, according to the announcement.
Based on cooperation in next-generation solid-state battery technology, Changan and Ganfeng will also explore cooperation in areas including lithium mining resources, lithium processing, battery materials, and recycling of used batteries, the announcement said.
The partnership is part of Changan's Shangri-La program released in 2017 to accelerate its new energy vehicle (NEV) transformation, the automaker said.
The two will work together to build an internationally competitive solid-state battery research, development and manufacturing base to promote faster industrialization of solid-state battery technology, Ganfeng chairman Li Liangbin said, according to a Changan press release.
The next-generation solid-state battery technology mentioned in the announcement may first be installed in models from Changan's NEV unit Deepal, local media Yicai said in a report yesterday, citing an insider.
In Changan's research and development system, the division related to battery development was first at Changan New Energy, which was later renamed Deepal, Yicai's report noted.
In addition to Deepal, Changan's sub-brands focused on the NEV sector include Avatr, Nevo (or Qiyuan).
Changan New Energy began developing its own battery cells in 2022. On November 2 this year, Deepal saw the first 4C fast-charging battery cell Pre-A prototype roll off the production line.
CATL Changan, a joint venture between Deepal, Changan and CATL, saw its first battery cell roll off the production line on November 24.
Changan is betting big on battery R&D, announcing on November 17, the first day of the Guangzhou auto show, that it plans to launch eight models of in-house developed battery cells by 2030, including liquid, semi-solid, solid technologies, and that its annual battery production capacity will be no less than 150 GWh.
Changan already has more than 1,200 battery R&D staff and the battery team will reach 3,000 by 2024, it announced at the Guangzhou auto show.
The carmaker is developing leading-edge solid-state batteries for gradual mass production starting in 2025, with energy densities of 350-500 Wh/kg, Changan said at an investor communication last month, according to minutes of a meeting it released at the Shanghai Stock Exchange.
Changan is working on prototype cell designs for new types of batteries, such as lithium-sulfur and metal batteries, and expects the energy density to exceed 1,300-1,500 Wh/kg, with the aim of starting to be used in mass-produced vehicles in 2035, according to the minutes.
Ganfeng is also working on solid-state batteries, saying in the minutes of an investor conference released on May 19 that its first-generation solid-state batteries can reach an energy density of 260 Wh/kg, with a production line designed to have an annual capacity of 4 GWh.
Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said."
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