TNR Gold Mariana Lithium Royalty, Robots and Ganfeng's Major Solid-State Battery Breakthrough

 

Ganfeng Lithium achieved a major breakthrough with its 400Wh/kg solid-state lithium batteries entering the commercialization phase. The world's first 500Wh/kg 10Ah solid-state battery has achieved small-batch production, setting a benchmark for the industrialization of lithium metal batteries. 

My personal journey in the Lithium Universe started many years ago with a simple thesis, that I could not really determine in 2008 what automaker would produce the most successful electric car. But I was sure that all of them would be using lithium batteries. Now, TNR Gold holds NSR royalty on the giant Ganfeng's Mariana Lithium Project in Argentina.

These days, humanoid robots are in the headlines, and the new advanced technology is ready to benefit humans for years to come. These robots will be powered by advanced solid-state lithium batteries. The official ceremony of the inauguration of Marina Lithium's start of production was held by Ganfeng on February 12, 2025. Phase I will produce 20,000 T of LiCl annually.

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 Ganfeng Lithium and the Mariana Lithium Project into the perspective of this new battery technology. TNR Gold becomes "the critical material option play without time decay" on the advance of solid-state lithium batteries in the energy storage market for high-end applications, including electric cars and humanoid robots. 

Ganfeng Lithium continues to build a vertically integrated lithium business worldwide. During the ongoing REE 2.0 lithium price war, Ganfeng is following its primary strategy by using the crash in the lithium market as an opportunity to consolidate the supply chains. 

The principal efforts of all major players are focused on securing new production capacity for the raw materials and increasing the market share through long-term supply contracts for OEMs, automakers and, increasingly, providers of energy storage solutions among other lithium battery makers.

The development of the advanced solid-state batteries allows Ganfeng to move up the value chain from its solid base as the leading lithium material producer to the unique status of global vertically integrated energy storage system provider for high-end applications, including electric vehicles and humanoid robots. I believe that Solid-State Lithium batteries will be used in future generations of humanoid Robots; these batteries can provide a much higher energy density of 400 Wh/kg.

TNR Gold Mariana Lithium royalty partner announced the start of mass production of first-generation solid-state lithium batteries in 2023.

"Ganfeng said its first-generation solid-state battery can reach an energy density of 260 Wh/kg, with a production line capable of producing 4 GWh per year." (CnEVPost)

 

Lithium solid-state batteries opened a new chapter at The End of the ICE Age Chronicles. This advanced lithium battery technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range. Ganfeng has elevated its lithium solid-state batteries technology to a new level of industrial mass-scale production and built state-of-the-art production facilities in China.

In 2024, Ganfeng Lithium announced that it 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)

Now, SMM reports that "Lithium King" Ganfeng Lithium Achieves Major Solid-State Battery Breakthrough, 400Wh/kg Battery Enters Commercialization Phase"

"The "Lithium King" Solid-State Battery Achieves Major Breakthrough! 400Wh/kg Product Enters Commercialization Sprint. Ganfeng Lithium (002460.SZ), known as the "Lithium King," released an announcement regarding the progress of its solid-state battery project. The 400Wh/kg battery achieved a cycle life of over 800 cycles and completed engineering validation, demonstrating potential for large-scale application. The world's first 500Wh/kg 10Ah product has achieved small-batch production, setting a benchmark for the industrialization of lithium metal batteries." (SMM)

 

With all these developments at Ganfeng Lithium, you can better understand why TNR Gold becomes "the critical material option play without time decay" on the advance of solid-state lithium batteries in the energy storage market for high-end applications, including electric cars and humanoid robots. 

McKinsey sees lithium demand stabilising and expects the next upcycle: "Lithium prices appear to have bottomed, with demand growth accelerating beyond electric vehicles due to rapid expansion in stationary storage." Now is a very good time to discuss TNR Gold NSR Royalty Holding on the Ganfeng's Mariana Lithium Project in Argentina.

TNR Gold Royalty Holding: Ganfeng Officially Inaugurates Mariana Lithium's Start of Production in Salta, Argentina

After meeting with the President of Argentina, Javier Milei, Ganfeng officially inaugurated Mariana Lithium's start of production in Guemes, Salta, on February 12, 2025! We congratulate the President of Argentina, Javier Milei, the Governor of Salta, Gustavo Saenz, the Ganfeng Lithium Team and all the proud people of Argentina!

I congratulate all our shareholders - thank you for all your support, it is greatly appreciated! On your behalf, I would like to congratulate and thank all our very talented Team of TNR Gold building The Green Energy Metals Royalty and Gold Company!

Gustavo Saenz, the Governor of Salta, Argentina, opened the official ceremony of the inauguration of Marina Lithium's start of production on February 12, 2025! Phase I will produce 20,000 T of LiCl annually.

TNR Gold is holding NSR Royalty on the Mariana Lithium Project, and this month, we are graduating to the cash-flow-generation royalty company. 

With Mariana Lithium going into production, TNR Gold is crystallising its transformation from a project-generation junior mining company into a cash-flow-generation royalty company.

TNR Gold becomes "the critical material option play without time decay" on Solid-State Lithium Batteries that are advanced in the market. 

Solid-State Lithium Batteries are safer, allow longer range for electric cars and are crucial for the development of such advanced technologies as humanoid robots. 

"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."

 

The latest generation of Optimus GEN III uses a 2.3 kWh, 52-volt Lithium battery with an energy density of 300 Wh/kg. I believe that Solid-State Lithium batteries will be used in future generations of humanoid Robots; these batteries can provide a much higher energy density of 400 Wh/kg now.

“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)

For all TNR Gold shareholders, it is exciting that the Mariana Lithium Project's annual production capacity of 20,000 LiCl T/Y is called Phase 1! 

“Each project can be expanded in two stages. Our current goal is to move them into production to bring more jobs to the community and generate more value for the industry,” Luo said. To carry out the expansions, which will be decided based on market conditions, an investment of USD 800 million is required for each of the projects."

“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares. Our transformation from the project generation junior mining company into the cash flow generating royalty company will bring the necessary catalyst for the market valuation of our assets."

 

We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the 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. 

 

 

Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio

Angela Harmantes from Proactive is writing about the new report on TNR Gold from Fundamental Research Corp:

"TNR Gold’s portfolio spans various mining assets, with a key focus on its Shotgun gold project in Alaska and royalties in two advanced-stage projects in Argentina: the Mariana lithium project, owned by Ganfeng Lithium, and the Los Azules copper-gold project, held by McEwen Copper."

"TNR Gold is on the brink of generating significant royalty revenue from its stake in Ganfeng Lithium's Mariana lithium project in Argentina as it heads toward commercial production, Fundamental Research analysts believe.

The analysts have raised their share price target for TNR from $0.24 to $0.28 per share, highlighting the imminent cash flow potential from this strategic investment." 

(Angela Harmantes)

 

Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.

TNR Gold Investor Presentation: Building The Green Energy Metals Royalty and Gold Company 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 of Kirill Klip's feeds and blogs. Always consult a qualified financial adviser before making any investment decisions. 

Do Your Own Research.

Discovery Alert:

Ganfeng Lithium’s Mariana Salt Lake Project: Transforming Argentina’s Lithium Landscape

Ganfeng Lithium's Mariana Salt Lake Project: A Strategic Milestone in Lithium Production

"Ganfeng Lithium's Mariana Salt Lake Project stands as a transformative initiative within the company's expansive strategy to secure and develop high-quality lithium resources. Nestled in Argentina's prolific lithium triangle, the project combines advanced extraction technologies with robust sustainable practices to not only satisfy rising global demand but also address environmental challenges. By integrating innovative methods, such as direct lithium extraction, Ganfeng is setting a new standard for how lithium is responsibly produced in one of the world’s most resource-rich regions.

The project utilises state-of-the-art methodologies that align with global trends towards cleaner and more efficient energy sources. With the lithium market evolving rapidly, the Mariana Salt Lake Project reflects both the urgency and optimism that characterise the contemporary landscape of mineral extraction. The strategic importance of this development extends far beyond national borders, contributing to a ripple effect that is already visible in global battery and energy sectors.

Project Location and Resource Potential: Why Argentina?

Strategically positioned at coordinates 24°45'S 66°30'W, the Mariana Salt Lake Project is located in Salta Province’s Llullaillaco salt flat. This location is not only geologically unique but also provides access to an estimated 8.12 million tonnes of lithium carbonate equivalent (LCE). The resource potential is underscored by the presence of multiple brine reservoirs, found at depths ranging from 200 to 400 metres below the surface, where lithium concentrations vary between 800-1,200 mg/L.

Several factors contribute to the resource richness of this area:

 

= The geological configuration facilitates a high recovery rate of lithium.

= The unique mineral composition supports long-term sustainable extraction.

= The infrastructure and supportive regional policies further boost the operational feasibility of the project.

This resource potential positions the project at the forefront of Argentina’s mining agenda, enhancing the country’s reputation as a crucial player in the global lithium market. Insights drawn from other pioneering projects, such as those showcasing chile's market expansion, further underline the strategic regional importance of such developments.

Investment and Production Specifications: A Look Under the Hood

The Mariana Salt Lake Project benefits from a significant investment of $790 million (approximately 5.76 billion yuan), underscoring Ganfeng Lithium’s confidence in its long-term viability. This substantial funding is allocated to both the extraction processes and the development of complementary sustainable infrastructure, including a dedicated 120MW solar park funded with an extra $190 million.

Key production details include:

= An initial capacity of 20,000 tonnes per annum of lithium chloride.

= A modern infrastructure that integrates renewable energy to support operations.

= Advanced technological applications to boost extraction efficiency and lower environmental impact.

Investments of this nature not only revolutionise traditional mining paradigms but also showcase how new technology can drive the sustainable production of vital resources. In a similar vein, emerging projects like the canadian battery market initiative have demonstrated the benefits of blending conventional mining techniques with renewable energy solutions.

Strategic Regional Context: What Makes the Lithium Triangle So Important?

Situated within the renowned lithium triangle—which spans Argentina, Chile, and Bolivia—the Mariana Salt Lake Project capitalises on a region that is estimated to hold 58% of the world's total lithium reserves. This geographic advantage not only provides Ganfeng with access to superior quality resources but also ensures potentially lower extraction costs relative to other global sites.

Advantages of being located in the lithium triangle include:

= Proximity to major reserves that reduce logistical complexities.

= Enhanced opportunities for regional partnerships and investments.

= Exposure to progressive national policies that prioritise resource development.

The regional significance is amplified when viewed alongside other international achievements. For example, discussions about advancements in areas such as pegmatite clean energy illustrate how innovative geological processes contribute to cleaner energy systems worldwide.

Argentina's Supportive Mining Environment: Is the Policy Climate Conducive?

Under the administration of President Javier Milei, Argentina has emerged as a pro-mining nation, instituting a series of policy reforms designed to encourage investment and growth in the mining sector. 

Key elements of this supportive environment include:

= A reduction in corporate tax rates from 35% to 25% for mining projects, substantially improving project economics.

= A remarkable 47% year-on-year increase in foreign direct investment.

= The creation of approximately 850 direct jobs and around 3,200 indirect job opportunities, each contributing to local and national economic stability.

These policy measures not only provide immediate fiscal incentives but also establish a long-term framework that attracts global investors. Coupled with innovative sustainable practices, Argentina’s mining-friendly policies create a fertile ground for projects like the Mariana Salt Lake Project to thrive in the competitive global market.

Technological Innovation and Extraction Methods: How Is Extraction Evolving?

One of the most compelling aspects of the Mariana project is its use of cutting-edge Direct Lithium Extraction (DLE) technology. This advanced method offers several marked improvements over traditional evaporation techniques:

= It significantly reduces water consumption, a critical factor in arid regions.

= It minimises the environmental footprint by lowering related chemical waste.

= It enhances extraction efficiency, ensuring a higher recovery rate of lithium.

= It maintains an energy consumption rate of approximately 35 kWh per kilogram of lithium chloride, underscoring its efficiency.

The adoption of DLE is a reflection of the industry’s move towards integrating environmentally sustainable methods with traditional mining practices. This progression is not isolated; advancements similar to those observed in projects emphasising direct lithium extraction are redefining sustainable mineral extraction globally. Moreover, techniques that result in cleaner energy outputs offer novel avenues for mitigating the environmental impacts common to resource extraction.

Market Dynamics and Future Outlook: What Do the Trends Indicate?

Despite facing challenges from a slowdown in the electric vehicle market—where sales growth has decelerated from 31% to an anticipated 22% by 2024—Ganfeng Lithium remains steadfast in its commitment to long-term expansion. This firm stance is driven by the continuing global demand for lithium, projected to reach 1.4 million tonnes of lithium carbonate equivalent by 2030, marking a substantial increase from the current level of 800,000 tonnes.

Key market trends include:

= A robust recovery in global lithium demand despite short-term fluctuations.

= Increased investments in renewable energy storage and electric vehicles, both of which rely heavily on lithium-based batteries.

= Progressive policies worldwide aimed at reducing carbon footprints while enhancing supply chain resilience.

Analyses based on studies such as those focused on market trends 2024 suggest that the future of lithium production is bright, provided industries continue to innovate and optimise their operations. This forecast reinforces the importance of initiatives like the Mariana Salt Lake Project, making them crucial not only for Ganfeng's portfolio but also for meeting the energy demands of the future.

Broader Portfolio and Expansion Strategy: What Else Is on the Horizon?

In addition to the Mariana project, Ganfeng Lithium's portfolio encompasses several high-profile projects across Argentina. These include:

= The Cauchari-Olaroz project, which is already operational and yields a production capacity of 40,000 tonnes per annum (tpa) of Li2CO3.

= The Pozuelos-Pastos Grandes project, for which construction is slated to start in 2025.

= The Incahuasi–Arizaro project, currently in an advanced exploration phase.

= A noteworthy 14.9% stake in Proyecto Pastos Grandes, which further diversifies the company’s resource base.

This multifaceted portfolio highlights Ganfeng’s forward-thinking approach to expansion and risk management. By investing in multiple projects simultaneously, the company seeks to balance production across different sites and mitigate risks associated with market volatility. The broader international context also offers instructive comparisons; for instance, other regions, particularly in Canada, are realising similar ambitions as evidenced by initiatives like the canadian battery market that are fueling global competitiveness.

Future Development and Exploration: What Lies Ahead?

Looking forward, Ganfeng Lithium has earmarked an additional $150 million for exploration and development spanning 2025 to 2027. This investment is aimed at not only optimising current extraction techniques but also paving the way for the pilot production of direct lithium hydroxide by 2026. Such proactive measures underscore the company’s commitment to technological leadership in an increasingly competitive global landscape.

The forward-thinking strategy encompasses:

= Investing in research and development to refine extraction and processing techniques.

= Exploring new frontiers in lithium chemistry to expand the applications of the mineral.

= Strengthening the overall sustainability agenda in mining practices to meet environmental benchmarks and regulatory standards.

This strategic vision ensures that Ganfeng remains at the cutting edge of industry trends while providing a reliable supply of critical materials to the global market. Such developments echo industry-wide shifts towards integrated and sustainable resource production, reflecting the dynamic interplay between technological innovation and market demands.

Conclusion

The Mariana Salt Lake Project encapsulates Ganfeng Lithium’s strategic vision, merging advanced technological methods with sustainable practices to meet global lithium demand responsibly. By leveraging key innovations like pegmatite clean energy and direct lithium extraction, the project not only strengthens Argentina’s mining credentials but also sets a benchmark for future developments in the sector. The interplay of supportive governmental policies, significant investments, and robust regional opportunities—and lessons drawn from international projects such as the canadian battery market—further underscore the importance of embracing technological evolution to drive long-term growth.

As the global lithium market continues to evolve, driven by trends highlighted in market trends 2024, projects like the Mariana Salt Lake Project will remain pivotal in shaping the future of sustainable energy production. Ganfeng Lithium’s commitment to innovation, strategic expansion, and environmental stewardship positions it well to meet future challenges and opportunities on a global scale.

Want to Stay Ahead of the Next Big Lithium Discovery?

Unlock real-time insights into transformative mineral opportunities with Discovery Alert's AI-powered notifications, designed to help investors—from newcomers to seasoned traders—navigate the complex world of lithium and mineral exploration. Start your 30-day free trial today and gain access to fast, actionable intelligence that could be your key to identifying the next strategic investment in the rapidly evolving lithium market."

Gold Made a New Highest Daily Close in History at $3,236, Following Monthly and Quarterly ATHs at $3,124, Built on Top of Yearly ATH at $2,624. Next is a Climb to $5,000 & Over $10,000

 

Gold continues to shine incredibly brightly during this magnificent historical rally, and we continue our Chronicles of the Gold Bull Market and TNR Gold's Shotgun Gold Project. Gold finished this week on a very powerful note, surging through $3,200 and making a new highest daily closing in history at $3,236 on April 11, 2025. Gold struck a previous ATH at $3,176 just a day before on April 10, 2025, after it sympathised with the bloodbath massacre in the markets after "Liberation Day" for a few days and allowed some selling to cover margin calls following the brutal assault of Mr Market.

Gold has demonstrated incredible performance in the 21st century, providing "The Ultimate Hedge" for all portfolios constructed with stocks, bonds and crypto assets. Asian societies understand the unique qualities of Gold very well. 

Now we know the pain threshold for this administration. The total disintegration in the bond markets and treasuries helped to clear the air. The 30-year Treasury Yield soared to 5.02% on April 9, 2025, its highest level since October 2023. 

As we have discussed, "The Great Depression" scenario was too much even for this reality show and "Trump Put" was crystalised. After the waterfall market shock, the wise voices prevailed, and President Trump declared victory, pausing "reciprical tariffs" for 90 days to follow up in negotiations.

We have a couple of major takeaways from this very brave and reckless lobotomy approach to cure headaches. Gold has exceeded all expectations and confirmed its status of "The Ultimate Hedge" for all portfolios constructed with equities, bonds and crypto assets. We discussed it here for a very long time, but now more and more investors have come to the same conclusion as well. Gold dropped only for a couple of days, allowing it to be sold by those who had been hurt by the margin calls, and it surged to new all-time highs immediately after that.

But an even more dramatic revelation, by the size of the market and involved professional parties, came when bonds and treasuries failed to provide any refuge for the scared investors running from the bleeding stock markets to the "safety" of bond markets and the US Dollar. Everything was sold indiscriminately: stocks, bonds, treasuries, and the US Dollar. Only Gold kept standing above the sea of blood running on the streets.

Markets have recovered following the announcement of the pivot in the "negotiation approach", but this PTSD will follow deeply shaken Mr Market from now on. There is uncertainty when there are no rules. This uncertainty will bring the new discount to the valuations of equities, and the same uncertainty will bring additional premium to the Gold valuation.

Nothing is growing straight into the sky, as we discussed before. I personally prefer the very much needed healthy consolidation for Gold Bull Market now, ideally above $3,000. But I will take every incredible advance by Gold as a sign that "The Great Rotation" is here already. Now we can start talking not only about investors selling overpriced general equities and buying Gold and Gold-related equities. We will see "The Great Rotation"  with the increased allocations to Gold by the institutions managing trillions of dollars worth of assets in Central Banks, insurance, pension funds and sovereign wealth funds. 

Gold's next move is to climb to the next elevated level following this breakout on its way to $5,000 and over $10,000 after the healthy consolidation stage to digest the incredible gains Gold has made this year already. The ballooning debt and economic uncertainty will drive Gold to new all-time highs this year.

Gold Miners have been sold with general equities in the market crash, and now they are recovering following the surge of Gold price. They are literally printing money with increased margins, reflecting rising Gold prices and falling Oil prices. The chart of Gold Miners vs. DOW shows that "The Great Rotation" have only started following the breakout of the multi-year downtrend, and we have a long way to go just to match the previous valuations of the Gold-related equities. 

Gold has started last week in style, striking new Daily, Monthly, and Quarterly ATHs at $3,124 on March 31. Gold made a new highest daily closing in history at $3,134 on "Liberation Day", April 2, 2025, just after the tariff rates announcement. 

The bloodbath in all markets followed the next trading day, with the DOW falling 4%, the S&P 500 shredding 4.8%, and the NASDAQ crashing 6% on April 3. This was followed by "The Black Friday," with the DOW tumbling 5.5%, the S&P 500 plummeting 5.97%, and the NASDAQ plunging 5.82% on April 4, 2025.

As you remember, Gold has been sending its very loud warning signal in advance for quite a bit of time by going parabolic after the breakout of the multi-year "Cap and Handle" pattern. Equities were priced for perfection, and valuations have been extremely extended into "The Bubble" territory. The Great Martis' call of "The Top" for general equities on December 21, 2024, stands on its own with its timing and boldness in our Chronicles of "The Great Gold Bull Market".

Gold has performed as "The Ultimate Hedge" for all portfolios constructed with equities, bonds and crypto assets and finished this dramatic week above $3,000, printing $3,037 on April 4, 2025! Following its parabolic advance, Gold has entered a healthy consolidation, which I was talking about, ideally above $3,000. It is welcomed at this stage and will allow Mr Market to digest the incredible gains Gold has made this year already.

This year, investors are buying Gold ETFs in all markets. They will propel this mighty Gold Bull Market to new highs. Gold ETF attracted $12 Billion in two months. Traders piled into Gold ETF as the bullion's price hit record highs. 

China bought Gold in March for a fifth straight month after returning to the market in November. So far, after a 7-month pause, China bought 5T in November, 10.3T in December, 5T in January and February, and 2.8T in March 2025.

This economic uncertainty will bring discount to the valuations of the general equities, and the same uncertainty will bring an additional premium to the Gold Market and Gold-related equities. Investors are terrified with VIX hitting 45.31 by the end of "The Black Friday" on April 4, 2025. It is higher than during "The Black Monday" on August 5, 2024. The general equities can now be in for a long journey of the adjustment of the Mr Market's expectations. He is paranoid and scared today by "The Trade War", tariffs and governing by "policy announcements" on social media. "The Great Rotation" will continue to fuel the Gold Bull Market as more and more investors will be finding "The Real Assets" and "Solid Values".

The main problem now can be that this tariff's bloody massacre of the markets has only started. Hopefully, markets will be searching for any clues of the four-dimensional chess of "The Trade War" negotiations and can even rally from this oversold level after finding them. But it will be only Bear Market rallies. 

There is no "FED PUT" in place, at least now, at this market valuations extremely stretched into "The Bubble" territory. The FED is being cornered by demands for lower rates and the inevitable inflation pressure following the implementation of tariffs.

President Trump is demonstrating by all means these days that there is no "Trump Put" in place as well, unless the waterfall market shock will add to the wise voices and he will declare the victory and follow up in negotiations, reducing announced tariffs. Otherwise, you will be reading a lot of historical perspectives on the previous "Trade Wars" and major tariff announcements. History never repeats itself, but it rhymes. As usual, there were signs of things to come, and we have discussed it here very extensively. 

“Beware the investment activity that produces applause; the great moves are usually greeted by yawns” Warren Buffett

"Just a couple of years ago, every crypto ape was laughing at Warren Buffett, and some potheads from the media were calling SBF “The Next Warren Buffett" and "JP Morgan" of Crypto, now SBF is calling his mum from jail."

 

 “Remember that the stock market is a manic depressive.” Warren Buffett

You should buy from Mr Market when he is depressed and sell to him when he is in “The Irrational Exuberance” stage.

We have to study again in depth how Gold and Gold-related equities behaved during recessions, bursting "The Tech Bubble" in 2000, "The Great Financial Crisis", and even during "The Great Depression" - Gold Miners shone during "The Great Depression".

Miners and Exploration companies represent a unique countercyclical investment opportunity. Gold Miners surged again after the Great Depression during the 1973-74 crisis, while the S&P 500 plummeted.

"The Great Rotation" out of overvalued general equities. Gold Miners surged again after "The Great Depression" during the entire Gold Bull Market from 1970 to 1980.

The last Gold Stocks Bull Market started in 2000 as "The Tech Bubble" burst. As we discussed before, we are at the onset of "The Great Rotation" out of overvalued stocks into Commodities, Gold and Gold-related equities.

As we discussed in January, this chart presented the countercyclical setup for Metal Explorers vs. the S&P 500 in 2024. You can review the updated charts and my thoughts following the main stages of this unfolding generational investment opportunity for intelligent investors.

The week before, Gold continued its ascendance over $3,000 and made a new highest daily and weekly closings in history at $3,084 on March 28, 2025. Previously, Gold made ATH at $2,057 on March 27, 2025. Healthy consolidation, ideally above $3,000, will be welcomed at this stage to digest the incredible gains Gold has made this year already.

The previous week, Gold celebrated its ascendance over $3,000 in style and made a new highest daily closing in history at $3,047 on March 19, 2025. This fascinating week for Gold ended on a very powerful note with a weekly closing of over $3,000. 

The new highest weekly closing for Gold in history was printed at $3,024 on March 21, 2025. Previously, Gold hit back-to-back ATHs at $3,001 on March 17 and $3,034 on March 18, 2025. Now, I would like to see a healthy consolidation, ideally above $3,000, to digest the incredible gains made this year already.

Gold is breaking out of its recent downtrend relative to general equities represented by the S&P 500. Despite Gold hitting all-time highs, there is "No Gold Bubble Yet", while the market valuations of general equities are already overextended and in "Bubble territory".

Investors have been net sellers of Gold ETFs for four years straight. Last year, investors in Asia started buying Gold ETFs significantly while investors in Europe were selling, and only this year are investors buying Gold ETFs in all markets. They will propel this mighty Gold Bull Market to new highs.

Gold Miners should lead the market during the next phase of much-needed healthy consolidation. "The Great Rotation" out of the general equities into the Real Assets, Gold and Gold Miners will fuel this powerful Bull Market in the making. Profits made in Gold and Silver markets are making their way into the senior miners first. Only later will new money be allocated to the junior mining sector by investors seeking higher leverage to the rising price of Gold. 

Gold surged over $3,000 on March 14 after making a new highest daily closing in history at $2,989 on March 13, 2025.

China bought Gold in February for a fourth straight month after returning to the market in November. So far, after a 7-month pause, China bought 5T in November, 10.3T in December, 5T in January and 5T in February 2025.

The whole world will probably be shocked if China ever reveals the amount of its actual Gold reserves, which are held by numerous entities under China's control, including the citizens of China and the vast Chinese diaspora. 

India's Gold Reserves are surging following China's lead. Emerging market demand is driving the price of Gold higher.

Gold confirmed its status as the Ultimate Hedge for all portfolios constructed with stocks, bonds and crypto assets during the Trade War and tariff worries.

Gold has demonstrated incredible performance in the 21st century. It will not surprise our readers that the Gold performance beats the S&P 500 this century.

Profits made in Gold and Silver markets are making their way into the senior miners first. Only later, new money is allocated to the junior mining sector by investors seeking higher leverage to the rising price of Gold. Finally, we can see junior Miners breaking out of the downtrend that started in 2011.

You can also put TNR Gold's performance into this perspective. 

"Elsewhere, at the Shotgun gold project in Alaska, TNR is actively seeking a JV partner to advance the project to a Preliminary Economic Assessment (PEA). Shotgun hosts inferred resources totaling 706 Koz of gold at a grade of 1.1 grams per tonne. Analysts believe the project has expansion potential, with the Shotgun Ridge deposit remaining open along strike and at depth." (Angela Harmantes)

Chart by Nicholas Winton

Gold surged to over $3,000, but there is no Gold Bubble yet. Most investment crowds are still blissfully unaware of the tectonic shifts in our societies driving this renaissance of true solid values and Gold representing Real Money. Gold is still a long way from its inflation-adjusted peak.

In February, Gold celebrated its ascent by striking one all-time high after another. 

Without any hesitation, Gold rushed to the new highest daily closing in history and printed $2,953 on February 24, smashing before it ATH of $2,940 on February 20, at $2,935 on February 18, $2,928 on February 13, and $2,908 on February 10, 2025.

Gold finished February in style and made a new highest monthly closing in history on February 28, 2025.

Investors are finally becoming the driving force for this Gold Bull Market, following Central Banks. Gold ETFs in China attracted more funds. Month-to-date inflows in February were close to record highs.

Bitcoin has experienced some dizziness after the recent highs and faced its moment alone with gravity last week, crashing below 80,000.

Gold ETF fund flow increased dramatically in February, while Crypto ETFs have experienced record outflows.

Tavi Costa provides perspective for this historical Gold rally and record Gold purchases by Central Banks with his chart illustrating US Gold Reserves as a percentage of government debt. 

This fascinating chart from Formula Stocks shows "Gold Miners Will Move More Than 40X from 2024". Now it is time for Gold Miners to start making headlines while Gold will be consolidating before its next big move up. 

With rising Gold prices, Gold Miners' revenue growth has been the highest in the last 15 years.

Gold Miners' cash flow per share is rising quickly, and their prices do not reflect this fundamental change.

Gold Miners' cash flow per share has risen to the highest level since 2012. With their expanding margins, Gold miners are literally printing money now. This news is slowly making its way among investors still chasing AI and Crypto Dragons. 

M&A is the only way for majors to rebuild the falling Gold Reserves and keep the Gold production from falling over the cliff. Gold Majors are ready to buy time and pay for the best Gold deposits in the making after juniors made their discoveries many years ago. Stable mining jurisdictions where you can keep your rewards for Gold discovery after backbreaking work and a lot of luck will attract industry attention first.

The smart money is taking profits in Gold and looking upstream for the new M&A targets. These investments lift Gold producers first; even a minimal spillover in the Gold exploration companies will create fireworks there. This coming wave of M&A among Gold producers and investments made by Rob McEwen, Erik Sprott, and other Gold gurus in promising new projects will drive the next stage of remarkable gains for wise investors. 

Now you should really pay some serious attention to our main Story: why NovaGold is holding its stake in TNR Gold and why I believe that the time for the Shotgun Gold Project in Alaska is coming very close to its launch on the new orbit of valuation and development. 

"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." 

Kirill Klip, Executive Chairman

TNR Gold Corp.

Angela Harmantes from Proactive is writing about the new report on TNR Gold from Fundamental Research Corp:

"TNR Gold’s portfolio spans various mining assets, with a key focus on its Shotgun gold project in Alaska and royalties in two advanced-stage projects in Argentina: the Mariana lithium project, owned by Ganfeng Lithium, and the Los Azules copper-gold project, held by McEwen Copper."

 

"TNR Gold is on the brink of generating significant royalty revenuefrom its stake in Ganfeng Lithium's Mariana lithium project in Argentina as it heads toward commercial production, Fundamental Research analysts believe.

The analysts have raised their share price target for TNR from $0.24 to $0.28 per share, highlighting the imminent cash flow potential from this strategic investment." 

(Angela Harmantes)

 

Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.

TNR Gold – AmeriGold – Shotgun Gold

The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path to moving this project forward using current geological and geophysical research to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. 

I believe that in order to maximise shareholder value and reach the potential valuations presented above, we must preserve capital, reduce the number of outstanding shares and not invest in Alaska with our own capital.

Our strategy, which we presented to potential strategic partners, involves creating a JV with one of the major gold mining companies. Our partner will invest substantial capital in developing the Shotgun Gold Project while earning a stake in the project.

TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.

Management is investigating the best value-creation strategies for the Shotgun Gold Project. It has established the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.

Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio

 

TNR Gold Shotgun Gold Project 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 of Kirill Klip's feeds and blogs. Always consult a qualified financial adviser before making any investment decisions. 

Do Your Own Research.

Previously, Gold struck 3 ATHs in a row and marched to the ATH at $2,867 on February 5, striking ATHs at $2,815 on February 3 and at $2,842 on February 4, 2025.

China bought Gold in January for a straight third month after returning to the market in November. So far, China bought 5T in November, 10T in December and 5T in January 2025, after a 7-month pause.

Gold demand hits new record in 2024 

"Central banks and investors drive market strength

Total gold demand (including OTC investment) rose 1% y/y in Q4 to reach a new quarterly high and contribute to a record annual total of 4,974t.

Central banks continued to hoover up gold at an eye-watering pace: buying exceeded 1,000t for the third year in a row, accelerating sharply in Q4 to 333t. 

 

Annual investment reached a four-year high of 1,180t (+25%). Gold ETFs had a sizable impact: 2024 marked the first year since 2020 in which holdings were essentially unchanged, in contrast to the heavy outflows of the prior three years.

Full-year bar and coin demand was in line with 2023 at 1,186t. The composition shifted as bar investment grew and coin buying reduced.

Annual technology demand was also additive to the global total: it grew by 21t (+7%) in 2024, largely driven by continued growth in AI adoption.

Gold jewellery was the clear outlier: annual consumption dropped 11% to 1,877t as consumers could only afford to buy in lower quantities. Nonetheless, spend on gold jewellery jumped 9% to US$144bn." (World Gold Council)

 

Central banks continue to accumulate Gold while retail investors chase Crypto Dragons.

Previously, Gold surged to the new highest daily, weekly and monthly closing in history at $2,798 on January 31, 2025. 

It happened the next day after Gold struck the previous ATH daily closing at $2,793 on January 30, 2025. This very brief consolidation phase lasted only a couple of months. Gold made the previous ATH daily closing at $2,788 on October 30, 2024.

China was back in the market and buying Gold again in December, following its first reported purchases, which were made in November after a 7-month pause. Gold contained its slide that started after the new ATH hit at $2,788 in October and renewed its uptrend in December following the news from China that its central bank resumed buying Gold in November for the first time in seven months.

Gold finished 2024 in style, surging 27% and striking a strong note with a new highest yearly closing in history at $2,624. Now we are in the much-needed consolidation phase of this Gold Bull Market following the parabolic breakout from the powerful bullish "Cup and Handle" technical formation. 

Gold contained its slide, which started after the new ATH hit at $2,788 in October. It continued consolidating and tracking an uptrend in December following the news from China that its central bank resumed buying Gold in November for the first time in seven months.

Next for Gold is a climb to $5,000 and over $10,000 after this healthy consolidation stage to digest the incredible gains of the last year. You can review the updated charts and my thoughts following the main stages of this unfolding generational investment opportunity for intelligent investors.

On October 30, Gold made a new highest daily close in history at $2,788  and finished that month on a powerful note, making a new monthly ATH at $2,742 on October 31, 2024. 

Gold made previous ATHs at $2,775 on October 29 and at $2,748 on October 25, 2024. Gold has been celebrating breaking out above $2,700 for just a few days and decisively made a previous ATH at $2,746 on October 22, 2024. Healthy consolidation will be welcomed at this stage so this magnificent Gold Bull Market can digest the gains after this year's fantastic parabolic breakout move. Still, we are not in Gold Bubble territory yet. 

"There is No Gold Bubble yet". Most investment crowds are still blissfully unaware of the tectonic shifts in our societies driving this renaissance of true solid values and Gold representing Real Money. The share of Gold ETF in Equity ETFs is still below the post-2013 average and below 3%. This share hit a high above 17% in 2011, signifying the top of the Gold parabolic move at that time.

Graddhy's chart "Gold vs Currency Supply (M2)" also confirms that "There is No Gold Bubble Yet".  This incredible Gold Bull has only started its run. We are talking here about the global reset of the financial system.

Gold hits a record high above $2,700! Gold made a new highest daily closing in history at $2,721 on October 18, 2024. The previous ATH, at $2,694, was hit just a day before, on October 17, 2024.

After a brief consolidation, Gold surged to another highest daily closing in history at $2,674 on October 16, 2024. This time, Gold took just a few weeks to digest its explosive parabolic move to strike a new ATH; the previous all-time high was made at $2,673 on September 26, 2024.

Gold finished the third quarter of 2024 in style, showing its might and striking the new highest monthly and quarterly closings in history at $2,635 on September 30. Nothing grows straight into the sky, and this mighty Gold Bull Market will continue its ascent to $5,000 and over $10,000 following the healthy consolidation stage. 

This mighty Gold Bull Market enters the much-needed consolidation stage, which will be built on the solid base of the monthly all-time high closings, confirming the solid uptrend established after the magnificent breakout this year. Gold finished trading in September with a decisive monthly candle and the highest monthly closing in history at $2,635.

Gold finished the third quarter on a remarkably strong note and made a new highest quarterly closing in history, at $2,635, on September 30, 2024. The previous all-time high quarterly closing was created by Gold in the second quarter this year at $2,327 on June 28, 2024.

The FT provides more information about the forces driving this marvellous Gold Bull Market: "Chinese Gold trading activity explodes".

As we have discussed, the whole world will probably be shocked if China ever reveals the amount of its true Gold reserves, which are held by numerous entities under China's control, including the citizens of China and the vast Chinese diaspora.

Bloomberg confirms that Hedge Funds are boosting bets on Gold. As discussed last week, Greed and FOMO will drive hedge fund managers to gain exposure to the Gold and Mining Sectors, risking to underperform the more wise forward-looking peers building their positions in the Real Hard Assets and Commodities.

Gold continued its parabolic move last week, making the new highest daily close in history at $2,673 on September 26, 2024. In its relentless ascent to new highs, Gold was striking one all-time high daily closing after another again: $2,629 on September 23, 2024; $2,658 on September 24, 2024; and $2,659 on September 25, 2024. After the fantastic break-out phase, the much-needed consolidation phase will be welcomed now for the health of this mighty Gold Bull Market.

It is time for Gold Miners to move decisively up, breaking out and outperforming Gold advances during this healthy consolidation phase for the mighty Gold Bull Market. Financial reports about the increased operation margins and profits for the major Gold Miners should bring the headlines and new investors into the sector.

Gold Miners have a lot of work to do just to catch up to Gold's magnificent performance this year. Investors will rediscover Gold Exploration Companies, and excitement will build up during the coming M&A wave we discussed last week. 

Greed and FOMO will drive hedge fund managers to gain exposure to the Gold and Mining Sectors, risking underperforming the more wise and forward-looking peers building their positions in the Real Hard Assets and Commodities.

Gold was going parabolic, overtaking $2,600 in one breath and striking the new highest daily and weekly closings in history at $2,622 on September 20, 2024. That new breakout phase came after a striking series of new ATHs: $2,558 on September 12; $2,580 on September 13; $2,584 on September 16; and $2,587 on September 19, 2024. Nothing grows straight into the sky, and consolidation will be welcomed for the Gold Bull market at this stage. 

Before the start of September, Gold made a new highest daily close in history at $2,526 on August 27, 2024. That previous magnificent ATH daily closing was followed by the highest monthly close in history at $2,503 on August 30, 2024. 

Gold reached our first milestone of $2,500 in this magnificent Bull Market in spectacular fashion and made a new highest daily close in history at $2,508 on August 16, 2024. We had our headlines. Previously, Gold surged to the new ATH at $2,472 on August 12, 2024, smashing the prior highest daily closing in history at $2,469 made on July 31, 2024. 

Gold made a prior monthly all-time high close in history at $2,447 on July 31, 2024. We have a stable foundation for this magical Gold Bull Market based on rising quarterly and monthly ATHs. Gold surged to the new highest daily closing in history at $2,469 on July 16, 2024, smashing the previous ATH at $2,426 on May 20, 2024.

Graddhy has published "The Wild Gold Chart", with a potential technical target price of $48,000. My target of $10,000 for Gold seems less outrageous and can be considered a perfectly reasonable milestone in this perspective.

This new record comes after Gold established a new weekly ATH at $2,411 on July 12, 2024. Gold finished the second quarter on a remarkably powerful note and made a new highest quarterly closing in history at $2,327 on June 28, 2024. 

This June's monthly closing for Gold at $2,327 repeated the previous monthly highest close in history at $2,327, made on May 31, 2024. We have an exceptionally firm foundation of rising monthly and quarterly ATHs during this consolidation phase of the Gold Bull Market.

Fundamental Research Corp. issued an updated report on TNR Gold: "Since our initiating report in September 2023, TNR’s royalty projects have made significant progress. TNR is up 40% since September 2023." You have a lot of updated information to do your own research on our Company following all-important disclaimers.

Graddhy shows on the 53-year chart the history of 3 Gold Bull moves. He is painting the beautiful road map for Gold to surge in the third wave of this Bull Market towards his targets in the $10,000 - $15,000 range per ounce.

 

Gold surged to $2,450 and made the previous highest daily close in history at $2,426 on May 20, 2024. Before that, Gold hit ATH at $2,414 on May 17, 2024. That jump followed a brief consolidation following the previous verticle climb of back-to-back all-time highs. 

The history of Gold Cycles provided by Tavi Costa illustrates the main drivers of this new mighty Gold Bull Market.  This is just the beginning of the new leg up after the breakout from the giant "Cup and Handle" technical formation.

Every consolidation phase will provide new opportunities and allow new investors to shift towards true solid values. New fortunes will be created by this powerful, dramatic rebalancing of the geopolitical and financial systems based on debt and its common denominator, the US Dollar.

Bloomberg reports that Gold's return in 50 years exceeds bonds. Can Gentlemen prefer Gold from now on as well? Gold becomes a major diversifier and the ultimate hedge on the institutional level for portfolios constructed with stocks, bonds and crypto assets. 

Gold surged to the previous ATH  at $2,391 on April 19, 2024. During that week, Gold again rushed from one ATH to another at $2,382 on April 15, 2024, and $2,383 on April 16.

Gold smashed a new intraday all-time high at $2,430 on April 12, 2024, after it made a previous ATH at $2,377 on April 11, 2024. During that week, Gold surged from one ATH to another at $2,339 on April 8, 2024, and $2,355 on April 9, 2024.

The week before, Gold surged to a new all-time high daily close at $2,330 on April 5, 2024. That new all-time high followed an awe-inspiring week when Gold smashed one ATH after another: $2,249 on April 1, 2024; $2,280 on April 2, 2024; and $2,300 on April 3, 2024. 

We had another set of the magnificent "Super White Soldiers". This incredible Gold price advance was based on the solid foundation of the new monthly and quarterly all-time highs at $2,234 established on March 28, 2024. 

This powerful move arrived after Gold smashed previous all-time highs at $2,204 on March 20, 2024, and $2,184 on March 11, 2024. Before it, the price of Gold hit $2,179 on March 8, 2024. As we have discussed, Gold needed to explode, breaking out from this giant "Cup and Handle" formation to new highs that rose throughout the first week of March. 

Today's important observation is that Gold is hitting new ATHs while Gold ETF holdings are only just turning up. This Gold breakout was driven by Central Banks and countries like China accumulating Gold. 

Only nowadays do we see inflows into Gold ETFs. Investors chasing FOMO the rising Gold price will be the next driving force for this magnificent Gold Bull Market. 

Gold ETF rebound in July. ETFs saw record outflow in the first half of 2024.

We had a confirmed breakout for Gold on the monthly chart with a mighty candle for March. It followed the previous breakout confirmation with magnificent "Super White Soldiers" - back-to-back all-time highs: $2,160 on March 7, $2,148 on March 6, $2,128 on March 5, $2,115 on March 4 and $2,083 on March 1, 2024. 

These previous ATHs followed the highest monthly, quarterly and yearly close in history at $2,063 made by the end of 2023. The previous all-time high at $2,080 was made by Gold on December 27, 2023. 

Gold sends a loud and clear signal that something is breaking up in the financial system. "Smart Money", China, and Central Banks are buying Gold as real insurance for the coming crisis. 

Every insurance is only as good as the counterparty providing it. Who will be able to meet all claims in the end? Gold is nobody's obligation and has become "The Ultimate Hedge" for all portfolios constructed with bonds, equities and crypto.

Central Banks Buying Gold, Gamblers Buying Crypto.

Barron provides another indication that the general market "Irrational Exuberance" party may be over. 

"Smart Money" is already rotating into Gold, Real Hard Assets and Commodities. 

Gold miners are minting money with expanded margins and are still recovering and catching up with the rising Gold price. 

We have a perfect setup for the new Gold Bull Market. For the rest of this decade, the Bull Market for Gold Miners and Gold Exploration Companies will be a major part of it.

Tavi Costa illustrates the misallocation of investment capital during the market's "All Bubbles" stage. Gold and Gold miners represent just 1% of total global assets: almost a rounding error. The Great Rebalancing can bring real fireworks to the Gold market, Gold miners and explorers. 

Gold miners are only now waking up relative to the incredible performance of Gold in recent months. Higher Gold prices still have to make their way and expand margins, creating profit and slipping into the financial statements to be noticed by the investment crowds.

This chart from Tavi Costa illustrates very well the recent advance of junior miners relative to senior miners and Gold prices. Profits made in Gold and Silver markets are making their way into senior miners first. Only later is new money being allocated to the junior mining sector by investors seeking higher leverage to the rising Gold price. 

We have been waiting for the breakout from this giant Cup-and-Handle formation after the "pandemic" all-time high at $2,070 made by Gold in August 2020.

Video interview with Asharq Business with Bloomberg.

Now we have the generational breakout confirmed for this Gold Bull Market. Gold finished 2023 with the highest monthly, quarterly and yearly close in history at $2,063. Next is a climb to $2,500, $5,000 and over $10,000. 

Graddhy is painting a beautiful road map for Gold to surge in the third wave of this Bull Market towards his targets in the $10,000 - $15,000 range per ounce. In the coming months, we can expect new all-time highs for Gold following this breakout, which opens the road to climbing to new record prices of $2,500, $5,000 and over $10,000 per ounce of Gold.

Gold is not celebrating wars and the annihilation of human life. Its price points to the apparent imbalances in world governance and the global financial system. We have another wake-up call. I do hope the inevitable rise of the price of Gold to $2,500, $5,000 and over $10,000 will be orderly.

The US National Debt is over $36 Trillion and is unsustainable. The ability to continue paying interest and increase this debt depends on the faith in the value of the US Dollar and appetite for US Treasuries.

After a brief "deleveraging", the global financial system is back to increasing debt-to-GDP ratio. Total Global Debt stock is at a record $315 Trillion.

You can play Deep Fake Video Games with Crypto only for so many years, Deep Fake "Efficient Markets" like the Gold Market can be manipulated for decades, the illusion of your own choice to fight your own brothers to the last drop of your own blood for the elites has been cultivated for millennia.

It will not be so surprising that we have already reached the maximum stupidity point of no return. Wall Street will make the same one-trick pony with Bitcoin and all "FED Freedom Fighters": build the House positions in the Crypto Casino, make it easy to buy for retail "investors" by establishing ETFs, pump it UP and sell it to the salivating FOMO-chasing crowd as the new investment dream.  

The level of stupidity in modern society can easily exceed my bravest gestimations; some governments can even adopt it as an acceptable level of operations for any advanced version of "Idiocracy". I fulfilled my charity obligations by studying this subject in detail and moved on. 

The last important thing is to notice that smart money has also moved on and has been pumping the AI Bubble like there is no tomorrow for quite a bit of time already.  Society made a dramatic journey very fast from "FED Freedom Fighters" to Tether - "the Central Bank of Crypto" - and to BlackRock pumping Bitcoin with all the deadly force of the Wall Street Machine and selling it to the amused Lambs dreaming about their LAMBOs.

"The simple question to answer is: "Can theoretically some super-smart specially gifted people digitise ENRON's brave advanced accounting, Bernie Madoff's and Lehman Brothers' "Best Investment Practices"; encrypt it all for safely with a lot of BS, put it on a blockchain and give it as a finished product to ReTail to enjoy? In the end, it seems, that this is exactly what they really want to keep them happy while they are FOMO chasing their Day Dreams with LAMBos". A lot of Circus entertainment and some Bread for some, sometimes. All the same, just encrypted with a lot of hard to understand Crypto Tech jargon and other BS spices, so it tastes so good."

 

"I would say, why not? After all, other "One Thousand and One" known to humans scams are already being tortured by elliptic-curve cryptography in the Dark Crypto Web and put on different blockchains. Needless to say, that Circus has left already, probably, with all treasure troves, only clowns are still here."

False prophets did their dirty deeds and deceived millions by misguiding them and turning them away from productive investments and the real store of value represented by Gold. These cults can be run for a long time, but make no mistake: the divine laws of time and gravity will bring down all sandcastles.

"The Black Monday" event on August 5, 2024, confirmed Gold's unique status as "The Ultimate Hedge". Gold is nobody's obligation and has become "The Ultimate Hedge" for all portfolios constructed with bonds, equities and crypto.

Jeroen Blokland's chart demonstrates how investors were literally selling Bitcoin to buy Gold as geopolitical mentions spiked.

Bitcoin has experienced some dizziness after the recent highs and faced its moment alone with gravity last week of February 2025, crashing below $80,000. Gold ETF fund flow increased dramatically in February, while Crypto ETFs have experienced record outflows.

"Gold is coiling into the very powerful spring and knocking on the new all-time high "Heaven's Door". As with all generational Bull Markets, any price suppression and market manipulation can lead only to one thing: another opportunity to accumulate the best stories in the Gold mining junior space where new fortunes will be created in the next few years to come. 

Nobody knows the future, but history can teach us about manias and "irrational exuberance" spilling over from chasing Crypto Dragons into real assets and solid values that some junior miners can represent in the marketplace." 

Gold price action points to the obvious: any manipulation provides another unique opportunity to accumulate it. Ruthless Mr Market is separating YouTube traders and their money. The wise ones are given another chance and more time to learn and find The Best Stories among junior miners, which will build new fortunes.

"Only the patient investors who still can read, analyse and use the powerful organic intelligence tool - calculator, will be rewarded by the ruthless Mr Market. Only you can decide what to do after your own research and due diligence."

 

"We are getting closer to The Next Catalyst for Gold. The whole new generation of investors has to learn the hard way history lessons. They must find real, solid values after being used, disillusioned and thrown away by "The Ponzi on Steroids". "The Thousand and One" digitized scams known to humans remain scams even on the blockchains."

Yields are rising again, and the prices of Treasuries are going down while the prices of Gold are going up. We have a great rotation out of the US Treasuries into Gold. 

"There is no Gold 2.0, there are over 5,000 years of humankind's history with Gold. Investors are tired of losing money by chasing Crypto Dragons and Bitcoin Dreams in the Tether Metaverse."

We have The Peak Gold Supply in place, which will drive the new M&A cycle for the Gold industry. Gold miners are printing money again with expanding margins and will have to start looking more aggressively for new major Gold projects.

TNR Shotgun Gold, the Alaskan Elephant Country - Governor Mike Dunleavy: "President Trump’s Executive Orders, Impacting Alaska!"

TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"

My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout

“We are building 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.

Today, I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.

"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." 

Kirill Klip, Executive Chairman

TNR Gold Corp.

 

TNR Gold – AmeriGold – Shotgun Gold

The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path to moving this project forward using current geological and geophysical research to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. 

I believe that in order to maximise shareholder value and reach the potential valuations presented above, we must preserve capital, reduce the number of outstanding shares and not invest in Alaska with our own capital.

Our strategy, which we presented to potential strategic partners, involves creating a JV with one of the major gold mining companies. Our partner will invest substantial capital in developing the Shotgun Gold Project while earning a stake in the project.

TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.

Management is investigating the best value-creation strategies for the Shotgun Gold Project. It has established the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.

This article is for information only and provides publicly available information, as well as my personal vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. As always, please carefully read all our legal disclaimers and conduct your own due diligence.

Thank you for your support of TNR Gold!

Tesla Nicola rEVolution and Gold.