TNR Gold Mariana Lithium NSR Royalty Partner: Ganfeng Starts Mass Production of 650 Wh/kg Lithium Solid-State Batteries to Power EVs and Robots

 

TNR Gold Team is celebrating the first export of lithium chloride produced by Ganfeng from the Mariana Lithium Project, and our NSR Royalty partner opens the new chapter of its state-of-the-art lithium batteries business. Ganfeng starts mass production of 650 Wh/kg lithium solid-state batteries to power EVs and humanoid robots.

Ganfeng Lithium LatinoAmerica

"TNR Gold Team proudly congratulates the entire Ganfeng Lithium Team and the communities of Argentina on the successful completion of the first shipment of high-purity lithium chloride from the Mariana Lithium Project in Salta Province. This landmark export marks a significant achievement in the project's development and represents another key milestone for TNR Gold as we advance toward becoming a cash-flow-generating royalty company."

Today, you can learn more about lithium solid-state batteries and why they will be powering EVs and humanoid robots. Lithium chloride is the preferred chemical composition for converting lithium salt into lithium metal to use in lithium solid-state batteries.

Just last year, we were asking the rhetorical questions: 

Do Robots Use Lithium Batteries? Hungry Humanoid Robots Running Wild on FSD: Will They Eat All Available Lithium by 2030?

And now humanoid robots are coming from labs into the factories and very soon into our houses and onto our streets. Morgan Stanley is talking about 1 billion of them by 2050 in their latest research, bringing a "$5 Trillion Market" with them.

"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."

 

With our NSR Royalty Holding on the giant Ganfeng's Mariana Lithium Project, 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.

CarNewsChina.com:

Hyundai supplier Gangfeng Lithium began production of 650 Wh/kg batteries

"Changan & Hyundai supplier Gangfeng Lithium reportedly began mass production of solid-liquid-state batteries with an energy density of 650 Wh/kg, utilizing a lithium alloy. The company is also in the sample production stage of all-solid-state packs.

Gangfeng Lithium was founded in China in 2000 as a manufacturer of lithium salt and batteries. In 2017, the company started supplying batteries for passenger electric cars. In 2023, Gangfeng Lithium signed an MOU with Changan Automobile. A similar agreement was reached with Hyundai a year later.

Recently, Gangfeng Lithium officials disclosed information about the company’s latest business developments. A lithium hybrid solid-liquid battery with an energy density of 400 – 650 Wh/kg became one of the company’s latest products, Autohome reports. Such a pack is currently used in non-automotive segments. However, there is a chance that such technology will be adopted by future BEVs.

Gangfeng Lithium achieved improved battery density using higher-performance positive and negative electrode materials. Company officials shared that lithium metal anodes with low potential and high capacity are crucial for creating a high-density battery.

At the moment, lithium batteries have become the industry standard worldwide. However, they have several drawbacks. Lithium dendrites could be easily formed in such packs, leading to short circuits. The lifespan of lithium batteries is relatively short. However, Gangfeng Lithium reportedly solved these problems by using alloyed lithium metal to improve electrochemical stability.

This multi-element alloy technology allowed Gangfeng Lithium to suppress the growth of lithium dendrites. At the same time, the company achieved a critical current density of 50 mA/cm² and areal capacity of 1 mAh/cm². Such battery packs meet the requirements of 3C fast charging. Lithium alloys form a framework to maintain contact between the electrode and electrolyte.

Another highlight of Gangfeng Lithium’s solid-liquid battery is a “zero-strain” lithium alloy anode, matched with a sulfur cathode. It achieves 3% – 5% volume expansion during charge and discharge. Such a battery also passed penetration and heating to 250 °C tests. The exothermic reaction between the alloy and sulfides is more than 90% lower than that of pure lithium.

As mentioned, these technologies were adopted by Gangfeng Lithium’s solid-liquid-state batteries. They haven’t been used on cars yet. However, the battery maker believes that such experience will help it to create all-solid-state batteries with lithium alloy anodes. The company has already reached the sample production stage. More about Gangfeng Lithium as we get it."

Lithium Universe Confirms Signs of Intelligent Life. TNR Gold NSR Royalty: "Ganfeng's Mariana Project Will Gradually Supply Lithium Chloride Products in a Stable Manner From the Second Half of 2025 Onwards"

TNR Gold Mariana Lithium Royalty, Ganfeng's Major Solid-State Battery Breakthrough and $5 Trillion Market For Humanoid Robots

TNR Gold Welcomes First Lithium Chloride Shipment From Ganfeng’s Mariana Project

 

TNR Gold Team Congratulates the Ganfeng Lithium Team and the People of Argentina!

TNR Gold Team proudly congratulates the entire Ganfeng Lithium Team and the communities of Argentina on the successful completion of the first shipment of high-purity lithium chloride from the Mariana Lithium Project in Salta Province. This landmark export marks a significant achievement in the project's development and represents another key milestone for TNR Gold as we advance toward becoming a cash-flow-generating royalty company.

Ganfeng Lithium LatinoAmerica

The shipment, comprising 240 tonnes of lithium chloride dispatched from the General Güemes facility, validates the effectiveness of the extraction technology implemented at the Mariana Project. With Ganfeng Lithium now positioning the product for sale in the market, the project transitions from development to full-scale commercial operations.

Importantly, current lithium prices in China have shown substantial recovery, with lithium carbonate equivalent (LCE) trading in the range of approximately $18,000–$20,000 per tonne (based on recent market data in CNY equivalents converted at prevailing rates). This compares favourably to levels below $10,000 per tonne observed roughly one year ago, underscoring improved market conditions and the strategic timing of this production ramp-up.

Salta Mining

The Mariana Project, with a designed annual capacity of 20,000 tonnes of lithium chloride at Phase I, strengthens Ganfeng's presence in Argentina's growing brine-based lithium sector and highlights the potential for sustained value creation.

TNR Gold holds a 1.5% net smelter return (NSR) royalty on the Mariana Lithium Project (with 0.15% held on behalf of a shareholder), positioning the Company to benefit from this exciting progress.

We extend our sincere appreciation to all involved and look forward to continued success at the Mariana Project.

De Salta al mundo: Ganfeng Lithium exportó cloruro de litio por primera vez desde su planta de proceso en General Güemes

Ganfeng Lithium LatinoAmerica

Proactive:

TNR Gold welcomes first lithium chloride shipment from Ganfeng’s Mariana project

Emily Jarvie

"Ganfeng Lithium has completed the first shipment of lithium chloride from its Mariana project in Argentina, a milestone that has welcomed by royalty-holder TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF).

TNR Gold holds a 1.5% net smelter return (NSR) royalty on the Mariana project, which includes 0.15% held on behalf of a shareholder.

Per local media reports, Ganfeng’s shipment comprised 10 containers of lithium chloride, each weighing 24 tons, dispatched from its plant in General Güemes in Salta province. The lithium is sourced from brine extracted at the Llullaillaco Salt Flat in Argentina, processed through the Mariana project led by Ganfeng Lithium.

Ganfeng Lithium LatinoAmerica

The shipment was consolidated and verified by Customs at the point of origin, enabling the transaction to be statistically recorded within the province.

The export marks the integration of the project’s full production chain, including brine extraction at Llullaillaco, industrial refining in Güemes, and intermodal logistics supported by rail transport.

At full capacity, the Mariana project is expected to produce up to 20,000 tons of lithium chloride annually, increasing Ganfeng’s participation in Argentina’s brine-based lithium sector.

Salta Mining

“We are very pleased that Ganfeng completed the first lithium chloride export from Mariana Lithium in Argentina,” TNR Gold’s Kirill Klip told Proactive. “We are looking forward to our first NSR royalty cash flow payment from the Mariana Lithium Project."

Klip highlighted that TNR Gold is building “the” Green Energy Metals Royalty and Gold Company.

“Our business model provides a unique entry point into the creation of supply chains for critical materials like energy metals, which are powering the Energy rEVolution, and the 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,” he said.

“In our portfolio, we have a unique combination of assets providing exposure to different parts of the mining cycle, starting with the power of blue-sky discovery and including partnerships with industry leaders like McEwen Inc., Ganfeng Lithium, Lundin Mining and BHP as operators on the projects that could potentially generate royalty cashflows to contribute significant value for our shareholders.”

GEM Royalty TNR Gold Corp. 

“TNR Gold Corp is your gateway to the green energy rEVolution and gold stability! We're building a leading green energy metals royalty and gold company, offering a unique entry into the supply chains powering the energy transition. With a 1.5% NSR royalty (of which 0.15% is held on behalf of a shareholder) on the Mariana Lithium Project in Argentina, operated by Ganfeng Lithium, and a 0.4% NSR (of which 0.04% is held on behalf of a shareholder) on the massive Los Azules Copper Project with McEwen Mining—backed by giants like Rio Tinto and Stellantis—we’re positioned for significant cash flows without the capital burden. Add to that our 90% stake in the Shotgun Gold Project in Alaska, near the Donlin Gold deposit, with 705,960 ounces of inferred gold resources, and we’re a diversified powerhouse. TNR delivers exposure to lithium, copper, silver and gold, blending blue-sky discovery with partnerships that drive value—perfect for investors seeking growth and a hedge in today’s economic cycle!”

Kirill Klip, Executive Chairman,

TNR Gold Corp.

“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.

The links below provide more information for your further due diligence about GEM Royalty, TNR Gold and our NSR Royalty on Ganfeng's Mariana Lithium Project in Argentina.

 

Angela Harmantas from Proactive wrote about the new report on TNR Gold from Fundamental Research Corp.:

"TNR Gold is on the cusp of becoming a revenue-generating royalty company, according to a new report from Fundamental Research, with analysts citing rising lithium and copper prices as key drivers for near-term earnings."

 

"The company, which focuses on royalties from projects operated by other mining firms, has seen its shares surge 240% year-over-year, significantly outperforming the BetaShares mining royalty ETF, up just 17% over the same period.

TNR’s portfolio includes the Shotgun gold project in Alaska, as well as royalties on two advanced South American projects: the Mariana lithium project in Argentina, owned by Ganfeng Lithium (SZSE: 002460), and the Los Azules copper-gold project, controlled by mining veteran Rob McEwen and his institutions." (Angela Harmantas)

"Analysts at Fundamental Research noted that TNR is “awaiting its first royalty payment, expected this quarter, as Ganfeng began production at its Mariana lithium project last year.” Based on current lithium prices, the firm estimates TNR could earn around US$1.6 million annually from Mariana.

“Receiving this first payment will be a major milestone, marking TNR’s transition into a revenue-generating royalty company,” analysts wrote." (Angela Harmantas)

 

TNR’s Los Azules copper-gold royalty is also drawing attention. McEwen completed a feasibility study in October 2025, confirming the project’s economic attractiveness, and the project was included in Argentina’s Large Investment Incentive Regime (RIGI), granting tax and export benefits. Copper prices, meanwhile, have risen 34% year-over-year to an all-time high of US$5.82 per pound. Fundamental Research estimates TNR could earn US$5 million annually in royalties at conservative copper prices, rising to US$8 million at current spot prices, with construction planned to begin in 2026 and commercial production by 2029. (Angela Harmantas)

"Fundamental Research reiterated its Buy rating on TNR, raising its fair value estimate from C$0.30 to C$0.35 per share. TNR “offers exposure to gold, lithium, and copper through projects in Alaska and Argentina, and is on the verge of earning its first royalty revenue,” analysts wrote, adding that “high metal prices, combined with project milestones, position TNR for significant revenue potential.” (Angela Harmantas)

 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.

"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 Harmantas)

The valuation matrix provided by Fundamental Research enables investors to assess the impact of varying copper and lithium price assumptions on TNR Gold Corp.'s potential valuation.

Lithium Universe Confirms Signs of Intelligent Life. TNR Gold NSR Royalty: "Ganfeng's Mariana Project Will Gradually Supply Lithium Chloride Products in a Stable Manner From the Second Half of 2025 Onwards"

Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold

Guest post:

Gold in the USA, the Alaskan Elephant Country: the Pitch for Elevation to Climb a Huge Wall of Worry, Ignition Stage - TNR Shotgun Gold

Konstantin Klip

The TNR Gold Team commenced 2026 on a highly positive trajectory, having achieved a spectacular 240% increase in the Company's share price throughout 2025. This strong performance culminated in an intraday high of $0.19 on January 26, 2026.

Chart by Nicholas Winton

TNR Gold's CEO recently shared an update outlining his personal vision for the Company and clearly defined strategic goals. Our TNR Gold Team is fully committed to pursuing and realising these objectives, with a continued focus on delivering value to shareholders through disciplined execution and strategic initiatives in the green energy metals and royalty space.

Building The Green Energy Metals Royalty and Gold Company: The TNR Gold Team Continues To Increase Our Stake

"My personal share price target for our Company is to reach a minimum of C$0.50, and with all our dedication, your support, and a strong gold market, we can aim at C$1.0 after the successful J/V partnership on the Shotgun Gold Project in Alaska." 

 

“TNR Gold's 2025 share price surged 240% from CAD 0.05 to 0.17, fueled by insider purchases totalling over 2 million shares and minimal dilution, as detailed in the attached chart showing a bull flag breakout and heavy accumulation signals.” (By Grok)

"The rally culminated in a record daily close of $5,418 on January 28, 2026, followed by an intraday surge above $5,590 on January 29, marking one of the most aggressive upward phases in recent history. 

On January 30, 2026, gold entered the much needed helathy consolidation stage, which we have been talking about and underwent a significant correction, often characterised in mass media coverage as a "brutal" pullback amid profit-taking, a firmer U.S. dollar, and shifting expectations around monetary policy. Spot prices fell sharply, representing a decline of around 9% from the prior session's levels."

"As a reminder of the Big Picture View, all our readers should take into account that the broader context remained constructive: gold recorded a new all-time high monthly close for January at $4,893, underscoring the strength of the underlying trend even after the sharp retracement. This performance highlights gold's role as "The Ultimate Hedge" - a resilient asset amid evolving macroeconomic dynamics, with the metal maintaining substantial year-to-date gains and positioning for potential further advances as market participants monitor inflation, policy developments, and global risks."

"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."

"New fortunes will be created in the gold mining junior space. Nobody knows the future, but history teaches us about manias. "Irrational Exuberance" spills over from AI & crypto into real assets and solid values that some junior miners can represent now."

"Gold's next move is to climb to the next elevated level on its way to $10,000 after the healthy consolidation stage to digest the incredible gains gold has made this year already and its surge over $5,000."

This coming wave of M&A among gold producers and the success of investments by Rob McEwen, Erik Sprott, and other prominent gold entrepreneurs in promising new projects will drive the next stage of remarkable gains for intelligent investors. 

The scarcity will drive up the strategic value of the gold projects in the best mining jurisdictions. A well-known billionaire investor, John Paulson, secured his stake in Donlin Gold, the new giant Gold mining camp on US soil in the making. 

TNR Gold in the Alaskan Elephant Country: Shotgun Gold Project Relationship With Developing NovaGold's Donlin Gold Mining Camp

With the rising gold price and a new era for the development of natural resources on US soil, particularly in Alaska, the Shotgun Gold Project is coming very close to its launch on the new orbit of valuation and development.

Smart money is accumulating the best Gold Stories to climb over a huge wall of worry following another major leg up for this Gold Bull Market, propelled by the debasement of all currencies.

Imagine tapping into Alaska's gold-rich Tintina Gold Belt, where TNR Gold's Shotgun Project shines with an inferred resource of 706,000 ounces at 1.1 grams per tonne. Located just 190 km south of the world-class Donlin Gold Project. Shotgun Gold offers a prime opportunity for a major mining partnership. With its advanced exploration stage, multiple high-potential targets, and geological similarities to nearby giants, this project is poised for growth.

"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.

Shotgun Gold is a Project located in South West Alaska, USA, in the same regional area as Novagold’s Donlin Gold Project.

Lang’s & Baker’s 2001 academic study specifically identifies both projects as "major porphyry granite-related gold deposits" that are related to a widespread magmatic gold mineralising event. Riveting stuff. What it implies in layman’s terms is that both projects arose from the same geological kitchen sink, leading one to the supposition that they should both possess similar favourable geological properties. 

To that effect, Shotgun’s general mineralisation style resembles the neighbouring Donlin Gold project. For instance, Shotgun’s particular intrusion is associated with 69.7Ma magmatism, while Donlin Gold holds 70ma magmatism.

Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been identified to possess little-to-no "nugget effect". A high ‘nugget effect’ means high variability between samples that are closely spaced. "No nugget effect" implies tight-fisted uniform mineralisation of a bulk tonnage gold system. There’s no need to dig up empty rock space, so the stripping ratio for any potential mine will be low, keeping costs way down.

What’s more, when a system’s topographical layout lines up neatly at the top of a ridge-like Shotgun's, it means the extraction of resource systems in similar conditions is very efficient - there is no need to remove layers of empty waste rock by tentatively stripping the ridge. Instead, one decisively takes the top of the hill in its entirety. Shotgun’s targeted bulk tonnage gold system runs from the very surface down to *at least* a depth of 150m (Open). "Open" means exploration to date has not identified the end of the mineralization from the drilling performed so far.

For the Shotgun Gold Project, Shotgun Ridge is just one of the multiple gold target areas controlled by TNR Gold. "Shot", "King" and "Winchester" add to the collection to form a distinct district with five (5) separate gold exploration targets identified so far. 

The Company is actively introducing Shotgun Gold to potential partners to decisively drill the entirety of these prospects. The objective of such a partnership would be to expand the known area of mineralisation, define new mineralised areas and conclusively assess the Project’s potential top-end valuation.

“We need to bring US$10mln in to drill the project very strongly,” says TNR Gold Executive Chairman Kirill Klip. “The first US$5mln to take the project from the current 700,000-ounce resource up to the two million ounce mark, the rest to drill out five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”

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 recognises 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.

TNR Gold Corporate Update and Strategic Review of the Developing M&A Opportunities

 

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.