“I’m a strong believer in personal interest,” stated Mr. Klip. “It’s very encouraging when it’s aligned with that of the shareholders. To that end, I’m pleased that other insiders of the Company have joined me in our recent private placements. While I am the largest individual shareholder of TNR Gold, it’s crucial for me that all of us at the TNR Gold Team are personally motivated to succeed. It’s because of this that shareholders can trust us to advance the Company forward with great passion. Our recent private placement was oversubscribed and we are well-positioned now to develop further our portfolio of strategic assets in gold and Energy rEVolution metals..."
TNR Gold Investor Presentation - Building The Green Energy Metals Royalty and Gold Company from Kirill Klip
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TNR Gold Lithium Royalty Holding: Ganfeng Increases Stake In Mariana Lithium Closer To 100% And "It Is planned To Commence Construction After The EAP For Plant Construction Is Obtained In 2021 ".
Ganfeng Lithium has released its Annual Report 2020 and we have another set of very good public news coming from the Mariana Lithium Project in Argentina operated by this giant from China. The new "Plan of Activities for 2021" is moving the giant Lithium project forward towards construction after Ganfeng has increased its stake in Mariana Lithium JV further closer to 100% with 89% ownership according to the latest public information (April 26, 2021). "The application for environmental assessment of the Mariana Project in Argentina was successfully submitted, and it is planned to commence construction after the environmental assessment permit for plant construction is obtained in 2021."
The new US $25 million budget was proposed for 2021. The plan of activities is set for 2021 and the Mariana Lithium Environmental Impact Report was successfully presented to mining authorities in Salta.
I am expecting to see a further increase in Ganfeng Lithium's ownership of Mariana Lithium moving closer to 100%, as their JV partner "... has decided to temporarily cease to make contributions to the Mariana Joint Venture Project in order to concentrate on other strategic projects" in 2020 (SEDAR November 30, 2020), unless this position has been changed for 2021.
It is important to note here that TNR Gold does not have to contribute any capital for the development of Mariana Lithium and our NSR Royalty does not depend on the size of ILC's potentially diluted ownership in the Mariana Lithium Project.
Ganfeng Lithium delivered a solid performance in 2020 despite the global pandemic and we can have a glance at the Group's plans about the building of the major dominant player in the Energy rEVolution with its Vertically Integrated Lithium Business. The Group activities are covering all Lithium Battery Value Chain from the production of raw materials to Solid-State Lithium Batteries. Just 369,000 T of LCE was produced globally in 2020 and giants like Ganfeng Lithium are getting ready to make a quantum jump in order to meet the exponentially growing demand for EVs and Energy Storage and produce over 1M T of LCE annually after 2026.
Ganfeng Lithium
Ganfeng Lithium has built the most completed lithium industry value chain in the world, covering the important sectors of the lithium industry from upstream to downstream.
Ganfeng Lithium
Ganfeng Lithium involved in the extraction of upstream lithium resources, deep processing of lithium compounds, production of lithium metals, production of lithium batteries; and reclaiming and recycling lithium.
Ganfeng Lithium
"The feasibility study of Mariana project was completed smoothly in 2019, and construction was planned to be conducted after acquired the environmental assessment permit for construction of plant in 2021."
Ganfeng Lithium
"The application for environmental assessment of the Mariana Project in Argentina was successfully submitted, and it is planned to commence construction after the environmental assessment permit for plant construction is obtained in 2021."
Ganfeng Lithium
"TNR Gold holds NSR royalties on projects containing copper, gold, silver and lithium metals. TNR Gold does not have to contribute any capital for the development of Los Azules Copper Project and Mariana Lithium Project. Neither does our NSR Royalty depend on the size of International Lithium’s potentially diluted ownership in the Mariana Lithium Project. The essence of our business model is to have industry leaders like McEwen Mining and Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders."
TNR Gold Lithium Royalty Holding: Ganfeng Increases Stake In Mariana Lithium Closer To 100% And Moves Project Towards Pilot Scale Test Stage - "The US $25 Million Budget Is Proposed For 2021".
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