Ganfeng Lithium is moving very fast forward advancing all its Lithium vertically integrated business value chain at once, as it seems, with all recent announcements. They are moving forward with the development of Cauchari=Olaroz and Mariana Lithium brine projects in Argentina in order to secure a supply of raw materials.
"Jujuy, Nacion and Ganfeng signed a memorandum to manufacture Lithium batteries in the Jujuy Province, Argentina. The Chinese giant is increasing its footprint in Argentina and moving up the value chain establishing Lithium batteries production facilities in Argentina this time."
Lithium giant is going to build a new 50,000 tonnes-per-year lithium plant in the home province of Jiangxi:
"(Reuters) - China’s Ganfeng Lithium, one of the world’s biggest lithium companies, said on Tuesday it would set up a plant to produce 50,000 tonnes per year of lithium carbonate equivalent (LCE) in its home province of Jiangxi.The announcement comes as Ganfeng embarks on a plan to lift capacity roughly fivefold to no less than 600,000 tonnes of LCE annually. After a three-year downturn, demand for lithium, used in electric vehicle batteries, is surging again as the world’s transition to a low-carbon economy picks up pace."
Ganfeng is raising more capital to fund all its expansion plans:
"(Reuters) - Ganfeng Lithium, one of the world’s top lithium producers, said on Friday it would sell around HK$4.9 billion ($630 million) in new shares to boost capacity and fund potential investments."
They bought stakes in new lithium companies and increased its control and size of the available off-takes in the best projects. The strategy must be to get stakes in all the best available projects and diversify its lithium raw material base geographically and build a solid foundation for years to come with all 3 major sources of lithium raw materials: brines, hard-rock spodumene and clay.
Ganfeng has increased its stake in Mariana Lithium JV further closer to 100% with 89.9% ownership according to the latest public information. The Mariana Lithium Project "is expected to reach the feasibility study stage by the end of May 2021". (NRs and JV partner filing May 13, 2021)
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" (SEDAR May 13, 2021).
After an increase of more than 250% of Lithium resource at the Mariana Lithium Project in 2020, Ganfeng now has all incentives in place to move Mariana Lithium Project fast forward into production. "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 Annual Report 2020.
With the establishment of the Lithium batteries manufacturing base in Argentina by Ganfeng, we can, maybe, forget about any ideas to ship concentrated Lithium brine from Argentina to China and start thinking about membrane-based Lithium extraction technology. It will be the next major technological breakthrough not only for Ganfeng but for the whole Lithium industry. Successful implementation of that technology can bring increased output, reduction of cost and control of the chemical purity for the Lithium product. All these operations can be made with a much smaller environmental footprint improving further ESG appeal of the full life cycle for electric cars. Mariana Lithium Project economics can be potentially improved dramatically in that case as well.
Now you can better understand why we are really excited with all the positive developments for our Royalty portfolio of Green Energy Metals. TNR Gold is holding Royalties on giant projects containing Copper, Gold, Silver and Lithium. I have participated in all our financings and other insiders have joined me.
TNR Gold is very tightly held with all Insiders and NovaGold holding a majority stake, I am the major individual shareholder and participating in our private placement again. Do not hesitate to contact me directly to learn more about our Company and this opportunity. We are building The Green Energy Metals Royalty and Gold Company - Tesla Nikola rEVolution and Gold. Make your own research and join the rEVolution. Follow The Next Real Gold - TNR Gold Corp. Stay safe and prosper.
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TNR Gold Lithium Royalty Holding: Ganfeng Increases Stake In Mariana Lithium Closer To 100% - "Jujuy, NaciĆ³n And Ganfeng Signed A Memorandum To Manufacture Lithium Batteries In The Province of Argentina".
We have another set of very good public news coming from Argentina for Ganfeng Lithium and TNR Gold. Jujuy, Nacion and Ganfeng signed a memorandum to manufacture Lithium batteries in the Jujuy Province, Argentina. The Chinese giant is increasing its footprint in Argentina and moving up the value chain establishing Lithium batteries production facilities in Argentina this time.
This move finds strong support from the government in Argentina, which do not like to be just a raw material base for the Energy rEVolution. This news will be very positive for the development of all Lithium projects in Argentina under the operation by Ganfeng Lithium. We have another piece of the puzzle placed in place for the beautiful picture of the Mariana Lithium Project moving closer to production.
TNR Gold is plugged into Energy rEVolution with our Royalty Holding on the entire Mariana Lithium Project JV operated by the giant from China Ganfeng Lithium. The new "Plan of Activities for 2021" with a proposed budget of USD $25 million is moving the giant Lithium project forward towards construction.
"China's Ganfeng Lithium considers Argentine battery plant"We want to support the industrial development of Argentina to make it one of the most important lithium-producing countries in the world," Ganfeng Chairman Li Liangbin said in that statement.Ganfeng is also pursuing a lithium brine project in Argentina's Salta province, near Jujuy, and expects to this year receive the environmental assessment permit needed to start construction." Mining Weekly.
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