TNR Gold Lithium Royalty Holding: Ganfeng Increases Stake In Mariana Lithium Closer To 100% - "China's Ganfeng Gets Green Light For 20,000 Tonnes Per Year Lithium Plant For Mariana In Argentina".

This summer is really getting very hot for all our projects despite the winter season in Argentina, as we have discussed in our latest Video update! We are building The Green Energy Metals Royalty and Gold Company and public news is pouring in with the new level of developments on all fronts for all Green Energy Metals and Gold in our very strong portfolio of assets.

Today we extend our congratulations to Ganfeng Lithium and all their Team! Judging by the treatment of Ganfeng Lithium's plans for Mariana Lithium and granted "green light to go" in the record time, the Government of Argentina is ready to address this new chapter for its economy in the most productive, practical and efficient way in order to attract investments and the best companies to build these new industries for the 21st century. Please make no mistake here, we are talking about the future for all proud people of Argentina. This beautiful country can become the Power House for the Energy rEVolution.

Things are finally heating up with all our holdings in Gold, Copper Silver and Lithium to the proper melting point when the true value of our assets will start to shine brightly. Now even ruthless and brutal Mr Market will not be able to ignore it anymore. 

Today, Mr Goldcorp. Rob McEwen has announced that he is moving the giant Los Azules Copper, Gold and Silver project on the fast lane of development to feed Energy rEVolution. TNR Gold is plugged into this electric future with our NSR Royalty Holding on the entire Los Azules Project.

And now, Ganfeng is picking up this electric race with their great news delivered by Reuters via NASDAQ that Mariana Lithium Project gets the green light for 20,000 tonnes per year Lithium plant for Mariana Lithium Project in Argentina! You can find more info about Ganfeng Lithium plans to invest US$600 million dollars in the development of the Mariana Lithium Project for your own research on the links below. TNR Gold is holding NSR Royalty on the entire Mariana Lithium Project. 

NASDAQ:

China's Ganfeng gets green light for Argentina lithium plant

Tom Daly Reuters

"July 6 (Reuters) - China's Ganfeng Lithium 002460.SZ, 1772.HK on Tuesday said its subsidiary had received approval to build a 20,000 tonnes per year lithium plant for its Mariana project in northern Argentina, where it intends to use solar power.

Ganfeng, one of the world's top producers of lithium chemicals for electric-vehicle batteries, said its unit Litio Minera Argentina "recently obtained an Environmental Impact Report approval for the construction of a plant for the Mariana lithium salt lake project from Salta Province".

The document approved a plant with capacity to produce 20,000 tonnes of lithium chloride annually.

Lithium chloride, produced at lithium brine projects, can be used to make battery-grade lithium carbonate or lithium metal.

Ganfeng, which said last month it would use a 120-megawatt photovoltaic system to power the plant, had previously noted lithium at Mariana could be extracted through solar evaporation, reducing emissions and costs. 

(Reporting by Tom Daly; editing by Barbara Lewis)

((tom.daly@thomsonreuters.com; +86 10 5669 2119;))"

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 Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

Alastair Ford: "TNR Gold Set To Be Major Beneficiary Of Ganfeng’s Proposed US$600mln Investment In The Mariana Lithium Project."

 

Giant Ganfeng Lithium To Invest US$600M In Mariana Lithium, Plans To Double PEA Estimated Annual Lithium Production To 20,000 LCE Tonnes.

"Another great news for the proud people of Argentina and TNR Gold shareholders is that Reuters reports that now Ganfeng Lithium is planning 20,000 T of annual LCE production capacity. It will be a 100% increase from the 10,000 T of annual production capacity estimated in the Mariana Lithium PEA which was prepared and released in 2018 before more than 250% increase in measured and indicated Lithium resources from the 2017 resource estimate was reported by Ganfeng Lithium and TNR Gold in 2020."

Proactive:

TNR Gold set to be major beneficiary of Ganfeng’s proposed US$600mln investment in the Mariana lithium project

Alastair Ford

TNR has exposure to three sizeable projects, two in Argentina and one in Alaska

It’s a back-of-the-envelope number, but TNR Gold Corp (CVE:TNR) could now just be a stone’s throw away from a recurring US$5mln per year revenue stream from its 1.8% royalty on the Mariana lithium project in Argentina.

It’s been more than 12 years since the TNR team originally discovered Mariana, and development since then has sometimes seemed painfully slow. In the intervening period between then and now TNR managed to further develop a highly attractive gold project in Alaska that often hogs the limelight as far as newsflow and investor sentiment are concerned.

But Mariana retains significant value for the company too, particularly so since the project is so large.

Since China’s largest lithium company, Ganfeng Lithium, got involved some years ago the size of the lithium resource has increased by more than 250%, the amount of lithium the project is slated to produce annually has doubled, and the lithium price has bounced from multi-year lows.

In this context, it wasn’t too surprising that Ganfeng announced in the latter part of June that it was willing to put up nearly US$600mln to develop Mariana, and that ideally construction should start before the end of this year.

The news was welcomed by the governor of Argentina’s Salta province, particularly so as the proposal involves sourcing all power for the project from solar energy.

The implications for the region are significant in terms of employment and wider economic uplift, and they’re significant for TNR too.

Hard financial numbers are difficult to come by as yet, as an official feasibility study is still in the pipeline, and the parameters of the project have changed so much to the upside since the original preliminary economic assessment was done in 2018.

But on the basis of a smaller resource, a lower lithium price, and a lower output rate, one analyst reckoned a year or two ago that the annual revenue due to TNR would be upwards of US$1mln. No question that that number is much higher now, and pegging it at US$5mln, though aggressive, doesn’t seem outlandish.

Kirill Klip, the chief executive of TNR, is certainly under no illusion about the significance of the Ganfeng commitment to Mariana.

“This is basically the best news for us since we got involved,” he says.

“The project has been 12 years in development and now suddenly the switch is going to switch on.”

The transformation to TNR will be significant. The company is currently capitalised at under C$8mln on the Venture Exchange, despite the huge potential upside at the Shotgun Gold project in Alaska and at the Los Azules copper project, also in Argentina, where McEwen Mining (TSE:MUX) is taking the lead. All told, Argentina is definitely heating up for TNR Gold this year, as Bloomberg reported significant developments at Los Azules only this week.

At Shotgun, meanwhile, Klip has been hanging fire on initiating a major drill programme because to his mind the upside is so significant that only a major campaign would do it justice - and that, of course would be expensive.

But with US$5mln in potential future annual revenues coming in from Mariana, the picture is transformed. For one thing, TNR will be able to front up for significant drilling costs off its own bat, without having to go to the market or seek a partner. But if it does end up seeking a partner, the pressure to sign on the dotted line will be greatly reduced.

The Mariana royalty, in short, represents TNR’s route to independence, especially since no contribution at all is required to get Mariana going.

“The essence of our business model is to have industry leaders like Ganfeng Lithium as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders,” emphasises Klip.

"I believe, that our NSR Royalty on Mariana Lithium is a company building asset. We are building the green energy metals and gold company. 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 the Los Azules copper project and 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."

Kirill Klip GEM Royalty TNR Gold Lithium 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 Kirill Klip feeds and blogs. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.