Monday 27 September 2021

TNR Gold Announces Advancement Of Mariana Lithium Project To Construction By Ganfeng Lithium.

 

Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news when it comes to Ganfeng Lithium and the Mariana Lithium Project. I am also very pleased to see that Ganfeng Lithium has consolidated 100% of the Mariana Lithium Project and advanced it to the construction stage. This news comes after a 55% increase in measured and indicated resources following the previously announced 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng and salute to people of Argentina on the celebration of ‘Pachamama’ – the ritual that thanks the earth for all that we receive from it. This ritual was performed at Mariana Lithium in September after successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.



We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project and provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.

We welcome the news from the Salta regional government following its discussions with Ganfeng that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million.

TNR does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC’s diluted ownership in the Mariana Lithium Project. The 1.8% Mariana NSR Royalty on the entire Mariana Lithium Project is a very important part of TNR Gold’s portfolio. 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.”




TNR Gold:

TNR Gold Announces Advancement of Mariana Lithium Project to Construction by Ganfeng Lithium

"Vancouver, British Columbia – September 27, 2021: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that, further to the Company’s news release dated July 14, 2021, International Lithium Corp. (“ILC”) announced the purchase by Ganfeng Lithium of ILC’s remaining 8.58% stake in Litio Minera Argentina S.A., the owner of the Mariana Lithium Project in Salta Province, Argentina. TNR Gold holds a 1.8% net smelter returns (“NSR”) royalty on the Mariana Lithium Project.



The news release issued on September 21, 2021 by ILC stated:

“The board of International Lithium Corp. (the “Company” or “ILC”) is pleased to announce that it has agreed to the sale of its remaining 8.58% stake in Litio Miñera Argentina S.A. “LMA”, the company owning the Mariana lithium salar project in Argentina, and also to sell its other rights in the project, including the right to acquire a further 10% in the Mariana project. The legal entity acquiring is Ganfeng Lithium Netherlands Co., B.V., a subsidiary of the Company’s partner Ganfeng Lithium Co. Ltd.”

The news release issued by ILC on July 8, 2021 stated:

The Company has now received a 300-page report (the “Report”) from strategic partner Ganfeng Lithium Co. Ltd., (“GFL”) that contains an updated mineral resource estimate for the Mariana lithium brine project (the “Project”) located in Salta, Argentina. This Report was not prepared for public NI43-101 reporting standards, and therefore the Company is unable to disclose it fully. However, in the interests of investor transparency and to avoid selective disclosure, we are disclosing the following details from the Report which have already been disclosed in a news release issued by Ganfeng Lithium on July 6, 2021, and/or in a news release by the Salta Government in Argentina on June 16, 2021.

Highlights from the Report which are already in the public domain are as follows:

  1. The resource estimate contained in the Report, detailed in the table below, includes:
  • 6,854,000 tonnes of lithium carbonate (“Li2CO3“) equivalent (LCE) in the Measured and Indicated Resource categories, an increase of 55% over the 2019 estimate of 4,410,000 tonnes of Measured and Indicated Resource (Company news release, February 6, 2020)
  • an additional 1,267,000 tonnes of Li2COin the Inferred Resource category
  • these amounts are also now stated as 7,863,000 tonnes of lithium chloride equivalent in the Measured and Indicated Resource categories, and an additional 1,454,000 tonnes of lithium chloride equivalent in the Inferred Resource category
  1. Ganfeng have reported that an Environmental Impact Report approval has been received from the Salta regional government in Argentina for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.
  2. The Salta regional government has disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.




Report – Mariana Lithium Brine Project, Argentina

Further to previous Company news releases dated March 8, 2017, April 20, 2017, and February 6, 2020, ILC has received the Report for the Mariana lithium brine project containing an update to the resource estimate for the Project. Golder Associates Consulting Ltd. (“Golder”) prepared the Report based on an independent lithium brine resource estimate by Geos Mining Minerals Consultants (“Geos”) based in Sydney, Australia.

Resource CategoryAquifer Volume (Mm3)Brine Volume* (GL)Brine Density (g/mL)Li

(mg/L)

K

(mg/L)

Li

(kt)

LCE#

(kt)

LiCl#

(kt)

Measured17,6532,6481.2173159,5988334,4365,089
Indicated9,2861,3931.21332610,0444542,4182,774
Inferred4,7477121.21133410,1212381,2671,454
Measured + Indicated 

26,939

 

4,041

 

1.215

 

319

 

9,752

 

1,287

 

6,854

 

7,863

* Brine volumes are reported using a conservative aquifer average specific yield (SY) of 15%. Due to the nature of brine deposits, it is not relevant to estimate Mineral Resources to a specific cut-off grade. However, a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only.
Based on standard conversion rates, and assumes full extraction and conversion.
LCE = Lithium Carbonate Equivalent; conversion factor 5.324 (Ministry of Energy and Mines, British Columbia, Canada).
LiCl = Lithium Chloride; conversion factor 6.1078
Figures have been rounded. Well efficiency and production efficiency are modifying factors to resources and reserves, respectively.
The Qualified Person who prepared the brine resource estimate in the Report is Llyle Sawyer, MAIG of Geos. The effective date for the estimate is June 4, 2021.
Mineral resources are not mineral reserves as defined by the Canadian Institute of Mining and Metallurgy, and the Company cannot guarantee that the resources reported here will be converted to mineral reserves. Mineral resources that are not mineral reserves do not have demonstrated economic viability.



Kirill Klip, Executive Chairman of the Company commented, “We are pleased with the great news when it comes to Ganfeng Lithium and the Mariana Lithium Project. I am also very pleased to see that Ganfeng Lithium has consolidated 100% of the Mariana Lithium Project and advanced it to the construction stage. This news comes after a 55% increase in measured and indicated resources following the previously announced 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng and salute to people of Argentina on the celebration of ‘Pachamama’ – the ritual that thanks the earth for all that we receive from it. This ritual was performed at Mariana Lithium in September after successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project and provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.



We welcome the news from the Salta regional government following its discussions with Ganfeng that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million.

TNR does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC’s diluted ownership in the Mariana Lithium Project. The 1.8% Mariana NSR Royalty on the entire Mariana Lithium Project is a very important part of TNR Gold’s portfolio. 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.”

The ILC press releases and website material appear to be prepared by Qualified Persons and the procedures, methodology and key assumptions disclosed therein are those adopted and consistently applied in the mining industry, but no Qualified Person engaged by TNR has done sufficient work to analyze, interpret, classify or verify ILC’s information to determine the current mineral resource or other information referred to in its press releases. Accordingly, the reader is cautioned in placing any reliance on the disclosures therein.



ABOUT TNR GOLD Corp.

TNR Gold Corp. is working to become the green energy metals royalty and gold company.

Over the past twenty-five years, TNR, through its lead generator business model, has been successful in generating high-quality exploration projects around the globe. With the Company’s expertise, resources and industry network, it identified the potential of the Los Azules Copper Project in Argentina and now holds a 0.36% NSR Royalty on the entire project, which is being developed by McEwen Mining Inc.

In 2009, TNR founded International Lithium Corp. (“ILC”), a green energy metals company that was made public through the spin-out of TNR’s energy metals portfolio in 2011. ILC holds interests in lithium projects in Argentina, Ireland and Canada.

TNR retains a 1.8% NSR Royalty on the Mariana Lithium Project in Argentina. ILC has a right to repurchase 1.0% of the NSR Royalty on the Mariana Lithium Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced in a joint venture between ILC and Ganfeng Lithium International Co. Ltd.

TNR provides significant exposure to gold through its 90% holding in the Shotgun Gold porphyry project in Alaska. The project is located in Southwestern Alaska near the Donlin Gold project, which is being developed by Barrick Gold and Novagold Resources Inc.

The Company’s strategy with Shotgun Gold Project is to attract a joint venture partnership with one of the gold major mining companies. The Company is actively introducing the project to interested parties.

At its core, TNR provides significant exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and Argentina (the Los Azules Copper and the Mariana Lithium projects) and is committed to the continued generation of in-demand projects, while diversifying its markets and building shareholder value.

On behalf of the Board of Directors,

Kirill Klip
Executive Chairman

For further information concerning this news release please contact +1 604-229-8129

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Information

Except for statements of historical fact, this news release contains certain “forward-looking information” within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “will”, “could” and other similar words, or statements that certain events or conditions “may” or “could” occur, although not all forward-looking statements contain these identifying words. Specifically, forward-looking statements in this news release include, but are not limited to, statements made in relation to: TNR’s corporate objectives, changes in share capital, market conditions for energy commodities, the results of McEwen Mining’s and ILC’s PEAs, and improvements in the financial performance of the Company. Such forward-looking information is based on a number of assumptions and subject to a variety of risks and uncertainties, including but not limited to those discussed in the sections entitled “Risks” and “Forward-Looking Statements” in the Company’s interim and annual Management’s Discussion and Analysis which are available under the Company’s profile on www.sedar.com. While management believes that the assumptions made and reflected in this news release are reasonable, should one or more of the risks, uncertainties or other factors materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking information. In particular, there can be no assurance that: TNR will be able to repay its loans or complete any further royalty acquisitions or sales; debt or other financing will be available to TNR; or that TNR will be able to achieve any of its corporate objectives. TNR relies on the confirmation of its ownership for mining claims from the appropriate government agencies when paying rental payments for such mining claims requested by these agencies. There could be a risk in the future of the changing internal policies of such government agencies or risk related to the third parties challenging in the future the ownership of such mining claims. Given these uncertainties, readers are cautioned that forward-looking statements included herein are not guarantees of future performance, and such forward-looking statements should not be unduly relied on.

In formulating the forward-looking statements contained herein, management has assumed that business and economic conditions affecting TNR and its royalty partners, McEwen Mining Inc. and International Lithium Corp. will continue substantially in the ordinary course, including without limitation with respect to general industry conditions, general levels of economic activity and regulations. These assumptions, although considered reasonable by management at the time of preparation, may prove to be incorrect.

Forward-looking information herein and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change."





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.




Tuesday 21 September 2021

Chasing Crypto Dragons And The World Just Before The Internet: "I Pump, But I Don't Dump" - Tesla Energy rEVolution And Lithium.

 


"I pump, but I don't dump" - this now infamous joke which was casually told by Elon Musk during his Bitcoin meet up with Jack Dorsey has saved a lot of traders chasing their Dreams with Crypto Dragons. Elon has ignited the leg up into the major Double Top Reversal for the Bitcoin market.

Chart by CryptoWhale

All Crypto traders must be grateful to Elon, despite his apparent "heresy" for a lot of Bitcoin maximalists. He has provided all of them with another opportunity to really study the subject of their passion and, maybe, take another look at the risk-reward proposition of the modern Pump and Dump EcoSystems. 


I really liked our conversation with Dale Pinkert and, hopefully, you can find it helpful, as well. All geniuses are fighting their demons and some of them are doing it very publicly and even taking SEC as a witness. But the main message here is that genius of Elon Musk made electric cars happen. The Switch is here when millions of people are switching to EVs. We are talking about "The World Just Before The Internet" and Mr Market's Time Machine. 


Today our conversation is about how not to get lost among all trading noise and how to avoid "The Digital Divide" separating you and your hard-earned money. Pump and Dump schemes are proliferating all markets and, hopefully, this video and my articles below can help you not only identify the generational investment opportunity in the Tesla Energy rEVolution, but also chose the right companies to invest in


Lithium is the magic metal at the very heart of this rEVolution, TNR Gold has found it many years ago and now Ganfeng Lithium is developing our giant Mariana Lithium Brine Project with their US$600 million investment plan. Do your own research, stay safe and prosper. Join the rEVolution.     




TNR Gold NSR Royalty Holding: "Celebration Of Pachamama" - Ganfeng Lithium Rolls Out US$600M Investment Plan, Increases Its Stake In Mariana Lithium Over 91.3%.




We extend our congratulations today to Ganfeng Lithium - Mariana Lithium Project is moving fast forward in Argentina:

"Last week in Mariana, our employees held a celebration of Pachamama, and the ritual is to thank the earth for all of what we receive from it. We always care about environmental protection and sustainability, and this local tradition embodies the ideas that we respect" 
Ganfeng Lithium September 3, 2021 



Digital Divide And Dancing Tesla Robots On FSD: Lithium Will Power Us For The Next 50 Years And Then Robots.


 


Kirill Klip, Executive Chairman of the Company commented, “I am very pleased to see this 55% increase in measured and indicated resources after the previously announced in 2020 increase ​of more than 250% in measured and indicated resources from the 2017 resource estimate at Mariana Lithium Project. We extend our congratulations to Ganfeng on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and granted approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride.

 


We are very pleased to see that this new plan represents a 100% increase of previously planned lithium annual production rate presented in the Mariana Project preliminary economic assessment (“PEA”), announced in our news release of January 28, 2019. It was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow, which has now been very significantly increased.

 


We welcome the news from the Salta regional government disclosed in a news release following its discussions with Ganfeng that the likely project expenditure from now to bring the Mariana Project to full production is around US$600 million.

TNR Gold does not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is a very important part of TNR Gold’s portfolio. 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.”





The Robots are here. They can be seen like dancing on LFSD for now but do not miss the tectonic shift, generational investment opportunity and The Switch. Electric Cars are here. We can be questioning the focus of Tesla, the timing of real delivery and the safety of FSD, but we are not questioning the existence of electric cars as a wonderful product anymore as a species. Millions of consumers are making The Switch and buying electric cars all over the world. 


The magic metal Lithium is at the very heart of this Tesla Energy rEVolution. Now the most important part of our vision for the World Just Before The Internet will be not to participate ourselves in a digital divide separating us and our money. Energy rEVolution provides a lot of opportunities and Lithium is trending worldwide these days. 


Now investors should be very careful and selective in order not to miss this opportunity and separate the real Lithium companies from the companies with lithium left in their name only. Be very careful chasing your Dragons in the Pump and Dump stocks, with insiders Dumping into the Pumps and diluting all other shareholders with their pyramids of convertible loans. Think twice, if MD&A and financials of the junior mining company look like a statement of an overleveraged hedge fund run by the banksters and you can hardly understand anything.  


Avoid at any cost flying with kamikaze pilots. Just remember, that Panda Squeeze can be as deadly as Dragon's kiss. Check carefully who owns what, who has the money and expertise to keep their stakes going and develop the projects. Your careful examinations of financials, insiders and real Lithium resources during your own research can help you to avoid becoming a victim of another round of Pump and Dump this summer. Our industry needs investors for the best Lithium companies and your money deserves your respect.


In our particular case, TNR Gold has found Lithium a long time ago and is plugged into Tesla Energy rEVolution with our NSR Royalty Holding on the entire Mariana Lithium Project under the management of the giant Ganfeng Lithium. We do not have to contribute any capital, our Lithium resources are growing and Ganfeng Lithium is investing US$600 million in Mariana Lithium with the approved 20,000 T of LCE Lithium production facility in Salta, Argentina


My presentations and links below can illustrate to you why our Team at TNR Gold is so excited with all recent developments in the Lithium space for our company. Do your own research, stay safe and prosper. Join The Energy rEVolution

Chart by Nicholas Winton



Sunday 19 September 2021

TNR Gold Royalty On Los Azules Copper, Gold and Silver Project - Rob McEwen Video About McEwen Copper: "The Argentinian Government Is Keen To See This Project Put Forward".

 


I am very pleased to see this very exciting and significant development for the Los Azules Copper Project and personal support by Rob McEwen of the newly created McEwen Copper,” stated Kirill Klip, TNR’s Executive Chair. “It’s very encouraging to see the personal commitment from Rob McEwen to advance the rapid development of this giant copper, gold and silver deposit in an appropriate corporate structure which will allow financing and further development of the Los Azules Copper Project.

 


TNR Gold holds a 0.36% NSR royalty on the entire Los Azules project containing copper, gold and silver metals. TNR Gold does not have to contribute any capital for the development of the Los Azules Copper Project. The essence of our business model is to have industry leaders like McEwen Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

 



I would like to share with you today this video with Rob McEwen presenting McEwen Copper. Now you can better understand the magnitude of the giant Los Azules Copper, Gold and Silver Project and its place among other copper projects in the world. 


Rob McEwen gives a very clear picture of enormous copper price leverage for Los Azules. The main message from Rob: "Get ready for the coming tsunami of inflation. Buy gold, silver and commodities." You have to listen to Rob himself about the future of copper and electric cars which are driving Tesla Energy rEVolution. 


McEwen Copper has just reported about Rob McEwen investment of US$40 million of his own money. Now the project will be moving fast forward with the 53,000 (!) meters of the new drilling program and all year round access which will be provided by the new road. This giant project can, hopefully, grow even larger and we can expect a lot of news for TNR Gold coming from Los Azules in the months to come. The most important message from Rob today: "The Argentian government is keen to see this project put forward".


TNR Gold is plugged into Tesla Energy rEvolution with our NSR Royalty Holdings in Lithium on Mariana Lithium under Ganfeng Lithium Operation and in Copper, Gold and Silver on Los Azules Project with McEwen Mining. We do not have to contribute any capital for the development of these giant projects and TNR Gold can appreciate all upside in the prices of the metals containing in these projects, growth of resources and improved extraction technologies. This is what I personally call "The Real Option  On The Tesla Energy rEVolution Without Time Decay"

Chart by NorthStar

The entry point of any of your investment decisions will define the probability of their success. Only sometimes ruthless Mr Market can provide to the smart investors the opportunity to use The Time Machine - when you can find a unique entry point into the investment Story when you are buying the better business at the better price. Only you can find this unique investment opportunity for yourself.


"In order to better understand my discussion about the Mr Market's Time Machine and "the unique entry point in the companies with a better business being on sale at a better price" you should study deal on Taca Taca Copper NSR Royalty and run some numbers applicable to Los Azules:


"TNR Gold receives a very good valuation benchmark for our Royalty Holding on the entire giant Los Azules Copper Project which is being developed by the legendary Rob McEwen. All our long-term followers remember that McEwen Mining was stating in their news releases that "Taca Taca serves as a good proxy for the value of Los Azules".

McEwen Mining Chairman, Chief Owner and CEO Rob McEwen said: "With First Quantum acquiring Lumina Copper and their Taca Taca project, Los Azules moves to the forefront in terms of world-class, undeveloped, high-grade copper assets not owned by a major mining company. As we have said in the past, Taca Taca serves as a good proxy for the value of Los Azules and we believe this transaction demonstrates value in projects located in Argentina." 

Now deal by Nova Royalty provides all our devoted followers with more information to crunch the numbers and arrive at their own conclusions about the potential valuations for TNR Gold. Below you can find more information for your own research."

 


Now it is time for you to make your own research and find out why NovaGold is holding its stake in TNR Gold. I am the largest shareholder of our Company and have participated in all TNR Gold private placements. Other insiders have joined me and now all insiders and NovaGold are holding a major stake in our Company. 

Chart by Nicholas Winton

On the links below you can find more information about copper, TNR Gold and how we are building The Green Energy Metals Royalty and Gold Company. Stay safe and prosper. Join in the rEVolution.





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.




TNR Gold Royalty On Los Azules Copper With McEwen Mining: "Copper Supply Needs To Double By 2050, Glencore CEO Says"





Reuters reports that Rob McEwen's plans to put the giant Los Azules Copper, Gold and Silver Project on the fast lane of development towards our electric future are getting industry-wide support and understanding. Copper becomes Gold during The Switch and Energy rEVolution