Wednesday 23 November 2022

TNR Gold Updates on Royalty Holding on Ganfeng's Mariana Lithium and Partial NSR Sale to Lithium Royalty Corp for US$9,000,000


Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of negotiations, we have achieved this major milestone for our Company and a further validation of TNR Gold’s business model. 



By monetizing part of our royalty holdings, we are providing an important benchmark for valuations of assets in our royalty portfolio and generating very significant capital, while selling to LRC only a portion of our royalty holding on the Mariana Lithium Project



This strategic transaction with LRC allows us to significantly improve our working capital position and strengthen our balance sheet.

The Company has received a second non-refundable advance of US$350,000 from LRC under the terms of the royalty purchase extension agreement.



Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, that began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of lithium chloride.

We believe that our royalty holdings are undervalued, and their appropriate values are not reflected in the Company’s share price. This transaction clearly demonstrates it. We have generated a total amount of cash for TNR Gold that is well above the Company’s recent market capitalization. We have received significant industry interest in our assets and the Company is working on potential new strategic partnerships to provide further benchmarks for the market valuations of our royalty holdings.”




TNR Gold:

NEWS RELEASE

TNR Gold Updates on Royalty Holding on Mariana Lithium and Partial NSR Sale to Lithium Royalty Corp.

Vancouver, British Columbia – November 23, 2022: 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 26, 2022, it has entered into an extension agreement to the July 2022 royalty purchase agreement with an Ontario limited partnership affiliated with Lithium Royalty Corp (“LRC”) for the sale of a portion of its net smelter returns royalty (“NSR”) involving the Mariana Lithium Project (“Mariana”). LRC has purchased from TNR a 0.5% NSR royalty for US$9,000,000, including 0.05% NSR royalty sold by TNR on behalf of its shareholder. This represents one-quarter of the NSR royalty held by the Company. LRC is an arms’ length party to the Company.



On October 21, 2021, TNR Gold announced that International Lithium Corp. (“ILC”) had announced the completion of the sale to Ganfeng Lithium Netherlands Co., B.V. of ILC’s remaining 8.58% stake in Litio Minera Argentina S.A. (“LMA”), the owner of the Mariana Lithium Project in Salta, Argentina. The deal included confirmation that LMA would assume all rights or obligations that ILC had in respect of the Mariana property. TNR Gold holds a 2.0% NSR royalty on the Mariana Lithium Project.



Both TNR Gold and LMA have acknowledged LMA’s responsibility to pay the 2% NSR royalty on the commencement of commercial production at the Mariana project, and LMA has assumed the right to the repurchase of 50% of the NSR royalty (that is 1%).

TNR sold the portion of the NSR royalty which is not subject to any buy-back rights of LMA. After the closing of the transaction with LRC, TNR will hold a 1.5% NSR royalty, including a 0.15% NSR royalty held on behalf of a shareholder (which represents a 1.35% NSR held by TNR and a 0.15% NSR in favour of the shareholder). The closing of the sale with LRC, is subject to the parties’ filing of certain notices in the Salta Mining Court in Argentina.

LRC continues to pursue the Salta Registrations, and while LRC and TNR both expect that the Salta Registrations are near completion, the Salta Registration are not yet complete, and LRC has requested that TNR agree to extend the closing date to February 1, 2023.



LMA has the right to purchase from TNR 1.0% of the NSR royalty for aggregate payment of CAN$1,000,000 at any time within 240 days of “Commencement of Commercial Production” as defined in the underlying agreement. The Company would receive CAN$900,000 and its shareholder would receive CAN$100,000 on the completion of the repurchase by LMA.  If such purchase was made by LMA, TNR would hold a 0.45% NSR and its shareholder would hold a 0.05% NSR.



Kirill Klip, TNR’s Chief Executive Officer commented, “We are very pleased that after many months of negotiations, we have achieved this major milestone for our Company and a further validation of TNR Gold’s business model. By monetizing part of our royalty holdings, we are providing an important benchmark for valuations of assets in our royalty portfolio and generating very significant capital, while selling to LRC only a portion of our royalty holding on the Mariana Lithium Project. This strategic transaction with LRC allows us to significantly improve our working capital position and strengthen our balance sheet.

The Company has received a second non-refundable advance of US$350,000 from LRC under the terms of the royalty purchase extension agreement.



Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, that began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of lithium chloride.

We believe that our royalty holdings are undervalued, and their appropriate values are not reflected in the Company’s share price. This transaction clearly demonstrates it. We have generated a total amount of cash for TNR Gold that is well above the Company’s recent market capitalization. We have received significant industry interest in our assets and the Company is working on potential new strategic partnerships to provide further benchmarks for the market valuations of our royalty holdings.”



ABOUT LITHIUM ROYALTY CORP

Lithium Royalty Corp. is a North American royalty corporation focused on investing in high quality low-cost projects in the battery materials sector with an emphasis on lithium. LRC was founded in 2018 and has now established itself as a leading financier in the lithium industry having completed 20 royalties since inception exclusive of the transaction with TNR. Its investments are diversified across the world, with exposure in Australia, Argentina, Brazil, Canada, Serbia, and the United States. LRC is a signatory to the United Nations Principles for Responsible Investing and seeks to invest in companies with high environmental, social, and governance standards. Waratah Capital Advisors is the sponsor and general partner of LRC.



ABOUT TNR GOLD Corp.

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

Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle.

Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle: the power of blue-sky discovery and important partnerships with industry leaders as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders.

Over the past twenty-six years, TNR, through its lead generator business model, has been successful in generating high-quality global exploration projects. With the Company’s expertise, resources and industry network, the potential of the Mariana Lithium Project and Los Azules Copper Project in Argentina among many others have been recognized.

TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR royalty is held on behalf of a shareholder. Ganfeng Lithium’s subsidiary, Litio Minera Argentina (“LMA”), has the right to repurchase 1.0% of the NSR royalty on the Mariana Project, of which 0.9% is the Company’s NSR Royalty interest. The Company would receive CAN$900,000 and its shareholder would receive CAN$100,000 on the repurchase by LMA, resulting in TNR holding a 0.45% NSR royalty and its shareholder holding a 0.05% NSR royalty.

The Mariana Lithium Project is 100% owned by Ganfeng Lithium. The Mariana Lithium Project has been approved by the Argentina provincial government of Salta for an environmental impact report, and the construction of a 20,000 tons-per-annum lithium chloride plant has commenced.

TNR Gold also holds a 0.4% NSR Royalty on the Los Azules Copper Project, of which 0.04% of the 0.4% NSR royalty is held on behalf of a shareholder. The Los Azules Copper Project is being developed by McEwen Mining.

TNR also holds a 7% net profits royalty holding on the Batidero I and II properties of the Josemaria Project that is being developed by Lundin Mining. Lundin Mining is part of the Lundin Group, a portfolio of companies producing a variety of commodities in several countries worldwide.

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

At its core, TNR provides a wide scope of exposure to gold, copper, silver and lithium through its holdings in Alaska (the Shotgun Gold porphyry project) and royalty holdings in Argentina (the Mariana Lithium project, the Los Azules Copper Project and the Batidero I & II properties of the Josemaria Project), 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
www.tnrgoldcorp.com

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, Ganfeng Lithium’s and Lundin Mining’s preliminary economic assessments, Feasibility Study, or Mineral Resource and Mineral Reserve estimations, life of mine estimates, and mine and mine closure plans 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 financings 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., Ganfeng Lithium and Lundin Mining 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."




Saturday 12 November 2022

Brave, Fearless People From FTX "Have Seen It All" by Their Mid-20s - CEO of Alameda Research: “Yes, Absolutely, I Can Pull It Off Without My Math Degree…”


Brave, Fearless People from FTX "Have Seen It All" by Their Mid-20s - CEO of Alameda Research: “Yes, absolutely, I can pull it off without my math degree…”



The Circus left, but the clowns are still here.

Where is your money?

Wu Blockchain


Wu Blockchain has compiled the list of companies and tokens where FTX holds or made investments. These entities potentially may be affected during FTX bankruptcy proceedings and the following liquidation of FTX's assets. Your money deserves your respect, act accordingly with your own research and proper due diligence.

The Block

"A lot of banksters who turned "Cypherpunks" to unload their "CryptoPunks" VC investments on the ReTail forget to tell you that government has a very effective monopoly on violence. Now banksters crossed the line and threatened the most sacred sovereign function of the Royal Mint: the ability to mint the Sovereign Coin and prosecute everyone who will dare to counterfeit it.




"It is not the question of "If?" but the only question of "When?" regulators and law enforcement agencies will bring another "Global Takedown". Please check all your cold wallets in your bag well in advance - you can be hodling it forever."

 


"The simple question to answer is: "Can theoretically some super-smart specially gifted people digitise ENRON's brave advanced accounting, Bernie Madoff's and Lehman Brothers' "Best Investment Practices"; encrypt it all for safely with a lot of BS, put it on a blockchain and give it as a finished product to ReTail to enjoy? In the end, it seems, that this is exactly what they really want to keep them happy while they are FOMO chasing their Day Dreams with LAMBos". A lot of Circus entertainment and some Bread for some, sometimes. All the same, just encrypted with a lot of hard to understand Crypto Tech jargon and other BS spices, so it tastes so good."


"I would say, why not? After all, other "One Thousand and One" known to humans scams are already being tortured by elliptic-curve cryptography in the Dark Crypto Web and put on different blockchains. Needless to say, that Circus has left already, probably, with all treasure troves, only clowns are still here."



Gold - The Catalyst: Bitcoin And Other Video Games Of The MMT Age.

 




"Every bubble needs great people to make it great. Gold is the ultimate hedge and now confirms that it can provide a hedge not only for portfolios constructed with stocks and bonds but for all portfolios including cryptocurrencies as well.

 


"The last Gold bugs left are jumping on the Bitcoin bandwagon and getting lost in the Dark Crypto Web with their money being Tethered. To be brutally honest, I am still puzzled how the same old as this world "investment thesis" can still fly even at this recent Bitcoin altitude. “Just imagine if every Chinese family will buy a mechanical clock”. I guess it’s all about things that hardly anybody can really understand, memes and laser eyes.


The old beautiful law of leverage can produce miracles on the way up if it is applied properly. The same law has already crashed the whole civilisations. Not everybody is ready to dive really deep with me to learn about "Rehypothecation Silos in the UK" - MMT collateral pyramids on the grand scale - the driving engine of modern financial miracles. It can provide you with a better understanding of the real risks involved in the overleveraged financial system. In my very personal opinion, all these Dark Web Crypto scams are worse squared.

 


"Welcome to Bitcoin "market" with a price discovery driven by Tether digital printing press instead of FED's FIAT "digital press" and Elon Musk Twitter feed. Do brave FED fighters on blockchain even realise that?"

 




Why Banksters Are "Fighting" the FED with Tether Using Your Money? History Lessons of SEC and DOJ Rug Pulls, Tornado Black Swans and "Liberty Reserve" Black Friday



Specially gifted traders and Cult leaders should not be even bothered. Every single "investor" in any Crypto Dreams must invest 37 min of your time and watch very carefully the history lessons about SEC, IRS and DOJ Rug Pulls from "Liberty Reserve" Black Friday. 



Sunday 6 November 2022

Lithium Hits a New All-Time High of Over USD$82,000/T in China - Elon Musk: "It is Looking Increasingly Like ... That Tesla Will Need to Get into the Mining Business"


Lithium hits a new all-time high of over USD$82,000/T of LCE in China and Elon Musk is talking about Lithium and mining again. "It is looking increasingly like ... that Tesla will need to get into the Mining Business".



All investors must watch and listen very carefully to this latest Barron's interview with Elon Musk. The Switch is here, electric cars are taking over our streets one by one and very soon all new cars will be electric. 



There is still some time to find out the best Lithium companies and join the Tesla Energy rEVolution. But you must do your own homework first. There are a lot of dreams and hype in the junior mining space and only a few companies will be able to deliver. Your own decisions will define your entry point into this generational investment opportunity. Chose wisely.



"Zachary Shahan CEO and Chief Editor of the brilliant and highly recommended media company "CleanTechnica" is putting the new all-time highs for Lithium price into the perspective of the big picture of the ongoing Tesla rEVolution and The End of the ICE Age.
"Benchmark Mineral Intelligence, a leading entity tracking and analyzing lithium market information, concludes that the lithium market needs to scale up to 25 times or more of the 2021 level by 2050." CleanTechnica
Now you can better understand my slide "100M T of Lithium LCE Needed by 2050" from Lithium Will Power Us For The Next 50 Years And Then Robots: Kirill Klip GEM Royalty TNR Gold Lithium Presentation."


"Looking closer, the analysts forecast 2.9 million tonnes of LCE (Lithium Carbonate Equivalent) a year by 2032. Consider that, in total, 2.7 tonnes of LCE were produced from 2015 through 2022 so far. In 2040, one month’s lithium needs are expected to be equal to all of the battery-grade lithium produced in 2021." CleanTechnica

 


TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century.


"Talking about the production side to address this looming deficit, we discussed recently a very important confirmation for all TNR Gold shareholders from Salta, Argentina. According to the publication of Cronica del NOA about the meeting between Ganfeng Lithium and the Governor of Salta Gustavo Saenz: "The Mariana project, which began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of Lithium Chloride".


Now we can discuss my quote from our News Release: "TNR Gold Monetizes Royalty Holding On Ganfeng's Mariana Lithium By Partial NSR Sale To Lithium Royalty Corp For USD$9,000,000", and better understand why we can have potentially another unique entry point opportunity into our TNR Gold GEM Royalty Story provided by the ruthless Mr Market. 

Chart by Nicholas Winton

The future valuation of TNR Gold NSR Royalty on Mariana Lithium will depend on the Lithium price and the amount of production by these facilities. Lithium prices in China are moving above USD$70,000 per T of LCE spot price and Ganfeng inaugurated Mariana Lithium construction last June with their USD$600 million investment plan to develop "Phase 1" facilities for 20,000 T of Lithium Chloride annual production starting in 2024.


With 0.45% NSR on Mariana Lithium left after Ganfeng would exercise their 1% NSR buyback right the potential future undiscounted pre-tax cash flow for TNR Gold generated from only this Royalty holding can represent the annual amounts which are higher than the total market cap of the Company today."



We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.


On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, stay safe and prosper. Join rEVolution!



TNR Gold Royalty Holding: "Ganfeng Lithium's Mariana Project, Which Began Construction Last June, Will Start Producing in 2024 an Estimated 20 Thousand Tons Per Year of Lithium Chloride"



We have a very important confirmation for all TNR Gold shareholders from Salta, Argentina. According to the publication of Cronica del NOA about the meeting between Ganfeng Lithium and the Governor of Salta Gustavo Saenz: "The Mariana project, which began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of Lithium Chloride".



Ganfeng is increasing its commitment to Salta by acquiring additional Lithium projects and they are talking now about the plans for a total production of 45,000 T of LCE by 2025 in the province. Mariana Lithium Project is on track to start producing an estimated 20,000 T per year of Lithium Chloride in 2024. Ganfeng is investing US$600 million in Mariana Lithium Project including the processing plant in General Guemes.



Production facilities at Mariana Lithium will be powered by the 150MW Solar Farm, which is taking Ganfeng to a new level of the most advanced industry practices through its integration into the landscape of the latest Lithium mining and processing technologies powered by Renewable Energy in Argentina.


Lithium prices are hitting new all-time highs in China again this year after a brief consolidation. The future valuation of TNR Gold NSR Royalty on Mariana Lithium will depend on the Lithium price and the amount of production by these facilities. 


For all TNR Gold shareholders, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1". 


TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century. 


We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.


On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, stay safe and prosper. Join rEVolution!



Cronica del NOA:

Ganfeng advances for 45 thousand tons of lithium in Salta

"The Chinese company confirmed the purchase of the PPG project.



Ganfeng officials met with Saenz and his officials last Thursday.

Representatives of Ganfeng Lithium confirmed to Governor Gustavo Sáenz that in the beginning of the week the Chinese company will finalize the acquisition of the Pozuelo Pastos Grandes (PPG) lithium project, for 926 million dollars, from Pluspetrol. Thus, the eastern company will add to its administration the second litter field in the Puna of Salta, together with the Mariana project. Between the two, it will be able to produce 45 thousand tons of lithium carbonate equivalent (LCE) per year by 2025.

As announced by the businessmen, the PPG mine, which has a capacity of 25,000 tons of LCE according to technical reports, would start production in 2025. While the Mariana project, which began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of Lithium Chloride. US$600 million are being invested in this deposit, which includes a processing plant in General Güemes.

Ganfeng directors met with the president of Salta last Thursday.

"We want Salta to be a worldwide example of sustainable development, which is why the provincial government will continue to accompany all those who want to invest, with the greatest guarantees of security, predictability and clear rules," said Sáenz on the occasion.

For his part, the vice president of Ganfeng Lithium, Xiaoshen Wang, thanked "the support of the Government" and highlighted the progress of the different projects carried out by the company in Salta.

«The company estimates to enter production in 2025 and we are firm with our investment plans. Now we have added the Pozuelos Pastos Grandes project, which is integrated into the planned production plans », he said.

"We have chosen Salta to deploy the investments for its resources and for the support provided by the Government, which is pro-investment," he added.

The Secretary of Mining and Energy of the Province, Romina Sassarini, was at the meeting. She expressed: "There is a lot of interest in investing in Salta, because the province offers clear rules of the game, legal certainty and predictability."

“Businessmen are also aware of the qualification obtained by the Fraser Institute of Canada, which places Salta among one of the best destinations with public policies to invest, as long as the projects are carried out in a framework of respect for the communities of the Puna. and the environment," he concluded." (Translated by Google)