Tesla is moving fast with Optimus to bring us new companions and friends and our giant Mariana Lithium Project is moving closer to the official start of commercial production this year.
Somebody has to take care of all those millions of hungry robots starving for Lithium in the not-so-distant future and who can make it better than our NSR Royalty partner Ganfeng Lithium?
"In short, the AI threat is real and hungry Robots running wild on FSD in your neighbourhood and rifling through your garbage for old Lithium batteries can become a reality much faster than a lot of people think..."
“Ganfeng's second-generation hybrid solid-state lithium batteries use lithium metal as the anode and can reach an energy density of 400 Wh/kg, the company said." (CnEVPost)
"For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Now we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology."
We have another set of positive news coming to all TNR Gold shareholders from the 13th International Seminar on Lithium in South America, organized in Jujuy by Panorama Minero. President of Ganfeng's subsidiary Litio Minera Argentina S.A., Jason Luo has confirmed that "the production phase will begin at the end of 2024".
Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares. Our transformation from the project generation junior mining company into the cash flow generating royalty company will bring the necessary catalyst for the market valuation of our assets.
"Argentine mining is attracting more and more foreign investment in the context of the energy transition. Despite low international prices, lithium remains at the heart of the industry, according to an international seminar held in Jujuy.Ganfeng Lithium plans to increase its production in Argentina and each of the 4 projects it intends to expand requires an investment of USD 800 million. The expansions would be carried out one by one, depending on the evolution of macro conditions.This was confirmed by the CEO of the Chinese company, Jason Luo, to Infobae within the framework of the 13th International Seminar on Lithium in South America, organized in Jujuy by Panorama Minero. The company, which has already invested USD 2 billion in the country, owns the Mariana lithium project in Salta, whose construction began two years ago. The production phase will begin at the end of 2024. Likewise, the Pozuelos-Pastos Grandes project is in its final stage of construction. “Our plan is to join the RIGI and start production next year,” said the executive.Incahuasi, for its part, is in the initial stage of advanced exploration. The Cauchari-Olaroz project is located in Jujuy, which will generate a production of 40,000 tons of lithium per year.“Each project can be expanded in two stages. Our current goal is to move them into production to bring more jobs to the community and generate more value for the industry,” Luo said. To carry out the expansions, which will be decided based on market conditions, an investment of USD 800 million is required for each of the projects.Asked about bilateral relations between Argentina and China following the arrival of President Javier Milei to the Casa Rosada and after several months of tension, Luo said: “I think the relationship is good. The Argentine government is open to business. Political relations are important...” (Infobae. Translated by Google)
"Ganfeng Lithium CEO in Argentina, during the Lithium Seminar in South America 2024, highlighted the global value proposition of the Chinese mining company, underlining the comprehensive participation in the entire lithium chain.
At the XIII South American Lithium Seminar 2024, organized by Panorama Minero, Jason Luo, CEO of Ganfeng Lithium in Argentina, opened the panel of speakers at a key event for the lithium industry. Moderated by journalist Fernando Heredia, Luo focused his presentation on the sustainability challenges facing the sector, highlighting the importance of adopting responsible practices in a context of growing global demand for this strategic mineral.Jason highlighted Ganfeng's global value proposition, underlining our comprehensive participation in the entire lithium chain. "We are not just a mining producer; we produce lithium, we use it and we understand the need to do so more efficiently. For the industry to grow healthily, it is essential to integrate each link in the industrial chain, which allows us to get closer to end users, since we ourselves are part of that process. We produce batteries and we also recycle them," he said.
One of the highlights of his speech was the development of the Mariana Project, a promising challenge facing the company. "This project is very ambitious and is located in a remote location, with no access to natural gas or electricity. Therefore, we are building one of the largest off-grid solar plants, designed to supply our entire chemical plant, and we are doing it with 100% Ganfeng technology," he explained.Regarding the new economic policies of RIGI in Argentina, Jason took an optimistic stance, emphasizing the importance of generating a new scenario that adds value to the industry. "It is crucial to have long-term solutions. We only undertake projects that we consider necessary to strengthen the industry. This involves increasing production and creating more jobs through close collaboration with our suppliers," he added.Finally, Jason discussed lithium extraction processes, highlighting the combination of the conventional method and DLE as a key innovation to reduce water consumption. This approach not only seeks sustainability, but also respects communities and the environment, reaffirming our commitment to a more responsible and sustainable future.
Mariana ProjectThe Mariana project is located in the Llullaillaco salt flat, approximately 430 kilometers from the city of Salta. 100% of the shareholding belongs to the Chinese company Ganfeng Lithium, and the operation is in charge of its subsidiary Litio Minera Argentina SACurrently under construction, the project is estimated to cost around US$600 million. Around 1,300 people would be employed directly and indirectly during this phase, according to Ganfeng.The Mariana project will be fully supplied with energy from an off-grid solar park, with part of it coming from solar panels and part from battery storage.In 2022, construction began on an industrial plant in the town of General Güemes, located in the center of the province of Salta, for the production of lithium chloride. To facilitate the process, a railway station will also be built to transport brine from the Llullaillaco salt flat to the plant. The estimated annual production capacity would be 20 thousand tons of lithium chloride and the project's useful life would be 25 years." (Salta Mining. Translated by Google.)
This news comes after China Railway Group completed the infrastructure part with Lithium evaporation pools of the Mariana Lithium Project in Argentina in May.
"On May 21, the Llullaillaco Salt Lake Project（Salar de Llullaillaco）in Argentina, undertaken by China Railway No.10 Engineering Group, completed its construction tasks ten months ahead of schedule, achieving smooth delivery. This venture marks CREC's first infrastructure endeavor in Argentina and is a significant milestone in developing Argentina's mining industry.The project, situated in the Mariana region of the Andes Mountains in the northwestern Salta Province of Argentina, boasts a cost of 1.35 billion yuan. It spans an area of 13.52 million square meters, encompassing the excavation of 745 cubic meters of earth and stone and the backfilling of 623 cubic meters. Additionally, it involves the installation of 1,461 square meters of geomembrane and geotextile. The construction site's highest elevation reaches 4,350 meters, presenting challenges such as intricate terrain, high altitude, harsh winds and sandstorms, snowstorms, challenging road conditions during the rainy season, and substantial cultural disparities between Chinese and Argentina constructors."
You can get a better understanding of the magnitude of the Mariana Lithium Project in the article from News ArgenChina:
"The Mariana project is located in the Mariana region of the Andes, northwest of the province of Salta, within the "Lithium Triangle" of South America.On May 20, the Mariana Salar Llullaillaco Project in Argentina, built by China Railway No.10 Engineering Group Co., Ltd., was successfully completed, 10 months ahead of schedule. This achievement represents a significant milestone not only for the company, but also for the local mining industry and the economic development of Argentina.Located in the Mariana region of the Andes, northwest of the province of Salta, the Mariana Project is situated within the well-known "Lithium Triangle" of South America, one of the richest areas of lithium reserves worldwide. The construction area covers a total of 13.52 million square meters, at a maximum altitude of 4,350 meters above sea level, which poses unique challenges in terms of logistics and construction.
About the projectWith the project's entry into operation, it is expected to reach an annual production of 20,000 tons of lithium chloride in its first phase . This increase in production will not only have a positive impact on the mining industry in the region, but will also generate a significant boost in local employment. The creation of new jobs in the province of Salta will contribute to improving the quality of life of its inhabitants and boosting the local economy.The project also promises to optimize the business model of the mining industry in the region. The construction of infrastructure associated with the project, such as access roads and basic services, will improve connectivity and living conditions in the area. This development not only benefits the mining industry, but also lays the foundation for future industrial and commercial projects in the region.The Mariana Project marks a significant step forward in China-Argentina cooperation in the fields of renewable energy and green development. Collaboration on this project strengthens bilateral ties and opens up new opportunities for future joint projects in key sectors. China Railway No.10 Engineering Group Co., Ltd.’s ability to complete the project ahead of schedule also highlights the company’s efficiency and commitment to quality and innovation.With information from CGTN." (News ArgenChina. Translated by Google)
TNR Gold NSR Royalty: "Ganfeng Lithium Continues to Advance the Construction of the Mariana Lithium Salt-Lake Project in Argentina and Plans to Conduct Trial Production by the End of 2024."
"During the Reporting Period, the Company continues to advance the construction of the Mariana lithium salt-lake project in Argentina and plans to conduct trial production by the end of 2024." (page 35)
"FUTURE DEVELOPMENT STRATEGY
1. Consolidate the advantages and continue to acquire upstream lithium resources globally
Securing high-quality and stable lithium resources is fundamental to the long-term sustainable growth of our business. The Company adheres to the aim of globalizing the layout of its resources, and will continuously expand its current lithium resources portfolio through further exploration, gradually collect and develop low-cost resources such as brine, and actively improve the self-sufficiency rate of resources of the Company. In terms of brine, the Company will proactively advance the development and construction of the Mariana lithium salt lake project and the progress of production capacity of the Cauchari-Olaroz lithium salt lake project in Argentina..." (page 39)
For all TNR Gold shareholders, it will be very important that the Mariana Lithium Project's annual production capacity of 20,000 lithium chloride is called Phase 1!
Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio
"A recently published research report on TNR, written by Fundamental Research Corp, reckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." (Alastair Ford)
“Since our initiating report in September 2023, TNR’s royalty projects have made significant progress,” the analysts wrote in a report. “TNR is up 40% since September 2023.” (Emily Jarvie)
"The report from Fundamental Research underscores the company's near-term royalty potential, particularly from Ganfeng Lithium's Mariana project, and reaffirms a Buy rating with an adjusted fair value estimate of C$0.24 per share." (Angela Harmantas)
"Benchmark Mineral Intelligence has conducted an exclusive interviewwith Wang Xiaoshen, president of Ganfeng Lithium, China's largest lithium producer. Our Company holds NSR Royalty on Ganfeng's Mariana Lithium Project in Salta, Argentina. 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."
"TNR Gold shareholders have a great opportunity to watch this video and explore Ganfeng's strategy to secure lithium resources around the world. Wang Xioshen discusses the state of the lithium and electric vehicle markets. Today we can hear how Ganfeng is getting ready to supply 600,000 T LCE annually by 2030."
"For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Today we can put all recent developments at the Mariana Lithium Project into the perspective of this new battery technology."
"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 Reaches Milestone with Ganfeng's Mariana Lithium Project on Track for First Production in 2024
“We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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 potential of blue-sky discovery at Shotgun Gold Project, and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for the Company.
“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares, and the ongoing normal course issuer bid allows us to purchase shares in the market to help increase the share value for the Company.
“We are very pleased that the Mariana Lithium Project is progressing smoothly towards commercial production scheduled for 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20,000 tons per year of lithium chloride.
The Government of Salta has stated that Ganfeng Lithium announced that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward to our first NSR royalty cash flow payments from the Mariana Lithium Project.
“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. 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.”
"A recently published research report on TNR, written by Fundamental Research Corp, reckons fair value for the company at C$0.22 per share. The current price is significantly lower than half of that." (Alastair Ford)
Disclaimer: Please be aware that any opinions, estimates or forecasts regarding the performance of TNR Gold Corp. in any research reports do not represent the opinions, estimates or forecasts of TNR Gold Corp. or of its management.
Alastair Ford: TNR Gold’s Recent Rejection of a Takeover Bid From Lithium Royalty Has Shone a Spotlight on the Value of Its Royalty and Exploration Portfolio
NEWS RELEASE
TNR Gold NSR Royalty Update – Ganfeng’s Mariana Lithium Project Scheduled to Commence Production in 2024
"Vancouver, British Columbia – April 8, 2024: TNR Gold Corp. (TSX-V: TNR) (“TNR”, “TNR Gold” or the “Company”) is pleased to announce that Ganfeng Lithium has provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which a 0.15% NSR Royalty is held on behalf of a shareholder.
In its 2023 Annual Report, Ganfeng Lithium reported:
“Mariana is a lithium-potassium salt lake located in Salta Province, Argentina. The construction of the project started in June 2022, and the infusion of brine into the salt fields started at the end of 2022. Currently, the construction of the salt fields, salt wells, chemical plants, photovoltaics, and other infrastructure facilities are progressing smoothly, and it is scheduled to produce the first batch of products at the end of 2024.”
“We are building the green energy metals royalty and gold company”, commented Kirill Klip, Executive Chairman of TNR Gold. “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 potential of blue-sky discovery at Shotgun Gold Project, and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for the Company.
“Last year we repaid our investment loan in full, and our Company has no debt. We believe that the recent market prices of our shares do not properly reflect the underlying value of the shares, and the ongoing normal course issuer bid allows us to purchase shares in the market to help increase the share value for the Company.
“We are very pleased that the Mariana Lithium Project is progressing smoothly towards commercial production scheduled for 2024. Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began in June 2022, will start producing, in 2024, an estimated 20,000 tons per year of lithium chloride. The Government of Salta has stated that Ganfeng Lithium announced that the operational phase of the Mariana Lithium Project began in January 2023. We are looking forward to our first NSR royalty cash flow payments from the Mariana Lithium Project.
“TNR does not have to contribute any capital for the development of the Mariana Lithium Project, the Los Azules Copper Project or the Josemaria Project. 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.”
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-eight 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,
For further information concerning this news release please contact Kirill Klip +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, and future potential transactions being considered by the Special Committee and the Board. 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 SEDAR+ profile on www.sedarplus.ca. 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 enter into one or more strategic transactions, partnership or a spin-out, or be able to complete any further royalty acquisitions or sales of royalty interests, or portions thereof; debt or equity 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, in future, challenging 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."
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