TNR Gold Mariana Lithium Royalty Holding: "Ganfeng Lithium's Plant in Güemes Already Has an Opening Date"

Happy Chinese New Year 2025! I wish you Prosperity and Happiness! TNR Gold shareholders have a wonderful present to celebrate in style his New Chinese Year of the Wise Snake. InSalta brings us so sweet news from Salta, Argentina. 

According to InSalta, Ganfeng Lithium will officially inaugurate Mariana Lithium's start of production in Guemes, Salta, on Wednesday, February 12, 2025! TNR Gold is holding NSR royalty on Mariana Lithium. Our congratulations and best wishes to all the Ganfeng Lithium Team!

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! 

“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."

“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."

 

We are building The Green Energy Metals Royalty and Gold Company. TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium, Los Azules Copper, Gold and Silver Project with McEwen Mining and Batidero I and II Properties of Josemaria Copper-Gold Project with Lundin mining. 

 

 

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)

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.

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.

InSalta:

Ganfeng Lithium's plant in Güemes already has an opening date

Wednesday, January 29, 2025

 

"The Chinese-owned company will be the third to start production in the province, in this case to produce lithium chloride. The mineral that will be used as raw material will be extracted in pools located in the Salar del Llulllaillaco, more than 10 hours from Salta Capital.

Following the launch of the lithium production plants of the French company Eramine and the Korean company Posco in 2024, the third lithium production plant installed in Salta will be officially inaugurated on Wednesday, February 12, in the General Güemes industrial park. This marks the conclusion of the Mariana project, which has been carried out since 2014 by the company Litio Minera Argentina SA, a subsidiary of the Chinese-owned company Ganfeng Lithium Group Co.

When it reaches its peak production, the new plant will produce 20,000 tons of lithium chloride per year, which will be used to manufacture lithium batteries in the Asian market by the same business group. The company has integrated the entire production process, from the mineral, through batteries for different uses (cars, cell phones, etc.), to the recycling of its own products.

The mineral will be extracted from the Salar del Llullaillaco, located 430 kilometers from the capital of Salta (although the trip takes between 10 and 12 hours) and 95 kilometers from the nearest town (Tolar Grande), at 3,750 meters above sea level. There, Ganfeng built gigantic pools where the pre-concentration of the brine is carried out by solar evaporation. There, elements such as sodium and potassium chloride are separated, increasing the lithium concentration. Then, through a chemical reaction, sulphate, magnesium and boron ions are removed; and the resulting brine is subjected to forced evaporation until it achieves the lithium concentration levels required for its transport to the Güemes plant.

Once at the industrial park, the brine will be purified and then evaporated (72% of the water contained will be removed) and crystallized until obtaining a high-purity lithium chloride that will be bagged for shipment to China.

In order to be able to produce in the Puna, the company built the first autonomous solar park in the country, with a generation capacity of 120 MW in solar panels and 288 MWh of battery storage manufactured by Ganfeng itself. 

They have generated around 11,600 jobs since the beginning of construction and currently the company has just under 500 workers, which would be the staff that will carry out production both at the salt flat and in Güemes and in the administrative offices in Salta Capital. Both in the construction process and in the production stage, the company complied with the provincial law that establishes the obligation that 70% of the staff be from Salta.

In addition, the company has developed an important social work program with a strong impact on the communities of Tolar Grande and General Güemes. These include, among other actions, financial assistance for the construction of classrooms, professional internships for students of technical schools, support for cleaning campaigns and the construction of community spaces." (InSalta - translated by Google)

 

TNR Gold Eyes Royalty Payments from Ganfeng’s Mariana Lithium Project

TNR Shotgun Gold, the Alaskan Elephant Country - Governor Mike Dunleavy: "President Trump’s Executive Orders, Impacting Alaska!"

 

Mike Dunleavy, Governor of the great state of Alaska, calls this Executive Order "unbelievably good news for the people of Alaska that believe in opportunity. President Trump delivered on his first day in office!" The Executive Order details both immediate and long-term actions to open Alaska for business again, and how unlocking Alaska's natural resources will benefit both the state and national economy.

Now you should pay serious attention to our main Story: why NovaGold is holding its stake in TNR Gold and why I believe that further development of the Donlin Gold project in Alaska will greatly benefit TNR Gold's shareholders. We are opening the new chapter of TNR Gold's Story and Gold in the USA, "Alaskan Elefant Country". The time for the Shotgun Gold Project in Alaska is coming very close to its launch.

"President Trump’s executive orders, impacting Alaska! This is unbelievably good news for the people of Alaska that believe in opportunity. President Trump delivered on his first day in office! This is why elections matter. What do they mean? It means Alaska is back in business! To the people of King Cove, it means they finally get the ability to get a road! For the State of Alaska it means ANWR and NPRA are back in business.. It means a timber industry in the Tongass National Forest can once again take place. It means Alaska can begin the process finally getting its remained acreage of land from the federal government! It could mean thousands and thousands of jobs, an additional opportunity for the great State of Alaska. On behalf of the Great State of Alaska… THANK YOU PRESIDENT PRESIDENT TRUMP!"

Governor Mike Dunleavy 

UNLEASHING ALASKA’S EXTRAORDINARY RESOURCE POTENTIAL

EXECUTIVE ORDER

January 20, 2025

"By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: 

Section 1. Background. The State of Alaska holds an abundant and largely untapped supply of natural resources including, among others, energy, mineral, timber, and seafood. Unlocking this bounty of natural wealth will raise the prosperity of our citizens while helping to enhance our Nation’s economic and national security for generations to come. By developing these resources to the fullest extent possible, we can help deliver price relief for Americans, create high-quality jobs for our citizens, ameliorate our trade imbalances, augment the Nation’s exercise of global energy dominance, and guard against foreign powers weaponizing energy supplies in theaters of geopolitical conflict.

Unleashing this opportunity, however, requires an immediate end to the assault on Alaska’s sovereignty and its ability to responsibly develop these resources for the benefit of the Nation. It is, therefore, imperative to immediately reverse the punitive restrictions implemented by the previous administration that specifically target resource development on both State and Federal lands in Alaska..."

"My belief is TNR's Shotgun Gold Project can potentially grow and become a foremost, immediate satellite site Gold deposit to Donlin Gold's Mining Camp infrastructure. This vision is based on our exploration work and academic studies like the ones from Dr Tim Baker in which Shotgun Gold Project is not only listed alongside Donlin Creek as one of the "Major Porphyry Gold Deposits" but is also projected to contain the similar porphyry intrusion-related type system as Donlin." 

Kirill Klip, Executive Chairman

TNR Gold Corp.

"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)

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

TNR Gold Shotgun Gold Project 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.

Gold Made a New Highest Daily Close in History at $2,788 Followed by Monthly ATH at $2,742 and Yearly ATH at $2,624 Following Quarterly ATH at $2,635. Next is a Climb to $5,000 & Over $10,000

TNR Gold in the Alaskan Elephant Country: "I Believe the Shotgun Gold Project Could Become One of the Main Satellite Gold Projects of the Donlin Gold Mining Camp"

My Vision for TNR Gold and Strategy: Share Buyback, Potential Valuations, and Shotgun Gold Project Spinout

“We are building The Green Energy Metals Royalty and Gold Company. Our business model provides the unique entry point into the creation of supply chains for critical materials like energy metals which are powering Tesla Energy rEVolution and Gold industry which is providing the ultimate hedge during this part of the economic cycle. Our shareholders are participating in the building of The Green Energy Metals Royalty and Gold Company. In our portfolio, we have a unique combination of assets providing exposure to different parts of mining cycle: starting with the power of blue sky discovery and including partnerships with industry leaders like McEwen Mining, Ganfeng Lithium and Lundin Mining as operators on the projects that will potentially generate royalty cashflows to contribute significant value for our shareholders.”

Kirill Klip, Executive Chairman TNR Gold Corp.

Today I would like to present our strategy for the Shotgun Gold Project in more detail for all our shareholders.

TNR Gold – AmeriGold – Shotgun Gold

The Company’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. TNR is actively introducing the project to interested parties. We may be at the beginning of a great discovery. There is a clear path on how to move this project forward using the geological and geophysical research currently available to target drilling to expand the resource and form the basis of a preliminary economic analysis. The next step is to acquire a partner who shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time. 

I believe that in order to maximise shareholder value and reach the potential valuations presented above we must preserve capital, reduce the amount of outstanding shares and not invest in Alaska our own capital.

Our strategy presented to potential strategic partners involves the creation of a JV with one of the major gold mining companies when our partner will be investing very substantial capital in the development of the Shotgun Gold Project while earning a stake in the project.

TNR Gold shareholders will benefit from the strategic partner’s capital being invested “in the ground” and industry expertise, including operations in Alaska.

The Management is investigating the best value creation strategies for the Shotgun Gold Project and has put in place the corporate structure of AmeriGold – the stand-alone company that could potentially inherit the Shotgun Gold Project JV operations after the contemplated potential spinout from TNR Gold.

This article is for information only and provides publicly available information and my personal Vision and valuation matrix of TNR Gold. I am the largest individual shareholder of our Company. Nothing in this blog post constitutes investment advice, offer or solicitation of the sale of any securities. Please carefully read all our Legal Disclaimers and conduct your own due diligence as always.

Thank you for your support of TNR Gold!

Tesla Nicola rEVolution and Gold. 

Proactive:

TNR Gold’s Shotgun Project In Alaska Has All The Trappings And Trimmings It Takes To Attract In A Major

Alastair Ford

"TNR Gold’s track record of successful deals with majors like Ganfeng and McEwen Mining should stand it in good stead as manoeuvring continues on the Tintina gold belt.

“I believe the Shotgun gold project could become one of the main satellite gold projects of the Donlin gold camp,” says Kirill Klip, the chief executive and largest shareholder of TNR Gold Corp (CVE:TNR).

Shotgun is the flagship asset of TNR, and is located to the south of Donlin, just inside the boundary of the famous Tintina gold belt which arcs right across Alaska.

It’s a gold belt that has proved prolific in delivering up sizeable discoveries over the years, and now boasts a serious number of major producing mines, including at their forefront, the Pogo mine, owned by Northern Star Resources (ASX:NST) and the Fort Knox mine, owned by Kinross (TSE:K).

But Donlin takes things to another level again.

With its 39mln ounces of gold grading well over two grams per tonne, it’s one of the largest open pit deposits anywhere in the world.

Not surprising then that one of the biggest names in the industry, Barrick Gold (TSE:ABX), is playing a crucial role in bringing it on, alongside partner NovaGold (TSE:NG).

Will these two stay as partners for the duration, or will Barrick step in and buy out NovaGold?

Or, for that matter, will a third party, like Newmont, show up late at the party and try to initiate some sort of division of the spoils with Barrick along the lines of the current hard-won arrangement in Nevada?

These are matters for speculation just at the minute, but it might not be long before we see tangible corporate action.

And it’s not altogether out of the question that Shotgun will get caught up in it too.

After all, TNR has plenty of form in forming strong alliances with the world’s leading mining companies.

In an earlier phase of its existence it made two major discoveries in Argentina, the Los Azules copper project, now being brought forward by McEwen Mining (TSE:MUX), and the Mariana lithium project, now being brought forward by Ganfeng Lithium. After some adroit deal-making TNR managed to retain substantial royalties in these projects, such that when they come on stream it’s likely that Los Azules will contribute upwards of US$3.5mln per year to the TNR coffers, with Mariana providing a further US$1mln. However, the latter estimate was made by the analyst before Ganfeng  announced an increase of the lithium resource at Mariana of more than 250%.

This background of successful deal-making with majors ought to provide TNR with a real advantage when it comes to assessing options for Shotgun in the coming months.

To some degree, it’s a fairly simple exercise for investors to form an idea of what the future holds, but in the case of Shotgun Klip is keen that TNR ends up retaining a 25% interest, rather than just a royalty.

In this, he does have some room for manoeuvre, because Shotgun isn’t just another piece of prospective ground. Rather, the project already boasts an inferred resource of over 700,000 ounces of gold at Shotgun Ridge, and shows every sign of being able to deliver a markedly larger total than that, once the next major exploration programme delivers its results.

Shotgun Ridge is just one of multiple gold target areas controlled by TNR Gold. ‘Shot’, ‘King’ and ‘Winchester’ add to the collection to form a distinct gold district with five  separate targets identified so far

When that will be though is the big question.

To take Shotgun up to the next level, Klip is clear that a major exploration spend is required – upwards of US$5mln and ideally closer to US$10mln. On one scenario he could go into the market and raise that money himself.

But here’s where his position as a major shareholder in the company becomes key.

“Even a US$5mln raise would be very dilutive to all our shareholders at this stage and will not guarantee success,” he says.

“We need to bring US$10mln in to drill the project very strongly.

The first US$5mln to take the project from the current 700,000 ounce resource up to the two million ounce mark, the rest to drill out the five nearby targets. There’s no reason to suppose that our ground cannot hold multiple mineralised systems.”

At Shotgun the thinking is that there may be upwards of five million ounces of gold in the ground, and there is precedent. At this stage the geology shows remarkable similarity to Donlin.

An academic study conducted in 2001 by Lang & Baker specifically identifies both projects as ‘major porphyry granite related gold deposits’ related to a singular widespread magmatic gold mineralising event that constitutes this horseshoe-like region.

The implication is that both projects arose from the same geographical kitchen sink, leading to the reasonable supposition that they should possess similar favourable geological properties. 

“We are talking about a high tonnage bulk system,” says Klip. “There are no nuggets, it’s very uniform.”

Shotgun’s particular boon is in the details. Shotgun’s mineralisation has been shown  to possess little-to-no ‘nugget effect’. A high ‘nugget effect’ means high variability between samples that are closely spaced. ‘No nugget effect’ implies a tight and uniform mineralisation of a bulk tonnage gold system. So there’s no need to dig up empty rock space as one does when chasing a vein so the stripping ratio for any mine will be low, keeping costs down.

Among the notable intercepts already banked, the company boasts 242 metres grading 1.25 grams gold per tonne, 209 metres at 1.02 grams, and just under 47 metres at 1.14 grams.

What’s more, the gold that’s been identified thus far sits at the top of a ridge, meaning that the stripping ratio for any mine will be low, which in turn will keep costs down.

“I’m in the business to get the maximum out of this new gold bull market. We’ve been waiting for it for nearly ten years after 2011. I just need to get the best deal,” says Klip

“We are not dreamers. We did it with the copper. We did it with the lithium. I would like to make it even bigger with the gold. I would like to do better, to keep a 25% stake.”

Not for him as a shareholder the dilutive effects of repeated equity fundings to support exploration. His favored option – of bringing a major in – would in the end, he calculates, mean that current shareholders end up retaining more of the project, and hence more of the value, in the long-term.

Will the strategy work?

Well, it already shows every sign of doing so.

“A deal could happen any day,” says Klip.

“Literally. We are seeing interest. But we are not in any hurry. The interest at the moment is from mid-sized companies. I do not like to commit to shallow money with sums that look great on paper but come from parties that lack the appropriate technical and financial depth with consistent follow-through in the years following the deal. We hold the high ground. We want to be patient and attract the best of the best, like we did with Ganfeng Lithium years ago - one of the top gold major company to make sure that we can get the absolute most of Shotgun’s resources in development.”

For now, the company is actively introducing Shotgun Gold to potential partners and is much more open to drilling the entirety of these prospects in a strong fashion so that it can expand the known area of mineralisation and conclusively assess the project’s top-end valuation. 

And it’s in this context that the royalty portfolio cleaves once more into view. These are serious assets, and they promise cashflow in the near-term. There’s significant value in the company on their strength alone. All of which means that TNR isn’t like some other juniors, desperately lurching from one equity raise to the next simply to keep going. There’s far more to it than that. In fact, there’s a carefully thought out strategy that looks likely to reap significant benefits for shareholders in the near-to-medium term."

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.