“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.
Angela Harmantes from Proactive is writing about the new report on TNR Gold from Fundamental Research Corp:
"TNR Gold’s portfolio spans various mining assets, with a key focus on its Shotgun gold project in Alaska and royalties in two advanced-stage projects in Argentina: the Mariana lithium project, owned by Ganfeng Lithium, and the Los Azules copper-gold project, held by McEwen Copper."
"TNR Gold is on the brink of generating significant royalty revenue from its stake in Ganfeng Lithium's Mariana lithium project in Argentina as it heads toward commercial production, Fundamental Research analysts believe.The analysts have raised their share price target for TNR from $0.24 to $0.28 per share, highlighting the imminent cash flow potential from this strategic investment."
(Angela Harmantes)
"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."
“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 is exciting that the Mariana Lithium Project's annual production capacity of 20,000 LiCl T/Y 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."
"I like to look at some deposits converted into a Gold equivalent. This deposit is equivalent to 60 million ounces of Gold deposit. Cash costs are on the equivalent basis of just over $600/oz, and the overall cost is just over $1000/oz. It will be producing over 600,000 ounces of Gold per year. In my book, this is one of a hell Gold deposit! That's almost what the Timmins district, the most prolific Gold district in Canada has produced over the last 100 years." (Rob McEwen)
TNR Gold poised for royalty revenue with Ganfeng Lithium’s Mariana Project production
TNR Gold Corp (TSX-V:TNR, OTC:TRRXF) is on the brink of generating significant royalty revenue from its stake in Ganfeng Lithium's Mariana lithium project in Argentina as it heads toward commercial production, Fundamental Research analysts believe.
The analysts have raised their share price target for TNR from $0.24 to $0.28 per share, highlighting the imminent cash flow potential from this strategic investment.
TNR Gold’s portfolio spans various mining assets, with a key focus on its Shotgun gold project in Alaska and royalties in two advanced-stage projects in Argentina: the Mariana lithium project, owned by Ganfeng Lithium, and the Los Azules copper-gold project, held by McEwen Copper.
The company's holdings are now set to generate substantial returns, particularly from the Mariana project, which is poised to enter production this month.
In the report, Fundamental Research analysts reiterated their "Buy" rating for TNR Gold, while adjusting the fair value estimate. They noted that the current share price of $0.055 is undervaluing not only the Shotgun project but also TNR’s overlooked royalty interests. Analysts expect the Mariana project, set to begin commercial production in the coming weeks, to provide immediate revenue streams through royalties, offering a timely cash flow boost for TNR.
First royalty payments
The Mariana lithium project, located in Argentina, will be one of the first to deliver royalty payments for TNR, potentially as early as March 2025. At current spot lithium prices, analysts project annual royalty revenue of approximately $1.2 million for TNR.
The timing is particularly advantageous as lithium prices are currently hovering around $10,000 per ton—near the break-even point for many large-scale development projects. Fundamental Research anticipates a rebound in lithium prices to at least $15,000 per ton, which would significantly enhance the economic viability of projects like Mariana and spur further development across the sector.
TNR Gold is also positioned to benefit from its royalty interests in McEwen Copper's Los Azules project, a large copper-gold deposit in Argentina. The project recently secured an environmental permit for construction and completed a $56 million equity financing. Infill and expansion drilling have extended the mineralization at depth, with an updated resource estimate and feasibility study expected in the coming months.
Analysts estimate annual royalty revenue of $6.5 million from Los Azules, based on conservative copper price assumptions."
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