GEM Royalty TNR Gold Corp.
“TNR Gold Corp is your gateway to the green energy rEVolution and gold stability! We're building a leading green energy metals royalty and gold company, offering a unique entry into the supply chains powering the energy transition. With a 1.5% NSR royalty (of which 0.15% is held on behalf of a shareholder) on the Mariana Lithium Project in Argentina, operated by Ganfeng Lithium, and a 0.4% NSR (of which 0.04% is held on behalf of a shareholder) on the massive Los Azules Copper Project with McEwen Mining—backed by giants like Rio Tinto and Stellantis—we’re positioned for significant cash flows without the capital burden. Add to that our 90% stake in the Shotgun Gold Project in Alaska, near the Donlin Gold deposit, with 705,960 ounces of inferred gold resources, and we’re a diversified powerhouse. TNR delivers exposure to lithium, copper, silver and gold, blending blue-sky discovery with partnerships that drive value—perfect for investors seeking growth and a hedge in today’s economic cycle!”
Kirill Klip, Executive Chairman,
TNR Gold Corp.
“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.
TNR Gold shareholders are eagerly anticipating further positive developments from Argentina for the Los Azules Copper Project, bolstered by the overwhelming support of the TNR Gold Team and strong endorsement of our strategic direction at the recent Annual General Meeting.
“I would like to thank all our shareholders for your overwhelming support, and the vote of confidence in the TNR Gold Team and our strategy for maximizing shareholders value,” stated Kirill Klip, Executive Chairman of TNR Gold. “Our Company has repaid our investment loan in full, and we do not have any debt. We believe that the recent market prices of our shares do not fully reflect the underlying value of TNR’s assets. Our transformation from a project-generator junior mining company into a cashflow-generating royalty company may bring the necessary catalyst for improved market valuation of our assets.”
Angela Harmantas from Proactive wrote 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 about to make a strategic shift in its business model and position itself as a revenue-generating royalty firm, according to analysts at Fundamental Research Corp.
Production began earlier this year at the Mariana lithium project, owned by China’s Ganfeng Lithium, with TNR set to begin receiving royalty payments as early as the fourth quarter of 2025.
Based on current spot lithium prices, Fundamental Research estimates annual royalty revenue from Mariana could reach C$1 million." (Angela Harmantas)
"The company's other flagship royalty asset is on the Los Azules copper-gold project in Argentina, controlled by privately held McEwen Copper Inc, a division of McEwen Mining Inc (TSX:MUX, NYSE:MUX). The large-scale, open-pittable deposit holds an estimated 38 billion pounds of copper, 4.7 million ounces of gold, and 159 million ounces of silver. McEwen plans to complete a resource update and feasibility study this quarter, with construction targeted for 2026 and production slated to start by 2029.
FRC projects that TNR’s royalty from Los Azules could generate annual revenues of up to C$10 million at current copper prices.
The firm reiterated its Buy rating and increased a fair value estimate from C$0.28 to C$0.30 per share, compared with a current trading price of C$0.09." (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.
Proactive
TNR Gold's Kirill Klip discusses the company’s progress in Argentina
"TNR Gold Corp. executive chairman Kirill Klip spoke with Proactive about the company’s recent progress across its portfolio in Argentina.
Klip highlighted the strong shareholder support received at TNR Gold’s AGM, where the company’s strategy was endorsed by a record number of votes.
“We delivered already with the TNR Gold team 100% increase in share price this year. And now we are working on the next 100% plus milestone,” he said.
On the Mariana lithium project, Klip explained that partner Ganfeng has started gradually producing lithium chloride, with plans to scale up capacity to 20,000 tonnes per year. He noted that this marks TNR Gold’s transition from a project generator into a royalty-generating company, with the first royalty payments expected soon.
Turning to the Los Azules copper project, Klip pointed to the recent collaboration agreement between McEwen Copper and the International Finance Corporation, describing it as a strong vote of confidence that paves the way for project financing.
He said TNR Gold’s royalty on Los Azules could be valued as high as $30 million, referencing recent comparable deals.
Klip also highlighted a new research report that raised TNR Gold’s target price from $0.28 to $0.30, reflecting market recognition of the company’s growth potential.
Proactive: You’re watching Proactive. Joining me is TNR Gold executive chairman Kirill Klip. So let’s talk about your AGM back in June where you had overwhelming support for the team at TNR Gold and also endorsements of your strategies. So shareholders are clearly happy with the progress you’re making.
Kirill Klip: Results are speaking for themselves. We delivered already with the TNR Gold team a 100% increase in share price this year. And now we are working on the next 100 plus milestone. As you mentioned, we celebrated the AGM this year with a record number of votes. This was overwhelming support of the TNR Gold team and a very strong endorsement of our strategy.
Well, let’s take a look at the strategy and what the shareholders are endorsing. We’ll start with your Mariana projects in Argentina. Ganfeng is already gradually supplying lithium chloride products in a stable manner.
Yes, this is correct. As you can imagine, all our shareholders have been eagerly awaiting more positive news from Argentina, and our partners have delivered. All our projects are moving forward. The most important thing to mention is that this year, we are graduating from a project generation junior mining company to potentially a cash-flow royalty generation company. Mariana lithium has reported progress.
We are very pleased to say that in internal findings in China, they announced that they expect Mariana lithium will gradually be producing commercial quantities of lithium chloride. They plan to increase capacity to 20,000 tonnes per year. So we are eagerly awaiting the first royalty payments from this project.
Good news also from your Los Azules copper project in Argentina. The International Finance Corporation has signed a collaboration agreement with McEwen Copper. That will assist the financing, won’t it?
Exactly. The team of Rob McEwen is advancing this giant project very successfully. Now we have another vote of confidence in this development. As you know, IFC is a member of the World Bank organization, providing financing to more than 100 countries worldwide, mostly emerging economies.
Rob McEwen has said this cooperation agreement is paving the way for a financing package already for construction of Los Azules. IFC will hopefully participate as a lead lender and also in the next round of equity investment in this giant copper project in Argentina.
They are positioning this development as a way to unlock the economic potential of Argentina with new pro-business reforms implemented by President Milei.
And of course, Los Azules is moving forward towards that feasibility study. That’ll give you more potential valuations for your royalty in Los Azules, won’t it?
Yes, this is true. As you remember, we have already been discussing a number of potential valuations for Los Azules. Based on Rob McEwen’s personal estimation following the Osisko Gold and SolGold deal in Ecuador, TNR Gold’s royalty could be valued as high as $30 million. You can imagine this is already a giant project.
It is among the ten largest projects in the world, and it is the fourth largest project not owned by a major copper mining company. We now expect a new feasibility study and hopefully a new resource estimation, because the preliminary economic assessment only considered drill holes up to December 2022.
Los Azules already has a giant resource base equivalent to almost 50 million ounces of gold, consisting of 10.9 billion pounds of copper in the indicated category and 26.7 billion pounds in the inferred category.
We are looking now for an increase in resources. Analysts and investors are also paying close attention. Fundamental Research issued a new report increasing our potential target price from $0.28 to $0.30.
We are looking forward to hitting this milestone.
As I told you, TNR Gold has already delivered a 100% increase in share price this year, and now we are working hard for our shareholders to reach another milestone with another 100% increase in market cap potential."
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.
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