TNR Gold Royalty Holding: Ganfeng Lithium Begins Construction Of The Mariana Project In Puna Of Salta, Argentina

We have more details to share with you today about the great news coming from Argentina for all TNR Gold shareholders after Ganfeng Lithium elevated the Mariana Lithium Project to another level. 

Argentinian president Alberto Fernandez, cabinet ministers and Ganfeng Lithium executives. 

(Image by the Argentina President’s Office).

President of Argentina, Alberto Fernandez received the vice president of Ganfeng Lithium, Xiaoshen Wang, and the president of Litio Minera Argentina S.A., Jason Luo after the inauguration of the start of construction of the Mariana Lithium Project in the Puna, Salta.

President Alberto Fernandez and his administration are taking this opportunity to become the Power House of Tesla Energy rEVolution very seriously. The proud people of Argentina have everything to succeed. 

Now the wise government must support its hard-working people with stable government policies nurturing this unique opportunity and attracting investments and technology coming into this beautiful country.

TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the entire 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!

Redimin:

Argentina: The Ganfeng Lithium Company Begins the Construction of the Mariana Project in the Puna

The Project is located in the Salar de Llullaillaco in Salta, foresees an investment of 600 million dollars and will generate more than 1,000 jobs during the construction phase.

Last Monday, the construction of the Mariana Project was officially inaugurated, with the presence of the vice president of Ganfeng Lithium, Xiaoshen Wang, and the CEO and president of Litio Minera Argentina SA, Jason Luo, who, together with the governor of Salta, Gustavo Sáenz, led the start of the construction of the project, with a simultaneous transmission via streaming, from the base of operations in the Puna of Salta. At the end of the week, the company authorities met with President Alberto Fernández; the Minister of Productive Development, Matías Kulfas, and the Secretary of Mining, Fernanda Ávila, at Casa Rosada. Both Fernández and Sáenz highlighted the start of the project as a milestone for the province and the region.

The Mariana Project is 100% owned by Ganfeng and is located in the Salar de Llullaillaco in Salta, about 430 kilometers from the city of Salta, and 95 km from Tolar Grande.

In June 2021, Litio Minera Argentina SA received approval from the Salta Mining Secretariat of the Environmental Impact Report for the construction of 1,700 hectares of evaporation ponds and two brine processing plants.  This work will constitute the largest extension of brine pools that currently exists in the province.  The design is differentiated by the construction of the pools on the surface of the salar without using external input material, at a very high water table, close to the surface. The on-site process has the high complexity of working with forced evaporation to minimize brine concentration times.

Xiaoshen Wang explained that the company will make an investment of close to 600 million dollars in the province, including this project in its entirety and a plant to process concentrated lithium brine, to be built in the General Gemes Industrial Park. According to the feasibility studies, they estimate annual production of 20 thousand tons of lithium chloride (LiCl).

The transfer of the concentrated brine from the Mariana Project to Gemes will be carried out through tanks-containers that will give flexibility to the process. The most distinguished thing about the process at the Gü emes plant is that it was designed to have zero liquid effluents, reusing all currents for the preparation of reagents.

Sustainability

Wang expressed: “Our mission is to use lithium resources to create a green, clean and healthy life for human development and progress, accelerate automobile electrification and renewable energy to reduce carbon footprint, making our world much more sustainable". The construction of an environmentally friendly project stands out, an off-grid solar park with 120 MW of solar panels and 288MWp of battery storage with a planned expansion to 150MW of solar panels and 360MWp of battery storage exclusively produced by Ganfeng. In this sense, Wang emphasized that "this will be the first lithium project in the world that will use 100% renewable energy, and the largest off-grid solar park in the region."

The system is designed to respect and comply with international standards in quality, energy-saving and care for the environment, and has the capacity to supply the various operating facilities and a camp for approximately 500 people.

“Our technical skills, industry knowledge and market dominance support us in building lithium plants in an environmentally friendly way and recovering lithium in the most efficient way,” said Jason Luo, highlighting the energy use of solar to complete the extraction of resources and the selection of water resources that do not meet human consumption standards and which will be reused.

At this point, the vice president of Ganfeng mentioned that the Mariana project is distinguished by the decision to preserve the salt flat as a complex environmental system. Consequently, the operations and facilities were planned from a robust and studied environmental basis, respecting the vegetation, flora, fauna, limnology, water, soil, air and archaeology, in order to protect the sites of greatest biological importance. “At Ganfeng we understand how important it is to have sustainable growth, boost the local economy and contribute to the community.” He said.

Employment

“The Mariana project will create more than 1,000 construction jobs and 455 permanent jobs during operation.  We are working to provide equal opportunities for both genders, offering more training to communities to create a larger pool of local talent," Wang said.

He also explained that, from the beginning of the activities in the different projects, the company made local contracts, carrying out searches from nearby communities and expanding it to other localities and departments of the Province. “We assume essential actions such as the safety of our workers, anti-corruption policies and gender equality, with 23% of women currently hired, 40% of them in hierarchical positions.” finished.

   Xiaoshen Wang meeting with President Alberto Fenández at Casa Rosada.

A commitment to community relations

Relations with communities are key, highlighting cooperation with municipal and provincial authorities and private institutions, and fundamentally, dialogue. Promoting local culture and moving towards a sustainable future by fostering employability, the development of local providers, the continuity of cultural practices, and physical and mental health care.

The company practices corporate social responsibility with a focus on education, health, culture and economic development. During this time, the company collaborated to improve community and health infrastructure, and supported recreational, sports and educational activities, creating a positive impact in the communities of Tolar Grande and General Gemes as areas of direct influence, and the department of The Andes as an indirect influence. 

   Xiaoshen Wang, Gustavo Sáenz and Jason Luo, at the inauguration of the Mariana Project in Salta.

 

The first producer of lithium metals

Ganfeng Lithium was born in the year 2000 and has become the first producer of lithium metals and the second producer of lithium compounds worldwide. With more than 328 experts in research and development, the company has a complete circuit in the entire lithium industry chain (electric vehicles, energy storage, consumer electronics, chemical industry, and pharmaceutical industry among other applications). 

Since its origin, Ganfeng has spread to 5 continents. With operations in China, Australia, Ireland, Mexico, Mali and Argentina, three projects are currently being managed in our country including Cauchari in Jujuy, and Mariana and Incahuasi in Salta, making Argentina one of the most important lithium mining bases for Ganfeng Lithium.

Source: The Tribune" (Translated by Google)

Elon Musk And Lithium: "Salt On A Salad"? - It Looks More Like Water In The Desert Needed For Tesla To Continue To Grow To The Sky.

Elon Musk is talking about lithium again. This time around even the laziest investors are already chasing everything with lithium in their name. Lithium prices have separated themselves from any ideas about the dirt and dust which is lying around in Nevada "full of Battery Grade Lithium" and just waiting to jump straight into the battery packs.

 

Lithium prices jumped first through the roofs of the empty warehouses in China and after that went Space X vertical to the new all-time high of USD$78,300 per T of LCE spot price in the Chinese domestic market.

 

 

Very soon many investors will realise the danger of the digital divide between them and their money during the electrification of our transportation and energy sectors. The dreams about Lithium are driven by the real desire of automakers to have it yesterday. They wish that they can rely on a secure stable supply of critical metals to feed Tesla Energy rEVolution. But this crucial ability to produce Battery Grade Lithium and the word lithium in the names of many companies are not the same.

There is a brutal harsh reality of the expanding very fast gap between the exponentially growing demand for Battery Grade Lithium and the very limited available supply. Every new all-time high price set for lithium sounds alarms in the boardrooms all across the globe. We have a major shift in the marketplace. Major corporations are going FOMO on the Energy Transition and Electrification of our Energy and Transportation systems. 

Mines producing lithium cannot grow overnight to supply all these beautiful Energy Transition dreams at once with the Battery Grade Lithium. The flood of money that is seeking the best returns in exponentially growing EVs space is hitting a very small lithium market. Price shocks were imminent. These all-time high prices are already affecting the cost of lithium batteries, but the secure supply of Battery Grade Lithium is even more important than price.

Elon Musk has been talking for years about Lithium "as salt on a salad". It looks more like water in the desert needed for Tesla to continue to grow to the sky. It took only 10 months to build Tesla Gigafactory 3 in Shanghai. It can take up to 10 years to build up a lithium mine depending on the type of resource.  

"Supply chains are not ready. All stability of the US$12 Trillion dollars of the inverted Pyramid of Energy and Transportation Sectors depends on the security of supply provided by the Lithium market with a size of less than US$4 Billion dollars by sales in 2020."

"The tsunami wave after the Tesla earthquake has shattered all ICE legacy automakers is hitting the very small market of specialised lithium chemicals products. Price shocks for Battery Grade Lithium were imminent." 

"Lithium price goes up first and a new stable secure supply of Battery Grade Lithium will be coming much later after many years of development. The industry might and investments of Billions of dollars are only the start, each lithium project is a unique "chemical soup" and only a few companies in the world have a "Know-How" to unlock the potential of new projects and reach the "Number Plate" - Battery Grade  Lithium quality and announced capacity of annual production. "Skyrocketing lithium prices unlikely stabilise soon", says Ganfeng Chairman and now you can understand why."

Now you can better understand, why I am congratulating all our TNR Gold Team and expressing my gratitude to all our shareholders for their support of our Company, particularly today. 

Elon Musk talks about the lithium business and we have just announced our best news about TNR Gold NSR Royalty Holding on Mariana Lithium with Ganfeng. And we have not even started to talk about Robots...

 

"Kirill Klip, TNR's Chief Executive Officer commented, "We have seen Ganfeng Lithium consolidate 100% of the Mariana Lithium Project and both TNR Gold and Ganfeng Lithium's subsidiary Litio Minera Argentina Corp. ("LMA") have acknowledged LMA's responsibility to pay the 2% NSR royalty on the commencement of Commercial Production at the Mariana Lithium Project, and LMA has assumed the right to the repurchase of 50% of the NSR royalty (that is 1%)." 

 

We have had a validation point of our Lithium business strategy for the last 14 years. Now we are moving into the crystallisation point for our assets and their potential market valuations. 

"We believe that our royalty holdings are undervalued, and their appropriate values are not reflected in the Company's share price. We have received significant industry interest in our assets and the Company is working on potential new strategic partnerships to provide benchmarks for the market valuations of our royalty holdings. Such strategic transactions may potentially allow us to substantially improve our working capital position."

These potential transactions may allow everybody in the marketplace to see our lithium, copper, gold and silver assets' values more clearly. And even more, very naughty and ruthless Mr Market may start to recognise these real values as well.

There is a long journey between dreams about lithium, copper, gold and silver and the share price of the company reflecting the real valuations and going steadily up on the screen of your iPhone. This is what I call "Mr Market Time Machine". You are buying when nobody wants it. When there is still a unique opportunity and you can buy a much better business at a very reasonable price before the FOMO crowd will be driving the share price up. 

You are buying the Dream before it became reality. Then after very hard work and if you get lucky you can go "Back Into The Future". In the future for me personally, I can see the UniVerse where only TNR Gold Royalty Holdings in Mariana Lithium with Ganfeng and in Los Azules Copper, Gold and Silver with McEwen Mining can each potentially justify valuations representing multiples of our recent market cap. 

 

"Using my previous articles presented below, we can check and review the main driving market forces behind this phenomenal price performance for Lithium. This is the reflection of the exponentially growing demand and the very limited ability of the established producing facilities to increase the supply of Battery Grade Lithium. "Skyrocketing Lithium prices unlikely to stabilize soon", says Ganfeng Lithium Chairman: "Overall global demand for the material could reach 3 million tons by 2030". 

"With these kinds of numbers, some analysts in our industry may start calculating potential future NSR Royalty cash flows for TNR Gold from the Mariana Lithium Project closer to US$15 million per year rather than US$5 million, even after Ganfeng will execute its buyback right for 1% of NSR."

 

This is why I constantly invest in TNR Gold and other insiders joined me. Nobody knows the future, we can only do our best to make it. 

"There is magic, but you have to be a Magician to make this magic happen". Sidney Sheldon.

We have found Mariana Lithium Project many years ago in 2009. Now after more than a decade this beautiful project has grown into one of the largest Lithium Brine projects in the world.

"Ganfeng has successfully advanced Mariana Lithium to the construction stage. This is after a 55% increase in the measured and indicated resource estimate from the previously announced 2020 resource estimate at Mariana. We extend our congratulations to Ganfeng and salute the people of Argentina on the successful approval of the Environmental Impact Report by the Salta regional government in Argentina and approvals for the construction of a plant with a designed annualized capacity of 20,000 tonnes per annum of lithium chloride."

"We are very pleased to see that this new plan represents a design capacity of 20,000 tonnes lithium chloride (LiCl) over the previously planned annual lithium production rate of 10,000 tonne-per-year lithium carbonate equivalent (LCE) presented in the Mariana Project preliminary economic assessment ("PEA"), announced in our news release of January 28, 2019. It was the first PEA on the project and provided a potential value for the total NSR royalty from Mariana's life of mine cashflow, which has now been significantly increased. We welcome the news from the Salta regional government, following its discussions with Ganfeng, that the likely project expenditure to bring the Mariana Project to full production is approximately US$600 million."

"We believe that our royalty holdings are undervalued, and their appropriate values are not reflected in the Company's share price. We have received significant industry interest in our assets and the Company is working on potential new strategic partnerships to provide benchmarks for the market valuations of our royalty holdings. Such strategic transactions may potentially allow us to substantially improve our working capital position."

"TNR does not have to contribute any capital for the development of the Mariana Project. The 2.0% NSR royalty on the entire Mariana Project with Ganfeng Lithium is an important part of TNR's portfolio, (TNR holds a 0.2% NSR on behalf of a shareholder). Lithium Minera Argentina retains the buyback right on 1.0% of the NSR royalty as described herein. 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."

 

Now the largest integrated lithium producer from China Ganfeng Lithium is developing this massive Mariana Lithium brine salar in Salta, Argentina. We are not even talking yet about any potash values at this stage, Mariana Salar brine contains one of the highest potash grades in Argentina. 

And today the most important message for the future of the Mariana Lithium Project development will be a slide from the Ganfeng Lithium presentation, where they are calling this plan for 20,000 T Lithium Chloride annual production "Phase 1".

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. 

TNR Gold Considers Partial Ganfeng's Mariana Lithium Royalty Sale

 

TNR Gold NSR Royalty Holding On Mariana Lithium With Ganfeng: Lithium Price Hits And Continues To Hold All-Time High Of $78,300/T In China

Lithium price hits and continues to hold the new all-time high of over $78,300/T LCE in China. Ganfeng Lithium is moving Mariana Lithium Project fast forward with their US$600 million investment plan for the approved "Phase 1" with 20,000 T of the annual production capacity of Lithium Chloride.

Fastmarkets confirms all-time high Lithium prices all across the board, as well. Lithium Carbonate spot price, ex-works domestic China, reached as high as CNY510,000 in March.

Today, I would like to put all these recent developments in the Lithium market and their consequences for the potential valuations of TNR Gold NSR Royalty Holding into the perspective of our previous discussions about the looming deficit in the supply chain for Battery Grade Lithium.

Using my previous articles presented below, we can check and review the main driving market forces behind this phenomenal price performance for Lithium. This is the reflection of the exponentially growing demand and the very limited ability of the established producing facilities to increase the supply of Battery Grade Lithium. "Skyrocketing Lithium prices unlikely to stabilize soon", says Ganfeng Lithium Chairman: "Overall global demand for the material could reach 3 million tons by 2030". 

With these kinds of numbers, some analysts in our industry may start calculating potential future NSR Royalty cash flows for TNR Gold from the Mariana Lithium Project closer to US$15 million per year rather than US$5 million, even after Ganfeng will execute its buyback right for 1% of NSR.

"TNR retains a 2.0% NSR Royalty on the entire Mariana Lithium Project in Argentina with Ganfeng Lithium, (TNR holds a 0.2% NSR on behalf of a shareholder). Ganfeng’s subsidiary, Litio Minera Argentina, has a right to repurchase 1.0% of the NSR Royalty on the Mariana Project, of which 0.9% relates to the Company’s NSR Royalty interest. The Company would receive $900,000 on the completion of the repurchase. The project is currently being advanced by Ganfeng Lithium International Co. Ltd.

 

Mariana Lithium Project** measured and indicated resource: 4,410,000 T of LCE and 49,700,000 T of potash with the additional inferred resource: 786,000 T of LCE and 9,260,000 T of potash.

(Updated Mariana Lithium Project measured and indicated resource: 6,854,000 T of LCE with the additional inferred resource: 1,267,000 T of LCE – Company news release, July 14, 2021)"   

 

We are building The Green Energy Metals Royalty and Gold Company. Insiders continue to invest in TNR Gold. On the links below you can find more information about TNR Gold, our assets and learn more about the Lithium market. As usual, make your own research, stay safe and prosper. Join rEVolution!

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.

"We have more great news for TNR Gold NSR Royalty Holding on Mariana Lithium Project development by Ganfeng Lithium coming from Salta, Argentina. Ganfeng is moving construction of the Mariana Lithium Project fast forward with their US$600 million investment plan for the approved "Phase 1" with 20,000 T of the annual production capacity of Lithium Chloride."

"What will the Llullaillaco Solar park be like?" 

Gaceta Mercantil 

  

"Skyrocketing Lithium Prices Unlikely To Stabilize Soon", Says Ganfeng Chairman: "Overall Global Demand For The Material Could Reach 3 Million Tons By 2030".