TNR Gold Royalty Holding On Mariana Lithium Project Operated By Ganfeng: "China’s Ganfeng To Be Largest Lithium Hydroxide Producer".

Update October 31, 2020:

"In a separate filing, Ganfeng said it had terminated a deal announced in August that would have seen it take over 25,000 tonnes of annual lithium carbonate and 5,000 tonnes of lithium hydroxide production from smaller firms including Jiangxi Special Electric Motor Co 002176.SZ.  

The two sides "failed to reach an agreement on the technological transformation plan for the lithium salt production lines" and opted to terminate the agreement, which would have run from this month to March 2023, it said." Reuters.

Ganfeng Lithium continues to build the Vertically Integrated Lithium Business Empire and increasing its lithium production capacity by this lease deal with Jinaxi Special Electric Motor. Apparently, Ganfeng can make things work even in the very tough markets where others seem to be just losing money and making strategic mistakes by taking on unbearable debt and overpaying at the top of the market for the "Get Big Fast" strategy with M&A deals.

Ganfeng becomes the largest Lithium Hydroxide producer in the world surpassing Albemarle after this deal. Needless to say, that Company is looking forward and getting ready for the exponential stage of growth for the sales of Electric Cars. Ganfeng has deals to supply Lithium to Tesla, Volkswagen and BMW among others.

We are entering the Post Carbon Economy. Even BP is warning its shareholders these days in its famous Energy Report: "Oil demand already peaked." Exxon is out of the DOW already and Tesla was roasting shorts alive with its parabolic surge defying all the laws of gravity before its long due correction the last couple of weeks. 

Only those who are ready and can cross the desert will be abler to enjoy the full power of this Energy rEVolution. High Voltage can be very unforgiving. The strongest are getting stronger and the weak ones are being wiped out from the Lithium Universe by the ruthless Mr Market these days. We are talking here about the new geopolitical balance in the world which will affect all trading and commercial relationships. The Global Village is over. New secure supply lines must be built for this Energy rEVolution which is electrifying $12 Trillion industries of Energy and Transportation. 

From the very early days, Ganfeng was paying very careful attention and building step by step its diversified Lithium raw material base. Earlier in September Company has announced the completion of its new JV deal with Lithium Americas in Argentina and now Ganfeng controls Kauchari-Olaroz Lithium project. This company knows how to operate in Argentina and used the opportunity to consolidate control of one of the largest Lithium brine projects in the world. 

TNR Gold is plugged into the Tesla Energy rEVolution with our NSR Royalty Holding on Mariana Lithium JV under the management of this giant from China. Ganfeng proposed USD $25 million budget for Mariana Lithium in 2020 and "The feasibility study on Mariana Lithium was completed in 2019, and environmental assessment and construction of the project are planned to be conducted," as it has stated in Ganfeng Lithium 2019 Annual Report. 

Ganfeng Lithium has provided a further update on Mariana Lithium in 2020 Interim Report: "The feasibility study of Mariana Project in Argentina was successfully completed in 2019, and environment assessment, pilot scale test, and design of plant construction are being launched to the project."

Tesla's battery Day on September 22 will bring batteries and lithium to the front pages in the world again. Do not miss this generational opportunity in the hydrogen fog - we have The World Just Before The Internet all over again. Below you can find more information about TNR Gold for your own research. 

TNR Gold Royalty Holding On Mariana Lithium Project Operated By Ganfeng: Lithium Resource Increased By More Than 250%, "USD $25 Million Budget Is Proposed For 2020".

Tesla has electrocuted shorts and now provided a near-death experience to all legacy automakers. The message is crystal clear: change or die all together with the ICE Age. All automakers are rushing to build up "the next Tesla killer", but nobody can really compete or come even close to the technology developed by Elon Musk and his very talented team at Tesla. 

Tesla Battery Day on September 22, 2020, promises announcement of a new breakthrough battery technology which can become "a million-mile battery"  that can bring the cost parity with ICE cars. We are moving in the fast lane towards the end of the ICE Age. Fisker is going public with his new electric car after $50 million dollars raise and reverse takeover which expected to bring $1 billion dollars to start production. Rivian, backed by Amazon and Ford, raised $2.5 billion dollars. One by one electric cars makers are launching their stocks "to the moon", sometimes even without any electric cars being in production yet. 

People are ready for The Switch, millions are switching from cancer hazard polluting "Clean DIEsel" and "Not so dirty Gas" cars to EVs. Mr Market will separate, as always, flies from hamburgers and a lot of people on Robinhood from their money, but do not miss the real tectonic shift. The World Just Before The Internet. We are going electric. A few megatrends are colliding and will produce real fireworks for the strategic commodities.

The Global Village is finished, globalisation is over. Painful reality check, after this wave of the pandemic will be closer to being controlled, will reveal that a lot of things will never be the same. This Switch will require new secure supply lines for strategic metals for this Energy Transition: Copper and Lithium. Dr Copper has been already celebrating electrification and the coming mass market for EVs by driving up the hill in his Tesla after reading all headlines about infrastructure stimulus. 

Master Lithium is still going through its teenager hangover after too much parting was done too soon. Change of mood is typical for all advanced chemistry products. A lot of speculative capital which was before allocated to junior mining space went up in smoke quite literally.

The noise of printing presses is still louder now than the heavy machinery buzz. The coming QE Tsunami is lifting the superyachts first and cargo ships will be the next. The smart money is getting into the real control step by step. 

$12 Trillion industries of Energy and Transportation will depend on $3 billion Lithium market more and more. At the moment the Lithium market seems to be totally separated from all excitement and electricity in the air intoxicating the happy Robinhood crowd which is chasing bankrupt ideas and insolvent companies. "Opaque Lithium Kingdom" is still under consolidation. Strongest companies are getting stronger and picking up pieces of all other companies and the best projects they can find on their terms. 

All weak players will be wiped out. Ganfeng Lithium is marching on building their own global Lithium raw material resources empire. Ganfeng's 100% ownership of Mariana Lithium is now closer with "Proposed budget 2020: US $25M" when the other JV partner "has decided to temporarily cease to make contributions to the Mariana Joint Venture" again. 

Now you can better appreciate the real magnitude of Mariana Lithium Project after the increase in Lithium resources of more than 250%. I am very pleased to see that this new proposed very significant budget will be moving the project into the next stage of the development. In their 2019 Annual Report, Ganfeng Lithium published: "The feasibility study on Mariana Lithium was completed in 2019, and environmental assessment and construction of the project are planned to be conducted". 

TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holding on Mariana Lithium Project. We do not have to contribute any capital for the development of Mariana and our NSR Royalty does not depend on the size of ILC's potentially further diluted ownership in the Mariana Lithium Project. Below you can find more information for your own research on this generational investment opportunity:

"Super-smart" banksters can understand even Mandarin as long as it is about "getting rich quick dirty ways to make money". But history will be the judge, as always, in this case as well after all legal lyrics are written and all guitar solos are recorded. The Rock n Roll time is here, Lithium Royalty payday is coming."

Bloomberg BNEF:

China’s Ganfeng to Be Largest Lithium Hydroxide Producer

• Ganfeng to expand lithium chemical capacity to 85,000 tons
• 65% of global lithium chemical conversion capacity in China

"Ganfeng Lithium announced an agreement with Jiangxi Special Electric Motor (Jiangte) to take over the operations and management of three lithium chemical converter plants from October 2020 to March 2023. Ganfeng will pay Jiangte $2.78 million to lease these assets, bearing full responsibility of all losses and revenues.

According to the deal, Jiangte’s three plants total 25,000 metric tons of lithium carbonate capacity, of which 10,000 tons is under construction (5,000 tons of lithium hydroxide capacity is also under construction). Gangfeng currently has lithium chemical refinery plants in Jiangxi with a total capacity of 25,750 metric tons carbonate and 24,000 metric tons hydroxide in operation, with 20,000 metric tons of capacity under construction and 50,000 metric tons planned capacity.

Before this deal, BloombergNEF ranked Ganfeng as the second largest hydroxide producer, after Albemarle. Adding the capacity leased from Jiangte, Ganfeng will become the largest lithium hydroxide producer globally this year."

 

GEM Royalty TNR Gold Powered By Tesla rEVolution: Rob McEwen - "Los Azules Has Resources Of Greater Than 50 Million Gold Equivalent Ounces".

We have discussed with you in-depth that Tesla rEVolution has already propelled Copper into the powerful Golden Cross and the significance of the break out above the $3 dollar Copper price. You already know that TNR Gold is plugged into this rEVolution and the coming mass market for Electric Cars with our NSR Royalty Holding on the entire Los Azules Copper project under the development by the legendary Mr Gold Corp. - Rob McEwen. Today Rob McEwen himself is describing the magnitude of the Los Azules Copper project for your further research: "Los Azules has resources of greater than 50 million gold equivalent ounces."

The mining world is relatively small and it is getting much smaller once you will account all capable people with the real money who can move giant projects like Los Azules Copper into the next stage. To add a few more pieces for this Energy rEVolution value play puzzle we must remember that Warren Buffett bought a $564 million stake in Barrick Gold. Barrick Gold is looking for a strategic Copper and Rob McEwen is "derisking this asset (Los Azules Copper), improving the access, and improving its attraction for a potential JV partner". 

"Also, in Argentina is the company's large, 100%-owned Los Azules copper project. "To give you a sense of its size I will convert the pounds of copper to gold equivalent ounces (by dividing the gold price by the copper price, then take the product and use it to divide the number of Indicated and Inferred pounds of copper to arrive at the number of gold equivalent ounces) and to that number add the gold and silver ounces in the deposit. Based on current metal prices, Los Azules has a resources of greater than 50 million gold equivalent ounces. We have focused on derisking this asset, improving the access, and improving its attraction for a potential JV partner," Rob explained."

TNR Gold Los Azules Copper NSR Royalty Holding With McEwen Mining Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.

Tesla rEVolution, Golden Cross And $5 Dollar Copper: "Roskill Sees ‘Structural Shift’ In Copper Market On Intense Buying From China".

Will Tesla rEvolution bring us $5 dollar Copper? Not a lot of people are expecting it now. But even less has expected Tesla hitting $2,318 this week. We had already discussed with you how Tesla has supercharged Copper into the Golden Cross. 

And now we are moving very fast into the $3,000 Gold with Warren Buffett's blessing. Our dear friends at the FED are doing everything they can to help us to get to the $5 dollar Copper. 

Not everyone can live happily on the private island watching their Apple grow, we still need some people to bake those croissants to enjoy the morning breeze. But on a serious note, that stage which we discussed here before - with tanks and people in hazmat suits - is getting dangerously close with growing bloody divergence on every uptick for the stock markets and the number of unemployed. 

FED is throwing in the towel its "Policy of the Strong US Dollar from 1913" and we cannot argue against it. All people have their right to enjoy full employment, 0.01% have their right to enjoy Apple and we are hoping to enjoy here $5,000 Gold and $5 dollar Copper. Now everybody can go home and we all can enjoy the silence.

Northern Miner is providing us with more insights into the recent stage of the Copper market and the road to the global electrification of Energy and Transport industries which is ahead of us. Somewhere on this road, McEwen Mining will strike a JV deal for Los Azules Copper as we have discussed and it will bring new valuations to all parties involved. 

Higher Copper prices will address all uncertainty related to Argentina and the constant search of its destiny. Even $4 dollar Copper will make a lot of proud of people of San Juan very happy, they all deserve it. Tesla rEVolution is here and The Switch is happening for millions of people now with every new electric car sold. 

This rEVolution will require a lot of Copper and giants like Los Azules can deliver it for many years to come. TNR Gold holds NSR Royalty on the entire Los Azules Copper project and below you can fund more information for your research. Stay safe, buckle up and enjoy your journey.

Dr Ryan D Long has provided his personal analysis on the potential valuations for TNR Gold Royalty holding with McEwen Mining:

"TNR also holds a 0.36% NSR on the Los Azules Copper Project, located in San Juan Province of Argentina. The Los Azules Project is owned 100% by McEwen Mining Inc (NYSE:MUX) and is expected to be the 26th largest copper mine in the world once it reaches production. 

A PEA at the project completed in September 2017, demonstrated a post-tax NPV8 of US$2.2bn with a post-tax IRR of 20.1%. Based on the PEA figures the mine is expected to generate average revenue per annum of U$953mln, which could generate around US$3.5mln a year to TNR over 37 years."

Now investors can do their own research and start putting the different pieces into their own valuation puzzle. Rob McEwen has prepared Los Azules to the potential major JV deal in the copper space. 

Agreements between Argentina and Chile are signed in order to advance the Los Azules project and the new road is being under feasibility study. The new approach by Rob McEwen which he has articulated in order to jump-start the development is making a huge difference for any potential partners:

"McEwen Mining conference call, Robert McEwen -- Chairman and Chief Owner

Happy to. We had past discussions with a senior base metal producer. What we were looking for was recovering part of the cash we put in. We were looking for $100 million upfront that the partner would advance the project to feasibility and then into production and we would continue with an interest of 20% or 25% of the property going forward."

Needless to say that any potential deal will bring the new valuation drivers for all parties involved: McEwen Mining and TNR Gold, as the project will be moving into the feasibility and construction stage. Development of Los Azules will provide enormous economic benefits for San Juan, which is ready to support this kind of responsible mining business for the benefit of proud people of Argentina. I have been calling Argentina the potential Energy Power House for many years, it can finally coming all together now."

The End Of The ICE Age: Electric Cars Are Green And Clean - "Tesla Model 3 Emits 65% Less Lifetime Emissions Than Mercedes-Benz C-Class."

ElecTrek brings us a new report with another very important confirmation of the indisputable scientific facts which we all have known already for quite a while here. Electric Cars are green and clean: "Tesla Model 3 emits 65% less lifetime emissions that Mercedes-Benz C-Class." We are witnessing The World Just Before The Internet again, millions are making The Switch by buying Electric Cars, rEVolution is here and we are at the End of The ICE Age. Electric Cars are already cheaper to own and they will be cheaper to buy very soon as well.

This tectonic shift will bring very far-reaching complications to the established geopolitical balance. We are talking here about the nearest future when Energy Generation will be decentralised with Solar and Wind power generation systems which are connected by smart grids with Energy Storage Systems. 

Exxon is out of DOW already and even if Tesla was not included in the S&P 500 this time, it does not mean that that it will not happen relatively soon, particularly, after The Battery Day presentations on September 22. 

Last week brought us an important observation that even the best trees are not growing straight up into the sky. Tesla served shorts roasted and delivered quite a few moments of bliss to all engaged before its stock started pulling back. 

Please do not miss a truly tectonic shift in the auto industry happening behind all this drama entertained by the bored with all-time highs Mr Market. Elon Musk's visit to Volkswagen and test driving of VW ID electric cars will signify this life after death experience for all legacy automakers. 

The message from Tesla Gigafactory 4 in the very heart of the motherland for iconic legacy auto brands is loud and clear: change or die altogether in the fumes of your DIEselGate. 

"The Guardian reports that one more study confirms: electric cars are much cleaner than any DIEsel or even petrol cars when you are even using the electricity from the "dirty grid" - when energy mix includes a substantial part of fossil fuels sources. 

In countries like Sweden and France where the energy mix is greener, the benefits of electric cars including the full life cycle starting from production can be as high as 70% compared to "Clean DIEsel" and "Not So Clean Petrol" cars. To be honest with you, I thought that we have passed this stage many years ago with my brave offer to any auto executives to spend a night in the closed garage with a running ICE engine, while I will be in another garage with "running electric motor" of an electric car. So far there were no takers of my proposal."

At TNR Gold, we are one more extremely important step closer to the potential royalty cash flow stream. We have reported a 250% increase in lIthium resources at Mariana Lithium Project in February and now Ganfeng Lithium has reported in there Annual Report 2019:

TNR Gold Royalty Holding On Mariana Lithium Project Operated By Ganfeng: Lithium Resource Increased By More Than 250%, "USD $25 Million Budget Is Proposed For 2020".

Talking about the massive switch to the production of electric cars we must address the secure lithium supply for this exponential growth. This is where TNR Gold Royalty Holding and our strategic partner Ganfeng Lithium are coming into the picture. Among with all doom and gloom, we have the Catalyst in place for GEM Royalty TNR Gold and our very own set of great news this year. In February we have announced:

"Kirill Klip, Executive Chairman of the Company commented, “We are very pleased to see this more than 250% increase in measured and indicated resources from the 2017 resource estimate at Mariana and that Ganfeng Lithium is advancing this project in Argentina towards further updated PEA and pre-feasibility studies. The Mariana Project preliminary economic assessment (“PEA”), as announced in our news release of January 28, 2019, was the first PEA on the project that provided a potential value for the total NSR Royalty from Mariana’s life of mine cashflow. TNR Gold does not have to contribute any capital for development of Mariana and our NSR Royalty does not depend on the size of ILC’s potentially diluted ownership in the Mariana Project. The 1.8% Mariana NSR Royalty is an important part of TNR Gold’s portfolio. 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.”

ElecTrek:

Tesla Model 3 emits 65% less lifetime emissions than Mercedes-Benz C-Class, study shows

"A new study looked into the lifetime emissions of electric vehicles versus gas-powered counterparts and concluded that Tesla Model 3 emits about 65% less lifetime emissions than the Mercedes-Benz C-Class.

For years, automakers and the fossil fuel industry have pushed the idea that electric vehicles are worse for the environment than diesel and gasoline-powered vehicles because they are powered by dirty electricity.

Such a study came out of Germany last year and it was highly cited in the media even though it had significant flaws and it was mostly debunked.

Now a new study coming from Eindhoven University of Technology broke down in detail the mistakes made in the original study and shows how electric vehicles produce less emissions over their lifetimes even after accounting for the production phase.

The new study has specifically highlighted 6 mistakes made in the studies finding that EVs emits more pollution than gasoline cars:

1. Exaggerate GHG emissions of battery production
2. Underestimate battery lifetime
3. Assume electricity will not get cleaner over the lifetime of the car
4. Use laboratory tests paid for by manufacturers themselves
5. Exclude or downplay fuel production emissions
6. Ignore the larger system"

 

Gold In The USA, Alaskan Elephant Country: "NovaGold And Barrick Are Praising The Results From Donlin Gold’s Most Ambitious Drilling Project To Date".

I would like to share with you today a few very important confirmations which we observed this week. Gold continues to act as The Ultimate Hedge during all market turmoils and is holding well above $1,922 with a weekly close at $1,935. 

Chart by @Northst18363337

Gold is building a huge Cup and Handle formation above the previous all-time high reached at $1,922 in 2011. FED is pushing its inflation switch ON and help us God when they will succeed pushing us all from the cliff with inflation accelerating above the "average 2%".

Another important observation will be that even the best trees are not growing straight up into the sky. Tesla served shorts roasted and delivered quite a few moments of bliss to all engaged before its stock started pulling back this week. 

Please do not miss a truly tectonic shift in the auto industry happening behind all this drama entertained by the bored with all-time highs Mr Market. Elon Musk's visit to Volkswagen and test driving of VW ID electric cars will signify this life after death experience for all legacy automakers. 

The message from Tesla Gigafactory 4 in the very heart of the motherland for iconic legacy auto brands is loud and clear: change or die altogether in the fumes of your DIEselGate. 

And the most important for us here is another confirmation from the great state of Alaska delivered by Alaska Public Media:

"In recent earnings calls, the two Canadian companies developing the Donlin mine, NovaGold and Barrick, are praising the results from Donlin Gold’s most ambitious drilling project to date. Melanie Hennessy, NovaGold’s vice president of corporate communications, said that it shows that both companies are serious about the mine’s potential.

“There is alignment between both companies on the direction and continuing focus on advancement of Donlin Gold,” said Hennessy.

In an earnings call back in March, Barrick Gold CEO Mark Bristow said that the Donlin Gold mine did not meet its criteria to build in its 10 year plan. In May, a short selling financial research firm cited Barrick’s hesitation in a report that shed doubt on the future of the mine. 

Now, a few months later, Barrick and Novagold appear pleased with the results from the drilling program so far, according to a transcript from Barrick Gold’s latest earnings call.

Barrick Gold CEO Mark Bristow told investors, “It’s a key project for Barrick, and very valuable today.”

"But back to Barrick Gold and why "Investors are coming home", as Thomas Kaplan, Chairman of NovaGold put it? We have Peak Gold. Gold miners need new new “Elephant” projects to replenish the declining resource base. They need new giant projects just to keep Gold production at the same annual rate. 

In his recent interview on CNBC, Mark Bristow has acknowledged that even if the Barrick Gold’s official Gold price is still $1,200 for all planning purposes, “they are using now $1,500 as the indication for a mid-term time horizon.” It will not escape your attention that nobody will be buying out Barrick Gold, probably, this year, but they will have to buy themselves something big and promising. Who will be talking the Gold price up going into the M&A market as the buyer? All recent developments around NovaGold, which we have discussed in great detail with you here, are pointing us to the brave scientific question for a pure curiosity pleasure at this stage. Who will buy NovaGold first in the fight for the solid lead as the number 1 Gold mining company in the world? Will it be Newmont Mining or will Mark Bristow conclude the “unfinished business” of the previous unsuccessful buy out attempt and will finally bring Donlin Gold “back home”? In the world moving super crazy fast into the $3,000 Gold as a new normal, for me, this is just a question of time now. Nor Barrick Gold neither Newmont Mining can afford to lose Donlin Gold to each other without a walk over effectively from the race for the crown of the world’s top Gold miner." 

Mark Bristow: "Donlin Gold Is A Key Project For Barrick". Gold In The USA, The Alaskan Elephant Country: TNR Gold Shotgun Gold Project Presentation.

Joe Rogan, Elon Musk, Pyramids and mushroom trips nailed the local top for our young Gold Bull market at $2,078. The correction was fast and furious with Gold hitting a low of $1,870 this night. Now it is already snapping back and trading at $1,930. Let's see how really strong is this young Gold Bull. We are moving into a huge Cup and Handle formation with the handle to be built around $1,920 - the previous all-time high in 2011.

On a serious note, 'they' cannot afford Gold and aliens in one article. The system will blow up. Be ready.

For all people who prefer the more tangible news for the real hard assets, Mark Bristow confirms that Donlin Gold JV project with NovaGold in Alaska is currently a key project for Barrick Gold. You already know our strategy: to find all Gold that we have with a very strong strategic partner who has the capital and knows how to find it all in Alaska. NovaGold holds a stake in our Company and we are ready now for a major Gold mining company level due diligence with our freshly printed maps with Shotgun Gold mining claims in the great state of Alaska.

“The times in which we find ourselves bring the mining industry face to face with some particular challenges, but it is within which lies the opportunity of embracing gold’s unique value through which it reminds us of its ultimate purpose; its solid, dependable reliability throughout uncertain times that makes it such an ultimate hedge. TNR Gold’s strategy with the Shotgun Gold Project is to attract a partnership with one of the major gold mining companies. The Company is actively introducing the project to interested parties,” commented Kirill Klip, Executive Chairman of TNR. “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 that shares our vision and recognizes the growth potential and value to be added to the Shotgun project over time.”

Kirill Klip continued, “We are building the green energy metals and gold company. Energy rEVolution requires secure supply lines of the critical strategic metals like copper and lithium. Our forward-thinking approach allows us to integrate our company into the international capital markets and mining industry in order to accelerate the development of Shotgun Gold Project and extend our royalty portfolio in Green Energy Metals, potentially adding to our core royalty holdings on the Los Azules Copper Project with McEwen Mining and the Mariana Lithium Project under the management of Ganfeng Lithium.” 

TNR Gold Shotgun Gold Project Presentation from Kirill Klip

Please visit the TNR Gold website for all updated presentations.

Please always read legal disclaimer. There is NO investment advice on any Kirill Klip feeds and blog. Always consult a qualified financial adviser before any investment decisions. 

Do Your Own Research.