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TNR Gold NSR Royalty Update - Ganfeng Reaffirmed Its Plans to Start Production at Mariana Lithium by the End of 2024
Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - TNR Gold Corp. (TSXV: TNR)...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold NSR Royalty Update - Ganfeng Reaffirmed Its Plans to Start Production at Mariana Lithium by the End of 2024Vancouver, British Columbia--(Newsfile Corp. - November 18, 2024) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that Ganfeng Lithium has provided an update on the Mariana Lithium Project in Argentina. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project, of which a 0.15% NSR Royalty is held on behalf of a shareholder.Ganfeng Lithium has announced in its Interim Report published on September 30, 2024, that it continues to advance the construction of the Mariana Lithium Project. Ganfeng reaffirmed its plans to start production by the end of 2024.\"We are building the green energy metals royalty and gold company,\" commented Kirill Klip, Executive Chairman of TNR Gold. \"Our business model provides a unique entry point in the creation of supply chains for critical materials like energy metals that are powering the energy rEVolution, and the gold industry that is providing a hedge for this stage of the economic cycle.\"Our portfolio provides a unique combination of assets with exposure to multiple aspects of the mining cycle; the potential of blue-sky discovery at Shotgun Gold Project, and important partnerships with industry leaders Like Ganfeng Lithium, McEwen Mining and Lundin Mining as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for the Company.\"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 very pleased that the Mariana Lithium Project is progressing smoothly towards commercial production scheduled for 2024. At the 13th International Seminar on Lithium in South America, organized in Jujuy by Panorama Minero, the President of Ganfeng's subsidiary Litio Minera Argentina S.A., Jason Luo confirmed that \"the production phase will begin at the end of 2024\". Representatives of Ganfeng Lithium also confirmed to the Governor of Salta Gustavo Sáenz th...