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TNR Gold NSR Royalty Update - Ganfeng's Mariana Lithium - Expected to Commence Production in 2024
Vancouver, British Columbia--(Newsfile Corp. - May 2, 2023) - TNR Gold Corp. (TSXV: TNR) (" T...
About this update from Tnr Gold Corp.
[{"type":"text","content":"TNR Gold NSR Royalty Update - Ganfeng's Mariana Lithium - Expected to Commence Production in 2024Vancouver, British Columbia--(Newsfile Corp. - May 2, 2023) - TNR Gold Corp. (TSXV: TNR) (\"TNR\", \"TNR Gold\" or the \"Company\") is pleased to announce that Ganfeng Lithium (\"Ganfeng Lithium\") has provided an update on the Mariana Lithium Project. TNR holds a 1.5% NSR Royalty on the Mariana Lithium Project in Argentina, of which 0.15% NSR Royalty is held on behalf of a shareholder.In its 2022 Annual Report, Ganfeng Lithium reported:\"The Mariana lithium salt lake project in Argentina is progressing smoothly at present, the first evaporation pond of which has been in the stage of water injection. It is expected that the project will commence production in 2024.\" Kirill Klip, TNR's Chief Executive Officer commented, \"We are very pleased that Mariana Lithium Project is progressing smoothly towards expected commercial production in 2024.\"Representatives of Ganfeng Lithium confirmed to the Governor of Salta Gustavo Sáenz that the Mariana Project, on which construction began last June, will start producing, in 2024, an estimated 20 thousand tons per year of lithium chloride. The Government of Salta has reported on Ganfeng Lithium's announcement that the operational phase of the Mariana Lithium Project began in January 2023.\"TNR does not have to contribute any capital for the development of the Mariana Project. 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.\"ABOUT TNR GOLD CORP. TNR Gold Corp. is working to become the green energy metals royalty and gold company.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 power of blue-sky discovery and important partnerships with industry leaders as operators on the projects that have the potential to generate royalty cashflows that will contribute significant value for our shareholders. Over the past twenty-seven ...