TNR Gold Corp has announced a pivotal development in its Mariana lithium project located in Argentina, with the company poised to commence its first royalty stream later this year. This milestone underscores TNR Gold Corp's strategic ambitions to cement its presence in the green energy metals royalty and gold sector, as articulated by Executive chairman Kirill Klip.
The Mariana lithium project, under the ownership of Ganfeng Lithium, has been operational since January 2023. It is currently advancing towards its initial lithium production phase, with a focus on enhancing lithium concentration and building facilities designed for lithium chloride production. The project aims for an annual output of 20,000 tonnes, with operations fully supported by renewable energy. A 120-megawatt solar power plant is in development, with plans to increase capacity to 150 megawatts, aligning with global sustainability goals.
Klip also pointed to the improved business climate in Argentina under its new presidency, which has become increasingly conducive to mining investments. This favorable environment benefits TNR Gold Corp, which also holds a royalty on another major project in the country, reinforcing its strategic foothold in Argentina's mining sector.
Discussing the lithium market, Klip acknowledged the current price volatility but emphasized the expected market recovery and a structural deficit, citing significant analysts' underestimation of supply. The Mariana lithium project is strategically positioned to produce lithium chloride, a critical component for the next generation of lithium solid-state batteries. These batteries are anticipated to significantly improve the efficiency and range of electric vehicles, marking a leap forward in the transition to sustainable transportation.
For more information on the Mariana lithium project, visit https://www.tnrgoldcorp.com.
