TNR Gold is set to receive its first royalty payment from the Mariana Lithium Project, as Ganfeng Lithium has begun production and exports.
Kirill Klip, Executive Chairman of TNR Gold Corp (TSX-V:TNR), stated that as Ganfeng Lithium, the operator of TNR Gold’s Mariana lithium project in Argentina, has begun producing and exporting its first batch of lithium chloride, TNR Gold is nearing the receipt of its first royalty payment from the project. Klip noted that this is a significant milestone for the company, one that is expected to transform it from a project-generating royalty company into a cash-flow-generating royalty company. Additionally, Altius Minerals has increased its stake in TNR Gold to 30,935,000 shares, demonstrating its endorsement of the company’s royalty strategy.
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