TNR Gold is our Holding Company. We have already started our discussion aboutInternational Lithium with its Strategic Partner Ganfeng Lithium - top world-wide integrated Lithium Materials Producer from China. TNR Gold holds 25.5% stake in International Lithium and Ganfeng Lithium holds 17.5%. In addition to equity stake TNR Gold holds a Royalty on Mariana Lithium Potash Brine project in Argentina.
Maybe you have heard about our legal battle for the Los Azules Copper project in Argentina? Gary Schellenberg, our founder, have found this prospect in Argentina at the turn of the century and now it has grown into The One of The Largest Copper Deposits of The World, according to McEwen Mining!
After our settlement with McEwen Mining TNR Gold has reinstated its Back-In Right to the Northern Part of the project and received 1 million shares of McEwen Mining. You can find more information in our Q&A on the Los Azules Settlement and in presentation below. All technical information is presented very good at McEwen Mining - The Operator on Los Azules, and it is always a great idea to give us a call or just contact me directly to get the latest info. We have hired PI Financial to market our Los Azules assets and now the time is coming to receive the benefits of this world class asset.
I personally find it very positive that Chinese Minmetal Group has purchased huge Las Bambas Copper project from Glencore a few weeks ago for $5.85 B. All copper market M&A activity is getting the very positive vibe now and it will help us to work with Los Azules Copper asset. Our strong ties to China with International Lithium help us to open the doors and news about "Chinalco Mining Sets Sights On Copper Projects In Latin America" are very positive as well.
Argentina was not the best place for mining for the last couple of years, but now I can see a lot of positive developments. After Repsoil compensation, Chevron has stricken major deal for Shale Gas and Oil development. Yamana Gold, Gold Corp, Silver Standard - all have commented positively on Argentina mining climate recently and continue their investments in the country. Going forward it should improve the valuations and investment appetite for the projects like Los Azules. The sale of our Back-in Right will provide the necessary liquidity and catalyst to all of our group of companies. Rob McEwen has done a great job as Operator developing this project and now Los Azules is at the top of the list of the best copper projects in the world available for sale, according to PI Financial! I would recommend to contact Jim Mustard VP at PI Financial to get more information about Los Azules Copper project and our Back-In Right Asset.
Our Shotgun Gold project in Alaska is presented in the presentation below and you can find the more detailed Shotgun Gold Project presentation on our website. I will discuss it in my other post and today will tell you that we have released the first resource estimation last year and working now with Gold Industry and Private Equity Groups in order to create the strategic partnership and advance this project forward.
Interested in our projects? Have some ideas or just questions - find me on LinkedIn, Twitter: follow and ask the questions - I am here to answer!
Disclosure: I am long ILHMF, TRRXF, MUX.