We are very fortunate at TNR Gold and International Lithium to have our very strong core partners who are supporting us through thick and thin. Today I am very pleased that Gary and myself are opening the new chapter in TNR Gold's history and we will move forward our Energy Metals Royalty Company business plan forward. We have managed to protect and even built new assets for all our shareholders at TNR Gold during this recent massacre in junior mining and commodities sectors.
Even if markets are not there to appreciate it we still have everything we fought so hard for: Royalty in one of the world's largest Los Azules Copper deposit in Argentina, Shotgun Gold project in Alaska and our Stake in International Lithium. We are coming back in business with TNR Gold and now we have time to monetise our assets and capitalise on the Mega Trend I am writing here about: Next Industrial Energy rEVolution powered by Lithium Technology. Electric Cars, Solar and Wind power generation and distribution are demanding a lot of Copper and Gold will not only provide the best conductivity and connections, but one day will shine as the one and only true money without anyone obligation.
Please check carefully my legal disclaimer and never make any investment decisions without consulting your qualified financial adviser.
And now here we go: Rob McEwen Mr Goldcorp himself is on the road to the economic recovery in Argentina and is working on the giant Los Azules Copper to make it the success story for the proud people of Argentina. I would like to use this opportunity and send my very warm regards and the best wishes for the New Year 2016 to Rob and all his Team at McEwen Mining from all of us at TNR Gold!
Please carefully read my legal disclaimer and nothing on this educational blog must be taken as an investment advice. Always consult your qualified financial adviser before any investment decisions.
Orocobre has issued a very interesting news release describing the recent changes in Argentina. I would like to use this opportunity and wish to all proud people of Argentina Merry Christmas and Happy New Year! You deserve it - take your country back now!
Please read carefully my legal disclaimer. Please be advised that NI 43-101 qualified person at TNR Gold and International Lithium has not reviewed any data provided by Orocobre and it should not be relied upon in any financial decisions. Please always consult with your preferred qualified financial adviser.
Mr. Kirill Klip, President, International Lithium Corp. comments, "We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products." Read more.
Today I would like to share with you the article written by very talented member of TNR Gold Team Roberto Lara from Argentina. Proud people of Argentina are looking for a change coming to that beautiful country and this report from the ground brings the great energy of the coming spring after the very long winter. Please carefully read my disclaimer and always consult you preferred qualified financial adviser. Read more.
I hope that this excitement will get to our companies as well one day! We are ready, we have not only saved our assets, but built new business in Argentina with Ganfeng Lithium - $2.5 Billon market cap giant from China, which is financing International Lithium Mariana J/V project in Argentina.
The proud people of Argentina are taking their country back! Nobody knows the future, but now we have the hope that conservative Mauricio Macri will bring his country back where it belongs on the international arena. I expect that now, finally, country risk will become the huge value catalysis.
TNR Gold holds:
1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;
3. 25.5% in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by giant from China - Ganfeng Lithium.
Please carefully read my legal disclaimer and you can find all latest financial information about TNR Gold and International Lithium on SEDAR. Please never make any investment decisions without consulting with your preferred qualified financial adviser. Read more.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."
Vancouver, B.C. January 05, 2016, TNR Gold Corp. (the "Company" or "TNR) (TSX VENTURE:TNR.V) announces that it has significantly restructured its indebtedness to a private backer who advanced a $3.5 million loan to the Company in May 2012. Instead of repayment by December 31, 2015, the Company and the lender have agreed to extend the due date of the loan to December 31, 2018.
The outstanding indebtedness of approximately $4.3 million will bear interest at the rate of 10% per annum, with interest payable at maturity. In consideration of the restructuring, which will allow the Company to pursue its business and seek strategic transactions for its mineral property assets, the lender will also receive a 10% direct or indirect interest in the following assets of the Company: (NYSE:A) the Company's net smelter royalty (0.4%) in the Los Azules copper project in Argentina held through an NSR Royalty Agreement dated October 29, 2014 between Compañía Minera Solitario Argentina S.A. and Andes Corporacion Minera S.A.; (NYSE:B) the Company's net smelter royalty (2.0%) in the Mariana Lithium project in Argentina held through an option agreement dated May 19, 2011 among TNR, Compañía Minera Solitario Argentina S.A., International Lithium Corp. and Litio Minera Argentina S.A.; and (NYSE:C) the mineral claims comprising the Shotgun property in Alaska.
Over the past twenty-one years TNR, through its lead generator business model, has been successful in generating high quality exploration projects around the globe. With the Company's expertise, resources and industry network, it is well positioned to aggressively identify, source, explore, partner and continue to expand its project portfolio.
TNR is also a major shareholder of International Lithium Corp. (TSX:ILC.V) ("ILC"), a company created by TNR to advance its internationally acquired lithium prospects. TNR currently holds about 23.3% of the outstanding shares of ILC.
At its core, TNR provides significant exposure to gold and copper through its holdings in Alaska and Argentina and is committed to continued generation of in-demand projects, while diversifying its markets and building shareholder value.
For further details please see our website at
On behalf of the board,
Disclosure: I am/we are long TRRXF, ILHMF.