TNR Gold eyes first royalty payment following Mariana Lithium shipment

TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) has welcomed the quality that Ganfeng Lithium’s subsidiary Litio Minera Argentina S.A. has completed the archetypal export of lithium chloride from the Mariana Lithium Project successful Argentina, connected which TNR holds a 1.5% nett smelter instrumentality (NSR) royalty.

According to the update, Litio Minera Argentina shipped 10 containers of lithium chloride from its last processing works successful General Güemes, Salta Province. Each instrumentality carried 24 tonnes, for a full shipment of 240 tonnes. Customs verification was conducted astatine the processing facility.

“For the sector, this sets a high-value operational precedent with integrated control, quality, and traceability,” Litio Minera Argentina S.A. said successful a statement. “For the community, this measurement means much than conscionable a shipment: it is confirmation that Salta tin export to the satellite with its ain identity, with a accumulation web that involves section stakeholders, and with a strategical mineral for the planetary vigor transition."

Litio Minera Argentina S.A. said the Mariana Project is among the archetypal lithium chloride producers successful Argentina. Production begins astatine the Llullaillaco Salt Flat, wherever pre-processing ponds and wells are located, and concludes astatine the General Güemes plant, from which the export originated. The shipment was transported by obstruction with enactment from section trucking companies.

TNR Gold congratulated the Ganfeng Lithium squad and the communities of Argentina connected completing the archetypal shipment of high-purity lithium chloride from the Mariana Lithium Project. The institution described the export arsenic a large milestone successful the project’s improvement and an important measurement for TNR Gold arsenic it moves toward generating currency travel from its royalty interests.

TNR Gold besides noted that lithium prices successful China person recovered significantly, with lithium carbonate equivalent (LCE) presently trading betwixt astir US$18,000 and US$20,000 per tonne, compared with levels beneath US$10,000 per tonne astir a twelvemonth ago. The institution said this marketplace betterment underscores the strategical timing of the accumulation ramp-up.

"We are precise pleased that Ganfeng completed the archetypal export of lithium chloride produced from Mariana Lithium successful Argentina," TNR Gold's enforcement president Kirill Klip said. "We are looking guardant to our archetypal NSR royalty currency travel payments from the Mariana Lithium Project."