TNR Gold Approaches First Royalty Payment from Mariana Lithium Project
TNR Gold Corp is nearing its first royalty payment from the Mariana lithium project in Argentina, a significant milestone for the company. Executive Chairman Kirill Klip highlighted that Ganfeng Lithium has begun production and exported its first batch of lithium chloride at Mariana, signaling progress toward TNR's transition into a cash-generating royalty business. Klip also noted increased institutional support from Altius Minerals, which raised its stake to 30.9 million shares through open-market purchases. This investment is seen as validation for the company’s strategy in energy metals and gold royalties. Additionally, developments at TNR's Los Azules copper project show improved economics due to rising copper prices, with potential interest from Rio Tinto.
Tickers: $ATUSF
Topics: Lithium Mining Royalties Project Updates