TNR Gold Reports First Mariana Lithium Chloride Export Under 1.5% NSR Royalty

Reuters
Yesterday
TNR Gold Reports First Mariana Lithium Chloride Export Under 1.5% NSR Royalty

TNR Gold Corp. reported that Litio Minera Argentina S.A., a subsidiary of Ganfeng Lithium, completed the first export of lithium chloride from the Mariana Lithium Project in Salta Province, Argentina. The shipment totaled 240 tonnes, structured in 10 containers of 24 tonnes each, dispatched from the General Güemes processing facility; transport was carried out by train with truck support, and customs verification was performed at the plant. TNR said it holds a 1.5% net smelter return $(NSR)$ royalty on the Mariana Lithium Project, with 0.15% held on behalf of a shareholder. The company also cited a recovery in lithium prices in China, noting lithium carbonate equivalent trading at approximately $18,000–$20,000 per tonne versus levels below $10,000 per tonne about one year earlier.

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