TNR Gold Corp.
Imminent Royalty Revenue from Ganfeng’s Mariana Project
Published: 2/13/2025
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:TNR.V - NEO 🔹TRRXF - NASDAQ 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.06 |
| Fair Value | CAD $0.28 |
| Risk | 5 |
| 52 Week Range | CAD $ |
| Shares O/S (M) | 190 |
| Market Cap. (M) | CAD $10 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | N/A |
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Report Highlights
- TNR’s portfolio primarily consists of a gold project in Alaska (Shotgun), and royalties in two advanced-stage projects in Argentina, including the Mariana lithium project owned by Ganfeng Lithium (SZSE: 002460/MCAP: $12B), and the Los Azules copper-gold project owned by McEwen Copper.
- In July 2024, Argentina introduced the Large Investment Incentive Regime (RIGI) to attract foreign investment in key sectors such as mining, energy, and infrastructure. The program offers tax breaks, customs incentives, and legal stability to investors in large-scale projects, aiming to position Argentina as a more competitive destination for mining investments.
- Ganfeng is set to start commercial production at its Mariana lithium project this month. We are projecting annual royalty revenue of $1.2M for TNR at current spot lithium prices. Royalty paym
