TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) (TSX-V:TNR, FRA:TNW, OTC:TRRXF) Kirill Klip joins Proactive London to discuss the news that Ganfeng Lithium has consolidated 100% ownership of the Mariana Lithium project in Argentina.
In 2009, TNR founded International Lithium (TSX-V:ILC) (TSX-V:ILC) Corp (ILC), which owned the Mariana Lithium project in Salta Province, Argentina, and TNR retains a 1.8% net smelter returns (NSR) royalty on the asset.
Ganfeng Lithium has now purchased ILC's remaining 8.58% stake in the subsidiary, which owns the project. ILC has also sold its other rights in the project, including the right to acquire a further 10%.