Back into the Future
Lithium Will Power Us for the Next 50 Years
and then Robots
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
1
Energy rEVolution
The World Just Before the INTERNET
The future is already here, not everybody can see it yet.
Technology to stop burning oil is here and it is beautiful.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
2
Back into the Future
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
3
Legal Disclaimer
All information about Ganfeng Lithium presented using
publicly available data.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
4
Legal Disclaimer for the US
Please read legal disclaimers. There is no investment advice in this
presentation. Always consult your qualified financial adviser.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
5
Tesla Optimus
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
6
Tesla Optimus
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
7
Tesla Optimus
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
8
Tesla Optimus
The future is already here, not everybody can see it yet, but
megatrends are manifesting themselves. rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
9
Elon Musk & Lithium
CNBC: “Elon Musk says Tesla may have to get into the
Lithium business because cost are so “insane”.
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Lithium February 2023
10
Lithium ATH
Bloomberg: “Powerful Rally”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
11
Elon Musk & Lithium
Elon Musk: “It is looking increasingly like … that Tesla
will need to get into the Mining Business”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
12
The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
13
TNR Gold Holds NSR
Royalty on
Mariana Lithium,
Argentina.
Ganfeng Lithium Operator
14
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
15
Lithium Salars
Mariana Lithium Project – Salar Llullaillaco.
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Lithium February 2023
16
Ganfeng to Invest US$600M
Ganfeng will install 150MW Solar Park at
Mariana Lithium. (CGI)
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
17
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
18
Ganfeng to Invest US$600M
El Pregon Minera: ”The Operational Phase of the Marina
Project Began”.
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Lithium February 2023
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TNR Gold Corp.
Northstar: TNR Gold Corp.
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20
Clean Air
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21
DIEselGate
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22
EVs: The End of the ICE Age
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Lithium February 2023
23
Electric Cars: Safety & Personal Freedom
Electric Cars provide health safety, personal freedom
and reduce carbon footprint.
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Lithium February 2023
24
Electric Cars Are Cleaner Than ICE
By 2019, lifecycle EV emissions were around 3 times
lower than ICE conventional car.
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Lithium February 2023
25
Electric Cars Are Cleaner Than ICE
Lifecycle greenhouse gas emissions: ICE conventional
vs. Tesla (US battery).
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Lithium February 2023
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Electric Cars Are Cleaner Than ICE
Life Cycle Global Warming Emissions: EVs vs. Gasoline
Cars and Trucks.
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Lithium February 2023
27
Electric Cars Are Cleaner Than ICE
CleanTechnica: Tesla Model 3 lifetime emissions are
65% less than Mercedes C class.
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Lithium February 2023
28
Energy rEVolution
The World Just Before the INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
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Lithium February 2023
29
The End of the ICE Age &
Oil Domination
For centuries we have been burning things just to get some energy.
It has been mostly Oil for the last 100 years.
Not Anymore.
We do not have to burn things.
Electricity is the most efficient form of Energy known to humans.
And now we can Store It and USE IT When We Want.
Cheap Lithium Batteries Change Everything.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
30
Tesla Model S
Before we had the best Electric Cars & affordable EVs.
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Lithium February 2023
31
Tesla Model 3
Before we had the best Electric Cars & affordable EVs. Now
we have the first best & more affordable Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
32
The End of the ICE Age
Tesla Model S was an earthquake, followed by tsunami
of Model 3. Model Y will end The ICE Age.
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Lithium February 2023
33
The End of the ICE Age
Tesla Model S was an earthquake, followed by tsunami
of Model 3. Model Y will end The ICE Age. On the roads.
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Lithium February 2023
34
Tesla 2022
Tesla delivers 3 million electric cars.
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Tesla 2022
Statista: Tesla Vehicles Deliveries 2012 - 2022.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
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Tesla 2022
Statista: Tesla Vehicles Deliveries 2012 - 2022.
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Lithium February 2023
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Tesla Shattered Legacy Autos
Tesla shattered legacy automakers.
(Chart by Holger Zschaepitz)
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Tesla 2021
Tesla vs. Legacy Automakers.
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Tesla’s Vertical Landing
Tesla’s vertical landing.
(Chart by Holger Zschaepitz)
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Lithium February 2023
40
Tesla Dumps Bitcoin
CNBC: “Tesla has dumped 75% of its bitcoin holdings”.
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Lithium February 2023
41
Tesla and Competition
Tesla Team must concentrate on EVs production
execution to justify its valuation.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
42
Tesla’s Vertical Landing
Tesla in Ludicrous Crypto FSD Mode: FUD, Sweat and Tears.
(Chart by Holger Zschaepitz)
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
43
Tesla’s Vertical Landing
Tesla in Ludicrous Crypto FSD Mode: FUD, Sweat and Tears.
(Chart by Holger Zschaepitz)
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
44
Tesla’s Vertical Landing
Bloomberg: “Tesla’s Big Step Up in Production”.
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Lithium February 2023
45
Tesla’s Vertical Landing
Tesla is back on the launch pad.
(Chart by Bloomberg)
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Lithium February 2023
46
Tesla and Competition
Volkswagen accelerates battery EV production.
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Lithium February 2023
47
Tesla Semi
Tesla Semi is testing new limits for Electric Cars
technology.
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Lithium February 2023
48
Electric Trucks
T&E: “Electric trucks can go the distance”.
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Lithium February 2023
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Cheaper Lithium Batteries Change
Everything
Advanced materials are the base of Energy rEVolution.
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Lithium February 2023
50
Cheaper Lithium Batteries Change
Everything
Advanced materials are the base of Energy rEVolution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
51
Cheaper Lithium Batteries Change
Everything
BNEF: “Estimated cost of VW’s future battery packs”.
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Lithium February 2023
52
Total Cost of Ownership Is Lower
with EVs
CleanTechnica: “Large auto leasing company - Electric
Cars have mostly lower total cost In Europe”.
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Lithium February 2023
53
Total Cost of Ownership Is Lower
with EVs
BNEF: “Light electric vans and trucks are already
competitive in some markets”.
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Lithium February 2023
54
Maintenance Is Lower with EVs
CleanTechnica: Electric Cars repair and maintenance
cost is 50% lower than ICE cars.
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Lithium February 2023
55
Maintenance Is Lower with EVs
Energy.gov: Electric Cars maintenance cost is lower
than ICE cars.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
56
Electric Vans Cheaper
T&E: “Electric vans cheaper than DIEsel for all users”.
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Lithium February 2023
57
EV & ICE Car Cost Parity
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
58
EV & ICE Car Cost Parity
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
59
EV & ICE Cost Parity
T&E: “EVs will be cheaper than fossil-fuel vehicles in
Europe by 2025-2027”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
60
Tesla Battery Day
We are closing on EV & ICE car cost parity.
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Lithium February 2023
61
Tesla Battery Day
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
62
EV & ICE Car Cost Parity
We are closing on EV & ICE car cost parity.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
63
Tesla Ahead of the Curve
Catalyst: Elon Musk talks about Lithium cells cost &
battery packs below $100 per kWh.
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Lithium February 2023
64
Lithium Battery Prices
BNEF: “Hit the Brakes”.
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Lithium February 2023
65
The End of the ICE Age
Tesla $25,000 Electric Car.
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Lithium February 2023
66
The End of the ICE Age
Tesla $25,000 Electric Car.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
67
Tesla Energy rEVolution
Tesla’s rEVolution contribution.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
68
Tesla Energy rEVolution
Electric Cars are coming much faster than a lot of
people are anticipating it.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
69
Tesla Energy rEVolution
Electric Cars are coming much faster than a lot of
people are anticipating it.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
70
Not Just Tesla Anymore
S&P: “Automakers’ investments in next-generation
vehicles to exceed $500B by 2030”.
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Lithium February 2023
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The Switch: Mass Market for EVs
Now all automakers are rushing to catch up with Tesla.
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Lithium February 2023
72
The Switch: The End of the ICE Age
China’s ICE engines passenger vehicles sales
collapsed.
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Lithium February 2023
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The Switch Flipped
Electric Cars are forecast to account for all the growth
in passenger vehicles sales from 2023.
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Lithium February 2023
74
Mercedes Kills ICE Engines
Daimler stops developing new generations of ICE
engines and will concentrate on electric powertrains.
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Lithium February 2023
75
The Switch Flipped
Global sales of traditional fuel-powered cars and trucks
may have already peaked.
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Lithium February 2023
76
The Switch Flipped
EV sales to grow on price parity, new models.
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Lithium February 2023
77
The Switch Flipped
EV sales to grow on price parity, new models.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
78
Electric Surge
Bloomberg: “DIEsel is being eclipsed by Electric Cars in
Europe”.
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Lithium February 2023
79
Peak ICE Is Behind Us
Bloomberg: “Peak ICE Is Behind Us”.
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Lithium February 2023
80
Global Electric Vehicles Sales
Bloomberg: “Passenger EVs sales as a percentage of
total sales, quarterly”.
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Lithium February 2023
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Peak ICE Is Behind Us
Bloomberg: “Peak ICE Is Behind Us”.
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Lithium February 2023
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Global Electric Vehicles Sales
Statista & Forbes: “EVs Market to Hit Ludicrous Mode ”.
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by drivetrain”.
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Lithium February 2023
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”.
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”.
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”.
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”.
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88
EVs Sales Soar in the UK
Bloomberg: “EVs Sales Soar in the UK”.
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Global Electric Vehicles Fleet
BNEF: “Global EV fleet set to top 25 million in 2022”.
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Norway Electric Cars Sales
BNEF: “How Fast Is the Switch to Electric Cars?”
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Global Electric Vehicles Fleet
BNEF: “Global EV fleet set to top 25 million in 2022”.
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Global Electric Vehicles Sales
BNEF: “Global passenger EVs sales by region”.
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My 20/200 Formula
The Switch: we are getting there - mass market for EVs
USD$20k buys you BMW 2 style EV with 200 miles range.
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Electric Vehicles Sales
Elements: “10 Years of Global EV Sales”.
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China Bets on Electric Cars
Projected percent composition of passenger vehicles in
China over the next two decades.
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China’s State Grid Is
Getting Ready For 100
Million Electric Cars By
2030
Can We Reach 200 Million EVs Globally
by That Time?
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China’s EV Growth
S&P Global: “China’s Explosive EV Growth to Stay on
Track”.
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China’s EV Share
BNEF: “China’s EV share of passenger car segments”.
Kirill Klip GEM Royalty TNR Gold
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EVs in China
BNEF: “Chinese sales of NEV”.
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EVs in China
Bloomberg: “Soaring Export Sales”.
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101
Tesla Comes to China
Shanghai welcomes Elon Musk and Tesla Gigafactory 3.
Transfer of technology is unavoidable.
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Tesla Gigafactory 3, China
Tesla’s $2B China Gigafactory covers the size of 121
football pitches, aimed to make 3k EVs a week.
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Tesla Gigafactory 3, China
Tesla’s $2B China Gigafactory: “machine is building
machines”, reached 8k EVs a week capacity in 2020.
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Tesla Gigafactory 3, China
Tesla’s China Gigafactory: “Machine is building
machines”, prepares 21k EVs a week capacity in 2022.
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Tesla Gigafactory 4, Germany
Germany welcomes Tesla Gigafactory 4!
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Tesla Gigafactory 4, Germany
Tesla comes to the motherland of the iconic legacy
automakers and will keep them on their toes.
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Tesla Gigafactory 5, Texas!
Tesla selected Texas as location for its Cybertruck
Gigafactory 5.
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Tesla Gigafactory 5, Texas!
Tesla selected Texas as location for its Cybertruck
Gigafactory 5.
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Rivian
New players are coming in. Rivian is backed by
Amazon and Ford.
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Hummer
GM launches Electric Hummer.
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Ford F-150 Electric
Ford launches Electric F-150 Lightning.
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Tesla Energy rEVolution
We must stop burning oil. Solar and Wind.
Electricity.
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Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
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Energy Storage
Wood Mackenzie: “Percentage of Distributed Solar
Systems Paired with Energy Storage”.
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Lithium Batteries
BNEF: “Clear Leader”.
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Lithium Batteries Boom
Demand for Lithium batteries is forecast to surge.
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EVs & Mining
Mining makes the cars of today and tomorrow possible.
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Energy & Metals
S&P Global: “Electrify Everything”.
Kirill Klip GEM Royalty TNR Gold
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Lithium Market
Bloomberg: “Lithium Is a Small But Rapidly Growing
Market”.
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China Is the Centre of the
Lithium Universe.
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The Lithium Universe
TNR Gold NSR Royalty on Mariana Lithium with Ganfeng.
Wormholes: Entry Into The Lithium Universe – China.
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The Green Energy Metals Royalty Co.
TNR Gold Corp.
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Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
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Ganfeng Lithium is the Largest
Integrated Lithium Producer in China
Ganfeng Lithium: “Focus, Innovation, Sustainability”.
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Ganfeng Lithium is the Largest
Integrated Lithium Producer in China
Ganfeng Lithium: “China’s Largest Lithium Compounds
Producer”.
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China’s Lithium Giant
Ganfeng Lithium: “Our Worldwide Operations”.
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Entry into Vertically Integrated
Lithium Business with Ganfeng
TNR Gold’s Royalty on Mariana Lithium provides an entry point
into Vertically Integrated Lithium Business with Ganfeng Lithium.
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Entry into Vertically Integrated
Lithium Business with Ganfeng
TNR Gold’s Royalty on Mariana Lithium provides an entry point
into Vertically Integrated Lithium Business with Ganfeng Lithium.
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Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
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TNR Gold Holds NSR
Royalty on
Mariana Lithium,
Argentina.
Ganfeng Lithium Operator
131
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
Lithium Batteries
BMI: “Global gigafactory pipeline passes the 300 mark”.
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Battery Metals Boom
BNEF: “Rising EV demand supercharges demand
forecast for a group of metals”.
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The Global Battery Arms Race
Statista: “Asian Batteries Power Global EV Fleet”.
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The Global Battery Arms Race
Elements: “The Top 10 EV Battery Manufacturers”.
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Lithium Supply Chain
BMI: “Where does China’s dominance lie in the Lithium
supply chain?”
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Lithium Supply Chain
BMI: “China’s dominance in mid-stream processing”.
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Lithium Battery Supply Chain
IEA: “China dominates EV battery supply chain”.
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Lithium Prices Skyrocket
Bloomberg: “Powering Up”.
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Lithium ATH
The Economist: “Metal Mania”.
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Lithium Prices Hit ATH
Time: “Price per metric ton of Lithium Carbonate”.
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Lithium Prices Skyrocket
Bloomberg: “A Nearly 500% Surge”.
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Lithium Prices Skyrocket
Bloomberg: “Scarcity Pricing”.
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Lithium Record-Making Gains
BNEF: “EV battery boom catapults Lithium prices to a
record in China”.
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Lithium Power Surge
BNEF: “With demand outstripping supply, Lithium is
driving up the cost of the energy transition”.
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Lithium Prices Skyrocket
Bloomberg: “Surging prices for the battery material are
piling pressure on car-makers”.
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Lithium ATH
Bloomberg: “Rising Again”.
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Lithium ATH
Investing.com: “Lithium Carbonate 99.5% China Spot
Overview”.
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Lithium ATH
Investing.com: “Lithium Carbonate 99.5% China Spot
Overview”.
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Lithium ATH
Bloomberg: “Lithium’s Eye-Popping Gains”.
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Lithium ATH
Bloomberg: “Powerful Rally”.
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Lithium Prices
BMI: “There is not one price for Lithium”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
152
Lithium Boom
Bloomberg: “Electric vehicle rEVolution will fuel global
demand for Lithium”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
153
Lithium Carbonate Use
CNBC: “Lithium carbonate use for various devices”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
154
UBS Lithium Demand Forecast
Over 1,000,000 T LCE/Y 2026
UBS Lithium demand forecast. Actual production: 2020 -
369,000 T LCE. 2021 – 497,000 T LCE. 2022 – 680,000 T LCE.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
155
Lithium Accelerated Demand
BNEF: “The world is going to need five times more
Lithium by end of the decade”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
156
Lithium Accelerated Demand
BNEF: “Metals demands from Lithium-ion batteries”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
157
Lithium Supply & Demand
BMI: “Lithium & The Great Raw Material Disconnect”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
158
Lithium Supply & Demand
BMI: “Lithium and the great raw material
disconnect”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
159
Lithium Supply & Demand
BMI: “Integration - It takes much longer to build a
raw material project than a battery or car plant”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
160
Lithium Demand
BMI: “How much raw material will Tesla’s Gigafactory
consume?”
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
161
Lithium Supply & Demand
BMI: “The disconnect between Lithium supply and
battery ambitions”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
162
Lithium Demand
BMI: “Lithium demand skyrockets to 2050”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
163
Lithium Supply & Demand
Bloomberg: “Supply and Demand Both Set For Double-
Digit Growth in 2023”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
164
Lithium Demand
Albemarle: “Lithium Demand - 3.7M T LCE by 2030”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
165
Lithium Supply & Demand
BNEF: “BNEF battery metals supply and demand
forecast”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
166
Global Lithium Supply
Elon Musk: Hard? Or Easy?
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
167
Lithium Supply
BMI: “Lithium batteries is totally reliant on steady raw
materials supply”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
168
Lithium Supply Chains
BMI: “Lithium supply chains are complicated and
need billions in investment”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
169
Summer 2017
My “Totally Outrageous” Forecast 36M T LCE
Needed By 2040 For 600M EVs
100M T Lithium LCE Needed by 2050
if Elon Musk and Warren Buffett Are Right About Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
170
Lithium - Most Wanted
Worldwide Lithium demand and supply.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
171
Lithium Demand – Batteries!
BMI: “A complete 180 degrees in 5 years! Lithium
batteries dictate the Lithium industry”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
172
Lithium Demand
Bloomberg: “Electric rEVolution”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
173
Lithium Batteries
BMI: “Timeline - Battery commercialisation”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
174
Lithium Batteries
BMI: “Lithium-ion Battery Cell Capacity by Country”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
175
Lithium Batteries
BNEF: “Pole Position”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
176
Lithium Batteries
BMI: “The Lithium Batteries: from Niche to Mainstream”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
177
Lithium Batteries
BMI: “Supply Chain Impact – Mean Rising Battery
Costs”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
178
Lithium Batteries
BMI: “Europe’s Top 5 EV Lithium battery makers”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
179
Lithium Batteries
BNEF: “Global Lithium-ion Battery Demand”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
180
Lithium Batteries
Statista: “High Demand for Lithium Batteries”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
181
Lithium Batteries
BNEF: “Greedy for Gigawatts”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
182
Lithium Batteries
BMI: “The Energy Storage Has Arrived”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
183
Lithium Batteries
BMI: “USA Giga Pace Must Triple and Target at Least
3TWh by 2032”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
184
Lithium Batteries
BMI: “USA Battery Cell Capacity and Raw Material
Demand by 2032”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
185
Lithium Batteries
BMI: “China’s Dominance Will Not Be Bridged This
Decade”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
186
Lithium Batteries
BMI: “The Elements of Energy Storage rEVolution”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
187
Lithium Demand
BMI: “Raw Materials & Mining – the Limiting Factor”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
188
Lithium Market Deficit
BNEF: “Looming Deficit”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
189
Lithium Market Deficit
BNEF: “Under Pressure”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
190
Lithium Supply
Bloomberg: “A Handful of Suppliers”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
191
Lithium Supply
BNEF: “Lithium Plans”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
192
100M T Lithium LCE
Needed by 2050
100M T Lithium LCE needed ONLY for All New Electric Cars.
The Economist: 1.8 Billion Electric Cars by 2040.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
193
Growing U.S. Energy Storage
Energy Storage Systems will consume more Lithium
batteries’ capacity than Electric Cars in the future.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
194
Energy Storage Systems
Solar & Wind
Energy Storage Systems will consume more Lithium
batteries’ capacity than Electric Cars in the future.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
195
Energy Storage Systems
Solar & Wind
Energy Storage Systems will consume more Lithium
batteries’ capacity than Electric Cars in the future.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
196
Energy Storage Systems
Tesla: “Goal One – 100% electric transportation requires
100X growth”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
197
Energy Storage Systems
Tesla: “100% renewable energy requires 1600X growth”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
198
Tesla Giant Battery
Tesla deployed the largest Lithium battery plant in
Australia.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
199
Energy Security - It Is Not About Oil Anymore
Tesla’s Lithium supply chain goes all around the globe
and back to China now.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
200
Energy Security - It Is Not About Oil Anymore
Tesla’s Lithium supply chain goes all around the globe
and back to China now.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
201
Tesla Goes Lithium Upstream
Lithium batteries is totally reliant on steady raw
materials supply.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
202
The Real Lithium Scare
You can’t get secure
supply of battery grade Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
203
Security
Of Lithium Supply
• Autos are here now: The Price of Lithium is the second
thought after you have established Secure Supply of
Lithium with battery grade quality.
• The Future: The Price of Lithium and its Amount
Somewhere will be not important if You Can’t Get It.
• Scene One: China is diverting Supply of Lithium
Chemicals for Batteries to Their Own Producers.
• Scene Two: Australia, Chile, Argentina, Canada and
Others Prohibit The Export of Any Battery Grade
Chemicals other than In Lithium Batteries.
• Industry was starving for Capital: further concentration.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
204
Disruption of $12T Industries:
Energy and Transportation
• Disruption of $12 Trillion Industries: $8T Energy & $4T
Transportation is based on $10B Lithium Market by
sales in 2021.
• Industry needs $20B Investment to meet UBS 1M T/y
LCE demand by 2026.
• Investors were burnt and retreated – Price Shocks Are
Imminent after consolidation.
• M&A will redistribute the existing production first and
near-future supply development second.
• Tesla Energy rEVolution – All Known Reserves of
Lithium will be produced, but who will own it then?
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
205
Smart Money
Controls Bottlenecks
Energy Security. Electrification. Disruption of $12T Energy
and Transportation depended on $10B Lithium market.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
206
Energy Security - It Is Not About Oil Anymore
Tesla’s Lithium supply chain goes all around the globe
and back to China now.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
207
Lithium Supply
BNEF: “Buried Treasure”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
208
Lithium Supply
Bloomberg: “Get Digging”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
209
How To Cross Digital Divide And
Finance Tesla rEVolution?
Capital is coming to global renewable energy space,
but only the best Lithium companies can get it.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
210
How To Cross Digital Divide And
Finance Tesla rEVolution?
Lithium industry was starving, now the best Lithium
companies can get Capital.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
211
Mining & rEVolution
Bloomberg: “Cumulative capital for new investment in
the EV industry”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
212
How To Cross Digital Divide And
Finance Tesla rEVolution?
Lithium industry was starving, now the best Lithium
companies can get Capital.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
213
Battery Metals
Elements: “Expensive battery metals”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
214
Battery Metals Investments
The metal needed to support a 2-degree trajectory
would require over $1T investments.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
215
Energy Transition
BNEF: “Driving Investment”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
216
Energy Metals
Elements: “The Key Minerals in an EV Battery”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
217
We Need to Produce
12 Million T of Lithium
LCE by 2030
2030: To Have 200 Million Electric Cars – 12 Million T of Lithium
2040: To Have 600 Million Electric Cars – 36 Million T of Lithium
2050: To Have All New Cars Electric – 100 Million T of Lithium
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
218
Lithium Production
Elements: “25 years of Lithium production”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
219
The End of the ICE Age & Oil
New Players Are at the Table
Who will control the future of Tesla Energy rEVolution?
The Lithium Race Is ON.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
220
Lithium Mining Companies
Elements: “The World’s Top 10 Lithium Mining
Companies”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
221
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
222
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
223
China’s Lithium Giant
Ganfeng Lithium: “China’s Largest Lithium Compounds
Producer”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
224
China’s Lithium Giant
Ganfeng Lithium: “Lithium Resources Development”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
225
China’s Lithium Giant
Ganfeng Lithium: “Lithium chemical capacity”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
226
China’s Lithium Giant
Ganfeng Lithium: “Lithium capacity in expansion”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
227
China’s Lithium Giant
Ganfeng Lithium: “Ganfeng Lithium Battery”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
228
China’s Lithium Giant
Ganfeng Lithium: “Solid-State Battery”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
229
Solid-State Lithium-Metal Batteries
Solid-State Lithium-Metal Batteries can provide safer
energy storage foe EVS with longer range.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
230
China’s Lithium Giant
Ganfeng Lithium: “Vertically Integrated Business
Model”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
231
China’s Lithium Giant
Ganfeng Lithium: “World-leading Position in Lithium
Compounds and Metals”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
232
China’s Lithium Giant
Ganfeng Lithium: “Access to Secure, High Quality
Supply of Lithium Raw Materials”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
233
China’s Lithium Giant
Ganfeng Lithium: “Access to Secure, High Quality
Supply of Lithium Raw Materials”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
234
China’s Lithium Giant
Ganfeng Lithium: “Blue-chip Customer Base with High
Visibility for Growing Demand”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
235
China’s Lithium Giant
Ganfeng Lithium: “Lithium Battery – Ganfeng LiEnergy”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
236
Ganfeng Lithium Customers
Ganfeng Lithium supplies Tesla, Volkswagen and BMW.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
237
Ganfeng Tesla Supply Deal
Ganfeng made Lithium supply deal with Tesla.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
238
Energy Security - It Is Not About Oil Anymore
Tesla’s Lithium supply chain goes all around the globe
and back to China now.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
239
Ganfeng Volkswagen Deal
Ganfeng made Lithium supply deal with Volkswagen.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
240
Ganfeng BMW Supply Deal
Ganfeng made Lithium supply deal with BMW.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
241
Mariana Lithium
Ganfeng Lithium Operator
Ganfeng Lithium brings the capital and technology to extract
and process Lithium for an established and growing market.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
242
TNR Gold Mariana Lithium Royalty Holding
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
243
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
244
Mariana Lithium in Salta
Ganfeng Lithium Operator
Ganfeng Lithium brings the capital and technology to extract
and process Lithium for an established and growing market.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
245
Mariana Lithium “Phase I”
20,000 T Lithium Chloride
Ganfeng Lithium brings the capital and technology to extract
and process Lithium for an established and growing market.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
246
The Green Energy Metals
Royalty & Gold Company.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
247
GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
248
GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
249
GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
250
GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
251
TNR Gold Corp. Global Assets
TNR Gold Corp. Current Holdings.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
252
TNR Gold Business Model
We do not have to contribute any capital to the
development of Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
253
TNR Gold Corp. Global Assets
TNR Gold Corp. Current Holdings.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
254
Mariana Lithium, Argentina
Mariana Lithium PEA released December 2018.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
255
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
256
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
257
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
258
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
259
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
260
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
261
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
262
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
263
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
264
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
265
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
266
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
267
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
268
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
269
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
270
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
271
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
272
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
273
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
274
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
275
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
276
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
277
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
278
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
279
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
280
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
281
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
282
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
283
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
284
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
285
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
286
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
287
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
288
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
289
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
290
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
291
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
292
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
293
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
294
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
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Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
296
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
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Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
298
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
299
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
300
Ganfeng to Invest US$600M
El Pregon Minera: ”The Operational Phase of the Marina
Project Began”.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
301
Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
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Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
303
Ganfeng to Invest US$600M
TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over
PEA est. of 10K T/Y LCE at Mariana Lithium.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
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Mariana Lithium NSR Royalty
TNR Gold reports on Mariana Lithium Royalty Holding.
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
305
GEM Royalty Co.
TNR Gold Corp.
• Becoming The Green Energy Metals Royalty Co.
• Assets with major companies as Operators.
• Green Energy Metals: Lithium, Copper and Silver.
• TNR holds NSR Royalty on Mariana Lithium.
• TNR holds NSR Royalty on Los Azules Copper.
• TNR holds NPR Royalty on Batidero, Josemaria.
• TNR holds 90% stake in Shotgun Gold, Alaska.
• TNR Gold presentations on www.tnrgoldcorp.com
• All information is available on www.sedar.com
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
306
Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Contact k.klip@btinternet.com
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklip
Kirill Klip GEM Royalty TNR Gold
Lithium February 2023
307

Kirill Klip GEM Royalty TNR Gold Lithium Presentation

  • 1.
    Back into theFuture Lithium Will Power Us for the Next 50 Years and then Robots Kirill Klip GEM Royalty TNR Gold Lithium February 2023 1
  • 2.
    Energy rEVolution The WorldJust Before the INTERNET The future is already here, not everybody can see it yet. Technology to stop burning oil is here and it is beautiful. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 2
  • 3.
    Back into theFuture The future is already here, not everybody can see it yet, but megatrends are manifesting themselves. rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 3
  • 4.
    Legal Disclaimer All informationabout Ganfeng Lithium presented using publicly available data. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 4
  • 5.
    Legal Disclaimer forthe US Please read legal disclaimers. There is no investment advice in this presentation. Always consult your qualified financial adviser. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 5
  • 6.
    Tesla Optimus The futureis already here, not everybody can see it yet, but megatrends are manifesting themselves. rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 6
  • 7.
    Tesla Optimus The futureis already here, not everybody can see it yet, but megatrends are manifesting themselves. rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 7
  • 8.
    Tesla Optimus The futureis already here, not everybody can see it yet, but megatrends are manifesting themselves. rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 8
  • 9.
    Tesla Optimus The futureis already here, not everybody can see it yet, but megatrends are manifesting themselves. rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 9
  • 10.
    Elon Musk &Lithium CNBC: “Elon Musk says Tesla may have to get into the Lithium business because cost are so “insane”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 10
  • 11.
    Lithium ATH Bloomberg: “PowerfulRally”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 11
  • 12.
    Elon Musk &Lithium Elon Musk: “It is looking increasingly like … that Tesla will need to get into the Mining Business”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 12
  • 13.
    The Green EnergyMetals Royalty Co. TNR Gold Corp. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 13
  • 14.
    TNR Gold HoldsNSR Royalty on Mariana Lithium, Argentina. Ganfeng Lithium Operator 14 Kirill Klip GEM Royalty TNR Gold Lithium February 2023
  • 15.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 15
  • 16.
    Lithium Salars Mariana LithiumProject – Salar Llullaillaco. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 16
  • 17.
    Ganfeng to InvestUS$600M Ganfeng will install 150MW Solar Park at Mariana Lithium. (CGI) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 17
  • 18.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 18
  • 19.
    Ganfeng to InvestUS$600M El Pregon Minera: ”The Operational Phase of the Marina Project Began”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 19
  • 20.
    TNR Gold Corp. Northstar:TNR Gold Corp. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 20
  • 21.
    Clean Air Kirill KlipGEM Royalty TNR Gold Lithium February 2023 21
  • 22.
    DIEselGate Kirill Klip GEMRoyalty TNR Gold Lithium February 2023 22
  • 23.
    EVs: The Endof the ICE Age Kirill Klip GEM Royalty TNR Gold Lithium February 2023 23
  • 24.
    Electric Cars: Safety& Personal Freedom Electric Cars provide health safety, personal freedom and reduce carbon footprint. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 24
  • 25.
    Electric Cars AreCleaner Than ICE By 2019, lifecycle EV emissions were around 3 times lower than ICE conventional car. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 25
  • 26.
    Electric Cars AreCleaner Than ICE Lifecycle greenhouse gas emissions: ICE conventional vs. Tesla (US battery). Kirill Klip GEM Royalty TNR Gold Lithium February 2023 26
  • 27.
    Electric Cars AreCleaner Than ICE Life Cycle Global Warming Emissions: EVs vs. Gasoline Cars and Trucks. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 27
  • 28.
    Electric Cars AreCleaner Than ICE CleanTechnica: Tesla Model 3 lifetime emissions are 65% less than Mercedes C class. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 28
  • 29.
    Energy rEVolution The WorldJust Before the INTERNET “Maximum Plaid” of Tesla Roadster: Elon Musk has demonstrated the potential of Electric Cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 29
  • 30.
    The End ofthe ICE Age & Oil Domination For centuries we have been burning things just to get some energy. It has been mostly Oil for the last 100 years. Not Anymore. We do not have to burn things. Electricity is the most efficient form of Energy known to humans. And now we can Store It and USE IT When We Want. Cheap Lithium Batteries Change Everything. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 30
  • 31.
    Tesla Model S Beforewe had the best Electric Cars & affordable EVs. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 31
  • 32.
    Tesla Model 3 Beforewe had the best Electric Cars & affordable EVs. Now we have the first best & more affordable Electric Cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 32
  • 33.
    The End ofthe ICE Age Tesla Model S was an earthquake, followed by tsunami of Model 3. Model Y will end The ICE Age. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 33
  • 34.
    The End ofthe ICE Age Tesla Model S was an earthquake, followed by tsunami of Model 3. Model Y will end The ICE Age. On the roads. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 34
  • 35.
    Tesla 2022 Tesla delivers3 million electric cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 35
  • 36.
    Tesla 2022 Statista: TeslaVehicles Deliveries 2012 - 2022. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 36
  • 37.
    Tesla 2022 Statista: TeslaVehicles Deliveries 2012 - 2022. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 37
  • 38.
    Tesla Shattered LegacyAutos Tesla shattered legacy automakers. (Chart by Holger Zschaepitz) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 38
  • 39.
    Tesla 2021 Tesla vs.Legacy Automakers. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 39
  • 40.
    Tesla’s Vertical Landing Tesla’svertical landing. (Chart by Holger Zschaepitz) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 40
  • 41.
    Tesla Dumps Bitcoin CNBC:“Tesla has dumped 75% of its bitcoin holdings”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 41
  • 42.
    Tesla and Competition TeslaTeam must concentrate on EVs production execution to justify its valuation. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 42
  • 43.
    Tesla’s Vertical Landing Teslain Ludicrous Crypto FSD Mode: FUD, Sweat and Tears. (Chart by Holger Zschaepitz) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 43
  • 44.
    Tesla’s Vertical Landing Teslain Ludicrous Crypto FSD Mode: FUD, Sweat and Tears. (Chart by Holger Zschaepitz) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 44
  • 45.
    Tesla’s Vertical Landing Bloomberg:“Tesla’s Big Step Up in Production”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 45
  • 46.
    Tesla’s Vertical Landing Teslais back on the launch pad. (Chart by Bloomberg) Kirill Klip GEM Royalty TNR Gold Lithium February 2023 46
  • 47.
    Tesla and Competition Volkswagenaccelerates battery EV production. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 47
  • 48.
    Tesla Semi Tesla Semiis testing new limits for Electric Cars technology. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 48
  • 49.
    Electric Trucks T&E: “Electrictrucks can go the distance”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 49
  • 50.
    Cheaper Lithium BatteriesChange Everything Advanced materials are the base of Energy rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 50
  • 51.
    Cheaper Lithium BatteriesChange Everything Advanced materials are the base of Energy rEVolution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 51
  • 52.
    Cheaper Lithium BatteriesChange Everything BNEF: “Estimated cost of VW’s future battery packs”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 52
  • 53.
    Total Cost ofOwnership Is Lower with EVs CleanTechnica: “Large auto leasing company - Electric Cars have mostly lower total cost In Europe”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 53
  • 54.
    Total Cost ofOwnership Is Lower with EVs BNEF: “Light electric vans and trucks are already competitive in some markets”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 54
  • 55.
    Maintenance Is Lowerwith EVs CleanTechnica: Electric Cars repair and maintenance cost is 50% lower than ICE cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 55
  • 56.
    Maintenance Is Lowerwith EVs Energy.gov: Electric Cars maintenance cost is lower than ICE cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 56
  • 57.
    Electric Vans Cheaper T&E:“Electric vans cheaper than DIEsel for all users”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 57
  • 58.
    EV & ICECar Cost Parity We are closing on EV & ICE car cost parity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 58
  • 59.
    EV & ICECar Cost Parity We are closing on EV & ICE car cost parity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 59
  • 60.
    EV & ICECost Parity T&E: “EVs will be cheaper than fossil-fuel vehicles in Europe by 2025-2027”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 60
  • 61.
    Tesla Battery Day Weare closing on EV & ICE car cost parity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 61
  • 62.
    Tesla Battery Day Weare closing on EV & ICE car cost parity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 62
  • 63.
    EV & ICECar Cost Parity We are closing on EV & ICE car cost parity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 63
  • 64.
    Tesla Ahead ofthe Curve Catalyst: Elon Musk talks about Lithium cells cost & battery packs below $100 per kWh. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 64
  • 65.
    Lithium Battery Prices BNEF:“Hit the Brakes”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 65
  • 66.
    The End ofthe ICE Age Tesla $25,000 Electric Car. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 66
  • 67.
    The End ofthe ICE Age Tesla $25,000 Electric Car. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 67
  • 68.
    Tesla Energy rEVolution Tesla’srEVolution contribution. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 68
  • 69.
    Tesla Energy rEVolution ElectricCars are coming much faster than a lot of people are anticipating it. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 69
  • 70.
    Tesla Energy rEVolution ElectricCars are coming much faster than a lot of people are anticipating it. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 70
  • 71.
    Not Just TeslaAnymore S&P: “Automakers’ investments in next-generation vehicles to exceed $500B by 2030”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 71
  • 72.
    The Switch: MassMarket for EVs Now all automakers are rushing to catch up with Tesla. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 72
  • 73.
    The Switch: TheEnd of the ICE Age China’s ICE engines passenger vehicles sales collapsed. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 73
  • 74.
    The Switch Flipped ElectricCars are forecast to account for all the growth in passenger vehicles sales from 2023. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 74
  • 75.
    Mercedes Kills ICEEngines Daimler stops developing new generations of ICE engines and will concentrate on electric powertrains. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 75
  • 76.
    The Switch Flipped Globalsales of traditional fuel-powered cars and trucks may have already peaked. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 76
  • 77.
    The Switch Flipped EVsales to grow on price parity, new models. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 77
  • 78.
    The Switch Flipped EVsales to grow on price parity, new models. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 78
  • 79.
    Electric Surge Bloomberg: “DIEselis being eclipsed by Electric Cars in Europe”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 79
  • 80.
    Peak ICE IsBehind Us Bloomberg: “Peak ICE Is Behind Us”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 80
  • 81.
    Global Electric VehiclesSales Bloomberg: “Passenger EVs sales as a percentage of total sales, quarterly”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 81
  • 82.
    Peak ICE IsBehind Us Bloomberg: “Peak ICE Is Behind Us”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 82
  • 83.
    Global Electric VehiclesSales Statista & Forbes: “EVs Market to Hit Ludicrous Mode ”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 83
  • 84.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by drivetrain”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 84
  • 85.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by region”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 85
  • 86.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by region”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 86
  • 87.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by region”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 87
  • 88.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by region”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 88
  • 89.
    EVs Sales Soarin the UK Bloomberg: “EVs Sales Soar in the UK”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 89
  • 90.
    Global Electric VehiclesFleet BNEF: “Global EV fleet set to top 25 million in 2022”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 90
  • 91.
    Norway Electric CarsSales BNEF: “How Fast Is the Switch to Electric Cars?” Kirill Klip GEM Royalty TNR Gold Lithium February 2023 91
  • 92.
    Global Electric VehiclesFleet BNEF: “Global EV fleet set to top 25 million in 2022”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 92
  • 93.
    Global Electric VehiclesSales BNEF: “Global passenger EVs sales by region”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 93
  • 94.
    My 20/200 Formula TheSwitch: we are getting there - mass market for EVs USD$20k buys you BMW 2 style EV with 200 miles range. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 94
  • 95.
    Electric Vehicles Sales Elements:“10 Years of Global EV Sales”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 95
  • 96.
    China Bets onElectric Cars Projected percent composition of passenger vehicles in China over the next two decades. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 96
  • 97.
    China’s State GridIs Getting Ready For 100 Million Electric Cars By 2030 Can We Reach 200 Million EVs Globally by That Time? Kirill Klip GEM Royalty TNR Gold Lithium February 2023 97
  • 98.
    China’s EV Growth S&PGlobal: “China’s Explosive EV Growth to Stay on Track”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 98
  • 99.
    China’s EV Share BNEF:“China’s EV share of passenger car segments”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 99
  • 100.
    EVs in China BNEF:“Chinese sales of NEV”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 100
  • 101.
    EVs in China Bloomberg:“Soaring Export Sales”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 101
  • 102.
    Tesla Comes toChina Shanghai welcomes Elon Musk and Tesla Gigafactory 3. Transfer of technology is unavoidable. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 102
  • 103.
    Tesla Gigafactory 3,China Tesla’s $2B China Gigafactory covers the size of 121 football pitches, aimed to make 3k EVs a week. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 103
  • 104.
    Tesla Gigafactory 3,China Tesla’s $2B China Gigafactory: “machine is building machines”, reached 8k EVs a week capacity in 2020. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 104
  • 105.
    Tesla Gigafactory 3,China Tesla’s China Gigafactory: “Machine is building machines”, prepares 21k EVs a week capacity in 2022. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 105
  • 106.
    Tesla Gigafactory 4,Germany Germany welcomes Tesla Gigafactory 4! Kirill Klip GEM Royalty TNR Gold Lithium February 2023 106
  • 107.
    Tesla Gigafactory 4,Germany Tesla comes to the motherland of the iconic legacy automakers and will keep them on their toes. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 107
  • 108.
    Tesla Gigafactory 5,Texas! Tesla selected Texas as location for its Cybertruck Gigafactory 5. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 108
  • 109.
    Tesla Gigafactory 5,Texas! Tesla selected Texas as location for its Cybertruck Gigafactory 5. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 109
  • 110.
    Rivian New players arecoming in. Rivian is backed by Amazon and Ford. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 110
  • 111.
    Hummer GM launches ElectricHummer. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 111
  • 112.
    Ford F-150 Electric Fordlaunches Electric F-150 Lightning. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 112
  • 113.
    Tesla Energy rEVolution Wemust stop burning oil. Solar and Wind. Electricity. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 113
  • 114.
    Green Energy: CleanEquals Cheap All-in cost for clean energy plus storage is getting cheaper. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 114
  • 115.
    Energy Storage Wood Mackenzie:“Percentage of Distributed Solar Systems Paired with Energy Storage”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 115
  • 116.
    Lithium Batteries BNEF: “ClearLeader”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 116
  • 117.
    Lithium Batteries Boom Demandfor Lithium batteries is forecast to surge. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 117
  • 118.
    EVs & Mining Miningmakes the cars of today and tomorrow possible. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 118
  • 119.
    Energy & Metals S&PGlobal: “Electrify Everything”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 119
  • 120.
    Lithium Market Bloomberg: “LithiumIs a Small But Rapidly Growing Market”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 120
  • 121.
    China Is theCentre of the Lithium Universe. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 121
  • 122.
    The Lithium Universe TNRGold NSR Royalty on Mariana Lithium with Ganfeng. Wormholes: Entry Into The Lithium Universe – China. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 122
  • 123.
    The Green EnergyMetals Royalty Co. TNR Gold Corp. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 123
  • 124.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 124
  • 125.
    Ganfeng Lithium isthe Largest Integrated Lithium Producer in China Ganfeng Lithium: “Focus, Innovation, Sustainability”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 125
  • 126.
    Ganfeng Lithium isthe Largest Integrated Lithium Producer in China Ganfeng Lithium: “China’s Largest Lithium Compounds Producer”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 126
  • 127.
    China’s Lithium Giant GanfengLithium: “Our Worldwide Operations”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 127
  • 128.
    Entry into VerticallyIntegrated Lithium Business with Ganfeng TNR Gold’s Royalty on Mariana Lithium provides an entry point into Vertically Integrated Lithium Business with Ganfeng Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 128
  • 129.
    Entry into VerticallyIntegrated Lithium Business with Ganfeng TNR Gold’s Royalty on Mariana Lithium provides an entry point into Vertically Integrated Lithium Business with Ganfeng Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 129
  • 130.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 130
  • 131.
    TNR Gold HoldsNSR Royalty on Mariana Lithium, Argentina. Ganfeng Lithium Operator 131 Kirill Klip GEM Royalty TNR Gold Lithium February 2023
  • 132.
    Lithium Batteries BMI: “Globalgigafactory pipeline passes the 300 mark”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 132
  • 133.
    Battery Metals Boom BNEF:“Rising EV demand supercharges demand forecast for a group of metals”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 133
  • 134.
    The Global BatteryArms Race Statista: “Asian Batteries Power Global EV Fleet”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 134
  • 135.
    The Global BatteryArms Race Elements: “The Top 10 EV Battery Manufacturers”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 135
  • 136.
    Lithium Supply Chain BMI:“Where does China’s dominance lie in the Lithium supply chain?” Kirill Klip GEM Royalty TNR Gold Lithium February 2023 136
  • 137.
    Lithium Supply Chain BMI:“China’s dominance in mid-stream processing”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 137
  • 138.
    Lithium Battery SupplyChain IEA: “China dominates EV battery supply chain”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 138
  • 139.
    Lithium Prices Skyrocket Bloomberg:“Powering Up”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 139
  • 140.
    Lithium ATH The Economist:“Metal Mania”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 140
  • 141.
    Lithium Prices HitATH Time: “Price per metric ton of Lithium Carbonate”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 141
  • 142.
    Lithium Prices Skyrocket Bloomberg:“A Nearly 500% Surge”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 142
  • 143.
    Lithium Prices Skyrocket Bloomberg:“Scarcity Pricing”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 143
  • 144.
    Lithium Record-Making Gains BNEF:“EV battery boom catapults Lithium prices to a record in China”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 144
  • 145.
    Lithium Power Surge BNEF:“With demand outstripping supply, Lithium is driving up the cost of the energy transition”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 145
  • 146.
    Lithium Prices Skyrocket Bloomberg:“Surging prices for the battery material are piling pressure on car-makers”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 146
  • 147.
    Lithium ATH Bloomberg: “RisingAgain”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 147
  • 148.
    Lithium ATH Investing.com: “LithiumCarbonate 99.5% China Spot Overview”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 148
  • 149.
    Lithium ATH Investing.com: “LithiumCarbonate 99.5% China Spot Overview”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 149
  • 150.
    Lithium ATH Bloomberg: “Lithium’sEye-Popping Gains”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 150
  • 151.
    Lithium ATH Bloomberg: “PowerfulRally”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 151
  • 152.
    Lithium Prices BMI: “Thereis not one price for Lithium”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 152
  • 153.
    Lithium Boom Bloomberg: “Electricvehicle rEVolution will fuel global demand for Lithium”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 153
  • 154.
    Lithium Carbonate Use CNBC:“Lithium carbonate use for various devices”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 154
  • 155.
    UBS Lithium DemandForecast Over 1,000,000 T LCE/Y 2026 UBS Lithium demand forecast. Actual production: 2020 - 369,000 T LCE. 2021 – 497,000 T LCE. 2022 – 680,000 T LCE. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 155
  • 156.
    Lithium Accelerated Demand BNEF:“The world is going to need five times more Lithium by end of the decade”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 156
  • 157.
    Lithium Accelerated Demand BNEF:“Metals demands from Lithium-ion batteries”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 157
  • 158.
    Lithium Supply &Demand BMI: “Lithium & The Great Raw Material Disconnect”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 158
  • 159.
    Lithium Supply &Demand BMI: “Lithium and the great raw material disconnect”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 159
  • 160.
    Lithium Supply &Demand BMI: “Integration - It takes much longer to build a raw material project than a battery or car plant”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 160
  • 161.
    Lithium Demand BMI: “Howmuch raw material will Tesla’s Gigafactory consume?” Kirill Klip GEM Royalty TNR Gold Lithium February 2023 161
  • 162.
    Lithium Supply &Demand BMI: “The disconnect between Lithium supply and battery ambitions”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 162
  • 163.
    Lithium Demand BMI: “Lithiumdemand skyrockets to 2050”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 163
  • 164.
    Lithium Supply &Demand Bloomberg: “Supply and Demand Both Set For Double- Digit Growth in 2023”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 164
  • 165.
    Lithium Demand Albemarle: “LithiumDemand - 3.7M T LCE by 2030”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 165
  • 166.
    Lithium Supply &Demand BNEF: “BNEF battery metals supply and demand forecast”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 166
  • 167.
    Global Lithium Supply ElonMusk: Hard? Or Easy? Kirill Klip GEM Royalty TNR Gold Lithium February 2023 167
  • 168.
    Lithium Supply BMI: “Lithiumbatteries is totally reliant on steady raw materials supply”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 168
  • 169.
    Lithium Supply Chains BMI:“Lithium supply chains are complicated and need billions in investment”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 169
  • 170.
    Summer 2017 My “TotallyOutrageous” Forecast 36M T LCE Needed By 2040 For 600M EVs 100M T Lithium LCE Needed by 2050 if Elon Musk and Warren Buffett Are Right About Electric Cars. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 170
  • 171.
    Lithium - MostWanted Worldwide Lithium demand and supply. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 171
  • 172.
    Lithium Demand –Batteries! BMI: “A complete 180 degrees in 5 years! Lithium batteries dictate the Lithium industry”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 172
  • 173.
    Lithium Demand Bloomberg: “ElectricrEVolution”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 173
  • 174.
    Lithium Batteries BMI: “Timeline- Battery commercialisation”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 174
  • 175.
    Lithium Batteries BMI: “Lithium-ionBattery Cell Capacity by Country”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 175
  • 176.
    Lithium Batteries BNEF: “PolePosition”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 176
  • 177.
    Lithium Batteries BMI: “TheLithium Batteries: from Niche to Mainstream”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 177
  • 178.
    Lithium Batteries BMI: “SupplyChain Impact – Mean Rising Battery Costs”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 178
  • 179.
    Lithium Batteries BMI: “Europe’sTop 5 EV Lithium battery makers”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 179
  • 180.
    Lithium Batteries BNEF: “GlobalLithium-ion Battery Demand”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 180
  • 181.
    Lithium Batteries Statista: “HighDemand for Lithium Batteries”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 181
  • 182.
    Lithium Batteries BNEF: “Greedyfor Gigawatts”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 182
  • 183.
    Lithium Batteries BMI: “TheEnergy Storage Has Arrived”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 183
  • 184.
    Lithium Batteries BMI: “USAGiga Pace Must Triple and Target at Least 3TWh by 2032”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 184
  • 185.
    Lithium Batteries BMI: “USABattery Cell Capacity and Raw Material Demand by 2032”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 185
  • 186.
    Lithium Batteries BMI: “China’sDominance Will Not Be Bridged This Decade”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 186
  • 187.
    Lithium Batteries BMI: “TheElements of Energy Storage rEVolution”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 187
  • 188.
    Lithium Demand BMI: “RawMaterials & Mining – the Limiting Factor”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 188
  • 189.
    Lithium Market Deficit BNEF:“Looming Deficit”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 189
  • 190.
    Lithium Market Deficit BNEF:“Under Pressure”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 190
  • 191.
    Lithium Supply Bloomberg: “AHandful of Suppliers”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 191
  • 192.
    Lithium Supply BNEF: “LithiumPlans”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 192
  • 193.
    100M T LithiumLCE Needed by 2050 100M T Lithium LCE needed ONLY for All New Electric Cars. The Economist: 1.8 Billion Electric Cars by 2040. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 193
  • 194.
    Growing U.S. EnergyStorage Energy Storage Systems will consume more Lithium batteries’ capacity than Electric Cars in the future. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 194
  • 195.
    Energy Storage Systems Solar& Wind Energy Storage Systems will consume more Lithium batteries’ capacity than Electric Cars in the future. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 195
  • 196.
    Energy Storage Systems Solar& Wind Energy Storage Systems will consume more Lithium batteries’ capacity than Electric Cars in the future. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 196
  • 197.
    Energy Storage Systems Tesla:“Goal One – 100% electric transportation requires 100X growth”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 197
  • 198.
    Energy Storage Systems Tesla:“100% renewable energy requires 1600X growth”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 198
  • 199.
    Tesla Giant Battery Tesladeployed the largest Lithium battery plant in Australia. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 199
  • 200.
    Energy Security -It Is Not About Oil Anymore Tesla’s Lithium supply chain goes all around the globe and back to China now. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 200
  • 201.
    Energy Security -It Is Not About Oil Anymore Tesla’s Lithium supply chain goes all around the globe and back to China now. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 201
  • 202.
    Tesla Goes LithiumUpstream Lithium batteries is totally reliant on steady raw materials supply. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 202
  • 203.
    The Real LithiumScare You can’t get secure supply of battery grade Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 203
  • 204.
    Security Of Lithium Supply •Autos are here now: The Price of Lithium is the second thought after you have established Secure Supply of Lithium with battery grade quality. • The Future: The Price of Lithium and its Amount Somewhere will be not important if You Can’t Get It. • Scene One: China is diverting Supply of Lithium Chemicals for Batteries to Their Own Producers. • Scene Two: Australia, Chile, Argentina, Canada and Others Prohibit The Export of Any Battery Grade Chemicals other than In Lithium Batteries. • Industry was starving for Capital: further concentration. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 204
  • 205.
    Disruption of $12TIndustries: Energy and Transportation • Disruption of $12 Trillion Industries: $8T Energy & $4T Transportation is based on $10B Lithium Market by sales in 2021. • Industry needs $20B Investment to meet UBS 1M T/y LCE demand by 2026. • Investors were burnt and retreated – Price Shocks Are Imminent after consolidation. • M&A will redistribute the existing production first and near-future supply development second. • Tesla Energy rEVolution – All Known Reserves of Lithium will be produced, but who will own it then? Kirill Klip GEM Royalty TNR Gold Lithium February 2023 205
  • 206.
    Smart Money Controls Bottlenecks EnergySecurity. Electrification. Disruption of $12T Energy and Transportation depended on $10B Lithium market. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 206
  • 207.
    Energy Security -It Is Not About Oil Anymore Tesla’s Lithium supply chain goes all around the globe and back to China now. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 207
  • 208.
    Lithium Supply BNEF: “BuriedTreasure”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 208
  • 209.
    Lithium Supply Bloomberg: “GetDigging”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 209
  • 210.
    How To CrossDigital Divide And Finance Tesla rEVolution? Capital is coming to global renewable energy space, but only the best Lithium companies can get it. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 210
  • 211.
    How To CrossDigital Divide And Finance Tesla rEVolution? Lithium industry was starving, now the best Lithium companies can get Capital. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 211
  • 212.
    Mining & rEVolution Bloomberg:“Cumulative capital for new investment in the EV industry”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 212
  • 213.
    How To CrossDigital Divide And Finance Tesla rEVolution? Lithium industry was starving, now the best Lithium companies can get Capital. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 213
  • 214.
    Battery Metals Elements: “Expensivebattery metals”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 214
  • 215.
    Battery Metals Investments Themetal needed to support a 2-degree trajectory would require over $1T investments. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 215
  • 216.
    Energy Transition BNEF: “DrivingInvestment”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 216
  • 217.
    Energy Metals Elements: “TheKey Minerals in an EV Battery”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 217
  • 218.
    We Need toProduce 12 Million T of Lithium LCE by 2030 2030: To Have 200 Million Electric Cars – 12 Million T of Lithium 2040: To Have 600 Million Electric Cars – 36 Million T of Lithium 2050: To Have All New Cars Electric – 100 Million T of Lithium Kirill Klip GEM Royalty TNR Gold Lithium February 2023 218
  • 219.
    Lithium Production Elements: “25years of Lithium production”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 219
  • 220.
    The End ofthe ICE Age & Oil New Players Are at the Table Who will control the future of Tesla Energy rEVolution? The Lithium Race Is ON. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 220
  • 221.
    Lithium Mining Companies Elements:“The World’s Top 10 Lithium Mining Companies”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 221
  • 222.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 222
  • 223.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 223
  • 224.
    China’s Lithium Giant GanfengLithium: “China’s Largest Lithium Compounds Producer”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 224
  • 225.
    China’s Lithium Giant GanfengLithium: “Lithium Resources Development”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 225
  • 226.
    China’s Lithium Giant GanfengLithium: “Lithium chemical capacity”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 226
  • 227.
    China’s Lithium Giant GanfengLithium: “Lithium capacity in expansion”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 227
  • 228.
    China’s Lithium Giant GanfengLithium: “Ganfeng Lithium Battery”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 228
  • 229.
    China’s Lithium Giant GanfengLithium: “Solid-State Battery”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 229
  • 230.
    Solid-State Lithium-Metal Batteries Solid-StateLithium-Metal Batteries can provide safer energy storage foe EVS with longer range. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 230
  • 231.
    China’s Lithium Giant GanfengLithium: “Vertically Integrated Business Model”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 231
  • 232.
    China’s Lithium Giant GanfengLithium: “World-leading Position in Lithium Compounds and Metals”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 232
  • 233.
    China’s Lithium Giant GanfengLithium: “Access to Secure, High Quality Supply of Lithium Raw Materials”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 233
  • 234.
    China’s Lithium Giant GanfengLithium: “Access to Secure, High Quality Supply of Lithium Raw Materials”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 234
  • 235.
    China’s Lithium Giant GanfengLithium: “Blue-chip Customer Base with High Visibility for Growing Demand”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 235
  • 236.
    China’s Lithium Giant GanfengLithium: “Lithium Battery – Ganfeng LiEnergy”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 236
  • 237.
    Ganfeng Lithium Customers GanfengLithium supplies Tesla, Volkswagen and BMW. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 237
  • 238.
    Ganfeng Tesla SupplyDeal Ganfeng made Lithium supply deal with Tesla. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 238
  • 239.
    Energy Security -It Is Not About Oil Anymore Tesla’s Lithium supply chain goes all around the globe and back to China now. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 239
  • 240.
    Ganfeng Volkswagen Deal Ganfengmade Lithium supply deal with Volkswagen. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 240
  • 241.
    Ganfeng BMW SupplyDeal Ganfeng made Lithium supply deal with BMW. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 241
  • 242.
    Mariana Lithium Ganfeng LithiumOperator Ganfeng Lithium brings the capital and technology to extract and process Lithium for an established and growing market. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 242
  • 243.
    TNR Gold MarianaLithium Royalty Holding Kirill Klip GEM Royalty TNR Gold Lithium February 2023 243
  • 244.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 244
  • 245.
    Mariana Lithium inSalta Ganfeng Lithium Operator Ganfeng Lithium brings the capital and technology to extract and process Lithium for an established and growing market. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 245
  • 246.
    Mariana Lithium “PhaseI” 20,000 T Lithium Chloride Ganfeng Lithium brings the capital and technology to extract and process Lithium for an established and growing market. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 246
  • 247.
    The Green EnergyMetals Royalty & Gold Company. TNR Gold Corp. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 247
  • 248.
    GEM Royalty Co. TNRGold Corp. (TSXV: TNR) The Green Energy Metals Royalty & Gold Company. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 248
  • 249.
    GEM Royalty Co. TNRGold Corp. (TSXV: TNR) The Green Energy Metals Royalty & Gold Company. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 249
  • 250.
    GEM Royalty Co. TNRGold Corp. (TSXV: TNR) The Green Energy Metals Royalty & Gold Company. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 250
  • 251.
    GEM Royalty Co. TNRGold Corp. (TSXV: TNR) The Green Energy Metals Royalty & Gold Company. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 251
  • 252.
    TNR Gold Corp.Global Assets TNR Gold Corp. Current Holdings. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 252
  • 253.
    TNR Gold BusinessModel We do not have to contribute any capital to the development of Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 253
  • 254.
    TNR Gold Corp.Global Assets TNR Gold Corp. Current Holdings. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 254
  • 255.
    Mariana Lithium, Argentina MarianaLithium PEA released December 2018. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 255
  • 256.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 256
  • 257.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 257
  • 258.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 258
  • 259.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 259
  • 260.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 260
  • 261.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 261
  • 262.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 262
  • 263.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 263
  • 264.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 264
  • 265.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 265
  • 266.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 266
  • 267.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 267
  • 268.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 268
  • 269.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 269
  • 270.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 270
  • 271.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 271
  • 272.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 272
  • 273.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 273
  • 274.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 274
  • 275.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 275
  • 276.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 276
  • 277.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 277
  • 278.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 278
  • 279.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 279
  • 280.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 280
  • 281.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 281
  • 282.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 282
  • 283.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 283
  • 284.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 284
  • 285.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 285
  • 286.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 286
  • 287.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 287
  • 288.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 288
  • 289.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 289
  • 290.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 290
  • 291.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 291
  • 292.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 292
  • 293.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 293
  • 294.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 294
  • 295.
    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 295
  • 296.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 296
  • 297.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 297
  • 298.
    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 298
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    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 299
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    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 300
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    Ganfeng to InvestUS$600M El Pregon Minera: ”The Operational Phase of the Marina Project Began”. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 301
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    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 302
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    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 303
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    Ganfeng to InvestUS$600M TNR Gold NSR Royalty: Ganfeng plans 20K LiCl T/Y over PEA est. of 10K T/Y LCE at Mariana Lithium. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 304
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    Mariana Lithium NSRRoyalty TNR Gold reports on Mariana Lithium Royalty Holding. Kirill Klip GEM Royalty TNR Gold Lithium February 2023 305
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    GEM Royalty Co. TNRGold Corp. • Becoming The Green Energy Metals Royalty Co. • Assets with major companies as Operators. • Green Energy Metals: Lithium, Copper and Silver. • TNR holds NSR Royalty on Mariana Lithium. • TNR holds NSR Royalty on Los Azules Copper. • TNR holds NPR Royalty on Batidero, Josemaria. • TNR holds 90% stake in Shotgun Gold, Alaska. • TNR Gold presentations on www.tnrgoldcorp.com • All information is available on www.sedar.com Kirill Klip GEM Royalty TNR Gold Lithium February 2023 306
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    Thank you! Energy rEVolution. TheWorld Just Before The INTERNET. Contact [email protected] Visit www.kirillklip.blogspot.com Follow on Twitter @kirillklip Kirill Klip GEM Royalty TNR Gold Lithium February 2023 307