TORONTO (miningweekly.com) – TNR Gold Corp, which last week said it would spin off its lithium properties into a new listed company, on Monday revealed China’s Jiangxi Ganfeng Lithium as the previously unnamed investor set to buy a 10% stake in the new firm.

Shenzhen-listed Jiangxi Ganfeng intends to provide future support towards the development of the new company, called International Lithium, which will house TNR’s Mariana project in Argentina.

International Lithium will list on the TSX-V once TNR has raised C$2,5-million to inject into the new company.

“We welcome Ganfeng Lithium as a strategic investor in International Lithium with a prime directive to support the advancement of our core projects and ultimately as an integral member to assist us in realising our goal to become a recognised international lithium and rare-metals explorer and developer,” International Lithium president Mike Sieb said.

Gangfen makes lithium products for the battery and pharmaceutical markets in China, and also exports to Europe, Japan, the US and India.

TSX V-listed TNR Gold also owns gold and base-metal projects in Argentina and Alaska.
 

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