Kirill Klip GEM Royalty TNR Gold Copper Presentation

Tesla Energy rEVolution And The Golden Age For Copper: Kirill Klip GEM Royalty TNR Gold Copper Presentation

1. Back Into The Future
Copper & Tesla Energy rEVolution:
Red Metal Goes Green.Kirill Klip GEM Royalty TNR Gold
Copper June 2024 1

2. 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
Copper June 2024 2

3. 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
Copper June 2024 3

4. Legal Disclaimer
All information about McEwen Mining presented using
publicly available data.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 4

5. 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
Copper June 2024 5

6. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 6

7. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 7

8. TNR Gold Holds NSR
Royalty on
Los Azules, Argentina
McEwen Mining
8Kirill Klip GEM Royalty TNR Gold
Copper June 2024

9. Copper Red Hot
Bloomberg: “Copper Red Hot”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 9

10. Copper Supercharged by rEVolution

U.S. Global Investors: “Citi Sees Copper Topping Out at
$15,000 by 2025”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 10

11. Copper Red Hot
Bloomberg: “Copper Red Hot”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 11

12. Copper Supercharged by rEVolution

U.S. Global Investors: “Copper Poised to Make Gains”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 12

13. Copper Supercharged by rEVolution

Crescat Capital: “Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 13

14. Copper Supercharged by rEVolution

Bloomberg: “BlackRock Says $12,000 Copper is Needed
for New Mines”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 14

15. Copper Supercharged by rEVolution

Bloomberg: “Copper Hits $10,000 as Bulls Pile In”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 15

16. Copper Supercharged by rEVolution

Bloomberg: “Copper Reclaims $10,000 Mark”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 16

17. Copper Supercharged by rEVolution

Bloomberg: “Copper Trades Above $10,000”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 17

18. Copper - A New All-Time High

Copper Hits a New All-Time High at $5.1985 per lb.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 18

19. Copper - A New All-Time High

Copper Hits a New All-Time High at $5.1985 per lb.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 19

20. Copper - A New All-Time High

Bloomberg: “Copper Breaches $11,000 a Ton”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 20

21. Copper - A New All-Time High

Copper Hits a New All-Time High at $5.1985 per lb.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 21

22. Clean Air
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 22

23. DIEselGate
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 23

24. EVs: The End of the ICE Age
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 24

25. EVs Today Are Cleaner Than Gas Cars
BNEF: “EVs Made Today Are Cleaner Than Gas Cars”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 25

26. Average EV Range
BloombergNEF: “Average EV Range”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 26

27. Energy rEVolution
The World Just Before the INTERNET
“Maximum Plaid” of Tesla Roadster: Elon Musk has
demonstrated the potential of Electric Cars.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 27

28. 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
Copper June 2024 28

29. Tesla 2024
Tesla Sales Approaching 6 million electric cars.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 29

30. Tesla 2024
Statista: Tesla Vehicles Deliveries 2012 - 2024.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 30

31. Tesla Dumps Bitcoin
CNBC: “Tesla has dumped 75% of its bitcoin holdings”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 31

32. Tesla’s Vertical Landing
Tesla in Ludicrous Crypto FSD Mode: FUD, Sweat and Tears.
(Chart by Holger Zschaepitz)
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 32

33. Tesla and Competition
Tesla Team must concentrate on EVs production
execution to justify its valuation.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 33

34. Tesla & BYD
Statista: “China’s BYD Overtakes Tesla in Q4 2023”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 34

35. Tesla & BYD
CnEVPost: “Tesla Global Deliveries vs BYD”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 35

36. Tesla rEVolution
Bloomberg: “BYD Dominates Electric Car Sales in
China”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 36

37. Tesla Semi
Tesla Semi is testing new limits for Electric Cars
technology.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 37

38. Lithium Battery Prices
BNEF: “Battery Prices Are Falling Again”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 38

39. Lithium Battery Prices
BNEF: “Lithium-ion Batteries Set to Get Cheaper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 39

40. Lithium Battery Prices
BNEF: “Battery prices in China have plummeted”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 40

41. Tesla rEVolution
Bloomberg: “Tesla Prices Now Compete With the
Average Car”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 41

42. EV & ICE Car Cost Parity
Bloomberg: “EVs Pass a Key Measure of Price Parity in
US”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 42

43. Tesla Energy rEVolution
Tesla’s rEVolution contribution.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 43

44. Tesla Master Plan Part 3
Tesla: “End-Use Electrification, Sustainable Energy
Generation and Energy Storage”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 44

45. Tesla Master Plan Part 3
Tesla: “End-Use Electrification, Sustainable Energy
Generation and Energy Storage”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 45

46. Tesla Master Plan Part 3
Tesla: “End-Use Electrification, Sustainable Energy
Generation and Energy Storage”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 46

47. Tesla Master Plan Part 3
Tesla: “End-Use Electrification, Sustainable Energy
Generation and Energy Storage”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 47

48. Tesla Energy rEVolution
Electric Cars are coming much faster than a lot of
people are anticipating it.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 48

49. Not Just Tesla Anymore

S&P: “Automakers’ investments in next-generation
vehicles to exceed $500B by 2030”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 49

50. The Switch: Mass Market for EVs
Now all automakers are rushing to catch up with Tesla.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 50

51. EV & ICE Car Cost Parity
Bloomberg: “EVs Pass a Key Measure of Price Parity in
US”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 51

52. Electric Surge
Bloomberg: “DIEsel is being eclipsed by Electric Cars in
Europe”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 52

53. Peak ICE Is Behind Us
Bloomberg: “Peak ICE Is Behind Us”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 53

54. Global Electric Vehicles Sales

Bloomberg: “Passenger EVs sales as a percentage of
total sales, quarterly”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 54

55. Peak ICE Is Behind Us
Bloomberg: “Peak ICE Is Behind Us”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 55

56. Norway Electric Cars Sales
BNEF: “How Fast Is the Switch to Electric Cars?”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 56

57. Electric Vehicles Adoption
BNEF: “Electric Vehicles Adoption Continues to Grow”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 57

58. Global Electric Vehicles Sales

BloombergNEF: “Dawn of the EV Era”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 58

59. Global Electric Vehicles Sales

BNEF: “EV Sales Head For Another Record Year”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 59

60. Global Electric Vehicles Sales
BNEF: “Electric Vehicle Hit 20% of Global Sales”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 60

61. US Electric Vehicles Sales

BNEF: “Fully Electric Vehicles Surge to 3M in US”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 61

62. US Electric Vehicles Sales

BNEF: “US All-Electric Vehicles Sales Pass the 1 Million
Mark”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 62

63. Electric Vehicles Adoption
BloombergNEF: “Ten States Pass a key EV Tipping Point”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 63

64. US Electric Vehicles Sales

BNEF: “Analyst see growth resuming for the US”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 64

65. Global Electric Vehicles Sales

BNEF: “EV Sales Head For Another Record Year”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 65

66. Global Electric Vehicles Sales

EV VOLUMES: “Global BEV & PHEV Sales”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 66

67. Global Electric Car Sales

IEA: “Global Electric Car Sales.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 67

68. Global Electric Vehicles Sales

BNEF: “Global passenger EV sales”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 68

69. Global Electric Vehicles Sales

BNEF: “Global passenger EV sales”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 69

70. Global Electric Vehicles Fleet

EV VOLUMES: “Global BEV & PHEV Fleet”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 70

71. Global Electric Car Fleet

IEA: “Global Electric Car Stock.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 71

72. Global Electric Vehicles Fleet

BNEF: “There are now almost 41M passenger EVs on the
road”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 72

73. Global EV Demand

BNEF: “Global EV Demand Will More Than Double.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 73

74. Global Electric Vehicles Sales

BNEF: “Global passenger EVs sales by region”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 74

75. Global Electric Vehicles Sales

BNEF: “Sales of passenger EVs are set to jump 22%”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 75

76. Global Electric Car Sales

IEA: “Global Electric Car Sales.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 76

77. Global Electric Vehicles Sales

BNEF: “Sales of passenger EVs are set to jump 22%”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 77

78. 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.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 78

79. Global Electric Vehicles Sales

BNEF: “Sales of passenger EVs are set to jump 22%”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 79

80. Global Electric Vehicles Sales

BNEF: “The EV growth story continues”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 80

81. Global Electric Vehicles Sales

BNEF: “The EV growth story continues”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 81

82. China’s EV Adoption
BNEF: “China Will Remain the Driving Force of EV
Adoption”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 82

83. China’s EVs Export
BNEF: “China’s Car Export Surged”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 83

84. China’s EV Adoption
BNEF: “China Will Remain the Driving Force of EV
Adoption”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 84

85. EVs in China
CAAM: “China’s NEV Sales Expected to Reach 8M in
2023”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 85

86. China’s EV Market Domination
FT: “China has come to dominate the EV market”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 86

87. China Passenger NEV
CnEVPost: “China passenger NEV penetration is 47%”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 87

88. Tesla Energy rEVolution
We must stop burning oil. Solar and Wind.
Electricity.Kirill Klip GEM Royalty TNR Gold
Copper June 2024 88

89. Electricity Generation

BloombergNEF: “Electricity generation by technology.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 89

90. Energy rEVolution
Surface Area Required to Power the World with Solar
Alone.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 90

91. Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 91

92. Green Energy: Clean Equals Cheap
All-in cost for clean energy plus storage is getting
cheaper.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 92

93. Renewable Energy
BNEF: “Another Record Year for Renewable Additions in
Europe”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 93

94. Global Public Charging

BNEF: “Cumulative global public charging”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 94

95. 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
Copper June 2024 95

96. The U.S. Grid Battery Boom
Canary Media: “The U.S. grid battery boom isn’t slowing
down”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 96

97. Global Energy Storage
BNEF: “Global gross energy additions by market”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 97

98. 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
Copper June 2024 98

99. 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
Copper June 2024 99

100. Energy Storage Systems
Tesla: “Goal One – 100% electric transportation requires
100X growth”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 100

101. Energy Storage Systems
Tesla: “100% renewable energy requires 1600X growth”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 101

102. Tesla Giant Battery
Tesla deployed the largest Lithium battery plant in
Australia.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 102

103. Battery Metals Boom
BNEF: “Rising EV demand supercharges demand
forecast for a group of metals”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 103

104. EVs & Mining

Mining makes the cars of today and tomorrow possible.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 104

105. Green Energy Electric Metals
IEA: “Minerals used in electric cars compared to ICE
cars”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 105

106. Battery Metals Investments
The metal needed to support a 2-degree trajectory
would require over $1T investments.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 106

107. How To Cross Digital Divide And
Finance Tesla rEVolution?
Capital is coming to global renewable energy space,
but only the best mining companies can get it.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 107

108. $6 Trillion Investment In EVs

Fast roll out of infrastructure for EVs will require stable
supply of Copper.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 108

109. Green Energy Metals
Bloomberg: “Multi-Trillion Dollar Net-Zero Opportunity”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 109

110. The Switch: Energy Transition
BNEF: “$10T Metals Needed Through 2050”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 110

111. Energy Transition

BNEF: “Driving Investment”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 111

112. Energy Transition Investments Tops $1T
Bloomberg: “Energy Transition Investments Tops
$1 Trillion”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 112

113. Energy Transition Investments Tops $1T
BloombergNEF: “Energy Transition Investments Tops
$1 Trillion”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 113

114. Mining & rEVolution
Bloomberg: “Cumulative capital for new investment in
the EV industry”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 114

115. How To Cross Digital Divide And
Finance Tesla rEVolution?
Junior Miners are starving, now only the best
companies can get capital.Kirill Klip GEM Royalty TNR Gold
Copper June 2024 115

116. We Need Real Things To Build
Other Things
Markets are broken.
How to transfer Capital directly to enterprises?Kirill Klip GEM Royalty TNR Gold
Copper June 2024 116

117. Commodities to Equity Ratio

Crescat Capital: “Commodities to Equity Ratio”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 117

118. Commodities vs. S&P 500

Jefferies: “Ratio of Commodity Prices to the S&P 500”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 118

119. Copper vs. S&P 500

Crescat Capital: “Copper-to-S&P 500 Ratio”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 119

120. Infrastructure Spending

Crescat Capital: “Infrastructure Spending”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 120

121. Green rEVolution
Trafigura expects a surge in global Copper demand this
decade.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 121

122. Copper Demand

IEA: ”Growth in demand for key critical minerals”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 122

123. Why Copper?

Elements: “Why Copper is a Critical Mineral”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 123

124. Why Copper?

Elements: “Critical Copper – Role in the Economy”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 124

125. Copper Demand

Elements: “Copper Demand”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 125

126. Copper & Critical Minerals List

Elements: “Copper and the Critical Minerals List”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 126

127. Copper & Critical Minerals List

Elements: “Copper and the Critical Minerals List”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 127

128. Refined Copper Production

Elements: “Refined Copper Production”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 128

129. Refined Copper Production

Elements: “Refined Copper Production”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 129

130. Falling Copper Ore Grades

Elements: “Falling Copper Ore Grades”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 130

131. Copper in Electric Vehicles
Reuters: “Electric vehicles rely heavily on copper for the
motors and wiring”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 131

132. Copper Used in an Electric Car
Copper Alliance: “Copper Used in an Electric Car”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 132

133. Copper: Green and Healthy

Copper is durable and sustainable with a long service
life. It plays a crucial role in green future.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 133

134. Copper: Green and Healthy

Copper’s role in climate neutral renovation.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 134

135. Copper: Green and Healthy

More Copper should be used for doorknobs and other
surfaces to stop spread of viruses.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 135

136. Copper: Green and Healthy

More Copper should be used for surfaces to stop
spread of viruses.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 136

137. Copper Is Needed for EVs & All
Charging Infrastructure
Annual copper demand in EVs and ICE vehicles.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 137

138. Copper & EVs
Copper Alliance: “Copper Used in an Electric Car”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 138

139. Copper: The Green Metal
USGS: ”World Consumption of Refined Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 139

140. 2050 Net-Zero Copper Demand

Energy Minute: “The Volume of 2050 Net-Zero Copper
Demand”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 140

141. Copper Powered by rEVolution
The Oregon Group: “Annual Copper Demand by 2050”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 141

142. 2050 Net Zero Copper Demand
The Oregon Group: “Volume of 2050 Net Zero Copper
Demand.”
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 142

143. Copper Demand
ICA: “Growing Demand for Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 143

144. Copper Demand
ICA: “Drivers of Demand”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 144

145. Copper Demand
ICA: “Industrial Symbiosis”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 145

146. Copper Demand
ICA: “EV Battery Industrial Symbiosis”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 146

147. Copper Demand
Bloomberg: “Transportation Overtakes Construction”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 147

148. Copper Appetite
Bloomberg: ”Industrial metal demand seen growing across the globe”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 148

149. Copper Demand
Bloomberg: “Wiring the Future”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 149

150. Copper Appetite
Bloomberg: “Industrial metal demand seen growing
across the globe”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 150

151. Copper Supercharged by rEVolution

Bloomberg: “China’s Relentless Metal Expansion”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 151

152. Copper Supercharged by rEVolution

Bloomberg: “China is Buying More Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 152

153. China’s Copper Share
Bloomberg: “China Is the Biggest Buyer of
Commodities”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 153

154. Copper Supercharged by rEVolution

Bloomberg: “China Dominates Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 154

155. Copper Supercharged by rEVolution

Bloomberg: “China’s Copper Output Stays Near
Record”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 155

156. Copper Supercharged by rEVolution

Bloomberg: “China Dominates Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 156

157. Copper Supercharged by rEVolution

ICA: “Global Copper Demand”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 157

158. Copper Resources & Reserves
Copper Alliance: “Copper Resources & Reserves”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 158

159. Big Shortfall in Copper Supply

FT: “Big Shortfall in Copper”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 159

160. Copper Supercharged by rEVolution

Bloomberg: “Copper Miners Need to Spend Big”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 160

161. Copper Supply Gap

FT: “Copper supply will struggle”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 161

162. Copper Supercharged by rEVolution

Bloomberg: “Copper Supply Will Plunge”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 162

163. Copper Supercharged by rEVolution

Bloomberg: “Copper Miners Need to Spend Big”.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 163

164. Copper Supercharged by rEVolution

Visual Capitalist: “Projected Demand for Copper”.
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165. Copper Industry Meets 21st Century
Bernstein: “It was our great-grandfathers that built
today’s Copper industry”.
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166. Copper Mines
Bloomberg: “Copper Mine Ranking”.
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167. Copper Discoveries

S&P: Copper Discoveries.
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168. Copper Discoveries
Exploration budgets are still down, and major Copper
discoveries are far and few between.
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169. Project Drilling Activity

S&P Global: “Project Drilling Activity”.
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170. Copper Discoveries

U.S. Global Investors: Copper Discoveries.
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171. Copper Ore Grades
BNEF: “Falling Grades”.
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172. Copper Supply
BNEF: “Copper Mines Are Taking Longer”.
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173. Future Copper Mines
BNEF: “Riskier Mines Ahead”.
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174. Copper Supply
BNEF: “Copper Mines Are Taking Longer”.
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175. Copper Mines
Bloomberg: “Copper Mine Ranking”.
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176. Copper Head Grade
Industry head grade is going lower.
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177. Copper Ore Grades
BNEF: “Falling Grades”.
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178. Copper Head Grade
Industry head grade is going lower.
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179. TNR Gold Los Azules Copper Royalty

Rob McEwen: “McEwen Mining’s NSR Royalty on Los
Azules Copper Worth Maybe USD$100M”.
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180. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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181. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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182. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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183. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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184. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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185. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
The Green Energy Metals Royalty & Gold Company.
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186. TNR Gold Business Model
We do not have to contribute any capital to the
development of Los Azules Copper.
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187. TNR Gold Business Model
We do not have to contribute any capital to the
development of Los Azules Copper.
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188. TNR Gold Corp. Global Assets
TNR Gold Corp. Current Holdings.
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189. GEM Royalty Co.
TNR Gold Corp. (TSXV: TNR)
Becoming The Green Energy Metals Royalty & Gold
Company.
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190. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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191. Assets – Los Azules Copper,
San Juan, Argentina
Andean Cordillera – Home to Major Copper Mines.
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192. Los Azules Copper

Rob McEwen: “Los Azules has resources of 74M Au oz
equivalent”.
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193. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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194. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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195. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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196. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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197. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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198. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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199. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 199

200. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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201. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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202. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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203. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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204. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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205. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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206. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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207. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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208. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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209. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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210. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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211. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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212. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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213. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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214. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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215. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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216. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 216

217. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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218. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 218

219. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 219

220. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 220

221. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 221

222. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 222

223. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 223

224. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 224

225. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 225

226. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 226

227. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 227

228. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 228

229. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 229

230. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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Copper June 2024 230

231. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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Copper June 2024 231

232. The Green Energy Metals Royalty Co.
TNR Gold Corp.
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Copper June 2024 232

233. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 233

234. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 234

235. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 235

236. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 236

237. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 237

238. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 238

239. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 239

240. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 240

241. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 241

242. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 242

243. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 243

244. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 244

245. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 245

246. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 246

247. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 247

248. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 248

249. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 249

250. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 250

251. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
Copper June 2024 251

252. The Green Energy Metals Royalty Co.
TNR Gold Corp.
Kirill Klip GEM Royalty TNR Gold
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253. 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 Net Profits 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
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254. Thank you!
Energy rEVolution.
The World Just Before The INTERNET.
Contact [email protected]
Visit www.kirillklip.blogspot.com
Follow on Twitter @kirillklipKirill Klip GEM Royalty TNR Gold
Copper June 2024 254