Electric Royalties is pleased to announce the closing of the previously announced transaction to acquire a 0.75% Gross Revenue Royalty on the mining claims, mining leases and mineral tenures comprising the producing Punitaqui copper mine in Chile. In addition, the 0.75% GRR will apply to third-party materials processed through the Punitaqui mining complex from the effective date to December 31, 2027. Pursuant to the [...]
Gleason & Sons announced today it has advanced C$3,050,000 under its previously announced acquisition facility to Electric Royalties, positioning the Company to close, without shareholder dilution, on its investment in a 0.75% gross revenue royalty on the producing Punitaqui copper project in Chile operated by Battery Minerals Resources Corp. The Punitaqui royalty transaction is expected to close in the coming days upon [...]
Electric Royalties announces that it has elected to draw down C$3,050,000 under its C$10,000,000 amended and restated convertible credit facility with Gleason & Sons LLC dated February 16, 2024 to partially fund the cash payment for the acquisition of a 0.75% Gross Revenue Royalty on the producing Punitaqui copper mine in Chile . Loans drawn under the Credit Facility bear interest at a floating rate + 7%), with a maximum [...]
Electric Royalties is pleased to announce that the Company has entered into a definitive agreement with Battery Mineral Resources, Minera BMR SpA and Minera Altos De Punitaqui, dated Nov 22, 2024, to acquire a 0.75% Gross Revenue Royalty on the producing Punitaqui copper mine in Chile in exchange for a cash payment of C$3,500,000. Brendan Yurik, CEO of Electric Royalties, commented: "The Punitaqui copper mine is well [...]
Electric Royalties is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We are happy to report on developments in connection with seven royalties in our portfolio, all coming on the heels of the significant resource upgrade at the Zonia copper project. We're encouraged by the portfolio's progress, particularly with regard to Kingsrose Mining's continued [...]
Electric Royalties is pleased to announce the signing of a binding letter agreement dated Sept 17, 2024 with Minera Cobre Verde, a subsidiary of Cobre y Metales, to acquire a copper stream on the Minera Cobre Verde Mine. Under the terms of the Agreement, Electric Royalties will pay consideration to MCV of US$2.1 million to acquire the Stream, whereby Electric Royalties will have the immediate right to acquire a fixed [...]
Electric Royalties is pleased to announce that royalty asset partner World Copper published the results of an updated mineral resource estimate for the Zonia copper-oxide deposit in Arizona, USA on September 9, 2024. Electric Royalties holds a 0.5% gross revenue royalty on Zonia. The updated estimate includes 113.2 million short tons grading 0.303% total-copper in the Indicated category and 59.2 million short tons grading [...]
Electric Royalties Ltd. is pleased to announce that it has appointed Red Cloud Financial Services Inc. to provide the Company with a range of non-exclusive financial advisory and promotional services. Red Cloud is a Toronto-based financial services firm that provides assistance to mineral exploration and mining companies in accessing capital markets and enhancing their corporate profile. Under the engagement, Red Cloud [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We are looking forward to the successful business combination by the operator of our Penouta royalty so that production under its section B permit can commence while the reinstatement of the section C permit is pursued. Commencement of production would bring new revenue to the [...]
Stefan Gleason today announced that he is filing an early warning report in connection with his acquisition of additional shares of Electric Royalties Ltd. . After acquiring 2,753,220 Electric Royalties shares via a conversion of C$578,176.37 in loan interest owed by the Company to Gleason & Sons LLC, Gleason now beneficially owns or has control or direction over 28% of the Company's issued and outstanding common shares [...]
Electric Royalties Ltd. announces that Gleason & Sons LLC has elected to convert C$578,176.37 of accrued interest on the principal amount of the Company's convertible credit facility under the amended and restated convertible loan agreement dated February 15, 2024 between the Lender and Company , into 2,753,220 common shares of the Company , at a conversion price of C$0.21 per Conversion Share . Subject to acceptance of [...]
Stefan Gleason today announced that he is filing another early warning report in connection with his acquisition of additional shares of Electric Royalties Ltd. . After acquiring 2,000,000 Electric Royalties shares today via a private, off-market transaction, Gleason now beneficially owns or has control or direction over more than 26% of the Company's issued and outstanding common shares. "With Electric Royalties recently [...]
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