Electric Royalties Ltd. is pleased to provide an update on the proposed transaction to acquire a portfolio of 126 lithium properties in Eastern Canada . For an overview on the lithium properties and proposed transaction terms, please see Electric Royalties' news release dated November 6, 2023. Brendan Yurik, CEO of Electric Royalties, commented: "We are progressing our due diligence on the OLP, an opportunity to [...]
Stefan Gleason announced today he has begun a series of exempt open market purchases of common shares of Electric Royalties Ltd. , which have recently taken his direct and indirect ownership stake above 20% of the Company's issued and outstanding common shares. Gleason is utilizing the "Normal Course Purchase Exemption" in National Instrument 62-104 -Take-Over Bids and Issuer Bids which permits additional share purchases [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's an exciting start to the year with several updates across the portfolio since early December. At the Battery Hill Manganese Project, a preliminary economic assessment projects average annual gross revenue of US$177 million over an initial forecast mine life of 47 years1 [...]
Electric Royalties Ltd. is pleased to announce the appointment of Stefan Gleason as a director of the Company, effective December 11, 2023. Brendan Yurik, CEO of Electric Royalties, commented: "We thank Stefan Gleason, our largest shareholder, for his ongoing commitment to Electric Royalties and belief in our business model, and welcome him to the board of directors. We are particularly excited about the prospect of [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Although production is curtailed at the Penouta Mine, it's very exciting to see management of the Graphmada graphite project focus on finding a strategic partner to recommence mining operations at potentially higher production rates. We're also pleased to note the updated [...]
Electric Royalties Ltd. announces that further to its October 19, 2023 news release, the Company has completed a C$500,000 drawdown under the C$5,000,000 convertible credit facility with Gleason & Sons LLC for working capital. The Company also announces that further to its September 27, 2023 news release, it has completed the C$1,050,000 drawdown under the Credit Facility with the Lender to fund the cash payment to [...]
Electric Royalties Ltd. is pleased to announce that the Company has entered into a Letter of Intent with Perry English, Michael Kilbourne, 1544230 Ontario Inc. and Gravel Ridge Resources Ltd. , dated November 3, 2023, to acquire a portfolio of 126 lithium properties in Eastern Canada . Brendan Yurik, CEO of Electric Royalties, commented: "This proposed acquisition comprises a land package of 126 properties totalling over [...]
Electric Royalties Ltd. is providing an update on the Middle Tennessee Mine in Tennessee, United States, operated by Nyrstar, the operating subsidiary of Trafigura. On October 31, 2023, Nyrstar announced that production operations at MTM will be temporarily paused on November 30, 2023 due to weakened market conditions and inflationary impacts on input costs and operating margins. Operations will resume as soon as [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to note new developments across our portfolio, including the financed and upcoming drill programs at the Cancet, Chubb and Seymour Lake lithium projects; Northern Graphite's continued push to become one of the only major graphite producers outside of China with [...]
Gleason & Sons LLC announced today it has committed to provide an expanded C$10 million convertible loan for Electric Royalties Ltd. to enable the Company to capitalize on new opportunities to acquire undervalued royalties. With its maturity date to be extended two additional years to 2028, the amended Credit Facility will provide Electric Royalties with a long-term, non-dilutive source of capital to bridge the Company to [...]
Electric Royalties Ltd. is pleased to announce, further to its April 20, 2023, January 19, 2023 and November 16, 2022 news releases, that it has signed a commitment letter with Gleason & Sons LLC to increase the Company's existing convertible credit facility from C$5,000,000 to C$10,000,000 . Gleason & Sons LLC is controlled by Stefan Gleason, a significant shareholder and Board Observer of Electric Royalties. The credit [...]
Electric Royalties Ltd. is pleased to announce that it has purchased an additional 0.5% Gross Revenue Royalty on the Bissett Creek graphite project in Ontario, Canada , operated by Northern Graphite Corp. , in exchange for a cash payment of C$950,000. Together with its existing 1% GRR on Bissett Creek, Electric Royalties now holds a 1.5% GRR on Bissett Creek. In connection with the purchase of the additional GRR, the [...]
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