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 [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's been quite a summer of progress for our royalty portfolio with 19 updates from our asset partners over 4 months. We're especially excited about the most recent production update on our cash-flowing Penouta tin-tantalum royalty, on which we've increased our royalty rate to [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Significant ongoing progress is being made across our portfolio, culminating in this sixth consecutive update containing at least seven new developments in our 22-royalty portfolio. "We're pleased to note the UK Export Credit Agency's interest in providing $420 million towards [...]
Electric Royalties Ltd. announces that it has exercised its option to increase its existing 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain , operated by Strategic Minerals Europe Corp. , by a further 0.75% in exchange for a cash payment of C$1,250,000. Electric Royalties now holds an aggregated 1.5% GRR on Penouta. Upon receipt by the Company of C$1,666,667 in aggregate royalty revenues [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Another exciting update from our portfolio of 22 royalties. To date in 2023, we have announced 38 development updates across 14 different assets, including 7 new updates since our last release in May. It's encouraging to see such broad and sustained progress throughout Electric [...]
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