Electric Royalties Ltd. is pleased to announce the closing of the previously announced acquisition of a 0.75% gross revenue royalty on the producing Penouta tin-tantalum mine in Spain with Strategic Minerals Europe Corp. in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company has an option for a period of 7 months from closing to acquire an additional 0.75 [...]
Electric Royalties Ltd. is pleased to announce, further to its November 15, 2022 press release, that it has elected to draw down C$1,000,000 under the C$2,000,000 convertible credit facility with Gleason & Sons LLC , which is controlled by a significant shareholder. The Loan has a term of 3 years and bears interest at 15%, with Interest payments capitalized into the principal amount and due at the end of the Loan term. At [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Despite the difficult equity markets in the past six months, it has been tremendously exciting to see progress continue across our portfolio, particularly at our lithium assets. Upon forecast restart in Q1 2023, Sayona Mining's North American Lithium operation will become [...]
This news release contains amendments to the paragraph below the Financing section heading, and the year production commenced at the Penouta Mine. Complete corrected text follows: Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash [...]
This news release has been amended to add "" in Table 1. Complete corrected text follows: Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the [...]
Strategic Minerals Europe Corp. , a company focused on the production, development, and exploration of tin, tantalum and niobium, announces that it has entered into a letter of intent with Electric Royalties Ltd. with respect to the proposed grant to Electric Royalties of a gross revenue royalty on the Company's Penouta tin-tantalum mine in Spain . Pursuant to the LOI, it is proposed that Electric Royalties will acquire a [...]
Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company will have an option for a period of 7 months from closing to acquire an additional [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We are seeing rapid progress across many of our lithium royalty interests, and we are confident that our commitment to clean energy metal royalties remains a solid business proposition. As an example, Sayona Mining is steadily advancing its North American Lithium operation [...]
Stefan Gleason , a private investor, today announced that he is filing another early warning report in connection with his acquisition of an additional 2% in outstanding shares of Electric Royalties Ltd. , taking his stake in the Company to approximately 15.4%. "I am thrilled to continue snatching up steeply undervalued shares of this first-mover battery metals company, especially as its royalty portfolio appears poised [...]
Electric Royalties Ltd. is pleased to announce that Voyager Metals Inc. has filed a Preliminary Economic Assessment of the Mont Sorcier iron and vanadium project located near Chibougamau, Quebec, Canada, on SEDAR. Electric Royalties holds a 1% gross metal royalty on vanadium production at Mont Sorcier, which is projected to have a 21-year operating mine life. If the anticipated project is placed in production as set out [...]
Electric Royalties Ltd. is pleased to announce closing of the previously announced acquisition of a 0.5% gross revenue royalty on the Zonia Copper Oxide Project in Arizona, USA with World Copper Ltd. in exchange for C$1,550,000 cash and 2,000,000 common shares of the Company . The Company has the right, for a period of 15 months after closing of the Transaction, to acquire a further 0.5% GRR on the Zonia Project for [...]
Electric Royalties announces that its Board of Directors has adopted a shareholder rights plan to help ensure the fair treatment of all Electric Royalties shareholders in connection with any take-over bid for the outstanding common shares of the Company. The Shareholder Rights Plan is effective immediately but is subject to ratification by shareholders of the Company at its 2022 annual general meeting. If ratified, the [...]
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