ELECTRIC ROYALTIES LTD - ELECF STOCK NEWS

Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has signed a binding agreement to acquire a copper stream from Minera Cobre Verde in Chile for US$2.1 million. The stream grants Electric Royalties the right to acquire 76,000 pounds of copper monthly at a fixed price of US$2.75 per pound for four years. The transaction is cash-settled and not dependent on actual production. There's an opportunity to double the stream volume for an additional US$2.1 million. The deal aims to provide immediate cash flow and leverage to potentially increasing copper prices. The stream could generate monthly revenue of US$162,450 to US$324,900 based on projected copper prices.

Electric Royalties (TSXV:ELEC, OTCQB:ELECF) announced a significant expansion in copper resources at World Copper's Zonia Project in Arizona. The updated mineral resource estimate includes 686 million pounds of copper in the Indicated category and 300 million pounds in the Inferred category. This expansion is largely due to using a higher copper price and refined mineralization models.

World Copper is advancing the project into feasibility, with copper cathode production expected to commence within 48 months. The company is also working on a verification drill program for historical leach pads, which could lead to pre-production cash flow for Electric Royalties. Additionally, resource expansion potential has been identified at the Zonia Norte target.

Electric Royalties holds a 0.5% gross revenue royalty on Zonia and an option to acquire a 1% gross revenue royalty on Zonia Norte.

Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has appointed Red Cloud Financial Services Inc. to provide non-exclusive financial advisory and promotional services. Red Cloud, a Toronto-based firm, will assist Electric Royalties in accessing capital markets and enhancing its corporate profile. The engagement begins September 1, 2024, for an initial six-month term with a monthly fee of $10,000. Services include identifying potential financing opportunities, advising on marketing strategies, and facilitating investor communications. Red Cloud will not receive equity compensation, and the engagement is subject to TSX Venture Exchange approval. This partnership aims to strengthen Electric Royalties' market presence and financial positioning.

Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has announced that Gleason & Sons has chosen to convert C$217,479.02 of accrued interest on the company's convertible credit facility into 1,279,288 common shares. The conversion price is set at C$0.17 per share. This transaction, subject to TSX Venture Exchange approval, is expected to be completed in September 2024.

The conversion is treated as a 'Shares for Debt' transaction under TSXV Policy 4.3. The newly issued shares will have resale restrictions, including a four-month and one-day hold period under Canadian securities laws and a six-month hold period under U.S. securities laws. The transaction is exempt from 'related party transaction' requirements under TSXV Policy 5.9 and MI 61-101.

Electric Royalties has released updates on its royalties in lithium, copper, cobalt, and tin projects. The company highlights progress at the Penouta Tin-Tantalum Mine, where production under the section B permit is set to commence, potentially generating early cash flow. However, the section C permit remains suspended due to environmental complaints. The Seymour Lake Lithium Project is advancing towards a feasibility study and permitting, with a new drill program underway to extend the mine life. Millennium Copper-Cobalt Project has initiated a drilling program targeting the Fountain Range-Quamby Fault Zone. The Cancet Lithium Project secured A$25 million for expedited follow-up drilling and prospecting. All developments come at no additional cost to Electric Royalties.

Stefan Gleason, an investor, has filed an early warning report following his acquisition of 2,753,220 additional shares of Electric Royalties (TSXV:ELEC, OTCQB:ELECF) via a loan interest conversion totaling C$578,176.37. This acquisition increases his stake to 28.05% of the company's issued and outstanding shares, up from 26.05%. Gleason has expressed confidence in Electric Royalties, noting the company's low overhead and a significant increase in its asset count to 72, including 40 royalties across nine metals. This filing follows a previous report on May 30, 2024, under Canadian securities early warning provisions.

Electric Royalties (TSXV:ELEC, OTCQB:ELECF) announced the conversion of C$578,176.37 of accrued interest from its convertible credit facility into 2,753,220 common shares priced at C$0.21 per share. This conversion, subject to TSX Venture Exchange approval, is expected to be completed in June 2024. The transaction is categorized as a 'Shares for Debt' under TSXV Policy 4.3. Resale restrictions will apply to the issued shares for four months and one day under Canadian law, and six months under U.S. law. The conversion does not trigger 'related party transaction' requirements under TSXV Policy 5.9 and MI 61-101, as it qualifies for an exemption.

On May 30, 2024, Stefan Gleason announced the acquisition of additional shares of Electric Royalties, boosting his ownership to over 26% of the company's common shares. This acquisition follows Electric Royalties' expansion to 72 assets, including 40 royalties. Gleason utilized both the 'Normal Course Purchase Exemption' and the 'Private Agreement Exemption' for this purchase. Additionally, Electric Royalties received a C$10 million convertible credit facility from Gleason’s family office, enabling further asset acquisition without diluting existing shareholders. Gleason emphasized the undervaluation of Electric Royalties shares based on a conservative NPV analysis of future cash flows and positive developments in various assets.

Electric Royalties provided key updates on its lithium, graphite, copper, nickel, and tin royalties. The company awaits a decision on the Penouta mine permit appeal by May 31 and is optimistic about resuming production, potentially boosting revenue. Despite a downturn in lithium prices, the North American Lithium joint venture continues ramping up operations, with potential contributions from the Authier deposit.

Greenwing Resources plans to bring the Graphmada graphite mine back into larger-scale production, pending financing. The Zonia copper project in Arizona is advancing towards a feasibility study, while the Graphite Bull project progresses towards a pre-feasibility study following Aboriginal Heritage clearances.

Additional updates include Tartisan Nickel's acquisition of new claims at the Kenbridge project and ongoing exploration at the Chubb Lithium project. These developments reflect the strong pipeline in Electric Royalties' portfolio, potentially enhancing near-term cash flows and long-term value.