Welcome to our dedicated page for Electric Royalti news (Ticker: ELECF), a resource for investors and traders seeking the latest updates and insights on Electric Royalti stock.
Electric Royalties Ltd. (ELECF) provides strategic updates through this dedicated news hub, offering investors and stakeholders timely access to press releases and developments in the clean energy metals sector. Track the company's progress in securing royalty agreements, project expansions, and market positioning within the global electrification movement.
This resource delivers essential updates on acquisitions, earnings reports, and partnerships tied to critical minerals like lithium, copper, and nickel. Users gain insights into how ELECF's diversified portfolio supports renewable energy infrastructure while mitigating operational risks through non-dilutive financing models.
Discover announcements on new streaming agreements, resource expansions, and financial instruments designed to strengthen the company's asset-backed revenue streams. Content is curated to help investors monitor ELECF's role in enabling battery technology advancements and grid-scale energy solutions.
Bookmark this page for streamlined access to verified updates on Electric Royalties' global mining interests. Regularly updated content ensures stakeholders stay informed on strategic moves shaping the clean energy transition.
Electric Royalties (ELECF) provided updates on its royalty portfolio, highlighting significant developments across multiple projects. The company's Seymour Lake lithium royalty (1.5% NSR) has seen substantial progress, with operator Green Technology Metals securing over $70M in funding and a potential $100M government financing. The project aims for production by 2027, with a Feasibility Study planned for 2026.
The Battery Hill manganese project (2.0% GMR) reported positive drilling results and over 95% effectiveness in ore sorting studies. The Mont Sorcier vanadium project showed promising metallurgical results, with a Feasibility Study expected in Q1 2026. The Authier lithium royalty is set to be integrated into the producing NAL mine following Sayona Mining's merger with Piedmont Lithium.
Additional developments include Graphite Bull's updated resource estimate showing a 345% increase in contained graphite, and the Zonia copper project's pending sale to a European metals investment manager for C$26.0 million.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has expanded its portfolio from 11 to 43 royalties over the past five years, representing a 290% increase. The company also holds 17 lithium properties optioned out with potential for future cash-flowing royalties.
Key assets include:
- A 0.75% Gross Revenue Royalty on Chile's Punitaqui copper-gold mine
- 2% Gross Metal Royalty on Battery Hill Manganese Project
- 1% Gross Metal Royalty on Mont Sorcier Iron-Vanadium deposit
- 1.5% Gross Revenue Royalty on Bissett Creek Graphite Project
The company operates a low-risk royalty model, avoiding operational costs while benefiting from commodity price increases and production expansions. Insiders hold significant ownership: management family (~18%), Stefan Gleason (~28%), and Globex Mining (~11%). The company has a C$10 million convertible debt facility maturing in January 2028.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has announced the appointment of Craig Lindsay as Chairman of the Board, following the company's annual meeting on March 14, 2025. Lindsay, who has been an independent director since 2016, succeeds Marchand Snyman, who served as director and Chair since 2020.
Lindsay brings over 30 years of experience in corporate finance, venture capital, and public company management. He is currently the Managing Director of Arbutus Grove Capital Inc and has previously founded and led successful ventures including Otis Gold Corp and Magnum Uranium Corp.
The transition occurs at what the company describes as a critical juncture, with Electric Royalties focusing on its portfolio of 42 royalties in metals essential for sustainable energy transition, particularly copper and graphite. At the annual shareholders' meeting, Bob Schafer, Stefan Gleason, Brendan Yurik, and Craig Lindsay were re-elected as directors, and all resolutions from the January 24, 2025 Information Circular were approved.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has announced that Gleason & Sons has chosen to convert C$428,540.40 of accrued interest from the company's convertible credit facility into 3,174,373 common shares at a conversion price of C$0.135 per share.
The conversion, which is being treated as a 'Shares for Debt' transaction under TSXV Policy 4.3, is expected to be completed in February 2025, subject to TSX Venture Exchange approval. The converted shares will carry resale restrictions, including a four-month and one-day holding period under Canadian securities laws and a six-month period under U.S. securities laws.
The transaction is exempt from 'related party transaction' requirements under TSXV Policy 5.9 and MI 61-101 regulations.
Electric Royalties (ELECF) provided updates on several key assets following its recent C$2.5 million equity financing. The company now holds 41 royalties plus 29 optioned properties across nine clean energy metals.
Key developments include:
- At Punitaqui Copper Mine (0.75% royalty), drilling results showed significant copper grades, with highlights including 19.8m at 2.3% copper
- Graphite Bull Project (0.75% royalty) reported good grade intersections with resource update expected February 2025
- Mont Sorcier Iron-Vanadium Project (1.0% vanadium royalty) is advancing metallurgical testing for feasibility study completion by Q1 2026
- Råna Nickel Project (1.0% royalty) discovered new zones of near-surface nickel-copper mineralization
- Kenbridge Nickel Project (0.5% royalty) secured C$500,000 in financing for exploration and development
Electric Royalties (ELECF) has successfully closed its brokered private placement, selling 12,248,235 units at C$0.18 per unit for gross proceeds of C$2,204,682. Additionally, the company completed a non-brokered private placement with Globex Mining Enterprises of 1,666,667 units at the same price, raising an additional C$300,000.
The total gross proceeds from both placements amount to C$2,504,682. Each unit consists of one common share and one warrant exercisable at C$0.25 for two years. The proceeds will fund a C$450,000 payment for the 0.75% Gross Revenue Royalty on the Punitaqui copper mine in Chile and general corporate purposes.
The brokered offering was conducted through Canaccord Genuity Corp. and Red Cloud Securities, who received C$122,827.77 in cash commission and 682,377 broker warrants exercisable at C$0.18 until January 15, 2027.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has provided an update on the Battery Hill Manganese Project in New Brunswick, where it owns a 2% Gross Metal Royalty. Project operator Manganese X Energy announced a non-brokered private placement to raise C$2.1 million, including a C$2 million commitment from mining investor Eric Sprott.
The funds will primarily advance the project's pre-feasibility study. According to a 2022 preliminary economic assessment, Battery Hill is projected to generate US$177 million in annual gross revenue over a 47-year mine life, with a payback period under three years. The pre-feasibility study's completion would mark a significant milestone for the project's development as a potential leading North American source of high-purity manganese for the battery industry.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) has filed an amended and restated offering document for its brokered private placement. The offering includes up to 22,222,223 units at C$0.18 per unit, targeting gross proceeds up to $4 million. Each unit comprises one common share and one purchase warrant exercisable at C$0.25 for 2 years.
The key amendment introduces a minimum proceeds requirement of $1.5 million to ensure eligibility under the Listed Issuer Financing Exemption. Securities issued to Canadian residents (except Quebec) won't be subject to a hold period. The offering, led by Canaccord Genuity Corp. and Red Cloud Securities, is expected to close around January 9, 2025.
Electric Royalties (TSXV:ELEC, OTCQB:ELECF) announced that Green Technology Metals, operator of the Seymour Lake Lithium Project in Ontario, has received a C$100 million letter of interest for financing from Export Development Canada (EDC). Electric Royalties owns a 1.5% Net Smelter Royalty on the project.
The potential EDC financing, subject to due diligence and environmental review, could help accelerate the project's development toward becoming Ontario's first lithium producer. Green Technology Metals expects to finalize the financing structure in 2025 alongside a feasibility study currently in progress, with additional interest from global commercial lenders.
Electric Royalties provided updates on multiple royalty assets in its portfolio. Key developments include: Graphite Bull Project confirming mineralization over 240m strike outside existing resource; Authier Lithium Project announcing a merger between Sayona Mining and Piedmont Lithium with A$149M in equity raising; Millennium Project reporting significant graphite results; Mont Sorcier Project securing funding for feasibility study completion; Seymour Lake Project receiving C$5.47M government funding for infrastructure; Battery Hill Project commencing drilling to upgrade resources; and Zonia Project announcing amended mineral resources of 112.2M short tons at 0.297% copper (Indicated) and 62.9M short tons at 0.255% copper (Inferred).
