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Electric Royalties Ltd. (ELECF) is a royalty company focused on commodities essential for electrification. With a portfolio of 40 royalties across the globe and 32 lithium properties in Ontario, Canada, the company is strategically positioned to benefit from the growing demand for clean energy minerals. Recent acquisitions have bolstered their royalty count significantly, with a specific focus on lithium, vanadium, manganese, tin, and more. The Company's aggressive growth strategy and diversified portfolio offer investors exposure to the clean energy transition, making them a key player in the decarbonization of the global economy.
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Electric Royalties has entered into an Asset Purchase Agreement to acquire a portfolio of 18 royalty agreements and 32 lithium properties in Ontario, Canada. The Company will issue 2,250,000 common shares and make a cash payment of C$1,875,000 for the Transaction. The completion is expected in April 2024, subject to various approvals. Additionally, the Company has drawn down C$2,500,000 under its convertible credit facility to fund the Transaction.
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Electric Royalties Shareholders Pass Resolutions at Special Meeting, CEO Updates on Royalty Portfolio Progress
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Stefan Gleason acquires additional shares of Electric Royalties Ltd. (ELECF) and now owns around 22% of the company. He cites positive developments in Battery Hill, Seymour Lake, and Mont Sorcier royalties, believing the assets are undervalued. The recent amended LOI on lithium properties boosts the company's royalty count to 44, potentially leading to 80 royalties.
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Electric Royalties Ltd. announces the amended terms of the acquisition of a portfolio of 22 royalty agreements and 36 lithium properties in Ontario, Canada, reducing the cash acquisition cost by approximately C$2.5 million. The Company aims to generate revenues from scheduled option payments and expand exposure to lithium in a top-tier mining jurisdiction.
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Electric Royalties Ltd. provides an update on its royalty portfolio, highlighting advancements in projects like Seymour Lake Lithium Project and Battery Hill Manganese Project. The company remains optimistic about clean energy metal demand and potential government support for critical minerals. Key developments include new nickel sulphide mineralization at Råna Nickel-Copper-Cobalt Project and positive drill results at Chubb Lithium Project. Electric Royalties' portfolio is increasingly focused on advanced development and production.
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Electric Royalties Ltd. announces an amended and restated convertible loan agreement with Gleason & Sons LLC to increase its existing credit facility from C$5 million to C$10 million. The agreement includes details on interest rates, maturity date, repayment options, conversion terms, security, and related party transaction disclosures.
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Electric Royalties Ltd. announces a proposed transaction to acquire a portfolio of 126 lithium properties in Eastern Canada, highlighting the increasing demand for lithium due to clean energy technologies. The Ontario Lithium Projects aim to secure a local supply chain for U.S. battery plants, leveraging Ontario's mining tradition, skilled workforce, and supportive government initiatives. The acquisition includes properties adjacent to high-grade lithium projects, offering significant exploration potential in the emerging lithium market.
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Stefan Gleason has initiated a series of exempt open market purchases of common shares of Electric Royalties Ltd., increasing his direct and indirect ownership stake above 20%. He is using the 'Normal Course Purchase Exemption' to make additional share purchases without triggering a takeover bid requirement. Important developments in connection with several of the Company's larger royalties, along with the potential acquisition of a million-acre package of prospective lithium properties, have led to Gleason's decision to bolster his investment in the Company. His family office, Gleason & Sons LLC, has committed to providing an expanded C$10 million convertible loan to the Company.
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Electric Royalties Ltd. provides updates on its royalty portfolio, including significant progress at the Battery Hill Manganese Project, Seymour Lake Lithium Project, Kenbridge Nickel Project, Chubb Lithium Project, and Penouta Tin-Tantalum Mine. The company anticipates a great year as its portfolio matures and more royalty assets advance toward production.
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Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) appoints Stefan Gleason as a director, effective December 11, 2023.
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FAQ
What is the current stock price of ELECTRIC ROYALTIES (ELECF)?
The current stock price of ELECTRIC ROYALTIES (ELECF) is $0.12608 as of January 10, 2025.
What is the market cap of ELECTRIC ROYALTIES (ELECF)?
The market cap of ELECTRIC ROYALTIES (ELECF) is approximately 12.3M.
What commodities does Electric Royalties focus on?
Electric Royalties focuses on commodities such as lithium, vanadium, manganese, tin, and more, that are essential for electrification.
Where are the lithium properties of Electric Royalties located?
Electric Royalties has 32 lithium properties in Ontario, Canada, strategically positioning them to benefit from the growing demand for lithium.
Who is Stefan Gleason, and what is his role with Electric Royalties?
Stefan Gleason is a Charlotte-based entrepreneur and Director of Electric Royalties. His family office has provided the Company with a C$10 million convertible credit facility.
What recent acquisitions has Electric Royalties made?
Electric Royalties recently acquired a portfolio of 18 royalty agreements and 32 lithium properties in Ontario, Canada, expanding their presence in the region.
How does Electric Royalties plan to grow its portfolio?
Electric Royalties aims to acquire royalties on advanced stage and operating projects in low geopolitical risk jurisdictions to build a diversified portfolio aligned with the clean energy transition.
ELECTRIC ROYALTIES LTD
OTC:ELECF
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