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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.
Electric Royalties Ltd. (TSXV:ELEC, OTCQB:ELECF) has entered into a binding letter agreement to acquire a 0.5% gross revenue royalty on the Kenbridge Nickel Project from Tartisan Nickel Corp. for C$500,000 and 2.5 million common shares. The company can purchase an additional 0.5% royalty for C$1.75 million within 18 months. The Kenbridge Project, located in Ontario, has measured and indicated resources of 3.445 million tonnes at 0.97% nickel and 0.52% copper. The preliminary economic assessment indicates potential revenues of C$837 million. The agreement is subject to due diligence and regulatory approvals.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) has announced significant updates on its royalty portfolio, signaling a strong start to 2023. Key highlights include the acquisition of a royalty on the Penouta tin-tantalum mine, marking it as the company's second cash-flowing royalty. The Authier lithium project is on track to enter production later in 2023, potentially becoming the first lithium cash-flowing royalty. The company's lithium portfolio shows promising advancements, including positive metallurgy results at Seymour Lake and a new partnership developing the Bouvier project. Electric Royalties is optimistic about its ongoing projects and an active deal pipeline, expecting many milestones ahead.
Electric Royalties Ltd. announced the closing of its acquisition of a 0.75% gross revenue royalty on the Penouta tin-tantalum mine in Spain, paying C$1,000,000 and issuing 500,000 common shares. The company has an option to acquire an additional 0.75% royalty for C$1,250,000. This move provides Electric Royalties with its first cash flow exposure to tin, essential for electronics and renewable technologies. The Penouta mine is Europe's largest tin and tantalum producer, and the acquisition aligns with Electric Royalties' strategy to capitalize on the growing demand for commodities tied to clean energy initiatives. The mine has significant resources and long-term production potential.
Electric Royalties Ltd. has announced a drawdown of C$1,000,000 under its C$2,000,000 convertible credit facility with Gleason & Sons LLC, a significant shareholder. The three-year loan accrues interest at 15%, with payments due at maturity. After six months, the loan, plus accrued interest, can convert into shares at a minimum price of C$0.50, reflecting a 100% premium over the 30-day VWAP of C$0.62. The funds will be directed towards acquiring the producing Penouta royalty, subject to TSXV approval and customary conditions. Electric Royalties holds 20 royalties, with plans to expand its portfolio in commodities benefiting from electrification.
Electric Royalties Ltd. has announced updates on its royalty portfolio, highlighting significant developments particularly in lithium assets. Sayona Mining's North American Lithium operation is on track for a forecasted production restart in Q1 2023, integrating millfeed from the Authier project, where Electric holds a 0.5% royalty. The company anticipates positive outcomes from other lithium projects like Seymour Lake and Cancet. The newly discovered Blue Bear deposit at Seymour Lake and strong metallurgical results from the Graphite Bull project also indicate promising growth. Overall, 2023 is seen as a pivotal year for Electric Royalties.
Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) has signed an agreement with Strategic Minerals Europe Corp. to acquire a 0.75% Gross Revenue Royalty on the Penouta tin-tantalum mine in Spain for C$1,000,000 and 500,000 common shares. Investors can expect additional opportunities as Electric Royalties may acquire an additional 0.75% GRR. The Penouta Mine is Europe’s largest producer of tin and tantalum, showing strong production trends, including peak production of 80 tonnes in September. This acquisition positions Electric Royalties favorably amidst increasing tin demand.
Electric Royalties Ltd. (TSXV:ELEC) has signed an agreement to acquire a 0.75% Gross Revenue Royalty on the Penouta tin-tantalum mine in Spain from Strategic Minerals Europe Corp. for C$1,000,000 and 500,000 common shares. The acquisition includes an option for an additional 0.75% GRR for C$1,250,000. The Penouta mine is the largest tin-tantalum producer in Europe, with growing production and potential new revenue streams. The deal reflects a strategic move to enhance Electric Royalties' portfolio as demand for tin is expected to rise significantly by 2030.
Electric Royalties Ltd. has signed an agreement to acquire a 0.75% Gross Revenue Royalty (GRR) on the Penouta tin-tantalum mine in Spain from Strategic Minerals Europe Corp. for C$1,000,000 and 500,000 common shares. An additional 0.75% GRR option can be acquired for C$1,250,000 within seven months. The Penouta mine is Europe's largest tin-tantalum producer, with significant production increases in 2022. Q2 2022 revenues reached US$4.7 million, with a 25.8% adjusted EBITDA margin.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) provided an update on its lithium royalty portfolio, highlighting rapid advancements in key projects. Sayona Mining's North American Lithium operation is projected to become Canada's only producing lithium mine by early 2023, with lithium prices soaring from under $500 to over $7,500 per tonne. The Authier project is nearing production, and significant progresses have been reported at Cancet and Battery Hill projects. The company maintains a focus on acquiring royalties in stable jurisdictions to capitalize on the demand for clean energy metals.
Investor Stefan Gleason has increased his stake in Electric Royalties Ltd. (ELECF) to approximately 15.4% after acquiring an additional 2% of outstanding shares. The latest purchase occurred on September 23, 2022, costing $90,739 CAD. Gleason expressed optimism about the company's future, particularly its expected cash flow from its royalty portfolio. Previously, his stake was 13.08%. This report aligns with Canadian securities regulations and aims to inform shareholders about changes in ownership.
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