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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. announced the filing of a Preliminary Economic Assessment (PEA) for Mont Sorcier, a significant iron and vanadium project in Quebec, by Voyager Metals Inc. The project is estimated to generate average annual royalty revenues between US$750,000 and US$1.5 million for Electric Royalties. The PEA indicates a robust after-tax NPV of $1.6 billion and an IRR of 43%, with production targeting approximately 5.0 million tonnes of high-grade iron concentrate per year. The project could start generating cash flow in the first operational year and has a projected mine life of 21 years.
Electric Royalties Ltd. has completed the acquisition of a 0.5% gross revenue royalty on the Zonia Copper Oxide Project in Arizona from World Copper Ltd. for C$1,550,000 cash and 2,000,000 common shares. The company holds the option to purchase an additional 0.5% GRR for C$3,000,000 within 15 months. The Zonia Project, with extensive historical exploration, presents significant resource expansion potential, as only 30% has been drilled. Future prefeasibility studies are planned, aiming to enhance resources and advance to production.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) announced a new Shareholder Rights Plan aimed at protecting shareholders during potential take-over bids. Effective immediately, the plan requires ratification at the 2022 annual general meeting and will last for three years if approved. The Board believes this plan enhances shareholder interests and aligns with similar strategies from other Canadian firms. The rights plan is pending customary stock exchange approval and aims to bolster fair treatment of shareholders in any acquisition scenario.
Electric Royalties Ltd. (TSXV:ELEC, OTCQB:ELECF) has terminated its agreement to sell 1% of its 1.5% Net Smelter Royalty on the Seymour Lake Lithium Deposit due to Lithium Royalty Corp.'s refusal to waive closing conditions. The Company retains its full NSR on the deposit, which has seen its mineral resource estimate double. Additionally, lithium carbonate prices have surged to over $70,000 a tonne in China, and property owners raised A$55M for development, creating a favorable outlook for the Company's royalty position.
Electric Royalties Ltd. (ELECF) has provided an update on its lithium royalty portfolio, with lithium assets making up 40% of its holdings. CEO Brendan Yurik stated that lithium prices have surged 350% over the past year, with over $200 million raised for asset development in the last quarter. Key projects include the Authier Lithium Project, which is expected to enter production in Q1 2023, and the Cancet and Seymour Lake projects showing promising exploration results. Electric Royalties holds key stakes in these projects, enhancing its position in the growing electric vehicle market.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) released an asset update on July 21, 2022, highlighting advancements in its lithium and graphite royalty portfolio. Key updates include the doubling of indicated mineral resources at the Seymour Lake project to 5.2 million tonnes at 1.29% lithium oxide and significant drilling at Cancet. The Graphmada project’s resource estimate increased to 31 million tonnes at 4.8% Fixed Carbon. The company has raised nearly A$100 million in funding for these projects, indicating strong financial backing and ongoing exploration activities.
Private investor Stefan Gleason announced an increase in his stake in Electric Royalties Ltd. to over 13% by acquiring an additional 216,000 shares at a cost of $55,821 CAD. Following this purchase on July 15, 2022, Gleason's total holdings reached 11,813,928 shares and 500,000 warrants, amounting to 13.37% of the company’s outstanding shares. Gleason expressed confidence in the company's undervalued position and its strong management, emphasizing a promising future.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) announced that Manganese X Energy Corp. has filed a Preliminary Economic Assessment (PEA) for the Battery Hill manganese project in New Brunswick. Electric Royalties holds a 2% gross revenue royalty on this project, which forecasts average annual gross revenues of US$177 million over a projected 47-year mine life. Key metrics from the PEA include an after-tax NPV of $486 million and an IRR of 25%. The project is noted for its low environmental impact and significant economic potential as it advances towards production.
Stefan Gleason, a private investor, has acquired an additional 1,138,750 shares of Electric Royalties Ltd. (ELECF) on June 30, 2022, raising his ownership to approximately 11.24% of the company's total shares. The acquisition cost was $223,717.71 CAD, averaging $0.196 per share. Previously, Gleason owned 8,709,979 shares and 500,000 warrants. He describes the company as undervalued and expects to continue increasing his investment, citing strong management and a first-mover advantage in the electric metals royalty sector.
Electric Royalties Ltd. has announced the sale of 1% of its 1.5% Net Smelter Royalty on the Seymour Lake Lithium Deposit for $4 million to Lithium Royalty Corp. The transaction is expected to close by mid-August 2022, subject to due diligence. The sale will provide capital for further investments in production opportunities. The company aims to enhance cash flow and believes its current valuation does not reflect the full value of its royalty portfolio, which includes 19 royalties and a focus on advanced-stage projects.
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