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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) has filed a final short form base shelf prospectus, aiming for financial flexibility to support growth initiatives, including royalty acquisitions. The prospectus permits the company to offer up to $100 million in securities over the next 25 months. This move comes as Electric Royalties seeks to leverage the increasing demand for commodities like lithium and cobalt due to the electrification trend. Their portfolio consists of 18 royalties, highlighting the strategy to build a diversified investment in low-risk jurisdictions.
Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) has filed an amended NI 43-101 Technical Report on the Middle Tennessee Mines, effective December 31, 2021, to address regulatory comments. The company holds a 25% interest in a sliding scale royalty on zinc production, which activates at varying price thresholds. Electric Royalties is actively expanding its portfolio, focusing on commodities tied to electrification trends, with a goal of positioning itself as a key player in the clean energy transition.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) filed a NI 43-101 Technical Report on its royalty interest in the Middle Tennessee Mines, effective December 31, 2021. The MTM Royalty, acquired in 2021, operates on a sliding scale based on zinc prices, with royalties applicable above $0.90 per pound. Electric Royalties holds a 25% interest, while Sprott Streaming retains 75%. The Company focuses on acquiring royalties in low-risk jurisdictions to align with the increasing demand for commodities essential to the electrification of energy and transportation sectors.
Electric Royalties Ltd (TSXV:ELEC)(OTCQB:ELECF) has completed the acquisition of a 1% net smelter revenue royalty on the Rana Nickel Project from Scandinavian Resource Holdings and Global Energy Metals Corp. The transaction involved issuing 1,800,000 common shares and a cash payment of $90,000 to SRH, plus issuing 200,000 shares and a $10,000 payment to GEMC. The project is located in Northern Norway and comprises four exploration licenses totaling 25 square kilometers. The deal aims to enhance Electric Royalties' portfolio of 18 royalties, tapping into the growing demand for electric vehicle and renewable energy commodities.
Electric Royalties Ltd. has signed a definitive purchase agreement to acquire a 1% net smelter revenue royalty on the Rana Nickel Project in Norway. This includes four exploration licenses covering 25 square kilometers, alongside cash consideration of $100,000. The Company will issue 2 million common shares, subject to a voluntary escrow lock-up. The Rana Nickel Project, which includes the former Bruvann Nickel mine, showcases historical estimates of 9.15 million tonnes of resources. The agreement facilitates further advancement of the project, aiming for updated resources within 12 to 24 months.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) has announced that its common shares are now DTC eligible, allowing for electronic clearing and settlement through the Depository Trust Company. This DTC eligibility is expected to enhance liquidity and simplify trading for investors in the U.S., thanks to reduced settlement times and costs. The company, which holds a portfolio of 17 royalties associated with commodities essential for the electric revolution, aims to provide investors exposure to the clean energy transition as demand for essential materials increases.
Electric Royalties Ltd. (ELECF) provided an asset update highlighting significant developments in its battery metal royalty portfolio. Key points include:
- Authier Lithium Royalty: Sayona Mining is advancing with a scoping study and drilling program targeting lithium production by 2023.
- Graphmada Graphite Royalty: Greenwing Resources is expanding its deposit and progressing towards restarting mining operations.
- Cancet Lithium Royalty: Winsome Resources raised A$18 million for project advancement.
- Seymour Lake Lithium Royalty: Green Technology Metals raised A$24 million for its drilling program.
The company anticipates further catalysts in 2022, with operators raising over $40 million to bolster asset advancement.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) has updated its corporate presentation to highlight significant growth in its royalty portfolio. The company currently holds 17 royalties, with plans for further acquisitions in 2022. CEO Brendan Yurik emphasized the focus on essential metals for clean energy transition, noting a letter agreement for another royalty acquisition in October. Electric Royalties aims to capitalize on increasing electric vehicle sales and renewable energy demands, positioning investors to benefit from a decarbonized economy.
Electric Royalties Ltd. has announced that the special purpose vehicle, Sprott Resource Streaming and Royalty Corp, has made its first royalty payment following the acquisition of the Middle Tennessee Mine. Electric Royalties retains a 25% interest in the royalty. The zinc prices have risen over 25% since the initial agreement, indicating a favorable market environment. The company highlights that it received its first royalty revenue within 18 months of going public, a significant achievement compared to industry averages.
Electric Royalties Ltd. has signed a letter of intent to acquire a 1% net smelter revenue royalty on the Rana Nickel Project in Northern Norway for 2,000,000 common shares and $100,000 cash. This project includes the former Bruvann Nickel mine, which has significant historical resources. With favorable location and existing infrastructure, the project is seen as having high exploration potential. The acquisition marks Electric Royalties' first exposure to nickel, aligning with the growing demand for this metal in the transition to a decarbonized economy.
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