Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Another exciting update from our portfolio of 22 royalties. To date in 2023, we have announced 38 development updates across 14 different assets, including 7 new updates since our last release in May. It's encouraging to see such broad and sustained progress throughout Electric [...]
Electric Royalties Ltd. is pleased to provide the following update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to have begun receiving payments from our recently acquired Penouta tin-tantalum royalty. We are now generating cash flow from both zinc and tin royalties, and expect our lithium royalty on the Authier Project to begin generating cash in the near future [...]
Electric Royalties Ltd. is pleased to announce the closing of the previously announced acquisition of a 0.5% gross revenue royalty on certain mining claims, mining leases and mineral tenures comprising the wholly-owned Kenbridge Nickel Project in northwest Ontario, Canada with Tartisan Nickel Corp. in exchange for C$500,000 cash and 2,500,000 common shares of the Company . The Company has the right, for a period of 18 [...]
Electric Royalties Ltd. is pleased to announce, further to its April 20, 2023 press release, that it has elected to draw down C$500,000 under the C$5,000,000 convertible credit facility with Gleason & Sons LLC , which is controlled by a significant shareholder. The Loan has a term of 3 years and bears interest at a floating rate + 7%), with a maximum interest rate of 12.5%, with Interest payments capitalized into the [...]
Electric Royalties Ltd. is pleased to announce, further to its November 15, 2022 and January 19, 2023 press releases, that it has entered into an agreement with Gleason & Sons LLC to increase the Company's existing convertible credit facility from C$2,000,000 to C$5,000,000 . Gleason & Sons LLC is controlled by Stefan Gleason, a significant shareholder of Electric Royalties. The Lender has also agreed to modify the [...]
Electric Royalties Ltd. is pleased to provide the following update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's an exciting time for Electric Royalties as the Authier lithium project is nearing production as part of the largest lithium mining operation in Canada, the nearby North American Lithium operation, where production has already commenced. Upon commencement of [...]
Electric Royalties Ltd. is pleased to announce that Sayona Mining Limited has voluntarily submitted its Authier Lithium Project for an environmental impact assessment and review under the Québec Government's 'BAPE' process. According to Sayona's news release dated February 27, 2023, its request has been accepted by Québec's Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. The BAPE's [...]
Electric Royalties Ltd. is pleased to announce the signing of a binding letter agreement with Tartisan Nickel Corp. to acquire a 0.5% gross revenue royalty on certain mining claims, mining leases and mineral tenures comprising the wholly-owned Kenbridge Nickel Project in northwest Ontario, Canada in exchange for C$500,000 cash and 2,500,000 common shares of the Company . The Company will also have the right, for a period [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's a great start to 2023 with nine royalty asset updates setting the stage for an exciting year for Electric Royalties' shareholders. With the recent acquisition of a royalty on the Penouta tin-tantalum mine, our second cash-flowing royalty, we are eager for the Authier [...]
Electric Royalties Ltd. is pleased to announce the closing of the previously announced acquisition of a 0.75% gross revenue royalty on the producing Penouta tin-tantalum mine in Spain with Strategic Minerals Europe Corp. in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company has an option for a period of 7 months from closing to acquire an additional 0.75 [...]
Electric Royalties Ltd. is pleased to announce, further to its November 15, 2022 press release, that it has elected to draw down C$1,000,000 under the C$2,000,000 convertible credit facility with Gleason & Sons LLC , which is controlled by a significant shareholder. The Loan has a term of 3 years and bears interest at 15%, with Interest payments capitalized into the principal amount and due at the end of the Loan term. At [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Despite the difficult equity markets in the past six months, it has been tremendously exciting to see progress continue across our portfolio, particularly at our lithium assets. Upon forecast restart in Q1 2023, Sayona Mining's North American Lithium operation will become [...]
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