STOCK TITAN
  1. Home
  2. News
  3. ELECF

Electric Royalties Ltd - ELECF STOCK NEWS

Welcome to our dedicated news page for Electric Royalties (Ticker: ELECF), a resource for investors and traders seeking the latest updates and insights on Electric Royalties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Electric Royalties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Electric Royalties's position in the market.

News
Electric Royalties Signs Asset Purchase Agreement To Acquire Lithium Royalty and Option Portfolio
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
acquisition
-
News
Electric Royalties Provides Six Updates on Its Lithium, Manganese, Vanadium, Nickel, Graphite and Tin Royalties
Rhea-AI Summary
Electric Royalties Shareholders Pass Resolutions at Special Meeting, CEO Updates on Royalty Portfolio Progress
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.24%
Tags
none
-
News
Principal of U.S. Metals Firm Increases Stake in Electric Royalties to 22%
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.27%
Tags
none
News
Electric Royalties Secures New, Highly Favourable Terms on Lithium Royalty and Option Portfolio, Signs Amended and Restated Letter of Intent
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
-
News
Electric Royalties Provides Six Updates on Its Nickel, Graphite, Lithium, and Manganese Royalties
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.73%
Tags
none
-
News
Electric Royalties Announces Agreement To Increase Convertible Credit Facility From C$5 Million to C$10 Million on Favourable Terms
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.44%
Tags
none
News
Electric Royalties Provides Update on Proposed Acquisition of Million-Acre Lithium Option and Land Package in Eastern Canada
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.56%
Tags
acquisition
-
News
Large Electric Royalties Shareholder Utilizes Takeover Bid Exemption, Enabling Additional Open Market Purchases
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.71%
Tags
none
-
News
Electric Royalties Provides Update on Five Royalties in Portfolio
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Electric Royalties Announces Appointment of New Director
Rhea-AI Summary
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) appoints Stefan Gleason as a director, effective December 11, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.11%
Tags
management
Stock ELECF logo
Electric Royalties Ltd

OTC:ELECF

ELECF Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

ELECF Stock Data

21.52M
58.32M
39.56%
3.45%
Other Industrial Metals & Mining
Basic Materials
Link
Canada
Vancouver