Welcome to our dedicated page for Electric Royalti news (Ticker: ELECF), a resource for investors and traders seeking the latest updates and insights on Electric Royalti stock.
Electric Royalties Ltd. (ELECF) news covers the company’s activities as a royalty business focused on metals linked to electrification and the energy transition. The company highlights royalties on projects targeting lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper, which it associates with electric vehicles, rechargeable batteries, large-scale energy storage and renewable energy generation.
News updates frequently describe developments across Electric Royalties’ portfolio of 43 royalties. These items include project-level milestones reported by operators, such as drilling campaigns, updated mineral resource estimates, metallurgical test results, preliminary economic assessments, feasibility studies and permitting progress. Releases also discuss production ramp-up and sales from assets like the Punitaqui Copper Mine in Chile, where Electric Royalties reports receiving royalty revenues tied to copper concentrate shipments.
Company news also addresses corporate and financing events. Electric Royalties has announced interest conversions under a convertible credit facility, private placement financings, grants of stock options, restricted share units and deferred share units, and changes in senior management and service providers aimed at reducing overhead. Marketing initiatives with third-party newsletter and content distributors are also described, providing context on how the company seeks to broaden investor awareness.
For investors and followers of critical minerals, the ELECF news stream offers regular commentary from management on themes such as critical mineral supply chains, jurisdictional risk, and government policy developments. By reviewing these updates, readers can track how underlying lithium, copper, graphite, manganese, vanadium, nickel and other royalty-linked projects progress over time and how those developments relate to Electric Royalties’ stated strategy.
Electric Royalties Ltd. announced the signing of a binding letter of intent to acquire a 1% Net Smelter Royalty (NSR) on the Sleitat Mountain Tin-Silver deposit in Alaska from a subsidiary of Cornish Metals Inc.. The acquisition is valued at 1 million shares and $100,000 cash. The Sleitat Project is one of only two economically viable tin deposits in the U.S. Historical drilling indicates favorable grades, with significant inferred resources. The deal aligns with Electric Royalties' strategy to expand its portfolio in high-demand commodities amid a global drive for electrification.
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) has provided an update detailing active developments in its royalty portfolio. CEO Brendan Yurik highlighted ongoing drilling on lithium assets including Cancet, Seymour Lake, and Chubb. The Battery Hill manganese royalty has received promising metallurgical results, and a potentially significant feasibility study is forthcoming. Additionally, developments at Authier and Graphmada are anticipated. The company holds a diverse portfolio of 18 royalties, with investments poised to benefit from rising clean energy metal prices.
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.
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