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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.

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Rhea-AI Summary
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) provided updates on its royalty portfolio, including Seymour Lake lithium project's updated mineral resource estimate, Mont Sorcier iron and vanadium project's potential project financing support, Chubb lithium project's drilling program, and the situation at Penouta tin-tantalum mine and Graphmada graphite mine.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.31%
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Rhea-AI Summary
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) announces completion of C$500,000 drawdown under C$5,000,000 convertible credit facility with Gleason & Sons LLC for working capital. The company also completed C$1,050,000 drawdown to fund the cash payment for additional GRR on the Bissett Creek project. Loans bear interest at a floating rate, with Interest payments capitalized into the principal amount and due at the Maturity Date. Loaned amounts plus accrued Interest are convertible into common shares of Electric Royalties. Disinterested shareholder approval will be required for any Conversion that results in the Lender holding more than 20% of the outstanding voting shares of the Company. The Maturity Date of the Drawdown and the Previous Drawdown under the Credit Facility is January 12, 2026.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.32%
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Rhea-AI Summary
Electric Royalties Ltd. has entered into a Letter of Intent to acquire a portfolio of 126 lithium properties in Eastern Canada. The properties are currently being explored by third parties under option agreements and have the potential to result in royalties payable to Electric Royalties. The acquisition is expected to generate approximately C$6 million in option payments over the next three years. Canadian-sourced lithium is strategically located near the U.S. battery belt and is expected to play a significant role in the EV battery supply chain.
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Rhea-AI Sentiment
End-of-Day
-9.92%
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Electric Royalties Ltd. provides an update on the Middle Tennessee Mine (MTM) in Tennessee, operated by Nyrstar. Production operations at MTM will be temporarily paused on November 30, 2023, due to weakened market conditions and inflationary impacts on costs and margins. Nyrstar plans to conduct exploration drilling during the pause to define additional zinc, germanium, and gallium resources. Electric Royalties owns a 25% economic interest in the MTM zinc royalty.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.94%
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Rhea-AI Summary
Electric Royalties Ltd. provides an update on its royalty portfolio, highlighting new developments in various projects. These include financed and upcoming drill programs at Cancet, Chubb, and Seymour Lake lithium projects, Northern Graphite's progress in becoming a major graphite producer, metallurgical work for the Battery Hill manganese project, and advancements at the Mont Sorcier iron and vanadium project towards a $420 million financing package.
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Rhea-AI Sentiment
End-of-Day
-4.32%
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Gleason & Sons commits to providing Electric Royalties with $10 million convertible credit facility for acquiring cash-flowing royalties
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Rhea-AI Sentiment
End-of-Day
1.81%
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Rhea-AI Summary
Electric Royalties signs commitment letter to increase convertible credit facility to C$10,000,000 with Gleason & Sons LLC
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Rhea-AI Sentiment
End-of-Day
-0.83%
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Rhea-AI Summary
Electric Royalties Ltd. acquires additional 0.5% Gross Revenue Royalty on Bissett Creek graphite project, bringing total to 1.5%. Northern Graphite to make separate fixed royalty payment of C$200,000. Project has high-value graphite suitable for battery market. Production target of 42,000 tonnes per year. Major permits well advanced.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.27%
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Rhea-AI Summary
Electric Royalties provides update on royalty portfolio, including increased royalty rate on cash-flowing Penouta tin-tantalum royalty. Record production and sales reported at Penouta Mine. Mont Sorcier project secures up to US$420 million of support for project financing. Nickel-copper-cobalt mineralization intersected at Råna Project. Drill program and metallurgical test work ongoing at Chubb Lithium Project.
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Rhea-AI Summary
Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) Updates Royalty Portfolio with Significant Progress, Including $420 Million Financing for Mont Sorcier Project
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.36%
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Electric Royalties Ltd

OTC:ELECF

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