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 (TSXV:ELEC, OTCQB:ELECF) announced the conversion of C$578,176.37 of accrued interest from its convertible credit facility into 2,753,220 common shares priced at C$0.21 per share. This conversion, subject to TSX Venture Exchange approval, is expected to be completed in June 2024. The transaction is categorized as a 'Shares for Debt' under TSXV Policy 4.3. Resale restrictions will apply to the issued shares for four months and one day under Canadian law, and six months under U.S. law. The conversion does not trigger 'related party transaction' requirements under TSXV Policy 5.9 and MI 61-101, as it qualifies for an exemption.
On May 30, 2024, Stefan Gleason announced the acquisition of additional shares of Electric Royalties, boosting his ownership to over 26% of the company's common shares. This acquisition follows Electric Royalties' expansion to 72 assets, including 40 royalties. Gleason utilized both the 'Normal Course Purchase Exemption' and the 'Private Agreement Exemption' for this purchase. Additionally, Electric Royalties received a C$10 million convertible credit facility from Gleason’s family office, enabling further asset acquisition without diluting existing shareholders. Gleason emphasized the undervaluation of Electric Royalties shares based on a conservative NPV analysis of future cash flows and positive developments in various assets.
Electric Royalties provided key updates on its lithium, graphite, copper, nickel, and tin royalties. The company awaits a decision on the Penouta mine permit appeal by May 31 and is optimistic about resuming production, potentially boosting revenue. Despite a downturn in lithium prices, the North American Lithium joint venture continues ramping up operations, with potential contributions from the Authier deposit.
Greenwing Resources plans to bring the Graphmada graphite mine back into larger-scale production, pending financing. The Zonia copper project in Arizona is advancing towards a feasibility study, while the Graphite Bull project progresses towards a pre-feasibility study following Aboriginal Heritage clearances.
Additional updates include Tartisan Nickel's acquisition of new claims at the Kenbridge project and ongoing exploration at the Chubb Lithium project. These developments reflect the strong pipeline in Electric Royalties' portfolio, potentially enhancing near-term cash flows and long-term value.
Electric Royalties (ELECF) closed the acquisition of a significant lithium royalty and option portfolio in Ontario, Canada. The company acquired 18 royalty agreements and 32 lithium properties, doubling its overall royalty portfolio. This strategic move enhances the company's growth opportunities, considering the potential lithium price rebound. The properties are strategically located near major lithium discoveries and are expected to revert into royalty interests for Electric Royalties upon exercise of option agreements. The acquisition aligns with the increasing demand for battery metals, especially lithium, driven by the shift towards clean energy systems.
Stefan Gleason, a U.S. metals dealer, has increased his stake in Electric Royalties to 24%. Gleason cites positive developments in the company's royalties, particularly Battery Hill, Seymour Lake, and Mont Sorcier, as reasons for his increased investment. He highlights the undervaluation of Electric Royalties and points to the recent acquisition of a package of lithium properties that will provide near-term cash flow and expand the company's royalty count. Gleason's use of the 'Normal Course Purchase Exemption' allows him to acquire additional shares without triggering a takeover bid requirement. His continued investment showcases confidence in Electric Royalties' potential.
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