Electric Royalti Stock Price, News & Analysis

Electric Royalties Ltd. has announced updates on its royalty portfolio, highlighting significant developments particularly in lithium assets. Sayona Mining's North American Lithium operation is on track for a forecasted production restart in Q1 2023, integrating millfeed from the Authier project, where Electric holds a 0.5% royalty. The company anticipates positive outcomes from other lithium projects like Seymour Lake and Cancet. The newly discovered Blue Bear deposit at Seymour Lake and strong metallurgical results from the Graphite Bull project also indicate promising growth. Overall, 2023 is seen as a pivotal year for Electric Royalties.

Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) has signed an agreement with Strategic Minerals Europe Corp. to acquire a 0.75% Gross Revenue Royalty on the Penouta tin-tantalum mine in Spain for C$1,000,000 and 500,000 common shares. Investors can expect additional opportunities as Electric Royalties may acquire an additional 0.75% GRR. The Penouta Mine is Europe’s largest producer of tin and tantalum, showing strong production trends, including peak production of 80 tonnes in September. This acquisition positions Electric Royalties favorably amidst increasing tin demand.

Electric Royalties Ltd. (TSXV:ELEC) has signed an agreement to acquire a 0.75% Gross Revenue Royalty on the Penouta tin-tantalum mine in Spain from Strategic Minerals Europe Corp. for C$1,000,000 and 500,000 common shares. The acquisition includes an option for an additional 0.75% GRR for C$1,250,000. The Penouta mine is the largest tin-tantalum producer in Europe, with growing production and potential new revenue streams. The deal reflects a strategic move to enhance Electric Royalties' portfolio as demand for tin is expected to rise significantly by 2030.

Electric Royalties Ltd. has signed an agreement to acquire a 0.75% Gross Revenue Royalty (GRR) on the Penouta tin-tantalum mine in Spain from Strategic Minerals Europe Corp. for C$1,000,000 and 500,000 common shares. An additional 0.75% GRR option can be acquired for C$1,250,000 within seven months. The Penouta mine is Europe's largest tin-tantalum producer, with significant production increases in 2022. Q2 2022 revenues reached US$4.7 million, with a 25.8% adjusted EBITDA margin.

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) provided an update on its lithium royalty portfolio, highlighting rapid advancements in key projects. Sayona Mining's North American Lithium operation is projected to become Canada's only producing lithium mine by early 2023, with lithium prices soaring from under $500 to over $7,500 per tonne. The Authier project is nearing production, and significant progresses have been reported at Cancet and Battery Hill projects. The company maintains a focus on acquiring royalties in stable jurisdictions to capitalize on the demand for clean energy metals.

Investor Stefan Gleason has increased his stake in Electric Royalties Ltd. (ELECF) to approximately 15.4% after acquiring an additional 2% of outstanding shares. The latest purchase occurred on September 23, 2022, costing $90,739 CAD. Gleason expressed optimism about the company's future, particularly its expected cash flow from its royalty portfolio. Previously, his stake was 13.08%. This report aligns with Canadian securities regulations and aims to inform shareholders about changes in ownership.

Electric Royalties Ltd. announced the filing of a Preliminary Economic Assessment (PEA) for Mont Sorcier, a significant iron and vanadium project in Quebec, by Voyager Metals Inc. The project is estimated to generate average annual royalty revenues between US$750,000 and US$1.5 million for Electric Royalties. The PEA indicates a robust after-tax NPV of $1.6 billion and an IRR of 43%, with production targeting approximately 5.0 million tonnes of high-grade iron concentrate per year. The project could start generating cash flow in the first operational year and has a projected mine life of 21 years.

Electric Royalties Ltd. has completed the acquisition of a 0.5% gross revenue royalty on the Zonia Copper Oxide Project in Arizona from World Copper Ltd. for C$1,550,000 cash and 2,000,000 common shares. The company holds the option to purchase an additional 0.5% GRR for C$3,000,000 within 15 months. The Zonia Project, with extensive historical exploration, presents significant resource expansion potential, as only 30% has been drilled. Future prefeasibility studies are planned, aiming to enhance resources and advance to production.

Electric Royalties (TSXV:ELEC)(OTCQB:ELECF) announced a new Shareholder Rights Plan aimed at protecting shareholders during potential take-over bids. Effective immediately, the plan requires ratification at the 2022 annual general meeting and will last for three years if approved. The Board believes this plan enhances shareholder interests and aligns with similar strategies from other Canadian firms. The rights plan is pending customary stock exchange approval and aims to bolster fair treatment of shareholders in any acquisition scenario.