Electric Royalti Stock Price, News & Analysis

Electric Royalties Ltd. has announced the sale of 1% of its 1.5% Net Smelter Royalty on the Seymour Lake Lithium Deposit for $4 million to Lithium Royalty Corp. The transaction is expected to close by mid-August 2022, subject to due diligence. The sale will provide capital for further investments in production opportunities. The company aims to enhance cash flow and believes its current valuation does not reflect the full value of its royalty portfolio, which includes 19 royalties and a focus on advanced-stage projects.

Electric Royalties Ltd. (TSXV:ELEC, OTCQB:ELECF) reports significant developments in its royalty portfolio for the first half of 2022.

The company noted progress in 11 assets, including the Millennium copper-cobalt project in Australia and the Seymour Lake lithium project in Ontario. Drill results at Seymour Lake suggest continuous mineralization, with a resource estimate expected soon. Manganese X Energy is advancing its Battery Hill manganese royalty, while Sayona Mining raised over $150 million for its Authier lithium project. Overall, rising metal prices enhance the company's royalty value.

Electric Royalties Ltd. (TSXV: ELEC, OTCQB: ELECF) has signed a binding letter agreement with World Copper Ltd. to acquire a 0.5% gross revenue royalty on the Zonia Copper Oxide Project in Arizona for C$1.55 million and 2 million common shares. The company can acquire an additional 0.5% GRR for C$3 million within 15 months. Zonia contains over 500 million pounds of copper and is anticipated to have a low-cost production path due to its location and existing infrastructure. The project is projected to meet increasing global copper demand.

Electric Royalties Ltd. reports that Sayona Mining has secured a A$190 million institutional placement to restart spodumene concentrate production at its North American Lithium operation in Quebec. The funding also includes A$35 million for Authier development. This initiative positions Sayona to establish a significant lithium mining hub and is expected to boost production ahead of competitors. Electric Royalties holds a 0.5% gross revenue royalty on Authier, which is being developed at no cost to the company. The growing demand for lithium due to the electrification of vehicles is a key market driver.

Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) has successfully closed the acquisition of a 1% Net Smelter Royalty on the Sleitat Tin-Silver deposit in Alaska from a subsidiary of Cornish Metals Inc. This acquisition includes 1,425 hectares and is strategic for the Company's growing portfolio of royalties. Additionally, Electric Royalties announced a partnership with Renmark Financial Communications for investor outreach, incurring monthly fees of C$9,000. Electric Royalties focuses on acquiring royalties tied to essential commodities for the electrification movement.

Electric Royalties Ltd. (TSXV:ELEC, OTCQB:ELECF) reported a positive update on its royalty assets, highlighting ongoing developments in its Graphmada graphite and Seymour Lake lithium projects. The company has seen 17 updates across 10 royalties in 2022, funded at no cost. Significant milestones include completed drill programs in Madagascar and Ontario, indicating substantial mineral resource potential. Electric Royalties holds a growing portfolio of 18 royalties, with a focus on advanced projects in low-risk jurisdictions, capitalizing on increasing demand for essential minerals in the electrification and renewable energy sectors.

Electric Royalties Ltd. (TSX.V:ELEC) (OTCQB:ELECF) announced a significant increase in royalty payments from the Middle Tennessee Mine due to rising zinc prices. Since the acquisition on August 11, 2021, total royalty revenue reached approximately US$1,158,000 (C$1,459,000), with about US$289,000 (C$365,000) attributable to Electric Royalties. Zinc prices have surged 41% to US$4,260 per ton. CEO Brendan Yurik expressed optimism about future royalty acquisitions as zinc remains crucial for clean energy developments.

Electric Royalties Ltd. (TSX-V:ELEC)(OTCQB:ELECF) has shared a significant update regarding its royalty portfolio as of Q1 2022. The company highlights promising drill results from projects including Cancet (lithium), Seymour Lake (lithium), and Graphmada (graphite). Notably, the upcoming Preliminary Economic Assessment (PEA) for the Battery Hill manganese project could potentially enhance royalty revenues. The company is optimistic about continued progress across various assets and anticipates further updates within the year.

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.