Electric Royalties Ltd. is pleased to announce that, further to the amended and restated letter of intent described in its March 6, 2024 news release , the Company has entered into an Asset Purchase Agreement with 1544230 Ontario Inc., MK Exploration Services Inc., and Gravel Ridge Resources Ltd. , dated April 8, 2024, to acquire a portfolio of 18 [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It is an encouraging time for Electric Royalties and our shareholders as excellent progress is being made on several of our core holdings. Most prominently, at the Seymour Lake Lithium Project [...]
Stefan Gleason today announced that he is filing an early warning report in connection with his acquisition on the open market of additional shares of Electric Royalties Ltd. . Gleason now beneficially owns or has control or direction over approximately 22% of the Company's issued and outstanding common shares. "With positive developments recently [...]
Electric Royalties Ltd. is pleased to announce that, further to its November 6, 2023 news release, the Company has entered into an Amended and Restated Letter of Intent with 1544230 Ontario Inc., MK Exploration Services Inc., and Gravel Ridge Resources Ltd. , dated March 5, 2024, to acquire a portfolio of 22 royalty agreements and 36 prospective [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Despite softer commodity markets, we're still bullish on clean energy metal demand fundamentals and believe that governments will increasingly prioritize domestic sources of these critical metals. This [...]
Electric Royalties Ltd. is pleased to announce, further to its news releases on October 19, 2023 and April 20, 2023, that it has signed an amended and restated convertible loan agreement with Gleason & Sons LLC dated February 16, 2024 to increase the Company's existing convertible credit facility from C$5,000,000 to C$10,000,000, subject to certain [...]
Electric Royalties Ltd. is pleased to provide an update on the proposed transaction to acquire a portfolio of 126 lithium properties in Eastern Canada . For an overview on the lithium properties and proposed transaction terms, please see Electric Royalties' news release dated November 6, 2023. Brendan Yurik, CEO of Electric Royalties, commented [...]
Stefan Gleason announced today he has begun a series of exempt open market purchases of common shares of Electric Royalties Ltd. , which have recently taken his direct and indirect ownership stake above 20% of the Company's issued and outstanding common shares. Gleason is utilizing the "Normal Course Purchase Exemption" in National Instrument [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's an exciting start to the year with several updates across the portfolio since early December. At the Battery Hill Manganese Project, a preliminary economic assessment projects average annual gross [...]
Electric Royalties Ltd. is pleased to announce the appointment of Stefan Gleason as a director of the Company, effective December 11, 2023. Brendan Yurik, CEO of Electric Royalties, commented: "We thank Stefan Gleason, our largest shareholder, for his ongoing commitment to Electric Royalties and belief in our business model, and welcome him to the [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Although production is curtailed at the Penouta Mine, it's very exciting to see management of the Graphmada graphite project focus on finding a strategic partner to recommence mining operations at [...]
Electric Royalties Ltd. announces that further to its October 19, 2023 news release, the Company has completed a C$500,000 drawdown under the C$5,000,000 convertible credit facility with Gleason & Sons LLC for working capital. The Company also announces that further to its September 27, 2023 news release, it has completed the C$1,050,000 drawdown [...]
