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, information from the current drill program is being incorporated in the upcoming [...]
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 announced in connection with several of the Company's larger royalties [...]
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 lithium properties in Ontario, Canada . Brendan Yurik, CEO of Electric [...]
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 is particularly true for North America, Europe, and Australia, where the [...]
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 conditions set out in the A&R Agreement. Gleason & Sons LLC is controlled [...]
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: "We are progressing our due diligence on the OLP, an opportunity to [...]
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 62-104 -Take-Over Bids and Issuer Bids which permits additional share purchases [...]
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 revenue of US$177 million over an initial forecast mine life of 47 years1 [...]
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 board of directors. We are particularly excited about the prospect of [...]
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 potentially higher production rates. We're also pleased to note the updated [...]
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 under the Credit Facility with the Lender to fund the cash payment to [...]
Electric Royalties Ltd. is pleased to announce that the Company has entered into a Letter of Intent with Perry English, Michael Kilbourne, 1544230 Ontario Inc. and Gravel Ridge Resources Ltd. , dated November 3, 2023, to acquire a portfolio of 126 lithium properties in Eastern Canada . Brendan Yurik, CEO of Electric Royalties, commented: "This proposed acquisition comprises a land package of 126 properties totalling over [...]
