Electric Royalties Ltd. is pleased to announce, further to its November 15, 2022 and January 19, 2023 press releases, that it has entered into an agreement with Gleason & Sons LLC to increase the Company's existing convertible credit facility from C$2,000,000 to C$5,000,000 . Gleason & Sons LLC is controlled by Stefan Gleason, a significant shareholder of Electric Royalties. The Lender has also agreed to modify the [...]
Electric Royalties Ltd. is pleased to provide the following update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's an exciting time for Electric Royalties as the Authier lithium project is nearing production as part of the largest lithium mining operation in Canada, the nearby North American Lithium operation, where production has already commenced. Upon commencement of [...]
Electric Royalties Ltd. is pleased to announce that Sayona Mining Limited has voluntarily submitted its Authier Lithium Project for an environmental impact assessment and review under the Québec Government's 'BAPE' process. According to Sayona's news release dated February 27, 2023, its request has been accepted by Québec's Ministry of the Environment, the Fight Against Climate Change, Wildlife and Parks. The BAPE's [...]
Electric Royalties Ltd. is pleased to announce the signing of a binding letter agreement with Tartisan Nickel Corp. to acquire a 0.5% gross revenue royalty on certain mining claims, mining leases and mineral tenures comprising the wholly-owned Kenbridge Nickel Project in northwest Ontario, Canada in exchange for C$500,000 cash and 2,500,000 common shares of the Company . The Company will also have the right, for a period [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "It's a great start to 2023 with nine royalty asset updates setting the stage for an exciting year for Electric Royalties' shareholders. With the recent acquisition of a royalty on the Penouta tin-tantalum mine, our second cash-flowing royalty, we are eager for the Authier [...]
Electric Royalties Ltd. is pleased to announce the closing of the previously announced acquisition of a 0.75% gross revenue royalty on the producing Penouta tin-tantalum mine in Spain with Strategic Minerals Europe Corp. in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company has an option for a period of 7 months from closing to acquire an additional 0.75 [...]
Electric Royalties Ltd. is pleased to announce, further to its November 15, 2022 press release, that it has elected to draw down C$1,000,000 under the C$2,000,000 convertible credit facility with Gleason & Sons LLC , which is controlled by a significant shareholder. The Loan has a term of 3 years and bears interest at 15%, with Interest payments capitalized into the principal amount and due at the end of the Loan term. At [...]
Electric Royalties Ltd. is pleased to provide an asset update on its current royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "Despite the difficult equity markets in the past six months, it has been tremendously exciting to see progress continue across our portfolio, particularly at our lithium assets. Upon forecast restart in Q1 2023, Sayona Mining's North American Lithium operation will become [...]
This news release contains amendments to the paragraph below the Financing section heading, and the year production commenced at the Penouta Mine. Complete corrected text follows: Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash [...]
This news release has been amended to add "" in Table 1. Complete corrected text follows: Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the [...]
Strategic Minerals Europe Corp. , a company focused on the production, development, and exploration of tin, tantalum and niobium, announces that it has entered into a letter of intent with Electric Royalties Ltd. with respect to the proposed grant to Electric Royalties of a gross revenue royalty on the Company's Penouta tin-tantalum mine in Spain . Pursuant to the LOI, it is proposed that Electric Royalties will acquire a [...]
Electric Royalties Ltd. is pleased to announce the signing of an agreement with Strategic Minerals Europe Corp. to acquire a newly granted 0.75% Gross Revenue Royalty on the producing Penouta tin-tantalum mine in Spain in exchange for a cash payment of C$1,000,000 and 500,000 common shares of Electric Royalties. In addition, the Company will have an option for a period of 7 months from closing to acquire an additional [...]
