VANCOUVER, BC / ACCESSWIRE / November 26, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that it has elected to draw down C$3,050,000 (the "Drawdown") under its C$10,000,000 amended and restated convertible credit facility with Gleason & Sons LLC (the "Lender") dated February 16, 2024 (the "Credit Facility") to partially fund the cash payment for the acquisition of a 0.75% Gross Revenue Royalty on the producing Punitaqui copper mine in Chile ("Punitaqui GRR") (see Electric Royalties' news release dated November 22, 2024).
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) is adding a new royalty to its portfolio in the form of a producing copper mine in Chile. The company announced it has entered into a definitive agreement to acquire a 0.75% Gross Revenue Royalty (GRR) on the producing Punitaqui copper mine in Chile for C$3.5 million.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has provided updates on several key projects in its royalty portfolio. "We are happy to report on developments in connection with seven royalties in our portfolio, all coming on the heels of the significant resource upgrade at the Zonia copper project in Arizona,” Electric Royalties CEO Brendan Yurik commented.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) CEO Brendan Yurik joined Proactive to discuss the company's exciting new copper stream acquisition and its impact on future cash flow. Yurik highlighted the importance of the agreement for bridging short-term cash flows, allowing the company to cover general and administrative costs over the next four years.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) announced it has entered into an agreement with Minera Cobre Verde (MCV) to acquire a cash-flowing copper stream on the Minera Cobre Verde Mine in Chile for US$2.1 million. The deal gives Electric Royalties the right to purchase 76,000 pounds of copper monthly at a fixed price of US$2.75 per pound for four years, with the potential to double the stream for an additional US$2.1 million.
VANCOUVER, BC / ACCESSWIRE / September 18, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the signing of a binding letter agreement dated September 17, 2024 (the "Agreement") with Minera Cobre Verde ("MCV"), a subsidiary of Cobre y Metales, to acquire a copper stream (the "Stream") on the Minera Cobre Verde Mine ("MCV Mine"), located in the Antofagasta Region of Chile (the "Transaction").
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has highlighted a significant expansion in copper resources at its asset partner World Copper's Zonia deposit in Arizona. World Copper published an updated mineral resource estimate for the Zonia copper oxide deposit, on which Electric Royalties holds a 0.5% gross revenue royalty, on September 9.
VANCOUVER, BC / ACCESSWIRE / September 16, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce that royalty asset partner World Copper Ltd.
VANCOUVER, BC / ACCESSWIRE / September 9, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce that it has appointed Red Cloud Financial Services Inc. to provide the Company with a range of non-exclusive financial advisory and promotional services.
VANCOUVER, BC / ACCESSWIRE / August 28, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that Gleason & Sons LLC (the "Lender") has elected to convert C$217,479.02 of accrued interest on the principal amount of the Company's convertible credit facility (the "Interest") under the amended and restated convertible loan agreement dated February 15, 2024 between the Lender and Company (the "A&R Agreement"), into 1,279,288 common shares of the Company (the "Conversion Shares"), at a conversion price of C$0.17 per Conversion Share (the "Interest Conversion").
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has provided an update on royalties in its portfolio, including for the Penouta tin-tantalum mine located in Spain and the Seymour Lake lithium project in Ontario, Canada. Penouta's operator Strategic Minerals Europe announced that the Superior Court of Xustiza of Galicia (TSXG) has upheld its decision to suspend the section C permit for the mine.
CHARLOTTE, NC / ACCESSWIRE / June 21, 2024 / Stefan Gleason (the "Acquiror" or "Gleason") today announced that he is filing an early warning report in connection with his acquisition of additional shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company").