Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF), following the announcement of financing for its flagship lithium and manganese royalties, has provided an update on other key assets in its portfolio. "Key developments include metallurgy advancing at the Mont Sorcier Project ahead of the feasibility study, promising exploration results at the producing Punitaqui copper-gold mine, near-term resource update and bulk sampling results expected at the Graphite Bull Project, drilling results and new exploration targets identified at the Råna Nickel Project, and equity raised to help advance the Kenbridge Nickel Project,” Electric Royalties CEO Brendan Yurik said in a statement.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) announced that it has closed its brokered private placement and concurrent non-brokered private placement raising gross proceeds of approximately C$2.5 million. "With strong participation in this financing from our existing shareholders along with some supportive new shareholders, Electric Royalties is well positioned to capitalize on the strategic opportunities we see before us,” Brendan Yurik, Electric Royalties CEO, said in a statement.
Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, BC / ACCESSWIRE / January 15, 2025 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce that it has closed its brokered private placement (the "Offering") as previously announced on December 9, 2024.
Not for distribution to United States newswire services or for dissemination in the United States VANCOUVER, BC / ACCESSWIRE / December 27, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that it has filed an amended and restated offering document dated December 27, 2024 (the "A&R Offering Document") in connection with its previously announced brokered "best-efforts" private placement of up to 22,222,223 units of the Company (the "Units") for gross proceeds of up to approximately $4 million (the "Offering") led by Canaccord Genuity Corp. and Red Cloud Securities Inc. Each Unit is priced at C$0.18 and will be comprised of one common share of the Company and one common share purchase warrant of the Company.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) announced that Green Technology Metals, operator of the Seymour Lake Lithium Project in Ontario, received a letter of interest from Export Development Canada for up to C$100 million in potential financing to advance the project's development. Electric Royalties holds a 1.5% net smelter royalty on the lithium project.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has struck an agreement to raise up to C$4 million to fund its acquisition of a royalty tied to a Chilean copper mine. The placement involves the sale of around 22.2 units at a price of C$0.18 per unit, the Vancouver-based company said.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has finalized the acquisition of a 0.75% Gross Revenue Royalty (GRR) on the Punitaqui copper mine in Chile. The company completed the transaction by paying CAD 3.05 million at closing, with an additional CAD 0.45 million due within 45 days.
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has released updates on its royalty portfolio, detailing progress across its graphite, vanadium, lithium, manganese, copper, cobalt, and nickel royalty assets. The developments underline significant steps toward advancing numerous projects under its portfolio.
VANCOUVER, BC / ACCESSWIRE / December 4, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the closing of the previously announced transaction (the "Transaction") to acquire a 0.75% Gross Revenue Royalty (the "0.75% GRR") on the mining claims, mining leases and mineral tenures comprising the producing Punitaqui copper mine in Chile (the "Project" or "Punitaqui").
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) CEO Brandon Yurik joined Proactive to discuss the company's latest acquisition—a revenue royalty on the Punitaqui copper mine in Chile. With the mine recently restarting production, Yurik outlined how this move will boost the company's cash flow and its broader strategy for 2025.
CHARLOTTE, NC / ACCESSWIRE / November 28, 2024 / Gleason & Sons LLC announced today it has advanced C$3,050,000 under its previously announced acquisition facility to Electric Royalties Ltd. ("the Company") (TSXV:ELEC)(OTCQB:ELECF), positioning the Company to close, without shareholder dilution, on its investment in a 0.75% gross revenue royalty on the producing Punitaqui copper project in Chile operated by Battery Minerals Resources Corp. (TSXV:BMR)(OTCQB:BTRMF).
Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) announced that it has drawn C$3.05 million from its C$10 million amended convertible credit facility with Gleason & Sons LLC. The funds will be used to partially finance the acquisition of a 0.75% gross revenue royalty (GRR) on the producing Punitaqui copper mine in Chile.