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 [...]
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 [...]
Electric Royalties Ltd. is providing an update on the Middle Tennessee Mine in Tennessee, United States, operated by Nyrstar, the operating subsidiary of Trafigura. On October 31, 2023, Nyrstar announced that production operations at MTM will be temporarily paused on November 30, 2023 due to weakened market conditions and inflationary impacts on [...]
Electric Royalties Ltd. is pleased to provide the following update on its royalty portfolio. Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to note new developments across our portfolio, including the financed and upcoming drill programs at the Cancet, Chubb and Seymour Lake lithium projects; Northern Graphite's continued push [...]
Gleason & Sons LLC announced today it has committed to provide an expanded C$10 million convertible loan for Electric Royalties Ltd. to enable the Company to capitalize on new opportunities to acquire undervalued royalties. With its maturity date to be extended two additional years to 2028, the amended Credit Facility will provide Electric [...]
Electric Royalties Ltd. is pleased to announce, further to its April 20, 2023, January 19, 2023 and November 16, 2022 news releases, that it has signed a commitment letter with Gleason & Sons LLC to increase the Company's existing convertible credit facility from C$5,000,000 to C$10,000,000 . Gleason & Sons LLC is controlled by Stefan Gleason, a [...]
