Electric Royalties Provides Updates on Its Lithium, Copper, Cobalt, and Tin Royalties

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) has announced updates on its royalty portfolio.

**Updates on Royalties

**Penouta Tin-Tantalum Mine – 1.5% Gross Revenue Royalty

On June 13, 2024, Strategic Minerals Europe Corp. (NEO:SNTA)(OTCQB:SNTAF) stated that the Superior Court of Xustiza of Galicia upheld the suspension of the section C permit for Strategic Minerals’ Penouta Mine in Spain. Strategic is exploring legal avenues to reverse the decision. Production under the section B permit is expected to resume following a business combination with IberAmerican Lithium Corp.

**Seymour Lake Lithium Project – 1.5% Net Smelter Royalty

On June 4, 2024, Green Technology Metals Limited (ASX: GT1) reported that the Feasibility Study for Seymour Lake is on schedule, with completion expected by H2 2024. Permitting is progressing, and a 3,000-meter drill program has commenced to potentially extend the mine life.

**Millennium Copper-Cobalt Project – 0.5% Gross Revenue Royalty

On June 4, 2024, Metal Bank Limited (ASX:MBK) announced the commencement of a drilling program at the Millennium Project in Queensland, Australia. The current program aims to test the Fountain Range-Quamby Fault Zone.

**Cancet Lithium Project – 1.0% Net Smelter Royalty

On June 17, 2024, Winsome Resources Limited (ASX:WR1) announced A$25 million in funding, with A$1.5 million allocated for drilling and other activities at the Cancet Project in Québec, Canada.

**About Electric Royalties Ltd.

Electric Royalties Ltd. is a royalty company focused on commodities benefiting from the electrification of various consumer products. The company has a portfolio of 40 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc, and copper. It aims to build a diversified portfolio of advanced stage and operating projects in low geopolitical risk jurisdictions.

Electric Royalties sees significant opportunities as electric vehicle sales, battery production capacity, and renewable energy generation are set to increase. The company focuses on acquiring royalties on projects essential for the clean energy transition.

Disclaimer:
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.

The image is randomly selected and doesn’t necessarily represent the company or the news below.

Click here for more Company News