Electric Royalties Closes Zonia Copper Royalty Acquisition

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce closing of the previously announced acquisition (see Electric Royalties' news release dated June 13, 2022) of a 0.5% gross revenue royalty ("GRR") on the Zonia Copper Oxide Project in Arizona, USA (the "Zonia Project" or "Zonia") with World Copper Ltd. (TSX.V:WCU)(OTCQB:WCUFF)(FRA:7LY0) ("World Copper") in exchange for C$1,550,000 cash and 2,000,000 common shares of the Company (the "Transaction"). The Company has the right, for a period of 15 months after closing of the Transaction, to acquire a further 0.5% GRR on the Zonia Project for C$3,000,000 cash consideration. In addition, the Company has an option to acquire a 1% GRR on the Zonia Norte deposit, adjacent to the Zonia Project, for C$3,000,000 cash, at any time during a period of 24 months from the date that World Copper (i) obtains an initial technical report in respect of the Zonia Norte deposit which is prepared in accordance with National Instrument 43-101 and contains an estimate of Inferred Mineral Resources, and (ii) delivers a copy of such report to Electric Royalties

The Zonia Copper Oxide Project in central Arizona was held under private ownership for almost 100 years and has undergone extensive historical exploration, metallurgical studies and mine development planning and production. Much of the mineralized area was pre-stripped during previous open-pit mining operations starting in 1966 and 17 million tons were mined with 7 million tons stacked on heap leach pads, producing cement copper until 1975. The Zonia mineral resource was estimated using more than 600 holes totaling nearly 50,000 metres[1]. This high-density drilling allows for more than 73% of the current resource to be classified in the higher confidence measured and indicated categories, thus reducing technical risk on the deposit. Only 30% of the property has been investigated by drilling, providing considerable opportunity to grow the resource.

World Copper plans to prepare for prefeasibility-level studies to further advance the project toward production. This includes a program of infill drilling with goals to upgrade Inferred Resources, convert Measured and Indicated Resources to Mineral Reserves and potentially expand the deposit to the northeast. The program also includes geotechnical and condemnation drilling. For more information about the Zonia Project, refer to Electric Royalties' June 13, 2022 news release.

The Company has issued 2,000,000 common shares of the Company and made a cash payment of C$1,550,000 (gross). The 2,000,000 common shares will be subject to a hold period of 6 months.

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to fuel the electric revolution.

Electric Royalties has a growing portfolio of 20 royalties, including one royalty that currently generates revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades towards a decarbonized global economy.

For further information, please contact:

Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com
www.electricroyalties.com

Scott Logan
Renmark Financial Communications Inc.
Phone: (416) 644-2020 or (212) 812-7680
Email: slogan@renmarkfinancial.com
www.renmarkfinancial.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies in which the Company holds a royalty interest, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information.Forward looking information is typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. This information represents predictions and actual events or results may differ materially. Forward-looking information may relate to the Company's future outlook and anticipated events and may include statements regarding the financial results, future financial position, expected growth of cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities of the Company and the projects in which it holds royalty interests.

While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or these projects to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to risks associated with general economic conditions; adverse industry events; marketing costs; loss of markets; future legislative and regulatory developments involving the renewable energy industry; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favourable terms; the mining industry generally, the Covid-19 pandemic, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these projects to implement their business strategies including expansion plans; competition; currency and interest rate fluctuations, and the other risks.

The reader is referred to the Company's most recent filings on SEDAR as well as other information filed with the OTC Markets for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be accessed through the Company's profile page at www.sedar.com and at otcmarkets.com.

[1] Preliminary Economic Assessment NI 43-101 technical report titled "ZONIA COPPER PROJECT, NI 43-101 Technical Report, Yavapai County, Arizona USA", effective March 22, 2018 and dated April 17, 2018, prepared by Global Resource Engineering Ltd. and posted under Cardero Resource Corp.'s profile at www.sedar.com.

SOURCE: Electric Royalties Ltd.

View source version on accesswire.com:
https://www.accesswire.com/714701/Electric-Royalties-Closes-Zonia-Copper-Royalty-Acquisition

News Provided by ACCESSWIRE via QuoteMedia

World Copper TSXV:WCU Base Metals Investing

ELEC:CA

Electric Royalties Investor Increases Stake to 15.4% as Positive Cash Flow Comes into Sight

Stefan Gleason (the "Acquiror"), a private investor, today announced that he is filing another early warning report in connection with his acquisition of an additional 2% in outstanding shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company"), taking his stake in the Company to approximately 15.4

"I am thrilled to continue snatching up steeply undervalued shares of this first-mover battery metals company, especially as its royalty portfolio appears poised to spin off several million dollars in annual cash flow within the next three years," said Gleason. "Management has demonstrated it can ink accretive deals while carefully guarding shareholder interests. Well positioned for today's inflationary environment, Electric Royalties' efficient business model has a bright future."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Electric Royalties Provides Update on Previously Announced Partial Disposal of Seymour Lake Royalty

Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") would like to inform the market of the termination of the previously announced agreement signed on June 27, 2022 to sell 1% of its existing 1.5% Net Smelter Royalty ("NSR") on the Seymour Lake Lithium Deposit in Ontario, Canada, to Lithium Royalty Corp. ("LRC"). LRC has informed the Company that it is unwilling to waive certain conditions to closing set out in the agreement and the Company accepts LRC's position that the agreement has terminated. Accordingly, Electric Royalties will retain it's 1.5% NSR on the Seymour Lake lithium deposit

Brendan Yurik, CEO of Electric Royalties,commented:"Since signing of the initial LOI an estimate that doubles the mineral resource¹ at Seymour Lake has been announced. Further, the price of lithium carbonate has neared all time highs in China of more than $70,000 a tonne². These factors, coupled with the property owner having just raised A$55M³ to further development at Seymour Lake mean that we are delighted to retain our full 1.5% NSR."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Electric Royalties Provides Update on Lithium Royalty Portfolio

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide an asset update on its current royalty portfolio

Brendan Yurik, CEO of Electric Royalties, commented: "Lithium assets comprise 40% of our royalty portfolio so we are tremendously encouraged by the 350% increase in lithium prices over the past 12 months¹. In the last quarter alone, more than $200 million has been raised for the advancement of these assets. Not only has there been encouraging results announced at the Cancet and Seymour Lake lithium projects, but of paramount importance is the progress at the Authier project. Sayona Mining's North American Lithium operation, which is expected to integrate Authier, is fully financed to restart production and to develop Authier, and has completed 30% of the plant and equipment upgrades. We expect Authier to be the first of our lithium assets (royalties) to enter production."

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less

Emerita Intersects 14.0 Meters Grading 4.3% Copper Included Within 26.8 Meters Grading 2.6% Copper at La Romanera Deposit, Increases Number of Drills at IBW Project to Thirteen

Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the "Company" or "Emerita") is pleased to announce additional assay results from the 2022 delineation drilling at the La Romanera Deposit at its wholly owned Iberian Belt West project ("IBW" or the "Project"). IBW hosts three previously identified massive sulphide deposits: La Infanta, La Romanera and El Cura. All deposits are open for expansion along strike and at depth. The Company also announces that it continues to accelerate drilling at IBW where it has increased the number of drill rigs from 10 to 13. Presently, there are 12 drills on La Romanera deposit delineation and 1 rig continues to drill at La Infanta. Six drilling companies are engaged in the program.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an extensive exploration program on six of the company's projects in the Golden Triangle of northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and continued until mid-September. Assay results are now being received and compiled, and will be reported on when complete. Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome. This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

Loan Facility

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022. The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share. The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws. The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector. Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters. Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space. In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

About Canada Nickel

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact:
Mark Selby , Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-provides-project-update-and-announces-us10-million-loan-facility-301636152.html

SOURCE Canada Nickel Company Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/29/c2107.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less

Copper Fox Announces 2022 Third Quarter Operating and Financial Results

Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated July 31, 2022, financial statements have been filed on SEDAR.

For the nine months ended July 31, 2022, Copper Fox had a net loss of $889,829 (July 31, 2021 - $747,620) which equated to $0.00 loss per share (July 31, 2021 - $0.00 loss per share).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

DDH	Easting	Northing	Elevation	azimuth	dip	depth (m)	FROM	TO	Width (m)	Cu_%	Pb_%	Zn_%	Au_g/t	Ag_g/t	LENS
LR019	646593	4172590	148	203	-47	384.6	302.0	333.0	31.0	0.2	0.5	0.6	1.70	37.4	UL
incl.							317.2	326.8	9.7	0.3	0.5	0.7	3.37	32.1	UL
LR019							345.7	372.5	26.8	2.6	0.5	1.1	0.28	28.6	LL
incl.							357.0	371.0	14.0	4.3	0.8	1.7	0.33	41.7	LL
LR023	646593	4172590	148	190	-54	348.5	281.7	294.3	12.6	0.4	0.3	0.2	1.07	22.3	UL
LR023							317.7	322.9	5.3	0.9	1.2	1.9	0.98	65.7	LL

		3 Months Ended		3 Months Ended			3 Months Ended		3 Months Ended
		July 31, 2022		April 30, 2022			January 31, 2022		October 31, 2021
Loss before taxes	$	277,827	$	363,283		$	248,719	$	367,730
Net loss		277,827		363,283			248,719		113,730
Comprehensive (gain) / loss		832,008		(116,314	)		140,436		133,971
Comprehensive (gain) / loss per share, basic and diluted		0.00		(0.00	)		0.00		0.00

		3 Months Ended		3 Months Ended			3 Months Ended		3 Months Ended
		July 31, 2021		April 30, 2021			January 31, 2021		October 31, 2020
Loss before taxes	$	205,040	$	343,256		$	199,324	$	298,567
Net (income) loss		205,040		343,256			199,324		(292,433	)
Comprehensive (gain) / loss		32,777		842,711			791,658		(453,015	)
Comprehensive (gain) / loss per share, basic and diluted		0.00		0.00			0.00		(0.00	)

Target	Area (km)	Geology / mineralization	Mine workings	Gravity Anomaly	HEM Anomaly	IP Anomaly	Soil Geochem	Holes Planned
Romana Deep	2 x 0.6	Tertiary cover, altered volcanic	La Romana Cu updip	Large	Yes	-	Large Cu anomaly	2
Zarcita	2.5 x 0.8	Gossan, Altered volcanics	Historical Cu workings	Series of highs	Yes	Chargeability,resistivity low	Large Cu anomaly	12
Hornitos	3.3 x 0.5	Altered volcanic shales	El Pozo mines west	Series of highs	Yes	Chargeability highs	Large PbZn anomaly	3
Jarosa	2.3 x 1	Drill hole LJD01 copper	2 km SW of Aznalcollar	Series of highs	Yes	Chargeability highs	-	7
Pilar	2 x 0.3	Tertiary cover - "blind target"	3km SW of Aznalcollar	Large	Yes	-	-	4
Pilar S	1 x 2	Tertiary cover - "blind target"	4km SSW of Aznalcollar	Large	-	-	-	2
Cañada Honda	1.6 x 1	Altered volcanic Phyllite, Qtzite	Historical works to S	Large	-	Chargeability, resistivity low	Cu anomaly	2
Bravo N	1 x 0.6	Tertiary cover - "blind target"	1km SW of La Jarosa	Large	Yes	Chargeability high	-	1
Bravo	2 x 1	Tertiary cover, volcanics	2km East of La Romana	Large	Yes	-	-	Pending follow-up
Barbacena	1.5 x 0.5	Tertiary cover - "blind target"	2km NW of La Romana	Large	Yes	-	Cu Zn - open west	Pending follow-up
El Pozo	1.2 x 0.5	Altered volcanics	Historical mine works	Small	Yes	-	-	Pending follow-up

Company Highlights

Overview

Key Royalties

Middle Tennessee Zinc Mine Royalty

Authier Lithium Royalty

Graphmada Graphite Royalty

Bissett Creek Graphite Royalty

Mont Sorcier Vanadium Royalty

Battery Hill Manganese Royalty

Management & Board of Directors

Brendan Yurik - CEO & Director

Luqman Khan - CPA, CGA, CFO

David Gaunt P.GEO - Chief Geo-Scientist

Marchand Snyman CA - Chairman and Director

Craig Lindsay MBA, CFA - Director

Robert Schafer P.GEO - Director

Latest Press Releases

Related News

TOP STOCKS