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Electric Royalties: Royalty Financing the Electric Revolution, CEO Clip Video

Electric Royalties: Royalty Financing the Electric Revolution, CEO Clip Video

Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF is set to take advantage of the growing demand for EV commodities. BTV chats with CEO & Director, Brendan Yurik to learn more.


Electric Royalties Ltd.(TSXV: ELEC) (OTCQB: ELECF)

https://www.electricroyalties.com/

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Electric Royalties Provides Update on Eight Royalties in Portfolio

Electric Royalties Provides Update on Eight Royalties in Portfolio

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

Brendan Yurik, CEO of Electric Royalties, commented: "We're pleased to have begun receiving payments from our recently acquired Penouta tin-tantalum royalty. We are now generating cash flow from both zinc and tin royalties, and expect our lithium royalty on the Authier Project to begin generating cash in the near future upon its integration into the production mix at Sayona Mining's operating North American Lithium facility. On the development front, an additional eight projects in our royalty portfolio have made good progress in the last month, all funded by third parties at no cost to Electric Royalties. We're excited about the portfolio we've built that is diversified across nine clean energy metals, with a growing exposure to each metal. Going forward, we will continue to prioritize the acquisition of near-term revenue-generating royalties."

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Electric Royalties Closes Kenbridge Nickel Royalty Acquisition

Electric Royalties Closes Kenbridge Nickel Royalty Acquisition

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the closing of the previously announced acquisition of a 0.5% gross revenue royalty ("GRR") on certain mining claims, mining leases and mineral tenures comprising the wholly-owned Kenbridge Nickel Project in northwest Ontario, Canada (the "Kenbridge Project" or "Kenbridge") with Tartisan Nickel Corp. (CSE: TN) ("Tartisan") in exchange for C$500,000 cash and 2,500,000 common shares of the Company (the "Transaction

The Company has the right, for a period of 18 months from closing of the Transaction, to acquire a further 0.5% GRR on the Kenbridge Project for C$1,750,000 cash consideration. In addition, the Company has an option to acquire a 1% GRR on the mining claims, mining leases and mineral tenures comprising the Kenbridge North Nickel Project (the "Kenbridge North Project" or "Kenbridge North"), approximately 2.5 km north of the Kenbridge Nickel Deposit, for C$1,000,000 cash, at any time during a period of 24 months from the date that Tartisan publishes an initial technical report in respect of the Kenbridge North Project which is prepared in accordance with National Instrument 43-101 and which contains an estimate of Inferred Mineral Resources.

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Electric Royalties Announces C$500,000 Drawdown Under Convertible Credit Facility

Electric Royalties Announces C$500,000 Drawdown Under Convertible Credit Facility

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce, further to its April 20, 2023 press release, that it has elected to draw down C$500,000 (the "Loan") under the C$5,000,000 convertible credit facility with Gleason & Sons LLC (the "Lender"), which is controlled by a significant shareholder

The Loan has a term of 3 years and bears interest ("Interest") at a floating rate (Secured Overnight Financing Rate (or "SOFR") + 7%), with a maximum interest rate of 12.5%, with Interest payments capitalized into the principal amount and due at the end of the Loan term. At the discretion of the Lender, after six months from the initial drawdown date, the Loan plus accrued Interest is convertible into common shares of Electric Royalties as follows: (a) for the Loan at the greater of C$0.50; a 100% premium above the 30-day VWAP (C$0.71) of Company's shares on the TSX Venture Exchange (the "TSXV") at the advance; and the minimum price acceptable to the TSXV, per share; and (b) for Interest at the Market Price(as defined under Exchange policy 1.1) at the time of settlement, subject to the Market Price not being less than the Conversion Price without prior Exchange approval, per share. The Lender will not be able to hold more than 19.99% of the issued and outstanding shares of the Company unless disinterested shareholder approval has been obtained. The funds will be used for the acquisition of the Kenbridge nickel royalty. The Loan is subject to the approval of the TSXV and other customary closing conditions.

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Electric Royalties Increases Convertible Credit Facility to C$5 Million on Improved Terms and Appoints Stefan Gleason as Board Observer

Electric Royalties Increases Convertible Credit Facility to C$5 Million on Improved Terms and Appoints Stefan Gleason as Board Observer

Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce, further to its November 15, 2022 and January 19, 2023 press releases, that it has entered into an agreement with Gleason & Sons LLC (the "Lender") to increase the Company's existing convertible credit facility from C$2,000,000 to C$5,000,000 (the "Loan Amendment"). Gleason & Sons LLC is controlled by Stefan Gleason, a significant shareholder of Electric Royalties

The Lender has also agreed to modify the interest rate to a lower, floating rate (Secured Overnight Financing Rate (or "SOFR") + 7%), with a maximum interest rate of 12.5%, as compared to the original rate of 15%, and to remove the early repayment fee. All other terms remain the same.

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Electric Royalties Provides Update on Seven Royalties in Portfolio

Electric Royalties Provides Update on Seven Royalties in Portfolio

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

Brendan Yurik, CEO of Electric Royalties, commented: "It's an exciting time for Electric Royalties as the Authier lithium project is nearing production as part of the largest lithium mining operation in Canada, the nearby North American Lithium (or "NAL") operation,where production has already commenced. Upon commencement of commercial production, Authier will become the third producing royalty in our growing portfolio. We have now assembled a portfolio of 21 royalties over the past three years, with our 22nd royalty acquisition subject to completion. Since acquisition, these 21 royalties have received approximately $420 million in investments by third parties at no cost to Electric Royalties, with a further $100 million in recently announced financing subject to completion.

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Victory Battery Metals Corp. Announces Closing of $300,000 Unit Financing

Victory Battery Metals Corp. Announces Closing of $300,000 Unit Financing

Victory Battery Metals (CSE:VR)(FWB:VR6)(OTC PINK:VRCFF) ("Victory" or the "Corporation") is pleased to announce that it has closed its previously announced non-brokered Unit Private placement (the "Unit Financing"). The Corporation raised proceeds of $300,000 through the sale of 6,000,000 Units

Pursuant to the terms of the Unit Financing, each Unit is offered at a subscription price of $0.05 per Unit. Each Unit consists of one common share and one common share purchase warrant exercisable at $0.07 for a two year period, subject to the right of the Company to accelerate expiry upon 30 days' notice if the common shares trade at $0.20 or higher for a period of 10 days, including days where there is no trading. There were no finder's fees paid and no insiders participated in the Unit Financing.

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Beyond Continues Expansive Sampling Campaign over Multiple Projects; Ongoing 2023 Phase 1 Exploration Program on Schedule and on Budget

Beyond Continues Expansive Sampling Campaign over Multiple Projects; Ongoing 2023 Phase 1 Exploration Program on Schedule and on Budget

HIGHLIGHTS

  • The field crews are on track to complete the Phase 1 fully funded exploration program before August including prospecting, mapping, and sampling of all 64 properties in Ontario (Fig. 1).

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ION Energy Presents in Red Cloud's Virtual Webinar Series

ION Energy Presents in Red Cloud's Virtual Webinar Series

Ion Energy (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) is pleased to announce that the company is presenting a live virtual corporate update hosted by Red Cloud Financial Services on May 30th, 2023 at 2:00 PM ET.

We invite our shareholders, and all interested parties to register for the webinar and participate in the live Q&A session at the end of the presentation moderated by Red Cloud.

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CENTURY LITHIUM RECONFIRMS PRODUCTION OF BATTERY GRADE PURITY LITHIUM CARBONATE AND PROVIDES UPDATE ON FEASIBILITY STUDY

CENTURY LITHIUM RECONFIRMS PRODUCTION OF BATTERY GRADE PURITY LITHIUM CARBONATE AND PROVIDES UPDATE ON FEASIBILITY STUDY

Century Lithium Corp. (TSXV: LCE) (OTCQX: CYDVF) (Frankfurt: C1Z) (Century Lithium or the Company) is pleased to report it has repeated the production of a high-purity lithium carbonate (Li 2 CO 3 ) grading 99.87% with lithium-bearing claystone from the Company's 100%-owned Clayton Valley Lithium Project (Project) in Nevada, USA . Several kilograms of the high purity Li 2 CO 3 were made from the intermediate lithium solutions generated in January at the Company's Lithium Extraction Facility (Pilot Plant) in Amargosa Valley, Nevada . Following leaching and direct lithium extraction (DLE) at the Pilot Plant, solutions were shipped to Saltworks Technologies Inc. (Saltworks) where the final processing was completed.

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Helen Cai Joins Largo's Board of Directors

Helen Cai Joins Largo's Board of Directors

Largo Inc. ("Largo" or the "Company") (TSX: LGO) (NASDAQ: LGO) today announces the appointment of Helen Cai as an independent director to its Board of Directors (the " Board ") and the resignation of Ms. Koko Yamamoto.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230524005909/en/

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IIROC Trade Resumption - FT

IIROC Trade Resumption - FT

Trading resumes in:

Company: Fortune Minerals Limited

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