Gleason & Sons Commits to Providing Electric Royalties with $10 Million Convertible Credit Facility for Acquiring Cash-Flowing Royalties

Gleason & Sons Commits to Providing Electric Royalties with $10 Million Convertible Credit Facility for Acquiring Cash-Flowing Royalties

Gleason & Sons LLC announced today it has committed to provide an expanded C$10 million convertible loan (the "Credit Facility") for Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (the "Company") 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 Royalties with a long-term, non-dilutive source of capital to bridge the Company to positive cash flow in the near term while also providing additional financial resources to add to its existing portfolio of 22 royalty assets across nine critical metals used in the electrification of the global economy.

In addition to funding producing royalty acquisitions, the Credit Facility could also be, upon lender approval, advanced for working capital or for Company purchases of its undervalued shares on the open market pursuant to a Normal Course Issuer Bid (NCIB) filing.

Gleason & Sons is the family office of Stefan Gleason, a Charlotte-based entrepreneur who leads several privately held businesses in the United States, including Money Metals Exchange LLC. Money Metals is one of the largest precious metals dealers and depositories in North America with over C$1 billion in annual revenues.

Gleason and his affiliates are also major shareholders in Electric Royalties with a 19.99% ownership stake, in the aggregate.

"We are pleased to help Electric Royalties capitalize on today's fertile environment to acquire undervalued royalties connected with accretive battery metals projects in North America and other top-tier jurisdictions," said Stefan Gleason, managing director of Gleason & Sons.

"Electric Royalties already owns three royalties that provide revenue. And because the Company has wisely kept its overhead costs low, it is expected to reach positive cash flow in the near term - whether it be a result of closing on another producing asset from its robust deal pipeline or when another of its 22 existing royalties enters production as expected," Gleason continued.

"We applaud CEO Brendan Yurik and the Company's board for continuing to execute on their business plan without resorting to dilutive equity financings at a time when the valuation of Electric Royalties' shares on the public markets, according to independent analysis by Fundamental Research Corp., are so dramatically below their fair value."

Electric Royalties also advanced C$500,000 from the Credit Facility this week for general working capital purposes and certain due-diligence costs relating to prospective transactions. The agreed interest rate, right to accrue interest until the extended 2028 maturity date, fees, convertibility price, and other loan terms are highly favorable to the Company and its shareholders.

The loan commitment is subject to the parties entering into an Amended and Restated Loan Agreement reflecting the modified terms and the approval of the TSX Venture Exchange.

For further information, contact:

Stefan Gleason
Managing Director
Gleason & Sons LLC
15720 Brixham Hill Avenue, #205
Charlotte, NC 28277
Tel: 208-577-2230
www.GleasonSons.com

This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address anticipated future events including the entering into of an amended and restated loan agreement, the potential use of proceeds of the Credit Facility, the cash flow position of Electric Royalties, the valuation and production schedule of royalties, and the pipeline of opportunities for Electric Royalties are forward-looking statements. Although the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements including as a result of the failure of the parties to enter into the amended and restated loan agreement or obtain regulatory approvals, the availability of royalties, the production of properties underlying royalties not being as anticipated, and the Company's cash flow position deteriorating as a result of business or economic conditions.

SOURCE: Gleason & Sons LLC



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https://www.accesswire.com/794823/gleason-sons-commits-to-providing-electric-royalties-with-10-million-convertible-credit-facility-for-acquiring-cash-flowing-royalties

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Royalty company exclusively focused on clean energy metals, offering investors diversified exposure to the sector

More Drilling on Globex's Battery Hill Manganese Royalty Property

More Drilling on Globex's Battery Hill Manganese Royalty Property

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NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES   OR FOR DISSEMINATION IN THE UNITED STATES

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Saga Metals Confirms Technical Success with the Drill:

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Highlights

- As part of funding due diligence plan

- Independent comparison study of CERENERGY(R) technology

- DNV was engaged by Altech

- DNV is one of the leading energy storage technical advisors

- CERENERGY(R) - Promising emerging battery technology

The complete comparison report has been prepared specifically for Altech Batteries GmbH and is confidential. Nevertheless, Altech is pleased to publish the Executive Summary of the technology comparison at cell level in the following qualitative overview. Table 1 gives a high-level overview of the advantages and disadvantages for the listed characteristics in comparison to the most widely used technologies on the market against CERENERGY(R) sodium chloride solid state (SCSS) technology.

The DNV primary conclusion states "CERENERGY(R) is one of the promising emerging technologies. Further improvements in terms of the achievable energy density, performance, and cost efficiency can be expected in the coming years" (DNV, May 2025).

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/66D7P180



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

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NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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Saga Metals Confirms Additional Geological Success with the Drill:

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