Electric Royalties Closes $2 Million Private Placement

- July 8th, 2021

Electric Royalties Ltd. is pleased to announce that it has closed a private placement announced previously on May 5, 2020 and updated on May 26, 2021 consisting of 5,000,000 units of the Company issued for gross proceeds of CAD $2,000,000 . Each unit is comprised of one common share of the Company plus one common share purchase warrant . Each Warrant can be exercised for a 2 year period from the Closing Date at …

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce that it has closed a private placement (the “Private Placement”) announced previously on May 5, 2020 and updated on May 26, 2021 consisting of 5,000,000 units of the Company issued for gross proceeds of CAD $2,000,000 .

Each unit is comprised of one common share (a “Share”) of the Company plus one common share purchase warrant (a “Warrant”). Each Warrant can be exercised for a 2 year period from the Closing Date at $0.60 per Warrant for one Share.  In connection with the private placement, Electric Royalties paid cash fees of $67,200 . In addition, Electric Royalties issued brokers’ warrants entitling the holders to acquire up to an aggregate of 93,000 Shares of Electric Royalties at a price of $0.60 per Share for a period of 12 months from closing.

The securities issued pursuant the Private Placement will be subject to applicable resale restrictions, including a four month hold period from date of closing of the Private Placement under applicable Canadian securities laws. Completion of the private placement is subject to regulatory approval, including approval of the TSX Venture Exchange.

Brendan Yurik , CEO of Electric Royalties , stated: “We appreciate the participation of existing shareholders in this financing and are excited to welcome new investors to our growing shareholder base. With this financing Electric Royalties is now positioned to immediately pursue additional new royalty acquisitions. In parallel, with the successful renegotiation of the $17.5 million co-investment package announced May 26 , Electric Royalties is working towards closing of its first cash flowing royalty on the Middle Tennessee Mine located in the United States and will look to provide an update on the transaction in the coming weeks.”

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 & 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 feed the electric revolution.

Electric Royalties has a portfolio of 12 royalties with 4 more royalties currently under acquisition. The Company plans to focus predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.

www.electricroyalties.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

This news release includes information regarding other companies based on previously disclosed pubic information disclosed by those companies and the Company is not responsibility for the accuracy of that information, and that all information provided herein is subject to this FLI cautionary.  This news release also includes forward-looking information and forward-looking statements (collectively, “forward-looking information”) with respect to the Company and these other companies and within the meaning of Canadian securities laws. 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 or results or those of these other companies and may include statements regarding the Company’s 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 or those of these other companies.

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 other companies 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 any of these other companies to implement its 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 and those of these other companies, or equivalent public filings 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 .

SOURCE Electric Royalties Ltd.

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