elec stock

Electric Royalties Closes Vox Royalty Graphite Portfolio Acquisition

Electric Royalties Ltd. (TSXV: ELEC) ("Electric Royalties" or the "Company") is pleased to announce, further to its news releases dated May 18, 2021 and July 5, 2021 that is has closed the graphite royalty portfolio acquisition with Vox Royalty Corp. (TSXV: VOX) (OTCQX: VOXCF) ("Vox") pursuant to the Royalty Portfolio Sale and Purchase Agreement dated June 30, 2021 and amended July 15, 2021 among the Company, Vox and its wholly owned subsidiaries, SilverStream SEZC and Vox Royalty Australia Pty Ltd. (as amended, the " Royalty Purchase Agreement ").

Electric Royalties Ltd. Logo (CNW Group/Electric Royalties Ltd.)

Pursuant to the terms of the Royalty Purchase Agreement, the Company issued to Vox an aggregate of 7,270,408 common shares of the Company (the " Shares ") at a deemed price of $0.392 per share, calculated as the 10 day volume weighted average price of the Shares on the TSX Venture Exchange prior to the date of issuance. The Shares are subject to a four-month hold period expiring on December 14, 2021 .

Brendan Yurik , CEO of Electric Royalties , stated "We are excited to have completed the Vox royalty portfolio acquisition while at the same time strengthening our corporate relationship with Vox. Acquisition of the Graphmada and Yalbra royalties provides the Company with additional exposure to Graphite and the potential for near term cash flow. Vox has an exciting young team and proprietary data on existing royalties within the clean energy metals space. This is the first transaction we've worked on with Vox and management is excited about the opportunity to partner with them over the longer term."

Vox Transaction Highlights

  • Exposure to near-term graphite production at the Graphmada Project, Madagascar :
    • existing process plant capable of producing 6,000 tonnes per annum of large flake graphite concentrate;
    • operated for 20 continuous months during 2018 and 2019 producing concentrates comprised of more than 43% large to jumbo flake graphite, currently on temporary care and maintenance pending stage 2 expansion); and
    • currently the subject of a drilling campaign and mining studies to increase future mine production through organic growth and plant upgrades.
  • Exposure to a high-grade graphite deposit with exploration upside at the Yalbra Project, Western Australia .

Ongoing corporate relationship with Vox Royalty Corp:

    • Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions; and
    • Owns a proprietary database of over 8,000 royalties that has enabled an industry-leading growth rate through the completion of over 20 transactions and the acquisition of more than 45 royalties since January 2019 .

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 & 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 growing portfolio of 16 royalties and is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.

About Vox

Vox is a high growth precious metals royalty and streaming company with a portfolio of over 50 royalties and streams spanning eight jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties. Further information on Vox can be found at www.voxroyalty.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 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.

Cision View original content to download multimedia: https://www.newswire.ca/en/releases/archive/August2021/16/c2429.html

News Provided by Canada Newswire via QuoteMedia

The Conversation (0)
International Graphite

Exceptional Battery Test Results Show Springdale Concentrate is Ideal for Premium Li-Ion Battery Anode

International Graphite Limited (International Graphite) (ASX: IG6) is pleased to report exceptional results from purification and electrochemical testwork on graphite concentrates generated from the Company’s 100% owned Springdale Graphite Project, in Western Australia (Springdale).

Keep reading...Show less
International Graphite (ASX:IG6)

International Graphite Funding Deal with Comet Resources a Win-Win, Report Says

International Graphite’s (ASX:IG6) $1.5-million funding deal with major shareholder Comet Resources (ASX:CRL) resulted in a surge in IG6’s shares on March 13. The loan agreement was undertaken to address market speculation on the security of Comet’s shares in IG6, according to a news report from The West Australian.
Keep reading...Show less
International Graphite

International Graphite and Comet Agree Funding and Director Appointments

International Graphite Limited (International Graphite) (ASX: IG6) is pleased to announce that it and its major shareholder Comet Resources Limited (Comet) have negotiated a transaction that resolves speculation around the short to medium term security of International Graphite shares owned by Comet.

Keep reading...Show less
International Graphite

International Graphite Receives R&D Refund and Firms Up Cash Position

International Graphite Limited (ASX:IG6) is pleased to announce that it has received $1.3 million from the Australian Research and Development Tax Incentive Scheme for the 2023 financial year.

Keep reading...Show less

NMG Announces the Successful Closing of the US$50 Million Tranche 1 Investment by GM and Panasonic

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE: NMG TSX.V: NOU ) announces it has closed its private placement previously announced on February 15, 2024 (the "Tranche 1 Investment") of 25,000,000 common shares in the capital of the Company ("Common Shares") and 25,000,000 common share purchase warrants (the "Warrants") for aggregate gross proceeds of US$50 million in accordance with the subscription agreements entered into between the Company and each of Panasonic Holdings Corporation ("Panasonic") and General Motors Holdings LLC ("GM") on February 14, 2024. Through the Tranche 1 Investment, each of GM and Panasonic subscribed for 12,500,000 Common Shares and 12,500,000 Warrants for an aggregate purchase price of US$25 million. The Company intends to use the proceeds of the Tranche 1 Investment to support the advancement of NMG's Phase-2 operations the Matawinie Mine and the Bécancour Battery Material Plant in line with their respective battery specifications. The Company anticipates closing its private placement of 18,750,000 Common Shares and 18,750,000 Warrants, previously announced on February 15, 2024, for aggregate gross proceeds of US$37.5 million in accordance with the subscription agreements entered into between the Company and each of Mitsui & Co., Ltd. and Pallinghurst Bond Limited (collectively, the "Related Party Transactions") upon receipt of the required regulatory approvals and satisfaction of the requirements of Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions (as described in detail in the February 15, 2024 news release) and will provide further updates on the Related Party Transactions in due course.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

NMG Is Gearing up for Its Phase 2 Commercial Operations in Bécancour - Innovative Workforce Training Program Established and Relationships Forged With Contractors and Suppliers

  • Launch of a training program in green technology industrial processes in partnership with the region's education and industrial partners to secure a local and qualified workforce
  • Meetings held with over 300 regional companies in recent months to identify local capacity and plan the Company's procurement strategy
  • Progress in pre-construction, permit applications, and engineering for the final investment decision, supported by offtake and investment agreements with GM and Panasonic
  • Implementation of NMG's Phase-2 Bécancour Battery Materials Plant in the heart of the Bécancour industrial park, where construction on the GM-Posco, Ford and Nemaska Lithium plants is underway

Nouveau Monde Graphite Inc. ("NMG" or the "Company") ( NYSE:NMG , TSXV: NOU ) is ramping up its efforts in Bécancour, Québec, to implement its Phase-2 Bécancour Battery Materials Plant. To meet its expected needs for a skilled workforce, construction contractors, and product and service suppliers, NMG is actively engaged in regional development initiatives in the areas of training and procurement. The Company is also continuing its engineering, permitting, and pre-construction work towards the final investment decision ("FID"). These activities are underpinned by offtake agreements and strategic investments with Panasonic Energy Co., Ltd. ("Panasonic Energy"), a wholly owned subsidiary of Panasonic Holdings Corporation ("Panasonic") ( TYO: 6752 ) and General Motors Holdings LLC, a wholly owned subsidiary of General Motors Co. (collectively, "GM") ( NYSE:GM ).

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×