Electric Royalties Sees Exciting 2023 For Royalty Assets; Eyes Potential First Lithium Cash-Flowing Royalty

Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has provided an asset update on nine royalties in its current portfolio, which the company says sets the stage for an “exciting” year for Electric Royalties’ shareholders.

“With the recent acquisition of a royalty on the Penouta tin-tantalum mine, our second cash-flowing royalty, we are eager for the Authier lithium project to enter production – planned for later this year – which has the potential to become our first lithium cash-flowing royalty,” Electric Royalties CEO Brendan Yurik said in a statement.

“In addition, our lithium portfolio continues to advance with positive metallurgy results at Seymour Lake and approval for a bulk sample in the near future, construction of a full-time camp at Cancet and a new partner to take Bouvier forward in 2023,” Yurik added.

The royalty company outlined recent developments on some of its royalty interests, including:

A new partner committing to take forward the past producing Råna nickel mine through a joint venture (JV) structure that would see them commit C$15 million into the project;

Successful conclusion of the three-phase 2022 exploration program at the Millennium copper-cobalt project with the JV partner Metal Bank continuing its earn-in as the project moves forward in 2023;

Promising metallurgy results at the high-grade Graphite Bull project in Australia with results achieving 98.1% total graphitic content and a planned infill drill program to take place in the near term;

Exciting developments from Northern Graphite, operator of Electric Royalties’ Bissett Creek graphite royalty property, which recently disclosed that it is exploring a 100,000-tonne-per-year production case by 2025, an increase from the 38,000 tonnes per year forecast from the 2013 preliminary economic assessment (PEA) and;

Ongoing work at the Battery Hill manganese project, in which Electric Royalties will have the right to 2% of the gross revenues, towards a pre-feasibility study (PFS), with the PEA showcasing a 47-year mine life with average annual revenues of US$177 million based on a base case US$2,900 per tonne price for battery-grade, high-purity manganese sulfate.

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.

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