Electric Royalties Ltd. announces significant progress in its royalty portfolio

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) recently provided an update regarding its royalty portfolio, highlighting several positive developments despite challenging conditions in the commodity markets. CEO Brendan Yurik remains optimistic about future demand for metals involved in clean energy, particularly in North America, Europe, and Australia where the company has the majority of its interests.

The Seymour Lake project stands out, with the upcoming completion of a feasibility study and an agreement with LG Energy Solution for the purchase of lithium. The Battery Hill project could benefit from federal support following the potential addition of manganese to Canada's list of critical minerals. Furthermore, the Råna nickel-copper-cobalt project in Norway has revealed new areas of nickel sulphide mineralization, and promising results are expected for the Chubb Lithium projects in Quebec and Graphite Bull in Western Australia.

Electric Royalties focuses on acquiring royalties on advanced and producing projects in regions with low geopolitical risk, aiming to provide exposure to materials critical to the global energy transition to a decarbonized economy.