“On the time we acquired the Seymour Lake lithium royalty, the challenge solely had a historic JORC useful resource and minimal metallurgical research accomplished. Since then, Inexperienced Know-how Metals has reported a Preliminary Financial Evaluation(” PEA”) and a useful resource improve, and now’s planning to finish a Feasibility Examine (“FS”) in 2026 to assist potential manufacturing as early as 2027. Additional particulars can be found on its web site. Importantly, keep in mind that a royalty’s anticipated annual income may be calculated just by taking the royalty fee (1.5% on this case) and multiplying it by the deliberate manufacturing profile by the metallic (lithium) value.
“On the time of our Battery Hill royalty acquisition, the underlying challenge had solely a historic useful resource estimate. Right now, metallurgy has been effectively superior, the useful resource has been upgraded, and a PEA has been accomplished. Moreover, Eric Sprott just lately funded challenge operator Manganese X Vitality Corp. for the completion of a Prefeasibility Examine(” PFS”). And immediately, we’re reporting on extra drill outcomes to assist the upcoming PFS.
“Electrical Royalties likewise acquired the Mont Sorcier vanadium royalty at a time when it solely had a useful resource estimate in place. Right now, operator Cerrado Gold Inc. has efficiently accomplished additional metallurgical testing in partnership with Glencore and reported that it’s presently on monitor to finish an FS in Q1 2026.
“The Authier lithium royalty is about to be built-in into the already producing North American Lithium (“NAL”) mine operated by Sayona Mining Restricted, which can quickly full its merger with Piedmont Lithium Inc. Upon completion, and as outlined within the NAL’s FS, Authier’s integration might add to Electrical Royalties’ money movement within the close to time period.
“The Graphite Bull graphite royalty was a secondary asset after we acquired it in a bundle with our Graphmada royalty; nevertheless, there was important progress at this challenge during the last 18 months and immediately we’re reporting that operator Buxton Sources has accomplished an up to date useful resource estimate and is anticipating outcomes quickly from metallurgical testwork to assist inform its deliberate PFS.
“Lastly, our Zonia copper royalty, which we consider is among the high copper oxide tasks in North America, is presently within the means of being acquired by a European group that has introduced plans to aggressively advance it to manufacturing. As operator World Copper Ltd. reported final fall, the useful resource practically doubled at Zonia1.”
Highlights because the Firm’s earlier replace embrace:
- Seymour Lake Lithium Venture (1.5% Web Smelter Royalty) -On February 21, 2025, Inexperienced Know-how Metals Restricted (ASX:GT1) (“Inexperienced Know-how Metals”) introduced an up to date PEA for the Seymour Lake Venture in Ontario, Canada2. It beforehand printed technical research in December 2023 describing a plan for the mixed growth of the Seymour Lake Venture and the Root Venture (the latter of which Electrical Royalties doesn’t maintain a royalty curiosity). The brand new 2025 PEA assesses Seymour Lake on a standalone foundation, making an allowance for up to date optimizations and mine growth choices, and adjusted lithium market circumstances.
Based on Inexperienced Know-how Metals, their present objectives are to advance the deliberate feasibility research in 2026 and begin manufacturing in 2027.
On February 12, 2025, Inexperienced Know-how Metals introduced that metallurgical testwork outcomes from a Dense-Media-Separation-only processing circuit assist a 5.5% to six.0% spodumene focus with low impurities, at industry-comparable recoveries. Based on Cameron Henry, Managing Director of Inexperienced Know-how Metals, “The spodumene focus grade and lithium restoration achieved are per [our] earlier testwork and similar to among the world’s main exhausting rock spodumene lithium tasks.”
On February 5, 2025, Inexperienced Know-how Metals introduced a proposed lithium hydroxide monohydrate (“LHM”) conversion plant in Ontario – in partnership with battery producer EcoPro Innovation – which can embrace two 13-ktpa EcoPro-standard hydrometallurgical trains, using confirmed LHM module design from EcoPro’s South Korean operations to make sure price accuracy, design precision, and diminished commissioning dangers. Pilot testwork is underway at EcoPro’s South Korean facility to provide battery-grade lithium hydroxide from Seymour Lake materials. A most popular web site for the conversion facility has been recognized in Thunder Bay, Ontario, which is present process detailed due diligence.
Inexperienced Know-how Metals can also be advancing discussions with EcoPro concerning project-level funding, with completion focused for the primary half of 2025. This potential funding is along with the Letter of Curiosity from Export Improvement Canada indicating the potential to supply as much as C$100 million in challenge financing, introduced by Inexperienced Know-how Metals on December 22, 2024.
Electrical Royalties is counting on the data offered by Inexperienced Know-how Metals and is unable to confirm the PEA and metallurgical outcomes.
- Battery Hill Manganese Venture (2.0% Gross Metallic Royalty) – On April 8, 2025, Manganese X Vitality Corp. (TSXV:MN) (“Manganese X”) introduced outcomes of drilling on the Battery Hill Venture in New Brunswick, Canada3. This system centered on infill and enlargement drilling with the purpose to improve inferred assets to measured and indicated classes to assist the upcoming PFS that’s anticipated to begin in Q2 2025. A brand new mineral useful resource estimate incorporating the drill outcomes is underway.On March 12, 2025, Manganese X introduced constructive outcomes from ABH Engineering’s Section 1 ore sorting research on pattern materials extracted from Battery Hill, performed in preparation for the PFS. The preliminary research outcomes demonstrated over 95% effectiveness in sorting helpful rocks from waste. The check program used a pattern set grading 7.7% manganese. Primarily based on the beneficial preliminary outcomes from Section 1, a extra intensive Section 2 research is presently underway to evaluate the financial potential of the sorting know-how getting used. Based on Manganese X, the potential advantages embrace improved challenge economics, diminished vitality and water consumption, enlargement of useful resource by cut-off grade discount, a possible improve in mine life, a rise in complete metallic manufacturing, a discount in capital expenditures and, decreased tailings storage and related danger.Manganese X introduced the closing of its personal placement on January 29, 2025, which raised combination gross proceeds of C$2,100,000, of which C$2,000,000 was invested by main mining investor Eric Sprott. Manganese X plans to make use of the proceeds primarily to advance the event of Battery Hill, together with the PFS.Electrical Royalties is counting on the data offered by Manganese X and is unable to confirm the outcomes from drilling and the ore sorting research.
- Mont Sorcier Iron and Vanadium Venture (1.0% Gross Metallic Vanadium Royalty) – On March 3, 2025, Cerrado Gold Inc. (TSXV:CERT) (“Cerrado”) introduced additional constructive metallurgical check outcomes supporting the flexibility to provide high-purity iron concentrates on the Mont Sorcier Venture close to Chibougamau, Québec. The metallurgical outcomes can be used to find out the ultimate movement sheet design for the feasibility research at Mont Sorcier which, based on Cerrado, is anticipated to be accomplished in Q1 2026.
Electrical Royalties is counting on the data offered by Cerrado and in unable to confirm the reported metallurgical outcomes.
- Authier Lithium Venture(0.5% Gross Metallic Royalty) – Additional to Sayona Mining Restricted (ASX:SYA) (“Sayona”) and Piedmont Lithium Inc.’s (NASDAQ & ASX: PLL) (“Piedmont”) announcement on November 19, 2024 concerning the signing of a definitive settlement to mix the 2 corporations to create a number one lithium enterprise, the businesses introduced on April 10, 2025 that the mixed firm can be often known as Elevra Lithium and its board could have 4 nominees from every of Sayona and Piedmont. The merger is anticipated to be accomplished in mid 2025.Sayona plans to combine mineralized materials from the Authier Lithium Venture4, on a part of which Electrical Royalties holds a 0.5% gross metallic royalty, with its close by North American Lithium (“NAL”) mine. NAL and Authier are presently a part of Sayona Québec, owned 75% by Sayona and 25% by Piedmont.
Electrical Royalties is counting on the data offered by Sayona.
- Graphite Bull Graphite Venture (0.75% Gross Income Royalty) – On February 17, 2025, Buxton Sources Restricted (ASX:BUX) (“Buxton”) introduced an up to date mineral useful resource estimate (“MRE”) underneath JORC requirements for the Graphite Bull Venture in Western Australia, that will increase contained graphite by 345%. The mineral useful resource contains 7.61 million tonnes at 11.6% complete graphitic carbon (“TGC”) within the indicated class and 13.1 million tonnes at 10.4% TGC within the inferred class, at a 7% TGC cut-off5. Buxton CEO Marty Moloney said: “This up to date MRE improves the tonnage, thickness, strike extent and geological confidence of the Graphite Bull Venture, with quite a few shallow drill targets remaining as exploration upside.”
As introduced by Buxton on April 1, 2025, downstream qualification testwork on Graphite Bull materials is effectively underway with outcomes anticipated in July 2025. The testwork outcomes, together with Buxton’s up to date MRE, will information its plans for additional work at Graphite Bull.
Electrical Royalties is counting on the data offered by Buxton and is unable to confirm the mineral useful resource estimate.
- Zonia Copper Oxide Venture (0.5% Gross Income Royalty) – On February 19, 2025, World Copper Ltd. (TSXV:WCU) (“World Copper”) introduced it has entered right into a binding letter settlement to promote its curiosity within the Zonia copper-oxide deposit in Arizona, USA, to an arm’s size third-party (a European metals and mining funding supervisor with 20 years of management in investing in and creating mining tasks worldwide) in consideration for C$26.0 million in money, payable in tranches. The letter settlement offers for a 90-day due diligence interval.Electrical Royalties is counting on the data offered by World Copper.
David Gaunt, P.Geo., a professional one who just isn’t unbiased of Electrical Royalties, has reviewed and accepted the technical info on this launch.
1 World Copper Ltd. information launch dated September 9, 2024. The NI 43-101 technical report filed on sedarplus.ca is titled “Useful resource Estimate for The Zonia Venture 2024 Replace” with efficient date August 27, 2024, amended November 8, 2024. The up to date estimate contains 112.2 million brief tons grading 0.297% total-copper within the Indicated class (668 million kilos of copper) and 62.9 million brief tons grading 0.255% total-copper within the Inferred class (320 million kilos of copper) at a cut-off grade of 0.18%; recoveries of 75% in oxides and 70% within the transitional zone.
2 Inexperienced Know-how Metals Restricted information launch titled “Optimised Seymour Venture PEA Highlights Strong Economics” dated February 21, 2025.
3 See Manganese X Vitality Corp.’s information launch dated April 8, 2025 for full outcomes, QA/QC practices and Certified Individual.
4 Sayona Mining Restricted information launch dated April 14, 2023, titled “DEFINITIVE FEASIBILITY STUDY CONFIRMS NAL VALUE WITH A$2.2B NPV”.
5 Buxton Sources Restricted information launch titled “Graphite Bull Useful resource Expands 345%” dated February 17, 2025, JORC Code, 2012 Version – Desk 1. The Graphite Bull Mineral Useful resource is reported above the 200 m RL, which is roughly at a depth of 200 m under topographic floor. This depth is taken into account to be an inexpensive depth to which standard open pit mining will attain. The MRE is reported above a cut-off grade of seven% TGC, which is really useful by Buxton and primarily based upon analyses of commodity costs, price estimates for mining and processing, and assumptions concerning a breakeven TGC grade. Mineral Sources that aren’t Mineral Reserves do not need demonstrated financial viability.
About Electrical Royalties Ltd.
Electrical Royalties is a royalty firm established to make the most of the demand for a variety of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that may profit from the drive towards electrification of a wide range of client merchandise: vehicles, rechargeable batteries, massive scale vitality storage, renewable vitality technology and different purposes.
Electrical automobile gross sales, battery manufacturing capability and renewable vitality technology are slated to extend considerably over the subsequent a number of years and with it, the demand for these focused commodities. This creates a novel alternative to put money into and purchase royalties over the mines and tasks that may provide the supplies wanted to gas the electrical revolution.
Electrical Royalties has a rising portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper the world over. The Firm is concentrated predominantly on buying royalties on superior stage and working tasks to construct a diversified portfolio situated in jurisdictions with low geopolitical danger, which affords traders publicity to the clear vitality transition by way of the underlying commodities required to rebuild the worldwide infrastructure over the subsequent a number of a long time towards a decarbonized international economic system.
Firm Contact
Brendan Yurik
CEO, Electrical Royalties Ltd.
Telephone: (604) 364‐3540
E-mail: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/
Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate), nor every other regulatory physique or securities change platform, accepts duty for the adequacy or accuracy of this launch.
Cautionary Statements Concerning Ahead-Trying Info and Different Firm Info
This information launch contains forward-looking info and forward-looking statements (collectively, “forward-looking info”) with respect to the Firm throughout the that means of Canadian securities legal guidelines. This information launch contains info concerning different corporations and tasks owned by such different corporations by which the Firm holds a royalty curiosity, primarily based on beforehand disclosed public info disclosed by these corporations and the Firm just isn’t liable for the accuracy of that info, and that every one info offered herein is topic to this Cautionary Assertion Concerning Ahead-Trying Info and Different Firm Info. Ahead trying info is usually recognized by phrases similar to: consider, count on, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, discuss with future occasions. This info represents predictions and precise occasions or outcomes might differ materially. Ahead-looking info might relate to the Firm’s future outlook and anticipated occasions and will embrace statements concerning the monetary outcomes, future monetary place, anticipated progress of money flows, enterprise technique, budgets, projected prices, projected capital expenditures, taxes, plans, aims, {industry} traits and progress alternatives of the Firm and the tasks by which it holds royalty pursuits.
Whereas administration considers these assumptions to be affordable, primarily based on info accessible, they could show to be incorrect. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm or these tasks to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. These dangers, uncertainties and different elements embrace, however should not restricted to dangers related to normal financial circumstances; adversarial {industry} occasions; advertising prices; lack of markets; future legislative and regulatory developments involving the renewable vitality {industry}; incapacity to entry ample capital from inside and exterior sources, and/or incapacity to entry ample capital on beneficial phrases; the mining {industry} usually, latest market volatility, revenue tax and regulatory issues; the flexibility of the Firm or the house owners of those tasks to implement their enterprise methods together with enlargement plans; competitors; forex and rate of interest fluctuations, and the opposite dangers.
The reader is referred to the Firm’s most up-to-date filings on SEDAR+ in addition to different info filed with the OTC Markets for a extra full dialogue of all relevant danger elements and their potential results, copies of which can be accessed by way of the Firm’s profile web page at sedarplus.ca and at otcmarkets.com.
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