Electric Royalties Announces Interest Conversion under Convertible Credit Facility
Electric Royalties Announces Interest Conversion under
Convertible Credit Facility
VANCOUVER, BC / ACCESS Newswire / August 18, 2025 / Electric Royalties Ltd.
(TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that
Gleason & Sons LLC (the "Lender") has elected to convert C$536,500.00 of accrued
interest on the principal amount of the Company's convertible credit facility (the "Interest")
under the amended and restated convertible loan agreement dated February 16, 2024
between the Lender and Company (the "A&R Agreement"), into 3,700,000 common shares
of the Company (the "Conversion Shares"), at a conversion price of C$0.145 per
Conversion Share (the "Interest Conversion"). Subject to acceptance of the TSX Venture
Exchange (the "TSXV"), the Company expects to issue the Conversion Shares in August
2025.
"This conversion zeroes out all interest accrued prior to last week. We appreciate the
ongoing support of our largest shareholder Stefan Gleason as the Company's diversified
portfolio of 43 royalties continues to develop and mature, " said Electric Royalties CEO
Brendan Yurik. "I look forward to updating the market soon regarding key developments
across our portfolio, which includes our cash-flowing royalty on the Punitaqui copper mine
in Chile. "
The Interest Conversion is treated as a "Shares for Debt" transaction under Policy 4.3 of the
TSX Venture Exchange (the "TSXV"), and the Interest shall be settled in consideration for
the Conversion Shares, upon the terms of the A&R Agreement. Completion of the Interest
Conversion is subject to the approval of the TSX Venture Exchange. All of the Conversion
Shares issuable in connection with the Interest Conversion will bear applicable resale
legends restricting the transfer of said Conversion Shares, including for a period of four
months and one day from the distribution date under Canadian securities laws, and for a
period of six months under U.S. securities laws.
The "related party transaction" requirements under Policy 5.9 of the TSXV and Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-
101") do not apply as the Interest Conversion meets the exemption set forth under Section
5.1(h)(iii) of MI 61-101.
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 and 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 fuel the electric
revolution.
Electric Royalties has a growing portfolio of 43 royalties in lithium, vanadium, manganese,
tin, graphite, cobalt, nickel, zinc and copper across the world. The Company is focused
predominantly on acquiring royalties on advanced stage and operating projects to build a
diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors
exposure to the clean energy transition via the underlying commodities required to rebuild
the global infrastructure over the next several decades toward a decarbonized global
economy.
Company Contact
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: [email protected]
https://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), nor any other regulatory body or
securities exchange platform, 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 within the
meaning of Canadian securities laws. This news release includes information regarding
other companies and projects owned by such other companies in which the Company
holds a royalty interest, based on previously disclosed public information disclosed by
those companies and the Company is not responsible for the accuracy of that information,
and that all information provided herein is subject to this Cautionary Statement Regarding
Forward-Looking Information and Other Company Information. 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 and may include statements regarding the 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 of the Company and the projects in which it holds royalty interests.
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 projects 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, recent market volatility, income tax and regulatory matters; the ability of
the Company or the owners of these projects to implement their 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+ as well as other
information filed with the OTC Markets 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 sedarplus.ca and at otcmarkets.com.
SOURCE: Electric Royalties Ltd.