Electric Royalties Provides Development Update ON Royalty Portfolio
ELECTRIC ROYALTIES PROVIDES
DEVELOPMENT UPDATE ON ROYALTY
PORTFOLIO
VANCOUVER, BC
,
May 31, 2022
/CNW/ - Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF)
("Electric Royalties" or the "Company") is pleased to announce that Sayona Mining Limited (ASX:
SYA) has completed a
A$190 million
institutional placement to fund the restart of spodumene
concentrate production at Sayona's North American Lithium ("NAL") operation in Québec,
Canada
(Sayona 75%; Piedmont Lithium 25%) and broader development initiatives, including
A$35 million
earmarked for
Authier
development activities. For further details, see Sayona Mining's press release
on
May 27, 2022
.
As part of its plans to create a lithium mining hub in the Abitibi region of Québec, Sayona aims to
restore operations at NAL and integrate it with its wholly owned Authier Project. The restart of the
NAL operation would allow Sayona to launch production ahead of other North American projects.
Brendan Yurik
, CEO of Electric Royalties
, commented:
"We welcome this news by Sayona and
the
A$35 million
plan to advance the Authier Project – our 0.5% gross revenue royalty asset –
funded at no cost to Electric Royalties. We are pleased with the announced development of one of
the leading lithium resource bases in
North America
, amid growing demand from the electrification
of the world's auto fleet."
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 19 royalties, including one royalty that currently
generates revenue. 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 towards a
decarbonized global economy.
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, the Covid-19 pandemic, 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
www.sedar.com
and at otcmarkets.com.
SOURCE
Electric Royalties Ltd.
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For further information:
Brendan Yurik, Phone: (604) 364
3540, Email:
[email protected], www.electricroyalties.com
CO: Electric Royalties Ltd.
CNW 07:45e 31-MAY-22