Electric Royalties Provides Update ON Authier Lithium Royalty
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ELECTRIC ROYALTIES PROVIDES UPDATE ON AUTHIER LITHIUM ROYALTY
VANCOUVER, BRITISH COLUMBIA – March 7, 2023 – Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF)
(“Electric Royalties” or the “Company”) is pleased to announce that Sayona Mining Limited (ASX: SYA)
(“Sayona”) has voluntarily submitted its Authier Lithium Project (or “Authier”) for an environmental
impact assessment and review under the Québec Government’s ‘BAPE’ (Bureau d'audiences publiques en
environnement) process. According to Sayona’s news release dated February 27, 2023, its request has
been accepted by Québec’s Ministry of the Environment, the Fight Against Climate Change, Wildlife and
Parks.
The BAPE's mission is assist government decision‐making by communicating to the environment minister
findings and opinions that reflect any local concerns that are based on the principles of the Sustainable
Development Act.
Sayona also reported that its nearby North American Lithium (“NAL”) operation in Québec, Canada, is on
track to recommence spodumene (lithium) production in March 2023. The start‐up of process operation
was reportedly successful, and comprise s the circulation of mineralized material through the entire
system, from crushing through sorting, grinding and separation . Authier is envisioned by Sayona to
become a source of spodumene feed for the NAL concentrator.
As a result, the Authier Project no longer requires its own concentrator or tailings storage, and the planned
daily output below the 2,000 -tonne threshold has resulted in a considerably reduced environmental
impact compared to the original regulatory submission.
Electric Royalties holds a 0.5% gross metal royalty on the Authier Lithium Project.
David Gaunt, P.Geo., a Qualified Person who is not independent of Electric Royalties, has reviewed and
approved the technical information in this release.
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 2 1 royalties, including two royalties that currently generate
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revenue. The Company is focused predominantly on acquiring royalties on advanced stage and operating
projects to build a diversified portfolio l ocated 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.
For further information, please contact:
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: [email protected]
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 forwa rd-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 responsib le for the accuracy of that information,
and that all information provi ded 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 simil ar 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 develop ments 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
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effects, copies of which may be accessed through the Com pany’s profile page at www.sedar.com and at
otcmarkets.com.