ELECTRICAL FEES FILE TECHNICAL REPORT
VANCOUVER, BC, February 23, 2022 /CNW/ – Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELEC) (“Electric Charges” or the “Company”) announces that it will file today the report entitled “Amended NI 43-101 Technical Report, Middle Tennessee Mines, Tennessee, United Statesby Martin Raffield, Ph.D., P.Eng., and David GauntP.Geo., effective date December 31, 2021 (the “Technical Report”) under its profile on www.sedar.com. The report has been amended to reflect the regulator’s comments.
Electric Royalties has acquired a zinc production royalty from Middle Tennessee Mines (“the MTM Royalty”), located in Smith County, Tennessee, United Statesin 2021. The MTM royalty is a sliding scale royalty on raw metals, with no royalty payable if the price of zinc is lower $0.90 per pound, a 1.0% royalty payable at the price of zinc between $0.90 and $1.10 per pound, and a 1.4% royalty payable at zinc prices above $1.10 per pound. Electric owns a 25% interest in MTM Royalty, with the remaining 75% interest held by Sprott Streaming and Royalties Corp. (see Electric Royalties press release dated August 11, 2021).
About Electric Royalties Ltd..
Electric Royalties is a royalty company created to capitalize on demand for a wide range of products (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the electrification drive of a variety of consumer products: cars, rechargeable batteries, large-scale energy storage, renewable energy generation and other applications.
Sales of electric vehicles, battery production capacity and renewable energy production are expected to increase significantly over the next few years and with them the demand for these targeted products. This creates a unique opportunity to invest and earn royalties from mines and projects that will provide the materials needed to power the electric revolution.
Electric Royalties has a growing portfolio of 18 royalties, including one that is currently generating revenue. The Company is primarily focused on acquiring late-stage project and mining royalties to build a diversified portfolio located in low geopolitical risk jurisdictions, which provides investors with exposure to the energy transition. clean through the underlying raw materials needed to rebuild the global infrastructure over the next few years. decades towards a low-carbon global economy.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulator or trading platform, accepts responsibility for the relevance or accuracy of this release.
Cautions Regarding Forward-Looking Information and Other Company Information
This press release contains forward-looking information and forward-looking statements (collectively, “forward-looking information”) about the Company within the meaning of Canadian securities laws. Forward-looking information is generally identified by words such as: believe, expect, anticipate, intend, estimate, assume 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 prospects and anticipated events and may include statements regarding financial results, future financial condition, expected cash flow growth, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, objectives, industry trends and growth opportunities for the Company and the projects in which it holds royalty interests.
Although management considers these assumptions to be reasonable, based on the information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or such projects to be materially different from any future results, performance or achievements expressed or implied. – understood by forward-looking statements. 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 favorable 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 such projects to implement their business strategies, including expansion plans; competetion; currency and interest rate fluctuations and other risks.
The reader is invited to consult the most recent documents filed by the Company on SEDAR as well as other information filed with the over-the-counter markets for a more complete discussion of all the applicable risk factors and their potential effects, including copies can be viewed on the Company’s profile page at www. .sedar.com and on otcmarkets.com.
SOURCE Electric Royalties Ltd.
For further information: Brendan Yurik Tel. : (604) 364-3540, [email protected]www.electricroyalties.com