“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 Expertise Metals has reported a Preliminary Financial Evaluation(” PEA”) and a useful resource improve, and now could be planning to finish a Feasibility Research (“FS”) in 2026 to assist potential manufacturing as early as 2027. Additional particulars can be found on its web site. Importantly, do not forget that a royalty’s anticipated annual income could be calculated just by taking the royalty charge (1.5% on this case) and multiplying it by the deliberate manufacturing profile by the steel (lithium) worth.
“On the time of our Battery Hill royalty acquisition, the underlying challenge had solely a historic useful resource estimate. In the present day, metallurgy has been effectively superior, the useful resource has been upgraded, and a PEA has been accomplished. Moreover, Eric Sprott not too long ago funded challenge operator Manganese X Vitality Corp. for the completion of a Prefeasibility Research(” PFS”). And in the present day, we’re reporting on further 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. In the present day, operator Cerrado Gold Inc. has efficiently accomplished additional metallurgical testing in partnership with Glencore and reported that it’s presently on observe to finish an FS in Q1 2026.
“The Authier lithium royalty is ready to be built-in into the already producing North American Lithium (“NAL”) mine operated by Sayona Mining Restricted, which is able to 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 once we acquired it in a bundle with our Graphmada royalty; nonetheless, there was vital progress at this challenge during the last 18 months and in the present day 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 prime copper oxide initiatives in North America, is at present 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 Mission (1.5% Web Smelter Royalty) -On February 21, 2025, Inexperienced Expertise Metals Restricted (ASX:GT1) (“Inexperienced Expertise Metals”) introduced an up to date PEA for the Seymour Lake Mission in Ontario, Canada2. It beforehand printed technical research in December 2023 describing a plan for the mixed improvement of the Seymour Lake Mission and the Root Mission (the latter of which Electrical Royalties doesn’t maintain a royalty curiosity). The brand new 2025 PEA assesses Seymour Lake on a standalone foundation, taking into consideration up to date optimizations and mine improvement choices, and altered lithium market situations.
In accordance with Inexperienced Expertise Metals, their present targets are to advance the deliberate feasibility research in 2026 and start manufacturing in 2027.
On February 12, 2025, Inexperienced Expertise 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. In accordance with Cameron Henry, Managing Director of Inexperienced Expertise Metals, “The spodumene focus grade and lithium restoration achieved are in line with [our] earlier testwork and similar to a number of the world’s main onerous rock spodumene lithium initiatives.”
On February 5, 2025, Inexperienced Expertise Metals introduced a proposed lithium hydroxide monohydrate (“LHM”) conversion plant in Ontario – in partnership with battery producer EcoPro Innovation – which is able to embrace two 13-ktpa EcoPro-standard hydrometallurgical trains, using confirmed LHM module design from EcoPro’s South Korean operations to make sure value 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 Expertise Metals can 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 Growth Canada indicating the potential to offer as much as C$100 million in challenge financing, introduced by Inexperienced Expertise Metals on December 22, 2024.
Electrical Royalties is counting on the data offered by Inexperienced Expertise Metals and is unable to confirm the PEA and metallurgical outcomes.
Battery Hill Manganese Mission (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 Mission in New Brunswick, Canada3. This system centered on infill and enlargement drilling with the purpose to improve inferred sources to measured and indicated classes to assist the upcoming PFS that’s anticipated to start in Q2 2025. A brand new mineral useful resource estimate incorporating the drill outcomes is underway.On March 12, 2025, Manganese X introduced optimistic outcomes from ABH Engineering’s Part 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 useful rocks from waste. The take a look at program used a pattern set grading 7.7% manganese. Primarily based on the beneficial preliminary outcomes from Part 1, a extra in depth Part 2 research is at present underway to evaluate the financial potential of the sorting expertise getting used. In accordance with 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 enhance in mine life, a rise in complete steel manufacturing, a discount in capital expenditures and, decreased tailings storage and related threat.Manganese X introduced the closing of its personal placement on January 29, 2025, which raised mixture 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 Mission (1.0% Gross Metallic Vanadium Royalty) – On March 3, 2025, Cerrado Gold Inc. (TSXV:CERT) (“Cerrado”) introduced additional optimistic metallurgical take a look at outcomes supporting the power to provide high-purity iron concentrates on the Mont Sorcier Mission close to Chibougamau, Québec. The metallurgical outcomes will likely be used to find out the ultimate movement sheet design for the feasibility research at Mont Sorcier which, based on Cerrado, is predicted 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 Mission(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 will likely be referred to as Elevra Lithium and its board can have 4 nominees from every of Sayona and Piedmont. The merger is predicted to be accomplished in mid 2025.Sayona plans to combine mineralized materials from the Authier Lithium Project4, on a part of which Electrical Royalties holds a 0.5% gross steel royalty, with its close by North American Lithium (“NAL”) mine. NAL and Authier are at present 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 Mission (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”) beneath JORC requirements for the Graphite Bull Mission in Western Australia, that will increase contained graphite by 345%. The mineral useful resource consists of 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 Mission, 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 Mission (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 twenty years of management in investing in and creating mining initiatives 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 shouldn’t be unbiased of Electrical Royalties, has reviewed and permitted the technical data 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 Mission 2024 Replace” with efficient date August 27, 2024, amended November 8, 2024. The up to date estimate consists of 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 Expertise Metals Restricted information launch titled “Optimised Seymour Mission PEA Highlights Sturdy 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 Particular person.
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 typical 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, value estimates for mining and processing, and assumptions concerning a breakeven TGC grade. Mineral Sources that aren’t Mineral Reserves would not have demonstrated financial viability.
About Electrical Royalties Ltd.
Electrical Royalties is a royalty firm established to benefit from the demand for a variety of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that can profit from the drive towards electrification of a wide range of shopper merchandise: vehicles, rechargeable batteries, giant scale vitality storage, renewable vitality technology and different purposes.
Electrical car gross sales, battery manufacturing capability and renewable vitality technology are slated to extend considerably over the following a number of years and with it, the demand for these focused commodities. This creates a singular alternative to spend money on and purchase royalties over the mines and initiatives that can 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 targeted predominantly on buying royalties on superior stage and working initiatives to construct a diversified portfolio positioned in jurisdictions with low geopolitical threat, which gives buyers publicity to the clear vitality transition through the underlying commodities required to rebuild the worldwide infrastructure over the following a number of many years towards a decarbonized international financial system.
Firm Contact
Brendan YurikCEO, Electrical Royalties Ltd.Cellphone: (604) 364‐3540Email: Brendan.yurik@electricroyalties.comhttps://www.electricroyalties.com/
Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate), nor another regulatory physique or securities alternate platform, accepts duty for the adequacy or accuracy of this launch.
Cautionary Statements Relating to Ahead-Trying Info and Different Firm Info
This information launch consists of forward-looking data and forward-looking statements (collectively, “forward-looking data”) with respect to the Firm throughout the which means of Canadian securities legal guidelines. This information launch consists of data concerning different corporations and initiatives owned by such different corporations during which the Firm holds a royalty curiosity, primarily based on beforehand disclosed public data disclosed by these corporations and the Firm shouldn’t be liable for the accuracy of that data, and that each one data offered herein is topic to this Cautionary Assertion Relating to Ahead-Trying Info and Different Firm Info. Ahead trying data is usually recognized by phrases equivalent to: consider, count on, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, check with future occasions. This data represents predictions and precise occasions or outcomes could differ materially. Ahead-looking data could relate to the Firm’s future outlook and anticipated occasions and will embrace statements concerning the monetary outcomes, future monetary place, anticipated development of money flows, enterprise technique, budgets, projected prices, projected capital expenditures, taxes, plans, aims, {industry} developments and development alternatives of the Firm and the initiatives during which it holds royalty pursuits.
Whereas administration considers these assumptions to be affordable, primarily based on data obtainable, they could show to be incorrect. Ahead-looking statements contain recognized and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm or these initiatives to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. These dangers, uncertainties and different components embrace, however will not be restricted to dangers related to basic financial situations; adversarial {industry} occasions; advertising prices; lack of markets; future legislative and regulatory developments involving the renewable vitality {industry}; incapacity to entry adequate capital from inside and exterior sources, and/or incapacity to entry adequate capital on beneficial phrases; the mining {industry} typically, current market volatility, earnings tax and regulatory issues; the power of the Firm or the homeowners of those initiatives to implement their enterprise methods together with enlargement plans; competitors; foreign money 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 data filed with the OTC Markets for a extra full dialogue of all relevant threat components and their potential results, copies of which can be accessed via the Firm’s profile web page at sedarplus.ca and at otcmarkets.com.
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