“On the time we acquired the Seymour Lake lithium royalty, the mission 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 help potential manufacturing as early as 2027. Additional particulars can be found on its web site. Importantly, keep in mind that a royalty’s anticipated annual income will 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) value.
“On the time of our Battery Hill royalty acquisition, the underlying mission had solely a historic useful resource estimate. At the moment, metallurgy has been properly superior, the useful resource has been upgraded, and a PEA has been accomplished. Moreover, Eric Sprott just lately funded mission operator Manganese X Vitality Corp. for the completion of a Prefeasibility Research(” PFS“). And at this time, we’re reporting on extra drill outcomes to help 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. At the moment, 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 circulate within the close to time period.
“The Graphite Bull graphite royalty was a secondary asset once we acquired it in a package deal with our Graphmada royalty; nevertheless, there was important progress at this mission over the past 18 months and at this time we’re reporting that operator Buxton Assets 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 imagine is without doubt one of the prime copper oxide tasks 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 almost doubled at Zonia1.”
Highlights because the Firm’s earlier replace embody:
- Seymour Lake Lithium Undertaking (1.5% Internet 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 Undertaking in Ontario, Canada2. It beforehand revealed technical research in December 2023 describing a plan for the mixed growth of the Seymour Lake Undertaking and the Root Undertaking (the latter of which Electrical Royalties doesn’t maintain a royalty curiosity). The brand new 2025 PEA assesses Seymour Lake on a standalone foundation, making an allowance for up to date optimizations and mine growth choices, and adjusted lithium market circumstances.
Based on Inexperienced Expertise Metals, their present objectives are to advance the deliberate feasibility examine in 2026 and begin manufacturing in 2027.
On February 12, 2025, Inexperienced Expertise Metals introduced that metallurgical testwork outcomes from a Dense-Media-Separation-only processing circuit help a 5.5% to six.0% spodumene focus with low impurities, at industry-comparable recoveries. Based on Cameron Henry, Managing Director of Inexperienced Expertise Metals, “The spodumene focus grade and lithium restoration achieved are according to [our] earlier testwork and akin to among the world’s main arduous rock spodumene lithium tasks.”
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 embody 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 lowered commissioning dangers. Pilot testwork is underway at EcoPro’s South Korean facility to provide battery-grade lithium hydroxide from Seymour Lake materials. A most well-liked website 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 relating to project-level funding, with completion focused for the primary half of 2025. This potential funding is along with the Letter of Curiosity from Export Improvement Canada indicating the potential to supply as much as C$100 million in mission financing, introduced by Inexperienced Expertise Metals on December 22, 2024.
Electrical Royalties is counting on the knowledge offered by Inexperienced Expertise Metals and is unable to confirm the PEA and metallurgical outcomes.
- Battery Hill Manganese Undertaking (2.0% Gross Steel Royalty) – On April 8, 2025, Manganese X Vitality Corp. (TSXV:MN) (“Manganese X”) introduced outcomes of drilling on the Battery Hill Undertaking in New Brunswick, Canada3. This system centered on infill and growth drilling with the objective to improve inferred sources to measured and indicated classes to help the upcoming PFS that’s anticipated to begin in Q2 2025. A brand new mineral useful resource estimate incorporating the drill outcomes is underway.On March 12, 2025, Manganese X introduced constructive outcomes from ABH Engineering’s Section 1 ore sorting examine on pattern materials extracted from Battery Hill, carried out in preparation for the PFS. The preliminary examine outcomes demonstrated over 95% effectiveness in sorting precious 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 Section 1, a extra intensive Section 2 examine is at present underway to evaluate the financial potential of the sorting expertise getting used. Based on Manganese X, the potential advantages embody improved mission economics, lowered power and water consumption, growth of useful resource by cut-off grade discount, a possible enhance in mine life, a rise in whole steel manufacturing, a discount in capital expenditures and, decreased tailings storage and related danger.Manganese X introduced the closing of its non-public 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 knowledge offered by Manganese X and is unable to confirm the outcomes from drilling and the ore sorting examine.
- Mont Sorcier Iron and Vanadium Undertaking (1.0% Gross Steel Vanadium Royalty) – On March 3, 2025, Cerrado Gold Inc. (TSXV:CERT) (“Cerrado”) introduced additional constructive metallurgical take a look at outcomes supporting the power to provide high-purity iron concentrates on the Mont Sorcier Undertaking close to Chibougamau, Québec. The metallurgical outcomes might be used to find out the ultimate circulate sheet design for the feasibility examine at Mont Sorcier which, in line with Cerrado, is anticipated to be accomplished in Q1 2026.
Electrical Royalties is counting on the knowledge offered by Cerrado and in unable to confirm the reported metallurgical outcomes.
- Authier Lithium Undertaking(0.5% Gross Steel Royalty) – Additional to Sayona Mining Restricted (ASX:SYA) (“Sayona”) and Piedmont Lithium Inc.’s (NASDAQ & ASX: PLL) (“Piedmont”) announcement on November 19, 2024 relating to the signing of a definitive settlement to mix the 2 firms to create a number one lithium enterprise, the businesses introduced on April 10, 2025 that the mixed firm might be generally known as Elevra Lithium and its board may have 4 nominees from every of Sayona and Piedmont. The merger is anticipated to be accomplished in mid 2025.Sayona plans to combine mineralized materials from the Authier Lithium Undertaking4, 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 knowledge offered by Sayona.
- Graphite Bull Graphite Undertaking (0.75% Gross Income Royalty) – On February 17, 2025, Buxton Assets Restricted (ASX:BUX) (“Buxton”) introduced an up to date mineral useful resource estimate (“MRE”) beneath JORC requirements for the Graphite Bull Undertaking in Western Australia, that will increase contained graphite by 345%. The mineral useful resource consists of 7.61 million tonnes at 11.6% whole 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 acknowledged: “This up to date MRE improves the tonnage, thickness, strike extent and geological confidence of the Graphite Bull Undertaking, 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 properly 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 knowledge offered by Buxton and is unable to confirm the mineral useful resource estimate.
- Zonia Copper Oxide Undertaking (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 20 years of management in investing in and creating mining tasks worldwide) in consideration for C$26.0 million in money, payable in tranches. The letter settlement gives for a 90-day due diligence interval.Electrical Royalties is counting on the knowledge offered by World Copper.
David Gaunt, P.Geo., a certified one who isn’t impartial of Electrical Royalties, has reviewed and accredited the technical info 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 Undertaking 2024 Replace” with efficient date August 27, 2024, amended November 8, 2024. The up to date estimate consists of 112.2 million quick tons grading 0.297% total-copper within the Indicated class (668 million kilos of copper) and 62.9 million quick 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 Undertaking PEA Highlights Strong 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 Assets 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 beneficial by Buxton and primarily based upon analyses of commodity costs, value estimates for mining and processing, and assumptions relating to a breakeven TGC grade. Mineral Assets 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 may profit from the drive towards electrification of a wide range of client merchandise: vehicles, rechargeable batteries, massive scale power storage, renewable power technology and different purposes.
Electrical automobile gross sales, battery manufacturing capability and renewable power technology are slated to extend considerably over the subsequent a number of years and with it, the demand for these focused commodities. This creates a novel alternative to spend money on and purchase royalties over the mines and tasks that may provide the supplies wanted to gasoline 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 concentrated predominantly on buying royalties on superior stage and working tasks to construct a diversified portfolio situated in jurisdictions with low geopolitical danger, which gives traders publicity to the clear power transition by way of the underlying commodities required to rebuild the worldwide infrastructure over the subsequent a number of many years towards a decarbonized world economic system.
Firm Contact
Brendan Yurik
CEO, Electrical Royalties Ltd.
Telephone: (604) 364‐3540
E mail: Brendan.yurik@electricroyalties.com
https://www.electricroyalties.com/
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change), nor some other regulatory physique or securities alternate platform, accepts accountability for the adequacy or accuracy of this launch.
Cautionary Statements Relating to Ahead-Wanting Info and Different Firm Info
This information launch consists of forward-looking info and forward-looking statements (collectively, “forward-looking info”) with respect to the Firm inside the that means of Canadian securities legal guidelines. This information launch consists of info relating to different firms and tasks owned by such different firms wherein the Firm holds a royalty curiosity, primarily based on beforehand disclosed public info disclosed by these firms and the Firm isn’t answerable for the accuracy of that info, and that each one info offered herein is topic to this Cautionary Assertion Relating to Ahead-Wanting Info and Different Firm Info. Ahead trying info is usually recognized by phrases akin to: imagine, anticipate, anticipate, intend, estimate, postulate and comparable expressions, or are these, which, by their nature, discuss with future occasions. This info represents predictions and precise occasions or outcomes could differ materially. Ahead-looking info could relate to the Firm’s future outlook and anticipated occasions and should embody statements relating to the monetary outcomes, future monetary place, anticipated development of money flows, enterprise technique, budgets, projected prices, projected capital expenditures, taxes, plans, goals, {industry} tendencies and development alternatives of the Firm and the tasks wherein it holds royalty pursuits.
Whereas administration considers these assumptions to be cheap, primarily based on info out there, they could show to be incorrect. Ahead-looking statements contain identified and unknown dangers, uncertainties and different elements which can trigger the precise outcomes, efficiency or achievements of the Firm or these tasks 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 elements embody, however usually are not restricted to dangers related to normal financial circumstances; antagonistic {industry} occasions; advertising and marketing prices; lack of markets; future legislative and regulatory developments involving the renewable power {industry}; incapacity to entry enough capital from inside and exterior sources, and/or incapacity to entry enough capital on beneficial phrases; the mining {industry} usually, current market volatility, revenue tax and regulatory issues; the power of the Firm or the homeowners of those tasks to implement their enterprise methods together with growth 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 info filed with the OTC Markets for a extra full dialogue of all relevant danger elements and their potential results, copies of which can be accessed by means of the Firm’s profile web page at sedarplus.ca and at otcmarkets.com.
