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China's Mineral Export Ban Reinforces Electric Royalties' Long-Term Strategic Focus on Projects Located in Safer Jurisdictions
VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELE...
About this update from Electric Royalties Ltd.
[{"type":"text","content":"China's Mineral Export Ban Reinforces Electric Royalties' Long-Term Strategic Focus on Projects Located in Safer Jurisdictions VANCOUVER, BC / ACCESS Newswire / May 13, 2025 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (\"Electric Royalties\" or the \"Company\") notes that the recent export restrictions imposed by China on critical minerals have sparked the very global concerns regarding supply chain vulnerabilities that the Company anticipated since its founding in 2020, when it first prioritized creation or acquisition of royalties on projects in safer jurisdictions.China is the world's largest producer of germanium, gallium and antimony, which have niche but vital roles in clean energy, chip-making and defense1. Since 2023, Beijing has gradually added the minerals to its export controls list. In December 2024, it banned exports to the U.S. and announced further export controls for graphite2.\"China's decision to curb exports of these critical minerals underscores the urgency of reducing reliance on a single dominant supplier, no matter which particular mineral,\" said Brendan Yurik, CEO of Electric Royalties. \"Recent measures by the U.S. government, including the White House's executive order to expedite domestic critical mineral projects3, highlight the growing importance of North American mineral development.\"Mr. Yurik is referring to initiatives outlined in President Trump's Executive Order 14272, titled \"Ensuring National Security and Economic Resilience through Section 232 Actions on Processed Critical Minerals and Derivative Products\" that not only prioritize domestic mining and processing projects but also reinforce the strategic value of critical minerals essential for transportation, energy, telecommunications, advanced manufacturing, and national security4.Mr. Yurik further commented: \"We believe our Company's investments are well-positioned to capitalize on this evolving landscape. Our royalty portfolio leverages North America's rich mineral resources that are being developed to contribute to a secure and sustainable supply chain for critical minerals.\"For example, the presence of germanium and gallium at the Middle Tennessee Zinc Mine in Tennessee, U.S., positions it to be a potential supplier of these minerals when it re-commences production. Additionally, our graphite royalty assets in Canada, Austra...