Electric Royalties Provides Update On Royalty Portfolio

About this update from Electric Royalties Ltd.

[{"type":"text","content":"Electric Royalties Provides Update On Royalty PortfolioVANCOUVER, BC / ACCESSWIRE / June 16, 2022 / Electric Royalties Ltd. (TSXV:ELEC) (OTCQB:ELECF) (\"Electric Royalties\" or the \"Company\") is pleased to provide an asset update on its current royalty portfolio.Brendan Yurik, CEO of Electric Royalties, commented: \"A tremendous first half of 2022 has seen 24 exciting developments across 11 assets within our royalty portfolio. Drilling is underway at the high-grade copper-cobalt Millennium project in Australia with assays expected later this year. Drill results have been received on the promising Seymour Lake lithium project in Ontario and the operator has announced that a resource estimate is imminent. Metallurgical development milestones are being advanced at our Battery Hill manganese royalty as Manganese X Energy Corp. kicks off a pilot plant program after years of rigorous test work in partnership with Kemetco. Initial processing test results at the Cancet lithium project are promising, showcasing a fairly simple process and indicating potential to produce a 6% lithium spodumene concentrate suitable for the battery market. And lastly, Sayona Mining has been very busy as operator of our Authier lithium royalty, having raised over $150 million this past month alone and announcing a pre-feasibility study incorporating the Authier lithium project into a combined production scenario with the nearby North American Lithium mine, located 60 km north of Val-d'Or, Quebec.\"Investors are rightly concerned about ongoing inflation levels, but as a royalty company, we're protected from capital cost inflation as when the time comes to build mines, Electric Royalties has no required contribution to any inflated costs. We're also largely protected against mine operating cost inflation, other than treatment and smelting charges for net smelter royalties. The value of our royalties is directly proportional to the price of the metals we are targeting and prices have been rising steadily with lithium alone increasing substantially this past year.\"Highlights since the Company's previous development update on May 11, 2022:Millennium Copper-Cobalt Royalty - Global Energy Metals Corp. (TSXV:GEMC) announced on June 2, 2022, the completion of Phase 1 reverse circulation drilling at the Millennium cobalt-copper-gold project in Queensland, Australia...

More updates from Electric Royalties Ltd.