Business
Electric Royalties Signs Definitive Acquisition Agreements to Acquire 3 Cobalt Royalties
Electric Royalties Signs Definitive Acquisition Agreements to Acquire 3 Cobalt Royalties ...
About this update from Electric Royalties Ltd.
[{"type":"text","content":"\n\n\n\nElectric Royalties Signs Definitive Acquisition Agreements to Acquire 3 Cobalt Royalties\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnsbt0{\nBORDER-TOP:0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbl0{\nBORDER-LEFT:0pt\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnsbb0{\nBORDER-BOTTOM:0pt\n}\n.prnsbr0{\nBORDER-RIGHT:0pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, BC, July 23, 2020\n\n\n\nVANCOUVER, BC, July 23, 2020 /CNW/ - Electric Royalties Ltd. (TSXV: ELEC) (\"Electric Royalties\" or the \"Company\") is pleased to announce the execution of the definitive acquisition agreements to acquire a portfolio of 3 royalties from Global Energy Metals Corp. (TSXV: GEMC) (\"Global Energy\"). \n\n \n \n \n \n \n \n\n \nBrendan Yurik, CEO of Electric Royalties, summarized: \"It's been an exciting several weeks for Electric Royalties with the closing of an oversubscribed financing for $5.2 million and the successful completion of our go-public transaction with Rebel Capital. With the signing of this agreement with Global Energy Metals, we have now closed on or have signed definitive agreements on 11 royalties in the past month and we are already working on new royalty acquisitions.\"\nMillennium Cobalt Royalty (the \"Millennium GMR Royalty\")The Millennium GMR Royalty is a 0.5% Gross Metal Royalty (\"GMR\") on the Millennium cobalt project (the \"Millennium Cobalt Project\"). The Millennium Cobalt Project is located near Mount Isa, Queensland, Australia. \nThe Millennium Cobalt ProjectThe Millennium Project is an advanced exploration stage cobalt-copper project located in the Mount Isa mining district in the northern part of the jurisdictionally safe state of Queensland, Australia.  The deposit is well located close to the regional centres of Mount Isa and Cloncurry with their well-established mining, transport and processing infrastructure and skilled workforce. There is excellent ...