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Electric Royalties to Acquire 1% NSR on Rana Nickel Project
Electric Royalties to Acquire 1% NSR on Rana Nickel Project Canada NewsWire ...
About this update from Electric Royalties Ltd.
[{"type":"text","content":"\n \n \n \n Electric Royalties to Acquire 1% NSR on Rana Nickel Project\n \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.prngen2{\nBORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; VERTICAL-ALIGN: TOP; BORDER-BOTTOM:black 0pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:black 0pt; PADDING-RIGHT:0.50em\n}\n.prnbcc{\nBORDER-TOP-COLOR:; BORDER-COLLAPSE: COLLAPSE; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; BORDER-RIGHT-COLOR:\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER\n \n ,\n \n Oct. 19, 2021\n \n \n /CNW/ - Electric Royalties Ltd.\n \n (TSXV: ELEC) (OTCQB: ELECF)\n \n (\"Electric Royalties\" or the \"Company\")\n \n is pleased to announce the signing of a letter of intent with Scandinavian Resource Holdings (\"SRH\") and Global Energy Metals Corp. (TSX-V: GEMC) to acquire a 1% net smelter revenue royalty (the \"1% NSR\") on four exploration licenses totaling 25 square kilometers in the Råna mafic-ultramafic intrusion in\n \n Northern Norway\n \n , including the past producing Bruvann Nickel mine (the \"Rana Nickel Project\" or \"Rana\").\n \n \n \n \n \n \n \n \n \n \n Rana Nickel Royalty Acquisition Highlights\n \n \n \n \n Includes the past producing Bruvann Ni-Cu-Co mine that shut down in 2002 due to low nickel prices, which has significant remaining historical resources.\n \n \n Located adjacent to main north-south highway and in an area with a long history of mining and skilled manpower.\n \n \n Available mine infrastructure includes power, roads, and conveyor from mine site to existing port facilities.\n \n \n Large historical drill database of 3,845 holes which demonstrates compelling near mine exploration potential.\n \n \n Underexplored property with demonstrated exploration potential.\n \n \n \n \n Rana Nickel Project Overview\n \n \n The Rana Nickel Project is located on the Ofoten Fjord in\n \n Northern Norway\n \n and is ice-free year-round.  The project includes the past producing Bruvann Ni-Cu-Co mine which was in production from 1989 until 2002 and processed 8.2 million tonnes of ore at an average grade of 0.52% Ni, 0.1% Cu and 0...