Electric Royalties to Acquire 1% NSR on Sleitat Tin-Silver Project

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[{"type":"text","content":"Electric Royalties to Acquire 1% NSR on Sleitat Tin-Silver ProjectVANCOUVER, BC / ACCESSWIRE / March 10, 2022 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) (\"Electric Royalties\" or the \"Company\") is pleased to announce the signing of a binding letter of intent with a wholly-owned subsidiary of Cornish Metals Inc (CUSN) to acquire a newly granted 1% Net Smelter Royalty (the \"1% NSR\") on mining claims comprising core strategic tenure at the Sleitat Mountain Tin-Silver deposit in Southwestern Alaska (the \"Sleitat Project\" or \"Sleitat\").Brendan Yurik, CEO of Electric Royalties commented, \"We are tremendously excited about adding the first tin royalty to our metals portfolio. Tin prices have appreciated more than 90% in the past year[1] and we believe projections for tin demand remain very bullish for the foreseeable future. In Sleitat, we have transacted on one of the very few hard rock tin assets in North America. We believe securing a tin asset in a Tier 1 jurisdiction is particularly valuable in that China and Indonesia alone were responsible for more than 54% of global tin mine production in 2020.[2] The United States currently has no tin reserves, hasn't produced tin domestically since 1993 and imported 32,000 tonnes of refined tin in 2020. A 2017 paper by the USGS reviewed the tin supply situation and identified Sleitat as one of only two tin deposits in the US with potential to be economically viable.\"[3]Sleitat Tin-Silver Royalty Acquisition HighlightsOne of two projects identified by the USGS as a potentially economic tin deposit within the United StatesSignificant historical inferred resource at favorable grades with notable drill intercepts including:3.1 meters at 12.55% tin and 197 g/t silver within a larger intercept of 29.1 meters at 1.56% tin and 28 g/t silver18.3 meters at 0.76% tin and 4.6 g/t silver within a larger intercept of 104.4 meters at 0.24% tin and 6.5 g/t silver22.7 meters at 0.67% tin and 3.6 g/t silver within a larger intercept of 61.26 meters at 0.38% tin and 4.9 g/t silver[4]Minimal drilling below depth of 100 metersNorth Zone is open laterally and at depthSouth Zone remains completely untested to dateSleitat Project OverviewThe Sleitat Project was originally discovered by Cominco American Inc. in 1983 and is comprised of claims totalling 1,425 hectares. The greisen bodies which host ...

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