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ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO
ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO ...
About this update from Global Energy Metals Corp
[{"type":"text","content":"\n \n \n \n ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ACROSS 50% OF ROYALTY PORTFOLIO\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 \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n March 2, 2022\n \n /CNW/ - Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) (\"Electric Royalties\" or the \"Company\") is pleased to announce an asset update on its current royalty portfolio.\n \n \n \n \n \n \n \n \n \n \n \n Brendan Yurik\n \n , CEO of Electric Royalties\n \n , says,\n \n \"It's exciting to provide the first update of 2022 with active developments taking place at projects across many of the assets in our royalty portfolio. Drilling is underway on our Cancet,\n \n Seymour Lake\n \n and Chubb lithium assets. Excellent final metallurgical results have been received for the Battery Hill manganese royalty, and we are very keen to see the results of the upcoming PEA, as we believe this may be a very significant royalty for Electric Royalties.\n \n \n \n \n Our expectation is that progress on plans for production with more detailed timelines for\n \n Authier\n \n and Graphmada will be forthcoming in the near future. The owner of\n \n Authier\n \n has recently completed the acquisition of North American Lithium (\"NAL\") and plans to release a study on restarting this historical producer with\n \n Authier\n \n forming an integral part of production.\n \n \n \n \n At Graphmada, a graphite mine that was in continuous production for 20 months prior to being placed on care and maintenance with the outbreak of Covid-19, recently finished graphite concentrate testing suggests successful product upgrading. Exploration work completed during the past year indicates a renewed focus and intention to bring the mine back into production. Moreover, clean energy metal prices have jumped significantly over the past year and we expect that trend to continue as additional countries commit to net zero policies.  With all of the capital being invested in our assets this year and metal prices as they are, we believe that it should be an eventful year in te...