Electric Royalties Provides Development Update on Nine Royalties in Portfolio

About this update from Electric Royalties Ltd.

Electric Royalties Provides Development Update on Nine Royalties in PortfolioVANCOUVER, BC / ACCESSWIRE / February 1, 2023 / 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: "It's a great start to 2023 with nine royalty asset updates setting the stage for an exciting year for Electric Royalties' shareholders. With the recent acquisition of a royalty on the Penouta tin-tantalum mine, our second cash-flowing royalty, we are eager for the Authier lithium project to enter production - planned for later this year - which has the potential to become our first lithium cash-flowing royalty. In addition, our lithium portfolio continues to advance with positive metallurgy results at Seymour Lake and approval for a bulk sample in the near future, construction of a full-time camp at Cancet and a new partner to take Bouvier forward in 2023. Lithium prices remain consistently strong with Australian producers raising their spodumene prices to US$6,300 per tonne in December 20221 which bodes very well for the value of our lithium royalty portfolio."Beyond lithium, we've had several more good pieces of news across the rest of the portfolio, including:A new partner committing to take forward the past producing Råna nickel mine through a JV structure that would see them commit C$15 million into the project. We're very keen to see exploration take place on the project. The successful conclusion of the three-phase 2022 exploration program at the Millennium copper-cobalt project with the JV partner Metal Bank continuing its earn-in as the project moves forward in 2023. Promising metallurgy results at the high-grade Graphite Bull project in Australia with results achieving 98.1% total graphitic content and a planned infill drill program to take place in the near term. Exciting developments from Northern Graphite, the operator of our Bissett Creek graphite royalty property, as it entered into an agreement with the Québec Department of Innovation and Development to evaluate sites for a 200,000-tonne-per-year battery anode plant near the port of Baie-Comeau. A battery anode plant in this area would be well situated to receive feedstock from Bissett Creek. In the original 2012 feasibility study, Bissett Creek w...

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