Only Pure-Play Clean Energy Royalty Firm Teams with Sprott

by Mike Fagan

Mike Fagan


Electric Royalties Ltd. (TSX-V: ELEC)(OTC: ELECF) — currently trading around C$0.40 per share — has entered into an LOI with Sprott Resource Streaming and Royalty on the previously announced MTM (Middle Tennessee Mine) zinc royalty.

Under the proposed terms, Sprott Streaming will pay C$9.15 million in cash in return for 50% of the MTM royalty with Electric Royalties retaining the other 50%.

The deal will mark the first producing royalty for Electric Royalties Ltd. — the only pure-play battery metals focused royalty company in the space.

Electric Royalties CEO, Brendan Yurik — whom you’ll be hearing more from in a moment — commented via press release:
 

"We are excited to partner with Sprott on our first cash flowing royalty acquisition and look forward to working with them on many more deals in the future. Sprott Royalty and Streaming has an outstanding team and track record."


Electric Royalties is planning a minimum C$10 million financing to close the MTM royalty acquisition with final terms to be announced soon.

With the rise of EVs and the electrification of everything, Electric Royalties is strategically positioned to take full advantage of rising demand across the full spectrum of green energy commodities including zinc, manganese, lithium, vanadium, tin, graphite, cobalt, nickel, and copper.

With a dozen-plus royalties under its belt spread across Tier-1 jurisdictions including the United States, Canada, and Australia — plus a mandate for additional accretive future and current cash-producing royalty acquisitions — Electric Royalties is one-to-watch in the junior royalty space.

Our own Gerardo Del Real caught up with Electric Royalties CEO, Brendan Yurik, for a look at the company’s first cash flowing royalty acquisition and next-steps for the company. You can listen in to that conversation here (transcript available as well).

You can also find more information on Electric Royalties here.

Yours in profits,

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest
 


Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.