Electric Royalties Ltd. announced that the company has entered into a Letter of Intent with Perry English, Michael Kilbourne, 1544230 Ontario Inc. and Gravel Ridge Resources Ltd. (together, the Vendors), dated November 3, 2023, to acquire a portfolio of 126 lithium properties in Eastern Canada (the Transaction). This proposed acquisition comprises a land package of 126 properties totaling over 1,000,000 acres of highly-pro prospective lithium prospects in Eastern Canada - a region that could be the center of clean energy metals production for decades to come. This generates near-term cash flow while maintaining long-term upside via royalties on those assets.
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
0.225 CAD | +7.14% |
|
+4.65% | -8.16% |
1st Jan change | Capi. | |
---|---|---|
-8.16% | 16.23M | |
+29.77% | 86.35B | |
+15.95% | 70.91B | |
-.--% | 29.25B | |
+44.57% | 9.79B | |
+8.04% | 9.1B | |
+18.82% | 8.41B | |
-0.40% | 7.39B | |
+24.39% | 5.83B | |
-40.04% | 5.5B |
- Stock Market
- Equities
- ELEC Stock
- News Electric Royalties Ltd.
- Electric Royalties Ltd. Signs Letter of Intent to Acquire Portfolio of 126 Lithium Properties in Eastern Canada