Electric Royalties Ltd. (TSX-V: ELEC) is pleased to announce that it has entered into definitive transaction documentation with Vox Royalty Corp. (TSX-V: Vox) for Electric Royalties to acquire a portfolio of two graphite royalties from Vox for C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non-refundable exclusivity payment, as announced in a prior press release dated May 18, 2021.
Closing of the Transaction is conditional upon completion of due diligence and customary conditions including the approval of the TSX Venture Exchange.
For additional information on the Transaction, please refer to the Electric Royalties press release dated May 18, 2021, available at https://www.electricroyalties.com/post/electric-royalties-signs-loi-to-acquire-2-graphite-royalties-from-vox-royalty.
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel & copper) that will benefit from the drive toward electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.
Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.
Electric Royalties has a portfolio of 12 royalties with 4 more royalties currently under acquisition. The Company plans to focus predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.
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We acknowledge the [financial] support of the Government of Canada.