Updates from Electric Royalties Ltd. on the royalty portfolio, including the Graphmada graphite asset in Madagascar

The company has a royalty on the Graphmada mine in Madagascar, which was in continuous production for 20 months before being placed in care and maintenance upon the outbreak of the pandemic

Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has updated half of its royalty portfolio, which includes a graphite mine project in Madagascar, which is progressing towards a resumption of production, in the context of rising prices for clean energy metals.

The company has a growing portfolio of 18 royalties, including one that is currently generating revenue. The company was created to capitalize on the demand for a wide range of products, which will benefit from the electrification trend.

The company has a royalty on the Graphmada mine in Madagascar, which was in continuous production for 20 months before being put on maintenance during the outbreak of the pandemic.

“Exploration work completed over the past year indicates renewed focus and intent to return the mine to production. Additionally, clean energy metal prices have jumped significantly over the past year. past year and we expect this trend to continue as more countries commit to net zero policies.” With all capital invested in our assets this year and metal prices as they are , we expect this year to be eventful in terms of progress,” Electric Royalties CEO Brendan Yurik said in a statement.

READ: Electric Royalties closes previously announced acquisition of Rana nickel 1% NSR

Elsewhere, on the Authier lithium project in Quebec, where it holds a royalty, owner Sayona Mining recently completed the acquisition of North American Lithium (NAL) and plans to publish a study on restarting this historic producer with the asset. Authier being an integral part of production, the company also noted.

“Drilling is underway at our Cancet, Seymour Lake and Chubb lithium assets,” Yurik added.

“Excellent final metallurgical results have been received for the Battery Hill manganese royalty, and we are very excited to see the results of the upcoming PEA, as we believe this could be a very significant royalty for Electric Royalties,” said he declared.

Electric Royalties is a royalty company created to capitalize on the demand for a wide range of commodities i.e. lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper, which will benefit from the drive to electrify a variety of consumer products such as cars, rechargeable batteries, large-scale energy storage, renewable energy generation and other applications.

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