Electric Royalties: Unveiling Progress in Copper, Cobalt, and More

Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) recently provided updates on its diverse royalty portfolio, encompassing copper, cobalt, graphite, lithium, manganese, and tin projects. These updates highlight the company's strategic position in the growing clean energy metals sector.

The Råna Nickel-Copper-Cobalt Project, with a 1.0% net smelter royalty, has shown promising exploration progress. Drilling has commenced at the Råna Project in Norway, targeting mineralized nickel-copper-cobalt massive sulphide at surface. Kingsrose Mining Limited (ASX: KRM) has earned a 51% interest in the project by incurring A$3 million in expenditures and plans to increase its interest to 65% by spending an additional A$4 million within the next two years. The drill program results are pending, but Global Energy Metals Corporation (TSXV:GEMC) reports potential for the discovery of high-grade sulphide nickel-copper-cobalt mineralization at Råna.


The Millennium Copper-Cobalt Project, with a 0.5% gross revenue royalty, has revealed significant graphite intervals adjacent to the existing cobalt-copper-gold mineral resource. Metal Bank Limited (ASX:MBK) plans to assess the potential for further value by developing the graphite potential of the Millennium Project. This includes additional surface mapping and sampling, a review of existing geophysical data, and low-cost reassaying of previous core laboratory samples, existing bulk samples, and drill core for total graphitic carbon content.


The Graphite Bull Graphite Project, with a 0.75% gross revenue royalty, is advancing towards a mineral resource estimate under JORC standards in Q4 2024. Buxton Resources Limited (ASX:BUX) has reported intersecting graphite mineralization in its ongoing drilling program, with generally thicker true widths of mineralization in the east compared to the resource area. Earlier in the program, diamond hole GB006DD intersected 50.35 meters of graphitic mineralization, 240 m directly down dip from the base of the resource estimated in 2014.

The Battery Hill manganese project in Canada is making progress on metallurgy in preparation for a prefeasibility study, a major milestone in moving the project forward to production. Exploration progress is also being made at the Ruddy lithium asset in Eastern Canada and the Graphite Bull graphite asset in Australia.


Electric Royalties is also searching for a partner to bring the Graphmada mining complex in Madagascar back into production. Graphmada is a past-producing mine that operated continuously for 20 months and had its product qualified by offtakers before being put on care and maintenance due to Covid restrictions.

These updates demonstrate Electric Royalties' commitment to its diverse royalty portfolio and its strategic position in the growing clean energy metals sector. As the demand for these metals continues to grow, Electric Royalties' revenue-generating royalty portfolio is well-positioned to benefit from the exponential growth forecast in demand for clean energy metals.