VANCOUVER, BC, July 5, 2021 /CNW/ - Electric Royalties
Ltd. (TSXV: ELEC) ("Electric Royalties" or the
"Company") is pleased to announce that it has entered into
definitive transaction documentation with Vox Royalty Corp. (TSXV:
Vox) ("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 (the "Transaction"), 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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements Regarding Forward-Looking
Information and Other Company Information
This news release includes information regarding other
companies based on previously disclosed pubic information disclosed
by those companies and the Company is not responsibility for the
accuracy of that information, and that all information provided
herein is subject to this FLI cautionary. This news release
also includes forward-looking information and
forward-looking statements (collectively, "forward-looking
information") with respect to the Company and these other companies
and within the meaning of Canadian securities laws. Forward looking
information is typically identified by words such as: believe,
expect, anticipate, intend, estimate, postulate and similar
expressions, or are those, which, by their nature, refer to future
events. This information represents predictions and actual events
or results may differ materially. Forward-looking information may
relate to the Company's future outlook and anticipated events or
results or those of these other companies and may include
statements regarding the Company's financial results, future
financial position, expected growth of cash flows, business
strategy, budgets, projected costs, projected capital expenditures,
taxes, plans, objectives, industry trends and growth opportunities
or those of these other companies.
While management considers these assumptions to be
reasonable, based on information available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company or these other
companies to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These risks, uncertainties and other
factors include, but are not limited to risks associated with
general economic conditions; adverse industry events; marketing
costs; loss of markets; future legislative and regulatory
developments involving the renewable energy industry; inability to
access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms;
the mining industry generally, the Covid-19 pandemic, recent market
volatility, income tax and regulatory matters; the ability of the
Company or any of these other companies to implement its business
strategies including expansion plans; competition; currency and
interest rate fluctuations, and the other risks.
The reader is referred to the Company's most recent filings
on SEDAR and those of these other companies, or equivalent public
filings for a more complete discussion of all applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's profile page at
www.sedar.com.
SOURCE Electric Royalties Ltd.