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Electric Royalties Closes Acquisition of Lithium Royalty and Option Portfolio in Ontario, Canada

Electric Royalties Closes Acquisition of Lithium Royalty and Option Portfolio in Ontario, Canada

電氣特許權使用費完成對加拿大安大略省鋰特許權使用費和期權投資組合的收購
Accesswire ·  05/01 07:45

VANCOUVER, BC / ACCESSWIRE / May 1, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to announce the closing of the previously announced transaction (the "Transaction") to acquire a portfolio of 18 royalty agreements and 32 lithium properties in Ontario, Canada (the "Ontario Lithium Projects" or the "OLP"). Pursuant to the Asset Purchase Agreement between the Company and 1544230 Ontario Inc., MK Exploration Services Inc. and Gravel Ridge Resources Ltd. (together, the "Vendors") dated April 8, 2024, the Company has issued 2,250,000 common shares of the Company to the Vendors and made a net cash payment of C$1,689,000 (which reflects a total cash consideration of C$1,875,000, less C$75,000 down payment provided to the Vendors in November 2023 and C$111,000 held in escrow representing cash payments and the value of shares received by the Vendors after January 1, 2024 pursuant to certain mineral property interests in the OLP).

不列顛哥倫比亞省溫哥華/ACCESSWIRE/2024年5月1日/電氣特許權使用費有限公司(多倫多證券交易所股票代碼:ELEC)(OTCQB: ELECF)(“電氣特許權使用費” 或 “公司”)欣然宣佈完成先前宣佈的收購加拿大安大略省18項特許權使用費協議和32處鋰礦物業(“安大略省鋰業項目” 或 “OLP”)的交易(“交易”)。根據公司與1544230 Ontario Inc.、MK Exploration Services Inc.和Gravel Ridge Resources Ltd.(合稱 “供應商”)於2024年4月8日簽訂的資產購買協議,公司已向供應商發行了2,25萬股公司普通股,淨現金支付額爲1,689,000加元(反映現金對價總額爲1,875,000加元,減去11月向供應商提供的7.5萬加元首付)2023 年和 11.1 萬加元的託管賬戶,代表現金支付和供應商在 2024 年 1 月 1 日之後收到的股票的價值根據OLP中的某些礦產財產權益)。

Brendan Yurik, CEO of Electric Royalties, commented: "Northwestern Ontario is known for its lithium potential; thus we are very pleased to complete the acquisition of these prospective lithium royalties and optioned properties in that region. We have strategically selected these royalties and projects from an initial 126 projects, based on our assessment of their prospective geology and greater proximity to prospects with reported lithium resources and exploration activity.

Electric Royalties首席執行官布倫丹·尤里克評論說:“安大略省西北部以其鋰潛力而聞名;因此,我們很高興完成對該地區這些潛在鋰特許權使用費和期權物業的收購。根據我們對前景地質狀況的評估,以及更接近已報告的鋰資源和勘探活動的前景的距離,我們從最初的126個項目中戰略性地選擇了這些特許權使用費和項目。

"Current lithium market conditions have allowed us to acquire this portfolio at a relatively low cost, while doubling the size of our overall royalty portfolio. The acquisition represents a significant opportunity for Electric Royalties to grow in an accretive manner, as forecasts suggest lithium prices will rebound in the longer term."

“當前的鋰市場狀況使我們能夠以相對較低的成本收購該投資組合,同時將我們的總體特許權使用費投資組合的規模擴大了一倍。此次收購爲電氣特許權使用費提供了大幅增長的重大機會,因爲預測表明,從長遠來看,鋰價格將反彈。”

Overview of the Ontario Lithium Projects (OLP)

安大略省鋰項目 (OLP) 概述

The OLP portfolio consists of 18 royalties (Table 1) and 32 lithium properties (Table 2) located in the province of Ontario, Canada. 31 of the 32 properties are currently being explored by third parties pursuant to option agreements and, to the extent that the applicable option payments (yielding the Company up to $2.2 million) are made over the next two and a half years and the options are exercised, each of the properties would revert into royalty interests for Electric Royalties. Electric Royalties would retain its ownership interest in any properties that are not ultimately transferred to an optionee and would have the right to re-option, sell, or relinquish such properties.

OLP投資組合包括位於加拿大安大略省的18處特許權使用費(表1)和32處鋰電物業(表2)。32處房產中的31處目前正由第三方根據期權協議進行勘探,只要適用的期權付款(公司收益高達220萬美元)將在未來兩年半內支付並行使期權,則每處房產都將恢復爲Electric的特許權使用費特許權使用費。Electric Royalties將保留其在任何最終未轉讓給期權持有人的房產中的所有權權益,並有權重新選擇、出售或放棄此類房產。

The properties cover prospective land on the same geological trends of, and surrounding, major lithium discoveries in Ontario. Six of 24 developed lithium prospects in Ontario with reported reserves or resources are located in the vicinity of these properties1. Several of these properties are adjacent to Green Technology Metals' Seymour Lake Lithium Project (on which Electric Royalties holds a 1.5% net smelter royalty interest) that hosts the Aubry deposits (see Figure 1). The Seymour Lake Lithium Project is road-accessible year-round and is envisioned as a central processing facility with the potential to add production from other deposits in the area. Green Technology Metals is currently pursuing a vertically integrated strategy with multiple mine and processing hubs supplying a central lithium conversion facility that would be built in Thunder Bay, Ontario2.

這些地產涵蓋了與安大略省重大鋰發現及周邊相同地質趨勢的潛在土地。在安大略省已開發的24個已開發的鋰礦勘探區中,有6個位於這些地產附近,報告儲量或資源1。其中幾處房產毗鄰綠色科技金屬公司的西摩湖鋰項目(電力特許權使用費持有該項目1.5%的淨冶煉廠特許權使用費權益),該項目託管奧布里礦牀(見圖1)。西摩湖鋰項目全年通車,被設想爲一箇中央處理設施,有可能增加該地區其他礦牀的產量。Green Technology Metals目前正在推行垂直整合戰略,由多個礦山和加工中心提供中央鋰轉換設施,該設施將建在安大略省桑德貝2

Table 1: OLP Royalties

表 1:OLP 特許權使用費

Operator Operator Stock Exchange Listing Property underlying Royalty

1

Maple Minerals (acquired by Cohiba Minerals) n/a (private) Rogers Creek / McCluskey

2

Maple Minerals (acquired by Cohiba Minerals) n/a (private) Big Rock / Ottertail River SW

3

Maple Minerals (acquired by Cohiba Minerals) n/a (private) Ottertail / Ottertail River NE / Mahamo

4

Maple Minerals (acquired by Cohiba Minerals) n/a (private) Gathering Lake

5

FE Battery Metals CSE Cosgrave

6

Musk Metals CSE Allison Lake

7Electrification and

Decarbonization

AIE LP

n/a (private) Jubilee, Campus Creek, Crescent

8Lithium Triangle

Resources

n/a (private) Root Bay

9

Portofino Resources TSX-V Birkett

10

Double O Seven Mining n/a (private) Separation Rapids Lithium

11

Private BC Company n/a (private) Arrel

12

Lithium One Metals TSX-V Otatakan Township 50% ownership

13

Fifty St George n/a (private) Lauri

14

Sultan Resources ASX Kember / Pakeageama

15

Sultan Resources ASX Allison Lake / Ruddy

16

Lithos Minerals n/a (private) Peggy Lithium

17

Private BC Company n/a (private) Margot Lithium

18

Private BC Company n/a (private) Barbara Lake
操作員 運營商證券交易所上市 特許權使用費基礎財產

1

楓樹礦業(被 Cohiba Minerals 收購) 不適用(私人) 羅傑斯克里克/麥克盧斯基

2

楓樹礦業(被 Cohiba Minerals 收購) 不適用(私人) Big Rock /西南奧特泰爾河

3

楓樹礦業(被 Cohiba Minerals 收購) 不適用(私人) Ottertail/Ottertail River NE/Mahamo

4

楓樹礦業(被 Cohiba Minerals 收購) 不適用(私人) 集會湖

5

鐵電池金屬 案例 科斯格雷夫

6

麝香金屬 案例 艾莉森湖

7電氣化和

脫碳

AIE LP

不適用(私人) 禧年、校園溪、新月

8鋰三角形

資源

不適用(私人) Root Bay

9

波託菲諾資源 TSX-V 伯克特

10

雙七採礦 不適用(私人) 分離急流鋰電池

11

不列顛哥倫比亞省私人公司 不適用(私人) 阿雷爾

12

鋰一金屬 TSX-V 奧塔坎鎮 50% 的所有權

13

五十聖喬治 不適用(私人) 勞裏

14

蘇丹資源 ASX Kember/Pakeageama

15

蘇丹資源 ASX 艾莉森·萊克/Ruddy

16

Lithos 礦物 不適用(私人) 佩吉鋰電

17

不列顛哥倫比亞省私人公司 不適用(私人) 瑪戈特鋰電

18

不列顛哥倫比亞省私人公司 不適用(私人) 芭芭拉湖

Table 2: OLP Properties

表 2:OLP 屬性

Operator Operator Stock Exchange Listing Property

1

Lithium Triangle Resources n/a (private) Allison Lake North and South

2

Mosam Ventures n/a (private) Pakwan Lithium

3

Mosam Ventures n/a (private) Margot Lake

4

Tearlach Resources TSX-V Wesley Lake

5

Tearlach Resources TSX-V Ferland Station

6

Tearlach Resources TSX-V Margot South

7

Tearlach Resources TSX-V McCluskey

8

Private BC Company n/a (private) Jeanette 1

9

Forza Lithium CSE Jeanette 2

10

Planet Green Metals CSE Harrison Road

11

Xplore Resources TSX-V Raggy / Aerial / Cathy Creek

12

Xplore Resources TSX-V Falls / Joseph / Root Bay

13

Xplore Resources TSX-V Root Bay North / Root Bay

14

Xplore Resources TSX-V Root Lake

15

EEE Exploration CSE Barbara

16

Bastion Minerals ASX Pakwan

17Austek

Resources

n/a (private) McCombe

18

LiCan Exploration CSE Crescent

19

LiCan Exploration CSE Wakeman East

20

Private BC Company n/a (private) Maskerine / Lynxpaw / Bingo

21

Mosam Ventures n/a (private) Sharp Lake

22

Lithium One Metals TSX-V Adamhay

23

Lithium One Metals TSX-V Dagny

24

Altari Capital n/a (private) Rosyln Lithium

25

Westmount Minerals CSE Kaba

26

Redstone Resources ASX Greenside Lake / Witchwood

27

Manning Ventures OTC Kaba Cu-Li

28

GoldOn Resources TSX-V Hagarty Creek

29

Solstice Gold TSX-V Purdom

30

Solstice Gold TSX-V Kamuck

31

Private BC Company n/a (private) Falcon Lake

32

Electric Royalties (recently terminated by Maverick Minerals) TSX-V Sollas Lake / Muriel
操作員 運營商證券交易所上市 財產

1

鋰三角資源 不適用(私人) 艾莉森湖北部和南部

2

摩薩姆風險投資公司 不適用(私人) Pakwan 鋰業

3

摩薩姆風險投資公司 不適用(私人) 瑪戈特湖

4

Tearlach 資源 TSX-V 韋斯利湖

5

Tearlach 資源 TSX-V 費蘭站

6

Tearlach 資源 TSX-V 南瑪戈特

7

Tearlach 資源 TSX-V 麥克盧斯基

8

不列顛哥倫比亞省私人公司 不適用(私人) 珍妮特 1

9

極限競速鋰電池 案例 珍妮特 2

10

星球綠色金屬 案例 哈里森路

11

Xplore 資源 TSX-V Raggy/Aerial /凱茜·克里克

12

Xplore 資源 TSX-V 瀑布/約瑟夫/魯特灣

13

Xplore 資源 TSX-V 北魯特灣/魯特灣

14

Xplore 資源 TSX-V 根湖

15

EEE 探索 案例 芭芭拉

16

堡壘礦物 ASX Pakwan

17Austek

資源

不適用(私人) 麥庫姆

18

LiCan 探索 案例 新月

19

LiCan 探索 案例 Wakeman East

20

不列顛哥倫比亞省私人公司 不適用(私人) Maskerine/Lynxpaw/Bingo

21

摩薩姆風險投資公司 不適用(私人) 夏普湖

22

鋰一金屬 TSX-V Adamhay

23

鋰一金屬 TSX-V 達格尼

24

Altari Capital 不適用(私人) Rosyln 鋰電

25

韋斯特蒙特礦業 案例 Kaba

26

紅石資源 ASX 格林賽德湖/威奇伍德

27

曼寧風險投資公司 場外的 Kaba Cu-Li

28

GoldOn 資源 TSX-V 哈加蒂溪

29

Solstice Gold TSX-V Purdom

30

Solstice Gold TSX-V Kamuck

31

不列顛哥倫比亞省私人公司 不適用(私人) 獵鷹湖

32

電力特許權使用費(最近由小牛礦業終止) TSX-V 索拉斯湖/穆里爾

Figure 1: Map showing claim groups comprising the OLP in the Seymour Lake area

圖 1:顯示構成西摩湖地區OLP的索賠群體的地圖

Currently, Canada hosts the sixth-highest lithium reserves of any country, yet 2022 production totaled an estimated 500 tonnes - an amount dwarfed by global lithium powerhouses such as Chile and Australia3. The hard-rock lithium deposits in Canada are hosted in pegmatites containing a lithium-bearing mineral known as spodumene. Lithium hosted in spodumene provides producers with greater flexibility as it can be processed into either lithium hydroxide (mainly used in high-density electric vehicle (EV) batteries) or lithium carbonate4. It also offers faster processing times and is higher quality than lithium extracted from brine as spodumene typically contains higher lithium content4. Spodumene-bearing pegmatites are often hosted in metavolcanic or metasedimentary rocks adjacent to granitic intrusions5. Many of the world's largest hard-rock lithium occurrences are found in Archean or Paleoproterozoic orogens - geological environments underlying approximately two-thirds of Ontario6.

目前,加拿大的鋰儲量在所有國家中排名第六,但2022年的總產量估計爲500噸,這一數字與智利和澳大利亞等全球鋰強國相形見絀3。加拿大的硬巖鋰礦牀位於偉晶岩中,其中含有一種被稱爲鋰輝石的含鋰礦物。鋰輝石中的鋰爲生產商提供了更大的靈活性,因爲它可以加工成氫氧化鋰(主要用於高密度電動汽車(EV)電池)或碳酸鋰4。與從鹽水中提取的鋰相比,它還提供更快的處理時間和更高的質量,因爲鋰輝石通常含有更高的鋰含量4。含鋰輝石的偉晶岩通常位於花崗岩侵入體附近的變火山岩或變沉積岩中5。世界上許多最大的硬巖鋰礦點都存在於太古代或古元古代造山體中,這些地質環境位於安大略省約三分之二的地質環境中6

One of the most advanced and high-grade lithium projects in Ontario is Frontier Lithium's ("Frontier") PAK and Spark deposits on which a positive pre-feasibility study was recently announced7. PAK contains one of North America's highest-grade lithium resources and is one of the largest known deposits of its subtype in North America8. Further, Frontier has recently received a grant from the Ontario government to advance its understanding of the processing of lithium into battery metal products. Electric Royalties' OLP acquisition includes two large unexplored, optioned claim groupings located less than 10 kilometres from the Frontier projects and adjacent to terrane hosting geologically favourable two-mica granitic rocks (see Figure 2).

安大略省最先進、最高品位的鋰項目之一是Frontier Lithium(“Frontier”)的PAK和Spark礦牀,最近宣佈了一項積極的預可行性研究7。PAK 包含北美最高品位的鋰資源之一,也是北美其亞類型中最大的已知礦牀之一8。此外,Frontier最近獲得了安大略省政府的撥款,以增進其對將鋰加工成電池金屬產品的理解。Electric Royalties的OLP收購包括兩個大型未開發的可選索賠群,它們位於距離邊境項目不到10公里的地方,毗鄰地質條件有利的雙雲母花崗岩的地形(見圖2)。

Figure 2: Map showing claim groups comprising the OLP, and Frontier Lithium's Spark and PAK deposits

圖 2:該地圖顯示了包括 OLP 和 Frontier Lithium 的 Spark 和 PAK 礦牀在內的索賠群體

One of the most exciting new lithium exploration stories in Ontario is the emerging Root Bay project being advanced by Green Technology Metals. Drilling programs completed in the last year and a half resulted in the announcement of a 9.4 million-tonne (Mt) indicated resource grading 1.3% lithium oxide (Li2O) for Root Bay and a 4.5 Mt inferred resource grading 1.01% Li2O for the associated McCombe deposit, at a 0.2% Li2O cut-off, reported under the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (or "the JORC Code")9. The OLP includes numerous claims in this area, staked prior to the Root Bay discovery. Many of these claims are on or near to the subprovince terrane boundary, host numerous tourmaline occurrences and are on or near the Root Bay pluton10 - all of which are key exploration indicators of lithium-bearing pegmatites. One such claim in the OLP, the McCombe North Property, was optioned to Bastion Minerals and is located less than 2 kilometres from the Root Bay deposit11. Another claim group in the OLP, the Harrison Road Property located a few kilometres to the south of Root Bay, was sampled by the Ontario Geological Survey (OGS)12, and returned anomalous lithium values in lake sediments; hence, it is considered to be prospective (see Figure 3).

安大略省最激動人心的新鋰勘探故事之一是綠色科技金屬公司正在推進的新興Root Bay項目。去年半完成的鑽探計劃導致宣佈了940萬噸(Mt)標示資源等級爲1.3%的氧化鋰(Li)2O) 用於 Root Bay 和 450 萬噸的推斷資源等級 1.01% Li2O 用於相關的麥康姆存款,利率爲 0.2%2O 截止值,根據《澳大利亞勘探結果、礦產資源和礦石儲量報告守則》(或 “JORC 守則”)報告9。OLP 包括在發現魯特灣之前對該地區提出的多項索賠。這些主張中有許多位於次省級地形邊界上或附近,有許多碧璽礦點,位於魯特灣巖體上或附近10 -所有這些都是含鋰偉晶岩的關鍵勘探指標。OLP中的一項索賠,即McCombe North地產,被Bastion Minerals選擇了該地產,該地產距離魯特灣礦牀不到2公里11安大略省地質調查局(OGS)對OLP中的另一個索賠組——位於魯特灣以南幾公里處的哈里森路地產進行了抽樣12,並在湖泊沉積物中返回了異常的鋰值;因此,它被認爲是前景的(見圖 3)。

Figure 3: Map showing OLP claim extents in the Root Bay area

圖 3:顯示根灣地區的 OLP 索賠範圍的地圖

Rock Tech Lithium's Georgia Lake Project is also one of the more advanced integrated lithium development projects in Ontario. Rock Tech Lithium is, reportedly, pursuing a vertically integrated strategy which not only includes development of the Georgia Lake deposit, but also the construction of a lithium processing plant. The plan is to build a facility that is capable of processing material from various sources and is adaptable to the region's growing lithium industry13. There is tremendous exploration potential in the Georgia Lake area as it has been described as the largest concentration of rare-element mineralization in the Superior Province of Ontario14. Other companies have reported interesting results from work in the Georgia Lake district. Tearlach Resources recently announced the results of channel sampling which ranged from 1.56% Li2O over 3 meters to 4.04% Li2O over 0.7 meters in channel samples on their property15.

Rock Tech Lithium的喬治亞湖項目也是安大略省更先進的綜合鋰開發項目之一。據報道,Rock Tech Lithium正在推行垂直整合戰略,其中不僅包括開發喬治亞湖礦牀,還包括建設鋰加工廠。該計劃將建造一座能夠處理各種來源的材料且能夠適應該地區不斷增長的鋰產業的設施13。喬治亞湖地區有巨大的勘探潛力,因爲該地區被描述爲安大略省蘇必利爾省稀有元素礦化最集中的地區14。其他公司也報告了喬治亞湖地區的工作取得的有趣成果。Tearlach Resources最近公佈了頻道抽樣結果,其Li介於1.56%之間2O 超過 3 米到 4.04% Li2O 其屬性的通道樣本超過 0.7 米15

The OLP includes the largest land position in the Georgia Lake lithium district (see Figure 4). One of the properties, the Arrel Lithium Property, is 20 kilometres east of the Rock Tech pegmatites, and not only is underlain by a muscovite-bearing peraluminous granite but is also in contact with metasediments which make excellent hosts for pegmatites.

OLP 包括喬治亞湖鋰區最大的土地位置(參見圖 4)。其中一個特性是Arrel Lithium Property,位於Rock Tech偉晶岩以東20公里處,其下層不僅是含莫斯科的過鋁花崗岩,而且還與作爲偉晶岩絕佳宿主的變沉積物接觸。

Figure 4: Map showing claim groups comprising the OLP in the vicinity of the Georgia Lake projects

圖 4:顯示喬治亞湖項目附近構成 OLP 的索賠群體的地圖

Lithium Development in Ontario

安大略省的鋰開發

Ontario is a province with a deep-rooted mining tradition, abundant clean hydroelectric and nuclear power, and a skilled mining workforce. The permitting environment in Ontario is rigorous, fair, and process-based, and both the federal and provincial governments are supportive of battery metal projects as shown in their recent investments and initiatives16,17.

安大略省擁有根深蒂固的採礦傳統、豐富的清潔水力發電和核電以及熟練的採礦勞動力。安大略省的許可環境嚴格、公平且以流程爲基礎,聯邦和省政府都支持電池金屬項目,如其最近的投資和舉措所示16,17

Access to sustainable power, abundant water, and skilled personnel makes mine development and permitting easier, and it is one of the compelling reasons for Electric Royalties' interest in the OLP acquisition. The properties cover a collective area of over 1 million acres and are adjacent to some of the most prominent lithium exploration and development plays in North America.

獲得可持續的電力、充足的水資源和熟練的人員使礦山開發和許可變得更加容易,這也是Electric Royalties對收購OLP感興趣的令人信服的原因之一。這些物業總面積超過100萬英畝,毗鄰北美一些最著名的鋰勘探和開發區。

Lithium Outlook

鋰展望

The shift to clean energy systems is forecast to drive a significant increase in the demand for battery metals, and this is particularly true in the case of lithium. Lithium is a key component in current and anticipated battery chemistries. According to the International Energy Agency (IEA)'s Sustainable Development Scenario (SDS), clean energy technologies will ultimately account for 90% of the demand for lithium, which could result in a 40-fold increase in demand by 204018.

預計向清潔能源系統的轉變將推動電池金屬需求的大幅增長,鋰尤其如此。鋰是當前和預期電池化學中的關鍵成分。根據國際能源署(IEA)的可持續發展情景(SDS),清潔能源技術最終將佔鋰需求的90%,到2040年,這可能導致需求增長40倍18

New sources of lithium will need to be developed and, equally important, new processing facilities will need to be built to meet long-term demand. Finding new lithium deposits in proximity to where the metal is processed into products suitable for battery production is imperative to secure supply chains. Complex supply chains and foreign sources of supply increase the risk of exposure to physical disruption and trade restrictions, while increasing the carbon footprint of the process.

需要開發新的鋰來源,同樣重要的是,需要建造新的加工設施以滿足長期需求。在金屬加工成適合電池生產的產品的地方附近尋找新的鋰礦牀對於保護供應鏈至關重要。複雜的供應鏈和國外供應來源增加了遭受物理干擾和貿易限制的風險,同時增加了該過程的碳足跡。

Completion of Drawdown under Convertible Credit Facility

完成可轉換信貸額度的提款

Further to the Company's news release on April 9, 2024, it has completed the C$2,500,000 drawdown (the "Drawdown") under its C$10,000,000 amended and restated convertible credit facility with Gleason & Sons LLC (the "Lender") dated February 16, 2024 (the "Credit Facility") for working capital and to fund the cash payment of the Transaction and associated Transaction costs.

繼公司於2024年4月9日發佈新聞稿之後,該公司已完成2024年2月16日向格里森父子有限責任公司(“貸款人”)提供的經修訂和重述的1,000萬加元可轉換信貸額度(“信貸額度”)下的250萬加元提款(“提款”),用於營運資金和爲交易的現金支付及相關交易費用提供資金。

Loans drawn under the Credit Facility bear interest ("Interest") at a floating rate (United States Secured Overnight Financing Rate as published by the New York Federal Reserve ("SOFR") + 7%), with a maximum interest rate of 12.5%, with Interest payments capitalized into the principal amount and due at the maturity date (the "Maturity Date") of January 12, 2028. Prior to the Maturity Date, on at least 10 days' prior written notice to the Company and subject to all required TSX Venture Exchange approvals having been obtained, the Lender has the right to convert all or any portion of the outstanding principal amount of the Credit Facility and accrued and unpaid interest into the Company's common shares. Any outstanding principal amount with respect to a drawdown under the Credit Facility will be converted at a conversion price equal to the greater of: (i) C$0.50; (ii) a 100% premium above the 30-day volume weighted average trading price of the common shares of the Company on the TSX Venture Exchange at the time of such drawdown; and (iii) the minimum price acceptable to the TSX Venture Exchange, per common share of the Company, subject to adjustment as provided in the convertible note evidencing such drawdown. Any accrued and unpaid interest may be converted at conversion price equal to the Market Price (as defined under the TSX Venture Exchange's Policy 1.1) at the time of settlement.

根據信貸額度提取的貸款按浮動利率(“利息”)計息(紐約聯邦儲備委員會(“SOFR”)公佈的美國擔保隔夜融資利率+ 7%),最高利率爲12.5%,利息支付資本化爲本金,並在2028年1月12日的到期日(“到期日”)到期。在到期日之前,貸款人有權將信貸額度未償本金的全部或任何部分以及應計和未付利息轉換爲公司的普通股,但須至少提前10天向公司發出書面通知,並獲得多倫多證券交易所風險交易所的所有必要批准。與信貸額度下提款相關的任何未償本金將按轉換價格進行轉換,其中較高者爲:(i) 0.50加元;(ii) 高於公司在多倫多證券交易所風險投資交易所30天成交量加權平均交易價格的100%溢價;以及 (iii) 多倫多證券交易所風險交易所可接受的公司每股普通股的最低價格,但須進行調整正如證明這種提款的可轉換票據中所規定的.任何應計和未付利息均可按等於結算時的市場價格(定義見多倫多證券交易所風險交易所政策1.1)的轉換價格進行轉換。

The Conversion Price for the Drawdown is C$0.50, and as a result a total 5,000,000 common shares of the Company are issuable on conversion thereof. The Drawdown is subject to final TSX Venture Exchange approval.

本次提款的轉換價格爲0.50加元,因此,公司共有5,000,000股普通股可在轉換後發行。提款尚待多倫多證券交易所風險交易所的最終批准。

The Credit Facility is a "related party transaction" within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Credit Facility is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company's common shares are not listed on a specified market. The Company received disinterested shareholder approval of the Credit Facility at the Company's special meeting of shareholders held on March 19, 2024 in accordance with MI 61-101.

信貸額度是61-101號多邊文書《在特別交易中保護少數股權持有人》(“MI 61-101”)所指的 “關聯方交易”。由於該公司的普通股未在特定市場上市,因此信貸額度不受密歇根州61-101的估值要求的約束,因爲該公司的普通股未在特定市場上市。根據MI 61-101,公司在2024年3月19日舉行的公司特別股東大會上獲得了無私股東對信貸額度的批准。

David Gaunt, P.Geo., a qualified person who is not independent of Electric Royalties, has reviewed and approved the technical information in this release.

P.Geo. 的大衛·岡特是一位不獨立於電氣特許權使用費的合格人士,他已審查並批准了本新聞稿中的技術信息。

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2 Green Technology Metals news release dated October 9, 2023

2 2023 年 10 月 9 日的綠色科技金屬新聞稿

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5 USGS Mineral-Deposit Model for Lithium-Cesium- Tantalum Pegmatites; Scientific Investigations Report 2010-5070-O; By Dwight C. Bradley, Andrew D. McCauley, and Lisa M. Stillings

5 美國地質調查局鋰銫鉭偉晶岩礦牀模型;2010-5070-O 科學調查報告;作者:德懷特·布拉德利、安德魯·麥考利和麗莎·斯蒂林斯

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7 NI 43-101 Technical Report Pre-Feasibility Study for the PAK Project, effective date May 31, 2023, filed under Frontier Lithium's profile at sedarplus.ca

7 NI 43-101 PAK 項目預可行性研究技術報告,生效日期 2023 年 5 月 31 日,在 Frontier Lithium 的簡介下提交至 sedarplus.ca

8 Frontier Lithium news release dated September 25, 2023

8 Frontier Lithium 於 2023 年 9 月 25

9 Green Technology Metals Limited news release titled "SIGNIFICANT RESOURCE AND CONFIDENCE LEVEL INCREASE AT ROOT, GLOBAL RESOURCE INVENTORY NOW AT 24.5MT" dated October 17, 2023, Appendix A: JORC Code 2012, Table 1. The Mineral Resources are reported using open-pit mining constraints. The open-pit Mineral Resource is only the portion of the resource that is constrained within a US$4,000/t SC6 optimised shell and above a 0.2% Li2O cut-off grade. The optimised open pit shell was generated using: $4/t mining cost, $15.19/t processing costs, mining loss of 5% with no mining dilution, 55 degree pit slope angles, 75% product recovery. The September 2023 Mineral Resource Estimate is reported above 0.2% Li2O cut-off. The cut-off is based on lowest potential grade at which a saleable product might be extracted using a conventional DMS and / or flotation plant and employing a TOMRA Xray sorter (or equivalent) on the plant feed. A number of pegmatites outcrop at surface thus the mineral resource is likely to be extracted using a conventional drill and blast, haul and dump mining fleet.

9 綠色科技金屬有限公司於2023年10月17日發佈的題爲 “根本資源和信心水平顯著提高,全球資源庫存目前爲2450萬噸” 的新聞稿,附錄A:《2012年JORC守則》,表1。礦產資源是使用露天採礦限制條件報告的。露天礦產資源只是資源中受限於每噸4,000美元SC6優化殼體內且Li2O臨界品位高於 0.2% 的部分。經過優化的露天礦殼是通過以下因素生成的:4美元/噸的開採成本,15.19美元/噸的加工成本,在不進行採礦稀釋的情況下,採礦損失爲5%,礦坑斜度爲55度,產品回收率爲75%。據報道,2023年9月的礦產資源估算值高於0.2%的鋰氧化物臨界值。臨界值基於使用傳統的 DMS 和/或浮選設備並在植物飼料上使用 TOMRA X 射線分揀機(或同等設備)提取可銷售產品的最低潛在等級。許多偉晶岩在地表露出,因此礦產資源很可能會使用傳統的鑽探、爆炸、運輸和傾倒採礦船隊來開採。

10 OGS Open File Report 6099; F.W. Breaks, J.B. Selway and A.G. Tindle; 2003

10 OGS 打開文件報告 6099;F.W. Breaks,J.B. Selway 和 A.G. Tindle;2003

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14 Breaks, F.W., Selway, J.B. and Tindle, A.G. 2008. The Georgia Lake rare-element pegmatite field and related S-type, peraluminous granites, Quetico Subprovince, north-central Ontario; Ontario Geological Survey, Open File Report 6199, 176p

14 Breaks,F.W.,Selway,J.B. 和 Tindle,A.G. 2008。喬治亞湖稀有元素偉晶岩場和相關的 S 型過鋁花崗岩,安大略省中北部奎蒂科分省;安大略省地質調查局,公開文件報告 6199,176p

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About Electric Royalties Ltd.

關於特許權使用費有限公司

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, zinc and 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 Royalties是一家特許權使用費公司,旨在利用對各種商品(鋰、釩、錳、錫、石墨、鈷、鎳、鋅和銅)的需求,這些商品將受益於汽車、可充電電池、大規模儲能、可再生能源發電和其他應用等各種消費品的電氣化。

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 fuel the electric revolution.

電動汽車的銷售、電池產能和可再生能源發電量預計將在未來幾年內大幅增長,隨之而來的是對這些目標商品的需求。這爲投資和收購礦山和項目的特許權使用費創造了難得的機會,這些礦山和項目將提供推動電力革命所需的材料。

Electric Royalties has a growing portfolio of 40 royalties across the world and 32 lithium properties in Ontario, Canada. The Company is focused predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure over the next several decades toward a decarbonized global economy.

Electric Royalties在全球擁有40項特許權使用費的投資組合,在加拿大安大略省擁有32處鋰電地產。該公司主要專注於收購後期特許權使用費和運營項目,以建立位於地緣政治風險較低的司法管轄區的多元化投資組合,通過在未來幾十年重建全球基礎設施以實現全球脫碳經濟所需的基礎商品,爲投資者提供清潔能源轉型的機會。

For further information, please contact:
Brendan Yurik
CEO, Electric Royalties Ltd.
Phone: (604) 364‐3540
Email: Brendan.yurik@electricroyalties.com

欲了解更多信息,請聯繫:
布倫丹·尤里克
特許權使用費有限公司首席執行官
電話:(604) 364−3540
電子郵件:Brendan.yurik@electricroyalties.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), nor any other regulatory body or securities exchange platform, accepts responsibility for the adequacy or accuracy of this release.

多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所風險交易所的政策中定義),或任何其他監管機構或證券交易平台,均不對本新聞稿的充分性或準確性承擔責任。

Cautionary Statements Regarding Forward-Looking Information and Other Company Information

關於前瞻性信息和其他公司信息的警示性聲明

This news release includes forward-looking information and forward-looking statements (collectively, "forward-looking information") with respect to the Company within the meaning of Canadian securities laws. This news release includes information regarding other companies and projects owned by such other companies, based on previously disclosed public information disclosed by those companies and the Company is not responsible for the accuracy of that information, and that all information provided herein is subject to this Cautionary Statement Regarding Forward-Looking Information and Other Company Information. 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 and may include statements regarding the 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 of the Company and the properties in which it holds interests.

本新聞稿包括加拿大證券法所指與公司有關的前瞻性信息和前瞻性陳述(統稱爲 “前瞻性信息”)。本新聞稿包括有關此類其他公司擁有的其他公司和項目的信息,基於這些公司先前披露的公開信息,公司對該信息的準確性不承擔任何責任,並且此處提供的所有信息均受本關於前瞻性信息和其他公司信息的警告聲明的約束。 前瞻性信息通常由以下詞語來識別:相信、期望、預測、打算、估計、假設和類似的表達,或者是那些本質上指未來事件的詞語。這些信息代表預測,實際事件或結果可能存在重大差異。前瞻性信息可能與公司的未來前景和預期事件有關,可能包括有關公司及其持股物業的財務業績、未來財務狀況、現金流預期增長、業務戰略、預算、預計成本、預計資本支出、稅收、計劃、目標、行業趨勢和增長機會的陳述。

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 properties 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, recent market volatility, income tax and regulatory matters; the ability of the Company or the owners of these properties to implement their business strategies including expansion plans; the optioned properties remaining under option; the optionees making option payments as and when due under the relevant option agreements; the lithium properties not being successfully explored and developed; competition; currency and interest rate fluctuations, and the other risks.

儘管管理層認爲這些假設是合理的,但根據現有信息,它們可能會被證明是不正確的。前瞻性陳述涉及已知和未知的風險、不確定性和其他因素,這些因素可能導致公司或這些財產的實際業績、業績或成就與前瞻性陳述所表達或暗示的任何未來業績、業績或成就存在重大差異。這些風險、不確定性和其他因素包括但不限於與總體經濟狀況相關的風險;不利的行業事件;營銷成本;市場損失;涉及可再生能源行業的未來立法和監管發展;無法從內部和外部來源獲得足夠的資本,和/或無法以優惠條件獲得足夠的資本;採礦業、近期市場波動、所得稅和監管事項;公司或這些財產所有者的能力實施其業務戰略,包括擴張計劃;仍處於期權之下的期權房產;根據相關期權協議到期時支付期權的期權持有人;未成功勘探和開發鋰資產;競爭;貨幣和利率波動以及其他風險。

The reader is referred to the Company's most recent filings on SEDAR+ as well as other information filed with the OTC Markets 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 sedarplus.ca and at otcmarkets.com.

請讀者參閱公司最近在SEDAR+上提交的文件以及向場外交易市場提交的其他信息,以便更全面地討論所有適用的風險因素及其潛在影響,其副本可通過公司的簡介頁面訪問 sedarplus.ca 還有在 otcmarkets.com 上。

SOURCE: Electric Royalties Ltd.

來源:特許權使用費有限公司


声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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