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Electric Royalties to Buy 1% NSR on Rana Nickel Project in Norway; Up 6.3%

MT Newswires ·  {{timeTz}}

09:44 AM EDT, 10/19/2021 (MT Newswires) -- Electric Royalties Ltd. (ELEC.V) on Tuesday rose 6.3% on last look after reporting a letter of intent with Scandinavian Resource Holdings and Global Energy Metals Corp. (GEMC.V) to buy a 1% net smelter revenue royalty on four exploration licenses totaling 25 square kilometers in the Rana mafic-ultramafic intrusion in Northern Norway.

This includes the past-producing Bruvann Nickel mine.

Electric Royalties is buying the 1% NSR on the Rana Nickel Project for 2 million common shares of the company and $100,000 cash.

Price: 0.43, Change: +0.03, Percent Change: +6.25

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