Electric Royalties Ltd. announced that the company has entered into a Letter of Intent with Perry English, Michael Kilbourne, 1544230 Ontario Inc. and Gravel Ridge Resources Ltd. (together, the Vendors), dated November 3, 2023, to acquire a portfolio of 126 lithium properties in Eastern Canada (the Transaction). This proposed acquisition comprises a land package of 126 properties totaling over 1,000,000 acres of highly-pro prospective lithium prospects in Eastern Canada - a region that could be the center of clean energy metals production for decades to come. This generates near-term cash flow while maintaining long-term upside via royalties on those assets.
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- Electric Royalties Ltd. Signs Letter of Intent to Acquire Portfolio of 126 Lithium Properties in Eastern Canada