Electric Royalties Provides Six Updates on Its Nickel, Graphite, Lithium, and Manganese Royalties

VANCOUVER, BC / ACCESSWIRE / February 29, 2024 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") is pleased to provide the following update on its royalty portfolio.

Brendan Yurik, CEO of Electric Royalties, commented: "Despite softer commodity markets, we're still bullish on clean energy metal demand fundamentals and believe that governments will increasingly prioritize domestic sources of these critical metals. This is particularly true for North America, Europe, and Australia, where the vast majority of our royalty interests lie and where continued progress continues to be made across the portfolio.

"Seymour Lake has the potential to be the first lithium producer in Ontario, with a feasibility study slated for completion later this year and potential commencement of production in two years. It is the most advanced lithium project in Ontario, with an offtake agreement with South Korean battery maker LG Energy Solution to acquire 25% of the concentrate produced from Seymour Lake's first five years of production.

"The potential addition of manganese to Canada's list of prioritized critical minerals for federal support is overdue and could be a boon for the Battery Hill project - one of the very few manganese projects in North America suitable for battery production and the most advanced from a metallurgical standpoint.

"Råna's regional exploration is advancing steadily, with Kingrose Mining's support to carry on exploring the project. All of these positive developments and more below, as always, come at no cost to Electric Royalties. We are pleased to see our portfolio of 22 royalties increasingly weighted towards advanced development and production."

Highlights since the Company's previous update on January 24, 2024:

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Råna Nickel-Copper-Cobalt Project (1.0% Net Smelter Royalty) - On February 5, 2024, Global Energy Metals Corporation (TSXV: GEMC) ("Global Energy Metals") and its strategic partner, Kingsrose Mining Limited (ASX: KRM) ("Kingsrose"), announced analytical results from drill holes at the Bruvann, Rånbogen, and Malmhaugen prospects at the Råna Project in Norway.