ROYALTY PORTFOLIO
Building a Portfolio of Royalties on Metals that will
Benefit from the Drive to Electrification
PRODUCING ROYALTIES
0.75% GRR
Punitaqui Mine
Battery Mineral Resources Corp
Copper
Chile
1.5% GRR
Penouta Mine
Strategic Minerals Europe Corp
Tin-Tantalum
Spain
Sliding Scale Gross Mining Royalty above US$0.90/lb Zn
Middle Tennessee Zinc Mine
Nyrstar / Trafigura
Zinc
United States
ROYALTY SPOTLIGHT
Punitaqui Mine
The Punitaqui Project is located 120 kilometers south of La Serena city and the port of Coquimbo, Chile. Punitaqui has four satellite copper resources, excellent road access and ready availability of water and power. It also possesses crucially important fixed assets, infrastructure and key permits. Electric Royalties has a 0.75% gross revenue royalty on the mining claims, mining leases and mineral tenures comprising the Punitaqui copper mine, as well as third-party materials processed through the Punitaqui mining complex. The presence of regional targets suggest near-term local exploration potential.
The Punitaqui Mining Complex, which includes the copper processing plant that is currently permitted for 100,000 tonnes per month.
Source: Battery Mineral Resources Corp.
ROYALTY SPOTLIGHT
Middle Tennessee Zinc Mine (Production Paused)
The Middle Tennessee Zinc Mine first went into production 45 years ago, but still offers additional exploration potential. It is located in Smith County, Tennessee, United States, and is operated by Nyrstar, a subsidiary of Trafigura Group. Middle Tennessee is comprised of two underground zinc mines, Gordonsville and Cumberland. The processing plant at Gordonsville mine plus nearby Clarksville smelter create an integrated mining complex.
Electric Royalties acquired this producing asset on March 10, 2021. Production paused in November 2023 due to market conditions and inflationary impacts on input costs and operating margins.
ROYALTY SPOTLIGHT
Penouta Mine (Production Paused)
The Penouta Mine is located in the north-western Spanish province of Ourense. It is currently the largest tin and tantalum producer in all of Europe. Penouta has been steadily increasing production since the start of 2022 until it was paused in October 2023. There is an additional potential opportunity to add new revenue stream from high-grade feldspar from historical tailings.
Penouta Mine. Source: Strategic Minerals Europe Corp
ADVANCED-STAGE ROYALTIES
Graphmada
2.5% NSR
Graphite
Madagascar
Greenwing Resources
Mont Sorcier
1% GMR
Vanadium
Canada
Cerrado Gold
Seymour Lake
1.5% NSR
Lithium
Canada
Green Technology Metals
Kenbridge
0.5% GRR & option to add 1% GRR on Kenbridge North
Nickel
Canada
Tartisan Nickel Corp
Authier
0.5% GMR on part of Authier
Lithium
Canada
Sayona Mining
Zonia
0.5% GRR & option to add 1% GRR on Zonia North
Copper
United States
World Copper
Battery Hill
2% GMR
Manganese
Canada
Manganese X Energy Corp
Bissett Creek
1.5% GRR
Graphite
Canada
Northern Graphite
ROYALTY SPOTLIGHT
Authier Lithium Project
Sayona Mining’s Authier Lithium Project in Québec, Canada is a hard rock spodumene lithium deposit set to play a key role in its planned multi-project Abitibi lithium hub, as a source of supplementary ore for processing at its North American Lithium (NAL) operation. Production of saleable spodumene (lithium) concentrate commenced at NAL in March 2023. In April 2023, Sayona published a feasibility study on the combined NAL and Authier operation.
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Electric Royalties is relying on the information provided by Sayona and is unable to verify the feasibility results.
Seymour Lake Lithium Project
The Seymour Project is located near the township of Armstrong and approximately 250km north of the city and port of Thunder Bay which has a long mining history and a base for geological and mining contractors.
Project operator Green Technology Metals has raised C$70 million in 2021 and 2022, primarily to fast-track Seymour Lake into production.
Exploration will continue to develop the mineral resources that will feed a centralized processing hub at Seymour Lake, as well as ongoing environmental studies, and permitting and development discussions with the project’s Indigenous community partners.
Proposed lithium conversion facility in Thunder Bay, Ontario. Source: Green Technology Metals
Graphmada Graphite Project
Graphmada is a past producing mine that operated continuously for over 20 months and had all of its product qualified by offtakers prior to being put on care and maintenance due to Covid restrictions in-country. Premium-quality graphite deposits in soft, easily mineable, saprolitic ore like Graphmada have low operating costs and low capital costs when compared with other deposits in Africa and around the world.
Greenwing Resources has been focused on seeking strategic investment to restart the mine with higher production volumes.
Graphmada Mining Complex. Source: Greenwing Resources
Bissett Creek Graphite Project
Bissett Creek is located 17km from the Trans Canada Highway between the cities of Ottawa and North Bay, Ontario, Canada. The site can be accessed by a good quality all weather road and labor, natural gas, equipment and supplies, rail lines and water are all readily available. The project is five hours from the port of Montreal and one days’ transport to major markets in northern United States.
Bissett Creek is operated by Northern Graphite, projected to be the third largest graphite producer outside of China when its Namibian operations come back online in 2024. An independent study by Benchmark Mineral Intelligence said "Bissett Creek will have the highest margin of any existing or proposed graphite deposit. That is largely due to the simple metallurgy and the high-quality, large flake nature of its concentrates."
EXPLORATION ROYALTIES
Rana
1% NSR
Nickel
Norway
Metals One Plc / Global Energy Metals / Kingsrose Mining
Millennium
0.5% GRR
Copper
Australia
Metal Bank Limited
Allison Lake North & South
1.5% NSR
Lithium
Canada
Green Technology Metals
Margot Lithium
1.5% NSR
Lithium
Canada
Private BC Company
Allison Lake / Ruddy
1.5% NSR
Lithium
Canada
Sultan Resources
Lauri
1.5% NSR
Lithium
Canada
Fifty St. George
Arrel
1.5% NSR
Lithium
Canada
Private BC Company
Birkett
1.5% NSR
Lithium
Canada
Portofino Resources
Jubilee, Campus Creek, Crescent
1.5% NSR
Lithium
Canada
Electrification and Decarbonization AIE LP
Cosgrave
1.5% NSR
Lithium
Canada
Linear Minerals
Ottertail / Ottertail Review NE / Mahamo
1.5% NSR
Lithium
Canada
Maple Minerals (acquired by Cohiba Minerals)
Rogers Creek / McClusky
1.5% NSR
Lithium
Canada
Maple Minerals (acquired by Cohiba Minerals)
Cobalt Ridge
0.5% GRR
Cobalt
Australia
Hammer Metals
Graphite Bull
0.75% GRR
Graphite
Australia
Buxton Resources
Glassville
1% GRR
Manganese
Canada
Globex Mining
Bouvier
2% GMR
Lithium
Canada
Mining Equities Pty Ltd
Cancet
1% NSR
Lithium
Canada
Winsome Resources
Root Bay / Root Lake
1.5% NSR
Lithium
Canada
Xplore Resources Corp.
Barbara Lake
1.5% NSR
Lithium
Canada
Private BC Company
Peggy Lithium
1.5% NSR
Lithium
Canada
Lithos Minerals
Kember / Pakeageama
1.5% NSR
Lithium
Canada
Sultan Resources
Otatakan Township (50% Ownership)
3.0% NSR
Lithium
Canada
Lithium One Metals
Separation Rapids Lithium
1.0% NSR
Lithium
Canada
Double O Seven Mining
Root Bay
1.5% NSR
Lithium
Canada
Lithium Triangle Resources
Allison Lake
1.5% NSR
Lithium
Canada
Musk Metals
Gathering Lake
1.5% NSR
Lithium
Canada
Maple Minerals (acquired by Cohiba Minerals)
Big Rock / Ottertail Review SW
1.5% NSR
Lithium
Canada
Maple Minerals (acquired by Cohiba Minerals)
Sayona West
0.5% GMR
Lithium
Canada
Sayona Mining
Mt. Dorothy
0.5% GRR
Cobalt
Australia
Hammer Metals
Sleitat
1% NSR
Tin-Silver
United States
Cornish Metals
Sayona East
2% GMR
Lithium
Canada
Sayona Mining
Chubb
2% GMR
Lithium
Canada
Burley Minerals Ltd.
ROYALTY SPOTLIGHT
Rana Nickel Project
The Rana Nickel Project is located on the south shore of Ofotfjord, Norway, which is ice-free year-round, 2km away from a shipping dock, with work force and infrastructure in place and in close proximity to a growing end-user market including FREYR AS, a Norwegian incorporated company that is developing environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway.
The project portfolio includes three exploration licences including the past-producing Bruvann Nickel Mine in the Rana mafic-ultramafic intrusion (Arnes, Bruavatnet and Rånbogen) and a fourth exploration licence (Krokelva), that lies outside the intrusion, west of the Bruvann Nickel Mine. The Bruvann Mine has a historical estimate of remaining resources in the underground mine, and is open-ended in three directions that have been underexplored.
A strategic partnership between Global Energy Metals and Kingsrose Mining is targeting the discovery of high-grade nickel-copper-cobalt mineralization at Rana.
View over the open pit part of the Bruvann Nickel Mine, looking north-east, with the shipping quay in the background.
Source: Global Energy Metals