ROYALTY PORTFOLIO
Building a Portfolio of Royalties on Metals that will
Benefit from the Drive to Electrification
PRODUCING ROYALTIES
Sliding Scale Gross Mining Royalty above US$0.90/lb Zn
Middle Tennessee Zinc Mine
Nyrstar / Trafigura
Zinc
United States
1.5% GRR
Penouta Mine
Strategic Minerals Europe Corp
Tin-Tantalum
Spain
ROYALTY SPOTLIGHT
Middle Tennessee Zinc Mine
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. The gross revenue royalty has generated revenues of approximately CAD$750,000.
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Aggregate gross amount of royalty revenue since acquisition attributable to Electric Royalties from Acquisition Date to March 31, 2023. MTM LP is a limited partnership that holds the royalty interest in which Electric Royalties has a 25% share.
ROYALTY SPOTLIGHT
Penouta Mine
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. 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
Kenbridge
0.5% GRR & options to add 0.5% GRR on Kenbridge & 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
Mont Sorcier
1% GMR
Vanadium
Canada
Cerrado Gold
Graphmada
2.5% NSR
Graphite
Madagascar
Greenwing Resources
Bissett Creek
1.5% GRR
Graphite
Canada
Northern Graphite
Battery Hill
2% GMR
Manganese
Canada
Manganese X Energy Corp
Seymour Lake
1.5% NSR
Lithium
Canada
Green Technology Metals
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 increasing the resource in support of a planned restart at expanded production levels.
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
Millennium
0.5% GRR
Copper
Australia
Metal Bank Limited
Rana
1% NSR
Nickel
Norway
Metals One Plc / Global Energy Metals
Bouvier
2% GMR
Lithium
Canada
Mining Equities Pty Ltd
Glassville
1% GRR
Manganese
Canada
Globex Mining
Graphite Bull
0.75% GRR
Graphite
Australia
Buxton Resources
Cobalt Ridge
0.5% GRR
Cobalt
Australia
Hammer Metals
Cancet
1% NSR
Lithium
Canada
Winsome Resources
Chubb
2% GMR
Lithium
Canada
Burley Minerals Ltd.
Sayona East
2% GMR
Lithium
Canada
Sayona Mining
Sleitat
1% NSR
Tin-Silver
United States
Cornish Metals
Mt. Dorothy
0.5% GRR
Cobalt
Australia
Hammer Metals
Sayona West
0.5% GMR
Lithium
Canada
Sayona Mining
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$15 million has been committed for exploration expenditures in 2023 through a strategic partnership between Global Energy Metals and Kingsrose Mining, 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