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ELEC CLOSES CASH FLOWING ROYALTY ACQUISITION

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce that it has closed the previously announced acquisition of the Globex portfolio of royalties (“Globex Portfolio”). The Company acquired 25% of the Middle Tennessee Mine Royalty (“MTM Royalty”) and 100% of the Glassville Manganese Royalty (the “Glassville Royalty”) for C$250,000 and 9,000,000 common shares and 5,500,000 common share purchase warrants of the Company (see Company news release dated May 26, 2021) in the transaction. Funds controlled by Sprott Resource Streaming and Royalty Corp. (“Sprott Streaming”) co-invested and acquired 75% of the MTM Royalty for C$13.5 million with Electric Royalties retaining an option to acquire an additional 25% royalty interest from Sprott Streaming (see Company news release dated May 26, 2021).

PDF of full Press Release.

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