ELECTRIC ROYALTIES FILES TECHNICAL REPORT
Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) announces that today it will file the report entitled “NI 43-101 Technical Report, Middle Tennessee Mines, Tennessee, USA” by Martin Raffield, Ph.D., P.Eng., effective date December 31, 2021 (the “Technical Report”) under its profile on www.sedar.com.
Electric Royalties acquired a royalty interest on zinc production at the Middle Tennessee Mines (“the MTM Royalty”), located in Smith County, Tennessee, United States, in 2021. The MTM royalty is a sliding scale gross metals royalty, with no royalty payable if the zinc price is below US$0.90 per pound, a 1.0% royalty payable at zinc prices between US$0.90 and US$1.10 per pound, and a 1.4% at royalty payable at zinc prices above US$1.10 per pound. Electric holds a 25% interest in the MTM Royalty with the remaining 75% interest held by Sprott Streaming and Royalties Corp. (see Electric Royalties news release dated August 11, 2021).