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ELECTRIC ROYALTIES PROVIDES DEVELOPMENT UPDATE ON ROYALTY PORTFOLIO

Electric Royalties Ltd. (TSXV: ELEC) (“Electric Royalties” or the “Company”) is pleased to announce that Sayona Mining Limited (ASX: SYA) has completed a A$190 million institutional placement to fund the restart of spodumene concentrate production at Sayona’s North American Lithium (“NAL”) operation in Québec, Canada (Sayona 75%; Piedmont Lithium 25%) and broader development initiatives, including A$35 million earmarked for Authier development activities. For further details, see Sayona Mining’s press release on May 27, 2022.


PDF of full Press Release.

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