VANCOUVER, BC, Dec. 8, 2021 /CNW/ - Electric Royalties Ltd. (TSXV: ELEC) (OTCQB: ELECF) ("Electric Royalties" or the "Company") is pleased to provide the following asset update on its rapidly developing royalty portfolio.
Brendan Yurik, CEO of Electric Royalties, states, "It's been an incredible period of growth since our last asset update in September and we've had several more developments across the assets comprising our battery metal royalty portfolio." Highlights include:
- Authier Lithium Royalty - Sayona Mining (ASX: SYA) is working on a scoping study to produce spodumene concentrate, stating that they are targeting a start in 2023 by refurbishing the North American Lithium ("NAL") mine and integrating it with the Authier project. Sayona recently completed a 25 hole, 3,908 meter drill program to expand resources at Authier. Promising results from this program include drill hole AL–21–14, located some 250 meters west of the Authier deposit and potential open pit, returned a spodumene intersection assaying 9 meters @ 1.46% Li2O.
- Graphmada Graphite Royalty – Greenwing Resources (ASX: GW1) is currently undertaking a 3,000 meter drill program to further increase the size of the Graphmada deposit and to progress studies aimed at restarting large scale mining and processing operations.
- Cancet Lithium Royalty – Winsome Resources (ASX: WR1) completed an IPO in November and completed an A$18 million financing to advance the Cancet lithium project in 2022.
- Seymour Lake...
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