Electric Royalties Ltd. (ELEC) Financings
TSXV: ELEC · Lithium, Vanadium, Manganese · Royalty/Streaming stage
- Market cap$14.4M
- Share price$0.110
- 52-week range$0.095 – $0.185
- Shares outstanding131,166,147
- ExchangeTSXV
- Websiteelectricroyalties.com
Electric Royalties was established to capitalize on the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that will benefit from the drive toward electrification of a variety of consumer products: artificial intelligence, cars, rechargeable batteries, large-scale energy storage, renewable energy generation and other applications. Artificial intelligence, electric vehicle sales, battery production capacity and renewable energy generation are expected to increase significantly over the next several years and, with them, demand for these targeted commodities. This creates an opportunity to invest in and acquire royalties over the mines and projects that may supply the materials needed for electrification and the energy transition. Electric Royalties has a diversified portfolio of 43 royalties in lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper. The Company is focused predominantly on acquiring royalties on advanced-stage and operating projects to build a diversified portfolio in jurisdictions with low geopolitical risk, offering investors exposure to the commodities required to rebuild global infrastructure toward a decarbonized economy.
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Electric Royalties Ltd. financial statements
Key figures read from 36 of 36 financial statement filings, Sep 15, 2017 to Aug 27, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$1,236,733 | C$2,101,875 | C$2,584,739 | C$141,559 | C$194,719 |
| Total current assets | C$1,302,870 | C$13,366,750 | C$2,498,810 | — | — |
| Total current liabilities | C$18,707 | C$25,499 | C$0 | — | — |
| Working capital | C$1,284,163 | C$13,341,251 | C$2,498,810 | — | — |
| Total assets | C$18,407,814 | C$15,537,225 | C$5,215,168 | C$141,559 | C$194,719 |
| Total liabilities | C$155,643 | C$367,729 | C$123,062 | — | — |
| Shareholders' equity | C$18,407,814 | C$15,537,225 | C$5,215,168 | C$116,731 | C$147,778 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | C$323,574 | C$31,137 | C$165,811 | — | — |
| Share-based compensation | C$414,597 | C$327,398 | C$0 | C$291,600 | C$500,000 |
| Impairments and write-downs | C$0 | (C$3,131,644) | (C$1,760,004) | — | — |
| Net income (loss) | (C$9,381,488) | (C$6,361,621) | (C$5,999,277) | (C$1,923,044) | (C$2,302,419) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$1,948,999) | (C$1,177,082) | (C$1,380,517) | (C$2,039,001) | (C$1,498,496) |
| Investing cash flow | (C$257,236) | (C$4,721,553) | (C$3,854,599) | (C$1,643,758) | (C$1,014,726) |
| Financing cash flow | C$3,017,687 | C$5,484,195 | C$4,440,905 | C$2,817,617 | C$2,030,358 |
| Proceeds from share issues | C$3,060,270 | — | — | C$0 | C$1,912,550 |
| Change in cash | C$811,452 | (C$414,440) | (C$794,211) | (C$865,142) | (C$482,864) |
Electric Royalties Ltd. financings
3 financings announced or closed by Electric Royalties Ltd., read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2024-12-24 | Electric Royalties Ltd. (ELEC) | Private placement | Announced | $100.0M | — | Canadian Government Provides C$100 Million Financing LOI to Green Technology Metals in Support of Electric Royalties' Flagship Lithium Royalty Asset in Ontario |
| 2024-12-09 | Electric Royalties Ltd. (ELEC) | LIFE offering, brokered | Announced | $2.5M | $0.180 | Electric Royalties Ltd. Announces Up to C$4 Million “Best Efforts” Private Placement |
| 2024-11-26 | Electric Royalties Ltd. (ELEC) | Debt | Announced | $3.0M | — | Electric Royalties Announces Drawdown Under Convertible Credit Facility |
Electric Royalties Ltd. debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Electric Royalties Ltd. has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2024-11-26 | Convertible note / loan, drawdown | Gleason & Sons LLC | C$3.05M | 15%, matures 2028-01-12 |