Electric Royalties (TSE:ELEC) has released an update.
Electric Royalties Ltd. has entered into an agreement to purchase a cash-flowing copper stream from Minera Cobre Verde in Chile, which will immediately grant them the right to acquire a fixed amount of copper monthly at a set price for four years. This strategic move is expected to significantly increase the company’s revenue and cash flow, while offering potential future benefits in production expansion partnerships.
For further insights into TSE:ELEC stock, check out TipRanks’ Stock Analysis page.
