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Electric Royalties ( (TSE:ELEC) ) just unveiled an announcement.
Electric Royalties Ltd. has successfully closed both a brokered and a non-brokered private placement, raising a total of C$2,504,682. These funds will be used to complete a payment for a royalty acquisition on the Punitaqui copper mine in Chile and for general corporate purposes. The strong participation from existing and new shareholders positions the company to further capitalize on strategic opportunities within its royalty portfolio, following recent positive developments in its flagship lithium and manganese royalties.
More about Electric Royalties
Electric Royalties Ltd. operates in the mining industry, focusing on acquiring and managing royalties related to a diverse portfolio of minerals, including lithium and manganese. The company is positioned to capitalize on strategic opportunities within the mining sector, leveraging its royalty portfolio to benefit from developments in key mineral markets.
YTD Price Performance: -6.67%
Average Trading Volume: 39,594
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.18M
For detailed information about ELEC stock, go to TipRanks’ Stock Analysis page.
