|Bid||0.2000 x N/A|
|Ask||0.2250 x N/A|
|Day's Range||0.2000 - 0.2050|
|52 Week Range||0.2000 - 0.4000|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.90|
VANCOUVER, BC, July 23, 2020 /CNW/ - Electric Royalties Ltd. (TSXV: ELEC) ("Electric Royalties" or the "Company") is pleased to announce the execution of the definitive acquisition agreements to acquire a portfolio of 3 royalties from Global Energy Metals Corp. (TSXV: GEMC) ("Global Energy"). The Millennium GMR Royalty is a 0.5% Gross Metal Royalty ("GMR") on the Millennium cobalt project (the "Millennium Cobalt Project").
The Bissett Creek Royalty is a 1% Gross Revenue Royalty ("GRR") over all revenues received or receivable by Northern Graphite in connection with graphite flotation concentrate produced from the Bissett Creek graphite project. The royalty will be based on pricing for 94% Cg concentrates and will not apply to the premiums received for higher purities or value-added products.
Said Globex Mining Enterprises has sold a number of non-core specialty mineral royalties to Electric ...