Electric Royalties Ltd. amends LOI for $1.975M lithium royalty portfolio acquisition in Ontario, Canada.
Electric Royalties Ltd. announces an amended letter of intent with vendors to acquire a lithium royalty portfolio in Ontario, Canada. The new terms result in a $2.5M cash reduction to $1.975M for 22 existing royalties and 36 optioned lithium properties. The company expects future option payments to generate revenues until projects convert to new royalties in their portfolio.
March 06, 2024
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