Electric Royalties signs a Chilean copper stream acquisition deal with Minera Cobre Verde.
Electric Royalties has signed a binding agreement with Minera Cobre Verde in Chile to acquire a copper stream. The company will pay $2.1 million for the right to obtain 76,000 pounds of copper monthly at $2.75 per pound for four years. An additional payment of $2.1 million could double the monthly amount. This move is expected to enhance Electric Royalties' revenue and cash flow while opening future collaboration opportunities for production expansion.
September 18, 2024
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