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Electric Royalties buys a copper mine royalty in Chile for C$3.5M, banking on rising copper demand.
Electric Royalties Ltd. has agreed to pay C$3.5 million for a 0.75% gross revenue royalty on the Punitaqui copper mine in Chile.
The mine, operational since 2010, is well-equipped with nearby resources, infrastructure, and permits.
Electric Royalties views the acquisition as a strategic move benefiting from the rising global demand for copper, driven by clean energy and AI data center expansions.
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Realezas Eléctricas compra una regalía minera de cobre en Chile por C$3.5M, apostando por el aumento de la demanda de cobre.