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.

November 22, 2024
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