VANCOUVER, BC, Sept. 20, 2021 /CNW/ - Electric Royalties Ltd.
(TSXV: ELEC) (OTCQB: ELECF) ("Electric Royalties" or the "Company")
is pleased to announce that it has qualified for trading on the
OTCQB® Venture Market (the "OTCQB") in the United States operated by the OTC Markets
Group Inc. and the Company's common shares commenced trading today
on the OTCQB under the symbol "ELECF". The Company's common
shares will continue to trade on the TSX Venture Exchange under the
symbol "ELEC.V".
Electric Royalties CEO, Brendan
Yurik, stated, "Trading on the OTCQB is an important step
towards strengthening our U.S. shareholder base and broadening our
global investor reach. The OTCQB eligibility will allow us to
expand our audience and activate our shareholder base in the U.S
market as we continue to grow our portfolio of battery minerals
royalties. I look forward to introducing the Company's
exciting story to investors located in the USA and am pleased that we have now made it
easier for US investors to participate in our growth story".
The OTCQB® offers investors transparent trading in
entrepreneurial and development stage U.S. and international
companies that may not yet qualify for OTCQX. To be eligible,
companies must be current in their reporting and undergo an annual
verification and management certification process. The OTCQB
quality standards provide a strong baseline of transparency, as
well as the technology and regulation to improve the information
and trading experience for investors. Investors can find real-time
level 2 quotes and market information at
www.otcmarkets.com/stock/ELECF/overview.
An application for the Depository Trust & Clearing
Corporation (DTCC) eligibility is currently pending and once
complete, will further facilitate electronic clearing and
settlement of the Company's common shares in the United States.
On Behalf of the Board of Directors,
Brendan Yurik
CEO
About Electric Royalties Ltd.
Electric Royalties is a royalty company established to take
advantage of the demand for a wide range of commodities (lithium,
vanadium, manganese, tin, graphite, cobalt, nickel, zinc &
copper) that will benefit from the drive toward electrification of
a variety of consumer products: cars, rechargeable batteries, large
scale energy storage, renewable energy generation and other
applications.
Electric vehicle sales, battery production capacity and
renewable energy generation are slated to increase significantly
over the next several years and with it, the demand for these
targeted commodities. This creates a unique opportunity to invest
in and acquire royalties over the mines and projects that will
supply the materials needed to feed the electric revolution.
Electric Royalties has a growing portfolio of 17 royalties,
including one royalty that currently generates revenue. The
Company is focused predominantly on acquiring royalties on advanced
stage and operating projects to build a diversified portfolio
located in jurisdictions with low geopolitical risk offering
investors exposure to the clean energy transition via the
underlying commodities required to rebuild the global
infrastructure over the next several decades towards a decarbonized
global economy.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Cautionary Statements Regarding Forward-Looking
Information and Other Company Information
This news release includes forward-looking information and
forward-looking statements (collectively, "forward-looking
information") with respect to the Company within the meaning of
Canadian securities laws. Forward looking information is typically
identified by words such as: believe, expect, anticipate, intend,
estimate, postulate and similar expressions, or are those, which,
by their nature, refer to future events. This information
represents predictions and actual events or results may differ
materially. Forward-looking information may relate to the Company's
future outlook and anticipated events and may include statements
regarding the financial results, future financial position,
expected growth of cash flows, business strategy, budgets,
projected costs, projected capital expenditures, taxes, plans,
objectives, industry trends and growth opportunities of the Company
and the projects in which it holds royalty interests.
While management considers these assumptions to be
reasonable, based on information available, they may prove to be
incorrect. Forward-looking statements involve known and unknown
risks, uncertainties and other factors which may cause the actual
results, performance or achievements of the Company or these
projects to be materially different from any future results,
performance or achievements expressed or implied by the
forward-looking statements. These risks, uncertainties and other
factors include, but are not limited to risks associated with
general economic conditions; adverse industry events; marketing
costs; loss of markets; future legislative and regulatory
developments involving the renewable energy industry; inability to
access sufficient capital from internal and external sources,
and/or inability to access sufficient capital on favourable terms;
the mining industry generally, the Covid-19 pandemic, recent market
volatility, income tax and regulatory matters; the ability of the
Company or the owners of these projects to implement their business
strategies including expansion plans; competition; currency and
interest rate fluctuations, and the other risks.
The reader is referred to the Company's most recent filings
on SEDAR for a more complete discussion of all applicable risk
factors and their potential effects, copies of which may be
accessed through the Company's profile page at
www.sedar.com.
SOURCE Electric Royalties Ltd.
