Electric Royalties Ltd. is pleased to announce the closing of the previously announced transaction to acquire a 0.75% Gross Revenue Royalty on the mining claims, mining leases and mineral tenures comprising the producing Punitaqui copper mine in Chile . In addition, the 0.75% GRR will apply to third-party materials processed through the Punitaqui mining complex from the effective date to December 31, 2027. Pursuant to the definitive agreement with Minera BMR SpA and Minera Altos De Punitaqui Limitada , subsidiaries of
Battery Mineral Resources Corp. , dated November 22, 2024, the Company has made a cash payment of C$3,050,000 to the Vendors and will make another cash payment of C$450,000 within 45 days after closing. Brendan Yurik, CEO of Electric Royalties, com...