VANCOUVER, British Columbia, May 5, 2021 / CNW / – Electric Royalties Ltd. (“ELEC” or the “Company”) (TSXV: ELEC) announces that it expects to complete a private placement of up to 25,000,000 units (“units”) of the Company at a price of $ 0.40 per unit (the “issue price” ) for proceeds of up to $ 10 million (the “Offer”).

Each unit is made up of one ordinary share (a “Share“) of the Company plus one common share purchase warrant (a”To guarantee“). Each warrant may be exercised for a period of two years from the closing date at $ 0.60 per share of warrant (as defined below). Units, shares and shares with warrant will be subject to applicable resale restrictions, including a four month hold period. from the closing date of the offering under applicable Canadian securities laws. Finder’s fees or commissions may be paid in accordance with securities regulations Completion of the offering is subject to regulatory approval, including the approval of the TSX Venture Exchange.

The proceeds will be used to finance royalty acquisitions as well as for general corporate working capital needs.

About Electric Royalties Ltd.

Electric Royalties is a royalty company formed to capitalize on demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel and copper) that will benefit from the electrification trend of ‘a variety of consumer products: cars, rechargeable batteries, large-scale energy storage, renewable energy production and other applications.

Electric vehicle sales, battery production capacity and renewable energy production are expected to increase dramatically over the next few years and, with it, demand for these targeted commodities. This creates a unique opportunity to invest and acquire royalties on mines and projects that will provide the materials needed to power the electric revolution.

Electric Royalties has a portfolio of 12 royalties with 2 additional royalties currently under contract, subject to completion. Electric Royalties plans to focus primarily on acquiring royalties on advanced stage and operating projects in order to build a diversified portfolio located in low geopolitical risk jurisdictions.

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.

Cautions Regarding Forward-Looking Information and Other Company Information

This press release includes forward-looking information and forward-looking statements (collectively, “forward-looking information”) concerning the Company and within the meaning of Canadian securities laws. Forward-looking information is generally 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 forecasts and actual events or results may differ materially. Forward-looking information may relate to the future prospects of the company and expected events or results or those of such other companies and may include statements regarding the financial results of the company, its future financial condition, expected growth in cash flows, business strategy, budgets, projected costs, projected capital expenditures, taxes, plans, goals, industry trends and growth opportunities or those of these other businesses.

Although management considers these assumptions to be reasonable, based on the information available, they may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company or of such other companies to be materially different from any future results, performance or achievements. expressed or implied by the prospect. 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; the inability to access sufficient capital from internal and external sources, and / or the inability to access sufficient capital on favorable terms; the mining industry in general, the Covid-19 pandemic, recent market volatility, income tax and regulatory issues; the ability of the Company or any of these other companies to execute its business strategies, including expansion plans; competition; currency and interest rate fluctuations, as well as other risks.

The reader is encouraged to consult the Company’s most recent SEDAR filings and those of such other companies, or equivalent public documents, for a more complete discussion of all applicable risk factors and their potential effects, copies of which may be obtained. can be viewed on the Company’s profile page at

SOURCE Electric Royalties Ltd.

For more information: For more information, please contact: Investor contact: Mars Investor Relations, TF +1 (866) 697-0028, [email protected],; Electric Royalties: Electric Royalties Ltd., Brendan Yurik, Tel: (604) 364-3540, [email protected],

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