Sector: Basic Materials | Industry: Specialty Mining & Metals |
Company Contact | |
Address: | 15th Floor 1040 West Georgia Street VANCOUVER BC V6E 4H1 |
Tel: | N/A |
Website: | https://www.electricroyalties.com |
IR: | See website |
Key People | ||
N/A |
Business Overview |
Electric Royalties Ltd. is a Canada-based royalty company. The Company is focused on a range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper) that 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. The Company has a portfolio of 40 royalties across the world and 32 lithium properties in Ontario, Canada. Its royalty portfolio includes Middle Tennessee Zinc Mine, Penouta Mine, Kenbridge, Authier Lithium Project, Seymour Lake Lithium Project, Graphmada Graphite Project and others. 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, which offers investors exposure to the clean energy transition via the underlying commodities required to rebuild the global infrastructure. |
Financial Overview |
For the fiscal year ended 31 December 2023, Electric Royalties Ltd revenues increased from C$0K to C$166K. Net loss increased from C$1.9M to C$6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Share of (loss) income of associate decrease from C$175K (income) to C$67K (expense), Property investigations increase of 18% to C$268K (expense). |
Employees: | 1 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $23.74M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.17M as of Dec 31, 2023 |
EBITDA (TTM): | -$1.25M as of Dec 31, 2023 |
Net annual income (TTM): | -$6.00M as of Dec 31, 2023 |
Free cash flow (TTM): | -$5.34M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $3.91M as of Dec 31, 2023 |
Shares outstanding: | 96,601,509 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |