Electric Royalties Ltd. (V:ELEC*CA)

Business Focus: Specialty Mining & Metals (NEC)

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
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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

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