Electric Royalties Ltd.
An Undervalued Royalty Portfolio in the EV Metal Space
Published: 7/10/2024
Author: FRC Analysts
Sector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:ELECF - NASDAQ 🔹ELEC.V - NEO 🔹
Rating and Key Data
| Metrics | Value |
|---|---|
| Current Price | CAD $0.22 |
| Fair Value | CAD $1.12 |
| Risk | 4 |
| 52 Week Range | CAD $0.17-0.35 |
| Shares O/S (M) | 102 |
| Market Cap. (M) | CAD $22 |
| Current Yield (%) | N/A |
| P/E (forward) | N/A |
| P/B | 1.7 |
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Report Highlights
- In May 2024, ELEC acquired the Ontario Lithium Projects (OLP) for $1.87M cash and 2.25M shares. This portfolio includes 18 royalty agreements and 32 lithium properties, with 31 currently optioned to third parties. ELEC could receive up to $2.2M in option payments over the next 2.5 years.
- ELEC’s investments primarily target Electric Vehicle (“EV”) and clean energy metals such as lithium, graphite, cobalt, copper, and nickel.
- Its portfolio consists of royalty investments in 40 projects (previously 22), including two past-producing mines, seven advanced stage projects poised for production wi
