Electric Royalties Ltd. (V:ELEC)
Business Focus: Diversified Mining
| Sector: Basic Materials | Industry: Diversified Mining |
| 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, including lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc and copper, that benefit from the drive toward electrification of a variety of consumer products, such as cars, rechargeable batteries, large scale energy storage, renewable energy generation, and other applications. It owns a portfolio of approximately 22 royalties, which are located in Canada, Australia, Madagascar, Norway, the United States and Spain. Its portfolio includes Middle Tennessee Zinc Mine Project, Graphmada Royalty, Bissett Creek Graphite Project, Authier Lithium Project, Battery Hill Project, Mont Sorcier Project, Millennium Copper-Cobalt Project, Seymour Lake Lithium Royalty, Cancet Lithium Project, Rana Nickel Project and Sleitat Project. The Graphmada Royalty is a 2.5% net smelter return royalty on graphite production at the Graphmada Graphite Mining Complex, located in Madagascar. |
| Financial Overview |
| For the nine months ended 30 September 2023, Electric Royalties Ltd revenues increased from C$0K to C$155K. Net loss decreased 30% to C$1.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Investor relations and shareholder commu decrease of 72% to C$138K (expense), Stock-based Compensation in SGA decrease from C$284K (expense) to C$0K. |
| Employees: | 1 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $24.86M as of Sep 30, 2023 |
| Annual revenue (TTM): | $0.16M as of Sep 30, 2023 |
| EBITDA (TTM): | -$1.29M as of Sep 30, 2023 |
| Net annual income (TTM): | -$1.42M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$5.51M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $3.54M as of Sep 30, 2023 |
| Shares outstanding: | 96,601,509 as of Oct 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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