(NewsDirect)
Electric Royalties CEO Brendan Yurikjoined Steve Darling from Proactive to provided an update on thecompany's royalty portfolio, highlighting significant progress anddevelopments.
Yurik shared that thecompany has seen considerable advancements during the summer,including a production update on its Penouta tin-tantalum royalty.Electric Royalties holds a 1.5% gross revenue royalty on this asset.Strategic Minerals Europe Corp, the operator of Penouta Mine in Spain,reported record production for the second quarter, with a 36% increasein primary concentrate production to 246 tonnes.
Additionally, Yurik discussed the resultsfrom the Bruvann prospect at the Råna Project in Norway. GlobalEnergy Metals Corporation and its strategic partner, Kingsrose MiningLimited, reported analytical results from the first two diamond drillholes. These results revealed massive sulphide nickel-copper-cobaltmineralization, extending mineralization 20 meters southwest and onstrike from a historical massive sulphide drill intercept.
These developments demonstrate the growing potential ofElectric Royalties' royalty portfolio and its involvement inpromising mining projects.
ContactDetails
Proactive Investors
+1 604-688-8158
Copyright (c) 2023 TheNewswire - All rights reserved.