• Matthew Nelson

Electric Royalties Signs LOI to Acquire 2 Graphite Royalties

Electric Royalties Ltd. (TSXV: ELEC) is pleased to announce that it has entered into a non-binding letter of intent with Vox Royalty Corp. (TSXV: VOX) (“Vox”) to acquire a portfolio of two graphite royalties from Vox. The portfolio consists of a 2.5% gross concentrate sales royalty on graphite production at the Graphmada Graphite Mining Complex (“Graphmada”), located in Madagascar and operated by ASX-listed Bass Metals Ltd (“Bass Metals”), and a 0.75% Gross Revenue Royalty on the Yalbra Graphite Project (“Yalbra”), located in Western Australia with an established high-grade graphite resource. Total consideration for the acquisition is C$2,850,000 in shares of Electric Royalties and a C$50,000 cash non- refundable exclusivity payment.

Transaction Highlights

• Exposure to near-term graphite production at Graphmada: existing process plant capable of producing 6,000 tpa of large flake graphite concentrate; in operation for 20 continuous months producing concentrates comprised of more than

43% large to jumbo flake graphite but currently on temporary care and maintenance due to in-country Covid restrictions; and currently the subject of a drilling campaign and mining studies to increase future mine production through organic growth and plant upgrades.

• Exposure to a high-grade graphite resource in Western Australia with exploration upside at Yalbra.

The Graphmada royalty is capped at the earlier of A$5 million royalty revenues and December 31, 2028.

Ongoing partnership with Vox Royalty Corp:

Vox is a high growth precious metals royalty and streaming company with a portfolio of

50 royalties and streams spanning nine jurisdictions; and owns a proprietary data base of over 7,000 royalties that has enabled an industry-leading growth rate through the completion of over 20 transactions and the acquisition of 45 royalties since January 2019.

Closing of the acquisition is conditional upon completion of due diligence and customary conditions including the approval of the TSX Venture Exchange and the execution of definitive transaction documentation.

Brendan Yurik, CEO of Electric Royalties, commented: “We are excited to partner with Vox Royalty Corp. through this initial transaction which provides Electric Royalties with another near-term cash flowing royalty opportunity at Graphmada and we look forward to working with the Vox team to acquire additional battery metal royalties moving forward.”

About Electric Royalties Ltd.

Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel & copper) that will 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.

Electric vehicle sales, battery production capacity and renewable energy generation are slated to increase significantly over the next several years and with it, the demand for these targeted commodities. This creates a unique opportunity to invest in and acquire royalties over the mines and projects that will supply the materials needed to feed the electric revolution.

Electric Royalties has a portfolio of 12 royalties with 4 additional royalties currently under contract, subject to completion. Electric Royalties plans to focus predominantly on acquiring royalties on advanced stage and operating projects to build a diversified portfolio located in jurisdictions with low geopolitical risk.

About Vox Royalty Corp.

Vox is a growth precious metals royalty and streaming company with a portfolio of 50 royalties and streams spanning nine jurisdictions. The Company was established in 2014 and has since built unique intellectual property, a technically focused transactional team and a global sourcing network which has allowed Vox to become the fastest growing company in the royalty sector. Since the beginning of 2019, Vox has announced over 20 separate transactions to acquire over 45 royalties.

Further information on Vox can be found at www.voxroyalty.com.

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