Electric Royalties (TSE:ELEC) has released an update.
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Electric Royalties Ltd. reports progression in its diverse mining interests, including anticipation of revenue growth from the Penouta Tin-Tantalum Mine after a 30% increase in tin prices and continued advancements in the Seymour Lake lithium project. Despite legal challenges over a permit, the company’s Penouta Mine in Spain remains operational under a separate permit, with Strategic Minerals Europe exploring legal options to reinstate the suspended permit. Electric Royalties highlights ongoing developments across its 40 royalties portfolio, emphasizing growth without additional costs.
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