Electric Royalties (TSE:ELEC) has released an update.
Electric Royalties Ltd. is set to raise up to C$4 million through a private placement, offering investors a chance to capitalize on the growing demand for electric vehicle and renewable energy commodities. The proceeds will support its acquisition of a royalty related to a Chilean copper mine, enhancing its diverse portfolio tied to the electrification revolution.
For further insights into TSE:ELEC stock, check out TipRanks’ Stock Analysis page.