Manganese X Energy Announces Eric Sprott's Commitment to Fund Pre-Feasibility Study of Electric Royalties' Flagship Manganese Royalty Asset in New Brunswick
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Electric Royalties Ltd. announced that Eric Sprott has committed to funding a pre-feasibility study for the Battery Hill Manganese Project in New Brunswick, Canada, where the company holds a 2% Gross Metal Royalty.
January 03, 2025 | 6:15 pm
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Electric Royalties Ltd. has secured funding from Eric Sprott for a pre-feasibility study on its Battery Hill Manganese Project, potentially enhancing the project's value and future revenue from its 2% royalty.
The funding commitment from a notable investor like Eric Sprott for the pre-feasibility study is a positive development for Electric Royalties. It indicates confidence in the project's potential, which could lead to increased investor interest and a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90