Electric Royalties: Several Copper Royalties Make Strides and Copper Royalty Revenues Rise

The December 2, 2025 news release provides an operational update on several of Electric Royalties' copper assets. - Punitaqui Copper Mine (Chile): The company has received C$253,359 in royalty revenues since acquiring the royalty in December 2024. This confirms the asset is cash-flowing, and the company expects additional revenues in Q4 2025 as the operator continues to ramp up production. - Zonia Copper Project (Arizona, USA): A new operator, Edge Copper Corporation, has secured C$17 million in funding to advance the project. The funds will be used for AI-driven exploration to expand the resource and to complete a pre-feasibility study (PFS). - Millennium Copper-Cobalt Project (Australia): The operator has commenced a diamond drilling program targeting high-grade graphite, which is located near the existing cobalt-copper-gold resource.

This news is a routine, positive update that demonstrates incremental progress across the company's portfolio.

• Punitaqui Revenue: The revenue figure of C$253,359 is an increase from the C$210,000 reported on September 4, 2025. This shows continued, albeit modest, cash flow growth from its single producing asset. While positive, this revenue stream is still small compared to the company's operating expenses and net loss (C$2.2M for the nine months ended Sept 30, 2025). The news confirms the asset is performing as expected but does not materially change the company's financial standing.

• Zonia Project De-risking: The confirmation of a new, well-funded operator for the Zonia project is a significant de-risking event. The previous operator, World Copper, had been seeking a buyer. The C$17 million in funding provides a clear path forward for a PFS. This adds credibility and potential future value to Electric Royalties' 0.5% Gross Revenue Royalty (GRR), but any potential cash flow from this asset remains years away.

• Millennium Project Advancement: The start of drilling is a standard, early-stage exploration step. It is positive news but has no immediate impact on valuation.

Overall, the announcement confirms the company's strategy is progressing. The Punitaqui royalty is generating cash, and operators are spending their own capital to advance other projects in the portfolio. However, the update does not introduce a new material catalyst or solve the company's pressing financial concerns. It is an incremental step forward, not a leap.

Electric Royalties is a royalty company focused on building a portfolio of assets in the clean energy metals space, including copper, lithium, nickel, tin, manganese, vanadium, and graphite. The company holds over 40 royalties. Its current flagship asset is the 0.75% Gross Revenue Royalty on the producing Punitaqui Copper Mine in Chile, which is its only source of cash flow. Other key development assets include royalties on the Battery Hill Manganese Project, the Mont Sorcier Vanadium Project, the Seymour Lake Lithium Project, and the Zonia Copper Project.