Stefan Gleason Increases Stake in Electric Royalties to 24%

CHARLOTTE, NC – Stefan Gleason, noted for his significant influence in the U.S. metals market, reported acquiring additional shares of Electric Royalties Ltd., raising his ownership to approximately 24%. This acquisition was conducted in the open market and follows Gleason's previous stake increases, reflecting his growing investment in the company.

Electric Royalties, involved in various projects including Battery Hill and Seymour Lake, appears to be undervalued according to Gleason, who cited recent positive developments within these operations. The company also announced the expansion of its royalty count to 40 through an asset purchase agreement, suggesting a strategic growth trajectory aiming at 72 royalties.

This increased stake is facilitated by the "Normal Course Purchase Exemption," allowing Gleason substantial share acquisitions without mandatory takeover bids, as long as yearly purchases do not surpass 5% of the securities. Gleason continues to leverage his position strategically, having been elected a director and recently enhancing financial support through a C$10 million credit facility.