Electric Royalty (CVE: ELEC) CEO Brendan Yurik joined Steve Darling from Proactive to share news the company has entered into a letter of intent with Sprott Resource Streaming and Royalty to help fund their acquisition of the Middle Tennessee Mine royalty.
Yurik telling Proactive Sprott Streaming would pay 9.15 million in cash in return for 50% of the MTM royalty with Electric Royalties retaining 50% of the royalty.
Story by ProactiveInvestors
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