Ely Gold Royalties Inc. (TSXV:ELY) reached binding agreement to acquire an unknown minority interest in mineral interests in Elko, Nevada from an individual on November 2, 2020. In related transactions, Ely Gold Royalties entered into eleven separate binding agreements to acquire mineral interests in Elko, Nevada from 11 separate individuals. As consideration, Ely Gold will pay a total of $2.5 million for the first eleven transactions and $1.3 million and 0.3 million warrants for the twelfth transaction. Ely Gold has agreed to pay a cash finder's fee to R&R Land, Mineral & Oil LLC totaling $0.2 million. The transaction is subject to final due diligence by Ely Gold. The transaction is expected to complete on December 1, 2020. Ely Gold Royalties Inc. (TSXV:ELY) cancelled the acquisition of unknown minority interest in mineral interests in Elko, Nevada from an individual on January 11, 2021.