Electric Royalties Ltd. provided an update on the Middle Tennessee Mine ("MTM") in Tennessee, United States, operated by Nyrstar, the operating subsidiary of Trafigura. On October 31, 2023, Nyrstar announced that production operations at MTM will be temporarily paused on November 30, 2023 due to weakened market conditions and inflationary impacts on input costs and operating margins. Operations will resume as soon as economically viable.

During this temporary pause in production operations, Nyrstar plans to conduct exploration drilling to define additional zinc, germanium, and gallium resources to position it to increase the supply to its Clarksville smelter upon completion of a planned investment to enable on-site recovery of germanium and gallium. Once operations resume, Nyrstar plans for MTM to supply diversified critical minerals to the U.S. market.