Electric Royalties Ltd. to provide an asset update on its current royalty portfolio. Authier Lithium Project (0.5% Gross Metal Royalty) ­ Sayona Mining Limited announced on August 4, 2022 that it has further advanced its planned restart of spodumene (lithium) production at the North American Lithium operation in Québec, Canada, with approximately 30% of plant and equipment upgrades now completed. Sayona is on track to recommence production at NAL in First Quarter 2023, becoming the only local lithium supplier in North America, after having committed around $100 million to the restart.

Sayona plans to combine mineralized material produced from Authier with mineralized material at the nearby NAL site, with a goal to facilitate improvement in plant performance and economics. A pre-feasibility study for NAL integrates Authier ­ on which Electric Royalties holds a 0.5% gross metal royalty with the NAL operation into Sayona's Abitibi Lithium Hub. A feasibility study for NAL-Authier is underway.

Cancet Lithium Project Winsome Resources Limited provided exploration updates for the Cancet lithium project in Québec, Canada on July 14, 2022 and August 10, 2022. Final results for the 2022 winter drill program have been received and have added to the footprint of lithium mineralization at the Cancet deposit. Of the seven drill holes for which results have been received, two intersected zones of lithium and tantalum mineralization.

The other five targets, although showing promise from earlier magnetic surveying, did not intersect any significant mineralization and have been closed out. The confirmation of these results and the increased knowledge gained by investigating nearby target zones provides direction for Winsome to continue its resource development and exploration activities at Cancet. Results from the drill program are expected to be incorporated in the inaugural JORC mineral resource estimate planned in the near term.

Electric Royalties is relying on the information provided by Winsome and is unable to verify the reported drill data. Winsome has also commenced surface stripping, channel sampling and mapping of the main pegmatite dyke, to help build a clearer understanding of the area's prospectivity. It expects to soon generate new drill targets for the upcoming autumn/winter campaign, and has secured heli-portable reverse circulation and diamond drill rigs to investigate the new pegmatite occurrences recently discovered at Cancet.

Seymour Lake Lithium Project (1.5% Net Smelter Royalty) ­ Green Technology Metals Limited announced on July 19, 2022 that NorthWinds Environmental Services, TBT Engineering and Englobe have recommenced its second year of baseline environmental monitoring at the Seymour Lake lithium project in northwest Ontario. Up to three years of seasonal baseline surveys can be required to mitigate environmental impact and identify risks to support future project permitting and environmental approvals. The baseline surveys are predominantly focused on fauna, flora, groundwater, surface water and archaeology.

GT1 reported no confirmed sightings of any threatened or endangered species to date.