Electric Royalties converts interest under credit facility

VANCOUVER, BC / ACCESS Newswire / June 8, 2026 / Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company") announces that Gleason & Sons LLC (the " Lender ") has elected to convert C$518,142.23 of accrued interest on the principal amount of the Company's convertible credit facility (the " Interest ") under the amended and restated convertible loan agreement dated February 16, 2024 between the Lender and Company (the " A&R Agreement "), into 4,505,585 common shares of the Company (the " Conversion Shares "), at a conversion price of C$0.115 per Conversion Share (the " Interest Conversion "). Subject to acceptance of the TSX Venture Exchange (the " TSXV "), the Company expects to issue the Conversion Shares in June 2026. "Today's conversion zeroes out all interest accrued to date.

We appreciate the ongoing support of our largest shareholder Stefan Gleason as the Company's diversified portfolio of 43 royalties continues to develop and mature," said Electric Royalties CEO Brendan Yurik. "We are also pleased with the steady increase in royalty payments to the Company resulting from production growth at the Punitaqui copper mine in Chile, news of mining legend Eric Sprott's early exercise of his Manganese X warrants in order to fund our flagship royalty at Battery Hill, and potential catalysts from the expected completion of feasibility studies at Seymour Lake (lithium), Mont Sorcier (vanadium), Graphite Bull (graphite), and Battery Hill (manganese) during the second half of this year." The Interest Conversion is treated as a "Shares for Debt" transaction under Policy 4.3 of the TSX Venture Exchange (the "TSXV"), and the Interest shall be settled in consideration for the Conversion Shares, upon the terms of the A&R Agreement. Completion of the Interest Conversion is subject to the approval of the TSX Venture Exchange.

All of the Conversion Shares issuable in connection with the Interest Conversion will bear applicable resale legends restricting the transfer of said Conversion Shares, including for a period of four months and one day from the distribution date under Canadian securities laws, and for a period of six months under U.S. securities laws. The "related party transaction" requirements under Policy 5.9 of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") do not apply as the Interest Conversion meets the exemption set forth under Section 5.1(h)(iii) of MI 61-101. Stock Options The Company announces that it has granted incentive stock options (the "Options") to certain consultants, under the terms of the Company's stock option plan, to purchase an aggregate of 700,000 common shares in the capital stock of the Company.

The Options were granted at an exercise price of $0.14 per share for a three-year term. The stock option grant is subject to acceptance by the TSX Venture Exchange. About Electric Royalties Ltd. Electric Royalties is a royalty company established to take advantage of the demand for a wide range of commodities (lithium, vanadium, manganese, tin, graphite, cobalt, nickel, zinc, and copper) that will benefit from the drive toward AI technologies and the electrification of consumer and commercial products, including cars, rechargeable batteries, large scale energy storage, renewable energy generation, data centers, and other applications.