Ely Gold Royalties Inc.

Expert Comments:

Royalty Company Sells Mining Claim in Nevada's Walker Lane Trend (3/11/21) The transaction is for Ely Gold Royalties' J&M claim at the Hercules property. read more >
	Mark Reichman, Noble Capital Markets (2/25/21) "Ely Gold Royalties Inc., through its Nevada Select subsidiary, executed an option agreement giving Crestview Exploration the option to purchase the Cimarron property located about 30 km north of Tonopah, Nev. for $200K and a 2.5% net smelter returns royalty. . .the Cimarron transaction is another example of a value creation opportunity inherent in Ely Gold's property portfolio."
Mark Reichman, Noble Capital Markets (2/16/21) "Ely Gold Royalties Inc. announced that nine assayed samples at its El Campo property in San Bernardino County, Calif. returned up to 8.6% total rare earth oxides, including cerium, lanthanum, samarium and high value magnet metals neodymium and praseodymium which are used in electric vehicles and wind turbines. All nine of the samples returned rare earth oxide values of 4% or greater."
Company Boosts Royalty Percentage and Lease Interest at Nevada Property (2/11/21) This deal takes Ely Gold Royalties' interest in the leased mining claims at Hog Ranch to 75.01% and its royalty there to 2.25%. read more >
Mark Reichman, Noble Capital Markets (2/11/21) "Ely Gold Royalties Inc., through its Nevada Select Royalty subsidiary, executed a binding term sheet to acquire an additional 25% interest in its Hog Ranch property in Washoe County, Nev., roughly 270 km north of Reno, from Platoro West Inc. The additional interest in Hog Ranch will increase Ely's net smelter returns royalty to 2.25% from 1.5% and its interest in the leased mining claims to 75.1% from 50.1%."
	Gwen Preston, The Maven Letter (2/10/21) "Ely Gold Royalties Inc. remained busy throughout 2019 and 2020. . .the company kicked butt on its business plan, acquiring royalties at great valuations by knowing who's who and fostering relationships in the Nevada mineral space. It also acquired projects, consolidated properties and farmed them out to partners at a great rate; that work continues."
Company Doubles Royalty in Nevada Gold & Silver Property (1/11/21) Ely Gold Royalties reported it finalized the purchase of a 1% net smelter returns royalty on the Lincoln Hill Property in Nevada, raising its NSR stake in the property operated by Coeur Mining to 2%. read more >
Couloir Capital (1/3/21) "ELY is a strong upcoming royalty company and a benchmark example of smaller royalty companies that are well primed to grow further, from a valuation perspective. . .the preliminary valuation framework we've built around ELY suggests that it has significant upside yet to be realized. In addition to this, we believe that there could be additional blue sky growth potential in ELY's development and exploration royalties maturing to an advanced stage, which would have the impact of increasing forecasted cash flows used in our multiples valuation."
Firm Acquires Near-Term Producing NSR Royalty in Nevada, 'Offers an Attractive Growth Profile' (12/31/20) This latest transaction of Ely Gold Royalties is discussed in a Noble Capital Markets report. read more >
	Mark Reichman, Noble Capital Markets (12/23/20) "Ely Gold Royalties Inc., through its Nevada Select Royalty subsidiary, executed a binding term sheet to acquire a 2% net smelter returns royalty from a private third party on three unpatented mining claims located within Coeur Mining's Lincoln Hill property in Pershing County, Nev. . .the company will pay a cash consideration of $200K and issue 500K warrants exercisable at the Dec. 22, 2020 closing price, subject to a four-month hold, which expire in three years."
Royalty Company Purchases Mineral Interests in District-Scale Nevada Gold Property (11/4/20) Ely Gold Royalties reported it agreed to purchase private fee ground and mineral interests in the Railroad-Pinion project in Nevada that is currently being developed by Gold Standard Ventures. read more >

More Expert Comments

Mark Reichman, Noble Capital Markets (12/15/20) "Ely Gold Royalties Inc., through its Nevada Select subsidiary, executed an option agreement for Navy Resources to acquire the Weepah property located in Esmeralda County, Nev. Ely will retain royalty interests. . .Navy will have the option to purchase 100% of the property in exchange for $1M and 500K Navy shares."
Mark Reichman, Noble Capital Markets (11/3/20) "Ely Gold Royalties Inc. executed binding agreements with 12 private parties to acquire royalty interests covering a portion of the Railroad-Pinion project. . .the leases provide for an aggregate 1.15% net smelter returns royalty and annual lease payments of over $150,000. The mineral interests and leases cover large portions of the Dark Star, Pinion and Jasperoid Wash deposits and portions of the POD and Bald Mountain zones."
	Gwen Preston, The Maven Letter (10/14/20) "Ely Gold Royalties Inc. completed two transactions in the past week, vending one of its exploration stage projects to Goldcliff Resource and buying a 0.3% net smelter returns royalty on the Trenton Canyon property. . .currently, Ely has three producing royalties and another eight due to come online by 2023."
	Mark Reichman, Noble Capital Markets (10/14/20) "Ely Gold Royalties, through its wholly owned subsidiary Nevada Select Royalty, agreed to purchase a 0.3% net smelter returns royalty from a private individual. The Trenton Canyon royalty covers 52 unpatented mining claims located on the Battle Mountain-Eureka trend in Nevada, which are included in a drilling program by SSR Mining."
Mark Reichman, Noble Capital Markets (10/9/20) "Ely Gold Royalties Inc., through its Nevada Select subsidiary, executed an option agreement for Goldcliff Resource to acquire the Aurora West property located in Mineral County, Nev. Ely will retain a 2% net smelter return royalty. . .Aurora West includes 51 claims. . .Goldcliff will acquire the property for $425K."
Mark Reichman, Noble Capital Markets (9/30/20) "Ely Gold Royalties Inc. agreed to purchase a 1% net smelter returns royalty on mining claims in Ontario, Canada from Sanatana Resources. . .the Watershed royalty surrounds the Côté gold project which is a joint venture between IAMGOLD and Sumitomo Metal Mining. Consideration includes CA$2.5M in cash and 1M Ely Gold warrants with an approximate value of CA$500K."
Mark Reichman, Noble Capital Markets (9/2/20) "We expect Ely Gold Royalties Inc. to close on several announced transactions this month. First is the acquisition of an additional 1% net smelter return (NSR) royalty on Coeur Mining's Lincoln Hill property announced on July 21; second is the acquisition of a package of three NSR royalties on properties in Nevada announced on Aug. 11."
Mark Reichman, Noble Capital Markets (8/12/20) "Ely Gold Royalties Inc. executed a purchase agreement for a package of three net smelter returns (NSR) royalties on properties in Nevada from a third party for $350K. The royalties are a 0.33% NSR on the Sleeper gold mine project owned by Paramount Gold Nevada Corp., a 1% NSR on 38 mining claims associated with Coeur Mining's Lincoln Hill and Gold Ridge properties and a 1% NSR on 40 acres of ground associated with Waterton Global's Mt. Hamilton project."
Jay Taylor, Hotline (7/24/20) "Ely Gold Royalties Inc. has entered into a binding letter agreement with a private individual, whereby Ely Gold, through its wholly owned subsidiary, Nevada Select Royalty, a Nevada corporation, will acquire 100% of all rights and interests to an additional 1% net smelter return royalty on the Lincoln Hill property. . .closing is expected on or about Sept. 1, 2020. . .Lincoln Hill is considered one of Ely Gold's most important assets."
	Gwen Preston, The Maven Letter (7/23/20) "Ely Gold Royalties Inc. is buying an additional 1% net smelter returns (NSR) royalty in Coeur Mining's Lincoln Hill property in Nevada, bringing its total royalty in the property to 2%. . .the doubling of its Lincoln Hill NSR is another in a series of moves the company has made to amp up the near-term cash flow potential of its portfolio, following its May raise of CA$17.5M. I like the fact that management hasn't wasted any time deploying this cash influx."
	Mark Reichman, Noble Capital Markets (7/22/20) "Ely Gold Royalties Inc. agreed to acquire an additional 1% net smelter returns (NSR) royalty on Coeur Mining's Lincoln Hill property. The transaction, executed with a private individual, is expected to close around Sept. 1, 2020 and doubles Ely's NSR royalty on Lincoln Hill to 2%."
Jay Taylor, Hotline (7/3/20) "This week I purchased some Ely Gold Royalties Inc. . .the company is one of my biggest winners this year. I wish I had purchased it earlier, but I think most of its upward move is still ahead."
	Mark Reichman, Noble Capital Markets (7/1/20) "Ely Gold Royalties Inc. recently filed an independent NI 43-101 technical report dated June 8, 2020 on the Jerritt Canyon mine. . .based on the company's successful record of growing its project portfolio coupled with a constructive gold price outlook, we think Ely Gold offers attractive growth potential."
Mark Reichman, Noble Capital Markets (6/16/20) "Ely Gold Royalties Inc. entered into an option/sale agreement with Provenance Gold for 30 unpatented lode mineral claims on the White Rock gold project. . .the option payments amount to $250K over four years. Upon sale, Ely Gold will retain a 2% net smelter returns royalty which includes a $25K annual advance minimum royalty payment. . .In our view, Ely Gold offers shareholders leverage to gold prices through its growing portfolio of long-term gold royalties."
Mark Reichman, Noble Capital Markets (5/26/20) "Ely Gold Royalties Inc. has made several significant transactions in recent months that are expected to accelerate revenue and cash flow growth. . .based on the company's successful record of growing its project portfolio coupled with a constructive gold price outlook, we think Ely Gold offers attractive growth potential."
Mark Reichman, Noble Capital Markets (5/14/20) "Ely Gold Royalties Inc. announced that it has completed the purchase agreement of a 0.5% net smelter returns royalty on the Jerritt Canyon mine. . .royalty payments began to accrue in February 2020. Ely Gold also holds a per ton royalty interest on the Jerritt Canyon processing facilities and a 0.75% producing royalty on the Isabella Pearl mine operated by Gold Resource Corp."
	Gwen Preston, The Maven Letter (5/13/20) "Ely Gold Royalties Inc. has upsized the private placement it announced last week; it will now raise $15M instead of $10M and will include an overallotment option that, if fully exercised, would boost the financing to $17.25M. The company has also begun trading on the U.S. OTC market under the symbol ELYGF."
	Jay Taylor, Hotline (5/8/20) "Due to investor demand. . .Ely Gold Royalties Inc. and a syndicate of agents led by Clarus Securities and Mackie Research Capital have agreed to increase the size of the previously announced offering of C$10 million to C$15 million at a price of 80 cents per unit. . .The aggregate gross proceeds of the offering, if the overallotment option is exercised in full, shall be $17.25 million. . . I think there is a lot more upside for Ely given their pipeline of near-term producing projects as well as a large number of attractive exploration projects located mostly in Nevada."
	Gwen Preston, The Maven Letter (5/6/20) "We got word this week of a financing for Ely Gold Royalties Inc., one that will raise $10M by issuing 12.5M units; priced at $0.80, each unit will consist of a share and a half-warrant redeemable for $1 on a whole warrant basis for up to three years from closing. . .the dream is to get to cash flow positive from royalties and project payments and Ely is close, but the team also sees a lot of opportunity to keep growing."
	Mark Reichman, Noble Capital Markets (3/30/20) "We are initiating coverage on Ely Gold Royalties Inc. with an Outperform rating. It is an emerging gold royalty company with a growing asset portfolio that includes 43 royalties, including three that are producing. . .Ely Gold is well capitalized to fund its growth initiatives."
	Gwen Preston, The Maven Letter (2/5/20) "Ely Gold Royalties Inc. announced deals that add two important assets to its portfolio in recent days, and its share price jumped 10% in response. The first acquisition was the purchase of 75 patented mining claims in Nevada, known collectively as the Tonopah Extension claims. . .following on the heels of the Tonopah announcement came word that the company would buy a producing royalty on the Jerritt Canyon mine, which is also in Nevada."
	Thibaut Lepouttre, Caesars Report (12/6/19) "Ely Gold Royalties Inc. sold its Gold Bar claims to McEwen Mining which appears to be very interested in securing the whole area. . .as consideration for the sale, Ely Gold will receive 53,600 shares of McEwen Mining which will also reimburse an Ely subsidiary for in excess of CA$50K in claim fees and taxes. Ely will also retain a 2% net smelter return on both the patented and unpatented claims."
	Gwen Preston, The Maven Letter (11/27/19) "The investment thesis for Ely Gold Royalties Inc. remains on track; the company has closed multiple deals, optioning projects out and buying royalties, and it is set to collect $3M in royalty and deal payments in 2019. The company also arranged a $6M line of credit with Eric Sprott, which gives it the ability to go after bigger royalties should a good opportunity come along."
	Thibaut Lepouttre, Caesars Report (11/21/19) "Although Ely should still have a very healthy treasury (as we expect some of the CA$0.22 warrants that were issued as part of last year's placement will also be exercised, resulting in an additional cash inflow), it also entered into a line of credit agreement with Eric Sprott whereby the company will be able to draw down up to CA$6M in convertible debentures. . .although Ely doesn't really need the cash, it looks like it wanted to maintain a certain level of financial flexibility at a reasonable cost."
	Gwen Preston, The Maven Letter (11/10/19) "Ely Gold Royalties Inc. has sold or optioned several properties and will collect $3M in royalty and deal payments this year. Meanwhile, the company purchased four producing or near-term royalties, including a 2% net smelter returns royalty on the permitting stage Fenelon mine, a per ton royalty interest on the operational Jerritt Canyon processing facilities and a 1% royalty on the Lincoln Hill property owned by Coeur Mining."
Gwen Preston, The Maven Letter (9/4/19) "Ely Gold Royalties Inc. just keeps finding good projects and making good deals, and the market is starting to take note. . .the company also watches closely for claims that lapse and jumps on them. . .with cash from project deals and a stronger share price, Ely Gold is also on the hunt to buy a producing royalty, as that would put it in a position to start paying a dividend."
	Mickey Fulp, Mercenary Geologist (7/22/19) "If you are new to the Ely Gold Royalties Inc. story or did not act on my initial idea last year, this could prove to be a good entry point, in the low $0.20 range. Regardless, more royalty deals and property options are likely in the works, and therefore, we are aiming for another rerating of the company that could produce a double within the next 12 months."
	Gwen Preston, The Maven Letter (6/19/19) "Ely Gold Royalties Inc. is monetizing its assets while continuing to build out its robust royalty portfolio. Given the leverage that it offers on bullish precious metals markets, this is definitely a company we'll want to hold on to as those markets begin to hit their stride."
	Mickey Fulp, Mercenary Geologist (6/17/19) "The recent Sprott transaction will up Ely Gold Royalties Inc.'s working capital position to $3.6M in cash and tradable securities; that is an enviable number considering the ongoing bear market. With its large Western U.S. database, portfolio of over 70 properties, of which 50 are being explored by partners, and 33 deeded royalties with three currently producing, I opine that the company is well-positioned both now and in the future when commodity prices and the junior resource market recover."
	Gwen Preston, The Maven Letter (6/12/19) "Ely Gold Royalties Inc. has sold one of its royalties on Wallbridge Mining's Fenelon mine property in Quebec. The buyer? Eric Sprott, who has agreed to pay CA$1.67M for the 1% net smelter return royalty; the company will retain a 2% royalty on the mine."
Gwen Preston, The Maven Letter (5/8/19) "Ely Gold Royalties Inc. has officially added the 0.75% gross receipts royalty it previously announced with Gold Resource Corp. on the Isabella Pearl project in Nevada. The addition gives Ely its first producing royalty and brings its total property sales to Gold Resource since 2016 to $1.5M."
	Thibaut Lepouttre, Caesars Report (5/1/19) "Ely Gold Royalties Inc. has entered into a binding agreement with a third party to acquire a 1% net smelter return royalty on the Lincoln Hill property for $750K in cash. . .considering the average grade at Lincoln Hill is higher than the grade of its adjacent Rochester mine, we would expect Coeur to be very interested in bringing Lincoln Hill into production as fast as possible, in which case Ely's NSR royalty could start to bring in cash."
	Gwen Preston, The Maven Letter (4/24/19) "Ely Gold Royalties Inc. has added two nice royalties to its portfolio in the last week. The first is a 2% net smelter return (NSR) royalty on the Fenelon mine property in west-central Quebec. . .that was good news, but I would say the company bested itself with today's announcement: it bought a 1% NSR royalty on the Lincoln Hill property."

Experts Following This Company

	Gwen Preston, Founder – Resource Maven
	Mark Reichman, Managing Director, Senior Analyst - MLP – Noble Capital Markets
	Jay Taylor, Author – Gold, Energy & Tech Stocks

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