Electric Royalties Ltd (TSX-V:ELEC, OTC:ELECF) has announced the appointment of Stefan Gleason to its board of directors, effective December 11, 2023.
The royalty company said Gleason is president, CEO, and majority shareholder of Money Metals Exchange LLC, a privately held company that is among the largest precious metals dealers and depositories in North America with over C$1 billion in annual revenues.
"We thank Stefan Gleason, our largest shareholder, for his ongoing commitment to Electric Royalties and belief in our business model, and welcome him to the board of directors," Electric Royalties CEO Brendan Yurik said in a statement.
"We are particularly excited about the prospect of leveraging his extensive business experience to further enhance and accelerate the growth of the company," he added.
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 electrification of a variety of consumer products: cars, rechargeable batteries, large scale energy storage, renewable energy generation and other applications.