The GraveYard Shift

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North America's 'Newest Gold Royalty Company' Gaining Recognition

https://www.streetwisereports.com/article/2019/09/06/north-americas-newest-gold-royalty-company-gaining-recognition.html

Ely Gold Royalties Inc. (ELY:TSX.V; ELYGF:OTCQB) features a unique royalty generation model. The company holds a sizeable portfolio of resource properties in the Western United States—mostly Nevada—that it makes available to sell outright or through a four-year option contract. Once the buyer completes the payments, it owns outright 100% of the project, and Ely Gold retains a royalty on future production.

The buyer has no work commitments. If a buyer on a four-year option decides not to continue with the payments, the property is returned to Ely Gold.

Trey Wasser, Ely Gold's president and CEO, told Streetwise Reports, "Our model is much more scalable than the traditional joint venture model, as we have no property/exploration management responsibilities. This allows us to build a much larger portfolio that is constantly generating new royalties. It also allows us to keep our overhead very low and operate just like a royalty company. This keeps the company's cash flow positive. We, in turn, then can actively seek and purchase additional existing third-party royalties. This is how Ely Gold is transitioning into North America's newest gold royalty company."

Ely Gold's portfolio currently includes 33 deeded royalties, 21 properties optioned to third parties, and more than 20 properties available for optioning

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