On March 21, 2019, BatteryOne Royalty Corp. announced that it had completed its previously acquisition of a portfolio of royalties from Pacific Empire Minerals Corp. ("PEMC") on projects located in the British Columbia copper belt. The portfolio includes a 1.0% net smelter returns ("NSR") royalty on all metals and minerals produced from PEMC's Copper King, NUB East, NWT projects, and the right to acquire a 1.0% NSR on the Pinnacle Reef project.
BatteryOne is a private royalty company focused on nickel and copper deposits, which it sees as central to the continuing development of electric vehicles and the broader electrification thesis.
Gowling WLG advised BatteryOne with respect to this acquisition with a team that included Denis Silva and Aneeka Sandher (corporate), Chris Colonval (financial services), assisted by student-at-law Kean Silverthorne.
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