Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Principal of Major U.S. Precious Metals Firm Assumes 19.9% Stake in Electric Royalties

CHARLOTTE, NC / ACCESSWIRE / April 10, 2023 / Stefan Gleason (the "Acquiror" or "Gleason") today announced that he is filing an early warning report in connection with his acquisition on the open market of additional shares of Electric Royalties Ltd. (TSXV:ELEC)(OTCQB:ELECF) ("Electric Royalties" or the "Company").

The Acquirer now beneficially owns or has control or direction over approximately 19.95% of the Company's issued and outstanding shares (on an as converted and partially diluted basis).

Stefan Gleason is a Charlotte-based entrepreneur who owns and leads several privately held businesses in the United States, including Money Metals Exchange LLC. Money Metals is one of the largest precious metals dealers and depositories in North America with 500,000 customers and approximately $1 billion in annual revenues.

"Electric Royalties already holds 21 royalties and several options across its nine target battery metals, with two royalties currently in production, one expected to begin production this quarter, and additional assets expected to begin producing cash flow in 2023 and 2024," said Gleason.

"I believe Electric Royalties offers an extremely compelling value proposition at its current market capitalization, as confirmed by independent analyst coverage. As the Company noted last week, roughly $520 million is being invested to advance these royalty assets at no cost to Electric Royalties, and I am confident the Company's management team can add additional cash-flowing royalties to the portfolio without issuing new shares," Gleason continued.

To that end, the Acquiror's family office, Gleason & Sons LLC, announced on January 25 it closed on a non-dilutive credit facility with an initial loan limit of C$2,000,000 to fund the Company's acquisition of new producing royalties, with additional credit capacity available to the Company if requested.

On April 6, 2023, Acquiror purchased 580,400 Company shares via the OTCQB (at a cost of C$220,552, or an average of $0.38 per share). Prior to April 6, the Acquiror held an aggregate of 17,791,633 Common Shares and 500,000 Warrant Shares, representing 19.335% of the issued and outstanding Shares on an as converted and partially diluted basis. After the purchases on April 6, the Acquiror held 18,372,033 Common Shares and 500,000 Warrant shares, or 19.949% of the issued and outstanding Shares on an as converted and partially diluted basis.

On December 5, 2022, the Acquiror previously filed a report under the early warning reporting rules of Canadian securities laws, disclosing that he beneficially owned or had control or direction over 16,011,593 Common Shares and 500,000 Warrant shares, at the time representing 17.547% of the Company's issued and outstanding Shares on an as converted and partially diluted basis. The Acquiror is filing this latest early warning report because he has now accumulated more than 2% of the Company's issued and outstanding Shares since his prior filing on December 5, 2022.

This early warning news release is issued under the early warning provisions of Canadian securities legislation, including National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the Early Warning Report will be filed at www.sedar.com.

For further information, contact:
Stefan Gleason
Gleason & Sons LLC
15720 Brixham Hill Avenue, #205
Charlotte, NC 28277
Tel: 208-577-2230
Email: Stefan.Gleason@GleasonSons.com
http://www.gleasonsons.com/

This release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address anticipated future events are forward-looking statements. Although the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements.

SOURCE: Gleason & Sons LLC



View source version on accesswire.com:
https://www.accesswire.com/748123/Principal-of-Major-US-Precious-Metals-Firm-Assumes-199-Stake-in-Electric-Royalties

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.