With global experience as a research analyst, business developer, and financial advisor as well as $2 billion in mining financing transactions throughout his career, Brendan Yurik is one of the most respected young leaders in the mining and metals industry. Today, he serves as the chief executive officer and director of Electric Royalties, Ltd., an emerging mining royalty company, headquartered in Vancouver, British Columbia.
Founded by Brendan in 2019, Electric Royalties is a privately held financing company that works with mining companies who are looking to develop their markets. They focus on financing mines that produce “electric” metals, which are set to benefit from a rise in demand as electric vehicle and battery production increases over the next decade. These commodities include lithium, vanadium, manganese, tin, graphite, cobalt, nickel, and copper. Since there is a lack of capital for mining, Electric Royalties offers financing opportunities in exchange for a percentage of the cash flow once the metals are mined.
Not only does Electric Royalties assist mining companies who could not otherwise finance their projects, but the company is also helping to perpetuate the Going Green Movement. By joining in the effort to produce more electric vehicles, rechargeable batteries, large scale energy storage, renewable energy generation technologies, and other applications, Electric Royalties is ultimately protecting the environment for future generations.
Another aspect that sets the company apart from others in the finance industry is its business model. According to Brendan, royalty companies have on average the highest revenues per employee even compared to the top companies in the S&P 500 because royalty companies do not require a large team, there are no holding costs associated with royalties and general and administrative costs can be kept low. Brendan considers their current business model an excellent arrangement, especially since renewable energy is the fastest growing energy sector, and the production capacity of electric vehicles and batteries is slated to significantly increase within the next ten years.
Prior to starting Electric Royalties, Brendan held multiple business development and mining financial advisory roles with Endeavor Financial, Cambrian Mining Finance Ltd., Northern Vertex Mining Corporation, and King & Bay West Management Corporation. He was also the founder and CEO of Evenor Investments Ltd., a financial advisory group to junior mining companies for alternative financing, debt, equity, and mergers and acquisitions.
Brendan is an alumnus of McGill University in Quebec where he studied finance and graduated with a bachelor’s degree in commerce. He is also proud to be a committee member of the Vancouver chapter of Hockey Helps the Homeless. This is his fourth year to serve on the committee, and they have successfully raised over $500,000 annually to help combat homelessness and support the homeless in Vancouver.
Founder, CEO, and Director
Electric Royalties, Ltd.
1040 West Georgia Street, 1500
Vancouver, British Columbia
V6E 4H1 Canada