Articles from Lithium Royalty Corp.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) announced today that, in connection with the Company’s ongoing substantial issuer bid (the “Offer”), the Ontario Securities Commission has granted an order (the “Relief Order”) permitting the Company to extend the Offer, if it determines to do so, without first taking up any common shares of the Company (the “Shares”) previously deposited. For technical reasons, the Offer could not be extended without the Relief Order.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company) announces today that it will be undertaking a substantial issuer bid (the “Offer”), pursuant to which the Company will offer to purchase up to C$7 million in value of its outstanding common shares (the “Shares”) from holders of Shares (the “Shareholders”) for cash, at a single price per Share of not less than C$4.50 per Share and not more than C$5.20 per Share, determined pursuant to a “modified Dutch auction” process (the “Purchase Price”). The Offer is expected to commence on or about March 25, 2025 and remain open for acceptance until 5:00 p.m. (Toronto time) on or about April 30, 2025, unless extended, varied or withdrawn by the Company (the “Expiration Date”).

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to announce that it has completed the partial sale of its Tres Quebradas royalty to Triple Flag Precious Metals Corp. (“Triple Flag”) and has received total cash consideration of $28 million, originally announced on December 17, 2024.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) announces its fourth quarter and annual 2024 revenue results.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to announce that the Company has entered a definitive agreement with Triple Flag Precious Metals Corp. and it’s wholly-owned subsidiary TF R&S Canada Ltd. (“Triple Flag”) to sell a 0.5% gross overriding revenue royalty over the Tres Quebradas lithium brine project in Catamarca, Argentina to Triple Flag for total cash consideration of $28 million. Following this transaction, the Company will continue to hold a net aggregate 0.9% gross overriding revenue royalty over the Tres Quebradas project.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is reporting its third quarter results for 2024. “The continued decline in lithium prices resulted in lower revenue in the quarter compared to last quarter. Additionally, Core Lithium, which is assessing a restart, did not sell any material in the quarter. We were also impacted by the continued impact of negative quotational period adjustments from an operator, which results when a contract includes pricing adjustments subsequent to shipments and price declines.

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is pleased to report that Winsome Resources Limited (“Winsome”) announced the completion of a scoping study for its 100%-owned Adina Lithium Project (the “Adina Project”) located in Québec, Canada. The study highlights the Adina Project as one of the most capital-efficient hard-rock lithium projects in North America. The scoping study is a significant milestone for Winsome and for the 4.0% gross overriding revenue royalty (GOR) that LRC owns over the Adina Project.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to report its second quarter results for 2024. “LRC continues to benefit from its diversified royalty exposure as we were able to nearly double revenue compared to last year, despite spodumene concentrate prices declining by more than 70%. This diversification should only grow as three projects in the LRC portfolio are expected to start production in 2H24. LRC is prudently managing its SG&A expenses and is continuing to evaluate additional royalty opportunities,” stated LRC’s CEO, Ernie Ortiz.

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) announces today that the Toronto Stock Exchange (TSX) has accepted a notice filed by LRC of its intention to renew its existing normal course issuer bid (“NCIB”) that expires July 9, 2024.

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) announced the successful election of each of the director nominees listed in the management proxy circular for the Annual Meeting of Shareholders held today. The detailed voting results are set out below:

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to report its first quarter results for 2024. “The beginning of 2024 presented the industry with the most challenging conditions faced in the last two years, with a year-on-year lithium price decline of 81% through the end of the quarter. However, lithium prices appeared to reach a bottom during the quarter with prices firming up in March. Current market prices for spodumene are trading approximately 25% higher than the lows seen in January and February this year as demand signals continue to firm up led by growth from China.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to report its fourth quarter results for 2023. “2023 was a milestone year for Lithium Royalty Corp. as the Company completed the only initial public offering in Canada and acquired 6 royalties following the IPO. A substantial portion of the capital we deployed in 2023 was in advanced projects that are expected to deliver cash flow in 2024. In 2023, not only did we deploy a record amount of capital, we were also one of the busiest royalty companies in the world. LRC was able to benefit from its unique competitive advantage in the lithium sector to deploy capital in challenging lithium market conditions. LRC now holds 35 royalties around the world, highlighting the diversity of its portfolio and the catalyst-rich production and development timelines within our portfolio companies,” stated LRC’s CEO, Ernie Ortiz.

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) has entered into an agreement to acquire a newly created 1.5% gross overriding revenue (GOR) royalty on the land claims held by M4E Lithium Ltda. (“M4E”), a private lithium explorer focused on Brazilian hard rock lithium deposits. The land claims are positioned across Brazil in known lithium and pegmatite districts such as Minas Gerais, Borborema, Ceara and Tocantins.

Lithium Royalty Corp. (TSX: LIRC) (“LRC” or the “Company”) is pleased to report on the successful conclusion of its inaugural year as a public company, following its initial public offering in March 2023, with an update on key developments in 2023 through into 2024.

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is announcing that it is withdrawing its intention to propose an all-cash offer to acquire all of the common shares of TNR Gold (TXSV: TNR) (“TNR”).