공시 • Dec 22
Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million. Altius Minerals Corporation (TSX:ALS) entered into a definitive agreement to acquire Lithium Royalty Corp. (TSX:LIRC) for approximately CAD 300 million on December 22, 2025. The Agreed Price is payable by Altius at the shareholders’ election as CAD 9.50 in cash or 0.240 of a common share of Altius (the “Altius Shares”), subject to proration to ensure the aggregate cash consideration represents no more than 1/3 of the aggregate consideration and the share consideration represents no more than 11,500,000 Altius Shares. LRC shareholders who do not elect cash or Altius Shares (subject to proration) will receive default consideration of CAD 3.16 per LRC Share in cash and 0.16 Altius Shares per LRC Share. A break fee of CAD 23.4 million is payable to Altius by LRC under specified events including if the Arrangement Agreement is terminated as a result of a superior proposal and in the event the LRC Board changes its recommendation for shareholders to vote in favour of the Transaction
The transaction is subject to customary closing conditions including approval by receipt of any required regulatory approvals under the Competition Act and customary stock exchange approvals, approval of merger agreement by target board, approval of offer by target shareholders, customary non-solicitation provisions, subject to court approval and approval of a simple majority of the minority of the votes cast by holders of subordinate voting shares excluding Royal Capital limited partnership shareholders and any other shareholders required to be excluded in accordance with MI 61-101. The expected completion of the transaction is in first quarter of 2026.
McCarthy Tétrault LLP acted as legal advisor for Altius Minerals Corporation. Scotia Capital Inc. acted as financial advisor for Altius Minerals Corporation. 공시 • Mar 23
Lithium Royalty Corp. (TSX:LIRC) announces an Equity Buyback for CAD 7 million worth of its shares. Lithium Royalty Corp. (TSX:LIRC) announces a share repurchase program. Under the substantial issuer bid, the company will repurchase up to $7 million worth of its outstanding shares. The shares will be tendered at a price of not less than $4.50 per share and not more than $5.20 per share. The company intends to fund the offer through available cash on hand, which was recently supplemented following the closing of the company's partial sale of the Tres Quebradas royalty interest on March 19, 2025. All shares tendered at prices higher than the final purchase price will be returned to shareholders and the shares tendered at or below the selected price level will be bought at the purchase price. If the total number of shares validly deposited exceeds the maximum number of shares available for purchase, the company will first buy all shares from shareholders owning fewer than 100 shares (Odd Lot Holders) at the purchase price. Then, any remaining shares will be purchased on a pro rata basis from other shareholders, based on the number of shares they deposited, after accounting for the shares bought from Odd Lot Holders, with adjustments to avoid fractional shares. The bid will expire on April 30, 2025. As of March 20, 2025, the company had 55,555,041 shares issued and outstanding. 공시 • Mar 18
Lithium Royalty Corp., Annual General Meeting, May 28, 2025 Lithium Royalty Corp., Annual General Meeting, May 28, 2025. Reported Earnings • Nov 12
Third quarter 2024 earnings released: US$0.03 loss per share (vs US$0.028 loss in 3Q 2023) Third quarter 2024 results: US$0.03 loss per share (further deteriorated from US$0.028 loss in 3Q 2023). Net loss: US$1.64m (loss widened 3.8% from 3Q 2023). Revenue is forecast to grow 57% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Metals and Mining industry in Europe. 공시 • Nov 12
Lithium Royalty Corp. to Report Q4, 2024 Results on Mar 12, 2025 Lithium Royalty Corp. announced that they will report Q4, 2024 results on Mar 12, 2025 New Risk • Nov 10
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. 공시 • Sep 19
Winsome Resources Limited Announces the Completion of A Scoping Study for Its 100%-Owned Adina Lithium Project Located in Québec, Canada Winsome Resources Limited announced the completion of a scoping study for its 100%-owned Adina Lithium 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. Key Highlights of the Scoping Study: Low Start-Up Capital Cost of USD 260 Million – The Adina Project benefits from an estimated start-up capital cost of approximately USD 260 million, mainly due to Winsome’s ability to leverage the existing infrastructure at the nearby Renard mine, over which Winsome has secured an option to acquire out of insolvency. This exclusive option to repurpose and use the Renard facility offers significant cost savings to Winsome, avoiding the need to incur higher expected construction costs associated with a greenfield development at the Adina Project. The capital efficiency of this project positions Adina to potentially be one of the most attractive lithium projects in North America. Opportunity for Growth – The scoping study for the Adina Project contemplates mining 31.2Mt of indicated mineral resource from the total indicated mineral resource of 61.4Mt and 4.6Mt of inferred mineral resource from the total inferred mineral resource of 16.5Mt. Furthermore, Winsome anticipates upgrading its mineral resource estimate in the first half of 2025, providing potential growth to the mineral resource for the Adina Project. The scoping study assumes 1.7Mtpa of milled annual production for the Adina Project, below the 2.2 Mtpa nameplate capacity for the state-of-the-art fully-covered DMS-only processing facility at Renard. Upside to these study assumptions has the potential to increase the mine life and production throughput at the Adina Project. Competitive C1 Operating Cost of USD 598/t (FOB) and AISC of USD 693/t (FOB)– The Winsome scoping study estimates a C1 operating cost of USD 598 per tonne (FOB) of spodumene concentrate over the 17-year active production period of the Adina Project. Additionally, the scoping study contemplates using a simple dense media separation processing method, which Winsome expects will further reduce operating costs while enabling Winsome to produce a high-quality, coarse concentrate. Winsome’s study also forecasts All-In Sustaining Costs (AISC) averaging USD 693 per tonne (FOB) over the active production period for the Adina Project. This includes all expenses related to sustaining capital, mining, processing, and transportation costs. The estimated AISC highlights the potential for strong cash flow from the project, and suggests that the Adina Project has the potential to be financially resilient, even in fluctuating lithium commodity price environments. Creation of 600 Jobs in the Province of Québec – Winsome anticipates thatthe Adina Project will create approximately 600 jobs during its operational phase, and contribute to economic development and employment in the Eeyou Istchee James Bay region and the Province of Québec. Winsome has reiterated that it is committed to working closely with local stakeholders, including First Nations communities, to enable the project to deliver long-term benefits for the region. Meaningfully Positive Implications for LRC – Winsome’s scoping study for the Adina Project underscores the benefits of LRC’s strategy of targeting assets that are high-grade, low cost, with low levels of technical complexity. Winsome has referenced on page 14 of the scoping study that undiscounted gross royalty payments to LRC over the 21-year mine life have the potential to reach approximately US$300 million. The pit design in Winsome’s scoping study incorporated the 4.0% GOR royalty that LRC owns over the Adina Project. Reported Earnings • Aug 12
Second quarter 2024 earnings released: EPS: US$0.01 (vs US$0.016 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.01 (up from US$0.016 loss in 2Q 2023). Net income: US$266.0k (up US$1.15m from 2Q 2023). Revenue is forecast to grow 47% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Metals and Mining industry in Europe. 공시 • Aug 09
Lithium Royalty Corp. to Report Q3, 2024 Results on Nov 11, 2024 Lithium Royalty Corp. announced that they will report Q3, 2024 results on Nov 11, 2024 공시 • May 15
Lithium Royalty Corp. to Report Q2, 2024 Results on Aug 08, 2024 Lithium Royalty Corp. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 14
First quarter 2024 earnings released: US$0.02 loss per share (vs US$0.036 loss in 1Q 2023) First quarter 2024 results: US$0.02 loss per share (improved from US$0.036 loss in 1Q 2023). Net loss: US$1.06m (loss narrowed 39% from 1Q 2023). Revenue is forecast to grow 63% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Metals and Mining industry in Europe. Reported Earnings • Mar 28
Full year 2023 earnings released: US$0.09 loss per share (vs US$0.31 profit in FY 2022) Full year 2023 results: US$0.09 loss per share (down from US$0.31 profit in FY 2022). Net loss: US$5.04m (down 137% from profit in FY 2022). Revenue is forecast to grow 58% p.a. on average during the next 3 years, compared to a 1.1% growth forecast for the Metals and Mining industry in Europe. Board Change • Feb 15
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 3 independent directors. 4 non-independent directors. Lead Independent Director Liz Breen was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. New Risk • Jan 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 56% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 56% per year for the foreseeable future. Minor Risk Revenue is less than US$5m (US$4.8m revenue). Recent Insider Transactions • Jan 16
Executive Chairman of the Board recently bought €509k worth of stock On the 10th of January, Blair Levinsky bought around 93k shares on-market at roughly €5.45 per share. This transaction amounted to 46% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Blair has been a buyer over the last 12 months, purchasing a net total of €704k worth in shares. Recent Insider Transactions • Dec 07
Vice Chair & Executive VP of Technical recently bought €73k worth of stock On the 5th of December, Mark Wellings bought around 12k shares on-market at roughly €6.06 per share. This transaction amounted to 89% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Mark's only on-market trade for the last 12 months. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.03 loss per share (vs US$47.19 profit in 3Q 2022) Third quarter 2023 results: US$0.03 loss per share (down from US$47.19 profit in 3Q 2022). Net loss: US$1.58m (down 133% from profit in 3Q 2022). Revenue is forecast to grow 59% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. 공시 • Nov 15
Lithium Royalty Corp. to Report Q4, 2023 Results on Mar 27, 2024 Lithium Royalty Corp. announced that they will report Q4, 2023 results on Mar 27, 2024 New Risk • Oct 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (46% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.1% average weekly change). Profit margins are more than 30% lower than last year (259% net profit margin). Revenue is less than US$5m (US$2.3m revenue). 공시 • Oct 01
Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million. Lithium Royalty Corp. (TSX:LIRC) entered into a non-binding agreement to acquire NR Gold Corp. (TSXV:TNR) for CAD 15.2 million on September 25, 2023. As part of consideration, Lithium Royalty will pay CAD 0.08 for each share of TNR Gold. Recent Insider Transactions • Sep 01
VP of Legal & COO recently bought €82k worth of stock On the 30th of August, Philip de Panet bought around 10k shares on-market at roughly €8.25 per share. This transaction amounted to 57% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €196k. This was Philip de's only on-market trade for the last 12 months. Reported Earnings • Aug 18
Second quarter 2023 earnings released: US$0.016 loss per share (vs US$47.19 profit in 2Q 2022) Second quarter 2023 results: US$0.016 loss per share (down from US$47.19 profit in 2Q 2022). Net loss: US$887.0k (down 118% from profit in 2Q 2022). Revenue is forecast to grow 58% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. 공시 • Aug 17
Ontario Court Finds for Lithium Royalty Corp. Against Orion Resource Partners Lithium Royalty Corp. announced that the Ontario Superior Court of Justice released its decision in the matter of the litigation between LRC and Orion Resource Partners (“Orion”). The Ontario court ruled in LRC’s favour, finding that in January 2021 LRC entered into a binding and enforceable contract to buy an 85% interest in the Thacker Pass royalty from Orion for $18.7 million total consideration. The next step in the litigation will be the assessment of damages owing for the breach of contract by Orion. 공시 • Aug 15
Lithium Royalty Corp. to Report Q3, 2023 Results on Nov 14, 2023 Lithium Royalty Corp. announced that they will report Q3, 2023 results on Nov 14, 2023 공시 • Jun 13
Lithium Royalty Corp. Appoints Directors Lithium Royalty Corp. at its AGM, held on June 12, 2023, appointed Blair Levinsky, Ernie Ortiz, Mark Wellings, Elizabeth Breen, John Kanellitsas, Robert Tichio, Tamara Brown as directors. 공시 • May 16
Lithium Royalty Corp. to Report Q2, 2023 Results on Aug 14, 2023 Lithium Royalty Corp. announced that they will report Q2, 2023 results on Aug 14, 2023 
