Altius Minerals Corporation Acquires Lithium Royalty Corp for

Altius Minerals Corporation has acquired Lithium Royalty Corp (TSE: LIRC) for $520.0 million, marking a significant expansion for the diversified royalty and streaming company. This transaction sees Altius taking full ownership of Lithium Royalty Corp, integrating its specialized portfolio into Altius's existing operations.

Lithium Royalty Corp (TSX: LIRC) is a Canadian-based lithium-focused royalty company. Its portfolio comprises diversified royalties on mineral properties worldwide, with investments strategically aimed at supplying raw materials crucial for the electrification and decarbonization of the global economy. Recognizing lithium's vital role in electric vehicle batteries, LIRC's royalty assets are underpinned by mineral properties that produce or are expected to produce lithium and other battery minerals essential for the transportation industry's battery supply chain.

The acquisition is a strategic move for Altius Minerals, providing immediate and substantial exposure to the rapidly growing critical battery minerals sector. By integrating LIRC's focused lithium royalty assets, Altius diversifies its existing mineral royalty portfolio and strengthens its position within the energy transition metals space. This move is expected to leverage Altius's established expertise in royalty management and portfolio growth, enhancing the value proposition of the combined entity.

Expected synergies include a more robust and diversified asset base, better positioning the combined company to capitalize on the increasing global demand for critical minerals. The acquisition underscores Altius's commitment to expanding its footprint in future-facing commodities. The unified entity is anticipated to achieve enhanced scale and market presence within the global royalty sector, driving long-term value through a broader and more resilient portfolio of mineral interests.