Lithium Royalty Corp

Lithium Royalty Corp, based in Canada, secures revenue royalties from lithium extraction projects across multiple continents. It supports the EV and renewable energy sectors, enhancing supply chain sustainability while mitigating operational risks.

Company Location

Country:

Canada

City:

Toronto, Ontario

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Company Overview

Lithium Royalty Corp (LRC) is a Canadian company focused on revenue royalties and streaming agreements in the lithium sector, securing net smelter return (NSR) and gross ore (GOR) royalties in extraction projects to gain exposure to lithium prices and production while avoiding operational and capital risks. Since its Toronto Stock Exchange IPO in 2023, LRC has built a geographically diversified portfolio across Australia, Brazil, Argentina, Canada and other countries. The company’s mission is to support the global shift to electric vehicles and renewable energy by enabling low-cost, efficient production of battery materials essential for decarbonization.

Battery Technology

Rather than developing battery components, LRC finances lithium extraction projects that supply lithium carbonate equivalent (LCE) and other compounds for lithium-ion batteries. Its portfolio includes Sigma Lithium’s Grota do Cirilo spodumene project and Ganfeng Lithium’s Mariana project, which employs Direct Lithium Extraction (DLE) technology for higher recovery rates and reduced environmental impact. LRC holds NSR and GOR royalties, including a GOR interest in the Seymour project in Ontario.

Products

LRC’s offerings consist of net smelter return (NSR) and gross ore (GOR) royalty interests in lithium extraction projects at various stages—operational, construction, exploration and development—providing investors with exposure to lithium production volumes and commodity prices without direct mining or manufacturing.

Recent Projects

In early 2024 LRC forecasted 233,000 LCE tonnes by 2024 (81% YoY increase). Key projects include the Mariana Project in Argentina (0.45% NSR royalty, 20,000 tpa lithium chloride), Sigma Lithium’s Grota do Cirilo in Brazil (0.90% NSR, 890 tpd peak production), the March 2025 partial sale of the Tres Quebradas royalty in Argentina for $28 million, and the GOR royalty on Ontario’s Seymour project following a positive preliminary economic assessment.

Investors

Founding investor Waratah Capital Advisors serves as investment manager. Riverstone VI LRC B.V. holds a 63.6% stake, Altius Minerals Corporation holds equity, alongside public institutional and individual shareholders. LRC’s IPO in 2023 on the Toronto Stock Exchange raised C$150M.

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