Altius Minerals Corporation Acquires Lithium Royalty Corp.

Altius Minerals Corporation entered into a definitive plan-of-arrangement agreement to acquire all outstanding shares of Lithium Royalty Corp. for total consideration of approximately C$520 million (C$9.50 per LRC share), payable at shareholders’ election as cash, Altius shares, or a mix subject to proration. The transaction is court- and shareholder-approval subject and is currently expected to close around March 2026.