Altius acquires Lithium Royalty Corp. for total consideration of approximately C$520M
On March 6, 2026, Altius Minerals Corp. ("Altius") completed its definitive agreement to acquire all issued and convertible common shares of Lithium Royalty Corp. ("LRC") by way of a plan of arrangement for approximately C$520 million (C$9.50 per LRC share), payable in approximately C$173 million cash and C$347 million in Altius shares. Altius already holds an effective 8% interest in LRC. The common shares of LRC will be de-listed from the Toronto Stock Exchange and LRC will apply to cease to be a reporting issuer in Canada.
Altius, headquartered in St. John’s, Newfoundland and Labrador, is a mineral royalty company that acquires and manages royalties on mining and renewable energy projects, including copper, potash, battery metals, iron ore, and sustainability-focused assets in Canada and select international markets.
LRC is a lithium-focused royalty company organized in Canada, that specializes in lithium and critical minerals.
McCarthy Tétrault LLP is advising Altius with a team led by Eva Bellissimo that includes Claire Lehan, Chris Zawadzki, William Lee, Rob Legge, Meghan Noel, Rachel Cristofoli, Jennifer Sun (Business), Mike Dolson, Geneviève Lille, Tyler Warchola (Tax), Patrick Pengelly, Tish Lewis (Labour & Employment), Julia Miller (Pensions), Red Lasiste, Rachel Fox, Phil Paschali and Logan Dillion (Articling Students), and Erica Barrera (Law Clerk).
