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An update from Lithium Royalty Corp. ( (TSE:LIRC) ) is now available.
Altius Minerals Corporation and Lithium Royalty Corp. have completed their court-approved plan of arrangement, under which Altius acquired LRC through a mix of 9.63 million Altius shares and C$140 million in cash, expanding Altius’s royalty portfolio into lithium and bringing LRC’s chief executive Ernie Ortiz into its management team. LRC’s shares will be delisted from the Toronto Stock Exchange and it will cease to be a reporting issuer, while Waratah Capital Advisors’ affiliated funds emerged with a 14% stake in Altius via consideration shares, underscoring a significant new shareholder presence and reinforcing Altius’s strategic push into battery metals royalties.
Altius will make joint tax elections with eligible former LRC shareholders who received share consideration, providing potential tax planning flexibility for investors as the combined business pursues growth in the lithium segment. The transaction caps LRC’s multi-year effort to build a 38-royalty portfolio in the lithium sector and marks a new phase for Altius as it deepens its exposure to the electric-vehicle supply chain and broadens its base of institutional investors.
The most recent analyst rating on (TSE:LIRC) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Lithium Royalty Corp. stock, see the TSE:LIRC Stock Forecast page.
Spark’s Take on TSE:LIRC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LIRC is a Neutral.
The score is primarily held back by weak profitability and ongoing cash burn despite strong revenue growth, while a very strong balance sheet provides financial flexibility. Technicals show a strong uptrend but are overbought, and valuation support is limited due to negative earnings. Recent earnings updates and corporate events are constructive, including first revenue from a key project, a new producing royalty, and a takeout deal at a premium.
To see Spark’s full report on TSE:LIRC stock, click here.
More about Lithium Royalty Corp.
Altius Minerals Corporation is a Canadian company that builds and manages portfolios of royalties linked to long-life, growth-oriented natural resource projects. Lithium Royalty Corp. is a lithium-focused royalty company that has assembled a diversified portfolio of high-grade, low-cost lithium royalties positioned to benefit from the sector’s long-term demand growth.
Average Trading Volume: 21,666
Technical Sentiment Signal: Buy
Current Market Cap: C$570.7M
Find detailed analytics on LIRC stock on TipRanks’ Stock Analysis page.