Altius Minerals to Acquire Lithium Royalty Corp in C$520 Million Deal

Altius Minerals ( (TSE:ALS) ) has shared an announcement.

Altius Minerals has agreed to acquire all outstanding shares of Lithium Royalty Corp. in a C$520 million cash-and-share transaction that will add 37 lithium royalties, including four producing assets and a dozen advanced-stage projects, to its portfolio. The deal, struck at C$9.50 per LRC share and partly funded with approximately C$173 million in cash and the balance in Altius shares, is expected to significantly expand Altius’s exposure to the rapidly growing lithium market, enhance its long-term royalty revenue to an anticipated C$40–60 million annually by decade’s end, and deliver corporate synergies through integration of LRC’s networks and leadership, reinforcing Altius’s positioning in the broader battery and electricity value chain.

The most recent analyst rating on (TSE:ALS) stock is a Buy with a C$46.00 price target. To see the full list of analyst forecasts on Altius Minerals stock, see the TSE:ALS Stock Forecast page.

Spark’s Take on TSE:ALS Stock

According to Spark, TipRanks’ AI Analyst, TSE:ALS is a Outperform.

Altius Minerals’ strong financial performance, attractive valuation, and positive technical indicators contribute to a high overall score. The earnings call provided additional confidence with strategic guidance and asset sales strengthening the balance sheet. However, attention to net profit margins and cash flow conversion is advisable.

To see Spark’s full report on TSE:ALS stock, click here.

More about Altius Minerals

Altius Minerals Corporation is a Canadian resource royalty and project generation company focused on base and battery metals, as well as electricity-related commodities. It generates revenue by acquiring and managing royalty interests over a diversified portfolio of mining and energy assets, with an emphasis on long-life projects in lower-risk jurisdictions such as Canada, Australia and South America.

Average Trading Volume: 123,180

Technical Sentiment Signal: Buy

Current Market Cap: C$1.86B

See more data about ALS stock on TipRanks’ Stock Analysis page.