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Lithium Royalty Corp. ( (TSE:LIRC) ) has issued an announcement.
Lithium Royalty Corp. has announced its congratulations to Power Metals Corp. for securing a cesium concentrate offtake agreement with Albemarle Corporation, a leading global critical minerals producer. This agreement includes a prepayment of up to C$5 million, aiding Power Metals in meeting its 2026 production target at the Case Lake project. The project, which has a maiden inferred cesium mineral resource of 13,000 tonnes, is poised to contribute significantly to the cesium market, characterized by limited global production and high demand. The strategic partnership and low capital requirements position Power Metals as a potential near-term revenue contributor for LRC, highlighting the project’s importance in the critical minerals sector.
The most recent analyst rating on (TSE:LIRC) stock is a Buy with a C$7.00 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.
Lithium Royalty Corp.’s overall score reflects significant financial challenges with negative profitability and cash flow issues, despite a strong balance sheet. Technical indicators show stable short-term momentum but a longer-term downtrend. The negative P/E ratio and lack of dividend yield detract from its valuation appeal. Positive corporate events, including resilient market performance and a share buyback initiative, contribute positively to the score.
To see Spark’s full report on TSE:LIRC stock, click here.
More about Lithium Royalty Corp.
Lithium Royalty Corp. (LRC) operates in the critical minerals industry, focusing on acquiring royalties related to lithium and cesium projects. The company holds a 2.0% gross overriding royalty on the Case Lake project, which is significant for its cesium production potential.
Average Trading Volume: 15,731
Technical Sentiment Signal: Buy
Current Market Cap: C$395.5M
For a thorough assessment of LIRC stock, go to TipRanks’ Stock Analysis page.