Lithium Royalty Corp. (TSE:LIRC) has released an update.
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Despite a significant decline in spodumene concentrate prices, Lithium Royalty Corp. has reported an 85% increase in revenue for Q2 2024, thanks to volume growth and a low-cost business model that led to positive Adjusted EBITDA. The company anticipates further growth as three new projects in its portfolio are set to begin production in the second half of 2024.
For further insights into TSE:LIRC stock, check out TipRanks’ Stock Analysis page.