Financial HealthLIRC ended the period with $27.5m in cash and no debt.
Portfolio DiversificationRoyalty companies like LIRC offer equity investors diversified exposure to commodity prices while mitigating downside risk given limited exposure to operating and capital costs.
Strategic AcquisitionsLIRC has entered into an agreement to acquire a 1.5% Trailing Product Sales Fee royalty on the Goulamina lithium project in Mali operated by Ganfeng Lithium.