Significant Revenue Growth
Revenue for the quarter was $417,000, marking an 86% increase compared to the same period last year.
Tres Quebradas Project Milestone
Zijin Mining started production at the Tres Quebradas lithium project in Argentina, contributing to LRC's first revenue from this asset.
Strong Pipeline and Strategic Acquisitions
LRC acquired a 1.25% net smelter return royalty on the Fox tungsten asset, enhancing the portfolio's diversification.
Robust Lithium Demand
LRC estimates lithium demand is on track to grow by over 25% in 2025, driven by electric vehicles and energy storage sectors.
Positive Market Developments
The fourth quarter of 2025 is expected to be the first quarter of positive year-on-year price growth in spodumene concentrate since LRC's IPO.