Altius Minerals Corp. signs deal to buy Lithium Royalty Corp. for $520M
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$0 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*No charge for 4 weeks then price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.99/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19.95 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
*Your next subscription payment will increase by $1.00 and you will be charged $16.99 plus GST for four weeks. After four weeks, your payment will increase to $23.99 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
TORONTO – Altius Minerals Corp. has signed a deal to buy Lithium Royalty Corp. in a stock-and-cash deal valued at about $520 million.
Altius CEO Brian Dalton says the deal creates strong value for shareholders by adding a significant pipeline of operating, development and evaluation stage assets.
Under the agreement, Altius has agreed to pay $9.50 in cash or 0.24 of an Altius share for each Lithium Royalty share. The total amount of cash available under the offer is limited to one-third of the offer, while the number of shares available is capped at 11.5 million.
Lithium Royalty CEO Ernie Ortiz is expected to join Altius’s corporate development team following the closing of the transaction.
Shares in Lithium Royalty were up $1.97 at $9.30 in trading on the Toronto Stock Exchange after the deal was announced.
Altius already holds about an eight per cent stake in Lithium Royalty. The deal is subject to shareholder, regulatory and court approvals as well as customary closing conditions.
This report by The Canadian Press was first published Dec. 22, 2025.
Companies in this story: (TSX:ALS, TSX:LIRC)