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Lithium Royalty Corp. Sells US$28 Million Partial Royalty of Tres Quebradas to Triple Flag Precious Metals
Dec 19, 2024•over 1 year ago
Contract Type
agreement
TorontoEnergy
Description
Lithium Royalty Corp. has entered a definitive agreement with Triple Flag Precious Metals Corp. to sell a 0.5% gross overriding revenue royalty over the Tres Quebradas lithium brine project in Catamarca, Argentina for a total cash consideration of $28 million. The company intends to use a portion of the sale proceeds to repurchase common shares and explore the use of a Substantial Issuer Bid.
Company Information
Company
Lithium Royalty
Location
Toronto, Ontario, Canada
About
Lithium Royalty Corp. is a company that focuses on the acquisition and management of a portfolio of royalties in the lithium sector. It is engaged in the investment in companies and projects involved in the extraction and processing of lithium. The firm is aimed at benefiting from the increasing demand for lithium, particularly in electric vehicle batteries. The corporation is listed on the Toronto Stock Exchange.
TorontoEnergy