Lithium Royalty sees Tres Quebradas mine start output

Executive Summary

• Lithium Royalty Corp. congratulates Zijin Mining on the commencement of production at the Tres Quebradas lithium project in Argentina.
• Phase 1 is now producing ~20,000 tpa LCE; Phase 2 expansion is planned to add another 40,000 tpa, targeting a total capacity of 60,000‑80,000 tpa.
• LRC holds a 0.9% gross overriding royalty on the project, providing direct exposure to current production and future growth.

Key Details

• Tres Quebradas lithium project (Catamarca, Argentina) entered commercial production in Q1 2026 – third lithium mine operating in the province.
• Zijin Mining acquired the asset in February 2022 for approximately $960 million and has invested > $600 million in capital expenditures to bring it online.
• Phase 1 capacity: 20,000 tonnes per annum (tpa) of lithium carbonate equivalent (LCE).
• Planned Phase 2 expansion: additional 40,000 tpa LCE, raising total potential capacity to 60,000‑80,000 tpa once fully operational.
• Lithium Royalty Corp. holds a 0.9% net gross overriding royalty (GOR) on the Tres Quebradas project, giving it direct exposure to production volumes and future expansion.
• CEO Ernie Ortiz highlighted that the milestone supports LRC’s “attractive organic growth profile” and anticipates further key developments across its royalty portfolio in upcoming quarters.

Notable Quotes

“This milestone is not only significant for Zijin but also for LRC. We anticipate further key developments across our royalty portfolio over the coming quarters, which will underpin LRC's attractive organic growth profile for years to come.” – Ernie Ortiz, President & CEO, Lithium Royalty Corp.