Altius Minerals Corporation and Lithium Royalty Corp. Complete Plan of Arrangement
Altius transforms into a battery metal powerhouse following the strategic acquisition of Lithium Royalty Corp.
The most recent news (March 6, 2026) confirms the completion of the Plan of Arrangement to acquire Lithium Royalty Corp. (LRC). Altius issued 9,630,177 common shares and paid C$140,039,989 in cash to finalize the deal. This follows a series of strategic maneuvers in late 2025, including the sale of a 1% NSR on the Arthur Gold Project to Franco-Nevada for US$275 million and the acquisition of Orogen Royalties by Triple Flag, which netted Altius approximately C$92 million in total consideration. The LRC acquisition adds 37 royalties to Altius’s portfolio, including 4 in production and 12 at the advanced stage, significantly increasing exposure to lithium.
The impact is Material - Positive. This is a transformative period for Altius. By divesting a portion of its gold exposure at a massive premium (Arthur Gold Project), the company successfully recycled capital into a high-growth lithium portfolio without significant equity dilution. - Asset Diversification: The LRC acquisition adds immediate cash flow from assets like Grota do Cirillo and upcoming production from Mariana and Tres Quebradas. - Financial Strength: Despite the C$140M cash outlay for LRC, Altius remains exceptionally liquid. The Q3 2025 cash balance was over C$350M, bolstered by the US$250M upfront payment from Franco-Nevada. - Strategic Positioning: The Waratah Group now holds 14% of Altius, signaling strong institutional backing for this new "Base and Battery Metals" focus.
Altius Minerals is a diversified royalty company with a unique "Project Generation" (PG) business model. It creates royalties by funding early-stage exploration and then vending projects to partners for equity and retained royalties. - Flagship Exposure: Historically Potash (Saskatchewan) and Iron Ore (Labrador Iron Ore Royalty Corp). - Emerging Flagship: The "Arthur Gold Project" (Silicon/Merlin) in Nevada, operated by AngloGold Ashanti, where Altius retains a 0.5% NSR on a >16 Moz gold district. - New Pillar: The Lithium Royalty Corp portfolio, providing exposure to 37 lithium assets globally.