Lithium Royalty Corp. Announces Receipt of Final Court Approval for Plan of Arrangement with Altius Minerals Corporation

Executive Summary

• Ontario Superior Court approved Lithium Royalty Corp.’s plan of arrangement under which Altius Minerals will acquire all outstanding LRC shares.
• Shareholders overwhelmingly approved the arrangement at a special meeting on February 26, 2026.
• Closing is expected around March 6, 2026, after which LRC’s TSX listing will be terminated and it will cease to be a reporting issuer.

Key Details

• Final Order: Issued by Ontario Superior Court of Justice (Commercial List) confirming the Arrangement.
• Consideration Options per LRC share:
• All‑Share: 0.240 Altius common shares.
• All‑Cash: C$9.50 cash.
• Combination (default): 0.160 Altius shares + C$3.166666 cash.
• Special Shareholder Meeting: Held February 26, 2026; arrangement approved by a large majority.
• Closing Conditions: Subject to customary closing conditions or waivers in the Arrangement Agreement dated December 21, 2025.
• Anticipated Closing Date: On or about March 6, 2026.
• Post‑Closing Actions:
• LRC common shares to be delisted from the Toronto Stock Exchange.
• Application to Ontario Securities Commission for cessation as a reporting issuer.
• Reference Documents: Management Information Circular dated January 23, 2026 filed on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)