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M&A / Property

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

By The Northwire Desk — AI Analysis Mar 03, 2026 · 16:21 LIRC · 10.72 LITHIUM ROYALTY CORP. J
LIRC · Price

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.)

Read the original news release →

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