Lithium Royalty Corp. Shareholders Approve Arrangement with Altius Minerals Corporation

Executive Summary

• Shareholders approved the plan of arrangement whereby Altius Minerals Corp. will acquire all outstanding common and convertible shares of Lithium Royalty Corp. (LRC).
• The transaction offers shareholders a choice of consideration: 0.240 Altius shares, C$9.50 cash, or a default mix of 0.160 Altius shares plus C$3.166666 cash per LRC share.
• Closing is expected around March 6, 2026 pending court approval and customary closing conditions.

Key Details

• Voting Results: 99.806% of all shareholder votes in favour (52,606,530 for; 102,500 against). Minority approval also met with 99.525% in favour.
• Consideration Election Update: Preliminary aggregate consideration to be paid ≈ 9.63 million Altius common shares and ≈ C$140 million cash. No pro‑ration expected for all‑share or all‑cash elections.
• Closing Timeline: Anticipated closing on or about March 6, 2026; final court order hearing scheduled for March 3, 2026 (10:30 a.m. Toronto time).
• Court & Conditions: Closing subject to the Ontario Superior Court’s Final Order and satisfaction/waiver of customary conditions in the Arrangement Agreement dated December 21, 2025.
• Action Required for Shareholders: Un‑elected shareholders must complete and return the transmittal letter with share certificates or DRS advices to receive default consideration (0.160 Altius shares + C$3.166666 cash per share).

Notable Quotes

(No direct quotes provided in the release.)