Northwire Canada EditionWednesday, November 11, 2026
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M&A / Property

Lithium Royalty Corp. Shareholders Approve Arrangement with Altius Minerals Corporation

By The Northwire Desk — AI Analysis Feb 26, 2026 · 18:48 LIRC · 11.07 LITHIUM ROYALTY CORP. J
LIRC · Price

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.)

Read the original news release →

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