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

2026-03-03 - 21:33

TORONTO -- Lithium Royalty Corp. (the “Company” or “LRC”) (TSX: LIRC) is pleased to announce that it has obtained a final order (the “Final Order”) from the Ontario Superior Court of Justice (Commercial List) approving the previously announced plan of arrangement under the Canada Business Corporations Act (the “Arrangement”), whereby Altius Minerals Corporation (“Altius”) will acquire all of the outstanding common shares and convertible common shares of LRC (the “LRC Shares”), for a choice of consideration per share of either, (i) 0.240 common shares of Altius (the “All Share Consideration”), (ii) C$9.50 in cash (the “All Cash Consideration”) or (iii) if no choice is made, 0.160 common shares of Altius and C$3.166666 in cash (the “Combination Consideration”). Receipt of the Final Order follows the Company’s special meeting of shareholders held on February 26, 2026, where the Arrangement was overwhelmingly approved by the shareholders of the Company. Read More