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Lithium Royalty Corp Acquires New Brazilian Royalty for $1.5M

Lithium Royalty Corp. (TSX: LIRC) has signed a deal to buy a 1.5% gross overriding revenue royalty on M4E Lithium Ltda.’s land claims in Brazil for $1.5 million. This purchase increases LRC’s total royalties to 35.

Lithium Royalty Corp’s Strategic Investment in Brazil

LRC’s investment in M4E marks its third royalty in Brazil, positioning it in a leading lithium-producing region. Ernie Ortiz, President and CEO of LRC, celebrates this move, highlighting Brazil’s prominence as a spodumene producer and M4E’s significant exploration potential across 91,000 hectares in key districts.

M4E Lithium Ltda.’s Exploration Progress

M4E plans to drill 15,000 meters across vital targets by 2Q24, with preliminary drilling confirming high-grade spodumene presence. The company aims to announce a preliminary mineral resource by mid-2025, supported by LRC’s funding.

Boosting Brazilian Lithium Production

Brazil’s lithium sector is set to expand with this partnership. The nation’s efficient permitting regime and high-grade lithium resources offer a competitive advantage, potentially fast-tracking M4E from exploration to development.

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