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Lithium Royalty Corp. Bolsters Brazilian Holdings with New $1.5M Royalty Acquisition

Lithium Royalty Corp. (TSX: LIRC) has successfully sealed a deal to buy a 1.5% gross overriding revenue royalty from M4E Lithium Ltda., marking its third royalty in Brazil, a country leading in lithium production in the Americas. This acquisition elevates LRC’s royalty portfolio to 35.

Strategic Acquisition Enhances LRC’s Position

LRC’s strategic move taps into Brazil’s rich lithium resources, partnering with M4E, a key player with over 91,000 hectares in promising lithium districts. Ernie Ortiz, LRC’s CEO, highlighted Brazil’s fast-growing lithium market as a significant factor for this partnership.

M4E Set for Lithium Exploration Expansion

M4E, with LRC’s backing, plans to intensify exploration, aiming at drilling 15,000 meters by the end of 2Q24. The company targets key areas with confirmed spodumene presence, leveraging Brazil’s expedited permitting process to hasten development.

Lithium Royalty Corp.: A Global Lithium Royalty Leader

LRC stands out with a diversified portfolio of 35 royalties worldwide, focusing on lithium projects critical for electrification and decarbonization. The company’s adherence to responsible investment principles underscores its commitment to sustainable mining.

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