• LRC rebalances portfolio with partial sale of Tres Quebradas royalty, supplementing cash for new acquisitions and share repurchases

Lithium Royalty Corp. (TSX: LIRC) is pleased to announce that it has completed the partial sale of its Tres Quebradas royalty to Triple Flag Precious Metals Corp. and has received total cash consideration of $28 million, originally announced on December 17, 2024.

Ernie Ortiz, LRC’s President and CEO said, “This transaction allows LRC to rebalance its portfolio, replenish its balance sheet, and sell only a portion of a royalty for a substantial premium over the value embedded in our share price. We look forward to continuing to build our portfolio with attractive new royalties and will continue to evaluate capital allocation options, including share buybacks.”

The proceeds from the transaction will be used to acquire additional royalties, share repurchases and/or for general corporate purposes. The gross proceeds represent approximately 12% of the current market capitalization of the Company. LRC originally acquired an aggregate 1.0% royalty on the Tres Quebradas project in July 2018, at that time owned and operated by Neo Lithium Corp., for an aggregate cost of $14 million. LRC subsequently acquired a further 0.5% royalty interest for an acquisition cost of approximately $27.5 million in July 2023.

Stikeman Elliott LLP acted as legal counsel to Lithium Royalty Corp.

LRC also confirms that its annual financial statements and management’s discussion and analysis for the 2024 fiscal year will be filed on SEDAR+ today.

About Lithium Royalty Corp.

LRC is a lithium-focused royalty company organized in Canada, which has established a globally diversified portfolio of 35 revenue royalties on mineral properties that are related to the electrification and decarbonization of the global economy. The Company’s royalty portfolio is focused on the battery supply chain for the transportation and energy storage industries and is underpinned by mineral properties that produce or are expected to produce lithium and other battery materials. LRC is a signatory to the Principles for Responsible Investment; the integration of ESG factors and sustainable mining are considerations in our investment analysis and royalty acquisitions.