Business
Lithium Royalty Corp Announces Additional Capital Raise and Strategic Investors
TORONTO, ON / ACCESSWIRE / January 12, 2021 / Lithium Royalty Corp "LRC" is pleased to an...
About this update from Altius Minerals Corporation
[{"type":"text","content":"Lithium Royalty Corp Announces Additional Capital Raise and Strategic InvestorsTORONTO, ON / ACCESSWIRE / January 12, 2021 / Lithium Royalty Corp \"LRC\" is pleased to announce that it has closed on US $70,669,843 of additional capital. As part of this raise, the Company is excited to welcome Riverstone Holdings LLC as a strategic investor in the Company. Riverstone Holdings LLC is a New York-based leading private markets asset management firm dedicated to real assets investing primarily in energy, power and infrastructure. Altius Minerals Corporation (TSX:ALS), a founding strategic investor in LRC, has made an additional investment in the Company. Altius Minerals Corporation is a St. John's-based diversified materials royalty investor, renewable power royalty investor and project generator.Waratah Capital Advisors Ltd, a Toronto-based absolute return investment manager with over CAD $2.4 billion in assets under management across market neutral, equity long short, long short ESG, income, thematic and specialty private equity strategies, is the founding shareholder and investment manager of Lithium Royalty Corp.Lithium Royalty Corp, under the leadership of Ernie Ortiz, continues to see attractive investment opportunities and plans to build on its current portfolio of irreplaceable energy transition materials royalties which provide direct exposure to the Electric Vehicle and Renewable Power Storage mega-trends. LRC looks forward to deploying these new funds towards additional battery-grade lithium projects of the highest quality and lowest cost globally and will selectively invest in other high-grade battery material royalties, which, like lithium, are key to current and future battery technology chemistries.In connection with the closing of this capital raise, we are excited to announce new members to the Board of LRC. The LRC Board will now be comprised of the following members:Blair Levinsky, Executive Co-Chair - Blair is a Co-Founder, President and CEO of Waratah. Waratah Advisors is an absolute return investment manager with over CAD $2.4 billion assets under management across market neutral, equity long short, long short ESG, income, thematic, and specialty private equity strategies.Mark Wellings, Executive Co-Chair - Mark has over 30 years of international experience in both the mining industry and mining finance sector. M...