Business
Lithium Royalty Corp. Announces Receipt of Final Court Approval for Plan of Arrangement with Altius Minerals Corporation
TORONTO, March 03, 2026--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
About this update from Altius Minerals Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1364,"height":406,"url":"https://media.zenfs.com/en/business-wire.com/6af79991a064d904b2dc9007ed68e8f4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/9wDsybkzopKdjqq7YLAOew--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI4NjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/6af79991a064d904b2dc9007ed68e8f4","width":960,"height":286},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/Fu4Q8LwTdJK0KViV3NN4Zw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD03MTQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/6af79991a064d904b2dc9007ed68e8f4","width":1200,"height":357}},"lazy":false},{"type":"text","content":"TORONTO, March 03, 2026--(BUSINESS WIRE)--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.","length":1084,"tagName":"p"},{"type":"text","content":"Subject to the satisfaction or waiver of customary closing conditions in the arrangement agreement dated December 21, 2025 (the "Arrangement Agreement"), the parties currently anticipate that the closing of the Arrangement will occur on or about March 6, 2026.","length":270,"tagName":"p"},{"type":"text","content":"Following completion of the Arrangement, it is anticipated that the common shares of the Company will be de-listed from the Toronto Stock Exchange, and the Com...