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Lithium Royalty Corp. Acquires a 1.0% Pre-Existing NSR Royalty on the Falcon West Property Owned and Operated by Grid Metals Corp.
LRC acquired a 1.0% pre-existing net NSR royalty on the Lucy claims at the Falcon West lithium&#x...
About this update from Grid Metals Corp.
[{"type":"text","content":"Lithium Royalty Corp. Acquires a 1.0% Pre-Existing NSR Royalty on the Falcon West Property Owned and Operated by Grid Metals Corp.\n\n\n .bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadl0 { padding-left: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth20 { width: 20% }\n.bwwidth80 { width: 80% }\n \n\n\n\n\n\n LRC acquired a 1.0% pre-existing net NSR royalty on the Lucy claims at the Falcon West lithium‑cesium project in Manitoba\n \n\n\n\n Increases LRC’s portfolio to 37 royalties, enhancing exposure to lithium and other critical metals\n \n\n\n\n The Falcon West property hosts a historical non-compliant resource of 226,800 tonnes at 1.75% Li\n \n 2\n \n O on the Lucy pegmatite\n \n 1\n \n\n\n\n\n Grid Metals is completing approximately 70-drill holes on the Lucy pegmatite to define the potential for cesium on the property\n \n 2\n \n\n\n\n\n Grid Metals’ recent drill results have shown Cs\n \n 2\n \n O grades of 14% within the pollucite-rich portion of the deposit\n \n 2\n \n\n\n\n\n Cesium carbonate currently trades at US$218,000/tonne, as per Shanghai Metals Market (SMM)\n \n\n\n\n\n\n Lithium Royalty Corp. (TSX: LIRC) (“LRC”) announced today that it has acquired a 1.0% net smelter revenue (“NSR”) royalty from a third party on the Lucy group of claims at the Falcon West property in Manitoba held by Grid Metals Corp. (TSXV: GRDM) (“Grid Metals”). Grid Metals originally acquired the Lucy claims in 2022 from that third party, for consideration that included granting a royalty on the Lucy claims, a portion of which has now been purchased by LRC from the third-party holder.\n \n\n “The Lucy pegmatite NSR acquisition is an exciting complement to our industry-leading lithium royalty portfolio and the strategic position we already enjoy in the cesium, tungsten, silica quartz (feedstock to silicon metal), and borates. LRC’s industry-leading lithium exposure will benefit from the broader critical mineral exposure that the Lucy pegmatite brings. The cesium potential at the Lucy pegmatite offers the potential for low capital ex...