Altius Minerals Corporation and Lithium Royalty Corp. Complete Plan of Arrangement

Core Viewpoint - Altius Minerals Corporation has successfully completed the acquisition of Lithium Royalty Corp, marking a significant milestone in its strategy to diversify its portfolio of royalty assets in the natural resources sector [1][2]. Summary by Relevant Sections Transaction Details - The plan of arrangement was approved by 99.8% of LRC shareholders on February 26, 2026, and received final court approval on March 3, 2026 [1]. - Altius paid a total consideration of C$140,039,989.40 and issued 9,630,177 common shares to former LRC shareholders [1]. - Following the transaction, Altius has a total of 55,915,754 common shares outstanding [1]. Strategic Implications - The acquisition is expected to enhance Altius's portfolio, particularly in the lithium sector, which is poised for growth due to rising lithium prices [1][2]. - Altius aims to leverage the combined strengths of both companies to create value and strengthen its market position [1]. Shareholder Impact - Waratah Capital Advisors Ltd. acquired 7,805,234 common shares of Altius as a result of the transaction, representing approximately 14.0% of Altius's outstanding shares [1]. - The transaction will lead to the delisting of LRC from the Toronto Stock Exchange and its application to cease being a reporting issuer under Canadian securities laws [1]. Company Profiles - Altius Minerals focuses on creating per share growth through a diversified portfolio of royalty assets related to long-life, high-margin operations [2]. - Lithium Royalty Corp. has established a portfolio of 38 royalties in the lithium sector, aimed at benefiting from the electrification and decarbonization trends in the global economy [2].