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Lithium Royalty Corp. Congratulates Power Metals on Offtake Agreement with Albemarle; Power Metals Reaffirms 2026 Production Target
Businesswire· 2025-12-12 20:18
Core Viewpoint - Lithium Royalty Corp. congratulates Power Metals Corp. on its cesium concentrate offtake agreement with Albemarle Corporation, highlighting the significance of this partnership in the critical minerals sector [1] Group 1: Company Overview - Lithium Royalty Corp. (TSX: LIRC) holds a 2.0% gross overriding royalty (GOR) on Power Metals' Case Lake project, indicating its financial interest in the project's success [1] - Albemarle Corporation (NYSE: ALB) is a leading critical mineral company with a market capitalization of US$16 billion, specializing in lithium and cesium [1] Group 2: Industry Context - The agreement between Power Metals and Albemarle underscores the growing demand for critical minerals, particularly cesium, in various industrial applications [1] - The partnership reflects the strategic importance of securing offtake agreements in the competitive landscape of the critical minerals market [1]