Altius Minerals to Expand Portfolio with C$520 Million Lithium Royalty Deal

2025-12-24 12:30:00 ET

Altius Minerals (TSX:ALS,OTCQX:ATUSF) is making a bet on a lithium market recovery, agreeing to acquire Lithium Royalty (TSX:LIRC) in a C$520 million deal that will expand its exposure to battery metals.

Under a definitive agreement announced by the two companies, Altius plans to purchase all of the issued common and convertible common shares of Lithium Royalty for C$9.50 per share.

The amount will be paid as either C$9.50 in cash or 0.24 of a common Altius share, according to shareholders' election.

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