The Toronto Stock Exchange reports that Lithium Royalty Corp. will be delisted at the close on March 9, 2026. According to the TSX, Altius Minerals Corp. has acquired all of the issued and outstanding convertible common shares of Lithium Royalty (not listed) and Lithium Royalty shares, pursuant to a statutory plan of arrangement under Section 192 of the Canada Business Corporations Act.

Under the terms of the arrangement, holders of equity shares (other than registered equity shareholders who properly and validly exercised their dissent rights) were, prior to the election deadline, entitled to elect to receive for each share held and subject to the proration mechanics described below, either: (i) 0.240 common share of Altius (symbol ALS); (ii) $9.50 in cash; or (iii) if no choice was made, 0.160 Altius share and $3.166666 in cash.

Both all-cash consideration and all-share consideration are subject to proration, with the aggregate cash consideration capped at approximately $174-million and the aggregate share consideration capped at 11.5 million Altius shares. If the aggregate cash amount an equity shareholder is entitled to receive pursuant to the arrangement would otherwise include a fraction of one cent, then the total cash amount such equity shareholder shall be entitled to receive shall be rounded down to the nearest whole one cent. Equity shareholders who did not make an election prior to the election deadline were deemed to have elected the combination consideration. The combination consideration is fixed and will not be subject to proration.

The TSX notes that no fractional Altius shares will be issued pursuant to the arrangement. Where the total number of Altius shares to be issued to an equity shareholder as consideration under the arrangement would result in a fraction of an Altius share being issuable, the number of Altius shares to be issued to such equity shareholder shall be rounded down to the closest whole number and no consideration shall be paid in lieu of the issuance of a fractional Altius share.

To receive the consideration, registered equity shareholders who have not submitted a letter of transmittal and election form must complete and return the form, together with the share certificates and/or DRS advice representing their equity shares, to TSX Trust Company at its principal offices in Toronto.

For more information, see Lithium Royalty's management information circular dated Jan. 23, 2026. Also see the company's news release dated Feb. 26, 2026, for the final results of the consideration elections.