Company Overview

Lithium Royalty Corp. is a Canada-based resource royalty company focused exclusively on the lithium sector, a critical input for electric vehicle batteries and energy storage systems. The company does not operate mines; instead, it generates revenue by acquiring and holding royalty interests and streaming agreements tied to lithium production and development projects operated by third-party mining companies. Its business model is designed to provide exposure to lithium price and volume upside while avoiding the operational, capital, and environmental risks typically associated with mining operations.

The company’s primary revenue drivers are royalties linked to lithium brine and hard‑rock projects, with assets spanning multiple development stages from exploration to production. Lithium Royalty Corp. positions itself as one of the first pure‑play lithium royalty companies globally, offering diversified exposure across operators, jurisdictions, and extraction methods. The company was incorporated in 2019 and went public on the Toronto Stock Exchange in 2023, following a period of private capital formation and asset acquisition aimed at building a globally diversified lithium royalty portfolio.

Business Operations

Lithium Royalty Corp.’s operations consist of identifying, acquiring, and managing a portfolio of lithium-focused royalty and streaming interests. Its revenue is derived from contractual payments based on a percentage of production revenue, fixed price participation, or volume-linked formulas from underlying lithium projects once they reach production. The company does not engage in exploration, development, or production activities, relying instead on partner operators to advance projects.

The company’s portfolio includes royalties on both lithium brine and hard‑rock spodumene assets, providing technological and geological diversification. Key counterparties include established and emerging lithium producers and developers. Lithium Royalty Corp. operates without physical mining assets, employees at mine sites, or direct exposure to operating costs, which is central to its royalty-based business model.

Strategic Position & Investments

Lithium Royalty Corp.’s strategy is centered on building a long‑duration, diversified royalty portfolio aligned with global electrification and decarbonization trends. Growth initiatives include acquiring new royalties in high‑quality lithium basins, expanding exposure to projects nearing production, and selectively investing in early‑stage assets with strong development partners. The company emphasizes disciplined capital allocation and risk mitigation through geographic and operator diversification.

Notable investments include royalty interests in projects operated by major lithium market participants and developers across the Americas and Australia. The company has also pursued acquisitions of royalty portfolios and individual royalty interests to scale its asset base. Its strategic focus remains tightly concentrated on lithium rather than broader battery metals, distinguishing it from multi‑commodity royalty peers.

Geographic Footprint

Lithium Royalty Corp. has a global investment footprint, with royalty interests located primarily in North America, South America, and Australia, which together represent the core of global lithium supply. The company is headquartered in Canada, reflecting its listing on the Toronto Stock Exchange and access to North American capital markets.

Its portfolio includes exposure to key lithium-producing and prospective regions such as the Lithium Triangle in South America, hard‑rock mining districts in Australia, and emerging lithium developments in the United States and Canada. While the company does not operate physical offices at project sites, its financial interests provide indirect participation in lithium supply chains serving global electric vehicle and battery manufacturers.

Leadership & Governance

Lithium Royalty Corp. is led by an executive team with experience in mining finance, royalty companies, and capital markets. The leadership’s strategic vision emphasizes disciplined growth, long‑term value creation, and leveraging the royalty model to provide lower‑risk exposure to lithium demand growth.

Key executives include:

• Jacob Tonsgard – Co‑Founder & Chief Executive Officer
• Adam Rosenkranz – Co‑Founder & President
• Ernie Steer – Chief Financial Officer
• David Deitz – Chief Investment Officer

The company is governed by a board of directors with backgrounds in resource investing, mining operations, and corporate governance, aligning oversight with its specialized royalty-focused strategy.