LRC

Lithium Royalty Corp. Reports Q4 2023 Results

Retrieved on: 
Wednesday, March 27, 2024
Mining, Minerals, Natural Resources, Lithium, EV, Cell, Biophysical environment, Thacker Pass Lithium Mine, SC6, Finniss Lithium Project, LCE, LFP, Bank statement, PEA, Bloomberg L.P., Cost, LOM, Core, LRC, Tres Quebradas, Atlas, EVS, SMM, Battery electric vehicle, Plug-in, Interim, PHEV, NPV, Sigma, Annual report, Hybrid, Economics, BYD, Growth, BEV, COMEX, Shanghai Metals Market, CFO, GT1, NSR, Root, Lithium oxide, ESS

Atlas Lithium Das Neves Royalty: In December 2023, Atlas Lithium announced that it was fully funded to develop Phase 1 of its Das Neves project, which Atlas is targeting to produce 150,000 tpa of spodumene concentrate.

Key Points: 
  • Atlas Lithium Das Neves Royalty: In December 2023, Atlas Lithium announced that it was fully funded to develop Phase 1 of its Das Neves project, which Atlas is targeting to produce 150,000 tpa of spodumene concentrate.
  • Atlas Lithium has secured $50 million in funding through partnerships with lithium converters Chengxin Lithium and Sichuan Yahua.
  • LRC estimates that the global lithium market grew by approximately 28% in 2023, with the lithium market approaching almost 1Mt of lithium carbonate equivalent (LCE).
  • SMM reports that spodumene concentrate prices in 2023 averaged $3,610/tonne CIF (Cost, Insurance, and Freight) China, with lithium carbonate prices during 2023 averaging approximately $36,000/tonne.

M4E Lithium Secures $7.5M to $10M Funding to Accelerate Brazilian Lithium Exploration

Retrieved on: 
Thursday, March 14, 2024
Environment, Technology, Other Energy, Sustainability, Alternative Energy, Other Natural Resources, Energy, Mining, Minerals, Batteries, Natural Resources, Lithium, LRC, Partnership, Metal, Electrification, Climate change mitigation

M4E Lithium (“M4E”), a lithium exploration company focused on Brazilian, closed a financing package with Lithium Royalty Corp. and the Electrification and Decarbonization fund (“Waratah E&D Fund”) managed by Waratah Capital Advisors.

Key Points: 
  • M4E Lithium (“M4E”), a lithium exploration company focused on Brazilian, closed a financing package with Lithium Royalty Corp. and the Electrification and Decarbonization fund (“Waratah E&D Fund”) managed by Waratah Capital Advisors.
  • This investment validates M4E’s strong potential and significantly advances exploration across M4E’s expansive 91k hectares of mining rights in the prolific Lithium Valley and Borborema regions of Brazil.
  • An additional $2 million payment will be triggered upon confirmation of a minimum tonnage of lithium resources by M4E.
  • “This partnership with LRC and the Waratah E&D Fund is a game-changer for M4E,” said Sergio Castanho, CEO of M4E.

Lithium Royalty Corp. Acquires Third Royalty in Brazil

Retrieved on: 
Monday, March 11, 2024
Environment, Other Transport, Transport, Automotive Manufacturing, Sustainability, Alternative Energy, Manufacturing, Energy, Mining, Minerals, Natural Resources, LRC, Aura Minerals, Partnership, Atlas, Acquisition, LIRC, Local, TSX, Investment, Lithium oxide, Anglo American, Western world, Hand, AngloGold Ashanti, Resource, Lithium

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) has entered into an agreement to acquire a newly created 1.5% gross overriding revenue (GOR) royalty on the land claims held by M4E Lithium Ltda.

Key Points: 
  • Lithium Royalty Corp. (TSX: LIRC) (“LRC”) has entered into an agreement to acquire a newly created 1.5% gross overriding revenue (GOR) royalty on the land claims held by M4E Lithium Ltda.
  • LRC has been an early and consistent supporter of the most prospective lithium projects in the country, having partnered with Sigma Lithium in 2018 and Atlas Lithium in 2023.
  • M4E is an Emerging Lithium Explorer: M4E holds one of the largest lithium exploration packages in Brazil, covering over 91,000 hectares across the Lithium Valley in Minas Gerais, Borborema, Ceara and Tocantins region.
  • Brazil to Continue to Expand its Leading Position in Lithium: Brazil is currently the largest hard rock lithium producer in the Americas, with three producers of spodumene concentrate.

IDTechEx Reports on Hydrogen's Decade Ahead: Energizing the Future

Retrieved on: 
Monday, January 15, 2024
Hydrogen, Methanol, Pipeline, Research, LH2, Air Products, AWE, Chiyoda Corporation, Electricity, LOHC, CHP, KOH, Steel, Uniper, DRI, SMR, Growth, CO2, Bev, LCOH, Aviation, Renewable energy, Heat, Policy, Climate change mitigation, LRC, Transport, Kawasaki Heavy Industries, Linde, Nickel, PGM, Toyota, Ammonia, Atmospheric pressure, Investment, Hyundai, Nafion, PEM, Plant, Iridium, Iron, Natural gas, Port, HESC, Traction, Suiso Frontier, CCUS, Shaheen Foundation, Methane, Distribution, Nexø, Platinum, Mirai, ATR, Air Liquide, POX, Daimler Truck

IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.

Key Points: 
  • IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.
  • However, IDTechEx predicts AWE and PEMEL will lead the market in the coming decade due to their established presence.
  • Major steelmaking companies view this as the future of sustainable steel, anticipating it to replace carbon-intensive blast furnace processes.
  • IDTechEx offer access to the full portfolio of energy related research through bespoke subscription services – visit www.IDTechEx.com/Energy to find out more.

IDTechEx Reports on Hydrogen's Decade Ahead: Energizing the Future

Retrieved on: 
Monday, January 15, 2024
Hydrogen, Methanol, Pipeline, Research, LH2, Air Products, AWE, Chiyoda Corporation, Electricity, LOHC, CHP, KOH, Steel, Uniper, DRI, SMR, Growth, CO2, Bev, LCOH, Aviation, Renewable energy, Heat, Policy, Climate change mitigation, LRC, Transport, Kawasaki Heavy Industries, Linde, Nickel, PGM, Toyota, Ammonia, Atmospheric pressure, Investment, Hyundai, Nafion, PEM, Plant, Iridium, Iron, Natural gas, Port, HESC, Traction, Suiso Frontier, CCUS, Shaheen Foundation, Methane, Distribution, Nexø, Platinum, Mirai, ATR, Air Liquide, POX, Daimler Truck

IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.

Key Points: 
  • IDTechEx anticipates SMR, POX, and ATR to lead the blue hydrogen sector in the coming decade, with ATR potentially dominating new production capacity by 2034.
  • However, IDTechEx predicts AWE and PEMEL will lead the market in the coming decade due to their established presence.
  • Major steelmaking companies view this as the future of sustainable steel, anticipating it to replace carbon-intensive blast furnace processes.
  • IDTechEx offer access to the full portfolio of energy related research through bespoke subscription services – visit www.IDTechEx.com/Energy to find out more.

Lithium Royalty Corp. Provides 2023 Recap

Retrieved on: 
Monday, January 8, 2024
Mining, Minerals, Natural Resources, Lithium, Biophysical environment, Atlas, Root, Forecasting, Acquisition, NSR, EVS, Sigma, Grant, Environment, Finniss Lithium Project, LIRC, USD, Growth, Arcadium, COMEX, LRC, IPO, TSX, Internal, EV

While we are not pleased with the 48% decline in the share price since March 2023 IPO, it is in-line with major lithium companies, weak performance for public royalty companies and a 73% decline in lithium prices.

Key Points: 
  • While we are not pleased with the 48% decline in the share price since March 2023 IPO, it is in-line with major lithium companies, weak performance for public royalty companies and a 73% decline in lithium prices.
  • Arcadium Lithium James Bay Royalty: In August 2023, Arcadium Lithium (previously Allkem Limited) reported a 173% increase in the James Bay mineral resource, which now stands at 110.2Mt.
  • Sigma Lithium Grota do Cirilo Royalty: LRC received the first ever royalty payment from the Grota do Cirilo project in 2023.
  • During 2023, LRC acquired eight additional lithium royalties, on six new lithium projects, in Argentina, Brazil, Québec and Ontario, as follows:

Granite Announces Acquisition of Lehman-Roberts Company and Memphis Stone & Gravel Company

Retrieved on: 
Tuesday, December 5, 2023
REIT, Building Systems, Other Construction & Property, Commercial Building & Real Estate, Construction & Property, EBITDA, Acquisition, NYSE, Plant, LRC, GVA, MSG, Granite, GAAP, Hand, Growth, Sand

Granite Construction Incorporated (NYSE: GVA) today announced the acquisition of Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), longstanding asphalt paving and asphalt and aggregates producers and suppliers.

Key Points: 
  • Granite Construction Incorporated (NYSE: GVA) today announced the acquisition of Lehman-Roberts Company (“LRC”) and Memphis Stone & Gravel Company (“MSG”), longstanding asphalt paving and asphalt and aggregates producers and suppliers.
  • This acquisition expands Granite’s footprint and creates a new growth platform for Granite in the attractive Memphis metropolitan market.
  • LRC operates seven strategically located asphalt plants serving the greater Memphis area and northern Mississippi.
  • "We are very excited to complete this acquisition of an outstanding materials-led business that expands our footprint in the Southeast.

Lithium Royalty Corp. Withdraws Proposed All-Cash Offer to Acquire TNR Gold

Retrieved on: 
Friday, October 27, 2023
Other Energy, Mining, Minerals, Transport, Energy, Natural Resources, Other Transport, Lithium, LIRC, TNR, LRC, TSX, Cryptocurrency, Security (finance)

Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is announcing that it is withdrawing its intention to propose an all-cash offer to acquire all of the common shares of TNR Gold (TXSV: TNR) (“TNR”).

Key Points: 
  • Lithium Royalty Corp. (TSX: LIRC) (“LRC”) is announcing that it is withdrawing its intention to propose an all-cash offer to acquire all of the common shares of TNR Gold (TXSV: TNR) (“TNR”).
  • In its proposal to the board of directors of TNR (the “Board”) on September 25, 2023, LRC had proposed a non-binding offer to acquire all of the outstanding common shares of TNR for cash consideration of C$0.08 per TNR common share (the “Proposed Transaction”), which represented a 45% premium to TNR’s unaffected closing share price on September 28, 2023.
  • Subsequently, LRC had sought to engage repeatedly with TNR and the Board to discuss a potential transaction that would be acceptable to the Board and to all shareholders.
  • Accordingly, while LRC believes that the Proposed Transaction was in the best interest of all TNR shareholders, given the failure of TNR management and the Board to reply to our re-engagement, LRC is withdrawing its interest in TNR.

HealthPlan Data Solutions Presents Positive Results of New Pharmacy Payment Integrity Program at Kentucky Legislature’s Interim Joint Committee on Health Services

Retrieved on: 
Thursday, October 12, 2023
Software, Pharmaceutical, Department Stores, Data Management, Specialty, Technology, Convenience Store, Healthcare Reform, State, Local, Artificial Intelligence, Retail, Health, Public Policy, Government, Kentucky General Assembly, Commonwealth, PBM, Scan, KRS, Patient, Legislation, LRC, Pharmacy, Health care, HDS, Mobile phone

On September 27, 2023, HealthPlan Data Solutions (HDS) executives presented initial results from its pharmacy payment integrity program implemented with the Kentucky Employees' Health Plan (KEHP) during an Interim Joint Committee meeting on Health Services.

Key Points: 
  • On September 27, 2023, HealthPlan Data Solutions (HDS) executives presented initial results from its pharmacy payment integrity program implemented with the Kentucky Employees' Health Plan (KEHP) during an Interim Joint Committee meeting on Health Services.
  • HDS was selected by the Commonwealth of Kentucky in 2022 to establish a pharmacy payment integrity program beginning in 2023 as part of a revision to KRS Chapter 18A (18A.225).
  • This revision required the appointment of an independent, third-party vendor to monitor all pharmacy benefit claims for the public employee health insurance program.
  • State Representative Kim Moser, Co-Chair of the Interim Joint Committee on Health Services, stated that, “The Kentucky General Assembly has made it a priority to increase oversight of our Commonwealth’s pharmacy benefit managers.

Bridging the Gap: Storage & Distribution in the Hydrogen Value Chain, IDTechEx Report

Retrieved on: 
Tuesday, August 15, 2023
Hydrogen, LRC, FCEV, Gulf Coast of the United States, IV, Uniper, Daimler Truck, H2, Linde, Safety, Hyundai Nexo, LOHC, Port, Kawasaki Heavy Industries, Port of Rotterdam, CHP, Suiso Frontier, Toyota, Nexø, US, Air Liquide, GKN, McDermott, Traction, Vopak, Hyundai, Orangi Pilot Project, Ammonia, Mucolipidosis type IV, LH2, Natural gas, Distribution, Hexagon, Mirai, Air Products, Heat, Transport, Compression, HESC, Chiyoda Corporation, Hyundai ix35 FCEV, Propane, Industrial gas

For a more in-depth exploration of each technology and associated commercial activities, please refer to IDTechEx's new market report, " Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications ".

Key Points: 
  • For a more in-depth exploration of each technology and associated commercial activities, please refer to IDTechEx's new market report, " Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications ".
  • Safety risks with compressed gas storage and boil-off issues with liquid H2 storage lead to hydrogen loss, further exacerbating the challenges.
  • Compressed gas and liquid hydrogen storage tanks will likely continue to serve stationary storage applications, such as hydrogen refueling stations.
  • The new "Hydrogen Economy 2023-2033: Production, Storage, Distribution & Applications" report offers an exhaustive overview of the value chain, including technological analyses, comparisons, commercial activities, innovations, and market trends.