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Lithium Royalty Corp., a lithium-focused royalty company, recently acquired new royalties, this time for the Das Neves Lithium Project in Minas Gerais, Brazil.
The acquisition includes royalties of 3,0% of gross revenue (GOR) and was carried out for the amount of US$ 20 million, from the company's own resources. With this addition, LRC now has 31 high-grade revenue royalties on mineral properties across the world in its portfolio.
O Snow Project It is considered to have great potential as a mineral resource, with high-grade coarse-grained spodumene ore, which could contribute to the simple processing of the project. A Atlas Lithium, which is currently exploring the project and has other claims close by, expects to release its first mineral resource in mid-2023, followed by a preliminary economic assessment (PEA) approximately two months after the resource report.
The company's objective is to produce 150.000 tons per year (tpy) of spodumene concentrate.
A Lithium Royalty Corp. not only does it benefit from Sigma Lithium coming online, it also has access to 100% renewable hydropower for electricity and has utilized methods that limit the use of harmful chemicals or flotation.
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The company is a signatory to the Principles for Responsible Investment and has integrated ESG (environmental, social and governance) and sustainable mining factors into its investment analysis and royalty acquisitions.
The royalty area acquired from Atlas Lithium covers more than 104 km², presenting a great possibility, especially given the proximity of these claims to the project of the Cirilo's Grotto from Sigma Lithium. The acquisition of royalties was financed entirely with cash on hand, with no need for external financing, which demonstrates the financial leadership of Lithium Royalty Corp.
With the world's growing need for decarbonization and electrification of transport, lithium becomes an increasingly important element for the global economy.
Brazil, one important potential when it comes to mineral resources, it is fast becoming an important and environmentally friendly lithium jurisdiction. The entry of Lithium Royalty Corp. in the country, through its partnership with Atlas Lithium, solidifies its presence in the region and strengthens its investment option in lithium.
In summary, the acquisition of royalties from Das Neves Lithium Royalty by Lithium Royalty Corp. it is a strategic action that reinforces the company's presence in Brazil and strengthens its status as a reference in lithium investment.
A exploration in progress by Atlas Lithium and the production of high quality spodumene concentrate at the Das Neves project are factors that will contribute to Lithium Royalty Corp's revenue generation. and for the electrification of transport and the decarbonization of the global economy, through raw materials sourced responsibly and sustainably.
