Lithium Royalty Corp. Acquires Royalties From Das Neves Lithium Project and Strengthens Its Presence in Brazil

Written by Bruno Teles

Published on 03/05/2023 at 16:24

Foto: Projeto de Lítio Das Neves

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The acquisition includes a 3.0% gross revenue royalty (GOR) and was made for the amount of US$ 20 million, coming from the company’s own funds. With this addition, LRC now has 31 high-grade revenue royalties in its portfolio from mineral properties around the world.

The Das Neves Project is considered to have significant mineral resource potential, with high-grade coarse-grained spodumene ore, which could contribute to the straightforward processing of the project. Atlas Lithium, which is currently exploring the project and has other nearby claims, 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 goal is to produce 150,000 tons per year (tpa) of spodumene concentrate.

Lithium Royalty Corp. not only benefits from the commencement of operations at Sigma Lithium, but 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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With the growing global need for decarbonization and electrification of transport, lithium is becoming an increasingly important element for the global economy.

Brazil, a significant potential in terms of mineral resources, is rapidly becoming an important and eco-friendly lithium jurisdiction. The entry of Lithium Royalty Corp. into 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. is a strategic move that reinforces the company’s presence in Brazil and strengthens its status as a benchmark in lithium investment.

The ongoing exploration by Atlas Lithium and the production of high-quality spodumene concentrate at the Das Neves project are factors that will contribute to revenue generation for Lithium Royalty Corp. and to the electrification of transport and decarbonization of the global economy, through responsibly and sustainably sourced raw materials.

Lithium Royalty Corp. Acquires Royalties From Das Neves Lithium Project and Strengthens Its Presence in Brazil

The company’s goal is to produce 150,000 tons per year (tpa) of spodumene concentrate.

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Lithium Royalty Corp. Acquires Royalties From Das Neves Lithium Project and Strengthens Its Presence in Brazil

Lithium Royalty Corp., a company focused on lithium royalties, recently acquired new royalties, this time related to the Das Neves Lithium Project in Minas Gerais, Brazil.

The company’s goal is to produce 150,000 tons per year (tpa) of spodumene concentrate.

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There is a city in China right next to Hong Kong where people speak Portuguese, the streets have names in Portuguese, and the architecture looks like it came straight out of a historic city in Brazil.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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