An update from Lithium Royalty Corp. ( (TSE:LIRC) ) is now available.
Lithium Royalty Corp. reported an 81% increase in Lithium Carbonate Equivalent Tonnes (LCEts) for 2024, driven by significant volume growth and a diversified royalty portfolio. Despite a 45% decline in annual royalty revenue due to lower lithium prices, the company remains optimistic about future growth with the inauguration of Ganfeng Lithium’s Mariana project and upcoming asset start-ups. The partial sale of royalty over the Tres Quebradas Project is expected to bolster the company’s balance sheet amid cyclical market lows.
More about Lithium Royalty Corp.
Lithium Royalty Corp. operates in the lithium industry, focusing on acquiring and managing a diversified portfolio of royalties related to lithium production. The company is primarily involved in lithium carbonate and spodumene concentrate, which are crucial for battery production and the growing electric vehicle market.
YTD Price Performance: -27.85%
Average Trading Volume: 11,226
Technical Sentiment Consensus Rating: Buy
For detailed information about LIRC stock, go to TipRanks’ Stock Analysis page.