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Lithium Royalty Corp. (T:LIRC)

Business Focus: Specialty Mining & Metals (NEC)

Sector:  Basic Materials Industry:  Specialty Mining & Metals
Company Contact
Address: 1133 Yonge Street, 5th Floor, Toronto
Toronto ON M4T 2Y7
Tel: N/A
IR: See website
Key People
Blair Levinsky
Executive Chairman of the Board
Ernie Ortiz Ortega
President, Chief Executive Officer, Director
Mark R. Wellings
Vice Chairman of the Board, Executive Vice President - Technical
Dominique Barker
Chief Financial Officer, Head - Sustainability
Philip De L. Panet
Chief Operating Officer, Vice President - Legal
Business Overview
Lithium Royalty Corp. is a Canada-based lithium-focused royalty company. The Company has a globally diversified portfolio of approximately 34 revenue royalties on mineral properties around the world that supply and are expected to supply raw materials to support the electrification of transportation and decarbonization of the global economy. Its portfolio is focused on high-grade mineral projects that are primarily located in Australia, Canada, South America and the United States. Its royalty portfolio is composed of around 34 royalties with three in production, three in construction and 28 in development or exploration. Its three production stage assets are Mt. Cattlin, Finniss and Grota do Cirilo. The Company's three construction stage assets are Tres Quebradas, Mariana and Horse Creek. Its development stage assets include Moblan, Tansim, Valjevo, Cancet, Adina, Sirmac-Clapier, Donner Lake, Campus Creek, Lithium Springs, Zeus, Yinnetharra, Mallina and Tabba Tabba, among others.
Financial Overview
For the nine months ended 30 September 2023, Lithium Royalty Corp revenues increased from $923K to $4.5M. Net loss totaled $4.2M vs. income of $7.5M. Revenues reflect Australia segment increase from $448K to $10.5M. Net loss reflects Gain on investments at fair value throug decrease from $10.8M (income) to $37K (expense), Management services increase from $287K to $701K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $519.72M as of Sep 30, 2023
Annual revenue (TTM): $6.58M as of Sep 30, 2023
EBITDA (TTM): -$3.78M as of Sep 30, 2023
Net annual income (TTM): -$0.53M as of Sep 30, 2023
Free cash flow (TTM): -$83.07M as of Sep 30, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 80,248,146 as of Feb 9, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization