Lithium Royalty Corp. Agrees to Be Acquired by Altius Minerals Corporation

TORONTO, December 22, 2025--Lithium Royalty Corp. (the "Company" or "LRC") (TSX: LIRC) today announced that it has entered into a definitive arrangement agreement (the "Arrangement Agreement") with Altius Minerals Corporation ("Altius"), whereby Altius will acquire all of the outstanding common shares and convertible common shares of LRC (the "Transaction"), for a choice of consideration (the "Purchase Price") per share of either (i) 0.240 common shares of Altius, (ii) C$9.50 in cash or (iii) if