Lithium Royalty Corp. Provides Updates on Key Assets Across Its Global Royalty Portfolio
Lithium Royalty Corp. (LRC) has announced several important developments across a number of projects within its global lithium royalty portfolio. The company, listed on the Toronto Stock Exchange under the ticker LIRC, continues to strengthen its position in the lithium supply chain through royalties linked to major mining projects operated by leading lithium producers.
The latest updates include progress at projects operated by Ganfeng Lithium Co., Ltd., Sigma Lithium Corporation, and Core Lithium Ltd. across multiple jurisdictions, including Mali, Brazil, Argentina, and Australia. These developments highlight continued production ramp-ups, early shipments from new facilities, and strategic stockpile sales as lithium producers navigate evolving global market conditions.
Goulamina Lithium Project in Mali Generates Expected Royalty Payment
One of the most significant updates concerns the Goulamina lithium project in Mali, which is operated by Ganfeng Lithium Co., Ltd.. In late December 2026, Lithium Royalty Corp. finalized its acquisition of a Trailing Product Sales Fee royalty tied to this major project.
This royalty agreement entitles LRC to a portion of revenues generated from product sales at Goulamina. Importantly, the transaction included rights to the royalty payment associated with the fourth quarter of 2025 production.
Based on operational information provided by Ganfeng Lithium, LRC anticipates receiving a payment of approximately US$2.9 million in March 2026 related to Q4 2025 production. The payment represents one of the first financial benefits flowing to the company from this recently acquired royalty.
The Goulamina project is widely considered one of the largest undeveloped lithium resources in West Africa. Its development forms part of a broader strategy by Ganfeng Lithium to expand global supply of lithium raw materials to support the rapidly growing electric vehicle and battery industries. As production scales up at the mine, the royalty held by Lithium Royalty Corp. is expected to generate recurring revenue tied to project output.
Production Resumes at Grota do Cirilo Lithium Project in Brazil
Another major update in LRC’s portfolio involves the Grota do Cirilo lithium project in Brazil, operated by Sigma Lithium Corporation.
On February 2, 2026, Sigma announced that mining operations had resumed at the project after a temporary pause. The restart marks a critical step toward restoring full production capacity at one of the world’s most prominent hard-rock lithium operations.
Shortly after the restart announcement, on February 13, 2026, Sigma confirmed the sale of 150,000 tonnes of lithium fines at an approximate price of US$140 per tonne. The company also disclosed that an additional 350,000 tonnes of lithium fines remain available for sale, which may be sold at prevailing market prices depending on demand and pricing conditions.
The recent sales follow earlier transactions completed in January 2026. During that month, Sigma sold 200,000 tonnes of lithium fines through two separate shipments of 100,000 tonnes each. Those shipments were priced at US$125 per tonne and US$140 per tonne, respectively.
These sales highlight the company’s strategy to monetize byproducts generated during mining and processing operations while optimizing its production pipeline.
Sigma also reported that the resumption of production has triggered customer payments under a newly established $96 million working capital revolving credit facility. The facility is designed to support the company’s operational ramp-up and provide additional liquidity during the expansion phase.
The improved financial flexibility is expected to assist Sigma as it scales production back toward its planned operating capacity.
In conjunction with these developments, Sigma released updated production guidance indicating significant future growth potential. The company now forecasts output of approximately 240,000 tonnes of lithium product on a 12-month forward annualized basis. Over a longer horizon, production is expected to rise to approximately 520,000 tonnes on a 24-month forward annualized basis as construction progresses on the project’s second processing plant.
This expansion is expected to substantially increase output from the Grota do Cirilo operation, which is one of Brazil’s flagship lithium mining assets and a key source of supply for the global battery materials market.
First Shipment Achieved at the Mariana Lithium Project in Argentina
Another notable milestone in Lithium Royalty Corp.’s portfolio has been achieved at the Mariana Lithium Project in Argentina, also operated by Ganfeng Lithium Co., Ltd..
In February 2026, Ganfeng Lithium announced that the project completed its first shipment of lithium chloride from the operation. The shipment represents a major step forward for the project, marking its transition from development into commercial export activity.
According to the operator, ten shipments of lithium chloride were transported, each consisting of approximately 24 tonnes of material, and shipped to China for further processing.
The Mariana project is located in Argentina’s Salta Province and extracts lithium from brine resources contained within a high-altitude salt flat, or salar. Salar-based lithium extraction is a key method used across South America’s “Lithium Triangle,” which includes Argentina, Chile, and Bolivia.
The successful shipment demonstrates that the project’s production and logistics systems are functioning as intended. Early exports also provide important validation of the project’s ability to deliver lithium products to global markets.
Looking ahead, Ganfeng Lithium is evaluating significant expansion opportunities at the site. The company is preparing development plans for Phase 2 and Phase 3 expansions of the Mariana project.
These expansion plans are expected to be submitted under Argentina’s Régimen de Incentivo para Grandes Inversiones (RIGI) program. The initiative was introduced by the Argentine government to encourage large-scale foreign investment in strategic sectors such as mining and energy.
Applications for the expansion phases are expected to be submitted in 2026. If approved, the expanded operations could significantly increase lithium production from the project, creating additional long-term royalty revenue potential for Lithium Royalty Corp.
Finniss Lithium Project Stockpile Sale in Australia
Further developments were also reported at the Finniss lithium project in Australia, where Core Lithium Ltd. operates the mine.
On February 26, 2026, Core Lithium announced that it had entered into a fixed-price agreement with Glencore International AG to sell its existing stockpile of 5,100 dry metric tonnes of spodumene concentrate.
The sale price reflects a Fastmarkets SC6 CIF China equivalent price of approximately US$2,023 per dry metric tonne, providing the company with a significant near-term revenue opportunity.
Proceeds from the transaction are expected to be received during the second quarter of 2026. The sale will help monetize existing inventory while Core Lithium evaluates the next phase of operations at the Finniss project.
In addition to the concentrate sale, Core Lithium disclosed that it still holds approximately 75,000 dry metric tonnes of lithium fines available for potential sale.
These sales could generate additional revenue while the company works toward a Final Investment Decision (FID) regarding the potential restart of full mining operations at the Finniss site.
The Finniss project has historically been one of Australia’s important lithium operations, and a restart could further strengthen supply availability for global battery manufacturers.
Expanding Royalty Exposure to the Global Lithium Supply Chain
Taken together, these updates highlight the geographic diversification and growth potential embedded within Lithium Royalty Corp.’s portfolio.
The company’s royalty holdings span multiple lithium production methods, including hard-rock spodumene mining in Australia and Brazil as well as brine extraction operations in Argentina. This diversified exposure helps reduce operational risk while positioning the company to benefit from rising demand for lithium driven by electric vehicle adoption and energy storage technologies.
By focusing on royalty interests rather than direct mining operations, Lithium Royalty Corp. maintains a capital-efficient business model. The company earns revenue from production volumes without bearing the full operational and capital expenditure burdens associated with mine development and operation.
As production ramps up across projects in Mali, Brazil, Argentina, and Australia, LRC expects that these royalties will increasingly translate into recurring revenue streams tied to the expansion of the global lithium supply chain.
With multiple portfolio assets reaching key operational milestones—from first shipments to production restarts and stockpile monetization—the company continues to strengthen its position as a key financial participant in the rapidly evolving battery metals industry.
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