Lithium Royalty Corp. Acquires Royalty Interest on the James Bay Lithium Project in Québec

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TORONTO, March 16, 2023 /CNW/ - Lithium Royalty Corp. (TSX: LIRC) ("LRC") announced today that it completed the acquisition of a 1.5% net smelter revenue royalty (the "James Bay Royalty") covering the eastern portion ("Royalty Area") of the mineral resource at the James Bay Lithium Project ("James Bay Project") in Québec, Canada. The project is owned by Allkem Ltd. (ASX: AKE) ("Allkem"), a specialty lithium chemicals company listed on the Australian Stock Exchange.