Lithium Royalty (LIRC) Corporate Presentation summary

Strategic positioning and market overview

• Positioned at the center of the global energy transition, focusing on decarbonization and electrification through lithium supply for EVs and energy storage.

• Lithium demand expected to grow 42x by 2040, driven by EV adoption and energy storage installations.

• Lithium is considered irreplaceable for the electric era, with major automakers investing billions in EV production and battery plants.

• Global lithium demand projected at 2.7 Mt LCE by 2030, with battery demand reaching 3.2 TWh.

• EVs use six times more minerals than conventional vehicles, highlighting lithium's critical role.

Portfolio and asset diversification

• Holds 35 royalties across 7 countries, with 58% NAV in OECD jurisdictions and 51% in Canada and Australia.

• Asset base is diversified by geography, operator, and project stage, with 17% in production and 50% in evaluation/exploration.

• Top 3 assets represent 40% of NAV, while top 10 account for 76%, reducing concentration risk.

• Hard-rock projects comprise 58% of the mineral resource base, with a long-life asset profile (59% >20 years).

• 8 royalties were added in 2023 and 1 in 2024, reflecting active portfolio growth.

Financial performance and valuation

• 2023 revenue grew 228% year-over-year to US$5.5M, with only 3 assets in production.

• Q1 2024 royalty income was $631K, with a gross profit margin of 77%, but net loss of $1.05M and negative adjusted EBITDA.

• Net asset value stands at C$805M, with a market cap of C$366M and price-to-NAV ratio of 0.5x.

• Cash balance of US$9.3M and no debt as of March 31, 2024.

• Insider buying totals C$6.8M since IPO, indicating management confidence.