On January 12, 2021, Lithium Royalty Corp. closed the transaction. The company has raised $70,669,843 in the transaction. The transaction also involved participation from returning investor Riverstone Holdings LLC for $30,699,843. As part of the transaction, Robert Tichio of Riverstone Holdings LLC and Mark Raguz of Altius Minerals Corporation (TSX:ALS) joined the board of directors of the company.