07:24 AM EDT, 05/01/2025 (MT Newswires) -- Lithium Royalty ( LITRF ) , which lost 7.8% on Wednesday, said overnight that it amended the price range of its previously announced "modified Dutch auction" substantial issuer bid pursuant to which it is offering to buyback for cancellation up to $7 million of its common shares.

The company said that the offer was amended to increase the price range to a price of not less than $5.20 per share and not more than $5.70 per share. The original price range of the offer was $4.50 to $5.20 per share.

As of April 30, there were 25.1 million shares, and 30.5 million convertible common shares of the company issued and outstanding. Lithium Royalty ( LITRF ) has also extended the expiry date of the offer to 5:00 p.m. (Toronto time) on May 15.

The company noted in a statement that, "all Shares previously tendered will be deemed to be withdrawn and will not be accepted for take-up and payment unless shareholders take the steps described in the Notice of Variation."