07:19 AM EDT, 06/06/2025 (MT Newswires) -- Lithium Royalty ( LITRF ) overnight Thursday noted a maiden mineral resource estimate outlining the potential for cesium oxide from Power Metals' ( PWRMF ) Case Lake property in Ontario. Lithium Royalty ( LITRF ) acquired a 2% gross overriding revenue royalty on the property in 2023.

The mineral resource estimate, which consists of 13,000 tonnes inferred mineral resource at 2.4% cesium oxide (Cs2O), with a cut-off grade of 0.1% Cs2O, establishes the Case Lake property as the fourth major cesium asset in the world, with potential for additional tonnage growth. The MRE is based on 7,264 meters of drilling from 113 drill holes conducted in 2018, 2022, and 2024.

The Case Lake property is one of several properties within Lithium Royalty's ( LITRF ) portfolio that have the potential to generate revenue from deposits other than lithium, a statement noted.

"The discovery at Case Lake uncovers additional value for both Power Metals ( PWRMF ) and LRC shareholders, with the potential for additional revenue from the property as soon as next year," said Lithium Royalty ( LITRF ) Chief Executive Ernie Ortiz.