The Toronto-based firm plans to price the initial public offering on the Toronto Stock Exchange between $16 and $19 per share to raise $150 million. It’s seeking to capitalize on growing demand for lithium-ion batteries in electric vehicles by acquiring more royalties, which it earns based on a percentage of the minerals produced or a property’s revenue. (The Logic)

Talking point: The offering would come as the IPO market has stalled, with the TSX seeing no new IPO financings in December and just $86 million raised across 14 IPOs in January. Lithium Royalty said it has invested in a portfolio of 29 mineral properties located primarily in Australia, Canada, South America and the U.S., with a focus on “stable” economies and an aim to “benefit from the continued focus of government and automobile manufacturers on domestic North American EV and battery production.”