Trident Royalties PLC ("Trident"), a growth-focused diversified mining royalty and streaming company, was sued by Lithium Royalty Corporation (“LRC”) in respect to a lithium royalty in Nevada. LRC claimed that it had already entered into a binding contract to purchase the royalty which Trident then bought from Orion Mine Finance Fund for approximately US$28 million. Fasken successfully brought a motion challenging the jurisdiction of the Ontario courts over Trident. On November 22, 2021, the Superior Court ruled in favour of Trident and stayed LRC’s application against it.
The Fasken team was led by Zohar Levy and included Chad Pilkington and Murray Braithwaite.