The applicant, Lithium Royalty Corporation (LRC), brought an application to enforce an alleged contract for the purchase of an 85% interest in a lithium mining royalty from Orion Resource Partners (Orion).
The court addressed three main issues: whether LRC should be granted leave to add specific Orion entities as respondents (misnomer/amendment), whether the court had jurisdiction over these proposed respondents, and whether an enforceable contract was formed.
The court granted leave to add the Orion entities, finding they had voluntarily attorned to the court's jurisdiction.
It further found that a binding and enforceable contract for the royalty purchase was formed between LRC and Orion, and that this contract was not void under Nevada's Statute of Frauds.