The Scotts Miracle-Gro Foundation and Doodles and Digits Bring 'How It's Math' to Public Television and to the Marysville Campus
Foundation Partner
Director of ESG and Social Impact Katherine Dickens shared why this is such a great fit for our company: 'When Caroline from Doodles & Digits approached us, she shared a compelling picture of the dire state of education for elementary age children post-Covid. Caroline has a local link to Scotts as someone living in Columbus with awareness of the company. She presented a need that was really meaningful.'
Continued Connection
It turns out that not only was the Foundation a wonderful fit for Doodles and Digits, but ScottsMiracle-Gro's R&D department was a winning equation for a program segment. As we mentioned, math is everywhere, and that includes throughout a lawn and garden company. From product development to field tests, math is at the forefront of innovation at ScottsMiracle-Gro.
Caroline Farkas, founder of Doodles and Digits, loved the connection between education, math and gardening: 'First and foremost, we seek organizations that are passionate about education and making a positive impact on young learners. It's important that the organization values creativity, innovation, and real-world learning,' says Caroline. 'We consider how the organization's work intersects with the themes we explore on our show, such as science, technology, engineering, art and mathematics (STEAM).'
If you're ready to learn 'How It's Math' both at ScottsMiracle-Gro and in a variety of other real world examples, check it out on PBS.
About ScottsMiracle-Gro
With approximately $3.6 billion in sales, the Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Miracle-Gro®, and Ortho® brands are market-leading in their categories. The Company's wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting, and other materials used in the indoor and hydroponic growing segment. For additional information, visit us at www.scottsmiraclegro.com.
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One of the largest lepidolite mines in China halted operations on August 9 th following the expiry of its mining license, a development expected to tighten the lithium supply-demand balance in the near term. There are several more mines in China that are in the process of applying to certify their lithium resources by September 30, 2025. News agencies and industry consultants believe this could constrain supply further if the applications are delayed or not granted. Benchmark Minerals forecasts lithium demand to grow 20% and lithium supply to grow 15% in 2025, which should reduce the current market surplus. Moderating supply additions, driven by weaker pricing, are expected to improve market balance and operating conditions over time. Qualified Persons The technical and scientific information contained in this news release was reviewed and approved in accordance with NI 43-101 by Don Hains, of the Hains Engineering Company Limited, a 'qualified person' as defined in NI 43-101. Shareholder Information The Consolidated Financial Statements and Management's Discussion & Analysis are available on our website and SEDAR+. Q2 2025 Conference Call Details Date: August 15, 2025 Time: 11:00 AM EST Local - New York (+1) 646 564 2877 Local - Toronto (+1) 289 819 1520 Toll Free - North America (+1) 800 549 8228 Conference ID: 01092 Webcast: About Lithium Royalty Corp. LRC is a lithium-focused royalty company organized in Canada, which has established a globally diversified portfolio of 35 revenue royalties on mineral properties that are related to the electrification and decarbonization of the global economy. The Company's royalty portfolio is focused on the battery supply chain for the transportation and energy storage industries and is underpinned by mineral properties that produce or are expected to produce lithium, critical minerals, and other energy transition materials. Forward Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' within the meaning of applicable Canadian securities laws, which may include, but are not limited to, statements with respect to future events or future performance, management's expectations regarding LRC's growth, results of operations, estimated future revenues, performance guidance, carrying value of assets and requirements for additional capital, mineral resource and mineral reserve estimates, production estimates, production costs and revenue, future demand for and prices of commodities, expected mining sequences, business prospects and opportunities, the performance and plans of third party operators and the expected exposure for current and future assessments and available remedies. In addition, statements relating to resources and reserves and mine life are forward-looking statements, as they involve implied assessment, based on certain estimates and assumptions, and no assurance can be given that the estimates and assumptions are accurate and that such resources and reserves or mine life will be realized. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budgets', 'potential for', 'scheduled', 'estimates', 'forecasts', 'predicts', 'projects', 'intends', 'targets', 'aims', 'anticipates' or 'believes' or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions 'may', 'could', 'should', 'would', 'might' or 'will' be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of LRC to be materially different from any future results, revenue, expenses, performance or achievements expressed or implied by the forward-looking statements. Forward-looking information is based on management's beliefs and assumptions and on information currently available to management. The forward-looking statements herein are made as of the date of this press release only and LRC does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. A number of factors could cause actual events or results to differ materially from any forward-looking statement, including, without limitation: fluctuations in the prices of the primary commodities that drive royalty revenue (including various lithium products); fluctuations in the value of the Canadian and Australian dollar and any other currency in which revenue is generated, relative to the U.S. dollar; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; the adoption of a global minimum tax on corporations; regulatory, political or economic developments in any of the countries where properties in which LRC holds a royalty or other interest are located or through which they are held; risks related to the operators of the properties in which LRC holds a royalty or other interest, including changes in the ownership and control of such operators; relinquishment or sale of mineral properties; influence of macroeconomic developments; business opportunities that become available to, or are pursued by LRC; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which LRC holds a royalty or other interest; whether or not the Company is determined to have 'passive foreign investment company' ('PFIC') status as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the properties in which LRC holds a royalty or other interest; actual mineral content may differ from the resources and reserves contained in technical reports; rate and timing of production differences from resource estimates, other technical reports and mine plans; risks associated with the solvency of operators of projects that LRC has royalties over; risks and hazards associated with the business of development and mining on any of the properties in which LRC holds a royalty or other interest, including, but not limited to unusual or unexpected geological and metallurgical conditions, slope failures or cave-ins, sinkholes, flooding and other natural disasters, terrorism, civil unrest or an outbreak of contagious disease; and the integration of acquired assets. The forward-looking statements contained in this press release are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which LRC holds a royalty or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities (including various lithium products) that underlie the asset portfolio; the Company's ongoing income and assets relating to determination of its PFIC status; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; no adverse development in respect of any significant property in which LRC holds a royalty or other interest; the solvency of project operators; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. However, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance. LRC cannot assure investors that actual results will be consistent with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein. For additional information with respect to risks, uncertainties and assumptions, please refer to LRC's most recent Annual Information Form dated March 19, 2025 and filed with the Canadian securities regulatory authorities on These risks and uncertainties include, but are not limited to, those described under 'Risk Factors' in the Annual Information Form, and in particular risks summarized under the 'Risks Related to Mining Operations' heading. Non-IFRS Measures This earnings release makes reference to certain non-IFRS measures. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Accordingly, the non-IFRS measures should not be considered in isolation or as substitutes for analysis of the financial information reported under IFRS. EBITDA and Adjusted EBITDA EBITDA is a common metric used by investors and analysts to assist in their valuation of the Company. EBITDA is a non-IFRS financial measure, which excludes the following from net earnings: income tax expense and recovery; finance costs, netted against finance income; and depletion, depreciation and amortization. In addition to EBITDA, we have determined that the following adjustments are necessary to arrive at Adjusted EBITDA, which we believe is a more accurate indicator of the Company's ongoing operational performance: impairment charges and reversals; gain/loss on sale/disposition of assets/mineral interests; foreign currency translation gains/losses; increase/decrease in fair value of financial assets; expenses related to one-time share-based compensation granted at IPO other non-recurring income and charges. Management believes that EBITDA and Adjusted EBITDA are valuable indicators of our ability to generate liquidity by producing operating cash flow to fund working capital needs and fund acquisitions. These metrics are also frequently used by investors and analysts for valuation purposes, whereby the metrics are multiplied by a factor or 'multiple' that is based on an observed or inferred relationship between Adjusted EBITDA and market values to determine the approximate total enterprise value of a company. LRC believes these measures assist investors, analysts and our shareholders to better understand our ability to generate liquidity from operating cash flow, as LRC believes that the excluded amounts are not indicative of the performance of our core business and do not necessarily reflect the underlying operating results for the periods presented. 3 months ended June 30, 6 months ended June 30, 2025 2024 Variance 2025 2024 Variance Net (loss) income (2,302) 317 (2,619) (3,173) (728) (2,445) Income tax (recovery) expense (63) 284 (347) (315) 121 (436) Finance income (250) (34) (216) (250) (96) (154) Depletion 25 210 (185) 140 352 (212) EBITDA (2,590) 777 (3,367) (3,598) (351) (3,247) Foreign exchange loss (gain) 6 7 (1) (9) 37 (46) One time IPO share-based compensation (SBC) 42 104 (62) 125 540 (415) Impairment expense 1,154 - 1,154 1,154 - 1,154 Other non-recurring income (158) (750) 592 (317) (750) 433 Adjusted EBITDA (1,546) 138 (1,684) (2,645) (524) (2,121) Expand 1 Non-recurring gains include the gain on disposition of royalty interest and expenses incurred related to the substantial issuer bid. 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