Overview:

• LRC sued Orion for breach of contract related to royalty interests in the Thacker Pass lithium project.
• The trial judge found a valid contract and allowed LRC to amend pleadings to add Orion entities.
• Orion sought a stay pending appeal, which was partially granted.

Key Points:

1. Background:

   • LRC claimed a contract with Orion to buy Thacker Pass royalty interests.
   • Orion sold part of these interests to Trident Royalties PLC, leading to litigation.

2. Trial Judge's Decision:

   • Confirmed a valid contract between LRC and Orion.
   • Allowed additional Orion entities to be added as respondents.
   • Determined Orion had attorned to Ontario's jurisdiction.

3. Stay Pending Appeal:

   • Orion’s request for a stay of the entire action was denied.
   • Partial stay granted for Bellatrix Ltd. and Orion Mine Finance (Master) Fund I LP to prevent enforcement actions without court approval.

4. Irreparable Harm and Balance of Convenience:

   • No irreparable harm to Orion from continuing the proceedings.
   • Asset dissipation risk by Orion favored continuation of litigation for most respondents.

5. Interests of Justice:

   • Emphasized efficient litigation and prevention of asset dissipation.
   • Costs of $10,000 awarded to LRC.

Conclusion:

• Appeal by Orion is stayed pending trial outcome.
• Partial stay granted for specific Orion entities, barring enforcement actions without court leave.