Larvotto Resources (ASX:LRV) has announced a $3.4M capital injection from Canadian-based Lithium Royalty Corp.

Larvotto says the REO agreement will allow for rapid expansion of the west australian Merivale lithium prospect at Eyre Project.

Larvotto?s Managing Director Ron Heeks says the funds will take its prospects well beyond what was initially planned on listing:

?Bringing a substantial North American institutional fund onto the register is a huge vote of confidence on our assets and management.?