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The latest update is out from Royal Road Minerals ( (TSE:RYR) ).
Royal Road Minerals has secured the formal granting of the Chuscalita Mining Concession Contract in Colombia, converting its prior application into a 30-year title and triggering a US$150,000 payment to the local titleholders under an existing option agreement. The company now holds the exclusive right to acquire an 80% interest in the Chuscalita concession, adjacent to its Güíntar project, via a future one-time payment of US$1.125 million, with the remaining 20% interest converting into a net smelter returns royalty after a feasibility study. With tenure in place and drilling already underway, Royal Road is integrating Chuscalita into its district-scale geological model as a logical extension of the broader Güíntar porphyry-skarn system, positioning the asset as a priority target within its 1,840-square-kilometre Colombian portfolio and potentially enhancing its growth prospects in the gold-copper sector.
The most recent analyst rating on (TSE:RYR) stock is a Hold with a C$0.20 price target. To see the full list of analyst forecasts on Royal Road Minerals stock, see the TSE:RYR Stock Forecast page.
Spark’s Take on TSE:RYR Stock
According to Spark, TipRanks’ AI Analyst, TSE:RYR is a Neutral.
The score is held down primarily by weak financial performance (no revenue, ongoing losses, and cash burn) despite a low-debt balance sheet. Technical indicators are neutral-to-modestly supportive, and recent corporate events (financing plus exploration progress) provide upside optionality, but valuation remains constrained by negative earnings and no dividend support.
To see Spark’s full report on TSE:RYR stock, click here.
More about Royal Road Minerals
Royal Road Minerals is a Jersey-headquartered mineral exploration and development company focused on discovering and developing large-scale copper and gold deposits with an emphasis on modern, low-impact practices. Listed on the TSX Venture Exchange, OTCQB and Frankfurt Stock Exchange, the company’s exploration activities are currently concentrated in Colombia, Saudi Arabia and Morocco.
Average Trading Volume: 98,216
Technical Sentiment Signal: Buy
Current Market Cap: C$54.47M
Learn more about RYR stock on TipRanks’ Stock Analysis page.