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Xtierra ( (TSE:RI) ) has issued an announcement.
Royalties Inc. has provided an update on its ongoing legal dispute involving its subsidiary, Minera Portree, and Capstone Gold over a 2% Net Smelter Royalty (NSR) at the Cozamin Mine in Zacatecas, Mexico. A recent court ruling favored Minera Portree, affirming its ownership of the NSR and ordering Capstone to pay royalties for past and future production. Capstone has appealed the decision, but Minera Portree remains confident in its position. The outcome of this dispute is significant for Royalties Inc. as the NSR represents a substantial cash-flowing asset, particularly given the rising prices of copper and silver, which are crucial for AI and green energy infrastructure.
More about Xtierra
Royalties Inc. is a company that owns a 100% interest, subject to a 1.5% Net Smelter Royalty (NSR) as a separate asset, on the Bilbao silver-zinc-lead project located in the State of Zacatecas, Mexico. The company also owns 88% of Minera Portree de Zacatecas S.A. de C.V., which is involved in a legal dispute over a 2% NSR on several mining concessions at the Cozamin Mine.
Average Trading Volume: 167,647
Technical Sentiment Signal: Buy
Current Market Cap: C$16.88M
For a thorough assessment of RI stock, go to TipRanks’ Stock Analysis page.