Royalties Inc. Secures $180,000 Financing for Operational Costs

The latest announcement is out from Xtierra ( (TSE:RI) ).

Royalties Inc. has successfully closed a non-brokered private placement for $180,000, priced at $0.03 per share, issuing 6,000,000 shares to cover its operational expenses in Canada and Mexico for 2025. The company anticipates potential financial recognition for its Bilbao project once silver prices exceed US$40 per ounce and awaits a court judgment on its royalty claim in the Cozamin mine. This financing and potential favorable legal outcomes could significantly impact Royalties Inc.’s financial stability and strategic positioning within the mining sector.

More about Xtierra

Royalties Inc. is involved in the mining and royalties industry, owning interests in both music royalties through Music Royalties Inc. and various mining assets. The company holds a 2% stake in Music Royalties Inc., a Canadian entity managing a portfolio of music royalties, and has a significant interest in the Bilbao silver-lead-zinc-copper project in Zacatecas, Mexico. Additionally, it owns a major share in Minera Portree, which is involved in a legal dispute regarding a net smelter royalty on claims within the Cozamin mine.

YTD Price Performance: -12.50%

Average Trading Volume: 45,894

Technical Sentiment Consensus Rating: Hold

Current Market Cap: C$7.67M

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