Newsfile
June 19, 2025 1:20PM GMT
Toronto, Ontario--(Newsfile Corp. - June 19, 2025) - Royalties Inc. (CSE: RI) (OTC Pink: ROYIF) or ("the Company") is pleased to announce that Minera Portree de Zacatecas S.A. de C.V. ("MPZ" or Minera Portree), a company in which Royalties Inc. holds an 88% ownership stake, has achieved a significant legal victory in the Third Commercial Court of Zacatecas. On June 16, 2025, the court issued a final judgment in the ordinary commercial lawsuit (File 411/2022), ruling in favor of MPZ by declaring the non-existence of a 2019 rights assignment contract and upholding the company's entitlement to royalty payments from mining concessions at the Cozamin Mine, operated by Capstone Copper Corp. (TSX: CS) or ("Capstone").
The lawsuit, initiated by Luis Emilio Villanueva, Sole Administrator and General Attorney-in-Fact of Minera Portree, was filed against Raúl González Anaya, Capstone Gold S.A. de C.V.(a wholly owned subsidiary of Capstone Copper Corp.) and Gerardo González García. The court declared the August 9, 2019, contract, which purported to assign royalty rights without Minera Portree's consent, invalid due to lack of authority. The judgment reaffirmed MPZ's rights to a 2% net smelter royalty on five mining concessions, known as the "Portree claims," established in a 2002 agreement, part of which forms a key portion of the Mala Noche Footwall Zone at Capstone Copper Corp.'s Cozamin Mine.
Key Outcomes of the Judgment:
"This ruling is a pivotal moment for Minera Portree and its majority shareholder, Royalties Inc.," said Tim Gallagher. "It validates our steadfast commitment to protecting our legal rights and ensures that the 2% NSR, which is a cash flowing royalty on an operating copper-silver mine is a very valuable asset, remains with MPZ. We are confident that this court decision will finally force Capstone to admit the misguided actions of their former management and settle our claim."
About Royalties Inc.
For further information contact Royalties Inc. at www.royaltiesinc.com
Tim Gallagher
CEO & Director
(416) 925‐0090
Connor Gallagher
Investor Relations
(647) 921-2206
Andrew Robertson
Director
(416) 317-0137
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Forward-Looking Statements
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