Business
Royalties Inc. Secures Landmark Victory in Commercial Lawsuit Against Capstone Copper Corp.
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), ...
About this update from Capstone Copper Corp.
[{"type":"text","content":"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").","length":759,"tagName":"p"},{"type":"text","content":"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.","length":707,"tagName":"p"},{"type":"text","content":"Key Outcomes of the Judgment:","length":29,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The court invalidated the 2019 contract, confirming Minera Portree as the rightful owner of the 2% NSR.","length":103,"tagName":"p"}]},{"val":[{"type":"text","content":"Defendants González Anaya and García are ordered to pay royalties for the exploitation of the Unificación del Cobre concession (2002-2007) and other concessions (2002-2019), with amounts to be quantified in the execution phase.","length":227,"tagName":"p"}]},{"val":[{"type":"text","content":"Capstone Gold S.A. de C.V. is ordered to pay royalties for the Portree I concession from August 9, 2019, to the present, also to be quantified during execution.","length":160,"tagName":"p"}]},{"val":[{"type":"text"...