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Royal Road Secures Title Grant and Advances Drilling Under Option Agreement, GAM Project, Colombia
Toronto, Ontario--(Newsfile Corp. - January 12, 2026) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") is pleased to announce that the mining concession application subject to the Company's previously disclosed binding Option Agreement (see Press Release December 14, 2021) has been formally converted and published as a granted Mining Concession Contract as of 5 January 2026 (the "Chuscalita Title"). The Chuscalita Title has an initial term of 30 years, in.
About this update from Royal Road Minerals Limited
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - January 12, 2026) - Royal Road Minerals Limited (TSXV: RYR) (OTCQB: RRDMF) ("Royal Road" or the "Company") is pleased to announce that the mining concession application subject to the Company's previously disclosed binding Option Agreement (see Press Release December 14, 2021) has been formally converted and published as a granted Mining Concession Contract as of 5 January 2026 (the "Chuscalita Title"). The Chuscalita Title has an initial term of 30 years, in accordance with Colombian mining law. With the Chuscalita Title now granted, Royal Road has made a USD$150,000 payment to the titleholders and, in doing so, has satisfied the relevant condition under the Option Agreement. Drilling activities on the property are now underway.","length":809,"tagName":"p"},{"type":"text","content":"Option Agreement Summary","length":24,"tagName":"p"},{"type":"text","content":"Under the Option Agreement, Royal Road has secured the exclusive right to acquire an 80% interest in the Chuscalita Title, which is located adjacent to the Company's Güíntar Mining Concession Contract.","length":205,"tagName":"p"},{"type":"text","content":"In accordance with the Option Agreement, Royal Road previously made a USD$100,000 option payment, and following the formal conversion of the application to the Chuscalita Title, the Company has now made a further USD$150,000 payment to the titleholders.","length":253,"tagName":"p"},{"type":"text","content":"Royal Road may, at any time, elect to exercise its option and acquire an 80% interest in the Chuscalita Title by making a one-time cash payment of USD$1,125,000 to the titleholders. Upon exercise of the option, the remaining 20% interest retained by the titleholders will be free-carried until the completion of a successful feasibility study delivered in connection with, or incorporating, the Chuscalita Title. Upon delivery of such feasibility study, the 20% interest will convert to a 2% net smelter returns ("NSR") royalty on metals extracted from the Chuscalita Title, which royalty may be purchased by Royal Road for USD$10 million.","length":649,"tagName":"p"},{"type":"text","content":"Exploration Upside and Next Steps","length":33,"tagName":"p"},{"type":"text","content":"The Chuscalita Title is located adjacent to Royal Road's ex...