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Royalties Inc. (CSE: RI), a prominent company based in Toronto, Ontario, is engaged in the acquisition of passive music royalties and mining royalties with significant potential value. The company made significant progress in advancing its strategies on its 3 major investments: Music Royalties, a lawsuit against Capstone Gold S.A. de C.V., and monetizing its silver asset, the Bilbao property in Mexico.
The company owns five cash-flowing music royalties generating around $100,000 per year and has made strategic investments in acquiring music royalty catalogs. In addition, Royalties Inc. holds two mining royalties - one related to a lawsuit against Capstone Copper Corp. in Mexico and another tied to the eventual breakout of the silver price above $30 per ounce.
In 2023, Royalties Inc. saw a record dividend and royalty income of $81,754 and made key progress in its operations. The company reported total expenses of $234,590 due to increased professional fees, insurance costs, and expenses in Mexico, leading to a net loss of $137,596.
With assets totaling $1,313,330 as of December 31, 2023, Royalties Inc. continues to focus on its investments in the music and mining sectors. For further information about the company, please visit their official website.
Royalties Inc. (CSE: RI) reported Q2 2024 results, showing progress in its three major investments. The company's music royalties generated $18,857 in Q2, a 21% increase from Q2 2023. RI received $13,125 in dividend income, up 17% year-over-year. The company is advancing strategies to monetize the Bilbao silver-zinc-lead property in Mexico, pursue a lawsuit against Capstone Gold for a 2% NSR on Cozamin mine production, and acquire cash-flowing music royalties.
For H1 2024, RI reported total income of $42,257, up 29% from the previous year. The operating loss reduced by 34% to $45,570. Total assets as of June 30, 2024, were $1,278,177. The company announced a proposed financing of up to 6 million shares at $0.035 for CAD$210,000 to address liquidity concerns.
Royalties Inc. (CSE: RI) has announced a non-brokered private placement to raise up to $210,000 by issuing 6,000,000 shares at $0.035 per share. The funds will primarily cover increased audit and tax professional fees in Canada, property taxes, and litigation expenses in Mexico. Despite generating $129,000 in dividend income from its investment in Music Royalties Inc. since October 2022, along with income from other cash-flowing royalties, the company has not yet fully covered its corporate overhead.
Royalties Inc. is actively working to maximize the value of its Bilbao silver-zinc-lead project in Mexico, taking advantage of the rising silver price environment. Additionally, court proceedings to recognize the 2% NSR on the Portree claims, which are part of the Cozamin mine, are set to resume in September.
Royalties Inc. reported its Q1 2024 results, highlighting progress in key investments, financial performance, and operational developments. The Company made advances in monetizing the Bilbao silver-zinc-lead property, achieving success in litigation over NSR payments, and growing music royalty income. Music royalties generated $23,400, a 36% increase over the prior year, while total dividend income rose by 20%. The Company reduced its operating loss by 59% to $16,765. Total expenses decreased 30% to $40,165. Despite these improvements, total assets declined slightly to $1,266,035 from $1,313,330 at the end of 2023. The Company holds significant mining and music royalties and awaits the outcome of ongoing litigation which could impact future revenues.
Royalties Inc. (CSE: RI) reports its 2023 yearend results with key milestones including progress on music royalties, a lawsuit against Capstone Gold S.A. de C.V., and monetizing the Bilbao silver-zinc-lead property. The company generated record dividend and royalty income, but also increased expenses leading to a higher net loss. Assets saw an increase in book value, but liquidity remains a concern with cash to settle liabilities.
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