Royalties Inc. Announces Closing of Financing

Rhea-AI Summary

Royalties Inc. (CSE: RI) has successfully closed a non-brokered private placement of $105,000, issuing 3,000,000 common shares at $0.035 per share. The company's financial position is further strengthened by $135,000 in dividends from its investment in Music Royalties Inc. since October 2022 and $74,000 in revenue from four other cash-flowing royalties. These funds are allocated to cover corporate overhead and expenses related to operations in Mexico.

The company is accelerating efforts to maximize the value of its Bilbao silver-zinc-lead project in Mexico, coinciding with silver prices reaching an 11-year high of US$32 per ounce. The surge in silver prices, marking a 50% increase over the past year, along with record gold prices, has significantly boosted interest in public silver companies throughout 2024.

Positive

• Successful closing of $105,000 private placement
• Additional $135,000 in dividends from Music Royalties Inc. investment
• $74,000 in revenue from four cash-flowing royalties
• Silver prices reaching 11-year high of US$32 per ounce
• Increased interest in public silver companies due to rising precious metal prices

Negative

• None.

Toronto, Ontario--(Newsfile Corp. - September 25, 2024) - Royalties Inc. (CSE: RI) ("the Company") has closed a non-brokered private placement of $105,000 at $0.035 per share for 3,000,000 common shares. These funds along with $135,000 in dividends from the investment in Music Royalties Inc. since October 2022 and the $74,000 in revenue from the other four cash flowing royalties cover corporate overhead and Mexico expenses.

Efforts to maximize the value of the Bilbao silver-zinc-lead project in Mexico have accelerated with the silver price rising to an 11 year high of US$32 per ounce. Interest in public silver companies has risen dramatically in 2024 with gold setting record prices and the silver price increase of 50% over the last year.

About Royalties Inc.

Royalties Inc. has a 2% stake in Music Royalties Inc. ("MRI"), a Canadian-based private company that acquires passive music royalties from rightsholders (including but not limited to artists, producers and songwriters) and currently holds a portfolio of approximately 28 cash-flowing music royalties. MRI is currently paying a monthly dividend generating a 7.2% annual yield.

Royalties Inc. owns a 100% interest, subject to a 1.5% net smelter royalty repurchased in July 2019, on the Bilbao silver-lead-zinc-copper project located in the southeastern part of the State of Zacatecas, Mexico.

Royalties Inc. owns 88% of the outstanding shares of Minera Portree de Zacatecas, S.A. de C.V ("Minera Portree") which holds an asserted claim (backed by a court approved lien) to a 2% net smelter royalty on five mining concessions which are part of the Cozamin Mine operated by Capstone Copper Corp., which claim is challenged by Capstone.

For further information contact Royalties Inc. at www.royaltiesinc.com

Tim Gallagher	Connor Gallagher
CEO & Director	Investor Relations
(416) 925‐0090	(647) 921-2206

Neither the CSE, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this press release.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as "may", "will", "expect", "likely", "should", "would", "plan", "anticipate", "intend", "potential", "proposed", "estimate", "believe" or the negative of those terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions "may" or "will" happen, or by discussions of strategy. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to: sufficient capital and financing required in order to fulfill the Company's business plans and strategy may not be obtained as expected; that the Company will not be able to pay future dividends; and other risks related to the Company as disclosed in the documents filed on the Company's SEDAR profile at www.sedar.com. Accordingly, readers are cautioned not to place undue reliance on forward-looking statements contained in this press release and they are expressly qualified in their entirety by this cautionary statement. The forward-looking statements herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements whether as a result of new information, future events or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/224536

FAQ

What was the amount and price per share of Royalties Inc.'s recent private placement?

Royalties Inc. (CSE: ROYIF) closed a non-brokered private placement of $105,000 at $0.035 per share, issuing 3,000,000 common shares.

How much dividend income has Royalties Inc. received from Music Royalties Inc. since October 2022?

Royalties Inc. has received $135,000 in dividends from its investment in Music Royalties Inc. since October 2022.

What is the current price of silver and how has it affected Royalties Inc.'s Bilbao project?

Silver has reached an 11-year high of US$32 per ounce, prompting Royalties Inc. to accelerate efforts to maximize the value of its Bilbao silver-zinc-lead project in Mexico.

How much has the silver price increased over the last year according to Royalties Inc.'s announcement?

According to the announcement, the silver price has increased by 50% over the last year.