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Royalties Inc. - XRESF STOCK NEWS

Welcome to our dedicated page for Royalties news (Ticker: XRESF), a resource for investors and traders seeking the latest updates and insights on Royalties stock.

Royalties Inc. (XRESF) is a diversified royalty company based in Toronto, Canada, focusing on acquiring and managing cash-flowing music royalties. In 2023, the company completed a significant name change and business shift to concentrate on revenue-generating royalty opportunities. Royalties Inc. has obtained several music royalties from various catalogs, including a monthly dividend from Music Royalties Inc. The company also holds interests in mining royalties, including the Bilbao property and a legal claim against Capstone Copper Corp. in Mexico. Financially, Royalties Inc. recorded dividend and royalty income, as well as assets and liquidity updates in its recent financial statements.

Rhea-AI Summary
Royalties Inc. (CSE: RI) reports Q3 2023 results, including acquisitions of music royalties generating significant income, a loss primarily due to audit fees, tax return filings, and Mexico expenses, and a decrease in total assets compared to the previous year.
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Royalties Inc. completes its 5th cash flowing music royalty acquisition, investing US$130,000 for a catalog that generated US$44,000 in royalty income last year. The company now has pro-forma annual royalty income of CAD$150,000 from five investments. RI also owns two mining royalties with potential optionality.
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FAQ

What is the market cap of Royalties (XRESF)?

The market cap of Royalties (XRESF) is approximately 4.5M.

What is Royalties Inc. (XRESF) focused on acquiring?

Royalties Inc. (XRESF) is focused on acquiring and managing cash-flowing music royalties through various catalogs.

What significant changes did Royalties Inc. undergo in 2023?

In 2023, Royalties Inc. completed a name change and a business shift to concentrate on revenue-generating royalty opportunities.

What are some of the recent acquisitions made by Royalties Inc. (XRESF)?

Royalties Inc. (XRESF) recently acquired music royalties from various catalogs, including a monthly dividend from Music Royalties Inc.

What are the mining interests held by Royalties Inc. (XRESF)?

Royalties Inc. (XRESF) holds interests in mining royalties, including the Bilbao property and a legal claim against Capstone Copper Corp. in Mexico.

What financial updates were recorded by Royalties Inc. in the recent financial statements?

Royalties Inc. recorded dividend and royalty income, as well as assets and liquidity updates in its recent financial statements.
Royalties Inc.

OTC:XRESF

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XRESF Stock Data

4.54M
125.12M
41.17%
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