Royal Road seeks new horizons in 2023
Copper explorer to consolidate existing operations and take first steps into Saudi
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Copper explorer to consolidate existing operations and take first steps into Saudi
Under the nearly US$25 million deal with Mineros subsidiary Hemco Nicaragua, Royal Roads also will get a 1.25% net smelter royalty
Royal Road Minerals Limited: Royal Road Minerals Enters into Binding Letter of Intent for the Sale of Its 50% Interest in the Luna Roja Gold Project in Nicaragua Royal Road" or the " Letter Agreement") with Mineros S.A. (" Mineros"), pursuant to which the Company has agreed to sell to Mineros its entire 50% interest in the Luna Roja Project, comprising the Monte Carmelo I and Monte Carmelo II mining concessions, in Nicaragua. The Luna Roja Project is currently jointly owned and operated by the Company and Hemco -Nicaragua,S.A. ("Hemco"), a wholly-owned subsidiary of Mineros, pursuant to the t...