Core Viewpoint - Royalties Inc. reported significant financial results for Q3 2025, highlighting a substantial increase in revenue driven by dividend income from Music Royalties Inc. and a successful legal outcome regarding a 2% net smelter royalty on Capstone Copper's Cozamin Mine [3][5]. Financial Performance - The company generated revenue of $41,240, reflecting a 60% increase, with $36,150 from dividend income and $5,090 from other royalty income [3]. - Operating expenses rose to $111,727, a 130% increase, primarily due to costs associated with OTC US listing, legal fees, and marketing efforts related to the Capstone lawsuit, resulting in an operating loss of $70,487 compared to $22,875 in Q3 2024 [3]. - A non-cash foreign exchange loss of $62,273 led to a net loss of $132,760 for the quarter, compared to a net loss of $31,454 in Q3 2024 [3]. - For the nine-month period, the net loss was $54,584, an improvement from a loss of $118,762 in the previous year [3]. Asset Growth - As of September 30, 2025, total assets increased to $2.775 million, up from $1.25 million at the end of 2024, largely due to a $1,525,000 investment in Music Royalties Inc., expected to generate $181,800 in annual dividend income [4]. Legal Developments - Royalties Inc.'s subsidiary, Minera Portree de Zacatecas, secured a legal victory confirming its entitlement to a 2% net smelter royalty on Capstone's Cozamin Mine, with the appellate court rejecting Capstone's appeal [5][10]. - The estimated amount owed to Minera Portree for past production is approximately $9 million, based on Capstone's public disclosures [5][8]. - The 2% NSR is projected to yield around $1.5 million annually, with potential future value estimated at $25 million due to ongoing copper price increases and additional resource potential [9]. Market Context - Capstone reported $234 million in net revenues in 2024, paying $4.4 million in royalties, indicating the financial significance of the royalties landscape [7]. - The ongoing legal disputes and the company's commitment to accountability may influence Capstone's management decisions moving forward [10].

Core Viewpoint - Mirasol Resources Ltd. has signed a definitive agreement with Ampere Metals Pty. Ltd. for the sale of mineral rights and landholdings within the Virginia Silver Project in Argentina, which is expected to provide significant funding for ongoing exploration projects while retaining a royalty for shareholders [1][2]. Summary by Sections Agreement Details - The definitive agreement allows Ampere Metals to acquire 51% of the Virginia Project for a total consideration of US$4 million, with an option to acquire the remaining 49% for an additional US$4 million. Mirasol will retain a 2% net smelter royalty [3][6]. Financial Terms - The payment structure includes an initial payment of US$50,000 upon signing the memorandum of understanding, followed by various payments totaling US$8 million over 7 years, with specific amounts due at different intervals [7][6]. Resource Estimate - The Virginia Project hosts an indicated mineral resource of 11.7 million ounces of silver at a grade of 357 g/t and an inferred mineral resource of 7.9 million ounces at a grade of 184 g/t, highlighting the project's high-grade mineralization potential [2]. Company Background - Mirasol Resources Ltd. is an exploration company with over 20 years of experience in Argentina and Chile, currently self-funding exploration at its flagship Sobek Copper-Gold project and advancing a pipeline of early and mid-stage projects [10]. Ampere Metals Overview - Ampere Metals is an Australian-based mining company focused on high-quality silver-gold projects, aiming to deliver sustainable returns through economically viable assets [11].

Core Points - Royalties Inc. has received approval to trade on the OTCID Market in the US, enhancing its visibility and disclosure capabilities to US investors, brokers, and regulators [1] - The company's trading symbol 'ROYIF' has positively impacted trading activity in the US, coinciding with a legal victory against Capstone Copper Corp. regarding a 2% net smelter royalty (NSR) on the 'Portree claims' [1][5] - The lawsuit victory supports Royalties Inc.'s claim to royalties established in 2002, which are linked to the Cozamin Mine's production since at least 2019 [1][5] Company Overview - Royalties Inc. owns a 100% interest in the Bilbao silver-zinc-lead project in Zacatecas, Mexico, subject to a 1.5% NSR [5] - The company holds an 88% stake in Minera Portree de Zacatecas, S.A. de C.V. (MPZ), which has a court-approved claim to a 2% NSR on five mining concessions known as the 'Portree claims' [5] - MPZ's legal actions against Capstone Copper Corp. began in 2021 to invalidate a contract that improperly transferred ownership of the royalty, which has now been supported by the court [5] Financial Performance - Royalties Inc. has a 2.9% stake in Music Royalties Inc. (MRI), which has acquired 31 cash-flowing catalogs and paid out over $11 million in dividends since 2019, generating a 7.2% annual yield [5]