Royal Road Minerals Limited (TSXV:RYR)Mining
Royal Road Minerals Limited is a copper and gold mining and exploration company which publicly trades its shares on the TSX Venture Exchange under the symbol RYR. The company conducts its exploration and development programs individually or through joint venture relationships with international mining companies or local entities and claims to be the largest exploration license holder in both Colombia and Nicaragua.
The company is a signatory to the British embassy's peace and business initiative in Columbia. Royal Road Minerals is engaged in a strategic alliance relationship with a post conflict cooperative known as ECOMUN.
The company operated in Nicaragua through a 50-50 joint venture with Hemco-Mineros Nicaragua. Royal Road mining has a wide portfolio of mineral properties based in Nicaragua and Colombia. Its Nicaraguan projects include
• Piedra Iman
• Los Andes
Projects owned in Colombia include:
• El Molino
• El Tambo
• Piedra Sentada-Concepcion
• La Llanada
• Rio Nulpe
Royal Road Minerals (RRM) claims to be committed to a sustainable approach towards mining and exploration. It states that it wants to reduce its ecological footprint and commits to operate in compliance with Equator Principles and sustainable development goals.
RRM considers Nicaragua to be highly prospective with a competitive cost structure and laws protecting foreign investors. The company also leverages its mining-friendly locations in Columbia and considers it to be a very prospective country for gold and copper.
Previously, the company owned a 50% interest in the Luna Roja Project in Nicaragua along with Hemco Nicaragua, a subsidiary of Mineros Carmelo. Royal Road Minerals sold its complete 50% stake in the Monte Carmelo I and Monte Carmelo II mining concessions to Hemco Nicaragua on May 21, 2021. The publicly traded entity publishes its financial reports and shareholder information on its official website.
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