Xtierra (TSE:RI) has released an update.
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Royalties Inc. has successfully completed a private placement, raising $105,000 through the sale of 3,000,000 shares, bolstering its financial position to cover corporate and Mexico-related expenses. With a surge in the silver market, the company is intensifying efforts to enhance the value of its Bilbao silver-zinc-lead project in Mexico. Additionally, the company benefits from a steady income stream from its 2% stake in Music Royalties Inc., which delivers a 7.2% annual yield from its portfolio of music royalties.
For further insights into TSE:RI stock, check out TipRanks’ Stock Analysis page.
