Royalties Inc. is a Canada-based diversified royalties company. The Company has a 3.9% stake in Music Royalties Inc. (MRI), a Canada-based private company that acquires passive music royalties from rightsholders, including artists, producers and songwriters, and holds a portfolio of approximately 31 cash-flowing music royalties. The Company also has interests in exploration and evaluation properties located in Mexico, owning a 100% interest in the Bilbao silver-zinc-lead project located in the southeastern part of the State of Zacatecas. It also owns an 88% interest in Minera Portree de Zacatecas, S.A. de C.V (Minera Portree), which holds an asserted claim to a 2% net smelter royalty on five mining concessions known as the Portree claims at the Cozamin Mine in Zacatecas, Mexico, which is operated by Capstone Copper Corp.