Royal Road Minerals Ltd (TSX-V:RYR, OTC:RRDMF, FRA:RLU) said on Wednesday it is working to consolidate multiple mining licenses along a prospective copper corridor in Morocco's Western High Atlas, following encouraging drill results reported last year.
The company, which holds an option to acquire 100% of the Lalla Aziza underground copper mine located roughly 90 kilometres southwest of Marrakesh, said it has signed a confidentiality agreement granting it an exclusivity period over an adjacent mining title within the same structural corridor.
The firm said it has engaged SCP Resource Finance, an independent broker specializing in the mining sector, to evaluate potential transaction structures.
Royal Road said it is pursuing consolidation of multiple licenses along the Seksaoua shear zone, including its existing interests, into a single, coherent project, an effort that would likely require restructuring existing arrangements under a new framework.
The push comes after a 15-hole, 1,000-metre reverse circulation drilling campaign completed in mid-2025 returned grades including 19 metres at 1.1% copper, 17 metres at 1.3% copper, and 21 metres at 1% copper, among other intersections. The company said mineralization shows continuity along strike and remains open at depth.
Royal Road entered into an option agreement in December 2024 with Moroccan operator Carbomine SARL, which owns and operates the mine. The company said certain unspecified corporate matters affecting Carbomine have delayed formal license transfer processes, though it added those matters are progressing through appropriate channels.
Depending on the outcome of ongoing discussions, Royal Road said it would weigh options ranging from advancing the project itself or pursuing deals designed to unlock value for shareholders.