Bacanora Minerals Limited (LON:BCN) (CVE:BCN) has filed a statement of claim with the Court of Queen's Bench in Alberta seeking to void a 3% gross over-riding royalty held by the estate of Colin Orr-Ewing over certain of the company's lithium assets in Sonora, Mexico.
The basis of Bacanora’s claim is that the royalty was originally granted based on the misrepresentation of Colin Orr-Ewing that he held a pre-existing royalty granted prior to the acquisition of the lithium properties by the company.
Bacanora has completed a review of the historical background and concluded that no such pre-existing royalty existed and accordingly there was no basis for the grant of the royalty by the company.