Finance > Regulation

Bacanora challenges late founder's royalty

Bacanora Minerals (LN:BCN) has challenged the 3% gross over-riding royalty that would have gone to founder and former chairman Colin Orr-Ewing, who died in August last year.

Staff reporter

Finance > Regulation

Bacanora challenges late founder's royalty

Bacanora Minerals (LN:BCN) has challenged the 3% gross over-riding royalty that would have gone to founder and former chairman Colin Orr-Ewing, who died in August last year.

Staff reporter

Bacanora challenges late founder's royalty

Colin Orr-Ewing started Sonora as a borates project before moving it to lithium

The company, which has the Sonora lithium clay project in Mexico and the earlier-stage hard rock project Zinnwald in Germany, said the arrangement was based on a "misrepresentation" by Orr-Ewing.