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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.

Bacanora challenges late founder's royalty Bacanora challenges late founder's royalty Bacanora challenges late founder's royalty Bacanora challenges late founder's royalty 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-...