Latest news with #royalties
National Post
3 days ago
- Business
- National Post
Lithium Royalty Corp. Announces Voting Results
Article content TORONTO — Lithium Royalty Corp. (TSX: LIRC) ('LRC') announced the successful election of each of the director nominees listed in the management proxy circular for the annual and special meeting of shareholders held today. The detailed voting results are set out below: Article content Article content Shareholders also appointed KPMG LLP, as the independent auditor of LRC, for the next year and the directors were authorized to fix its remuneration. Article content In addition, shareholders approved the renewal of the Company's omnibus equity incentive plan and all unallocated awards thereunder. Article content A report on all items of business voted at the Annual and Special Meeting of Shareholders has been filed on SEDAR+. Article content About Lithium Royalty Corp. Article content LRC is a lithium-focused royalty company organized in Canada, which has established a globally diversified portfolio of 35 revenue royalties on mineral properties that are related to the electrification and decarbonization of the global economy. The Company's royalty portfolio is focused on the battery supply chain for the transportation and energy storage industries and is underpinned by mineral properties that produce or are expected to produce lithium and other battery materials. LRC is a signatory to the Principles for Responsible Investment; the integration of ESG factors and sustainable mining are considerations in our investment analysis and royalty acquisitions. Article content Article content Article content Article content Contacts Article content Article content Article content
National Post
22-05-2025
- Business
- National Post
Royal Gold to Participate in the Renmark Financial Communications Virtual Non-Deal Roadshow Series on Wednesday, June 4, 2025
Article content DENVER — Royal Gold, Inc. (NASDAQ: RGLD) (together with its subsidiaries, 'Royal Gold' or the 'Company') announced today that management will present in the live Virtual Non-Deal Roadshow Series hosted by Renmark Financial Communications Inc. Alistair Baker, Senior Vice President, Investor Relations and Business Development, will present on Wednesday, June 4, at 11:00 a.m. PDT (12:00 p.m. MDT / 2:00 p.m. EDT), and access to a replay of the event will be available on our website beginning the week of June 9 or may be accessed on the Renmark Financial Communications Inc. website at Article content Article content REGISTER HERE: Article content Royal Gold is a high margin, mid-capitalization company that generates strong cash flows from a large and well-diversified portfolio of precious metal streams, royalties and similar production-based interests located in mining-friendly jurisdictions. Royal Gold shares trade under the symbol 'RGLD' and provide growth, value and income investors with exposure to the metals and mining industry. The Company's website is located at Article content Article content Article content Article content Article content Article content
Daily Mail
19-05-2025
- Business
- Daily Mail
AccuRadio files for Chapter 11 bankruptcy
AccuRadio has followed in the footsteps of iHeartRadio and Audacy by filing for Chapter 11 bankruptcy protection. Company founder and CEO Kurt Hanson confirmed Wednesday's bankruptcy filing was the result of a failed legal settlement with rights organization SoundExchange. SoundExchange had filed a lawsuit against Chicago-based AccuRadio for unpaid royalties owed to artists and labels last year. 'AccuRadio has spent almost 25 years building an innovative and well-loved music streaming service while facing royalty obligations that climbed to levels that seem to suggest the system is rigged, perhaps inadvertently, against small and midsize streamers,' Hanson said in a statement. As of now, the radio platform owes the non-profit organization more than $10 million, The Chicago Tribune reported. The company also owes around $200,000 each to the ASCAP (American Society of Composers, Authors, and Publishers) and Broadcast Music Inc (BMI). Known for being one of the earliest internet radio platforms, AccuRadio features music channels from over 60 genres, including playlists dedicated to Taylor Swift, The Beatles, and Adele. It receives more than one million monthly listeners. AccuRadio and SoundExchange have had a long history since the organization was created in 2003. SoundExchange has received more than $13.5 million in royalties over the years, but the ongoing lawsuit claimed AccuRadio stopped the payments in 2018. Despite creating a payment plan in 2020, SoundExchange accused AccuRadio of not following it, resulting in last year's suit filing. The two went head to head over settlements, which ultimately fell through. Both companies exited bankruptcy afterwards, and Hanson believes AccuRadio will do the same. 'Revenues have been consistently rising, and we are now profitable,' Hanson explained. 'Filing wasn't easy, but we believe AccuRadio will emerge healthier, more resilient, and better able to serve our loyal listeners and the artists we champion.' has reached out to AccuRadio for comment about the bankruptcy filing. It is one of many companies that have filed for bankruptcy this year, including various restaurants and fast food chains. It is not the only company to file for bankruptcy this year. Earlier this week, celebrity hotspot Planta filed for Chapter 11 bankruptcy . Hooters filed for bankruptcy in March , and Bar Louie abruptly closed restaurants before filing for the second time in five years . Other chains in trouble this year include On The Border Mexican Grill & Cantina and family-favorite restaurant Bertucci's . Want more stories like this from the Daily Mail? Visit our profile page and hit the follow button above for more of the news you need.
Daily Mail
19-05-2025
- Business
- Daily Mail
Pioneering radio network files for Chapter 11 bankruptcy following in iHeartRadio, Audacy footsteps
AccuRadio has followed in the footsteps of iHeartRadio and Audacy by filing for Chapter 11 bankruptcy protection. Company founder and CEO Kurt Hanson confirmed Wednesday's bankruptcy filing was the result of a failed legal settlement with rights organization SoundExchange. SoundExchange had filed a lawsuit against Chicago-based AccuRadio for unpaid royalties owed to artists and labels last year. 'AccuRadio has spent almost 25 years building an innovative and well-loved music streaming service while facing royalty obligations that climbed to levels that seem to suggest the system is rigged, perhaps inadvertently, against small and midsize streamers,' Hanson said in a statement. As of now, the radio platform owes the non-profit organization more than $10 million, The Chicago Tribune reported. The company also owes around $200,000 each to the ASCAP (American Society of Composers, Authors, and Publishers) and Broadcast Music Inc (BMI). Known for being one of the earliest internet radio platforms, AccuRadio features music channels from over 60 genres, including playlists dedicated to Taylor Swift, The Beatles, and Adele. It receives more than one million monthly listeners. Company founder and CEO Kurt Hanson confirmed the filing was the result of a failed legal settlement with SoundExchange AccuRadio and SoundExchange have had a long history since the organization was created in 2003. SoundExchange has received more than $13.5 million in royalties over the years, but the ongoing lawsuit claimed AccuRadio stopped the payments in 2018. Despite creating a payment plan in 2020, SoundExchange accused AccuRadio of not following it, resulting in last year's suit filing. The two went head to head over settlements, which ultimately fell through. 'We were extremely disappointed that we couldn't reach a negotiated settlement,' Hanson said. 'Furthermore, AccuRadio resumed full current payments to SoundExchange many months ago and continues to keep current with ongoing obligations.' The company's bankruptcy protection filing was similar to those filed by iHeartRadio's parent company iHeartMedia and Audacy in 2018 and 2024. Both companies exited bankruptcy afterwards, and Hanson believes AccuRadio will do the same. AccuRadio features music channels from over 60 genres, including playlists dedicated to Taylor Swift and The Beatles 'Revenues have been consistently rising, and we are now profitable,' Hanson explained. 'Filing wasn't easy, but we believe AccuRadio will emerge healthier, more resilient, and better able to serve our loyal listeners and the artists we champion.' has reached out to AccuRadio for comment about the bankruptcy filing. It is one of many companies that have filed for bankruptcy this year, including various restaurants and fast food chains. It is not the only company to file for bankruptcy this year. Earlier this week, celebrity hotspot Planta filed for Chapter 11 bankruptcy. Hooters filed for bankruptcy in March the second time in five years.
Sky News
16-05-2025
- Business
- Sky News
Superstar Adele joins backers of music royalties platform Audoo
Adele, the Grammy award-winning artist, has joined the list of music superstars investing in Audoo, a music technology company which helps artists to receive fairer royalty payments. Sky News has learnt that the British musician and Adam Clayton, the U2 bassist, have injected money into Audoo as part of a £7m funding round. The pair join Sir Elton John, Sir Paul McCartney and ABBA's Bjorn Ulvaeus as shareholders in the company. Changes to Audoo's share register were filed at Companies House in recent days. Audoo, which was established by former musician Ryan Edwards, is trying to address the perennial issue of public performance royalties, in order to ensure musicians are rewarded when their work is played in public venues. Mr Edwards is reported to have been motivated to set up the company after hearing his own music played at football stadia and in bars, without any payment for it. Estimates suggest that artists lose out on billions of dollars of unaccounted royalties each year. London-based Audoo uses a monitoring device - which it calls an Audio Meter - to recognise songs played in public venues, and which is said to have a 99% success rate. It has struck what it describes as industry-first partnerships with organisations including the music licensing company PPL/PRS to track and report songs played in public performance locations such as cafes, hair salons, shops and gyms. "At Audoo, we're incredibly proud of the continued support we're receiving as we work to make music royalties fairer and more transparent for artists and rights-holders around the world through our pioneering technology," Mr Edwards told Sky News in a statement on Friday. "We have successfully reached £7m in our latest funding round. "This funding marks a pivotal moment for Audoo as we focus on our growth in North America and across Europe, bringing us closer to our mission of revolutionising the global royalty landscape." Sources said the new capital would be used partly to finance Audoo's growth in the US. The latest funding round takes the total amount of money raised by the company since its launch to more than $30m. Mr Edwards has spoken of his desire to establish a major presence in Europe and the US because of their status as the world's biggest recorded music markets.
