Royal Road Minerals (TSXV: RYR), a Jersey-based explorer with projects in South America, is expanding to a copper-gold project in Morocco with an option to purchase Izughar Resources for nearly US$3.4 million.
The deal is being done through a 50-50 partnership with Saudi Arabian company MSB Holdings, Royal Road said in a release on Tuesday, October 17.
The partner, which owns units in construction to cybersecurity, is run by Tareq Telemesani, a Saudi real estate developer. He led Jeddah Development & Urban Regeneration, Knowledge Economic City and once worked for state oil company Aramco.
Source: The Northern Miner
