Royal Road competed against 6 other mining and exploration companies, and was evaluated under the criteria of innovation, effectiveness, replicability, social inclusion, creation of alliances and sustainability.
The Accelerator is a wholly-owned, yet financially independent subsidiary of Royal Road which supplements the Company’s ongoing social initiatives by identifying commercial opportunities in its rural communities in Nicaragua and Colombia and collaborating with other investors and other stakeholders to incubate and spin-out innovative enterprises engaged in the cultivation and fabrication of goods for international markets. The Accelerator is currently advancing Cloris Ltd (a hemp CBD project) in Nariño, Colombia and the Quassia and Amaral projects (natural bioinsecticide and commercial beverage projects) in Nicaragua.
Source: Dr Tim Coughlin, President and CEO, Royal Road Minerals Ltd
CGS – Economic Development Award
Camila Gutierrez (Centre), Managing Director of the Royal Road Accelerator accepts the Economic Development Award along side Mauricio Valencia (Left: Chief Geologist Royal Road) and Luis Puerto (Right: Colombia Country Manager)