Belgravia Hartford Updates on Litigation and Corporate Developments in 2026

On March 9, 2026, Belgravia Hartford Capital Inc. (CSE: BLGV) (OTC: BLGVF) (FRA: ECA) announced notable developments regarding its ongoing legal situation with PolyNatura Corp., a company financed by Cartesian Capital Group. The case revolves around the enforcement of a royalty interest valued at US$12.2 million, specifically linked to water and mineral rights associated with the Ochoa Project located in Lea County, New Mexico.

Recent Court Proceedings

The United States District Court for the District of New Mexico convened on February 3, 2026, to discuss a motion to dismiss filed by PolyNatura in the ongoing case of Belgravia Hartford Capital Inc. et al v. Polynatura Corp. During the hearing presided over by Judge Margaret I. Strickland, both parties presented their arguments. The court has yet to deliver a decision concerning this motion, leaving Belgravia in a state of anticipation. In addition, the judge has postponed the pretrial conference and trial dates initially set for mid-February, indicating a thorough review of all motions involved.

While participating in an in-person settlement conference on February 2, 2026, in Las Cruces, New Mexico, Belgravia did not reach a resolution with PolyNatura. Nevertheless, the company has expressed its willingness to engage in further negotiations, indicating a commitment to explore amicable solutions.

Mehdi Azodi, President and CEO of Belgravia Hartford, conveyed confidence in the company’s legal standing and emphasized the importance of protecting shareholder interests while progressing toward monetizing its royalty portfolio. The legal team is actively exploring all options to secure the full value of their US$12.2 million royalty interest.

Financial Developments

In a significant step toward improving its financial health, Belgravia has fully repaid a US$5 million convertible debenture to Round13 Digital Asset Fund. This repayment was executed by disbursing 42.377 Bitcoin. The strategy to utilize Bitcoin was influenced by the asset's market price drop compared to its acquisition cost, leading to reduced interest expenses associated with the Bitcoin-based obligation. This decision is expected to strengthen Belgravia's balance sheet, allowing the company to assess alternative financing avenues.

Belgravia currently holds unencumbered assets, including:

- 17.00844408 Bitcoin
- 9,123 shares in BITX Bitcoin X2 Strategy ETF
- 7,030,000 common shares in DelphX Capital Markets Inc. (DELX-TSX.V)
- 1,600,000 warrants in DelphX, exercisable at $0.08

It should be noted that these securities have not been registered under the United States Securities Act of 1933 and as such, may not be offered or sold within the U.S. without proper registration or exemption from such regulations.

Belgravia Hartford operates within an investment framework focused on the technology and finance sectors of the Bitcoin ecosystem, per its 2018 Investment Policy. The company engages with both private and public ventures in law-abiding jurisdictions and is characterized by its high-risk investment strategy, exposing shareholders to substantial market fluctuations and potential losses.

Conclusion

As Belgravia Hartford navigates its legal and financial undertakings, its management remains steadfast in ensuring effective strategies are implemented to safeguard shareholder value and the company's long-term viability. In light of the current circumstances, stakeholders are encouraged to follow the company's progress closely, as further updates are anticipated.

For additional information regarding legal disclaimers and updates about the company, interested parties are directed to visit Belgravia Hartford's official website.