Recently listed on the TSX Venture last Friday, Nations Royalty (NRC.v) is an innovative Indigenous Royalty Company, established to provide exposure to royalties derived from Benefit Agreements with First Nation.
As detailed in a recent Mining Stock Daily podcast, NRC aims to drive economic independence for Indigenous communities by managing significant assets and reducing their reliance on government transfer payments:
https://podcasters.spotify.com/pod/show/mining-stock-daily/episodes/Nations-Royalty-Begins-Trading-and-Looking-to-Expand-Portfolio-e2l92s2/a-abcrb4q Indigenous Ownership and Purpose:
- Aim to be the largest majority indigenous-controlled publicly traded company in Canada, setting a precedent for indigenous communities.
- Plan to focus on indigenous royalties, partnering with indigenous communities to create wealth for shareholders, predominantly indigenous groups.
Key Personnel and Their Backgrounds:
- Derek Pattenden is from the Mohawks of the Bay of Quinte First Nation.
- Cody Penner is from the Tahltan Nation, which has a history of resource development and significant projects in the Golden Triangle of BC.
Business Model and Strategy:
- Work on various forms of royalties, such as NSRs (Net Smelter Returns) and NPIs (Net Profit Interests), and potentially mineral tax royalties.
- Aims to bring immediate value to indigenous groups by monetizing long-term royalty streams, allowing these groups to use the funds for immediate benefits such as economic development, education, and environmental protection.
- Advantages of combining multiple royalty streams into a single portfolio to reduce risk and increase value.
Future Plans and Potential Impact:
- Hopes to serve as a model for economic empowerment and sustainable development for indigenous groups.
- Potential for expanding beyond Canada to work with other indigenous groups globally.
In merging royalties and incomes from various resource projects to attract external investors, promoting economic growth and reconciliation NRC is aiming to capitalize on economic growth, diversification and the empowerment of Indigenous communities in the public and capital markets.
For more information, refer to Northern Miner's feature on NRC:
https://www.northernminer.com/news/nations-royalty-listing-marks-indigenous-milestone/1003868831/ Posted on Behalf of Nations Royalty Corp.