Nations Royalty (NRC.v) Goes Public: Article Summary Nations Royalty Corp. (Ticker: NRC.V) made its debut on the TSX Venture on June 21, 2024, offering a fresh perspective on royalty investments.
As reported by the Deep Dive, this new company focuses on a previously untapped area: royalties granted to First Nations groups under Benefit Agreements. Nations Royalty aims to provide a platform for Indigenous groups to monetize their royalties, income streams, and annual benefit payment entitlements from resource projects.
The company's initial portfolio includes five key assets located within British Columbia’s Golden Triangle. These assets are underpinned by four agreements with the Nisga’a Nation, which holds a significant share in the company.
Among these assets is the Brucejack Mine, an underground copper-silver mine operated by Pretium Resource that is already producing.
Additionally, the Premier Gold Project, managed by Ascot Resources, is set to begin commercial production in the third quarter of 2024, following its first gold pour in April.
Another notable asset is the Red Mountain Gold project, also operated by Ascot Resources, located near the Premier Mine. The KSM project, developed by SeaBridge Gold, expands Nations Royalty’s exposure to copper, gold, silver, and molybdenum.
Lastly, the Kitsault site, advanced by New Moly LLC, is a fully permitted brownfield project focusing on molybdenum.
Together, these assets have a net asset value of approximately US$214 million. Revenue projections are optimistic, with an expected US$4.0 million in 2024, growing to US$52 million by 2032, based on current assets and projected production timelines.
The Nisga’a Nation, holding about 76.8% of the company through 111.1 million common shares, plays a crucial role in Nations Royalty. With this, Nations Royalty is now the largest majority indigenous-owned public company in Canada.
Other significant shareholders include prolific mining investor Frank Giustra.
Nations Royalty Corp’s introduction to the TSX Venture represents a groundbreaking development, offering First Nations groups a new avenue to benefit from their resource entitlements while providing investors with a unique opportunity in the royalty space.
The company's first-mover advantage positions it to create substantial value for its investors.
Full article here:https://thedeepdive.ca/nations-royalty-hits-market-with-multiple-key-assets-in-bcs-golden-triangle/
Posted on behalf of Nations Royalty Corp.