KSM Project Nearing Potential Joint Venture Partnership Following the receival of a key permit designation from the BC Government, the KSM gold-copper project has attracted a range of attention with Seabridge Gold nearing a potential joint venture partnership.
The permit designation is a significant milestone that indicates construction has 'substantially started,' validating the project's environmental assessment certificate for its entire lifespan and making KSM the largest permitted copper-gold development project globally.
Providing a unique opportunity to capitalize, Nations Royalty (NRC.v) holds an entitlement to annual benefit payments from the KSM Project, calculated based on the project's tax payable under the Mineral Tax Act (British Columbia). This entitlement was negotiated by the Nisga'a Nation and contributed to Nations Royalty's royalty portfolio.
The KSM Project hosts 47.3 million ounces of gold and 7.3 billion pounds of copper in proven and probable reserves, with over $800 million spent on development, including road, power infrastructure, and camp construction.
News Release: https://www.mining.com/ksm-permit-milestone-builds-competitive-tension-for-huge-gold-copper-project-seabridges-fronk-says/
Posted on Behalf of Nations Royalty Corp.