NRC & the KSM Royalty - Largest Fully Permitted CuAu Deposit KSM Royalty: Nations' Stake in 'Largest Fully Permitted Copper Gold Deposit - Nations Royalty & The Deep Dive Interview Summary
Having recently commenced trading on the OTCQB Venture Market, Nations Royalty (NRC.v NRYCF) CEO Robert McLeod, joined the Deep Dive during the 2024 Beaver Creek Precious Metals Conference, to detail the current state of the mining industry and NRC's unique business model: https://www.youtube.com/watch?v=jXYdoSD3AGM
Conference Buzz: Stocks vs. Gold Price
- Rising gold prices ($2500) haven't resulted in a corresponding rise in stock values.
- Bullish sentiment for critical minerals and M&A activity, but stocks remain stagnant.
- McLeod anticipates market movement when least expected.
Overview of Nations Royalty
- Nations Royalty focuses on indigenous-owned mining royalties, particularly in precious metals.
- Founding group: Nisga’a Nation from the Golden Triangle.
- Holds five key royalties including Brucejack, KSM and Red Mountain.
- Targets expansion by acquiring additional royalties from indigenous groups globally.
KSM Asset: Timeline to Production
- KSM is the world’s largest fully permitted copper-gold deposit.
- Seabridge Gold owns KSM but is not developing it due to high costs.
- Seabridge is negotiating with six companies for a sale or joint venture.
- A major announcement regarding KSM is expected soon.
Ascot's Premier Mine Pause: Impact on Nations
- Ascot’s Premier Mine has been put into care and maintenance, impacting Nations Royalty’s financial models.
- The mine is expected to resume production after six months of underground development.
- Cash flow will likely be delayed by 9-12 months.
Insider Buying: Confidence in the Company
- McLeod and CIO Derek Penton have been buying shares, reflecting their confidence.
- They believe Nations Royalty is significantly undervalued.
- Insiders expect stock prices to rise as the company grows.
Deal Pipeline: Indigenous Partnerships
- Nations Royalty is negotiating with indigenous groups across Canada, including in the Abitibi Belt.
- Advocating for topline royalties to ensure fairer financial terms for indigenous communities.
- New deals are expected by the end of 2024, with more progress anticipated in 2025.
Looking Ahead: Predictions for Next Year
- McLeod is optimistic about seeing capital flow into equities in the coming year.
- He hopes to discuss several new deals and significant progress by this time next year.
Expressing optimism for the future, McLeod expects to see capital flow into equities in the coming year alongside several new royalty deals.
For more information, refer to this deep dive: https://www.reddit.com/r/PennyStocksCanada/comments/1f8ecqo/interview_breakdown_nations_royaltys_nrcv_derrick/
Full News Release: https://nationsroyalty.ca/2024%2F09%2F10-news-release
Posted on Behalf of Nations Royalty Corp.