Bullboard - Stock Discussion Forum Nova Royalty Corp V.NOVR

Metals & Mining Industrial Metals & Minerals

Nova Royalty Corp. is a royalty and streaming company. The Company is focused on acquiring copper and nickel Net Smelter Return Royalties (NSRs), Gross Value Return Royalties, Net Proceeds Royalties (NPRs), Net Profit Interests, Gross Proceeds Royalties, Gross Overriding Return Royalties, and non-operating interests in mining projects that provide the right to the holder of a percentage of the... see more

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TSXV:NOVR - Post Discussion

Nova Royalty Corp > TO ADD ROYALTY

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Post by Betteryear2 on Jan 10, 2022 7:52pm

TO ADD ROYALTY

VANCOUVER, BC, Jan. 10, 2022 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that it has entered into a royalty purchase agreement (the "Agreement") with arm's length private parties (the "Sellers") pursuant to which Nova will acquire an existing 0.135% net smelter return ("NSR") royalty, (the "Royalty") on the Copper World and Rosemont copper projects in Arizona, USA (the "Transaction"), owned by Hudbay Minerals Inc. ("Hudbay") (TSX:HBM) (NYSE: HBM). Nova will also be granted a Right of First Refusal (the "ROFR") in respect to an additional 0.540% NSR owned by the Sellers covering the same area as the Royalty. The purchase price for the Royalty includes $1.0 million in cash and $0.5 million in stock payable at closing, $1.0 million in cash payable 12 months after closing, and $3.0 million in cash following the ramp-up of production at either Copper World or Rosemont.

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