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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Nova Royalty Corp > NOVA ROYALTY COMPLETES ACQUISITION OF ROYALTY

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Post by Betteryear2 on Feb 08, 2022 7:19am

NOVA ROYALTY COMPLETES ACQUISITION OF ROYALTY

(All dollar amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, BC, Feb. 8, 2022 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that, further to its news release dated January 10, 2022, it has completed its acquisition (the "Transaction") of an existing 0.135% net smelter return ("NSR") royalty on the Copper World and Rosemont copper projects in Arizona (the "Royalty"), owned by Hudbay Minerals Inc. (TSX: HBM) (NYSE: HBM). Nova has also been granted a Right of First Refusal in respect to an additional 0.540% NSR covering the same area as the Royalty.