“Royalty companies have been the crown jewel of the mining space over the past two decades; we have the first-mover advantage and look forward to creating significant value for all investors in Nations Royalty"
Nations Royalty Corp (TSXV: NRC) is looking to transform how First Nations groups can capitalize on their resource-related royalties, representing a unique and untapped segment in the royalty space.
NRC is dedicated to enabling First Nations and Indigenous communities to monetize their entitlements from various resource projects. These include royalties, income streams, and annual benefit payments secured through Benefit Agreements. This novel approach not only provides a financial avenue for these communities but also strengthens their involvement in the resource sector.
The company's initial portfolio is comprised of five key royalties under four agreements, all located within British Columbia’s resource-rich Golden Triangle. The assets include:
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Brucejack Mine: An operational copper-silver underground mine managed by Pretium Resource.
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Premier Gold Project: Overseen by Ascot Resources, this project has recently commenced gold production, with commercial production slated for Q3 2024.
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Red Mountain Gold: Another Ascot Resources project, positioned near the Premier Mine.
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KSM: A developing project by SeaBridge Gold, offering exposure to copper, gold, silver, and molybdenum.
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Kitsault: A fully permitted brownfield site for molybdenum advancement, operated by New Moly LLC.
Collectively, these assets hold a net asset value estimated at approximately USD 214 million. Revenue projections are promising, with expectations of USD 4 million in 2024, growing to USD 52 million by 2032 based on current assets and projected production timelines.
The Nisga’a Nation is a significant stakeholder, owning around 76.8% of Nations Royalty through their holdings of 111.1 million common shares. This majority position allows the Nisga’a Nation to nominate four board members, ensuring their substantial influence over the company's strategic direction.
Other notable shareholders include Frank Giustra, a prominent figure in the mining industry and founder of the entity that evolved into Goldcorp, and Wheaton Precious Metals, through its Fiore Group, holding a 15.6% interest. Both major shareholders are subject to a three-year escrow agreement.
Nations Royalty Corp is poised to make a significant impact in the mining and royalty sectors, offering a pioneering model for First Nations' economic participation in resource development.
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https://thedeepdive.ca/nations-royalty-hits-market-with-multiple-key-assets-in-bcs-golden-triangle/
Posted on behalf of Nations Royalty Corp.