Kitco News, a leading source in precious metals reporting, recently highlighted newcomer Nations Royalty (Ticker: NRC.v) and how it has positioned itself as a pioneer in the royalty sector, particularly within the Golden Triangle, a region known for its rich mineral resources.
According to Kody Penner, VP of Corporate Development, Nations Royalty enjoys a first-mover advantage in leveraging benefits agreements that have been largely untapped in the royalty space.
Nations Royalty's foundation is built on five Nisga’a Benefits Agreement Royalties, collectively valued at $214 million. These agreements provide Nations Royalty with a significant edge, uniting First Nations and Indigenous groups across Canada while attracting external investors.
Highlighted projects under these agreements include:
-Brucejack Gold Mine: Operated by Pretium Resources Inc., a subsidiary of Newmont, this high-grade underground gold mine is a key asset.
-KSM Deposit: A copper-gold-silver-molybdenum deposit being developed by Seabridge Gold.
-Premier Gold Project: Commissioned by Ascot Resources, this project saw its first gold pour in April 2024, with commercial production set for Q3 2024.
-Red Mountain Gold Deposit: Also owned by Ascot Resources, this deposit adds to Nations Royalty's diverse portfolio.
-Kitsault Molybdenum Deposit: A fully permitted brownfield site advanced by New Moly, majority-owned by Resource Capital Fund VI.
Penner emphasized Nations Royalty's unique position to access tier-one assets that are cash-producing in safe jurisdictions. This strategic advantage allows the company to operate within lower cost quartiles, a benefit not typically available to smaller royalty companies.
Nations Royalty's innovative approach and strategic agreements position it as a leader in the royalty space, capitalizing on untapped opportunities within the Golden Triangle. The company's vision of uniting First Nations and welcoming external investors underscores its commitment to sustainable and inclusive growth in the mining sector.
Full article here: https://www.kitco.com/news/article/2024-07-23/untapped-opportunity-royalty-space-nations-royalty-builds-golden-triangle
Posted on behalf of Nations Royalty Corp.