Nations Royalty Corp. (TSXV: NRC), a company specializing in Indigenous-owned royalties, recently announced a significant regulatory milestone for the KSM Project in British Columbia, which it holds a substantial royalty on.
The government of British Columbia granted the "Substantially Started" designation to Seabridge Gold's KSM Project, the world’s largest undeveloped gold project, securing the project’s Provincial Environmental Assessment Certificate in perpetuity.
This milestone is seen as a crucial step in advancing the project, which hosts an impressive 47.3 million ounces of gold and 7.3 billion pounds of copper in Proven and Probable Reserves.
Nations Royalty, largely owned by the Nisga’a Nation, views this as a cornerstone asset for its future success. The company’s leadership, including CEO Rob McLeod and VP of Corporate Development Kody Penner, expressed optimism about the project's potential to drive long-term economic benefits for both Nations Royalty and its Indigenous partners.
The Substantially Started designation also appears to have reinvigorated interest from potential joint venture partners, with Seabridge Gold's CEO Rudi Fronk indicating that discussions with six major gold and copper companies are underway, potentially leading to a partnership that could secure the financial backing needed to develop the project.
Nations Royalty's involvement in the KSM Project is part of a broader strategy to grow into a leading global royalty company, focusing on precious metals, critical minerals, and renewable energy.
This regulatory progress marks a significant step towards realizing that vision, underscoring the company's unique position in leveraging Indigenous ownership and partnerships in the resource sector.
More here
https://www.theglobeandmail.com/investing/markets/markets-news/TheNewswire.com/27968084/permit-milestone-on-47-million-ounce-ksm-gold-deposit-is-positive-news-for-nations-royalty/
Posted on behalf of Nations Royalty Corp.