Indigenous-led Canadian company adds major royalties to portfolio - Nations Royalty (NRC.v NRYCF) is Canada's first Indigenous-owned, publicly traded royalty company and is focused on generating wealth for Indigenous communities by managing existing royalty agreements on mining projects.
As detailed in the latest interview with Mining.com, NRC's Chief Investment Officer, Derrick Pattenden, NRC added royalties from Newmont’s Brucejack mine in British Columbia to its portfolio:
https://www.mining.com/indigenous-led-canadian-royalty-company-in-strikes-deals-with-major-mines/ Notably, NRC is 77% Indigenous-owned and allows Indigenous groups to retain ownership of royalty assets while accessing early financial benefits.
Backed by mining entrepreneur Frank Giustra, Nations Royalty collaborates with First Nations and Indigenous groups rather than negotiating directly with mining companies, promoting economic empowerment and diversification among Indigenous communities.
For more information, refer to this deep dive:
https://www.reddit.com/r/Wallstreetbetsnew/comments/1g93krl/nations_royalty_corp_nrcvnrycf_expands_indigenous/ Posted on Behalf of Nations Royalty Corp.