Overview of NRC’s Strategic Operations
Nations Royalty Corp. (Ticker: NRC.v or NRYCF for US investors) focuses on building a diversified portfolio through royalties, income streams, commodity interests, and annual payment entitlements from resource projects situated on First Nations' lands. This strategy mirrors successful models seen in other publicly traded royalty companies, promoting growth and shareholder value.
Key Projects on Nisga’a Nation Land
NRC holds annual payment entitlements tied to significant resource projects in Canada, notably located on Nisga’a Nation territory. These include:
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The KSM Project
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Brucejack high-grade gold mine
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Premier Gold Project
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Red Mountain Gold Deposit
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Kitsault Molybdenum Deposit
Significant Update: KSM Project Receives “Substantially Started” Status
One of NRC's royalty interests, the KSM Project operated by Seabridge Gold Inc., received the “Substantially Started” designation from the British Columbia Provincial Government. This designation guarantees that the Provincial Environmental Assessment Certificate for the project remains permanently valid, securing future development efforts.
KSM Project Overview
The KSM Project, situated in the renowned Golden Triangle region of British Columbia, is recognized as the largest permitted copper-gold development project globally, with:
Seabridge Gold has invested over $800 million into the project since receiving the Environmental Assessment Certificate, with notable advancements in road and power infrastructure and the construction of camp facilities.
NRC’s Financial Interest in the KSM Project
NRC’s interest in the KSM Project stems from the KSM Payment Entitlement, which is calculated based on the tax payable by Seabridge under the British Columbia Mineral Tax Act. This entitlement secures NRC an annual benefit payment for the entirety of the project’s operational life.
The KSM Payment Entitlement was negotiated by the Nisga’a Nation and integrated into NRC’s portfolio as part of a larger royalty agreement. The Nisga’a Nation holds a significant stake and is the biggest shareholder in Nations Royalty Corp.
Full news here: https://nationsroyalty.ca/2024%2F07%2F30-news-release
Posted on behalf of Nations Royalty Corp.