'Nisga'a Nation guides world's first mining royalty company that's majority Indigenous-owned'
Groundbreaking Indigenous-majority-owned mining royalty company, Nations Royalty (NRC.v NRYCF), began trading on the TSX Venture Exchange in June, marking a significant step toward Indigenous economic reconciliation in Canada, as detailed in this article:
https://www.cbc.ca/news/canada/british-columbia/nations-royalty-mining-company-nisga-a-nation-bc-canada-1.7386290 Backed by Canadian financier Frank Giustra, NRC pools royalties from mining projects on Indigenous lands into a publicly traded entity, offering diversified exposure to investors while generating revenue for Indigenous shareholders.
With the Nisga’a Nation owning 77% of the company, Nations Royalty is a vital tool in the Nisga’a's pursuit of financial independence and reduced reliance on government funding.
Notably, NRC holds royalties from five mining projects in B.C.’s Golden Triangle and seeks to partner with other First Nations to scale its portfolio with the potential of over 400 mining benefit agreements across Canada as a foundation for growth, envisioning the company as a top-five royalty enterprise.
By providing Indigenous communities access to capital markets and enabling them to securitize royalties, Nations Royalty addresses historical financial inequities while creating a collective Indigenous economic enterprise. This innovative approach underscores the progress made toward economic reconciliation while highlighting the challenges that remain.
For more information, refer to this deep dive:
https://www.reddit.com/r/Wallstreetbetsnew/comments/1gg0zze/interview_summary_nations_royalty_corp_nrc_makes/ Posted on Behalf of Nations Royalty Corp.