Unique Crypto Strategies
  • Business
  • Politics
  • Investing
  • World
  • Business
  • Politics
  • Investing
  • World

Unique Crypto Strategies

Investing

Indigenous-owned Mining Royalty Firm Targeting Canadian Resource Opportunities

by November 19, 2024
November 19, 2024
Indigenous-owned Mining Royalty Firm Targeting Canadian Resource Opportunities

Nations Royalty (TSXV:NRC,OTCQB:NRYCF), the first mining royalty company with majority Indigenous ownership, is attracting attention since listing on the TSX Venture Exchange this past June.

With 77 percent ownership by the Nisga’a Nation, the firm is also backed by Canadian businessman Frank Giustra.

As explained on Nations Royalty’s website, the idea is to use mining royalties as a means to achieve financial independence for Indigenous communities, while also providing opportunities for investors.

Mining royalties, a common feature of benefit agreements between resource companies and First Nations, are pooled together under Nations Royalty’s portfolio. By collecting these royalties through a publicly traded entity, the company provides a mechanism for Indigenous groups to monetize future revenues and attract broader investment.

This strategy aligns with the Nisga’a Nation’s goal of self-sufficiency and reducing reliance on government funding.

According to Charles Morven, secretary-treasurer for the Nisga’a Nation, Nations Royalty represents a step toward managing the nation’s wealth independently and achieving financial capacity within capital markets.

“We want to be accountable to ourselves. Nations Royalty will allow us to manage our own wealth, instead of relying on government funding,” Morven told the Canadian Press in a Monday (November 18) article.

Portfolio focused on BC’s Golden Triangle

Nations Royalty currently holds royalties on five major projects in the Golden Triangle of BC, Canada.

These include annual benefit payments tied to high-profile sites like Newmont’s (TSX:NGT,NYSE:NEM) producing Brucejack gold mine and Seabridge Gold’s (TSX:SEA,NYSE:SA) KSM project. Other royalties in the portfolio relate to the Premier gold project, the Red Mountain gold project and the Kitsault molybdenum project.

While the Nisga’a Nation is the majority owner, the company is actively seeking partnerships with other Indigenous groups to expand its shareholder base and royalty portfolio.

Rob McLeod, CEO of Nations Royalty, told the Canadian Press that there are over 400 benefit agreements between First Nations and mining companies across Canada, representing significant untapped potential.

He added that for Indigenous communities with limited access to capital or a single mining project on their land, joining Nations Royalty offers the ability to generate revenue even before mines begin production.

Additionally, shareholders can use their equity to access loans or fund further development projects.

Indigenous governance and recent developments

Nations Royalty’s board of directors and executive team reflect its commitment to Indigenous leadership, with nearly all members coming from Indigenous backgrounds. While McLeod currently serves as CEO, the company plans to transition to Indigenous leadership as it builds capacity within its ranks.

The company’s annual general and special meeting was held on November 14, and Nations Royalty reported strong shareholder support for its business agenda at the event. All director nominees were elected, Deloitte was appointed as auditor and an amended stock option plan was approved.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Graham asks 51 intel officials on Hunter laptop letter if they’d still sign it now amid threats to clearances
next post
Walmart will likely raise some prices if Trump tariffs take effect, CFO says

You may also like

Ramp Metals Discovers New Mineralized Target Northwest of...

Sarama Completes A$2m Equity Placement and ASX Cleansing...

Radiopharm Theranostics and Cyclotek Sign Clinical Supply Agreement...

Rock Chip Results Confirm Polymetallic Potential

Lead Price Forecast: Top Trends for Lead in...

Will China’s US$1.4 Trillion Debt Relief Package be...

Strategic Alliance with Macmahon to Accelerate Redevelopment of...

Ghana Expels Foreigners from Local Gold Market in...

Bidder’s Statement

Fortune Minerals Announces Second Draw From Convertible Securities...

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Maritime Resources: A Low-risk Path to Gold Production in One of the...

    • Russia sanctions bill gains steam as White House appears to change tone on Putin

    • Justice Jackson: I get to tell people ‘how I feel’ in court opinions

    • Trump’s nominee to lead US Office of Special Counsel refutes antisemitic claims and ties to Holocaust denier

    • Comer dismisses Biden doctor’s bid for pause in cover-up probe: ‘Throwing out every excuse’

    Categories

    • Business (542)
    • Investing (2,685)
    • Politics (4,279)
    • Uncategorized (1)
    • World (2,735)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: uniquecryptostrategies.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 uniquecryptostrategies.com | All Rights Reserved


    Back To Top