Sport Investors League
  • Politics
  • Stocks
  • Investing
  • Business

Sport Investors League

  • Politics
  • Stocks
  • Investing
  • Business
Investing

Indigenous-owned Mining Royalty Firm Targeting Canadian Resource Opportunities

by admin November 20, 2024
November 20, 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
2024 Infill Drilling on Satellite Uranium Growth Deposits Complete
next post
SAGA Metals Announces Assay Results from North Wind Iron Ore Project

Related Posts

Missing Silver Bars Bring Mining Community Together

March 8, 2025

Gold Majors Ride Price Surge to Strong Q2...

August 15, 2025

Appointment of TritonLake as Global Corporate and Financial...

October 14, 2024

Element79 Provides Corporate Updates

January 31, 2025

Gold Price Breaks US$2,900 as Tariff Turmoil Boosts...

February 11, 2025

Wheaton Precious Metals Dedicates US$1 Million Prize to...

September 19, 2024

What are Spot Ethereum ETFs? (Updated 2024)

June 7, 2024

More high-grade assays pave way for resource at...

June 10, 2025

Element79 Announces Closing of First Tranche of Non-Brokered...

November 16, 2024

Rio Tinto to Acquire Arcadium for US$6.7 Billion...

October 10, 2024

    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.

    Recent

    • Memorial service for assassinated Turning Point USA founder Charlie Kirk draws Trump, major GOP figures

      September 22, 2025
    • Russia shifts from talk to action, targeting NATO homeland amid fears of global war

      September 22, 2025
    • German officials condemn store owner who declared Jews banned from entry to protest Israel

      September 22, 2025
    • Trump honors Charlie Kirk’s legacy and describes him as a ‘martyr for American freedom’

      September 22, 2025
    • Charlie Kirk honored by 90K in one of the largest memorials for a private citizen

      September 22, 2025

    Categories

    • Business (1,107)
    • Investing (3,087)
    • Politics (3,773)
    • Stocks (1,155)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: sportinvestorsleague.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 © 2025 sportinvestorsleague.com | All Rights Reserved