Nations Royalty lists on TSX Venture Exchange
The Giustra-backed Indigenous royalty company is trading at C$0.89
Nations Royalty, an Indigenous royalty company, was listed on the TSX Venture Exchange on Friday.
The new royalty company, founded by the Nisga'a Nation and mining entrepreneur Frank Giustra, aims to become a top global royalty company specialising in indigenous-owned royalties and revenue streams.
"I believe that Nations Royalty will be as impactful in the mining and royalty space as when we founded Wheaton Precious Metals and introduced the concept of Metals Streaming in 2004," Giustra said.
Shares were at C$0.89 in Toronto's morning trade on Monday, slightly down from their listing price of C$0.9.
Nations Royalty completed an acquisition of royalty rights to properties in British Columbia's Golden Triangle, including Newmont's Brucejack gold mine.
"Our shareholding in Nations Royalty is an important step in optimising Nisga's value in the Tier 1 mines and development projects located in the Golden Triangle," Eva Clayton, president of Nisga'a Lisims government, said.
"Nations Royalty's vision presents a unique opportunity for the Nisga'a Nation, other First Nations and Indigenous groups, and investors to access a portfolio encompassing precious and critical metal mines, oil and gas ventures, and renewable energy projects."
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