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Nations Royalty

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Nations Royalty is seeking to become a top global royalty company, focused on Indigenous-owned royalties on precious metals and other natural resources assets.

Investor website: https://nationsroyalty.ca/

About

Nations Royalty is seeking to become a top global royalty company, focused on Indigenous-owned royalties on precious metals and other natural resources assets. It was founded by the Nisga’a Nation from northwest British Columbia, Canada and Frank Giustra, a renowned mining entrepreneur, who co-founded Wheaton Precious Metals. Nations Royalty is the first majority Indigenous-owned publicly traded company in Canada, aiming to unlock the value of Indigenous royalties and create economic reconciliation.

Verified company data

Cash position
C$5.7M
Shares outstanding
9375000
Fully diluted shares
155,430,637
Mineral resource
not discovered
Projects
["Newmont Corporation – Brucejack Mine\n\nBrucejack is one of the highest-grade operating gold mines in the world. The mining method at Brucejack is long-hole stoping using a combination of longitudinal and transverse mining, depending on zone width and orientation. The ore is crushed underground and conveyed to the surface where the fully enclosed mill produces gold-silver doré bars and flotation concentrate. Brucejack offers significant near-mine and district-scale exploration opportunities with exciting potential to realize resource and reserve growth.\n\nLocation: British Columbia\nMine Type: Underground\nMetals: Gold & Silver\nDate of First Production: July 2017\nRoyalty Structure: Nations Royalty owns a Brucejack Annual Payment equal to a percentage of the Mineral Tax payable by Newmont in each calendar year under the Mineral Tax Act in respect of Brucejack.","Ascot Resources Ltd. – Premier Project\n\nThe Premier Gold Project (“PGP”) is located 25 kilometres from the town of Stewart, on Nisga’a Nation Treaty Lands, in the prolific Golden Triangle of northwestern British Columbia. Stewart is situated at the end of the Portland Canal across the border from Alaska and has excellent infrastructure, including a paved highway to major transportation routes, a deep-water port (ice free in the winter), a concentrate load facility and extensive hydro power facilities for supporting mining and mineral exploration activities.\n\nLocation: British Columbia\nScale: 8,133 Hectares\nMetals: Gold & Silver\nKey Deposits: Premier, Silver Coin & Big Missouri.","Ascot Resources Ltd. – Red Mountain Project\n\nThe Red Mountain Project (“RMP”) is located 15km northeast of the town of Stewart near the headwaters of the Bitter Creek Valley within Nisga’a Nation traditional territory. The Project was advanced by IDM Mining Ltd. between 2014 and 2019. A substantial deposit of high-grade gold has been delineated, primarily in the Measured and Indicated category and is accessed by 2,000 meters of production-sized underground workings. With an average thickness of 15 meters and up to 40 meters in areas, and with excellent ground conditions, the deposit is primarily amenable to low-cost longholestoping. The Red Mountain Project received a Provincial Environmental Assessment Certificate on October 5, 2018 and a Federal Environmental Assessment Certificate on January 14, 2019. On March 28, 2019, RMP was purchased by Ascot and on April 10, 2019, the Company signed a Benefits Agreement with the Nisga’a Lisims Government.\n\nLocation: British Columbia\nScale: 17,125 Hectares\nMetals: Gold & Silver\nTotal measured and indicated gold resource: 782,600 ounces.\nRoyalty Structure: Nations Royalty owns a Premier Gold and Red Mountain Annual Payment calculated as an amount equal to:\n1. 20% of the Mineral Tax payable by Ascot in each calendar year under the Mineral Tax Act for each of the Premier Gold and Red Mountain Projects; and\n2. For each calendar year after the calendar year in which debt is advanced by Ascot Resources under certain project funding agreements, 25% of the Mineral Tax payable by Ascot Resources in each calendar year under the Mineral Tax Act for each of the Premier Gold and Red Mountain Projects.","Seabridge Gold Inc. – KSM Project\n\nThe KSM Project is the world’s largest undeveloped gold project as measured by reserves and resources. An updated Preliminary Feasibility Study (PFS) estimates proven and probable reserves total 47.3 million ounces of gold and 7.3 billion pounds of copper. The KSM Project has completed a joint harmonized environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. In July, 2014 the project received its Environmental Assessment Certificate from the provincial authorities. Final federal approval was received in December, 2014.\n\nLocation: British Columbia\nScale: 63,460 Hectares\nMetals: Gold, Copper, Silver, & Molybdenum\nProven & probable gold reserves: 47.3M.\nRoyalty Structure: Nations Royalty owns a KSM Annual Payment calculated as an amount equal to:\n1. Subject to (2) below, 11% of the amount of Mineral Tax payable by KSM in each calendar year under the Mineral Tax Act for the KSM Project; and\n2. In respect of a year where no tax is payable under Section 2(1) of the Mineral Tax Act, 5% of the amount of tax payable by KSM in each calendar year under the Mineral Tax Act for the KSM Project.","New Moly LLC – Kitsault Project\n\nThe Kitsault Mine, located approximately 140 kilometers northeast of Prince Rupert in British Columbia, Canada, is one of the world’s largest and highest-grade primary molybdenum deposits. Discovered in 1911, the site has experienced multiple periods of activity and dormancy.\n\nEarly Development: Initial mining activities commenced in 1968 under the operation of B.C. Molybdenum Ltd., producing approximately 9.3 million tonnes of ore until 1972.\n\nLocation: British Columbia\nProducer: Avanti Mining\nMineral: Molybdenum\nProven & Probable: 228.2Mt grading 0.083% molybdenum.\nRoyalty Structure: Nations Royalty owns a Kitsault Annual Payment based on the greater of:\n1. A minimum of $1,000,000, if the payment in (2) below is less than $1,000,000; or\n2. An NSR of up to 2%, determined as a sliding scale percentage of net smelter returns on all molybdenum produced at the Kitsault project located near Alice Arm, British Columbia. The royalty is based on the average molybdenum price per calendar year and is subject to minimum production levels being achieved in each calendar year."]
Leadership
Derrick Pattenden (President, CEO & Director, Prior to his appointment as President and Chief Executive Officer of Nations Royalty, Derrick Pattenden served as the company’s Chief Investment Officer beginning in May 2024. He is an accomplished investment banker with over 15 years of experience in the mining industry, specializing in finance and mergers and acquisitions.), Kody Penner (Chief Development Officer, Kody Penner is a mining professional with diverse experience in the mining industry and Indigenous space. He has helped create strategy and drive value for Indigenous Governments and business while building lasting, sustainable relationships.), Liam Morrison (CFO, Liam Morrison is a Chartered Professional Accountant (CPA) with over 7 years’ experience in the mineral exploration and mining industry. He began his career on project sites in northern British Columbia and transitioned to financial management roles.), James Russell (Director, Partnerships, James Russell is a two-time founder and business development leader with a strong background in fintech, capital markets, strategic partnerships, and sales execution.), Stephanie Azak (CORPORATE SECRETARY, Stephanie Azak is a proud Nisga’a Nation member from Gitwinksihlkw, B.C., and brings a lifelong commitment to Indigenous governance, economic development, and community empowerment to her role as Corporate Secretary at Nations Royalty.), Trenton Kwan (Director, Investor Relations, Trenton Kwan leads investor relations at Nations Royalty, supporting shareholders and driving engagement across the investment community. He has extensive experience in investor relations across various sectors.)

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