Episode Details

Nations Royalty (CVE: NRC) has a first mover advantage, said Kody Penner, VP, corporate development at Nations Royalty. 

Last week Kitco Mining spoke to Penner and Derrick Pattenden, chief investment officer at Nations Royalty.  

Nations Royalty is a newly-formed royalty company under-pinned by five Nisga’a Benefits Agreement Royalties with a net asset value of $214 million. According to the company's news release, the company’s vision is to "...unite First Nations and Indigenous groups across Canada, welcoming external investors to join the company as shareholders."

Nations Royalty’s highlights the following benefits agreements: the high-grade Brucejack gold mine operated by Pretium Resources Inc., a wholly-owned indirect subsidiary of Newmont, a large underground gold mine; the KSM copper-gold-silver-molybdenum deposit, currently in development by Seabridge Gold; the Premier gold project, currently being commissioned by Ascot Resources with first gold poured in April, 2024 and commercial production scheduled for Q3 2024; the Red Mountain Gold Deposit, owned by Ascot Resources; and the Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively advanced by New Moly, majority-owned by Resource Capital Fund VI. 

Penner said that Nations Royalty has a unique advantage: benefits agreements have been "untapped within the royalty space." 

 "As a first mover in the space, we have latitude to go for tier one assets that are cash producing in safe jurisdictions and in the lower cost quartiles that other small royalty companies don't have access to," said Penner. "As a first mover, we can do that."

Disclaimer: The views expressed in this podcast are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this podcast do not accept culpability for losses and/ or damages arising from the use of this publication.