Indigenous-led Canadian royalty company strikes deals with major mines

MINING.COM host Devan Murugan and Nations Royalty chief investment officer Derrick Pattenden (Screenshot)

In a significant step forward in empowering Indigenous communities in Canada, the First Indigenous led company in the country that is focused on Royalty agreements has struck royalty deals with major mines, including Newmont’s Brucejack mine in British Columbia.

Nations Royalty Corp. (CVE: NRC) is 77% Indigenous owned, including a stake owned by the Nisga’a Nation, and has received the backing of renowned mining entrepreneur Frank Guistra.

The company’s unique approach enables Indigenous groups to keep ownership of royalty assets — while receiving early economic benefits from mining projects on their land.

Nations Royalty chief investment officer Derrick Pattenden says the sharing of royalties between Indigenous groups has benefits beyond increased diversification.

Watch the full interview with MINING.com’s Devan Murugan:

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