Brucejack Mine, located in British Columbia. The mine is part of Nations Royalty’s portfolio of royalty assets, through Nisga'a Nation.Withminimum fanfare, the new company quietlyhit a milestone on the road to Indigenous economic reconciliation in this country, becoming the only mining royalty company in the world that is majority-owned by Indigenous people.
“We still haven’t broken away from the Indian Act, like we would like to … We want to be accountable to ourselves. will allow us to manage our own wealth, instead of relying on government funding.” “We do have a vision to build a top-five royalty company, and the path is there – because the number and scale of Indigenous royalties across Canada are very impressive,” said Nations Royalty CEO Rob McLeod.
And for the royalty-holders themselves – in this case, Indigenous royalty holders – royalty companies are a way to monetize royalty agreements that have been signed but aren’t generating any revenue yet, such as in cases where the mine has not yet entered production.
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