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. 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.Heliostar has drilled 1,995 metres of its planned first-phase 2,600 metres, with a second program set to follow early next year.It is estimated that the US generated 13,767 kg of gold that year worth around £882.8 million from its e-waste in 2022.
As part of the deal, Aura will obtain a 100% interest in Bluestone’s Cerro Blanco gold project in Guatemala.