New Indigenous-owned mining royalty company a first in Canada

Amanda Stephenson, The Canadian Press

“One of the goals of our Nation is financial independence,” said Charles Morven, secretary-treasurer for the Nisga’a Nation. By pooling multiple royalties into a single publicly-traded, dividend-paying company, Nations Royalty aims to give investors diversified exposure to the Canadian mining space and create a revenue stream for its Indigenous owners and shareholders.

Typically, mining royalty companies appeal to investors because they are less risky than investing in a single mining project. He said he particularly admires the Nisga’a’s aim to reach out to other Indigenous groups in Canada to pool their resources and increase their economic heft through economies of scale.In its final report released in 2015, Canada’s Truth and Reconciliation Commission defined the concept of “economic reconciliation,” saying Indigenous people, businesses, and communities must have the opportunity to fully participate in the Canadian economy.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Indigenous-owned mining royalty company a first in CanadaIn June of this year, a new company called Nations Royalty Corp. began trading on the TSX Venture Exchange.
Source: SooToday - 🏆 8. / 85 Read more »

New Indigenous-owned mining royalty company a first in CanadaBacked by billionaire Canadian mining financier Frank Giustra, Nations Royalty aims to lure investors with the promise of exposure to Indigenous-owned royalties, which company executives say is the last untapped pool in Canada
Source: globeandmail - 🏆 5. / 92 Read more »

Hajdu won’t say if non-Indigenous companies should pay back Indigenous contractsIndigenous Services Minister Patty Hajdu repeatedly dodged questions on Monday over non-Indigenous companies accessing federal contracts meant for First Nations, Inuit and Métis.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

Ottawa must eliminate tokenism from Indigenous procurement program, says Indigenous business leaderIndigenous Services Minister Hajdu defends program, warns it would be at risk under a Conservative government for being “too woke”
Source: globepolitics - 🏆 12. / 78 Read more »