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New Indigenous-owned mining royalty company a first in Canada

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In June of this year, a new company called Nations Royalty Corp. began trading on the TSX Venture Exchange.

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.

 

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