New Indigenous-owned mining royalty company a first in Canada

With minimum fanfare, the new company quietly hit 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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