November 22, 2024 – Vancouver, BC – Nations Royalty Corp. (TSX-V: NRC) (OTCQB: NRYCF) (FRA: Y96) (“Nations Royalty” or the “Company”) wishes to congratulate Debra Febril for her election victory as Chair of Nisga’a Lisim’s Government (“NLG”). Due to her Executive Position with NLG, Debra is resigning from her position as a Director of the Company. Additionally, Nisga’a-appointed Director, Collier Azak, is retiring from the Board of Directors for personal reasons. Nation’s Royalty is working with NLG to nominate replacement Directors for the Company, with appointments expected to be announced shortly.
Robert McLeod, CEO of Nations Royalty, stated: “We are grateful for Debra and Collier’s time on the Board of Directors as representatives of the Nisga’a Nation, our largest shareholder, and wish them well in their future endeavours. We look forward to continuing to work with Debra in her new role as NLG Chair. On behalf of the Nations Royalty team, we wish to congratulate all of the recently elected Members of the NLG Executive and are grateful to have worked with the outgoing Members through the launching of the Company earlier this year.”
About Nations Royalty Corp.
The Company’s vision is to unite First Nations and Indigenous groups across Canada, welcoming external investors to join the Company as shareholders. Together, they will combine royalties, income and commodity streams and annual benefit payment entitlements from resource projects, tapping into the growth, diversification and value potential typical of publicly traded royalty companies. As a leader in the spirit of economic reconciliation, Nations Royalty’s mission includes capacity building of Indigenous People in public companies and capital markets.
Nations Royalty’s foundation begins with five annual benefit payment entitlements in place in respect of the following properties in Canada:
- The high-grade Brucejack gold mine operated by Newmont Corporation;
- The KSM Copper-Gold-Silver-Molybdenum deposit, currently in development by Seabridge Gold Inc.;
- The Premier Gold Project, currently being commissioned by Ascot Resources Ltd. with first gold poured in April, 2024;
- The Red Mountain Gold Deposit, owned by Ascot Resources Ltd.; and
- The Kitsault Molybdenum Deposit, a large, fully permitted brownfield site owned and being actively advanced by New Moly LLC, majority-owned by Resource Capital Fund VI L.P.
On behalf of the Board of Directors of Nations Royalty Corp.
“Robert McLeod”
Robert McLeod, Chief Executive Officer
(604) 617-0616
For more information, please contact:
Derrick Pattenden, Chief Investment Officer
derrick.pattenden@nationsroyalty.ca
(604) 609-6126
Kody Penner, VP Corporate Development
(604) 356-4995
Cautionary Statement Regarding Forward-Looking Information
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “may”, “will”, “potential”, “proposed” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements are based on the current expectations of management of the Company. Actual events and conditions could differ materially from those expressed or implied in this press release as a result of known and unknown risk factors and uncertainties affecting the Company, including risks regarding the industry in which the Company operates, economic factors, the equity markets generally and risks associated with growth and competition. Additional risk factors are also set forth in the Company’s management’s discussion and analysis and other filings available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under the Company ‘s profile at www.sedarplus.ca. Although the Company has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. No forward-looking statement can be taken as guaranteed. The forward-looking information contained in this press release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, readers should not place any undue reliance on forward looking information.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
