VANCOUVER, BC, Nov. 22, 2024 /CNW/ - 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 Lisims 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 Pretium Resources Inc., a wholly-owned indirect subsidiary of Newmont Corporation, a large underground gold mine;
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.
Cautionary Statement Regarding Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words, or variations thereon or comparable terminology are intended to identify forward-looking statements and information. The forward-looking statements and information in this news release include information relating to replacement Directors. Such forward-looking information is based on the Company's expectations, estimates and projections as at the date of this news release.
By their nature, forward-looking statement involve known and unknown risks, uncertainties and other factors, which may cause actual result, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the potential inability of the Company to continue as a going concern, risks associated with potential governmental and/or regulatory action with respect to the Company's operations, the potential inability of the Company to implement its business plan going forward. Such statements and information reflect the current view of the Company and are based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions regarding the Company and the Nisga'a Nation's ability to identify and appoint replacement Directors and that no significant events will occur outside the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.
Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise.
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.
