Mining
Tuesday, September 10th, 2024 3:56 pm EDT
Key Points
- Nations Royalty Corp.’s U.S. Market Trading: The company’s common shares have qualified to trade on the OTCQB Venture Market under the symbol NRYCF, while continuing to trade on the TSX Venture Exchange under NRC.
- New Financial Year-End: The company has changed its financial year-end from May 31 to March 31, with the next financial year ending March 31, 2025.
- Royalty Agreements and Indigenous Focus: Nations Royalty Corp. holds rights to annual payments from several key Canadian mining projects, including gold and molybdenum deposits, with a mission to support economic reconciliation by involving Indigenous communities in public companies and capital markets.
Nations Royalty Corp.’s common shares have qualified to trade on the OTCQB Venture Market, a United States marketplace operated by OTC Markets Group Inc., and will begin trading today under the symbol NRYCF. The common shares of the company will continue to trade on the TSX Venture Exchange under the symbol NRC.
U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company at the OTC Markets website.
OTC Markets Group operates the world’s largest electronic interdealer quotation system for U.S. broker-dealers and offers multiple media channels to increase the visibility of OTC-quoted companies. Being quoted on the OTCQB Venture Market enables companies to efficiently build broader investor awareness and provides U.S. investors with a seamless trading facility to more easily trade through the broker of their choice.
Qualifying for approval to be quoted on the OTCQB Venture Market requires a company to: be current in its disclosure obligations; pass a minimum bid price test; and complete an annual company verification and management certification process. The OTCQB Venture Market quality standards create a solid baseline of transparency, as well as the technology to improve the information and trading experience for investors.
The company has changed its financial year-end from May 31, to March 31. Following this change, the next financial year will end March 31, 2025.
Further details relating to the change in year-end and reporting periods in the new financial years going forward are available in a notice of change of structure prepared in accordance with Section 4.9 of National Instrument 51-102 — Continuous Disclosure Obligations, filed under the company’s SEDAR+ profile.
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 the right to receive five annual payment entitlements in place in respect of the following properties in Canada:
- The high-grade, large, underground Brucejack gold mine operated by Pretium Resources Inc., a wholly owned indirect subsidiary of Newmont Corp.;
- 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 pour completed in April, 2024;
- The Red Mountain gold deposit, owned by Ascot Resources;
- 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 LP.
We seek Safe Harbor.
