New Indigenous-owned mining royalty company a first in Canada

The Canadian Press-In June of this year, a new company called Nations Royalty Corp. began trading on the TSX Venture Exchange. 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. Backed by billionaire Canadian mining financier Frank Giustra, Nations Royalty aims to lure investors with the promise of exposure to Indigenous-owned royalties, which company executives say is the last untapped pool in Canada. But for the Nisga’a Nation — the self-governing B.C.-based First Nation that owns 77 per cent of the company — Nations Royalty is also a key part of the path to economic independence. “One of the goals of our Nation is…

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