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.
"Robert McLeod"
Chief Executive Officer
rm@nationsroyalty.ca
(604) 617-0616
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.
SOURCE Nations Royalty Corp.