Nisga’a Nation pioneers Indigenous investment in precious metals royalties – Business in Vancouver
Publicly traded firm consolidates funds from benefit agreements
In 2023, First Nations across Canada received an estimated $350 million in cash royalty payments from impact benefits agreements on resource projects like mines.
That amount roughly doubles when royalties from oil and gas are included.
Rather than passively collecting royalties from mine projects in their territory, the Nisga’a Nation is putting their royalty revenue to work through a new investment vehicle—a kind of mutual fund of sorts for First Nations resource sector royalties.
In June 2024, a new precious metals royalty company, Nations Royalty Corp., was listed on the TSX Venture Exchange after a reverse takeover of Vega Mining. In November, it was also listed on the Frankfurt Stock Exchange under the symbol Y96.
