@nationsroyalty.ca
NORTHERN BC – Vega Mining Inc., which has formed Nations Royalties with Nisga’a First Nation, has appointed several Nisga’a citizens to its management team and Board of Directors.
Tony Robinson is now the Chief Financial Officer and Stephanie Azak Corporate Secretary, with Collier Azak, Edward Clayton and Debra Febril being appointed to the Board of Directors.
Nations Royalties is Canada’s largest majority Indigenous-owned public company, specializing in resource project royalties.
Their properties include the 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, in construction by Ascot Resources Ltd. with gold production expected in the coming months, and the Red Mountain Gold Deposit (as disclosed by Ascot Resources Ltd. in a news release dated August 14, 2023); 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.
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 mining projects, tapping into the growth, diversification and value potential typical of publicly traded royalty companies.
Eva Clayton, President of Nisga’a Lisims Government, states: “Collier, Debra and Edward are accomplished Nisga’a citizens with experience and expertise in mining benefit agreement negotiation, administration, finance, accounting and law. Our Executive looks forward to their leadership on the Board for Nations Royalty. Additionally, we are assembling an industry leading team of officers, employees, advisors and consultants to manage and grow the Company through partnership and royalty transactions with other First Nations and Indigenous Groups.”
Frank Giustra, Strategic Advisor to Nations Royalty, states: “As part of our vision of capacity building for First Nations people, we are honoured to welcome Stephanie and Tony as Officers of Nations Royalty. They will work with highly experienced administrators of public companies, including my partner Gordon Keep, a long-term advisor to the TSX Venture Exchange, who has listed and advised many highly successful companies for over four decades. They will be vital members of our Nations Royalty team as we launch Canada’s largest majority Indigenous-owned public company, poised to be a significant player in the mining royalty sector.”
It is the goal of Nations Royalty to be managed and run by Indigenous People. The Board will be comprised of the Nisga’a-appointed director candidates, previously announced director Alex Morrison as well as newly appointed director Saga Williams.
The company also announced it has entered into an agreement with Triomphe Holdings Ltd., dba Capital Analytica of Nanaimo, a company wholly-owned by Jeffrey French, to assist with the company’s Investor Relations activities.
Business Examiner Staff