VANCOUVER,
BC, Oct. 21, 2024 /CNW/ - Nations Royalty
Corp. (TSXV: NRC) (OTCQB: NRYCF) ("Nations Royalty" or
the "Company") is pleased to announce the appointment of
Josh Kierce, CPA, as Chief Financial
Officer ("CFO") for the Company, effective immediately.
Josh is a Chartered Professional Accountant with
over seven years of experience in accounting and investment banking
and holds a Bachelor of Technology in Accounting from the British
Columbia Institute of Technology. Before joining Nations Royalty,
he served as an Associate in Investment Banking at Stifel Nicolaus
Canada, focusing exclusively on the mineral exploration and mining
sectors.
His prior roles include Investment Banking
Analyst at Ventum Financial Corp. (formerly known as PI Financial);
Chief Financial Officer of Lax Kw'alaams Fishing Enterprise and the
Coast Tsimshian Fish Plant; Business Consultant at Fehr and
Associates; and Senior Associate at PricewaterhouseCoopers. Josh is
a proud Métis, originally from Prince
Rupert, BC.
Mr. Kierce replaces Tony
Robinson who is resigning from the Company to pursue other
opportunities with his Lower Mainland Urban Nisga'a Local but will
remain as an Advisor to the Company. Management and the Board of
Directors would like to thank Mr. Robinson for his dedication and
contribution to the Company as our founding CFO. Nations Royalty
wishes him well in his future endeavors.
Robert McLeod, CEO
of Nations Royalty, stated: "We are thrilled to have
Josh Kierce join our team; his
diverse background, including his history with Indigenous
businesses and recent experience as a mining investment banker is a
huge benefit for us. He is the latest Indigenous Executive to join
our Company, representing the Métis people. Additionally, we are
grateful for Mr. Tony Robinson's
service as outgoing CFO and look forward to his continued
contribution as an Advisor to Nations Royalty."
Certain Officers and consultants of the Company
were granted an aggregate of 400,000 stock options, vesting over a
three-year period, with 25% vesting on issue and 25% vesting on the
first, second and third anniversary of the grant date, at an
exercise price of $0.90. The options
are exercisable for a five-year period.
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"
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
Josh's ability to help Nations Royalty partner with Indigenous
groups across Canada. 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 Josh's ability
to help Nations Royalty partner with Indigenous groups across
Canada 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.
SOURCE Nations Royalty Corp.
