Nations Royalty Corp.
Nations Royalty Corp. is a Vancouver-headquartered royalty company founded by the Nisga'a Nation and Frank Giustra to create royalty diversification tied to Nisga'a Nation benefit agreements. It holds no operated mines, instead holding royalty/benefit-payment entitlements linked to five projects in British Columbia: the producing Brucejack gold mine (operated by Newmont), the KSM copper-gold-silver-molybdenum project (Seabridge Gold), the Premier Gold and Red Mountain gold projects (Cambria Gold Mines), and the Kitsault molybdenum deposit (New Moly LLC). Brucejack is currently the company's sole cash-flowing royalty. Fiscal 2026 (year ended 31 Mar 2026) royalty revenue rose 91% year-over-year to C$1.61 million (Q4 alone: C$530,655, up 95% y/y), and the company held C$17.1 million in cash and equivalents as at 31 Mar 2026. Derrick Pattenden was appointed President & CEO effective 6 Jan 2026, succeeding founder Robert McLeod; Liam Morrison became interim CFO effective 1 Aug 2026, succeeding Josh Kierce.
Your Rankings
Nations Royalty Corp. does not operate mines, so it has no technical study of its own. What it holds instead is a book of royalty and stream interests in other companies' assets -- the portfolio below. Only figures the company has actually disclosed are shown; nothing here is estimated.
| Asset | Commodity | Interest | Rate / price | Stage |
|---|---|---|---|---|
Brucejack Newmont Corporation · Canada Gold, silver. Rate is a % of annual BC Mineral Tax payable -- specific % not disclosed on the assets page. ~258 koz gold produced 2024. | Gold | Royalty Annual Payment on Mineral Tax | — | Production |
Premier Ascot Resources Ltd. / Cambria Gold Mines · Canada 20% of Mineral Tax payable, rising to 25% post-debt-advance. Stage left null -- 'near-production' spans several plausible enum values without more detail. | Gold | Royalty Annual Payment on Mineral Tax | 20% | — |
Red Mountain Ascot Resources Ltd. · Canada 20% of Mineral Tax payable, rising to 25% post-debt-advance. 782,600 oz M&I resource. Stage left null (near-production, no further detail). | Gold | Royalty Annual Payment on Mineral Tax | 20% | — |
KSM Seabridge Gold Inc. · Canada 11% of Mineral Tax payable (5% when no tax payable). Gold, copper, silver, molybdenum. 47.3M oz proven/probable reserves. Seabridge Gold has not made a construction decision or disclosed a production start date for KSM -- the company obtained a 'substantially started' regulatory designation in 2024 (preserving its permits) and, as of a July 2026 US$100M short-term financing round, is still working to secure a strategic partner to finance, build and operate the project before any construction timeline can be set. | Gold | Royalty Annual Payment on Mineral Tax | 11% | — |
Kitsault New Moly LLC (Avanti Mining) · Canada Molybdenum (Commodity enum has no MOLY option, recorded as OTHER). Up to 2% sliding-scale NSR, minimum C$1,000,000/year. 228.2 Mt reserves @ 0.083% Mo. No 2024-2026 restart timeline was found for Kitsault -- the most recent public signal (2023) was a non-binding MOU among operator New Moly LLC and five junior explorers to study a shared hub-and-spoke processing mill at the permitted Kitsault site, not a committed construction or production date. | Other | Royalty NSR, sliding scale | 2% | — |
Management Team
President and CEO of Nations Royalty Corp. since 6 Jan 2026, succeeding founder Robert McLeod.
Interim CFO of Nations Royalty Corp. effective 1 Aug 2026, succeeding Josh Kierce.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
No producer, strategic investor, or resource-specialist fund holds a disclosed stake -- institutional ownership is effectively zero. A director bought stock on the open market three times in the past year, a real if modest single-insider signal.
No notable insiders tracked for this miner yet.