By Blair McBride – Mining.com
The Nisga’a Nation in northwest BC is forming Canada’s largest Indigenous-majority owned public royalty company, demonstrating the increasing power of First Nations in resource development.
A new agreement announced Thursday gives the Nisga’a a majority stake in the newly formed Nations Royalty. Vega Mining will acquire from the Nisga’a the rights to five existing annual benefit payment entitlements with projects in the Golden Triangle, in exchange for common shares in Vega’s capital. The privately-owned Vega — about which little public information is available — will be renamed Nations Royalty Corp.