The Nisga’a, based in northwest British Columbia near the Alaskan panhandle, hold a 77% stake in the company based on a portfolio of royalty agreements. Nisga’a Lisims government president Eva Clayton said in a statement that the listing represents a milestone for Indigenous groups.
“Nations Royalty’s vision presents a unique opportunity for the Nisga’a Nation, other First Nations and Indigenous groups, and investors to access a portfolio encompassing precious and critical metal mines, oil and gas ventures, and renewable energy projects,” Clayton said.
The company’s initial public offering comes amid ongoing reconciliation efforts between First Nations and the Canadian government as well as rising interest in mining. In BC, the Tahltan Nation and Williams Lake First Nation have reached participation agreements in projects.
In March, BC recognized the Haida Nation’s Aboriginal title on its lands, but the major step…
