Nomad Royalty Company Ltd

Description

Nomad Royalty Company Limited is a Canada-based royalty firm that acquires royalties and metal purchase agreements from different companies.,

It buys rights to a certain portion of precious metals produced from a mine.

The royalty-focused company presently owns 14 royalty assets and stream, of which seven are producing mines.

The company aims to acquire gold and silver royalties, producing and near-term producing streams of precious metals in future.

The diversified portfolio consists of 100 per cent precious metals, with as much as 77 percent being gold.

The royalty-focused company up-listed its stocks from the Toronto Stock Venture Exchange to Toronto Stock Exchange in May 2020. The stock trade under the symbol ‘NSR’ on TSX.

Recently in May 2021, Nomad Royalty entered into an agreement to acquire 0.28 percent return royalty of net smelter on the Chile-based Caserones mine. The other party to this agreement is a Chile-based subsidiary of Appian Natural Resources Funds.

With this, the company reportedly added a fresh revenue stream to its portfolio.

About the mine

The Caserones mine, located in Chile’s Atacama region, reportedly has a long reserve life and great potential for explorations. It covers an area of approximately 17,000 hectares and is operated by Minera Lumina Copper Chile. The mine life is 19 years.

The open-pit mining facility consists of production plants of molybdenum concentrates using primary sulfides, copper, copper cathodes, mixed and secondary sulfides.

It is located 15 kilometers to the west of Argentina international border and 162 km to the south-east of the region’s capital Copiapo, with an estimated elevation of about 4,000 meter above the sea level.

The mine is expected to produce huge volumes of copper and molybdenum over time and is characterized with well-established infrastructure and historical investment, as per the agreement.

According to the transaction, the royalty company will hold shares reflecting 30 per cent ownership interest in Compania Minera Caserones (CMC). The Chile-based contractual mining company holds payment rights in the Caserones mine.

The royalty-focused company also claims to focus on sustainable practices and ESG norms.

Nomad Royalty Company Limited partners with worldwide mine operators who are committed to sustainability and responsible mining activities, it claims. Some of the significant partners include:
• Troilus Gold
• Lundin Mining
• Mineros S.A.
• Northern Vertex
• Equinox Gold
• Premier gold
• Heron Resources
• Blyvoor Gold