Nova Royalty Corp. (TSXV:NOVR)


Nova Royalty Corp owns a portfolio of several copper and nickel royalties.

The publicly traded metal royalty company provides its investors exposure to the prices of nickel and copper. The company has acquired royalties on several world-class and multi-decade nickel and copper development assets.

Nova Royalty says that copper and nickel are building blocks of the new energy supply chain that involves a transition from fossil fuels to clean energy.

The mining firm’s assets are being advanced by top mining companies like Anglo American, Glencore, Teck, First Quantum, Newmont, Antofagasta, and Rio Tinto.

According to the company’s reports, copper and nickel would play a huge part in developing clean energy sources. It also mentions that the demand of these metals would exceed the supply since the production of copper has been growing only by one per cent per year since 2015.

It claims that the annual demand for nickel by electric vehicles is expected to grow by 20 times between 2018 and 2030. The total electrical fleet is expected to grow to 12 per cent of the total global car fleet by 2030, which will require an additional 15 million tons of copper.

It further claims that the wind capacity is also expected to triple over the next 10 years from around 600 to 1800 gigawatts, requiring seven million tons of copper by 2030.

The solar capacity is set to rise by six times over the next ten years from around 500 to nearly 3,000 gigawatts, which will need an additional 11 to 12 million tons of copper by 2030.

Under a royalty purchase agreement signed with Sociedad Minera Auromin Limitada on June 18, 2021, the firm acquired the rights to one per cent royalty (net proceeds royalty) in the West Wall project for US $4.2 million in cash. It is a copper-gold-molybdenum project.

The Westwall project is a joint venture between Glencore Plc and Anglo-American Plc. The project is located 70 km north of Rio Blanco-Los Bronces mineralized district.

Nova Royalty publishes its investor related documents and share price details on the official website.

Contact Information

company address Suite 501-543 Granville St, Vancouver BC Canada V6C 1X8

company phone604-696-4241

company email[email protected]

company website

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