Why Nations Royalty's New CFO Could Be Raising Eyebrows

3 min read | October 21, 2024 04:35 PM EDT | By Team Kalkine Media

Highlights

  • Nations Royalty Corp. (TSXV:NRC) appoints Josh Kierce as its new Chief Financial Officer.
  • Kierce brings over seven years of experience in accounting and mining-focused investment banking.
  • Former CFO Tony Robinson remains as an advisor to the company after stepping down.

Nations Royalty Corp. operates in the natural resources sector, focusing on the exploration and development of mineral assets. The company’s core activities revolve around securing royalty agreements related to mining projects, positioning itself within the broader framework of mineral exploration and extraction. This sector is often driven by the discovery, development, and commercialization of mineral resources, providing an essential supply chain link for industries relying on metals and minerals.

Appointment of Josh Kierce as CFO

Nations Royalty Corp. has announced the appointment of Josh Kierce, CPA, as its new Chief Financial Officer. This move reflects the company’s aim to strengthen its financial and strategic operations. Kierce, a Chartered Professional Accountant, has built a solid reputation in accounting and investment banking, particularly within the mining sector. His background includes a focus on mineral exploration and mining investments, which aligns well with Nations Royalty's business model.

Kierce holds a Bachelor of Technology in Accounting from the British Columbia Institute of Technology. Before joining Nations Royalty, he worked with Stifel Nicolaus Canada, serving as an associate in investment banking, where he concentrated on the mining sector. His previous roles also include positions such as Investment Banking Analyst at Ventum Financial Corp., Chief Financial Officer at Lax Kw'alaams Fishing Enterprise, and Senior Associate at PricewaterhouseCoopers. His extensive experience across various financial and operational roles further adds depth to his new position within Nations Royalty.

Impact of Leadership Changes

The appointment of Kierce as CFO coincides with the departure of the company’s founding CFO, Tony Robinson. Robinson, after years of contributing to Nations Royalty, is stepping down to pursue other engagements but will remain involved as an advisor. This transition reflects a continuation of expertise within the company, ensuring that institutional knowledge and advisory support remain intact.

Kierce’s background, which includes experience working with Indigenous businesses, is also of particular relevance to Nations Royalty, as the company has highlighted its commitment to partnerships and representation within Indigenous communities. Kierce, who is Métis, brings this unique perspective to his role, aligning with the company’s values and community focus.

Kierce’s Vision and CEO’s Remarks

In welcoming Kierce to the team, CEO Robert McLeod emphasized the importance of Kierce’s diverse background. McLeod acknowledged the added value that Kierce’s experience in investment banking and his involvement with Indigenous enterprises bring to Nations Royalty. His inclusion further demonstrates the company’s aim to strengthen its leadership team with individuals who have expertise in both finance and Indigenous business development. McLeod also expressed gratitude for Tony Robinson’s contributions as the company’s outgoing CFO, recognizing his role in the company's early development.


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