Vancouver-headquartered Nova Royalty, which is working towards a TSX-V-listing this fall, has entered into a royalty purchase agreement with Transition Metals, pursuant to which Nova will acquire a portfolio of nine royalties.
The portfolio includes an existing 1.0% net smelter return (NSR) royalty on the Janice Lake copper/silver project in Saskatchewan, being advanced by Rio Tinto Exploration Canada, a 1.0% NSR royalty on the Wollaston project, a 1.25% NSR royalty on the Dundonald nickel project, and six other highly prospective royalties on exploration properties in some of Canada’s most mineralised districts.