Nova Royalty boosts its royalties portfolio during a 'transformational' 2020
Nova Royalty Corp (CVE:NOVR) (OTCMKTS:NVARF) announced its royalties portfolio increased from 5 to 18 during 2020 in what it said was a “transformational year” for the company.
“The company now owns royalties on several of the largest and most advanced copper and nickel deposits that will be critical in achieving global net-zero emission targets by 2050. With a rapidly diversifying portfolio, Nova has emerged as a natural partner for owners of royalties on the world’s most significant copper and nickel deposits,” Nova Royalty CEO Alex Tsukernik said in a statement.
“As we continue our growth, we look forward to providing an investment option for any investor looking to participate in the global energy transition,” Tsukernik added.
READ: Nova Royalty looking to harness the green energy revolution to build leading royalty company
Nova Royalty also provided an update on developments regarding some of its royalty assets.
At the Taca Taca copper-gold project in Argentina owned by First Quantum Minerals (TSE:FM), in which Nova acquired 0.42% net smelter returns royalty (NSR), First Quantum filed an Amended & Restated NI 43-101 Technical Report on March 29, which showed an after-tax cash flow model highlighting a post-tax Net Present Value (NPV) of US$2.4 billion and an internal rate of return (IRR) of 15.3%.
Taca Taca has an estimated 7.7 million tonnes of contained copper and First Quantum expects to make a construction decision on the project in 2023 or 2024.
As well, at the Vizcachitas copper-molybdenum deposit in Chile owned by Los Andes Copper (CVE:LA), in which Nova acquired a 0.98% NSR on open pit production and 0.49% NSR on underground production from the San Jose 1/3000 claim, unanimous approval has been granted by the Regional Environmental Committee for drilling to begin. Metallurgical testwork was also completed at Vizcachitas on April 1, confirming copper recovery of 91.4% and the production of high-quality, clean copper concentrate.
And, the first assay results are expected in May at the Janice Lake copper-silver project in Saskatchewan being advanced by Rio Tinto, in which Nova Royalty owns a 1.0% NSR. Drilling at Janice Lake could be set to resume in June.
Nova Royalty is aiming to build a leading royalty company focused on copper and nickel – commodities, which it says are key to global society’s transition to clean energy from fossil fuels.
Contact Sean at [email protected]
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/948308/nova-royalty-boosts-its-royalties-portfolio-during-a--transformational--2020-948308.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).