Nations Royalty Launches C$10 Million Bought Deal to Fund Royalty and Streaming Growth

Nations Royalty Corp. ( (TSE:NRC) ) has issued an announcement.

Nations Royalty Corp. has arranged a C$10 million bought deal private placement of 6,250,000 units at C$1.60 per unit, each consisting of one common share and half a warrant exercisable at C$2.25 for 36 months, with an over-allotment option that could raise an additional C$2 million. The financing, led by Red Cloud Securities and Canaccord Genuity under a listed issuer financing exemption in most Canadian provinces and via private placement in the U.S. and other jurisdictions, is intended to fund further royalty and streaming acquisitions and working capital, potentially expanding the company’s portfolio and strengthening its position in the royalties market, subject to regulatory and exchange approvals.

The most recent analyst rating on (TSE:NRC) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on Nations Royalty Corp. stock, see the TSE:NRC Stock Forecast page.

Spark’s Take on TSE:NRC Stock

According to Spark, TipRanks’ AI Analyst, TSE:NRC is a Neutral.

The score is primarily constrained by persistent operating losses and significant cash burn, despite some revenue traction. A debt-free balance sheet provides some stability, while technicals show a strong uptrend that appears overextended. Valuation signals remain weak due to negative earnings and no dividend support.

To see Spark’s full report on TSE:NRC stock, click here.

More about Nations Royalty Corp.

Nations Royalty Corp., listed on the TSX Venture Exchange and Frankfurt Stock Exchange, operates in the royalties and streaming segment, focusing on acquiring royalties, income and commodity streams, annual benefit payments and similar interests, primarily in the natural resources sector.

Average Trading Volume: 90,734

Technical Sentiment Signal: Buy

See more insights into NRC stock on TipRanks’ Stock Analysis page.