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Nations Royalty Corp. ( (TSE:NRC) ) has issued an update.
Nations Royalty Corp. has closed a C$15 million bought-deal private placement of 9.375 million units priced at C$1.60 each, including full exercise of the over-allotment option, with each unit comprising one common share and one-half warrant exercisable at C$2.25 until 2029. The financing, led by Red Cloud Securities and Canaccord Genuity under a listed issuer financing exemption, provides immediately freely tradeable units for Canadian investors and strengthens the company’s capital base as it advances its Indigenous-focused royalty and benefit entitlement portfolio, though the transaction remains subject to final TSX Venture Exchange approval and excludes U.S. investors due to securities law restrictions.
The most recent analyst rating on (TSE:NRC) stock is a Hold with a C$1.50 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. is a Vancouver-based royalty company focused on uniting First Nations and Indigenous groups across Canada as shareholders, aggregating royalties, income and commodity streams, and annual benefit payment entitlements from resource projects. Positioned as a leader in economic reconciliation, the company’s current portfolio is anchored by five annual benefit payment entitlements tied to major Canadian assets, including Newmont’s Brucejack gold mine, Seabridge Gold’s KSM project, Ascot Resources’ Premier Gold Project and Red Mountain Gold Deposit, and New Moly’s Kitsault molybdenum deposit, while also emphasizing capacity building for Indigenous participation in public companies and capital markets.
Average Trading Volume: 122,534
Technical Sentiment Signal: Strong Buy
Learn more about NRC stock on TipRanks’ Stock Analysis page.