Base Metals

Nova Royalty Logo (CNW Group/Nova Royalty Corp.)

TSXV: NOVR
OTCQB: NOVRF

Nova Royalty Corp. (" Nova " or the " Company ") has reported its financial results for the quarter ended June 30, 2022 . Nova's financial statements and management's discussion and analysis for the three and six months ended June 30, 2022 are available on Nova's website at www.novaroyalty.com and on SEDAR at www.sedar.com .

Q2 2022 highlights:

  • Quarterly Revenue: The Company recognized royalty revenue of $0.5 million , primarily related to the Aranzazu Royalty.
  • Secured Right to Acquire Josemaria Royalty: In May 2022 , Nova entered into a purchase agreement with arms' length private parties (the " Sellers ") pursuant to which Nova has secured the right to acquire a portion of an existing royalty on the Josemaria copper-gold-silver project in San Juan, Argentina , owned by Lundin Mining Corporation (" Lundin Mining "). Nova was also granted a Right of First Refusal in respect to an additional portion of the Josemaria Royalty.

Subsequent to quarter end:

  • Added Guy Elliott to Board of Directors : In July 2022 , Nova added Guy Elliott to the Company's Board of Directors as Audit Committee Chair. Mr. Elliott brings a wealth of valuable experience in financial reporting, internal controls, financing and related securities filings and compliance in Canada and the United States .

Alex Tsukernik , President & CEO of Nova, commented, "During the second quarter of 2022 we further solidified our foundational portfolio of royalties on the next generation of major copper projects being actively advanced by industry-leading operators. In May 2022 , we acquired the rights to a royalty on Lundin Mining's Josemaria copper-gold-silver project, which is one of the most advanced large-scale copper development projects in the Americas."

Mr. Tsukernik continued, "Looking at the Nova portfolio, we are pleased by the continued forward progress of our royalty assets during the quarter. In addition to continued strength at the producing Aranzazu mine, many of our key royalty assets – including Taca Taca, Copper World, Josemaria, and Vizcachitas – were actively advanced along their respective paths to production. Nova's concentration of royalties on this group of the most advanced major copper assets in the Americas positions it very well for the future."

Mr. Tsukernik concluded, "We enter the second half of the fiscal year on solid financial footing, and well-positioned to capitalize on further opportunities in the copper royalty space. We look forward to updating the market at the appropriate time."

Financial Summary

Nova recognized $0.5 million in revenue during the second quarter of 2022, compared to $Nil in the comparative quarter a year ago. The increase in revenue was due to the Aranzazu Royalty. For Q2 2022, the Company recorded a net loss of $2 .0 million ( $0.02 per share), compared to a net loss of $1.4 million ($0.02) per share in the prior year period. The loss was largely attributable to higher general and administrative (" G&A ") expenses relating to ongoing royalty acquisition initiatives and personnel recruitment costs, share-based payments, and interest expenses, which was partially offset by higher revenue (net of depletion). Excluding share-based payments, G&A during the period was approximately $1.0 million, compared to $0.7 million in the comparative period.

Asset update

Taca Taca

First Quantum continued pre-development and feasibility activities at Taca Taca during Q2 2022. During the second quarter of 2021, First Quantum submitted two environmental permits regarding key infrastructure at Taca Taca. The primary Environmental and Social Impact Assessment (" ESIA ") for Taca Taca was submitted to the Secretariat of Mining of Salta Province in 2019 and approval of the ESIA is anticipated in late 2022. First Quantum expects to continue permitting work at Taca Taca throughout 2022, in addition to engaging with government regarding key aspects of an administrative and fiscal regime for investment into Argentina (1) .

As of June 30, 2022 , First Quantum last reported proven & probable mineral reserves at Taca Taca of 1,758.5 million tonnes at 0.44% Copper, 0.09 g/t gold, and 0.012% molybdenum (2) .

Aranzazu

Aura Minerals disclosed that Aranzazu sold 11.7 Mlbs copper equivalent (" CuEq ") at cash costs of US$1.61 /lb CuEq during Q2 2022. Sales and production at Aranzazu were in line with Aura's expectations. CuEq sales were 17% higher than in Q2 2021, but 17% below Q1 2022. Lower quarterly sales in Q2 2022 were primarily a result of lower grades, consistent with the Aranzazu mine plan and sequencing aimed to develop the mine to access higher grade areas for production later in 2022 (3) .

Aura Minerals also revised its production guidance for Aranzazu, moving from 108,000 – 120,000 gold equivalent ounces to 115,000 – 120,000 gold equivalent ounces. On a gold equivalent basis, Aura reported Q1 2022 production of 30,393 oz and Q2 2022 production of 26,352 oz (3) .

As of June 30, 2022 , Aura last reported proven and probable mineral reserves at Aranzazu of 6.4 million tonnes at 1.38% copper, 0.97 g/t gold and 18.82 g/t silver (4) .

Copper World Complex

Hudbay released the results of the Copper World Complex preliminary economic assessment (" PEA ") during Q2 2022, which includes the recently discovered Copper World deposits along with the Rosemont deposit. The PEA contemplates a two-phase mine plan that has an after-tax net present value (10%) of US$1,296 million and generates an 18% internal rate of return at $3.50 per pound copper. Hudbay also reported a significant increase in copper contained in all mineral resource categories, as compared to the mineral resources included in the 2017 feasibility study published by Hudbay for the Rosemont project.

Hudbay reported that phase I reflects a stand-alone operation on private land and patented mining claims over a 16-year mine life with average annual copper production of approximately 86,000 tonnes from mined resources at cash costs and sustaining cash costs of US$1.15 and US$1.44 per pound of copper, respectively. Phase II expands mining activities onto federal land and extends the mine life to 44 years with average annual copper production of approximately 101,000 tonnes from mined resources at cash costs and sustaining cash costs of US$1.11 and US$1.42 per pound of copper, respectively (5) .

Subsequent to quarter end, in July 2022 Hudbay announced that it received approval from the Arizona State Mine Inspector for its amended Mined Land Reclamation Plan for the Copper World Complex. Hudbay expects to submit applications for the other key State and local permits for Phase I of the Copper World Complex in the second half of 2022.

Hudbay also announced that it would be advancing a pre-feasibility study (" PFS ") for Phase I of the Copper World Complex, which will focus on converting the remaining inferred mineral resources to measured and indicated and evaluating many of the project optimization and upside opportunities (5) .

Josemaria

In April 2022 , Lundin Mining acquired Josemaria through its acquisition of Josemaria Resources. On April 11, 2022 , the mining authority of San Juan, Argentina approved the Environmental Social Impact Assessment for Josemaria. Lundin Mining reported that it is currently advancing commercial agreements and additional sectoral permits with national and provincial authorities in Argentina , which it expects to complete in 2022 ahead of a construction decision.

Lundin Mining also reported that it is completing basic engineering, which is approximately 23% complete, and study work for an updated technical report, which will include updated cost estimates and evaluation of potential scope changes compared to plans envisaged in a feasibility study completed by Josemaria Resources in November 2020 .

Lundin Mining has stated that it expects to publish an updated technical report in Q4 2022 and intends to spend up to $300 million to advance development of Josemaria. As part of the technical report update, Lundin Mining reported that it plans to complete a new Mineral Resource and Mineral Reserve estimate, which will incorporate approximately 31,200 metres of drilling that have been completed at Josemaria since the 2020 feasibility study (6) .

As of June 30, 2022 , Lundin Mining last reported proven and probable mineral reserves at Josemaria of 1,012 million tonnes at 0.30% copper, 0.22 g/t gold, and 0.94 g/t silver (7) .

Vizcachitas

In March 2022 , Los Andes Copper (" LAC ") announced a plan to temporarily suspend drilling at Vizcachitas in response to a Second Environmental Court decree granting a preliminary injunction on LAC's drilling activities (8) . In July 2022 , the Second Environmental Court revised the preliminary injunction issued in March, allowing drilling activities to continue at Vizcachitas. LAC previously announced that, prior to the Second Environmental Court injunction in March 2022 , sufficient drilling had been completed in order to provide an updated resource estimation and complete a PFS in Q4 2022 (9) . The Second Environmental Court's revised decision in June 2022 will allow LAC to pursue its original plan of further delineating extensions of the mineralized body at Vizcachitas concurrently with activities related to the PFS. LAC announced that it continues to target completion of a PFS in Q4 2022 (10) .

Second quarter 2022 conference call and webcast:

Nova will hold a conference call and webcast with management for investors and analysts on August 11, 2022 at 12:00 pm ET . Analysts and investors are invited to participate using the following dial-in numbers or webcast link:

Participant Number (Local): 416-764-8609
Participant Number (Toll-Free): 888-390-0605
Conference ID: 03117806
Audience URL: https://app.webinar.net/W64Yj3XLgqa

A replay of the conference call will be available until 11:59 pm (ET) August 25, 2022 , and can be accessed using the following dial-in numbers.

Encore (Local): 416-764-8677
Encore (Toll-Free): 1-888-390-0541
Encore ID: 117806#

About Nova

Nova Royalty Corp. is a copper-focused royalty company. Nova has assembled a portfolio of royalties on a significant proportion of the next generation of major copper projects located in 1st-tier jurisdictions, providing investors exposure to some of the most critical resource assets for the clean energy transition. These projects are being advanced by the world's premier mining companies, which include First Quantum, Lundin, Hudbay, Anglo American and Glencore, among others. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

ON BEHALF OF Nova Royalty CORP.,

(signed) "Alex Tsukernik"
President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Notes

(1)

Refer to First Quantum Minerals 2021 Annual Report, Capital Markets Day Presentation dated January 2022, and Capital Markets Day Call Transcript, dated Tuesday, January 18, 2022.

(2)

Refer to First Quantum Minerals' NI 43-101 Technical Report Titled "Taca Taca Project, Salta, Argentina" prepared by David Gray (QP) BSc(Geology), MAusIMM, FAIG), Group Mine and Resource Geologist, FQM (Australia) Ltd, filed November 30, 2020.

(3)

Refer to Aura Minerals' Management's Discussion and Analysis for the three and six months ended June 30, 2022.

(4)

Refer to Aura Minerals' NI 43-101 Technical Report Titled "Feasibility Study of the Re-Opening of the Aranzazu Mine, Zacatecas, Mexico" prepared by F. Ghazanfari, P.Geo. (Farshid Ghazanfari Consulting), filed January 31, 2018.

(5)

Refer to Hudbay's Management's Discussion and Analysis for the three and six months ended June 30, 2022.

(6)

Refer to Lundin Mining's Management's Discussion and Analysis for the three and six months ended June 30, 2022.

(7)

Refer to Lundin Mining's NI 43-101 Technical Report Titled "Josemaria Technical Report" prepared by Mr. Robert McCarthy, P.Eng, filed September 28, 2020.

(8)

Refer to the press release titled "Los Andes Copper Announces Plan to Temporarily Suspend Drilling" published by Los Andes Copper Ltd. on March 21, 2022.

(9)

Refer to the press release titled "Los Andes Copper Corporate Update" published by Los Andes Copper Ltd. on March 29, 2022.

(10)

Refer to the press release titled "Los Andes Copper Announces Decision by the Environmental Court Reinstating Drilling Permit" published by Los Andes Copper Ltd. on July 21, 2022.

Technical and Third-Party Information

Nova has limited, if any, access to the properties on which Nova holds a royalty, stream or other interest. ‎Nova is ‎dependent on (i) the operators of the mines or properties and their qualified persons to provide ‎technical or other information ‎to Nova, or (ii) publicly available information to prepare disclosure pertaining ‎to properties and operations on the mines or ‎properties on which Nova holds a royalty, stream or other interest, and generally has limited or no ability to independently ‎verify such information. Although Nova does ‎not have any knowledge that such information may not be accurate, there ‎can be no assurance that such ‎third-party information is complete or accurate. Some information publicly reported by ‎operators may relate ‎to a larger property than the area covered by Nova's royalty, stream or other interests. Nova's royalty, ‎‎stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported ‎mineral reserves, ‎resources and production of a property.‎

Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press re-‎lease, ‎including any ‎‎references to mineral resources or mineral reserves, was prepared in accordance with ‎Canadian ‎National Instrument 43-101 ‎‎‎(" NI 43-101 "), which differs significantly from the requirements of the ‎U.S. Securities and ‎Exchange Commission (the " SEC ") ‎‎applicable to U.S. domestic issuers. Accordingly, ‎the scientific and technical ‎information contained or referenced in this press ‎‎release may not be comparable ‎to similar information made ‎public by U.S. companies subject to the reporting and ‎‎disclosure requirements ‎of the SEC.‎‎

‎"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty ‎as to ‎their ‎‎economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral ‎resource will ‎ever be ‎‎upgraded to a higher category. Historical results or feasibility models presented herein ‎are not guarantees ‎or expectations of ‎‎future performance.‎

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information include, but are not limited to, the existence of future business opportunities; the continuation of permitting work at Taca Taca throughout 2022; the development of the Aranzazu mine to access higher grade areas for productions later in 2022; Hudbay advancing a pre-feasibility study for Phase I of the Copper World Complex; Lundin Mining publishing an updated technical report on Josemaria, future gold, silver, and copper prices; other potential developments relating to, or achievements by the counterparties for Nova's stream and royalty agreements, and with respect to mines or other properties Nova has, or may acquire, a stream or royalty interest; estimates of future productions, costs and other financial or economic measures; and future expectations regarding royalties and streams of Nova.

Such forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, risks associated with the impact of general business and economic conditions; the absence of control over mining operations from which Nova will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine development, construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Nova holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Nova holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics, including the novel coronavirus (COVID19) global health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Nova; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Nova holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Nova Royalty Corp.

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NOVA ROYALTY TO HOST VIRTUAL INVESTOR DAY ON SEPTEMBER 27, 2022

NOVA ROYALTY TO HOST VIRTUAL INVESTOR DAY ON SEPTEMBER 27, 2022

TSXV: NOVR
OTCQB: NOVRF

Nova Royalty Corp. (" Nova " or the " Company ") is pleased to announce that it will be hosting a virtual Investor Day on September 27, 2022 .

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NOVA ROYALTY TO RELEASE SECOND QUARTER 2022 RESULTS ON AUGUST 10, 2022

NOVA ROYALTY TO RELEASE SECOND QUARTER 2022 RESULTS ON AUGUST 10, 2022

Nova Royalty Logo (CNW Group/Nova Royalty Corp.)

TSXV: NOVR
OTCQB: NOVRF

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GUY ELLIOTT JOINS NOVA ROYALTY'S BOARD OF DIRECTORS AS AUDIT CHAIR

GUY ELLIOTT JOINS NOVA ROYALTY'S BOARD OF DIRECTORS AS AUDIT CHAIR

TSXV: NOVR
OTCQB: NOVRF

Nova Royalty Logo (CNW Group/Nova Royalty Corp.)

Nova Royalty Corp. (" Nova " or the " Company ") is pleased to announce the addition of Guy Elliott as an independent director of the Company and Chair of the Audit Committee, effective immediately.

Alex Tsukernik , President and CEO of Nova, commented, "On behalf of the Board of Directors and management, I would like to welcome Guy to the Nova Royalty board. The board looks forward to working with Mr. Elliott, who brings a wealth of mining sector experience in financial reporting, controls, filing, and compliance, all of which serves to strengthen our audit function. We believe that Mr. Elliott's valuable skillset and expertise will be a positive contribution to Nova as we continue our evolution into a premier copper royalty company."

Mr. Elliott has been an audit partner in the Energy and Natural Resources (ENR) group of the Vancouver office of KPMG for over 25 years until his retirement in June of 2022. He was responsible for financial statement and internal control audits for numerous companies in the mining industry, including companies listed in Canada , the United States and internationally. He has extensive experience in financial reporting, internal controls, financing and related securities filings and compliance in Canada and the United States . Mr. Elliott is a CPA.CA, is a holder of the Institute of Corporate Directors Director (ICD.D) designation and has a BA from Simon Fraser University .

Corporate Update

In accordance with the Company's Share Compensation Plan, Nova has granted 1,790,000 stock options to certain officers, directors, employees, and consultants to purchase 1,790,000 common shares. Each option grant vests in two equal instalments, twelve and twenty-four months from the date of issue. Each option is exercisable, once vested, for a period of five years from the date of grant at an exercise price of C$1.56 per common share.

About Nova

Nova is a royalty company focused on providing investors with exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

ON BEHALF OF Nova Royalty CORP.,

(signed) "Alex Tsukernik"
President and Chief Executive Officer

Website: www.novaroyalty.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Nova Royalty Corp.

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NOVA ROYALTY ANNOUNCES VOTING RESULTS FOR ANNUAL GENERAL MEETING AND PROVIDES LETTER TO SHAREHOLDERS

NOVA ROYALTY ANNOUNCES VOTING RESULTS FOR ANNUAL GENERAL MEETING AND PROVIDES LETTER TO SHAREHOLDERS

TSXV: NOVR
OTCQB: NOVRF

Nova Royalty Corp. logo (CNW Group/Nova Royalty Corp.)

Nova Royalty Corp. (" Nova " or the " Company ") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce the voting results for its annual general meeting of shareholders held on June 21, 2022 (the " Meeting "). Brett Heath Alex Tsukernik E.B. Tucker, Johanna Fipke Andrew Greville and Luke Leslie were re-elected to serve as directors of the Company. A total of 41,317,681 common shares were represented at the Meeting, representing 48.51% of the Company's issued and outstanding common shares.

Shareholders approved all matters brought before the Meeting as follows:

MOTIONS

NUMBER OF SHARES

PERCENTAGE OF VOTES CAST

FOR

AGAINST

WITHHELD/
ABSTAIN

SPOILED

FOR

AGAINST

WITHHELD/
ABSTAIN

Number of Directors

26,215,051

202,861

0

0

99.23 %

0.77 %

0.00 %

Brett Heath

26,328,042

0

89,870

0

99.66 %

0.00 %

0.34 %

Alex Tsukernik

26,350,978

0

66,934

0

99.75 %

0.00 %

0.25 %

E.B. Tucker

26,343,718

0

74,194

0

99.72 %

0.00 %

0.28 %

Johanna Fipke

26,328,626

0

89,286

0

99.66 %

0.00 %

0.34 %

Andrew Greville

26,328,627

0

89,285

0

99.66 %

0.00 %

0.34 %

Luke Leslie

26,317,561

0

100,351

0

99.62 %

0.00 %

0.38 %

Appointment of
Auditors

41,167,571

0

150,110

0

99.64 %

0.00 %

0.36 %

Approval of Share
Compensation Plan

24,840,211

1,577,701

0

0

94.03 %

5.97 %

0.00 %

LETTER TO SHAREHOLDERS

Nova is also pleased to provide a Company update via a letter to shareholders written by President and CEO, Alex Tsukernik . The letter can be accessed on the Nova Royalty website, by clicking here .

ABOUT NOVA

Nova Royalty is a company focused on providing investors with royalty exposure to the key building blocks of clean energy – copper and nickel. The Company is headquartered in Vancouver, British Columbia and is listed on the TSX Venture Exchange under the trading symbol "NOVR" and on the US OTCQB under the trading symbol "NOVRF".

ON BEHALF OF Nova Royalty CORP.,

(signed) "Alex Tsukernik"
President and Chief Executive Officer

Website: www.novaroyalty.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Nova to control or predict, that may cause Nova's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's annual information form dated April 29, 2022 and other filings available for review on the Company's profile at www.sedar.com . Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

SOURCE Nova Royalty Corp.

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Nova Royalty Corp. Opens the Market

Nova Royalty Corp. Opens the Market

Alex Tsukernik President & Chief Executive Officer, Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) and his team joined Dean McPherson Head, Global Mining Business Development, Toronto Stock Exchange, to celebrate the Company's new listing on TSX Venture Exchange and open the market.

Nova Royalty is focused on providing investors with exposure to premier copper and nickel assets – the key building blocks of the global energy transition.

For Market Openings: Media may pick up a feed from the TOC (television operations centre) for all market open ceremonies. The feed is named TSX Transmit 1 (SD-SDI) and is produced at the TMX Broadcast Centre and sent live to the TOC. To pick up the feed via the Dejero network, please contact avservices@tmx.com . The client feature video will begin playing on the TMX media wall at approximately 9:27 a.m. ET and the markets will open with the sound of a siren at 9:30 a.m. ET

Date:

Thursday, June 16, 2022



Time:

9:00am - 9:30am



Place:

120 Adelaide St W.

SOURCE TSX Venture Exchange

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Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC

Romios Gold Completes IP-MT Survey on Trek South Target and Reports on 2022 Exploration Programs in The Golden Triangle, BC

Romios Gold Resources Inc. (TSXV: RG) (OTCQB: RMIOF) (FSE: D4R) ("Romios Gold" or the "Company") is pleased to report that it has completed an extensive exploration program on six of the company's projects in the Golden Triangle of northwestern British Columbia (see Map 1). Field work by Romios' crew began in early July and continued until mid-September. Assay results are now being received and compiled, and will be reported on when complete. Field observations on some of the claim blocks are very encouraging, particularly those from the Trek South Porphyry Cu-Au-Ag prospect. Many of Romios' projects in the Golden Triangle are close to the giant Galore Creek porphyry Cu-Au-Ag project held by a Teck-Newmont JV (GCMC) and currently in the final stages of a pre-feasibility study.

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Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Provides Project Update and Announces US$10 Million Loan Facility

Canada Nickel Company Inc. ("Canada Nickel" or "The Company") (TSXV: CNC) (OTCQB: CNIKF) is pleased to provide an update on the Crawford project and its financing activities.

Canada-Nickel-Company-Logo (CNW Group/Canada Nickel Company Inc.)

"The Company remains on track to deliver the feasibility study for Crawford by year-end. The study work is approximately 85% complete and the company is confident in its outcome.  This financing will allow us to execute post feasibility study work on permitting and detailed engineering that is advantageous for us to complete during the coming winter months and allows us to remain well-funded as we continue to aggressively advance the project" said Mark Selby , Chair and CEO of Canada Nickel.

Loan Facility

The Company has arranged a US$10 million loan facility with Auramet which is expected to close on or before October 14 , 2022.  The loan will be due January 14, 2023 , will carry an interest rate of 1.00% per month, and be subject to a 2% arrangement fee. At closing, Auramet will also receive 325,000 1-year warrants with a strike price of $1.52 per share.   The warrants and the underlying shares will be subject to a four month hold period under applicable Canadian securities laws.  The closing of the loan facility is subject to customary conditions including the approval of the TSX Venture Exchange.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over $20 billion in annual revenues and provides a full range of services to all participants in the precious metals chain, from extraction and production to manufacturing and consumption. Auramet is a private company established in 2004 by a team who had worked previously together since 1989. Their business is comprised of three main activities: physical metals trading, metals merchant banking and advisory. Auramet has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector.   Auramet purchases tens of millions of ounces of gold, silver and PGMs sourced from a diversified base of mining companies, recycling companies and refineries/smelters.  Auramet has also provided term financing facilities in excess of $900 million to date in the mining sector and is looking to grow its capital investment business in the precious metals and battery-related metals mining space.  In 2022, Auramet received a Gold Metal Sustainability Rating from Ecovadis, a global leader in business sustainability ratings.

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has successfully registered and applied for trademarks in various jurisdictions for NetZeroNickel™, NetZero Cobalt™ and NetZero Iron™ and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel and cobalt in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins - Cochrane mining camp. For more information, please visit www.canadanickel.com .

Contact:
Mark Selby , Chair and CEO
Phone: 647-256-1954
Email: info@canadanickel.com

Cautionary Statement Concerning Forward Looking Statements

This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, the metallurgical results, the timing and results of the feasibility study and the timing and completion of the loan facility. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel has attempted to identify important factors that could cause actual actions,events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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SOURCE Canada Nickel Company Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2022/29/c2107.html

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