Abitibiwinni First Nation
Owned by Nations.Built for Generations.
Turning IBA payments into generational wealth
×
Vancouver, October 28, 2026
Nations Royalty today
Strong today. Growing fast.
A public company
$185M
Market cap
$17M
In cash.
No debt.
No debt.
+316%
Revenue growth,
quarter over quarter
quarter over quarter
>$4B
Projected revenue
from five royalties
from five royalties
TSX-V NRCOTCQX NRYCFFRA Y96
Figures as provided by Nations Royalty. Projected revenue is a projection, not a guarantee.
AbitibiwinniCanadian Malartic, Quebec
Nisga’a NationNations Royalty, BC
Nisga’a Lands
KSMSeabridge Gold
Copper
Gold
CopperGold
BrucejackProducingGold
Gold
PremierCambriaGold
GoldRed MountainCambriaGold
Gold
KitsaultNew Moly
Molybdenum
MolybdenumStewart
Gitlaxt’aamiks
Gingolx
What Nations Royalty holds today
Five royalties.
One producing today.
BrucejackHigh grade underground mine. Paying today.
KSMOne of the world's largest permitted undeveloped copper gold projects.
PremierRestart targeted 2028.
Locations approximate.
Mines end.A lasting business.
Illustration only, not a forecast. Nations Royalty today: one producing mine and four projects.
Lower risk
From one mine to six.
Today
1
mine
Canadian Malartic16 yearsto 2042
Brucejack11 yearsto 2037
Premier8 yearsto 2035
Red Mountain8 yearsto 2035
Kitsault15 yearsto 2046
KSM72 yearsto 2103+
6 mines. Payments run beyond 2100.
6
Years to the end of each royalty, as provided by Nations Royalty. Illustrative of mine lives, not a forecast.
⅔ Abitibiwinni
⅓ NRC
of Canadian Malartic
cash and shares
The idea
Illustrative. Not to scale.
One third of one royalty.
Canadian Malartic
Abitibiwinni keeps two thirds.
One third joins Nations Royalty.
Same third.
Paid today.$31.0M in shares and cash.
Paid today.$31.0M in shares and cash.
The proposed deal
Invest a third. Keep two.
Abitibiwinni keeps two thirds of every paymentAbout $4.3M a year keeps coming in.
2027
2030
2033
2036
2039
2042
Nations Royalty invests in the top third
One slice of every year
⅓
Paid to Abitibiwinni today
$31.0M
$18.6M in shares and $12.4M in cash
Nothing else changes. Royalty payments only.
Illustrative yearly amounts. Royalty 0.2125% NSR: one third 0.0708%, two thirds 0.1417%. Proposed terms. Not a signed agreement.
For one third of Canadian Malartic
$31.0M
PROPOSED, NOT A SIGNED AGREEMENT
Nations Royalty shares (60%)
Cash (40%)
Proposed terms. Amounts follow review by Abitibiwinni and independent advisors. Share value goes up and down.
A premium on day one
The offer is above value.
$19.5M
$31.0M
Present value8% discount rate
Our offerShares and cash, on day one
+59%above value
Present value at an 8% discount rate. Offer paid in Nations Royalty shares and cash. Share value goes up and down.
Royalty companies have done this before.
59x$590,000
on $10,000
22x$224,000
on $10,000
$10,000 on day one: Wheaton Feb 2005, Franco-Nevada Jan 2008. Worth this on Oct 15, 2026.
Canadian dollars, dividends included. Not a forecast; not every royalty company has grown like these two. Source: Alpha Vantage.
The partnership could be larger
Five agreements. Start with one.
Canadian Malartic⅓
Kiena⅓
Casa Berardi⅓
Sleeping Giant⅓
LaRonde⅓
Today
A third of one royalty
Where it could grow
The same partnership could reach a piece of all five, if both sides want it.
Start with one. Grow into all five.
Illustrative. Any further agreements would be discussed separately. Not a signed agreement.
Why Nations are stronger together
Abitibiwinniis notalone.
Nations across Canada hold mining agreements like Abitibiwinni’s.
Each dot is an active agreement. Source: Natural Resources Canada.
The case in five points
Five reasons to partner.
1
Paid today
You get $31.0M now. About 59% more than the royalty is worth on paper today.
2
You become an owner
You hold shares in Nations Royalty, a company that is growing.
3
Six mines, not one
If one mine slows down, the others keep paying.
4
A first
An alliance with the Nisga'a Nation.
5
Good timing
Gold is $3,996 an ounce today.
Owned by Nations. Built for Generations.
Price of gold as of October 23, 2026. Share value goes up and down.
What happens next
The road to partnership.
Jan 2026
Confidentiality signed
Now
Sharing documents
Dec
to Jan
to Jan
Letter of intent
Feb
to Mar
to Mar
Definitive agreement
2027
Partners
We are here
Today is a conversation. Nothing is signed.
Timeline is a target and may change.
Miigwech
Growing wealthtogether.
First Nations have the power to create a stronger mining royalty company than anyone else.
Owned by Nations. Built for Generations.