Annuncio • Dec 07
Nova Royalty Corp. Common Shares to Be Deleted from OTC Equity Nova Royalty Corp. Common Shares will be deleted from OTC Equity effective December 06, 2023, due to Acquisition /Merger /Amalgamation. Reported Earnings • Dec 01
Third quarter 2023 earnings released: CA$0.039 loss per share (vs CA$0.027 loss in 3Q 2022) Third quarter 2023 results: CA$0.039 loss per share (further deteriorated from CA$0.027 loss in 3Q 2022). Net loss: CA$3.65m (loss widened 58% from 3Q 2022). Revenue is forecast to grow 36% during the next year, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 3% per year. New Risk • Nov 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$7.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$7.0m free cash flow). Earnings have declined by 47% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (9.1% increase in shares outstanding). Revenue is less than US$5m (CA$2.0m revenue, or US$1.4m). Market cap is less than US$100m (CA$127.1m market cap, or US$92.9m). New Risk • Oct 03
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: CA$131.7m (US$96.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$7.0m). Shareholders have been diluted in the past year (10% increase in shares outstanding). Revenue is less than US$5m (CA$2.0m revenue, or US$1.4m). Market cap is less than US$100m (CA$131.7m market cap, or US$96.4m). Annuncio • Sep 10
Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million. Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million on September 7, 2023. Pursuant to the transaction, Nova shareholders will receive 0.36 of a common share in the capital of Metalla per each common share in the capital of Nova held. Upon completion of the Transaction, existing Metalla and Nova shareholders would own approximately 60% and 40% of the combined company, respectively, on a fully-diluted basis. Nova will be required to pay $7.5 million (CAD 10.25 million) termination fee to Metalla under certain customary circumstances. The transaction is subject to the approval of Nova shareholders, certain approvals of the British Columbia Supreme Court, the TSXV, and of the NYSE American, the receipt of all other necessary regulatory and third party approvals, and other customary conditions. No shareholder approval is required for Metalla. The agreement has been unanimously approved by the independent members of the boards of Directors of Metalla and Nova. The transaction is expected to close in late 2023.
Trinity Advisors is acting as financial advisor to the Metalla Board and the Special Committee, and BMO Capital Markets is acting as capital markets advisor to Metalla in connection with the Transaction. Osler, Hoskin & Harcourt LLP is acting as legal advisor to the Metalla Special Committee.
PI Financial Corp. acted as financial advisor and fairness opinion provider to the Nova Board and the Nova Special Committee. Haywood Securities Inc. provided a fairness opinion to the Nova Special Committee. Blake, Cassels & Graydon LLP is acting as legal advisor to the Nova Special Committee and DLA Piper (Canada) LLP is acting as counsel to Nova and as transaction counsel generally. Dorsey & Whitney LLP and DLA Piper LLP (US) are acting as United States legal counsel to Metalla and Nova, respectively. New Risk • Aug 17
New minor risk - Financial position The company has less than a year of cash runway based on its current free cash flow. Free cash flow: -CA$7.2m This is considered a minor risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 47% per year over the past 5 years. Minor Risks Less than 1 year of cash runway based on current free cash flow (-CA$7.2m). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Revenue is less than US$5m (CA$2.0m revenue, or US$1.5m). Reported Earnings • Aug 17
Second quarter 2023 earnings released: CA$0.031 loss per share (vs CA$0.023 loss in 2Q 2022) Second quarter 2023 results: CA$0.031 loss per share (further deteriorated from CA$0.023 loss in 2Q 2022). Net loss: CA$2.76m (loss widened 41% from 2Q 2022). Revenue is forecast to grow 43% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Annuncio • May 18
Nova Royalty Corp. Announces Board Resignations Nova Royalty Corp. announced changes to Board of Directors. The company has accepted the resignation of Douglas Silver, Johanna Fipke, and Andrew Greville. Annuncio • May 11
Nova Royalty Corp. to Report Q1, 2023 Results on May 17, 2023 Nova Royalty Corp. announced that they will report Q1, 2023 results After-Market on May 17, 2023 Reported Earnings • Mar 24
Full year 2022 earnings released: CA$0.093 loss per share (vs CA$0.12 loss in FY 2021) Full year 2022 results: CA$0.093 loss per share (improved from CA$0.12 loss in FY 2021). Net loss: CA$7.90m (loss narrowed 16% from FY 2021). Revenue is forecast to grow 39% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada. Recent Insider Transactions Derivative • Mar 03
Independent Non-Executive Director exercised options to buy CA$49k worth of stock. On the 1st of March, E. Tucker exercised options to buy 33k shares at a strike price of around CA$4.75, costing a total of CA$157k. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. Since June 2022, Tucker's direct individual holding has decreased from 2.13m shares to 1.97m. Company insiders have collectively bought CA$173k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions • Feb 20
Independent Non-Executive Director recently sold CA$75k worth of stock On the 14th of February, E. Tucker sold around 50k shares on-market at roughly CA$1.50 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of CA$115k more than they bought in the last 12 months. Annuncio • Feb 14
Nova Royalty Corp. Appoints Douglas Silver as Independent Director Nova Royalty Corp. announced the addition of Douglas Silver as an independent director of the Company's Board of Directors, effective immediately. Douglas Silver has over 40 years of experience as an active professional in the metals and mining industry. He has been an exploration geologist, management consultant, mineral appraiser, M&A advisor, investor relations expert, and mine financier. Mr. Silver was a founder, CEO and Chairman of International Royalty Corporation and participated in building the world's largest mining private equity firm as a portfolio manager. Through his work with the University of Arizona's colleges of Engineering and Science and the Lowell Institute for Mineral Resources, Mr. Silver's mentorship and support of education have contributed to the careers of countless mining industry professionals. Advocacy for women's involvement at all levels of the mining industry is of particular importance for Mr. Silver, who has supported the advancement of women's rights and education in mining throughout his career. He is a member of the U.S. National Mining Hall of Fame and will be inducted into the Canadian Mining Hall of Fame in May 2023, making him one of only three people to hold both honours. Recent Insider Transactions • Feb 05
Independent Non-Executive Director recently sold CA$52k worth of stock On the 2nd of February, E. Tucker sold around 33k shares on-market at roughly CA$1.58 per share. This transaction amounted to 1.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth CA$75k. Insiders have been net sellers, collectively disposing of CA$40k more than they bought in the last 12 months. Recent Insider Transactions • Jan 11
Independent Non-Executive Director recently sold CA$75k worth of stock On the 5th of January, E. Tucker sold around 50k shares on-market at roughly CA$1.50 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$53k more than they sold in the last 12 months. Reported Earnings • Nov 17
Third quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.021 loss in 3Q 2021) Third quarter 2022 results: CA$0.027 loss per share (further deteriorated from CA$0.021 loss in 3Q 2021). Net loss: CA$2.31m (loss widened 38% from 3Q 2021). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Metals and Mining industry in Canada. Board Change • Nov 16
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Alex Tsukernik is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Nov 08
Nova Royalty Corp. to Report Q3, 2022 Results on Nov 16, 2022 Nova Royalty Corp. announced that they will report Q3, 2022 results After-Market on Nov 16, 2022 Recent Insider Transactions • Oct 11
Insider recently bought CA$304k worth of stock On the 3rd of October, Ryan Beedie bought around 200k shares on-market at roughly CA$1.52 per share. This transaction amounted to 2.3% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$128k more in shares than they have sold in the last 12 months. Reported Earnings • Aug 11
Second quarter 2022 earnings released: CA$0.023 loss per share (vs CA$0.018 loss in 2Q 2021) Second quarter 2022 results: CA$0.023 loss per share (down from CA$0.018 loss in 2Q 2021). Net loss: CA$1.96m (loss widened 45% from 2Q 2021). Over the next year, revenue is forecast to grow 165%, compared to a 19% growth forecast for the industry in Canada. Annuncio • Aug 03
Nova Royalty Corp. to Report Q2, 2022 Results on Aug 10, 2022 Nova Royalty Corp. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 10, 2022 Annuncio • Jul 21
Nova Royalty Corp. Appoints Guy Elliott as an Independent Director and Chair of the Audit Committee Nova Royalty Corp. announced the addition of Guy Elliott as an independent director of the Company and Chair of the Audit Committee, effective immediately. 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. Recent Insider Transactions • Apr 29
Independent Non-Executive Director recently sold CA$114k worth of stock On the 22nd of April, E. Tucker sold around 39k shares on-market at roughly CA$2.91 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$1.4m more than they sold in the last 12 months. Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Alex Tsukernik is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Annuncio • Apr 09
Nova Royalty Corp., Annual General Meeting, Jun 21, 2022 Nova Royalty Corp., Annual General Meeting, Jun 21, 2022. Recent Insider Transactions • Mar 02
Independent Non-Executive Director recently sold CA$98k worth of stock On the 24th of February, E. Tucker sold around 34k shares on-market at roughly CA$2.89 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought CA$1.5m more than they sold in the last 12 months. Board Change • Jan 01
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Alex Tsukernik is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Dec 03
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Alex Tsukernik is the most experienced director on the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Nov 21
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. President, CEO & Director Alex Tsukernik is the most experienced director on the board, commencing their role in 2018. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Annuncio • Sep 10
Nova Royalty Corp. announced that it has received CAD 2.072399 million in funding On September 9, 2021, Nova Royalty Corp. closed the transaction. The transaction included participation from three investors. Recent Insider Transactions • Aug 27
Insider recently bought CA$1m worth of stock On the 25th of August, Ryan Beedie bought around 303k shares on-market at roughly CA$3.30 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$1.7m more in shares than they have sold in the last 12 months. Annuncio • Aug 26
Nova Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 12.71358 million. Nova Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 12.71358 million.
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 2,891,994
Price\Range: CAD 3.3
Discount Per Security: CAD 0.198
Security Name: Common Shares
Security Type: Common Stock
Securities Offered: 960,606
Price\Range: CAD 3.3
Discount Per Security: CAD 0.132 Recent Insider Transactions • Jun 30
Insider recently bought CA$97k worth of stock On the 28th of June, Ryan Beedie bought around 34k shares on-market at roughly CA$2.86 per share. In the last 3 months, they made an even bigger purchase worth CA$125k. Insiders have collectively bought CA$474k more in shares than they have sold in the last 12 months. Recent Insider Transactions • Jun 19
Insider recently bought CA$125k worth of stock On the 17th of June, Ryan Beedie bought around 42k shares on-market at roughly CA$3.02 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought CA$252k more in shares than they have sold in the last 12 months. Annuncio • Jun 12
Nova Royalty Provides Update on its Investment in the Vizcachitas Project and Appoints Douglas Silver as Strategic Advisor Nova Royalty Corp. is pleased to provide an update on its investment in the Vizcachitas project and announced the appointment of Douglas B. Silver as Strategic Advisor to the company. On April 30, 2021, Los Andes Copper Ltd. the 100% owner of the Vizcachitas project ("Vizcachitas") in Chile, announced that it had received unanimous approval from the Regional Environmental Committee (Comision de Evaluacion Ambiental) for drilling to be carried out at Vizcachitas. Once the remaining permits required to commence drilling are received, LAC will be able to undertake the drilling program needed to complete a Pre-Feasibility Study ("PFS") on Vizcachitas. The proposed workplan includes infill drilling within the PFS open pit, drilling to extend the higher-grade mineralization to the north of the Preliminary Economic Assessment pit, and to test the prospective geophysical targets identified in 2020. Subsequently, on May 3, 2021, LAC announced that Queens Road Capital ("Queens Road"), a leading financier to the global resource sector, invested US$5 million in LAC by way of convertible debenture and that Warren Gilman, Chairman and CEO of Queens Road, would join the LAC Board of Directors. Subsequently, the Resolución de Calificación Ambiental ("RCA"), which confirmed the contents of the drilling permit announced on April 30, 2021, was publicly released. Pursuant to Nova's agreement with RCF VI CAD LLC, an affiliate of Resource Capital Funds VI L.P. ("RCF VI"), the Company issued 535,179 shares to RCF VI (reflecting a milestone payment in the amount of US$1,750,000 satisfied in common shares of Nova and priced based on a 30-day volume weighted average trading price up to and including April 29, 2021). The company anticipates making an additional payment of US$1,750,000 in common shares of Nova at the time that the remaining required permits for commencement of drilling are received. Recent Insider Transactions Derivative • Jun 01
Independent Non-Executive Director exercised options to buy CA$1.3m worth of stock. On the 27th of May, E. Tucker exercised options to buy 367k shares at a strike price of around CA$0.30, costing a total of CA$108k. This transaction amounted to 21% of their direct individual holding at the time of the trade. Since December 2020, Tucker has owned 1.73m shares directly. Company insiders have collectively bought CA$227k more than they sold, via options and on-market transactions, in the last 12 months. Annuncio • Feb 23
Nova Royalty Corp. (TSXV:NOVR) completed the acquisition of 0.98% Royalty on Open Pit Operations and 0.49% on Underground Operations on Vizcachitas Project from Resource Capital Fund VI L.P., a fund managed by RCF Management, LLC, for CLP 4.6 billion. Nova Royalty Corp. (TSXV:NOVR) entered into a royalty purchase agreement to acquire 0.98% Royalty on Open Pit Operations and 0.49% on Underground Operations on Vizcachitas Project from Resource Capital Fund VI L.P., a fund managed by RCF Management, LLC, for CLP 4.6 billion on February 10, 2021. The transaction terms include CLP 4.6 billion in cash payable on closing and the issuance of Nova Shares with the values set forth below upon achievement of the following milestones on the Project: (i) CLP 1.2 billion upon issuance of a valid Resolución de Calificación Ambiental (“RCA”), an environmental permit that allows drilling activities regarding the project, and an additional CLP 1.2 billion upon issuance of the other permits required by the RCA to commence the execution of drilling on the project; (ii) CLP 1.1 billion upon the disclosure of a pre-feasibility study prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects with respect to the project and which includes the concession; and (iii) CLP 3.2 billion upon the first to occur of: (A) LAC or its successors or assigns makes a fully-financed construction decision on the project; (B) LAC or its successors or assigns enters into an earn-in transaction with respect to the Project or for LAC itself, with a third party, for a minimum interest of 51%; or (C) LAC or its successors or assigns sells the Project or LAC to an arms' length third party. The transaction is expected to close on March 2021.
Nova Royalty Corp. (TSXV:NOVR) completed the acquisition of 0.98% Royalty on Open Pit Operations and 0.49% on Underground Operations on Vizcachitas Project from Resource Capital Fund VI L.P., a fund managed by RCF Management, LLC, on February 22, 2021. Is New 90 Day High Low • Jan 20
New 90-day high: CA$5.34 The company is up 240% from its price of CA$1.57 on 21 October 2020. The Canadian market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Annuncio • Dec 30
Nova Royalty Corp. Announces Board Changes Nova Royalty Corp. announced the addition of Andrew Greville as an independent director of the company, effective January 1, 2021. Mr. Greville is a mining engineer with over 35 years of experience at some of the world's leading mining companies including Xstrata plc, BHP Group plc, and Pechiney SA (now Rio Tinto Limited). Mr. Greville will be replacing Robert Leckie, a founding director of Nova who has graciously agreed to step down from the board of directors of the company to accommodate the appointment of Mr. Greville, and will continue to act as a consultant to the company. Annuncio • Nov 05
Nova Royalty Adds E.B. Tucker to the Board of Directors Nova Royalty Corp. announced the addition of E.B. Tucker as an independent director effective immediately. Mr. Tucker currently serves as an independent director of Metalla Royalty & Streaming. Annuncio • Nov 04
Nova Royalty Corp. Announces Chief Financial Officer Changes Nova Royalty Corp. announced the appointment of Bill Tsang as Chief Financial Officer, effective immediately. Mr. Tsang will be replacing Doug Reed who has served as Nova's Chief Financial Officer since 2018. 