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NOVA COMPLETES ACQUISITION OF ADDITIONAL ROYALTY ON HUDBAY'S COPPER WORLD COMPLEX

Newswire.ca - Tue Jul 11, 2023

TSXV: NOVR
OTCQB: NOVRF

(All dollar amounts are in United States Dollars unless otherwise indicated)

VANCOUVER, BC, July 11, 2023 /CNW/ - Nova Royalty Corp. ("Nova" or the "Company") (TSXV: NOVR) (OTCQB: NOVRF) is pleased to announce that, further to its news release dated July 5, 2023, it has completed its acquisition (the "Transaction") of an additional 0.03% net smelter return ("NSR") royalty (the "Additional Royalty") on the Copper World Complex project ("Copper World") located in Arizona, USA, owned by Hudbay Minerals Inc. ("Hudbay") (TSX: HBM) (NYSE: HBM). Nova now holds a 0.315% NSR royalty on Copper World and retains a right of first refusal in respect of an additional 0.360% NSR royalty on Copper World (the "ROFR").

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.

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