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Nations Royalty (TSXV: NRC) has a new Chief Executive Officer. The company on Tuesday announced the appointment of Derrick Pattenden as President and CEO, promoting him from the role of Chief Investment Officer.
Pattenden is set to replace Rob McLeod in the role, who has stepped down to take on the role of CEO of Ascot Resources (TSXV: AOT). McLeod, a founder of Nations Royalty, will continue to serve as a director of the company and assist in supporting a leadership transition.
Pattenden is a band member of the Mohawks of the Bay of Quinte First Nation, and has been with Nations Royalty since May 2024, and was appointed a director of the company in December. He holds a Bachelor of Applied Science in Mining Engineering from the University of British Columbia and also holds a CFA designation.
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“Founding Nations Royalty with the Nisga’a Nation and guiding it through its early stages has been an incredibly meaningful journey. As the Company enters its next phase of growth, the Board and I believe this is the right time to transition leadership to Derrick. He brings deep industry expertise, capital markets experience, and a strong understanding of our assets and values. One of our key goals is for an Indigenous management and I am excited for Derrick to take on the roll of CEO,” commented McLeod on Pattenden’s appointment.
Nations Royalty last traded at $1.20 on the TSX Venture.
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