Nova Royalty To Acquire NSR On Copper World And Rosemont Copper Projects

VANCOUVER - Nova Royalty Corp. has entered into a royalty purchase agreement with arm's length private parties pursuant to which Nova will acquire an existing 0.135% net smelter return (NSR) royalty, on the Copper World and Rosemont copper projects in Arizona, owned by Hudbay Minerals Inc. Nova will also be granted a Right of First Refusal (the "ROFR") in respect to an additional 0.540% NSR owned by the Sellers covering the same area as the Royalty.

Alex Tsukernik, President and CEO, said, "We are excited to be adding another high-quality, long-life royalty to Nova's portfolio of generational assets. Copper World and Rosemont represent one of the largest and most strategic copper districts in the United States, with Hudbay recently reporting an initial mineral resource at Copper World of over 400 million tonnes. We are also encouraged to see Hudbay, a top-tier operator, advance and prioritize this project as a near-term production opportunity. This acquisition further demonstrates Nova's consistent success in executing on our strategy of locking in royalties on the next generation of the world's most strategic copper projects. Owning royalties on generational assets such as Copper World and Rosemont have the potential to provide our investors with decades-long cash flow streams, while also minimizing their exposure to cost inflation and operational risk. We remain focused on continuing to build out our portfolio with the goal of creating and delivering sustainable, long-lived shareholder value."