Nova increases royalty interest on Hudbay’s Copper World Complex

TSX-V-listed Nova Royalty has increased its royalty position on the Copper World Complex project, in Arizona, with the acquisition of an additional 0.03% net smelter return (NSR) royalty.

Nova will now hold 0.165% royalty on Copper World and its right of first refusal in respect to an additional 0.54% will reduce to 0.51% NSR upon completion of the transaction.