hi my name is joseph de la plant i'm chief investment officer for nomad royalty company nomad is a precious metals royalty and streaming company listed on the tsx and new york stock exchange or the sticker symbol nsr and we're building a portfolio of low risk high return investments we are a team of individuals that have come together to start nomad um and we're tremendously experienced in our field of precious metals royalty and streaming having built another royalty company before and that's very important for our shareholders who will benefit from this growth through the growth in our cash flow per share and net asset value per share as we continue to execute on our growth plan we're a young team a new generation team working very hard to continue to grow our business and this is a very unique opportunity for shareholders to come into the ground floor of a new royalty company something that doesn't happen every year or even every five years and we're very excited to bring you on this journey as we grow our business as a company we do not need to own operations in order to get revenues from gold and silver from mines throughout the world and we do that by having contracts with these mines called royalty contracts or streaming contracts that give us the right to a percentage of the metal from these mines as and when they produce as a matter of fact we have six employees today and that's not going to change whether we have 15 royalties in the portfolio as is the case currently or if that increases to 40. and so what it allows us to do is have a very high profit margin within our business we currently sit with profit margins of 90 that's a very meaningful number when you consider the overall profit margins in the overall mining space and what it allows us to do is to pay out a high dividend and nomad has currently the highest dividend yield in the precious metal royalty space at two and a half percent but it also allows us to reinvest that cash flow coming into opportunities to continue and pursue our growth and that's opportunity to have the growth as well as the dividend represents a really good um value creation vehicle and that is what allows to deliver the high returns that we see in the royalty space and that we've seen over the last 10 years and certainly the ones that we expect to deliver to our shareholders in the coming years another area where we're continuing to execute on our plan is we recently announced a new listing on the new york stock exchange listing in the us is a very meaningful event for our business it's something that we've wanted to do from day one since listing what we expect it will do is open up an entirely new pool of investors who are looking to invest in companies like nomad and we expect it'll have a very meaningful impact on our volume and our evaluation as we grow our u.s presence over the next months and years in fact we've recently seen in the last couple of years some of our some of our peers having listed in the in the us and seeing very dramatic increase increases in their volume and overall liquidity it's a very important milestone for us we're very proud to have achieved it and it's a really good time if you're in the us to not be looking at nomad because you have access to trade our stock on the main board on the new york stock exchange we recently announced a second acquisition of uh the castronus royalty we had announced the first acquisition early in may we've now increased our overall exposure to this royalty so our total dollars invested at this point are just over 50 million dollars for 0.63 royalty um one that's been producing since 2014 it has a 17-year my life once they're up and running the operators are incentivized to continue and explore for you know to increase the size of their deposits and that really generates high returns over time keep in mind we own a royalty we don't have to further invest to have exposure to all of that upside and you know we do it in a way that's really low risk we don't have exposure to the operating costs of the operation only the revenues this is a great way the royalty model can deliver that low risk high return profile and what makes royalty companies really good investments and growth through transactions is really how you the investor benefit from an investment in a company like ourselves and that's what we are singularly focused on and in fact following the acquisition of the castrones royalty we recently announced um that we have increased our credit facility um so we initially had a 75 million credit facility that's been increased to 125 to 150 million dollars and we also have 25 million dollars on the balance sheet all in all we're very well positioned very confident that we are in a very good place in the mining and the royalty space right now to capture uh that deal flow within the 25 to 100 million dollar range something that is not as coveted uh in the royalty space because the big companies are focused on very large transactions and it means that we don't have as much competition within this space and it's the reason why we think we can grow very quickly with the financial capacity that we have and continue to grow the business and deliver value to shareholders we're delivering the highest dividend yield in the overall precious metals royalty space and we're really well positioned to continue to grow it's a very good time to look at nomad for your portfolio uh so with that uh for investors looking for more information we will be traveling to the denver gold forum in the coming weeks and we'll be meeting with investors and keep an eye out for our new new york stock exchange listing and we will begin trading tomorrow on august 31st and very pleased to be bringing you this update today thank you very much you