Metalla Royalty & Streaming (MTA) investor relations material

Strategic approach and portfolio growth

• Focus on acquiring royalties in world-class geological trends, with 690,000 hectares covered across the Americas and Australia.

• Emphasis on buying optionality before market pricing, leveraging mispriced assets in the royalty sector.

• Portfolio includes 100 royalties from 33 transactions, with assets held in perpetuity to maximize time arbitrage.

• Eight of the top 10 assets are advanced by operators with market caps over $5 billion, averaging 20-year reserve lives.

• $309 million deployed has grown to $786 million consensus NAV, or over $900 million at current metal prices, with a 35% CAGR on investments.

Production, development, and growth outlook

• Seven producing royalties generated 3,500–4,500 oz in the current year, with record production in 2025 and Q2.

• Growth to 12,000–20,000 oz by decade's end and 35,000 oz at full optionality, with a >35% CAGR forecast over six years.

• All near-term growth is funded by operators, not requiring equity issuance or additional capital.

• Key assets include Côté-Gosselin, Taca Taca, Copper World, Castle Mountain, Joaquin, and Gurupi, each with significant expansion and production potential.

• 55% of NAV expected to be producing by early 2030s, with production growth fully funded.

Asset performance and value creation

• Côté-Gosselin royalty grew from zero to 8.3 million oz gold in five years, with further expansion potential.

• Taca Taca and Copper World represent large, long-life copper projects with significant gold by-products.

• Castle Mountain expected to average 5,000 GEOs/year at 5% NSR, more than total 2026 production.

• Joaquin silver royalty has grown 143% in resource size since acquisition, now one of the largest in Santa Cruz.

• Gurupi in Brazil is undergoing major drilling, with updated resource and maiden PEA expected by 2026.