Gold Royalty (GROY) Registration filing summary

Company overview and business model

• Operates as a precious metals royalty company with a portfolio of 258 royalty and streaming interests, 8 of which are on cash-flowing assets.

• Focuses on acquiring royalties, streaming, and similar interests at various mine life stages to provide balanced returns.

• Employs a royalty generator model, acquiring and optioning mineral properties to third parties while retaining royalty interests.

• Does not conduct mining operations or contribute capital costs to properties; may conduct non-material exploration to support its model.

• Recently appointed John Griffith as President and expanded Jackie Przybylowski's role to include sustainability.

Financial performance and metrics

• Reported positive cash flows from operations: $6.2 million for 2025 and $2.5 million for 2024, and for the three months ended March 31, 2026.

• Total capitalization as of March 31, 2026: $721.99 million, with 230,809,201 common shares outstanding.

• Excludes additional shares issuable upon exercise of options, restricted share units, and warrants.

Use of proceeds and capital allocation

• Proceeds may be used for growth and acquisition strategy, including acquiring additional royalties, streams, or similar interests.

• May also be allocated for general corporate purposes, funding operations, working capital, or debt repayment.

• If positive cash flow is not maintained, proceeds may fund ongoing operations.