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, including 8 on cash-flowing assets.

• Focuses on acquiring royalties, streams, 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 or similar interests.

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

Financial performance and metrics

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

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

• Shareholders' equity stood at $721.99 million as of March 31, 2026.

Use of proceeds and capital allocation

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

• Funds may also support general corporate purposes, ongoing operations, working capital, and debt repayment.

• If positive cash flow is not maintained, proceeds may be allocated to fund operations.