Metalla Royalty & Streaming (MTA) Corporate Presentation summary

Company overview

• Emerging mid-tier royalty and streaming company with over 100 mining royalties and sector-leading production growth.

• Focused on gold, silver, and copper assets in North America, South America, and Australia.

• Aims to provide investors leverage to precious metals and enhance shareholder value through a diversified portfolio managed by top operators.

• Management has executed 32 value-accretive transactions, acquiring over 100 royalties in 8 years.

• Experienced leadership team with deep mining, finance, and capital markets expertise.

Growth and financial highlights

• Projected >35% compound annual growth rate (CAGR) in gold equivalent ounces (GEOs) over four years, from 2,500 to over 8,500 GEOs annually.

• Portfolio NAV is heavily weighted to gold (54%) and copper (32.8%), with 93.9% of NPV in North and South America.

• Trading at a material NAV discount to peers, with significant growth not reflected in current valuation.

• Average analyst target price is $5.28, above the recent share price of $3.00.

• $309M capital deployed across 32 transactions, with strong NAV per share growth and a track record of cash flow and accretive investments.

Asset portfolio and quality

• Over 100 royalties and streams, including cornerstone assets: Côté-Gosselin, Tocantinzinho, Taca Taca, and Copper World.

• 8 of top 10 assets are operated by companies with >$2B market cap and have an average 20-year mine life.

• Portfolio includes producing, development, and exploration assets, with a focus on safe jurisdictions.

• Key producing assets: Aranzazu, Tocantinzinho, Wharf, La Encantada, and La Guitarra.

• Key development assets: Côté-Gosselin, Endeavor, Copper World, Taca Taca, Castle Mountain, Wasamac, Vizcachitas, and Fosterville.