Metalla Royalty & Streaming (MTA) Corporate Presentation summary

Business overview and strategy

• Emerging mid-tier royalty and streaming company with over 100 mining royalties, focused on gold, silver, and copper in proven geological belts and safe jurisdictions.

• Aims to provide investors leverage to precious metals and enhance shareholder value through disciplined capital allocation.

• Asset base concentrated in North America, South America, and Australia, with 8 of top 10 assets operated by companies valued over $2B and average 20-year mine life.

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

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

Financial highlights and capital structure

• 98.4 million fully diluted shares outstanding, market cap of $313.6M as of June 2, 2025.

• Cash position of $9.0M, convertible debt of $10.7M, and available debt facility of $22.6M.

• Analyst consensus target price of $5.18, with share price at $3.33 and 52-week range of $2.48–$4.00.

• Institutional ownership includes BMO (57%), Beedie Capital (10%), and several other notable investors.

Asset portfolio and growth profile

• Portfolio includes 6 producing assets, 30 development assets, 11 advanced exploration assets, and 53 exploration assets.

• NPV by continent: North America 52.1%, South America 41.5%, Australia 6.3%.

• NPV by metal: Gold 54.2%, Copper 32.1%, Silver 6.4%, Other 7.2%.

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

• Growth driven by ramp-up and new production from key assets including Côté-Gosselin, Tocantinzinho, Endeavor, Copper World, Taca Taca, and others.