OR Royalties (OR) Registration Filing summary

Company overview and business model

• Engages in acquiring and managing royalties, streams, and similar interests on precious metals and other commodities, focusing on high-quality, long-life assets in favorable jurisdictions operated by established mining companies.

• Owns a diversified portfolio: 180 royalties, 15 streams, 3 offtakes, and 8 royalty options, with 22 producing assets as of August 2025.

• Cornerstone asset is the Canadian Malartic Royalty, currently the only material mineral project.

• Aims to provide lower-risk precious metal exposure and seeks accretive investment opportunities to enhance growth.

Financial performance and metrics

• Financial statements are prepared in accordance with IFRS and reported in U.S. dollars.

• Non-IFRS performance measures such as cash margin and adjusted earnings are used to supplement IFRS results.

• Financial information is incorporated by reference from annual and interim filings, including audited and unaudited statements and management’s discussion and analysis.

Use of proceeds and capital allocation

• Net proceeds, proposed uses, and business objectives for each offering will be detailed in the applicable prospectus supplement.

• Management retains broad discretion in allocating proceeds, with actual spending subject to change based on results and business needs.