GOLD ROYALTY TO ACQUIRE PRODUCING PEDRA BRANCA GOLD AND COPPER ROYALTY

 Gold Royalty Corp. (“Gold Royalty” or the “Firm”) (NYSE American: GROY) is happy to announce that it has entered into an settlement to accumulate an present royalty (the “Royalty”) on the Pedra Branca mine, from BlackRock World Mining Belief plc (“BlackRock”) for $70 million in money (the “Transaction”). Pedra Branca is an working copper and gold mine positioned in Brazil and presently owned and operated by a subsidiary of BHP Group Restricted (“BHP”). In August 2025, BHP introduced the sale of the Pedra Branca mine and different property within the Carajás area to CoreX Holding BV, which is predicted to finish upon the satisfaction of customary closing circumstances. All quantities are expressed in U.S. {dollars} except in any other case famous.

David Garofalo, Chairman and CEO of Gold Royalty, commented: “We’re happy to announce one other important addition to our portfolio. The acquisition of the Pedra Branca royalty represents a right away and materials addition to our money flows. On completion, our portfolio of high-quality property will embrace eight money flowing property and a deep pipeline of over 250 royalty and streaming pursuits.”

Transaction Highlights:

• Materially accretive to Gold Royalty money flows: For the 12 months ended June 30, 2025, the Royalty expense recorded to the prior royalty holder was roughly $7.9 million, equal to roughly 2,800 gold equal ounces (“GEOs“)* at a median gold worth of $2,811 per ounce. The Royalty is predicted so as to add important and significant money stream to Gold Royalty after completion of the acquisition, together with because of the present gold pricing local weather.
• Enhances leverage to gold and copper: The Royalty’s phrases embrace a 25% web smelter return royalty (“NSR“) on gold and a couple of% NSR on copper produced from Pedra Branca. This additional enhances Gold Royalty’s already sturdy gold publicity from each a income and asset worth perspective. Gold Royalty believes the improved copper publicity is well timed, given the presently sturdy long-term fundamentals for the steel based mostly on demand projections to assist the approaching international transition to renewable power.
• Engaging royalty construction: The Royalty has full protection over the Pedra Branca East and Pedra Branca West deposits. The Royalty doesn’t embrace any step-down choices so it supplies full publicity to long run optionality of the asset.
• Publicity to high quality asset: The Pedra Branca East underground copper and gold mine achieved first manufacturing in 2020 and had an approximate 800 ktpa mining price operated by OZ Minerals. BHP acquired Pedra Branca when it acquired OZ Minerals in 2023 and has continued to increase the mine life and reported will increase in Pedra Branca’s Mineral Assets and Ore Reserves, as reported within the BHP Annual Report for the yr ended June 2025.
• World-class operators: The mine was constructed by OZ Minerals and is presently operated by BHP. On August 18, 2025, BHP introduced {that a} wholly-owned subsidiary of CoreX Holding BV had agreed to accumulate Pedra Branca, together with BHP’s different Carajás copper property in Brazil.
• Prime-tier jurisdiction: Pedra Branca is positioned within the Carajás area in Brazil’s Pará state, a prolific mining area which is residence to world-class iron ore deposits in addition to copper, gold, manganese, copper, tin, and aluminum.

* GEOs is a non-IFRS measures and do not need a standardized that means below IFRS. See “Non-IFRS Measures” for additional data.

The Transaction and Royalty

Pursuant to the transaction, Gold Royalty will purchase the Royalty in change for $70 million in money, payable to Blackrock at closing. The Firm has obtainable sources and commitments to fund the acquisition worth. Completion of the acquisition is topic to customary closing circumstances.

Pursuant to the settlement, after closing, Gold Royalty will obtain all funds regarding manufacturing from the Royalty for intervals ending after December 31, 2025.

The Royalty consists of a 25% NSR on gold and a 2% NSR on copper and different merchandise produced from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East areas, and the previous Antas North mine which has been absolutely depleted as depicted on the map in Determine 1 beneath.

Pedra Branca

The Pedra Branca mine is positioned in Água Azul do Norte, which is roughly 160 km from Marabá and 900 km from Belém within the state of Pará, Brazil. Electrical energy is equipped to the mine by way of a 5 MW transmission line. Materials is transported from Pedra Branca and is processed on the Antas North Plant, positioned within the municipality of Curionópolis, Brazil. The plant has been working and depositing tailings into a close-by exhausted open pit.

The mine consists of an iron oxide copper gold deposit. Excessive-grade zones of semi-massive and breccia mineralization with dominant chalcopyrite as the important thing copper-bearing mineral.

Pedra Branca was acquired by OZ Minerals in 2018 when OZ Minerals bought Avanco Assets together with its initiatives within the Carajás Copper Area and the Gurupi Greenstone Belt. OZ Minerals commenced mine development in 2019; the mine was ramped as much as full manufacturing in 2022. Subsequently, BHP acquired OZ Minerals in 2023.

In its annual report for the yr ended June 30, 2025, BHP disclosed JORC-based estimated measured mineral sources of two.4 Mt at 1.68% copper and 0.47 g/t gold and indicated mineral sources of 12 Mt at 1.41% copper and 0.40 g/t gold, using a cut-off based mostly on an NSR worth of $78.73/t. It additionally disclosed estimated confirmed mineral reserves at Pedra Branca of 1.3 Mt at 1.8% copper and 0.48 g/t gold and possible mineral reserves of two.5 Mt at 1.85% copper and 0.49 g/t gold, using cut-offs based mostly on NSR values of $78.73/t above mining stage 810 and $84.20/t beneath the 810 mining stage.

On August 18, 2025, BHP introduced {that a} wholly-owned subsidiary of CoreX Holding BV had agreed to accumulate Pedra Branca, together with BHP’s different Carajás copper property in Brazil. CoreX Holding is a worldwide, extremely diversified industrial conglomerate established in 2024. It operates throughout a variety of industries together with metals and mining, ports and terminals, inexperienced power, delivery and logistics, and different sectors. The corporate operates in over 55 international locations with a workforce exceeding 20,000 staff. CoreX Metals & Mining, the metals and mining subsidiary of CoreX Holding, is without doubt one of the world’s largest chromite and ferrochrome producers and in addition has operations in nickel, copper, and gold.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty firm providing artistic financing options to the metals and mining business. Its mission is to spend money on high-quality, sustainable, and accountable mining operations to construct a diversified portfolio of valuable metals royalty and streaming pursuits that generate superior long-term returns for our shareholders. Gold Royalty’s diversified portfolio presently consists primarily of web smelter return royalties on gold properties positioned within the Americas.

Certified Individual

Alastair Nonetheless, P.Geo., Director of Technical Providers of the Firm, is a “certified particular person” as such time period is outlined below Canadian Nationwide Instrument 43-101 (“NI 43-101“) and has reviewed and accepted the technical data disclosed on this information launch.

Discover to Traders

Besides the place in any other case said, the disclosure on this information launch regarding the Pedra Branca mine has been derived from BHP’s annual report for the yr ended June 30, 2025, a duplicate of which is offered on its web site at www.bhp.com, its different disclosures recognized herein and different public data disclosed by it. Such data has not been independently verified by the Firm. Particularly, Gold Royalty has restricted, if any, entry to the property topic to the Royalty. Though Gold Royalty doesn’t have any information that such data is probably not correct, there may be no assurance that such third-party data is full or correct.

Except in any other case indicated, the technical and scientific disclosure contained or referenced on this information launch, together with any references to mineral sources or mineral reserves, was ready by the BHP below the 2012 Version of the Australasian Code for Reporting of Exploration Outcomes, which differs from the necessities below NI 43-101 and people of the U.S. Securities and Trade Fee, together with below subpart 1300 of Regulation S-Ok below the Securities Trade Act of 1934 (“SK 1300”). Accordingly, the scientific and technical data contained or referenced on this information launch is probably not akin to comparable data ready by entities below NI 43-101 or SK 1300.

As well as, the disclosure herein consists of data concerning useful resource and reserve estimates and different exploration data ready and disclosed by BHP, which has been included by the Firm pursuant to Merchandise 1304 of SK1300 as such data was ready and disclosed by BHP previous to the Firm’s acquisition of an curiosity within the Royalty. The Firm will not be treating such data as a present estimate of mineral sources or mineral reserves below SK1300 and notes {that a} certified particular person of the Firm has not finished ample work to categorise the estimate as such below SK1300.

Ahead-Wanting Statements:
Sure of the knowledge contained on this information launch constitutes “forward-looking data” and “forward-looking statements” throughout the that means of relevant Canadian and U.S. securities legal guidelines (collectively, “forward-looking statements“), together with however not restricted to statements concerning: the advantages of the acquisition, its anticipated influence on the Firm’s money flows and monetary place; expectations concerning the closing of the transaction introduced herein, and expectations concerning the operations and/or growth of the Pedra Branca mine and the initiatives underlying the Firm’s royalties, stream. Such statements may be usually recognized by means of phrases reminiscent of “might”, “will”, “count on”, “intend”, “imagine”, “plans”, “anticipate” or comparable phrases. Ahead-looking statements are based mostly upon sure assumptions and different vital elements, together with assumptions of administration concerning the accuracy of the disclosure of the operators of the initiatives underlying the Firm’s present and proposed pursuits, their potential to realize disclosed plans and targets, macroeconomic circumstances, commodity costs, the flexibility of the events to fulfill circumstances to the completion of the transaction introduced herein and the Firm’s potential to finance future progress and acquisitions. Ahead-looking statements are topic to various dangers, uncertainties and different elements which can trigger the precise outcomes to be materially totally different from these expressed or implied by such forward-looking statements together with, amongst others, the likelihood that the transaction introduced herein doesn’t shut when anticipated, or in any respect, as a result of circumstances to closing aren’t glad on a well timed foundation, any lack of ability to any lack of ability of the operators of the properties underlying the Firm’s royalties, stream and different pursuits to execute proposed plans for such properties or to achieved deliberate growth and manufacturing estimates and objectives, dangers associated to the operators of the initiatives during which the Firm holds pursuits, together with the profitable continuation of operations at such initiatives by these operators, dangers associated to exploration, growth, allowing, infrastructure, working or technical difficulties on any such initiatives, the affect of macroeconomic developments, the flexibility of the Firm to hold out its progress plans and different elements set forth within the Firm’s Annual Report on Kind 20-F for the yr ended December 31, 2024, and its different publicly filed paperwork below its profiles at www.sedarplus.ca and www.sec.gov. Though the Firm has tried to establish vital elements that would trigger precise outcomes to vary materially from these contained in forward-looking statements, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There may be no assurance that such statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, readers shouldn’t place undue reliance on forward-looking statements. The Firm doesn’t undertake to replace any forward-looking statements, besides in accordance with relevant securities legal guidelines.

Non-IFRS Measures

Now we have included, on this doc, sure efficiency measures, together with: (i) GEOs which is a non-IFRS measures. The presentation of such non-IFRS measures is meant to supply extra data and shouldn’t be thought of in isolation or as an alternative to measures of efficiency ready in accordance with IFRS. These non-IFRS measures do not need any standardized that means prescribed by IFRS and different corporations might calculate these measures in another way.

GEOs

GEOs relevant to the Royalty had been decided by dividing Whole Income, Land Settlement Proceeds and Curiosity acquired by the prior holder by the typical gold costs for the relevant interval:

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SOURCE Gold Royalty Corp.

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