GOLD ROYALTY TO ACQUIRE PRODUCING PEDRA BRANCA GOLD AND COPPER ROYALTY

VANCOUVER, BC, Dec. 8, 2025 /PRNewswire/ – Gold Royalty Corp. (“Gold Royalty” or the “Company“) (NYSE American: GROY) is happy to announce that it has entered into an guarantee to obtain an present royalty (the “Royalty“) at the Pedra Branca mine, from BlackRock Global Mining Accept as true with plc (“BlackRock“) for $70 million in money (the “Transaction“). Pedra Branca is an working copper and gold mine situated in Brazil and these days owned and operated by means of a subsidiary of BHP Staff Restricted (“BHP“). In August 2025, BHP introduced the sale of the Pedra Branca mine and alternative property within the Carajás patch to CoreX Keeping BV, which is predicted to finish upon the pride of normal endmost situations. All quantities are expressed in U.S. bucks until differently famous.

David Garofalo, Chairman and CEO of Gold Royalty, commented: “We are pleased to announce another significant addition to our portfolio. The acquisition of the Pedra Branca royalty represents an immediate and material addition to our cash flows. On completion, our portfolio of high-quality assets will include eight cash flowing assets and a deep pipeline of over 250 royalty and streaming interests.”

Transaction Highlights:

• Materially accretive to Gold Royalty money flows: For the twelve months ended June 30, 2025, the Royalty expense recorded to the prior royalty holder used to be roughly $7.9 million, similar to roughly 2,800 gold similar oz. (“GEOs“)* at a median gold value of $2,811 in keeping with ounce. The Royalty is predicted so as to add important and significant money wave to Gold Royalty next final touch of the purchase, together with on account of the flow gold pricing shape.
• Complements leverage to gold and copper: The Royalty’s phrases come with a 25% internet smelter go back royalty (“NSR“) on gold and a couple of% NSR on copper constructed from Pedra Branca. This additional complements Gold Royalty’s already robust gold publicity from each a income and asset price standpoint. Gold Royalty believes the improved copper publicity is well timed, given the these days robust long-term basics for the steel in keeping with call for projections to backup the approaching world transition to renewable power.
• Sexy royalty construction: The Royalty has complete protection over the Pedra Branca East and Pedra Branca West deposits. The Royalty does now not come with any step-down choices so it supplies complete publicity to long run optionality of the asset.
• Publicity to manage constituent asset: The Pedra Branca East underground copper and gold mine accomplished first manufacturing in 2020 and had an approximate 800 ktpa mining price operated by means of OZ Minerals. BHP got Pedra Branca when it got OZ Minerals in 2023 and has persisted to increase the mine date and reported will increase in Pedra Branca’s Mineral Sources and Ore Reserves, as reported within the BHP Annual Record for the hour ended June 2025.
• Global-class operators: The mine used to be built by means of OZ Minerals and is these days operated by means of BHP. On August 18, 2025, BHP introduced {that a} wholly-owned subsidiary of CoreX Keeping BV had assuredly to obtain Pedra Branca, along side BHP’s alternative Carajás copper property in Brazil.
• Supremacy-tier jurisdiction: Pedra Branca is situated within the Carajás patch in Brazil’s Pará circumstance, a prolific mining patch which is house to world-class iron ore deposits in addition to copper, gold, manganese, copper, tin, and aluminum.

* GEOs is a non-IFRS measures and wouldn’t have a standardized that means underneath IFRS. See “Non-IFRS Measures” for additional knowledge.

The Transaction and Royalty

Pursuant to the transaction, Gold Royalty will gain the Royalty in trade for $70 million in money, payable to Blackrock at endmost. The Corporate has to be had assets and constancy to investmrent the acquisition value. Finishing touch of the purchase is topic to normal endmost situations.

Pursuant to the guarantee, next endmost, Gold Royalty will obtain all bills on the subject of manufacturing from the Royalty for sessions finishing next December 31, 2025.

The Royalty is composed of a 25% NSR on gold and a 2% NSR on copper and alternative merchandise constructed from the Pedra Branca mine, comprising the Pedra Branca West and Pedra Branca East subjects, and the previous Antas North mine which has been absolutely depleted as depicted at the map in Determine 1 underneath.

Pedra Branca

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

The mine is composed of an iron oxide copper gold attic. Top-grade zones of semi-massive and breccia mineralization with dominant chalcopyrite as the important thing copper-bearing mineral.

Pedra Branca used to be got by means of OZ Minerals in 2018 when OZ Minerals bought Avanco Sources together with its initiatives within the Carajás Copper Area and the Gurupi Greenstone Belt. OZ Minerals commenced mine development in 2019; the mine used to be ramped as much as complete manufacturing in 2022. Therefore, BHP got OZ Minerals in 2023.

In its annual record for the hour ended June 30, 2025, BHP disclosed JORC-based estimated deliberate mineral assets of two.4 Mt at 1.68% copper and zero.47 g/t gold and indicated mineral assets of 12 Mt at 1.41% copper and zero.40 g/t gold, using a cut-off in keeping with an NSR price of $78.73/t. It additionally disclosed estimated confirmed mineral reserves at Pedra Branca of one.3 Mt at 1.8% copper and zero.48 g/t gold and possible mineral reserves of two.5 Mt at 1.85% copper and zero.49 g/t gold, using cut-offs in keeping with NSR values of $78.73/t above mining degree 810 and $84.20/t underneath the 810 mining degree.

On August 18, 2025, BHP introduced {that a} wholly-owned subsidiary of CoreX Keeping BV had assuredly to obtain Pedra Branca, along side BHP’s alternative Carajás copper property in Brazil. CoreX Keeping is an international, extremely various business conglomerate established in 2024. It operates throughout a large length of industries together with metals and mining, ports and terminals, inexperienced power, delivery and logistics, and alternative sectors. The corporate operates in over 55 nations with a staff exceeding 20,000 workers. CoreX Metals & Mining, the metals and mining subsidiary of CoreX Keeping, is without doubt one of the global’s greatest chromite and ferrochrome manufacturers and in addition has operations in nickel, copper, and gold.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty corporate providing inventive financing answers to the metals and mining business. Its venture is to put money into top quality, sustainable, and accountable mining operations to create a various portfolio of valuable metals royalty and streaming pursuits that generate great long-term returns for our shareholders. Gold Royalty’s various portfolio these days is composed basically of internet smelter go back royalties on gold homes situated within the Americas.

Certified Particular person

Alastair Nonetheless, P.Geo., Director of Technical Services and products of the Corporate, is a “qualified person” as such word is outlined underneath Canadian Nationwide Device 43-101 (“NI 43-101“) and has reviewed and licensed the technical knowledge disclosed on this information let fall.

Realize to Traders

Excluding the place differently mentioned, the disclosure on this information let fall on the subject of the Pedra Branca mine has been derived from BHP’s annual record for the hour ended June 30, 2025, a album of which is to be had on its web site at www.bhp.com, its alternative disclosures recognized herein and alternative nation knowledge disclosed by means of it. Such knowledge has now not been independently verified by means of the Corporate. In particular, Gold Royalty has restricted, if any, get right of entry to to the component topic to the Royalty. Even supposing Gold Royalty does now not have any wisdom that such knowledge is probably not correct, there may also be disagree agreement that such third-party knowledge is whole or correct.

Except differently indicated, the technical and medical disclosure contained or referenced on this information let fall, together with any references to mineral assets or mineral reserves, used to be ready by means of the BHP underneath the 2012 Version of the Australasian Code for Reporting of Exploration Effects, which differs from the necessities underneath NI 43-101 and the ones of the U.S. Securities and Alternate Fee, together with underneath subpart 1300 of Legislation S-Okay underneath the Securities Alternate Business of 1934 (“SK 1300”). Accordingly, the medical and technical knowledge contained or referenced on this information let fall is probably not similar to homogeneous knowledge ready by means of entities underneath NI 43-101 or SK 1300.

As well as, the disclosure herein comprises knowledge relating to useful resource and keep estimates and alternative exploration knowledge ready and disclosed by means of BHP, which has been integrated by means of the Corporate pursuant to Merchandise 1304 of SK1300 as such knowledge used to be ready and disclosed by means of BHP previous to the Corporate’s acquisition of an hobby within the Royalty. The Corporate isn’t treating such knowledge as a flow estimate of mineral assets or mineral reserves underneath SK1300 and notes {that a} certified individual of the Corporate has now not completed adequate paintings to categorise the estimate as such underneath SK1300.

Ahead-Taking a look Statements:
Positive of the tips contained on this information let fall constitutes “forward-looking information” and “forward-looking statements” throughout the that means of appropriate Canadian and U.S. securities regulations (jointly, “forward-looking statements“), together with however now not restricted to statements relating to: the advantages of the purchase, its anticipated affect at the Corporate’s money flows and monetary place; expectancies in regards to the endmost of the transaction introduced herein, and expectancies in regards to the operations and/or construction of the Pedra Branca mine and the initiatives underlying the Corporate’s royalties, tide. Such statements may also be usually recognized by means of the virtue of phrases akin to “may”, “will”, “expect”, “intend”, “believe”, “plans”, “anticipate” or homogeneous phrases. Ahead-looking statements are founded upon sure suppositions and alternative noteceable components, together with suppositions of control in regards to the accuracy of the disclosure of the operators of the initiatives underlying the Corporate’s flow and proposed pursuits, their skill to reach disclosed plans and goals, macroeconomic situations, commodity costs, the power of the events to fulfill situations to the final touch of the transaction introduced herein and the Corporate’s skill to finance moment expansion and acquisitions. Ahead-looking statements are topic to a variety of dangers, uncertainties and alternative components which would possibly motive the fresh effects to be materially other from the ones expressed or implied by means of such forward-looking statements together with, amongst others, the chance that the transaction introduced herein does now not related when anticipated, or in any respect, as a result of situations to endmost don’t seem to be glad on a well timed foundation, any incapacity to any incapacity of the operators of the homes underlying the Corporate’s royalties, tide and alternative pursuits to kill proposed plans for such homes or to accomplished deliberate construction and manufacturing estimates and targets, dangers matching to the operators of the initiatives during which the Corporate holds pursuits, together with the a success continuation of operations at such initiatives by means of the ones operators, dangers matching to exploration, construction, allowing, infrastructure, working or technical difficulties on this sort of initiatives, the affect of macroeconomic traits, the power of the Corporate to hold out its expansion plans and alternative components poised forth within the Corporate’s Annual Record on Mode 20-F for the hour ended December 31, 2024, and its alternative publicly filed paperwork underneath its profiles at www.sedarplus.ca and www.sec.gov. Even supposing the Corporate has tried to spot noteceable components that would motive fresh effects to fluctuate materially from the ones contained in forward-looking statements, there is also alternative components that motive effects to not be as expected, estimated or supposed. There may also be disagree agreement that such statements will end up to be correct, as fresh effects and moment occasions may fluctuate materially from the ones expected in such statements. Accordingly, readers must now not park undue reliance on forward-looking statements. The Corporate does now not adopt to replace any forward-looking statements, excluding in keeping with appropriate securities regulations.

Non-IFRS Measures

We’ve integrated, on this file, sure efficiency measures, together with: (i) GEOs which is a non-IFRS measures. The presentation of such non-IFRS measures is meant to grant alternative knowledge and must now not be regarded as in isolation or as an alternative choice to measures of efficiency ready in keeping with IFRS. Those non-IFRS measures wouldn’t have any standardized that means prescribed by means of IFRS and alternative firms would possibly calculate those measures in a different way.

GEOs

GEOs appropriate to the Royalty have been motivated by means of dividing Overall Income, Land Assurance Proceeds and Hobby won by means of the prior holder by means of the common gold costs for the appropriate duration:

SOURCE Gold Royalty Corp.