Company: GROY-WT
Filing Date: 2025-11-26
Form Type: 424B5
Source: 0001493152-25-025086
Chunk: 0

Company: Gold Royalty Corp.
Filing Date: 2025-11-26
Form: 424B5
Chunk 0
---
Filed Pursuant to Rule 424(b)(5)

Registration No. 333-276305

PROSPECTUS SUPPLEMENT

(To Prospectus Dated February 26, 2024)

<div align='center'>Up to 21,052,632 Initial Debenture Shares

Up to 1,804,511 Special Conversion Shares

(and up to 40,000,000 Interest Shares issuable upon the payment of interest in respect thereof)

Offered by the Selling Shareholders</div>

This prospectus supplement amends and supplements the information in the prospectus, dated February 26, 2024 (the “Prior Prospectus”), filed as part of the registration statement on Form F-3 (File No. 333-276305) (as amended, the “Registration Statement”), relating to the resale of (i) up to 21,052,632 common shares (the “Initial Debenture Shares”), no par value, of Gold Royalty Corp. (the “Company”), initially issuable upon the conversion of those certain 10.0% 2023 Unsecured Convertible Debentures (the “Debentures”) that each of Queen’s Road Capital Investment Ltd. (“QRC”) and Taurus Mining Royalty Fund L.P., a fund managed by Taurus Funds Management Pty Limited (collectively, “Taurus” and, together with QRC, the “Subscribers”) subscribed to, at an initial conversion price of $1.90 per share (the “Conversion Price”), (ii) up to 1,804,511 additional common shares (the “Special Conversion Shares”) issuable upon the Subscribers’ exercise of their conversion right at a special conversion price of $1.75 per share, subject to the conditions described in that certain trust indenture between the Company and Odyssey Trust Company, as trustee (the “Trustee”), dated as of December 15, 2023 (the “Indenture”), which governs the Debentures (the “Special Conversion Price”), and (iii) up to 40,000,000 additional common shares (the “Interest Shares”, and together with the Initial Debenture Shares and Special Conversion Shares, the “Debenture Shares”), which is a reasonable good-faith estimate of the maximum number of common shares that the Company believes are issuable as a payment of interest on the Debentures, at a price (the “Interest Price”) equal to the twenty (20) consecutive trading