Company: GROY-WT
Filing Date: 2025-03-20
Form Type: 20-F
Source: 0000950170-25-042306
Chunk: 31

Company: Gold Royalty Corp.
Filing Date: 2025-03-20
Form: 20-F
Item: Item 4
Chunk 31
---
% NSR   Au           NWT, Canada    
Yellowknife Project (Nicholas Lake)   GoldMining              1.0% NSR   Au           NWT, Canada    
Yellowknife Project (Ormsby-Bruce)    GoldMining              1.0% NSR   Au           NWT, Canada    
 † subject to buyback right.
 __________
 Notes:
 (1)Certain of the royalties in this table do not apply to the entire project areas. 
 (2)Royalty subject to a production hurdle of 10 million oz of production.
 Note on Royalty and Streaming Coverage
 Our royalties, streaming and similar interests do not apply to the entirety of each project in some cases. For example, our:
 •royalties on the Canadian Malartic Property apply to portions of the entire property and do not cover all operating areas, particularly the open pit areas where a majority of production to date has occurred. However, we have royalties on portions of the Odyssey, East Malartic, Sladen and Sheehan zones, all of the Jeffrey zone and the eastern portion of the Barnat Extension of the Canadian Malartic Property. In addition, certain of the above interests are subject to rights of the underlying operators to buyback portions of the underlying royalty, thereby reducing the applicable royalty rate;
 •royalty on the Côté Gold Mine applies generally to the southern portions of the Cȏté open pit;
 •royalty on the Cozamin Mine applies generally to the southeastern portion of the mine, specifically over the Calicanto and Vicochea claims;
 •royalty on the Borden Mine applies generally to the eastern portions of the Borden underground workings that reside underneath the neighbouring lake; 
 •Vareš copper stream applies to the mining area for the entire Rupice deposit and all currently disclosed planned mine development areas; 
 •royalty on the Railroad Project applies to a checkerboard pattern of claims which includes partial coverage over the Pinion and Dark Star Main deposits; and
 •royalty on the Fenelon Gold Project applies to the Fenelon Gold Property which covers the Fenelon deposit but not the broader Fenelon-Martiniere land package.
 Titles, Mineral Rights, Leases, or Options and Acreage Involved
 The titles, mineral rights, leases, and options involved with our royalty and streaming interests vary depending on the country and include exploitation concessions, unpatented and patented claims, fee lands, mining leases and prospecting and mining licenses. See " –