Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 80

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 80
---
 will commence and the date on which such right shall expire; |

| ● | the                                                                         
 manner of exercise of the warrants, including any cashless exercise rights; |

| ● | any                                                                                                                               
 provisions for adjustment of the number or amount of securities receivable upon exercise of the warrants or the exercise price of 
 the warrants;                                                                                                                     |

| ● | if                                                                                                
 applicable, the minimum or maximum amount of such warrants that may be exercised at any one time; |

| ● | if                                                                                                                                 
 applicable, the designation and terms of the securities with which such warrants are issued and the number of such warrants issued 
 with each such security;                                                                                                           |

| ● | if                                                                                                                
 applicable, the date on and after which such warrants and the related securities will be separately transferable; |

| ● | the                                                        
 warrant agreement under which the warrants will be issued; |

| ● | the                                                                                                                       
 effect of any merger, consolidation, sale or other disposition of our business on the warrant agreement and the warrants; |

| ● | anti-dilution                       
 provisions of the warrants, if any; |

| ● | the                                                                 
 manner in which the warrant agreement and warrants may be modified; |

| ● | the                                                                                  
 identities of the warrant agent and any calculation or other agent for the warrants; |

| ● | certain                                                                                 
 material Canadian and United States tax consequences of holding or exercising warrants; |

| ● | any                                                                                                                              
 securities exchange or quotation system on which the warrants or any securities deliverable upon exercise of the warrants may be 
 listed or quoted;                                                                                                                |

| ● | information                                        
 with respect to book-entry procedures, if any; and |

| ● | any                                                                                                                              
 other terms of such warrants, including terms, procedures and limitations relating to the exchange or exercise of such warrants. |

The prospectus supplement relating to any warrants to purchase equity securities may also include, if applicable, a discussion of certain U.S. and Canadian federal income tax and Employee Retirement Income Security Act of 1974 considerations.

| 17 |

Each warrant will entitle its holder to purchase the principal amount of debt securities or the number of preferred or common shares at the exercise price set forth in, or calculable as set forth in, the applicable prospectus supplement.

After the close of business on the expiration date, unexercised warrants will become void. We will specify the place or places where, and the manner in which, warrants may be exercised in the applicable prospectus supplement.

Prior to the exercise of any warrants