Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 17

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 17
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 and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking statements, which speak only as of the date made. The forward-looking statements contained in this prospectus supplement and the accompanying prospectus represent management’s expectations as of the date of such statements (or as the date they are otherwise stated to be made) and are subject to change after such date. The forward-looking statements made in this prospectus supplement, the accompanying prospectus or the information incorporated by reference herein and therein relate only to events or information as of the date on which the statements are made in such document. Except as required by U.S. federal securities law and under applicable Canadian securities laws, we undertake no obligation, and disclaim any intention, to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this prospectus supplement, the accompanying prospectus or the information incorporated by reference herein and therein, along with any exhibits thereto, completely and with the understanding that our actual future results may be materially different from what we expect. Other sections of this prospectus supplement, the accompanying prospectus or the information incorporated by reference herein and therein include additional factors which could adversely impact our business and financial performance.

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<div align='center'>THE ACQUISITION</div>

Acquisition Terms

On December 7, 2025, we entered into the Purchase Agreement with BlackRock to acquire the Royalty on certain areas at Pedra Branca, located in Brazil, held by AVB Mineração Ltda. (“ AVB”). Under the terms of the Purchase Agreement, at closing of the Acquisition, we will acquire the Royalty from BlackRock for total cash consideration to BlackRock of $70.0 million. Pursuant to the agreement, after closing, Gold Royalty will receive all payments relating to production from the Royalty for periods ending after December 31, 2025.

The Acquisition remains subject to customary closing conditions. Conditions to closing under the Purchase Agreement include, but are not limited to, (a) the accuracy of each party’s representations and warranties; and (b) the absence of any order or proceeding restraining or prohibiting the transactions contemplated by the Purchase Agreement. The closing of the Acquisition is not conditional on completion of this offering. We anticipate the closing of the Acquisition will take place on or about December 12