Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 53

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 53
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<div align='center'>CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS</div>

This prospectus, including the information incorporated by reference into this prospectus, contains, and any prospectus supplement may include, forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act and may constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable Canadian securities laws (collectively, “ forward-looking statements”). Forward-looking statements include statements that may relate to our plans, objectives, goals, strategies, future events, future revenue or performance, capital expenditures, financing needs and other information that is not historical information. Forward-looking statements can often be identified by the use of terminology such as “subject to”, “believe”, “anticipate”, “plan”, “target”, “expect”, “intend”, “estimate”, “project”, “outlook”, “may”, “will”, “should”, “would”, “could”, “can”, the negatives thereof, variations thereon and similar expressions, or by discussions of strategy. In addition, any statements that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking. In particular, forward-looking statements include, but are not limited to, statements about:

| ● | our                                                                  
 plans and objectives, including its acquisition and growth strategy; |

| ● | our                                                                                                       
 future financial and operational performance, including expectations regarding projected future revenues; |

| ● | royalty                                                                                                                       
 and other payments to be made to us by the owners and operators of the projects underlying our royalties and other interests; |

| ● | expectations                               
 regarding our royalty and other interests; |

| ● | the                                                                                 
 plans of the operators of properties where we own or may acquire royalty interests; |

| ● | estimates                                                                                     
 of mineral reserves and mineral resources on the projects in which we hold royalty interests; |

| ● | estimates                                                                  
 regarding future revenue, expenses and needs for additional financing; and |

| ● | adequacy                        
 of capital and financing needs. |

These forward-looking statements are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other assumptions that we currently believe