Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 82

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 82
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 | any                                                  
 unit agreement under which the units will be issued; |

| ● | any                                                                                                                            
 provisions for the issuance, payment, settlement, transfer or exchange of the units or of the securities comprising the units; |

| ● | whether                                                                            
 the securities comprising the units will be listed on any securities exchange; and |

| ● | whether                                                      
 the units will be issued in fully registered or global form. |

The applicable prospectus supplement will describe the terms of any units. The preceding description and any description of units in the applicable prospectus supplement does not purport to be complete and is subject to and is qualified in its entirety by reference to the unit agreement and, if applicable, collateral arrangements and depositary arrangements relating to such units.

<div align='center'>TAXATION</div>

Our Annual Report on Form 20-F for the most recent year incorporated by reference herein provides a discussion of certain tax considerations that may be relevant to prospective investors in our securities. The applicable prospectus supplement may also contain information about certain material tax considerations relating to the securities covered by such prospectus supplement. Prospective investors should read the tax discussion in any prospectus supplement with respect to a particular offering and consult their own tax advisors with respect to their own particular circumstances.

| 18 |

<div align='center'>PLAN OF DISTRIBUTION</div>

We may sell the securities offered by this prospectus to one or more underwriters or dealers for public offering, through broker-dealers (acting as agent or principal), through agents, directly by us to one or more purchasers (including our affiliates and shareholders), through a specific bidding or auction process, a rights offering or otherwise or through a combination of any such methods of sale. The name of any such underwriters, dealers or agents involved in the offer and sale of the securities, the amounts underwritten and the nature of its obligation to take the securities will be specified in the applicable prospectus supplement. We have reserved the right to sell the securities directly to investors on our own behalf in those jurisdictions where we are authorized to do so. The sale of the securities may be effected in one or more transactions, including block transactions (which may involve crosses) and transactions on any national or international securities exchange or quotation service on which the securities may be listed or quoted at the time of sale; purchases by a broker-dealer as principal and resale by the broker-dealer for its own account pursuant to a prospectus supplement or free writing prospectus; ordinary brokerage transactions and transactions in which a broker-dealer solic