Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 18

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 18
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2025. See “ Risk Factors – Risks Relating to the Acquisition”.

Financing the Acquisition

We intend to utilize the proceeds of this offering to fund the cash consideration payable at closing of the Acquisition.

The Royalty

The Royalty is represented by a royalty agreement dated August 28, 2014, as amended by a deed of amendment and restatement dated June 30, 2015 (collectively, the “ Royalty Agreement”), among BlackRock, Avanco Lux I S.C.S. (the “ Obligor”), Avanco Resources Limited and AVB (the “ Guarantors”), and applies to portions of Pedra Branca, including (i) the Antas North deposit, which is subject to certain mining concessions as set forth in the Royalty Agreement, including any mines to be developed within that area, as more particularly described in the Royalty Agreement (the “ Antas North Deposit”); (ii) the Pedra Branca deposit, subject to certain exploration licenses and mining concessions as set forth in the Royalty Agreement, including any mines to be developed within that area, as more particularly described in the Royalty Agreement (the “ Pedra Branca Deposit”); and (iii) any other mining project within the broader licensed area within the Carajás province in Brazil set out in the Royalty Agreement which any of the Guarantors or any of the Guarantors’ respective subsidiaries develops or considers developing, as the case may be, other than the Antas North Deposit or the Pedra Branca Deposit (the “ Other Projects”).

Pursuant to the Royalty Agreement, the Obligor granted to BlackRock the Royalty consisting of net smelter returns equal to: (i) 2% on all copper ore, copper concentrate on finished copper metal (“ Copper Products”) recovered or produced from the Antas North Deposit or Pedra Branca Deposit; (ii) 25% on all gold ore, gold concentrate and metal (“ Gold Products”) recovered or produced from the Antas North Deposit or Pedra Branca Deposit; (iii) 2% on any and all metals in ore, intermediate or finished form, apart from Copper Products or Gold Products (“ Other Products” and, collectively with Copper Products and Gold Products, the “ Products”), produced from the Antas North Deposit or Pedra Branca Deposit; and (iv) 2% on all Products recovered or produced from any Other Project.

If the Guarantors or any of the Guarantors’ respective subsidiaries