Company: GROY-WT
Filing Date: 2025-12-08
Form Type: 424B5
Source: 0001493152-25-026680
Chunk: 14

Company: Gold Royalty Corp.
Filing Date: 2025-12-08
Form: 424B5
Chunk 14
---
 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 our acquisition and growth strategy (including with respect 
 to the Acquisition);                                                                        |

| ● | 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, streaming and other interests;                                              |

| ● | expectations                                            
 regarding our royalties, streaming and other interests; |

| ● | the                                                                                      
 plans and expectations of the operators of properties where we own royalty and streaming 
 interests;                                                                               |

| ● | estimates                                                                                        
 of mineral reserves and mineral resources on the projects in which we have royalty and streaming 
 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 are appropriate and reasonable in the circumstances, including that:

| ● | the                                                                                       
 public disclosures of the operators regarding the properties underlying our interests are 
 accurate, including that such operators will meet their disclosed production targets and  
 expectations;                                                                             |

| ● | current                                                                         
 gold, base metal and other commodity prices will be sustained, or will improve; |

| ● | the                                                                                        
 proposed development of the projects underlying our interests will be viable operationally 
 and economically and will proceed as expected;                                             |

| ● | any                                                                            
 additional financing required by us will be available on reasonable terms; and |

| ● | operators                                                                                 
 of the properties where we hold royalties and streaming interests will not experience any 
 material accident, labor dispute or failure of equipment.                                 |

Despite a careful process to prepare and review the forward-looking statements, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct.

| S-9 |

Actual results could differ materially from those anticipated in these forward-looking statements as a result of the following risk factors, among others:

| ● | we                                                                                             
 own passive interests in mining properties, and it is difficult or impossible for us