0001062993-26-001696
SEC filingOR Royalties Inc. (Ticker: OR), a Quebec, Canada-based royalty company in the mining sector (SIC 1040), filed its Annual Report on Form 40-F with the SEC on March 30, 2026, covering the fiscal year ended December 31, 2025. This filing, made under the Multijurisdictional Disclosure System (MJDS), incorporates the company's Annual Information Form (Exhibit 99.1) and audited annual financial statements prepared in accordance with IFRS, distinct from U.S. GAAP. The company lists 187,152,235 common shares outstanding, traded on the New York Stock Exchange under symbol OR, with no Section 12(g) or 15(d) securities. It confirms full compliance with SEC reporting requirements, electronic data submission under Regulation S-T, and attestation of internal controls under Sarbanes-Oxley Section 404(b), while not qualifying as an emerging growth company. The document features extensive forward-looking statements covering 2026 production guidance, 5-year outlook, revenue estimates, dividend sustainability, commodity price fluctuations (gold, silver, copper), asset development, and ESG goals like carbon neutrality. These are tempered by substantial risk disclosures, including operator risks, permitting delays, geological hazards, currency fluctuations (CAD/USD), regulatory changes, climate impacts, and PFIC status uncertainties. Assumptions rely on operator disclosures and industry data. Differences in Canadian vs. U.S. practices are highlighted, with mineral disclosures under NI 43-101 and CIM standards. No material financial restatements or incentive compensation recoveries are noted. This routine annual filing provides transparency for U.S. investors into OR Royalties' operations, growth prospects, and risk profile in the volatile mining royalty space.