OR · OR Royalties Inc.

OR Royalties has secured a strategically aligned precious metals stream on Canadian Copper’s brownfield Murray Brook deposit and permitted Caribou Complex in New Brunswick’s Tier-1 Bathurst Mining Camp, enhancing its focus on silver and gold exposure. The $28.0 million deposit structures upfront $5.0 million at closing with $23.0 million in quarterly installments tied to milestones like permits, First Nations approvals, and a board construction decision, mitigating deployment risk while supporting advancement. The stream captures 20% of payable silver and gold at a low 20% spot price purchase rate, delivering high-margin GEOs expected before 2030 and expanding beyond the company’s 120,000-135,000 GEO 5-year outlook. Full construction financing is assured via a concurrent $35.0 million prepayment from Ocean Partners, complemented by OR’s $4.0 million equity stake at C$0.75 per share for alignment. Robust security includes full-recourse guarantees and shared first-ranking interests, plus a ROFR on future interests. The brownfield assets, backed by a July 2025 PEA outlining 13.2-year mine life, 3,300 tpd open-pit production, and average annual payables including 783koz Ag, position the project for accelerated permitting and 2029 first production, bolstering OR’s portfolio in low-risk jurisdictions.