Slide 1: A Diversified Royalty Company Focused On Monetizing its Resource Assets
A Diversified Royalty Company Focused On Monetizing its Resource Assets To Buy Cash flowing Royalties
Slide 2: Forward-Looking Statement
Forward-Looking Statement Forward-Looking Statements This presentation contains “forward-looking information” within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward
Slide 3: Company Overview
Company Overview Summary Profile § In 2022 Royalties Inc. (“RI” or “the Company”), previously Xtierra § HQ: Toronto, ON (CAN) Inc., transitioned from strictly being a mineral exploration company § Part-time employees: 3 to focus on the more consistent and lucrative business of cash § Website: royalt
Slide 4: Asset Overview – 3 investments with optionality and income
Asset Overview – 3 investments with optionality and income § Royalties Inc. offers a unique blend of high-growth potential and stable cash flow, making it a compelling investment opportunity with asymmetric returns Silver Project NSR – Capstone Lawsuit Music Royalties • Project economics have • Hold
Slide 5: Asset #1: Silver Project – Potential US$10-20 Million in Value
Asset #1: Silver Project – Potential US$10-20 Million in Value Bullish outlook for silver in the current macroeconomic environment - a perfect storm for monetizing Profile and Status Map § Location: Zacatecas, § Mining claims Mexico § Surface Land § Ownership: 100% interest § 1.5% NSR § Over $23M in
Slide 6: Asset #1: Bilbao Silver Project – 2026 Drill Plan
Asset #1: Bilbao Silver Project – 2026 Drill Plan Proven Resource Updated to Economically Feasible Current Resource Model (1) Company Documents 6 CSE: RI OTC: ROYIF
Slide 7: Asset #1: Bilbao Silver Project – Historical Drill Results
Asset #1: Bilbao Silver Project – Historical Drill Results Major Exploration Potential from 6 Satellite Silver Veins Historical Drill Results Drill From To Meters g/t Ag Hole X42 181 182 1.00 182 X75 252 253 0.70 2047 X34 311 313 2.00 711 X37 320 322 2.00 330 X26 381 387 6.00 847 X26 361 362 1.00 58
Slide 8: Asset #2: Disputed Capstone Cozamin 2% Royalty on Portree
Asset #2: Disputed Capstone Cozamin 2% Royalty on Portree A potential US$40 Million+ litigation windfall Asset Overview Legal Proceedings § RI holds an 88% interest in Minera Portree de Zacatecas § MPZ secured landmark victory on June 16, 2025 (“MPZ”) § A Zacatecas court judgment properly recognized
Slide 9: Asset #2: VRIFY – MNFWZ production in Portree 1 claim
Asset #2: VRIFY – MNFWZ production in Portree 1 claim § The following shows ‘reserves’ slide from Capstone’s VRIFY Model with the Portree Claims overlayed § Clearly proves Capstone has been mining on the Portree 1 claim on which it owes a 2% royalty Portree 1 9 (1) Taken from the 2024 VRIFY of Cozam
Slide 10: Asset #2: VRIFY – MNFWZ production in Portree claim
Asset #2: VRIFY – MNFWZ production in Portree 1 claim § The red lines show the estimated location of the Portree 1 claim on the MNFWZ where production has taken place since at least 2019 (and perhaps earlier) Portree 1 10 (1) Taken from the 2024 VRIFY of Cozamin Mine – Note the claim location may be
Slide 11: Asset #2: VRIFY – Capstone's Motivation
Asset #2: VRIFY – Capstone’s Motivation Overview Highest Grade Drill Holes at Cozamin In the Portree Claim § CG-20-S473 § CG-20-S466 § On April 24, 2020 Capstone press release states • 5.16% Cu; 92.2 g/t Ag TW 5.2m • 3.7% Cu; 100.7 g/t Ag, TW 7.3m “the best drill hole results” ever from the Portree
Slide 12: Asset #2: Capstone's Press Release – "Smoking Gun"
Asset #2: Capstone’s Press Release – “Smoking Gun” Overview – April 23, 2020 Capstone Press Release § Admission the Portree Claim Block had been drilled and is amongst the best drill results ever at Cozamin § Drill Holes S471, S473, S466, S476 – with the best result being S471 highlighted in the tit
Slide 13: Asset #3: Cash Flowing Music Royalties
Asset #3: Cash Flowing Music Royalties A sustainable way to produce retirement grade income and growth Investment in Music Royalties Inc. (“MRI”) Direct Acquisitions § RI Holds a 4.9% stake in Music Royalties Inc., § RI acquired 4 additional music royalty assets in which owns 31 cash flowing royalti
Slide 14: Management and Directors
Management and Directors 30+ years of experience in managing and taking companies public and acquiring royalties since 2016 Tim Gallagher § Tim is Chairman & CEO of Music Royalties Inc. and the former Chairman & CEO of Metalla Royalty & Chairman and CEO Streaming Ltd. § He is the former Founder and
Slide 15: Capital Structure
Capital Structure RI has no debt and is primarily owned by a small group of long-term investors Debt Equity Management & Board § No debt Tim Gallagher 18.2% § No warrants Andrew Robertson 4.5% Jackie Logan 0.1% § $2M contingent liability (working on removal) Paul O’Brien Nil Gerald J. Gauthier Nil 2
Slide 16: Public Comparables
Public Comparables RI is significantly undervalued relative to its mining and royalty company peers Data provided from Refinitiv 16 CSE: RI OTC: ROYIF
Slide 17: Investment Rationale
Investment Rationale A multifaceted investment rationale, supported by uncorrelated royalty income and commodity price upside 1. Unmatched Diversification: Stability & Potential Growth 2. High-Impact Financial Catalysts § Music Royalties: 4.9% stake in MRI delivering an after-tax § Accelerating Reve
Slide 18: Asset #2: Capstone Copper Cozamin Mine Royalty Payments (USD) per Audited FS
Asset #2: Capstone Copper Cozamin Mine Royalty Payments(USD) per Audited FS Actual Cozamin Revenue USD (Mil) Cozamin Royalties Paid USD Portree Estimated Share 33% Cumulative 10% interest 1 2019 $ 3,551,000 $ 1,183,667 $ 828,567 2 2020 $ 133 $ 3,740,000 $ 1,246,667 $ 748,000 3 2021 $ 248 $ 6,412,000