Lunr Royalties Corp · TSX:LUNR
Lunr Royalties — Investor Presentation (January 2026)
12 slides from Lunr Royalties's investor presentation, January 2026
Slide 1: Reach for the moon
TSXV: LUNR Reach for the moon INVESTOR PRESENTATION | January 2026 www.lunrroyalties.com
Slide 2: Cautionary Statement
Cautionary Statement Caution Regarding Forward-Looking Information Certain of the statements made and information contained herein is “forward-looking information” within the meaning of applicable Canadian securities laws. All statements other than statements of historical facts included in this doc
Slide 3: Purpose Built To Deliver Value
Purpose Built To Deliver Value LunR was spun-out of NGEx Minerals with one purpose: to capture value in the mining royalty and streaming space. LunR will leverage its extensive network and expertise to TSX: NGEX unlock royalty & streaming opportunities. OTCQX: NGXXF LunR will apply the Lundin Group’
Slide 4: The Royalty Sector Opportunity
The Royalty Sector Opportunity The royalty sector is consolidating, leading to an opportunity in the intermediate space ($1B to $5B market cap). We plan to seize this opportunity and build scale efficiently, growing into a senior royalty company valuation. Royalty Peer Group Market Caps US$46.4B
Slide 5: Leadership
Leadership MANAGEMENT Adam Lundin Trevor D’Sa Connor Mackay Judy A. McCall President & CEO Chief Investment Chief Financial Officer Corporate Secretary Officer BOARD Adam Lundin Jamie Beck Martino De Ciccio Wojtek Wodzicki Chair Director Director Director LunR Royalties 5
Slide 6: Capital Structure
Capital Structure Snapshot As of January 23, 2026 Share Ownership Listing TSXV: LUNR % of Issued & outstanding as of January 23, 2026 Basic Shares Outstanding 70.4M 19.0% Options 4.1M - NGEx Minerals Fully Diluted 74.5M - Lundin Family Trusts Basic Market Cap. C$1.2B (at C$17.35/shr) 51.8% - Insider
Slide 7: Our Assets
Our Assets Los Helados | 1.38% NSR Lunahuasi | 1.00% NSR Location: Region III, Chile Location: San Juan Province, Argentina Ownership: 69% NGEx, 31% Nippon Caserones Ownership: 100% NGEx Deposit Type: Copper-Gold Porphyry Deposit Type: High-sulphidation epithermal Mineralization: Copper-Gold-Silver
Slide 8: Top-Line Exposure to the Vicuña District
Top-Line Exposure to the Vicuña District Soon to be one of the largest copper-gold-silver production centers globally Lunahuasi and Los Helados are the last pieces of the Vicuña puzzle. They are highly strategic assets with significant exploration upside and the potential for long mine lives. Other
Slide 9: Lunahuasi
Lunahuasi 1.00% NSR One of the highest-grade base and precious metal discoveries of recent history Three distinct styles of overprinting mineralization1: High-sulphidation Cu-Au-Ag veins Discovery Hole: 60.0 m at 7.52% CuEq2 (5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag) Hole 28: 51.1 m at 13.84% CuEq2 (5
Slide 10: Los Helados
Los Helados 1.38% NSR One of the largest undeveloped copper projects on Earth October 2023 Mineral Resource Estimate1 Grade Contained Cut-off Tonnes Category (% CuEq) (Mt) Cu (%) Au (g/t) Ag (g/t) Cu (Blbs) Au (Moz) Ag (Moz) Indicated 2,080 0.40 0.15 1.5 18.4 10.2 97.5 0.33 Inferred 1,080 0.34 0.10
Slide 11: Lundin Group Spin-outs Have Created Immense Value
Lundin Group Spin-outs Have Created Immense Value Share Price Return Following Date of Spin-out 8,000% 28-Aug-16 Aug 2016 Filo starts trading following spin- out from NGEx Resources 7,000% 23-Jul-19 13-May-21 Jul 2019 NGEx Minerals starts trading Filo announces discovery 6,000% following spin-out fr
Slide 12: Contact
Contact: LunR Royalties Corp. Suite 2800, 1055 Dunsmuir St. Vancouver, BC, Canada V7X 1L2 info@lunrroyalties.com www.lunrroyalties.com
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