Metalla Royalty & Streaming Ltd. · TSXV:MTA
Metalla Royalty & Streaming — Investor Presentation (July 2025)
29 slides from Metalla Royalty & Streaming's investor presentation, July 2025
Slide 1: July 2025 NYSE & TSXV: MTA
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 1 July 2025 NYSE & TSXV: MTA METALLAROYALTY.COM
Slide 2: Forward Looking Statements
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 2 Forward Looking Statements This presentation contains certain "forward looking statements" and certain "forward-looking information" as defined under Forward-looking statements and information are based on forecasts of future results, estimates
Slide 3: About
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 3 About Metalla is an emerging mid-tier royalty and streaming company with over 100 mining royalties and sector leading production growth. Our aim is to provide investors leverage to gold, silver, and copper; and enhance shareholder value by prude
Slide 4: The Case for Investment
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 4 The Case for Investment ROYALTY COMPANY DELIVERING INDUSTRY LEADING GROWTH Peer-Leading Best In Class Best In Class Growth Focused on Jurisdictional Risk Operator Risk Inflationary Metals Profile Profile Projected four-year > 35% Asset base focu
Slide 5: The Capital Structure
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 5 The Capital Structure 52 week high/low Basic Shares Outstanding (M) 92.5 MTA - Share Price (Daily): $3.33 MTA - Volume (Daily): 0.86M $4.09/$2.48 Options & Other Dilutive Securities (M) 4.8 $4.50 2.00 M Fully Diluted Shares Outstanding (M) 97.3
Slide 6: Portfolio of assets focused solely on favorable mining jurisdictions
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 6 7 Producing Assets Portfolio of assets focused solely on favorable mining 29 jurisdictions in the Development Assets Americas & Australia 11 Advanced Exploration Assets 53 Exploration Assets
Slide 7: Asset Portfolio Highlights
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 7 Asset Portfolio Highlights HIGH GROWTH PORTFOLIO FOCUSED ON GOLD, COPPER AND SILVER IN SAFE JURISDICTIONS NPV by Continent NPV by Metal NPV By Stage Exploration Current Australia 0.5% Production 6.3% 12.2% Silver Other 6.4% Advanced 7.2% Explora
Slide 8: A Focus on Asset Quality & Operator
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 8 A Focus on Asset Quality & Operator TOP 10 ASSETS AVERAGE MINE LIFE (YEARS) 20 16 13 13 12 11 Metalla Triple Flag OR Royalties Versamet Gold Royalty Elemental NUMBER OF TOP 10 ASSETS WITH $2B OPERATOR 8 6 6 5 4 2 Metalla Triple Flag Osisko Gold
Slide 9: Industry Leading Growth Profile
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 9 Industry Leading Growth Profile Estimated Compound Annual Growth Rate of > 35% over 4 Years ~ 15,000 – 30,000 Production Growth (GEOs) + Copper World Base Production (GEOs) + Fosterville + Castle Mountain + Taca Taca + Gosselin Base Production +
Slide 10: Key Assets: Côté & Gosselin
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 10 CÔTÉ & GOSSELIN Ontario, Canada Metal Exposure: Gold 1.35% NSR – Development Estimated 496Koz Au per year for the first six years, expansion potential with inclusion of 7.4 Moz Gosselin deposit Revised mine plan to incorporate Gossel
Slide 11: Key Assets: Tocantinzinho
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 11 TOCANTINZINHO Para State, Brazil Metal Exposure: Gold 0.75% GVR - Production Commercial production achieved September 2024 with estimated production of 175Koz per annum over ten and half years at a $681/oz AISC. Over 2 Moz of gold in
Slide 12: Key Assets: Endeavor
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 12 ENDEAVOR Cobar, Australia Metal Exposure: Zinc, Silver, Lead 4% NSR - Development Underground mine restart with excellent infrastructure. Recent restart plan projects a ten-year mine life producing 10.6Moz Ag, 260Kt Zn and 90Kt Pb. E
Slide 13: Asset Portfolio Highlights
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 13 Asset Portfolio Highlights HIGH GROWTH PORTFOLIO FOCUSED ON GOLD, COPPER AND SILVER OPERATED BY TIER ONE COUNTERPARTIES Producing Royalties Endeavor Aranzazu Tocantinzinho Wharf La Encantada La Guitarra New Luika 4.0% NSR 1.0% NSR 0.75% GVR 1.0
Slide 14: The Track Record
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 14 The Track Record $9 Acquires royalty 32 portfolio from $9 Lama Transactions $8 100 $8 Merges with Côté / Gosselin Gurupi Tocantinzinho $7 Aranzanzu, Royalties / Streams Acquired Vizcachitas Acquires second Copper World GDXJ NAV/Sh royalty portf
Slide 15: The Track Record
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 15 The Track Record THE COMBINATION OF CASH FLOW AND ACCRETION AT THE ASSET LEVEL DRIVES STRONG NAVPS GROWTH AVERAGE ~37% COMPOUND ANNUAL GROWTH RATE ON MATERIAL INVESTMENTS BASED ON ANALYST CONSENSUS Tocantinzinho Alamos Portfolio ~28% CAGR ~33%
Slide 16: The Value Proposition
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 16 The Value Proposition 2.4x 2.2x 1.8x 1.7x 1.5x 1.3x 1.2x 1.1x 1.0x 0.9x 0.7x 0.7x 0.4x WPM FNV RGLD OR TFPM SSL VOXR ELE ALS DRR GROY MTA ECOR Source: Consensus Broker Research
Slide 17: The Investment Thesis
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 17 The Investment Thesis ROYALTY COMPANY DELIVERING INDUSTRY LEADING GROWTH Peer-Leading Best In Class Best In Class Growth Focused on Jurisdictional Risk Operator Risk Inflationary Metals Profile Profile Projected four-year > 35% Asset base focus
Slide 18: Contact Us
M E TM ALE LT A LRLO A YR AOLT YYA L&T Y S T&R E SATR MEI N AMG I (NMGT A (M-N TYA S- N E )Y S |E ) J a| nJuual ryy 22002255 | 18 CONTACT US 6 0 4 . 6 9 6 . 0 7 4 1 INFO@METALLAROYALTY.COM Suite 501 – 543 Granville Street Vancouver, BC Canada V6C 1X8
Slide 19: The Leadership Team
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 19 The Leadership Team EXPERIENCED BOARD WITH A TRACK RECORD OF SUCCESS Brett Heath Jason Cho Saurabh Handa Sunny Sara Faya Haqna CEO & Director President CFO VP Acquisitions Director Corporate Founder of Metalla – a metals Accomplished mining exe
Slide 20: Key Assets: Copper World
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 20 COPPER WORLD Arizona, USA Metal Exposure: Copper, Gold, Silver, Molybdenum 0.315% NSR - Development Estimated average annual GEO production ~ 1,100 Long-life cathode production of up to ~92Kt per annum in the first ten years Recent P
Slide 21: Key Assets: Taca Taca
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 21 TACA TACA Salta, Argentina Metal Exposure: Copper, Gold, Molybdenum 0.42% NSR – Development – 32 year LOM Estimated average annual GEO production ~ 4,600 One of the largest undeveloped copper deposits in the Americas, with potential
Slide 22: Key Assets: Wharf
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 22 WHARF Reliable GEO Delivery 900 South Dakota, USA 800 Metal Exposure: Copper, Gold, Molybdenum 700 1.0% GVR – Production – 7-year LOM 600 Estimated average annual GEO production ~ 800 500 2025 guidance of 90-100 Koz gold production.
Slide 23: Key Assets: Aranzazu
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 23 ARANZAZU Reliable GEO Delivery 900 Zacatecas, Mexico 800 Metal Exposure: Copper, Gold, Silver 700 1% NSR - Producing 600 Estimated average annual GEO production ~ 800 500 400 Steady producer with history of strong cash margins with 8
Slide 24: Key Assets: Wasamac and Vizcachitas
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 24 VIZCACHITAS WASAMAC MINE Rouyn-Noranda, Quebec Central Chile Metal Exposure: Gold Metal Exposure: Copper, Silver, Molybdenum 1.5% NSR - Development 0.98% NSR - Development Estimated average annual GEO production ~ 3,000 Estimated ave
Slide 25: Key Assets: Castle Mountain and Fosterville
Key Assets METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 25 CASTLE MOUNTAIN MINE FOSTERVILLE San Bernardino, California Bendigo, Australia Metal Exposure: Gold Metal Exposure: Gold 5.0% NSR – Development (Phase 2) 2.5% GVR – Development Estimated average annual GEO production ~ 5,000 Covers t
Slide 26: The Track Record
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 26 The Track Record COMBINATION OF CASH FLOW AND ACCRETION AT THE ASSET-LEVEL DRIVES STRONG NAVPS GROWTH Portfolio Investment EV + Portfolio Return $399 $29 Cash Flow / Revenue Since Inception Portfolio Consensus NAV Consensus NAV $503 Enterprise
Slide 27: Our Assets
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 27 Our Assets PROPERTY OPERATOR LOCATION METAL TERMS PROPERTY OPERATOR LOCATION METAL TERMS PRODUCTION Aranzazu Aura Minerals Zacatecas, Mexico Cu, Au, Ag 1% NSR Bancroft Transition Metals Ontario, Canada Au 1.0% NSR El Realito Agnico Eagle Sonora
Slide 28: Notes
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 28 Notes (1) For details, please refer to IAMGOLD’s October 15, 2024 Press Release, 2023 Annual Information Form and IAMGOLD’s Press on (i) the operators of the mines or properties and their qualified persons to provide technical or other informat
Slide 29: NYSE & TSXV: MTA METALLAROYALTY.COM
METALLA ROYALTY & STREAMING (MTA-NYSE) | July 2025 | 29 NYSE & TSXV: MTA METALLAROYALTY.COM
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