Sandstorm receives court OK for takeover by Royal Gold

Executive Summary

• The Supreme Court of British Columbia approved Sandstorm Gold Royalties Ltd.’s plan of arrangement with Royal Gold Inc., enabling Royal Gold to indirectly acquire all outstanding Sandstorm shares.
• Sandstorm shareholders will receive 0.0625 share of Royal Gold common stock for each Sandstorm share held.
• Closing is expected on October 20, 2025, after which Sandstorm will delist from the TSX and NYSE and cease reporting obligations in Canada and the U.S.

Key Details

• Court Approval: Final order granted by the Supreme Court of British Columbia for the arrangement.
• Consideration: Each Sandstorm share converts into 0.0625 share of Royal Gold common stock.
• Closing Timeline: Anticipated closing date – October 20, 2025, subject to customary closing conditions.
• Post‑Closing Actions:
• Delist Sandstorm’s securities from the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE).
• Apply to Canadian securities regulators for termination of reporting status.
• Deregister Sandstorm shares under the U.S. Securities Exchange Act of 1934.
• Reference Documents: Detailed arrangement information available in the Management Information Circular dated September 8, 2025 on SEDAR+ and EDGAR.

Notable Quotes

(No direct quotes provided in the release.)