Versamet Royalties Acquires Cornerstone Canadian Gold Stream on Eskay Creek

Versamet Royalties Corp. announced a definitive agreement to acquire a 3.52% life‑of‑mine gold stream on the Eskay Creek project for $360 million (US$340 M cash, US$20 M in common shares). The stream is expected to deliver >10,000 oz Au per year for the first five years and lift attributable production to >30,000 gold‑equivalent ounces (GEOs) annually once Eskay reaches full capacity (expected Q2 2027). Financing will be provided via an amendment to the credit facility, increasing the revolving line to $250 M and adding a new $150 M term loan, giving a total borrowing base of $400 M.

Key terms: - No step‑downs; if cumulative payable gold falls short of 2.61 M oz by 1 Apr 2040, Versamet receives a one‑time delivery of the shortfall. - Completion tests due 30 Sep 2027; failure triggers a step‑up to 3.67% and further quarterly increases. - The transaction adds a high‑grade, low‑cost Canadian asset, expanding the portfolio to seven paying royalties/streams with three more expected to start production by end‑2027.

The acquisition materially reshapes Versamet’s production profile: - Production uplift: From the 2026 guidance of 20‑23 k GEOs to >30 k GEOs post‑Eskay full‑capacity – a >30% increase. - Revenue & cash‑flow upside: At current gold prices, the added stream could generate several million dollars of additional cash flow annually. - Balance‑sheet strength: The $400 M borrowing base, coupled with recent debt repayment, provides ample liquidity to fund the acquisition and future growth. - Strategic positioning: Adds a flagship Canadian asset, diversifying geographic exposure and enhancing appeal to North‑American institutional investors.

Given the scale of production increase, the financing expansion, and the strategic relevance of a large Canadian mine, the news exceeds prior expectations and qualifies as a Material – Game Changer event.

Versamet Royalties Corp. is a royalty and streaming company focused on acquiring and managing royalty, net‑smelter‑return (NSR), and streaming interests across gold, silver, copper, and other base metals. Its flagship projects include: - Eskay Creek (Canada): Newly acquired 3.52% gold stream, projected >300,000 oz Au/yr in early life, scaling to ~230,000 oz/yr over a 12‑year horizon. - Existing portfolio: Gold streams (Greenstone, Kiaka), silver stream (Rosh Pinah), copper stream (Kolpa), and multiple NSR royalties across Africa and the Americas.