Investment Canada Approval Received, Sandstorm Reminds Shareholders of Voting Deadline for Upcoming Special Meeting

Executive Summary

• Sandstorm Gold Ltd. confirms that Royal Gold Inc. has obtained all required government regulatory approvals (Investment Canada Act, Canadian Competition Act, and South African antitrust approval) for the pending acquisition of Sandstorm.
• The transaction remains subject to customary closing conditions, including shareholder approvals and court clearance, with an anticipated close in early Q4 2025.
• Sandstorm reminds shareholders of the proxy voting deadline (Oct 7, 2025) and special meeting date (Oct 9, 2025) to approve the arrangement with Royal Gold.

Key Details

• Regulatory Approvals Received: Investment Canada Act, Canadian Competition Act, South African antitrust approval – all necessary for the Sandstorm‑Royal Gold acquisition.
• Closing Conditions: Approval by Royal Gold and Sandstorm shareholders, Supreme Court of British Columbia endorsement, satisfaction/waiver of Horizon Transaction conditions, Nasdaq listing of Royal Gold’s issued shares.
• Anticipated Closing: Expected early in the fourth quarter of 2025, pending fulfillment of above conditions.
• Special Meeting Information:
• Date: October 9, 2025 at 8:00 a.m. Vancouver time.
• Proxy voting deadline: October 7, 2025 at 8:00 a.m. Vancouver time.
• Board recommendation: Vote FOR the arrangement approval.
• Voting Instructions & Assistance: Online voting encouraged due to Canada Post strike; contact Laurel Hill Advisory Group for assistance (toll‑free numbers and email provided).
• Shareholder Logistics: Use courier services or hand‑deliver documents to Computershare Investor Services Inc., Toronto, if mailing is impacted by the strike.

Notable Quotes

(No direct quotes were included in the release.)