Sandstorm Gold Royalties Shareholders Approve Proposed Plan of Arrangement with Royal Gold

Executive Summary

• Shareholders approved Sandstorm Gold’s plan of arrangement with Royal Gold, authorizing Royal Gold to acquire all outstanding Sandstone shares.
• Approval was overwhelming: 98.68% of votes cast in favor (including 98.66% after excluding excluded votes).
• Closing is expected on October 20, 2025, subject to customary conditions and regulatory approvals; post‑closing, Sandstorm will delist from TSX and NYSE and cease reporting obligations.

Key Details

• Voting Results: 58% of issued common shares were represented at the special meeting; 98.68% of votes cast approved the arrangement (98.66% after excluded votes).
• Transaction Structure: Royal Gold will indirectly acquire 100% of Sandstorm’s issued and outstanding shares in exchange for shares of Royal Gold common stock (details disclosed in the Management Information Circular dated September 8, 2025).
• Closing Conditions: Anticipated closing date – October 20, 2025; subject to Supreme Court of British Columbia approval, satisfaction/waiver of Horizon Transaction conditions, and Nasdaq listing approval for the new Royal Gold shares.
• Post‑Closing Actions: Sandstorm will delist from TSX and NYSE, apply to cease being a reporting issuer in Canada, and deregister its U.S. securities under the Exchange Act.
• Royal Gold Shareholder Approval: Approximately 99% of votes cast at Royal Gold’s shareholder meeting approved issuance of Royal Gold shares for the acquisition.
• Regulatory Filings: Voting results available on SEDAR+ and EDGAR; detailed arrangement terms in the Management Information Circular (Sept 8, 2025).

Notable Quotes

(No direct quotes were provided in the release.)