Horizon Copper receives court OK for Royal Gold deal

Mr. Erfan Kazemi reports HORIZON COPPER RECEIVES COURT APPROVAL FOR ARRANGEMENT WITH ROYAL GOLD The Supreme Court of British Columbia has granted the final order in connection with Horizon Copper Corp.'s plan of arrangement with Royal Gold Inc. and International Royalty Corp., a wholly owned Canadian subsidiary of Royal Gold (AcquireCo), whereby Royal Gold will, indirectly through AcquireCo, acquire all of the issued and outstanding Horizon shares (other than those held by Sandstorm Gold Ltd.) and, through Horizon, acquire all of the outstanding Horizon warrants. Pursuant to the arrangement, following completion of the Horizon transaction, Horizon shareholders will receive $2 for each Horizon share held and Horizon warrantholders will receive $2 less the applicable exercise price, per underlying share, for the Horizon warrants held. The completion of the Horizon transaction is anticipated to occur on Oct. 20, 2025, subject to the satisfaction or waiver of remaining customary closing conditions. Following completion of the arrangement, the company expects to delist the Horizon shares from the TSX Venture Exchange. It is anticipated that the company will also apply to the Canadian securities regulators for the company to cease to be a reporting issuer in the applicable jurisdictions. For a more detailed description of the arrangement, including regulatory matters and approvals, please see the company's notice of meeting and management information circular dated Sept. 8, 2025, available under the company's profile on SEDAR+. About Horizon Copper Corp. Horizon Copper is a premier copper company holding a portfolio of unparalleled copper assets, including a 1.66-per-cent net profit interest on the Antamina copper mine, exposure to the Oyu Tolgoi copper mine through a 24-per-cent equity ownership in Entree Resources Ltd. and a 30-per-cent interest in the copper-gold Hod Maden project. We seek Safe Harbor.