Horizon Copper Receives Court Approval for Arrangement with Royal Gold

Executive Summary

• The Supreme Court of British Columbia approved Horizon Copper’s plan of arrangement with Royal Gold and its subsidiary AcquireCo, enabling Royal Gold to acquire all Horizon shares (except those held by Sandstorm) and for Horizon to acquire all outstanding Horizon warrants.
• Shareholders will receive C$2.00 per share; warrant holders will receive C$2.00 less the exercise price per underlying share.
• Completion is expected on October 20, 2025, after which Horizon plans to delist from the TSX Venture Exchange and cease reporting as a public issuer.

Key Details

• Court Approval: Final order granted by the Supreme Court of British Columbia for the Arrangement.
• Transaction Structure:
• Royal Gold (via AcquireCo) will acquire 100% of Horizon’s issued and outstanding shares, excluding Sandstorm Gold Ltd.’s holdings.
• Horizon will acquire all outstanding Horizon warrants.
• Consideration to Shareholders: C$2.00 cash per Horizon share held.
• Consideration to Warrant Holders: C$2.00 less the applicable exercise price per underlying share for each warrant.
• Closing Timeline: Anticipated completion on October 20, 2025, subject to customary closing conditions and any required waivers.
• Post‑Completion Actions:
• Horizon expects to delist its shares from the TSX Venture Exchange.
• The company will apply to Canadian securities regulators to cease being a reporting issuer in applicable jurisdictions.
• Related Documents: Notice of Meeting and Management Information Circular dated September 8, 2025 available on SEDAR+.

Notable Quotes

(No direct quotes were provided in the release.)