Franco-Nevada Corp.

Natural Gas project operated by TG Natural Resources, Others in East Texas & Louisiana, United States. [Identity row — full extraction queued for supplement pass]

Oil project operated by Strathcona Resources Ltd. in Alberta, Canada. [Identity row — full extraction queued for supplement pass]

Franco-Nevada has exposure to the Permian Basin in West Texas, through both the Midland and Delaware sub-basins. The Midland Basin comprises the eastern portion of the broader Permian Basin. The Delaware Basin comprises the western portion of the broader Permian Basin, which is located in West Texas and southeast New Mexico.

Oil and Natural Gas project operated by Continental Resources, Ovintiv Inc., Devon Energy, Marathon Oil, Others in Oklahoma, United States. [Identity row — full extraction queued for supplement pass]

Franco-Nevada 11.71% NRI, 0.44% ORR and 2.56% WI in the Weyburn Unit operated by Whitecap Resources Inc. The Weyburn Unit is located approximately 129 km southeast of Regina, Saskatchewan and encompasses approximately 216 km2 on a gross basis in which the Mississippian Midale beds are unitized.

Franco-Nevada gold and silver stream on the Candelaria open pit and underground copper mine in Chile operated by Lundin Mining. Stream covers 100% of the property (approx 150 km2) plus an area of interest. Expected to deliver 57,500 to 67,500 GEOs in 2026.

Franco-Nevada silver stream on the Antamina open pit copper-zinc mine in Peru. Stream covers Teck's 22.5% interest in the joint venture. Expected to deliver 3.5 to 3.7 million silver ounces in 2026.

Franco-Nevada 50% gold stream on the Palmarejo complex in Mexico operated by Coeur Mining, Inc. Includes mining of the Palmarejo, Guadalupe and Independencia ore bodies. The agreement applies to a land position totaling over 1,200 km2.

Franco-Nevada 50% precious metals stream on the McCreedy West, Levack and Podolsky mines in the Sudbury basin of Ontario operated by Magna Mining Inc. The footwall deposits are primarily rich in palladium followed by platinum and gold.

Franco-Nevada gold stream on the Tocantinzinho open pit gold mine in Brazil operated by G Mining Ventures Corp. Located in the Tapajos region of Pará State. Commercial production achieved in September 2024. Expected to produce 175,000 ounces of gold annually over 10.5 years.

Franco-Nevada gold and silver stream on the Antapaccay open pit copper mine in Peru operated by Glencore. Stream is referenced to the entire Antapaccay concession covering approximately 997 km2. Expected to deliver 30,000 to 40,000 GEOs in 2026.

Franco-Nevada precious metals stream and NSR royalty on Sibanye-Stillwater's Western Limb PGM Mining Operations in South Africa. Includes the Marikana, Rustenburg, and Kroondal operations and a total of 13 underground mines. Provides approximately 15% of global platinum supply.

Franco-Nevada gold and silver stream on the Condestable mine in Peru operated by Southern Peaks Mining LP. The Condestable mine has operated for over 50 years and produces approximately 20,000 tonnes of copper per year. The stream is referenced to Condestable concessions covering approximately 450 km2.

Franco-Nevada 3% NSR royalty over the Greenstone mine in Ontario operated by Equinox Gold Corp. An updated technical report was released in October 2024 outlining a 27,000 tonne per day processing facility and open pit mining operation with production over a 15-year mine life.

The royalty covers the Tasiast main trend, including the Fennec satellite pit and Tasiast Sud. The Tasiast 24k project raised throughput to 24,000 tonnes per day by mid-2023 and is projected to extend the mine life to 2035 including the processing of low-grade stockpiles on the back end of the mine life.

Au project operated by Nevada Gold Mines LLC in Nevada, United States. [Identity row — full extraction queued for supplement pass]

Au project operated by Agnico Eagle Mines Limited in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

The Stillwater complex in Eastern Montana is comprised of the Stillwater mine (West and East) and East Boulder mine. Production began in 1986 at the Stillwater mine and in 2002 at the East Boulder mine. The Q4 2024 restructuring placed the Stillwater West mine on care and maintenance, with production focusing on lower volume, higher margin production from the East Boulder and Stillwater East mines.

Au project operated by Discovery Silver Corp. in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au project operated by Equinox Gold Corp. in California, United States. [Identity row — full extraction queued for supplement pass]

Au project operated by Wiluna Mining Corporation Limited in Australia, Australia. [Identity row — full extraction queued for supplement pass]

Au project operated by SSR Mining Inc. in Nevada, United States. [Identity row — full extraction queued for supplement pass]

Au project operated by Nevada Gold Mines LLC in Nevada, United States. [Identity row — full extraction queued for supplement pass]

The Hemlo gold mine has been in production for over 30 years and is located adjacent to the Trans-Canada Highway near Marathon, Ontario. Barrick is the operator and manages both the open pit, which is currently not operating, and underground operations. In 2024, Barrick continued to advance studies and permitting work for the potential restart of a larger-scale open pit.

Au project operated by Alamos Gold Inc. in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au & Ag project operated by Zenit Madencilik San. ve Tic. A.S. in Türkiye, Türkiye. [Identity row — full extraction queued for supplement pass]

Au project operated by Northern Star Resources Limited in Australia, Australia. [Identity row — full extraction queued for supplement pass]

Au project operated by Pan American Silver Corp. in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Franco-Nevada 2% NSR royalty over the Cerro Moro mine in Santa Cruz province, Argentina operated by Pan American Silver Corp. The royalty covers 160 km2, including a significant portion of the mineral resources contained in high-grade epithermal gold and silver veins.

Franco-Nevada 2% NSR royalty on the Detour Lake open pit gold mine in Ontario operated by Agnico Eagle Mines Limited. Covers an area of 140 km2 of the Abitibi greenstone belt located 185 km northeast of Cochrane.

Au project operated by Regis Resources Ltd. in Australia, Australia. [Identity row — full extraction queued for supplement pass]

Au project operated by Orla Mining Ltd. in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au project operated by Evolution Mining Limited in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au project operated by Newmont Corporation in Ghana, Ghana. [Identity row — full extraction queued for supplement pass]

Au project operated by Northern Star Resources Limited. in Australia, Australia. [Identity row — full extraction queued for supplement pass]

Franco-Nevada 1.8% NSR royalty on the Yanacocha mine and adjacent mineral properties in Peru operated by Newmont Corporation. Royalty covers the producing oxides, the sulfides project, the Conga Cu-Au deposit, and the Quilish oxide gold project.

Au project operated by Agnico Eagle Mines Limited in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au project operated by Perseus Mining Limited in Ghana, Ghana. [Identity row — full extraction queued for supplement pass]

Au project operated by i-80 Gold Corp. in Pinson, United States. [Identity row — full extraction queued for supplement pass]

Agnico Eagle operates the Macassa mine which includes production from the Main Break, ’04 Break, the high-grade South Mine Complex (“SMC”) and the AK deposit. With the commissioning of #4 Shaft in 2023, ore hoisting capacity at the complex has increased to 4,000 tonnes per day. Agnico Eagle now expects to begin processing AK ore at the LZ5 mill in Q4 2025.

Au project operated by Ramelius Resources in Australia, Australia. [Identity row — full extraction queued for supplement pass]

Au project operated by Equinox Gold Corp. in California, United States. [Identity row — full extraction queued for supplement pass]

Au & Ag project operated by Newmont Corporation in British Columbia, Canada. [Identity row — full extraction queued for supplement pass]

Franco-Nevada royalty debentures providing net sales royalties on Vale's Northern and Southeastern Iron Ore Systems and on certain copper and gold operations in Brazil including Sossego. The Northern System is one of the largest mining complexes globally.

PGM project operated by Sibanye Stillwater Limited in South Africa, South Africa. [Identity row — full extraction queued for supplement pass]

Franco-Nevada 1-2% NSR royalty over the Salares Norte deposit in the Atacama region of Northern Chile operated by Gold Fields Limited. Salares Norte is a blind epithermal gold-silver deposit. The 2019 feasibility study supported an 11-year open-pit mine life.

Au project operated by Orla Mining Ltd. in Nevada, United States. [Identity row — full extraction queued for supplement pass]

Franco-Nevada holds a 9.9% equity investment in Labrador Iron Ore Royalty Corporation (LIORC). IOC produces high grade +65% Fe iron ore concentrate for sale and pellets with a reserve-only +20-year mine life and a large mineral resource supporting further extensions. IOC has nominal capacity of 23.3 Mtpa.

Au project operated by Alamos Gold Inc. in Ontario, Canada. [Identity row — full extraction queued for supplement pass]

Au project operated by Fortuna Mining Corp. in Côte d’Ivoire, Côte d'Ivoire. [Identity row — full extraction queued for supplement pass]