Royalty Assets

Royalty Type
Status
Property Primary Commodity Explorer/Developer Royalty Basis
 1 mineral
Chapada Copper Lundin Mining 3.7% of payable copper stream
 1 mineral
Rocanville Potash Nutrien Revenue
 1 mineral
Allan Potash Nutrien Revenue
 1 mineral
Cory Potash Nutrien Revenue
 1 mineral
Patience Lake Potash Nutrien Revenue
 1 mineral
Vanscoy Potash Nutrien Revenue
 1 mineral
Esterhazy Potash Mosaic Revenue
 1 mineral
Voisey's Bay Nickel, Copper, Cobalt Vale 0.3% NVR on all metals produced
 1 mineral
IOC Iron Iron Ore Company of Canada 7% Gross Overriding Royalty ("GOR")
 1 mineral
Grota do Cirilo Lithium Sigma Lithium Resources 1% NSR
 1 mineral
Tres Quebradas (3Q) Lithium Zijin Mining Group Co., Ltd. 1.00% GOR
 1 mineral
Goulamina Lithium Ganfeng Lithium Group Co., Ltd. 1.5% GOR
 1 mineral
Mariana Lithium Project Lithium Ganfeng Lithium 0.5% NSR
 2 mineral
Curipamba Copper Silvercorp Metals Inc. 2% NSR
 2 mineral
Gunnison Copper Gunnison Copper Corp. 1.625% GSR
 2 mineral
Silicon / Arthur Gold Gold Anglo Gold Ashanti NA 0.5% NSR
 2 mineral
Kami Iron Champion Iron Limited 3% GSR
 2 mineral
Finniss Lithium Core Lithium Ltd. 2.5% GOR
 2 mineral
Neves Lithium Atlas Lithium Corporation 3.0% GOR
 2 mineral
Mt. Cattlin Lithium Rio Tinto AU$1.5/t Treated
 2 mineral
Moblan Lithium Elevra Lithium Limited 2.5% GOR on first 1Mt ore processed, 1.5% GOR thereafter
 2 mineral
Horse Creek Lithium Sinova Global 8.0% GOR
 3 mineral
Stellar Copper PolarX Ltd 2% NSR on gold; 1% NSR on copper
 3 mineral
Pine Bay Copper, zinc, gold and silver Visionary Copper and Gold Mines Inc. Option to acquire 0.5% NSR
 3 mineral
Labrador West Iron Ore Iron Ore High Tide Resources Corp. 2.75% GSR on iron ore; 2.75% NSR on all other minerals
 3 mineral
Adina Lithium Winsome Resources/ Li-FT Power Ltd. 4.00% GOR & 2% NSR
 3 mineral
Telkwa Met Coal Bathurst Resources Limited 3% FOB
 3 mineral
Pickett Mountain Zinc, lead, copper, silver Wolfden Resources Corp 1.35% GSR
 4 mineral
Michelin Base Metals Paladin Energy Ltd. 2% NSR on all minerals except uranium
 4 mineral
Kan Base Metals, Gold Midland Exploration Inc. Option to purchase 0.5% NSR for $750,000
 4 mineral
Case Lake Caesium Power Metals Corp. 2% GOR
 4 mineral
Falcon West Caesium Grid Metals Corp. 1% NSR
 4 mineral
Llano de Nogal Copper Orogen Royalties Inc. 1.5% NSR on PM; 1.0% NSR on BM
 4 mineral
Cuale Copper Rockstar Mining S.A. de C.V. 1.5% NSR on PM; 1.0% NSR on BM
 4 mineral
Metastur Cobalt Technology Metals (Asturmet Recursos S.L.) 1.5% NSR
 4 mineral
Copper Range Copper N/A Option to acquire 1% NSR held by a third party
 4 mineral
Adeline Copper Sterling Metals Corp. 1.6% GSR
 4 mineral
Lappvattnet, Rormyrberget Copper, Cobalt, Nickel, PGE Three Crowns Critical Metals Inc. Option to acquire 2.0% GSR
 4 mineral
CMB Copper, Uranium Atha Energy Corp. 2% GSR
 4 mineral
La Coipita Copper, gold AbraSilver Resource Corp. / Teck Resources Limited Option to acquire 1.1% NSR for US $5M
 4 mineral
Alamo Copper, Gold Silver Range Resources Ltd. 1% NSR
 4 mineral
Knaften Copper, Gold Three Crowns Critical Metals Inc. Option to acquire 1.0% GSR
 4 mineral
Mythril Copper, Gold, Lithium Midland Exploration Inc. 1% NSR
 4 mineral
Bentonite Clay type minerals including Bentonite Western Clay Corp. $1 - $2 per tonne sliding scale royalty
 4 mineral
Cape Ray Gold AuMEGA Metals Ltd. 2% NSR
 4 mineral
Celts Gold Eminent Gold Corp. 1.5% NSR
 4 mineral
Cuprite Gold Strikepoint Gold Inc. 1.5% NSR
 4 mineral
Donaldson Gold Eminent Gold Corp. 0.75% NSR
 4 mineral
Elrond, Helm’s Deep, Fangorn Gold Midland Exploration Inc. 1% NSR
 4 mineral
Firenze Gold Altitude Minerals Nevada LLC 1.5% NSR
 4 mineral
Gibson Gold Canex Metals Inc. Option to acquire a 1.5% NSR
 4 mineral
Golden Baie Gold Canstar Resources Inc. / Churchill Resources Inc. 2% NSR
 4 mineral
Golden Rose Gold Eldorado Gold Corp. / Tru Precious Metals Corp. 2% NSR
 4 mineral
Hermitage Gold Canstar Resources Inc. 2% NSR
 4 mineral
Moosehead Gold Pirate Gold Corp. 2% NSR
 4 mineral
Table Mountain Gold TooGood Gold Corp. 1.5% NSR
 4 mineral
White Bay Gold Churchill Resources Inc. 1.6% GSR
 4 mineral
Viking Gold Magna Terra Minerals Inc. 2% NSR, plus 1-1.5% royalties on surrounding lands
 4 mineral
Wilding Lake, Crystal Lake Gold Canterra Minerals Corp. 2% NSR
 4 mineral
Iron Horse Iron Pirate Gold Corp. 1% GSR; option to acquire additional 1.1% GSR
 4 mineral
Adina East Lithium Pinnacle Minerals Limited 2% GOR
 4 mineral
Basin E&W/ Wikieup Lithium Bradda Head Lithium Ltd. 2% GOR
 4 mineral
Campus Creek Lithium Grid Metals Corp. 2% GOR
 4 mineral
Cancet Lithium Winsome Resources Limited 4% GOR & 1% NSR
 4 mineral
Donner Lake Lithium Grid Metals Corp. 2% GOR
 4 mineral
Eyre Lithium Larvotto Resources Limited 1% GOR
 4 mineral
Galaxy Lithium Rio Tinto Ltd. 1% NSR
 4 mineral
Kaustinen/Ilmajoki Lithium Arvo Lithium Ltd. 1.25% GOR
 4 mineral
Lithium Springs Lithium Lithium Springs Limited 1.5% GOR
 4 mineral
Mallina Lithium Morella Corporation Limited 1.5% GOR
 4 mineral
Mia Lithium Lithium Q2 Metals Corp. 1% NSR
 4 mineral
Mt Edon Lithium Morella Corporation Limited 1.25% GOR
 4 mineral
Root Lake Lithium Green Technology Metals Limited 1% GOR
 4 mineral
Seymour Lake Lithium Green Technology Metals Limited 1% GOR
 4 mineral
Shatford Lake/Cat-Euclid Lake Lithium ACME Lithium Inc. 2% GOR
 4 mineral
Sirmac-Clapier Lithium Winsome Resources Limited 4% GOR
 4 mineral
Tabba Tabba Lithium Morella Corporation Limited 1.25% GOR
 4 mineral
Tansim Lithium Elevra Lithium Limited 2% NSR
 4 mineral
Valjevo Lithium Palkovsky Group Ltd. Various
 4 mineral
Whitebushes/Mt. Elephant Lithium M4E Lithium Ltda. 1.5% GOR
 4 mineral
Wisa Lake Lithium Green Technology Metals Limited 1% GOR
 4 mineral
Yinnetharra Lithium Delta Lithium Ltd 1% GOR
 4 mineral
Zeus Lithium Noram Lithium Corp. 1% GOR
 4 mineral
Florence Lake Nickel Churchill Resources Inc. 1.6% GSR
 4 mineral
Moria Nickel Midland Exploration Inc. / Rio Tinto Exploration 1% NSR
 4 mineral
Taylor Brook Nickel Churchill Resources Inc. 1.6% GSR
 4 mineral
Voyageur Nickel Perseverance Metals (US) Inc. 2% NSR
 4 mineral
Odessa Potash Buffalo Potash Corp. 0.16% GOR
 4 mineral
Sail Pond Silver, Copper Golden Goose Discovery Corp. 2% NSR
 4 mineral
Fox Tungsten Fox Tungsten Ltd. 1.25% NSR
 4 mineral
Notakwanon Uranium Atha Energy Corp. 2% GSR
 4 mineral
Gilpas Projects Copper, Gold, Uranium Gilpas Resources Ltd. 0.5% GSR uranium, 0.5% NSR other (option to acquire 1% NSR on metals, 1% GSR on uranium)
 4 mineral
Buchans Zinc Canstar Resources Inc. 2% NSR
 4 mineral
Lismore Zinc BMEx Ltd. 2% NSR
 4 mineral
Midlands Zinc BMEx Ltd. 1% GSR
 4 mineral
Shire Zinc, Lithium Midland Exploration Inc. / Rio Tinto Exploration 1% NSR
 4 mineral
Sulieman Zinc Rio Tinto Exploration Pty Limited 1% NSR for first 10 years of production
 4 mineral
Roebucks Copper, Lead, Zinc, Gold, Silver VMS Mining Corporation 2.5% NSR
 1 electricity
Hansford County (SPP) Wind (658 MW) Undisclosed Fixed per MWh
 1 electricity
Young Wind (ERCOT) Wind (500 MW) NextEra Energy Resources 2.5% of revenue
 1 electricity
Canyon Wind (ERCOT) Wind (308 MW) NextEra Energy Resources 2.4% of revenue1
 1 electricity
Jayhawk (SPP) Wind (195 MW) WEC Energy / Invenergy 2.5% of revenue
 1 electricity
Appaloosa (ERCOT) Wind (175 MW) NextEra Energy Resources 1.5% of revenue
 1 electricity
Old Settler3 (ERCOT) Wind (151 MW) Northleaf Capital Variable2
 1 electricity
Cotton Plains3 (ERCOT) Wind (50 MW) Northleaf Capital Variable2
 1 electricity
El Sauz (ERCOT) Wind (302 MW) JERA Renewables 2.5% of revenue
 1 electricity
Lotus Wind (MISO) Wind (203 MW) Apex Variable2
 1 electricity
Prospero 2 (ERCOT) Solar (250 MW) Longroad Energy Variable2
 1 electricity
Angelo Solar (ERCOT) Solar (195 MW) Apex Energy Variable2
 1 electricity
Titan Solar (CAISO) Solar (70 MW) Longroad Energy Variable2
 1 electricity
Titan Solar (TE Tail) (CAISO) Solar (nil5) Longroad Energy 1% of revenue4
 1 electricity
Sequoia I (ERCOT) Solar (400 MW) Enbridge 1.5% of revenue
 1 electricity
Phantom3 (DOD) Solar (15 MW) Northleaf Capital Variable2
 1 electricity
Clyde River (ISO New England) Hydro (5 MW) Relevate Power 10% of revenue
 2 electricity
Blackford Wind (PJM) Wind (200 MW) Leeward 3% of revenue
 2 electricity
Blackford Solar (PJM) Solar (150 MW) Leeward 1.5% of revenue
 2 electricity
Sequoia II (ERCOT) Solar (350 MW) Enbridge 1.5% of revenue
 2 electricity
Panther Grove I (PJM) Wind (423 MW) Copenhagen Infrastructure Partner 3% of revenue
 2 electricity
Coles Wind (MISO) Wind (311 MW) Apex Variable2
 2 electricity
Easter I & II (SPP) Wind (152 MW) Enbridge6 3% of Revenue
 2 electricity
Woodridge Solar (PJM) Wind (138 MW) Hanwha 2.5% of revenue9
 2 electricity
Laurel Wind (ERCOT) Wind (312 MW) TotalEnergies 1% of revenue
 2 electricity
Crossroads Wind (ERCOT) Wind (281 MW) Zelestra 1% of revenue
 2 electricity
DG Solar Projects (7) (MISO/ISONE) Solar (21 MW) BEV / Onyx 3% of revenue
 4 electricity
Vermillion Grove (PJM) Wind (255 MW) Enbridge6 3% of Revenue
 4 electricity
Panther Grove II (PJM) Wind (468 MW) Copenhagen Infrastructure Partners 3% of revenue
 4 electricity
Leaf River Wind (PJM) Wind (150 MW) Enbridge6 3% of revenue
 4 electricity
Hardy Wind (WECC) Wind (300 MW) Enbridge6 3% of Revenue
 4 electricity
Cone/Crosby III (SPP) Wind (300 MW) Enbridge6 3% of Revenue
 4 electricity
Water Valley Wind (ERCOT) Wind (180 MW) Enbridge6 3% of Revenue
 4 electricity
Hoosier Line7 (PJM) Solar (180 MW) Leeward 3% of revenue
 4 electricity
Honey Creek (PJM) Solar (200 MW) Leeward 1.5% of revenue
 4 electricity
Vermillion Solar (PJM) Solar (150 MW) Enbridge6 1.5% of Revenue
 4 electricity
Vermillion Solar II (PJM) Solar (200 MW) Enbridge6 1.5% of Revenue
 4 electricity
Flatland Solar (ERCOT) Solar (180 MW) TBA 1.5% of revenue equiv8
 4 electricity
3 Early Stage TGE Projects (WECC) Solar (973 MW) Enbridge6 1.5% of Revenue

Note: Sum of wind and solar early-stage development projects related to Enbridge acquisition is 15 compared to 17 referenced in the Material Change Report filed Oct 5 2022 (see SEDAR) because of two multi-phase projects.

1 Canyon sliding scale royalty between 2-3%, see ARR press release 06/29/2022

2 Royalties with variable rates adjust under certain conditions, guaranteeing a minimum return threshold under certain timelines, after which a lower royalty percentage is applied

3 While Old Settler Wind Project, Cotton Plains Wind Project, and Phantom Solar Project are three separate projects, GBR's investment was under one agreement, which includes the three projects as a single portfolio

4 The greater of 1% of revenue or US$57,000 per quarter

5 Included in MW output of Titan Solar

6 Developer TGE was acquired by Enbridge, see ARR press release on 09/29/2022

7 Facility size may be completed in phases

8 Flatland fixed payments equivalent to 1.5%, see ARR press release 06/29/2022

9 See ARR press release on 6/21/2023