METALLA ROYALTY & STREAMING | September 2024 | 7 TheSteady Accretive Growth METALLA HAS OUTPACED ALL OF ITS PEERS ON NET ASSET VALUE PER SHARE (NAVPS) GROWTH 120% MTA FNV SSL RGLD OR WPM 100% In 5 years, Metalla has nearly doubled its 80% NAVPS. 60% 40% 20% 0% 9 9 0 0 0 0 1 1 1 1 2 2 2 2 3 3 3 3 4 4 4 1- v-1 -2 y-2 -2 v-2 -2 y-2 -2 v-2 -2 y-2 -2 v-2 -2 y-2 -2 v-2 -2 y-2 -2 gu o eb a ug o eb ug o eb a ug o eb a ug o eb a ug A N F M A N F Ma A N F M A N F M A N F M A