Corporate Presentation

METALLMAE RTAOLYLAAL TRYO &Y ASLTTRYE &A MSITNRGE A |M IDNeGc e|m bJ ue nr e2 022042 4 | | 11 NYSE & TSXV: MTA METALLAROYALTY.COM

METALLA ROYALTY & STREAMING | December 2024 | 2 Forward Looking Statements This presentation contains certain "forward looking statements" and certain "forward-looking information" as defined under subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metallato control or applicable Canadian and U.S. securities laws. Forward-looking statements and information can generally be identified by the predict, that may cause Metalla'sactual results, performance or achievements to be materially different from those expressed use of forward-looking terminology such as "may", "will", "should", "expect", "intend", "estimate", "anticipate", "believe", or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, "continue", "plans" or similar terminology. The forward-looking information contained herein is provided for the purpose of including but not limited to: the absence of control over mining operations from which Metallawill purchase precious metals assisting readers in understanding management's current expectations and plans relating to the future. Readers are or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related cautioned that such information may not be appropriate for other purposes. to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters Forward looking statements in this presentation include, but are not limited to: the anticipated near-term free cash flow as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including growth; ability to increase shareholder value and continue to build asset base, including through robust pipeline; consensus commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or net asset value of assets; growth of GEO production to over 30,000 oz annually; the three years strategic objectives of Metalla; the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties the expected production and production potential at the projects in which Metallaholds a royalty interest, including in which Metallaholds a royalty, stream or other interest are located or through which they are held; risks related to the estimated annual GEO production; the expected commencement of production at Côtémine and the timing thereof; timing operators of the properties in which Metallaholds a royalty or stream or other interest, including changes in the ownership for updated mineral resource estimate at Gosselin; the expected commencement of commercial production at and control of such operators; risks related to global pandemics, including the current novel coronavirus (COVID-19) global Tocantinzinhoand the timing thereof; the start of Phase 2 at Castle Mountain and the potential expansion thereof; the mine health pandemic, and the spread of other viruses or pathogens; influence of macroeconomic developments; business life expectancy at Taca Taca; the final approval of the Environmental and Social Impact Assessment for Taca Taca and the opportunities that become available to, or are pursued by Metalla; reduced access to debt and equity capital; litigation; title, timing thereof; the making of a development decision for TacaTacaby First Quantum and the expected timing thereof; the permit or license disputes related to interests on any of the properties in which Metalla holds a royalty, stream or other two-phased mine plan for Copper World; the receipt of outstanding operating state permits for Phase I at the Copper World interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; Complex and the expected timing thereof; the mine life expectancy at Wharf; drilling at Aranzazu; the completion of a dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and risks feasibility study by Los Andes at Vizcachitas and the timing thereof; the anticipating timing of commencement of relating to Metalla potentially being a passive foreign investment company within the meaning of U.S. federal tax laws; and commercial production at Vizcachitas; the restart plan at Endeavor, including timing thereof; the mine life expectancy at the other risks and uncertainties disclosed under the heading

METALLA ROYALTY & STREAMING | December 2024 | 3 About Metalla is an emerging mid-tier royalty and streaming company that holds 101 assets offering investors leveraged exposure to gold, silver, and copper. Our focus is to increase shareholder value through prudent allocation of capital and building an asset base with exposure tothemostprovengeologicaltrends,bestinclassoperators,andsafest jurisdictions.

METALLA ROYALTY & STREAMING | December 2024 | 4 TheKey Points ROYALTY COMPANY DELIVERING INDUSTRY LEADING GROWTH An Emerging Intermediate ConsistentAcquisitions Exposure Royalty And Streaming Company At Accretive Valuations Drives To Key Inflationary Metals Gold, With over 100 Royalties And Outperformance Silver AndCopper Streams Including Several CornerstoneAssets Experienced Management Industry-Leading Best In Class Jurisdictional Risk Profile Team with Proven, Relevant and Growth With One Of The Most GlobalTrackRecord RobustPipelines In Established Mining Regions Across North America, South America,AndAustralia

METALLA ROYALTY & STREAMING | December 2024 | 5 TheTrack $18 Centro Gold Tocantinzinho 32 Record GDXJ $16 Transactions Côté / Gosselin Mine $14 Fosterville Acquires royalty portfolio from 101 $12 Royalties / Streams Acquired Wharf Mine $10 Lama Fifteen Mile Stream $309M $8 Capital Deployed (USD) Portfolio from Higginsville Garrison Genesis Castle $6 Acquires portfolio from Mountain Metalla is formed $4 Acquires second $564M Cortez Trend royalty portfolio from Acquires royalty Consensus NAV (USD) portfolio from Merges with Nova Royalty $2 Acquires Timmins royalties Santa Gertrudis $0 Sep 16 Mar 17 Sep 17 Mar 18 Sep 18 Mar 19 Sep 19 Mar 20 Sep 20 Mar 21 Sep 21 Mar 22 Sep 22 Mar 23 Sep 23 Mar 24 Sep 24 SOURCE: Equity research reports on MTA by: BMO Capital Markets, PI Financial and Haywood Securities

METALLA ROYALTY & STREAMING | December 2024 | 6 The Track Record COMBINATION OF CASH FLOW AND ACCRETION AT THE ASSET-LEVEL DRIVES STRONG NAVPS GROWTH Higginsville Alamos Portfolio Investment $6.5 $8.6 Cash Flow Consensus NAV $8.5 $8.5 $3.0 $40.9 $43.9 Wharf Cote & Gosselin Castle Mountain $5.8 $6.1 $15.0 $5.6 $10.1 $15.7 $51.6 $51.6 $38.7 $38.7 Coeur Portfolio Nova Portfolio Genesis / Cortez $13.0 $125.8 $4.1 $16.7 $21.7 $38.3 $1.0 $242.2 $243.2 $5.9 $17.2 $23.1 All amounts in United States Dollars

METALLA ROYALTY & STREAMING | December 2024 | 7 TheSteady Accretive Growth METALLA HAS OUTPACED MOST 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 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 v-2 gu o eb a ug o eb a ug o eb a ug o eb a ug o eb a ug o A N F M A N F M A N F M A N F M A N F M A N

METALLA ROYALTY & STREAMING | December 2024 | 8 Actively Expanding Pipeline 101 85 62 70 46 17 23 5 2016 2017 2018 2019 2020 2021 2022 2023 Metalla has consistently grown its portfolio since inception to over 100 royalties and streams.

METALLA ROYALTY & STREAMING | December 2024 | 9 Large Scale High Quality Assets Run by Industry-Leading Operators TOP 10 ASSETS AVERAGE MINE LIFE (YEARS) 20 17 16 16 13 11 Metalla Sandstorm Triple Flag Osisko Gold Royalties Gold Royalty Elemental # OF TOP 10 ASSETS WITH $1B+ OPERATOR 8 8 5 4 3 2 Metalla Sandstorm Triple Flag Osisko Gold Royalties Gold Royalty Elemental

METALLA ROYALTY & STREAMING | December 2024 | 10 Industry Leading Growth OUR PARTNERS Over 80% of Metalla’sexpected three-year GEO growth is significantly de-risked, coming from assets that are either operating, in-construction, and/or permitted ~8,000 ~6,500 ~4,000 Asset Restart / In-Construction ~3,000 Producing Assets 2024 2025 2026 2027 GEO forecasts based on management forecasts and counterparty guidance

METALLA ROYALTY & STREAMING | December 2024 | 11 KeyAssets CÔTÉ & GOSSELIN TOCANTINZINHO Ontario, Canada Para State, Brazil Metal Exposure: Gold Metal Exposure: Gold 1.35% NSR – Pre-production 0.75% GVR -Production Côté estimated average annual GEO production ~ 400 Estimated average annual GEO production ~ 1,300 Gosselin estimated average annual GEO production Ramping up to commercial production with estimated available in year 2025 production of 175Koz per annum over ten and half years at a $623/Oz cash cost. Estimated 495Koz Au per year for the first six years, expansion potential with inclusion of 7.4 Moz Gosselin Full funded project with over 2 Moz of gold in measured & deposit indicated categories. Royalty covers over 28,000Ha on an underexplored land (2) Potential to become Canada’s third-largest gold mine. package in a known gold district. Fully-permitted and ramping up production.(1)

METALLA ROYALTY & STREAMING | December 2024 | 12 KeyAssets CASTLE MOUNTAIN MINE TACA TACA San Bernardino, California Salta, Argentina Metal Exposure: Gold Metal Exposure: Copper, Gold, Molybdenum 5.0% NSR –Development (Phase 2) 0.42% NSR –Development –32 years Estimated average annual GEO production ~ 5,000 Estimated average annual GEO production ~ 4,900 Covers South Dome pit that currently hosts a 1.1Moz 2P One of the largest undeveloped copper deposits in the Reserve which is the higher-grade section of the mining Americas, with potential to reach annual recovered copper complex production of 227Kt per year for the first six years Currently operating in phase 1, Castle is anticipated to enter Production decision expected in 2024, initial Environmental an expansion in phase 2 expansion with potential to make and Social Impact Assessment for the project was submitted it one of the top ten gold mine in the USA which includes in 2019 with final approval expected in 2024(4) South Domes.(3)

METALLA ROYALTY & STREAMING | December 2024 | 13 KeyAssets COPPER WORLD WHARF Arizona, USA Lead, South Dakota Metal Exposure: Copper, Gold, Silver, Molybdenum Metal Exposure: Gold 0.315% NSR - Development 1% GVR -Producing Estimated average annual GEO production ~ 1,500 Estimated average annual GEO production ~ 900 Long-life cathode production of up to ~92Kt per annum over Stable cash flow from a tier one operator in the first ten years 2024 production expected to be 86 – 96 Koz gold. Over Recent PFS outlined a two-phased mine plan with positive 1.2Moz currently defined excluding inferred resources(6) economics. Hudbayexpects to receive the two outstanding (5) permits in 2024

METALLA ROYALTY & STREAMING | December 2024 | 14 KeyAssets ARANZAZU VIZCACHITAS Zacatecas, Mexico Central Chile Metal Exposure: Copper, Gold, Silver Metal Exposure: Copper, Silver, Molybdenum 1% NSR - Producing 0.98% NSR - Development Estimated average annual GEO production ~ 1,100 Estimated average annual GEO production ~ 4,600 Steady producer with history of strong cash margins with 94 Recent PFS outlined robust economics with an annual – 108 GEOs guided for 2024 copper production of 183Kt for the first eight years Increased 2P by 53% net of depletion since restarting in Located in the Chilean copper belt, surrounded by multiple 2018. Currently undergoing a 29,400m program in 2024 on world-class operations. Feasibility Study expected in 2024 the property(7) and potential commencement of production in 2030.(8)

METALLA ROYALTY & STREAMING | December 2024 | 15 KeyAssets ENDEAVOR WASAMAC MINE Cobar, Australia Rouyn-Noranda, Quebec Metal Exposure: Zinc, Silver, Lead Metal Exposure: Gold 4% NSR -Development 1.5% NSR - Development Estimated average annual GEO production ~ 1,800 Estimated average annual GEO production ~ 3,000 Past-producing major underground mine with excellent 2P mineral reserves – 2.17 Moz Au at 2.51 g/t Au infrastructure and modest restart capital requirements with Measured and indicated mineral resources - 340 Koz Au H1-2025 target Inferred mineral resources - 455 Koz Au Recent restart plan projects a ten year mine life producing Underground bulk mining operation with potential 10.6Moz Ag, 260Kt Zn and 90Kt Pb.(9) production of up to 200Koz Au/year. Studies are ongoing for ore to be processed at Agnico Eagle’s Canadian Malartic (10) Mill.

MMEETTAALLLMLAAE RT RAOOLYLYAAAL LTRTYOY Y&&A SLSTTTRYRE E&AA MSMITINRNGEG A |M| I DNDeGec cee|m m bJbueenr r e2 2 020202424 4 | || 161616 Portfolio is highly 7 Production Assets concentrated in the Americas 29 Development Assets Our strong foundation of current and future cash generating asset base, combined with an experienced team gives Metallaa clear path to becoming one of the leading gold and silver companies for the next 11 commodities cycle. Advanced Exploration Metallahas employed a unique strategy in acquiring Assets royalties and streams offering sellers a combination of Metallastock and cash. 54 Exploration Assets

MM EE TT AA LL LL AA RR OO YY AA LL TT YY && SS TT RR EE AA MM II NN GG || DD ee cc ee mm bb ee rr 22 00 22 44 | | 1717 TheValue Proposition 2.8X 8.50 8.00 2.3X Metalla’sconsensus 7.50 NAV per share has 7.00 grown at a CAGR of 1.8X Trading at Historic 6.50 over 16% since P/NAV Valuation coverage was Gap 6.00 1.3X launched. 5.50 0.8X 5.00 4.50 0.3X 19 19 19 19 19 0 0 0 0 0 0 0 0 0 0 0 0 21 21 21 21 21 21 21 21 21 21 21 21 22 22 22 22 22 22 22 22 22 22 22 22 23 23 23 23 23 23 23 23 23 23 23 23 4 4 4 4 4 4 4 4 24 24 4 4.00 ug pe t ov ec an 2eb 2 ar 2pr 2ay 2 un 2Jul 2ug 2ep 2ct 2ov 2 ec 2Jan eb ar Apr ay un Jul ug ep Oct ov ec an eb ar pr ay un Jul ug ep ct ov ec an eb ar pr ay un Jul ug ep ct ov ec an 2eb 2ar 2pr 2 ay 2un 2Jul 2ug 2ep ct ov 2 A S Oc N D J F M A M J A S O N D F M M J A S N D J F M A M J A S O N D J F M A M J A S O N D J F M A M J A S O N P/NAV(LHS) NAVPS (RHS) Source: SNL, street research adjusted for updated cap structure

METALLMAE RTAOLYLAAL TRYO Y&A SLTTRYE &A MS ITNRGE A |M IDNeGc e|m bJ ue nr e2 022042 4 | | 1818 The Case for Emerging Mid-Tier Disciplined Royalty and Management Investment Streaming Company Experienced management team with a track Metalla’s portfolio has over 100 royalties and record of over 12 years of value accretive transactions streams with several cornerstone assets includingCôté-GosselinandTacaTaca Peer-Leading Best In Class Growth Jurisdictional Risk Metalla projected gold equivalent ounce Profile (

METALLA ROYALTY & STREAMING | December 2024 | 19 CONTACT US 6 0 4 . 6 9 6 . 0 7 4 1 I [email protected] Suite 501 – 543 Granville Street Vancouver, BC Canada V6C 1X8

METALLA ROYALTY & STREAMING | December 2024 | 20 TheCapital Structure ANALYST COVERAGE 91.86 1.07 1.0 94.4 $289M ~$10.2M $13.1M $21.9M $7.52 Basic Shares ITM Fully Market Cap @ Cash Convertible Facility Average Analyst Target US$3.07/share, Outstanding RSU’s Options Diluted Debt Available November 29, 2024 SUPPORTIVE SHAREHOLDERS EXCHANGE TRADED FUNDS

METALLMAE RTAOLYLAAL TRYO Y&A SLTTRYE &A MS ITNRGE A |M IDNeGc e|m bJ ue nr e2 022042 4 | | 2121 The Leadership Team EXPERIENCED BOARD WITH A TRACK RECORD OF SUCCESS Brett Heath CEO & Jason Cho President Saurabh Handa CFO Sunny Sara VP Jonah Townsend Director Acquisitions Director of Finance Founder of Metalla–a metals and mining Accomplished mining executive with 25+ Chartered Professional Accountant Metals and mining industry professional CPA with significant experience in industry professional with 10 years of years experience in engineering, finance, with more than 15 years of financial with more than 5 years experience as an metals and mining having previously dedicated royalty and streaming portfolio management and corporate accounting and auditing Economic Geology Research Analyst & worked at KPMG Canada’s mining experience. development focused in mining.. experience in the mining industry. gold prospector. practice with both Canadian and US listed public companies. Lawrence Roulston Non- Alex Molyneux Non- Mandy Johnston Non- James Beeby Non- Chris Beer Non- Executive Chairman Executive Director Executive Director Executive Director Executive Director Mining professional and geologist with 35+ years experience in mining finance over 35 years of diverse hands-on Mining professional with 20+ years CPA with 15+ years experience, Corporate lawyer with 20 years’ executive experience. Holds several formerly served as the VP Finance for experience advising clients on corporate and exploration, including 24 years as experience. executive and board positions. Osisko Mining. finance and M&A. MD & Senior PM at RBC Global Asset Management.

METALLA ROYALTY & STREAMING | December 2024 | 22 Our Assets NO PROPERTY OPERATOR LOCATION METAL T ERMS PROPERTY OPERATOR LOCATION METAL T ERMS ICT Aranzazu Aura Minerals Zacatecas, Mexico Cu, Au, Ag 1% NSR Bancroft Transition Metals Ontario, Canada Au 1.0% NSR U El Realito Agnico Eagle Sonora, Mexico Ag, Au 2.0% NSR (subject to a 1% buyback) Beaudoin ExplorResources Timmins, Ontario Au, Ag 0.4% NSR D La Encantada First Majestic Silver Coahuila, Mexico Ag, Au 100% Gold GVR Big Island Voyageur Flin Flon, Manitoba Au 2.0% NSR O New Luika Shanta Gold Tanzania Au Stream on 15% of Ag Bint Property Glencore Timmins, Ontario Au 2.0% NSR RP Tocantinzinho G Mining Para, Brazil Au 0.75% NSR Royalty Biricu Minaurum Gold Guerrero, Mexico Au, Ag 2.0% NSR + $10/oz Ag Wharf Mine Coeur Mining South Dakota, USA Au 1.0% NSR Royalty Boulevard Independence Gold Yukon Au 1.0% NSR AkasabaWest Agnico Eagle Val d'Or, Quebec Au, Cu 2.0% NSR, payable after 210 Koz Au Caldera Metalla Nye County, NV Au 1.0% NSR Camflo Agnico Eagle Val d'Or, Quebec Au 1.0% NSR Amalgamated Kirkland Agnico Eagle Kirkland Lake, Ontario Au 0.45% NSR Capricho Pucara Peru Au, Ag 1.0% NSR Anglo / Zeke Nevada Gold Mines Nevada, USA Au 0.5% GOR Colbert/Anglo Newmont Timmins, Ontario Au 2.0% NSR Carlin East Ridgeline Minerals Elko, NV Au 1.0-2.0% NSR Copper King Pacific Empire BC, Canada Cu 1.0% NSR Castle Mountain Equinox Gold California, USA Au 5% NSR (South Dome) COSE Mine Pan American Silver Santa Cruz, Argentina Ag, Au 1.5% NSR Royalty CentroGold BHP Maranhão, Brazil Au 1-2% NSR Royalty DeSantis Mine Canadian Gold Miner Timmins, Ontario Au 1.5% NSR Copper World Hudbay Arizona, USA Cu, Mo, Ag 0.32% NSR Detour DNA Agnico Eagle Cochrane, Canada Au 2.0% NSR Dundonald Transition Metals Canada Cu, Ni 1.25% NSR Côté/ Gosselin IAMGOLD Gogama, Ontario Au 1.35% NSR Edwards Mine Alamos Gold Wawa, Ontario Au 1.25% NSR Dumont Nion Nickel Quebec, Canada Ni 2.0% NSR (subject to a 1% buyback) Elephant Head Transition Metals Canada Au 1.0% NSR Endeavor Mine Polymetals NSW Australia Zn, Pb, Ag 4.0% NSR Fenn-Gibb South Mayfair Gold Timmins, Ontario Au 1.4% NSR Esperanza Zacatecas Silver Morelos, Mexico Ag 20% Ag Stream, capped at 500 Koz of Ag Fortuity 89 Metalla Nevada, USA Au 1.5% NSR T Fifteen Mile Stream St Barbara Halifax, Nova Scotia Au 1.0% NSR Royalty N Golden Brew Highway 50 Gold Nevada, USA Au 0.5% NSR Royalty N FMS Plenty St. Barbara Halfiax, Nova Scotia Au 3.0% NSR Royalty O Golden Dome Warriedar Resources Nevada, USA Au 2.0% NSR Royalty E Fosterville Agnico Eagle Victoria, Australia Au 2.5% GVR TI Goodfish Kirana Kirkland Lake Discoveries Kirkland Lake, Ontario Au 1.0% NSR MP Garrison Mine STLLR Gold Kirkland Lake, Ontario Au 2.0% NSR Royalty A Green Springs Orla Mining White Pine, NV Au 1.0-2.0% NSR O R Homathko Transition Metals Canada Au 1.0% NSR L Hoyle Pond Ext. Newmont Timmins, Ontario Au 2.0% NSR, subject to 500 Koz exemption O Island Mountain Tuvera Elko, NV Au 1.0% - 2.0% NSR E Josemaria Lundin Mining Argentina Cu, Au, Ag 0.08325% NPI L Janice Lake Forum Energy Canada Cu, Ag 1.0% NSR VE La Fortuna Minera Alamos Durango, Mexico Au, Ag, Cu 3.5% NSR (2.5% capped at US$4.5M) P Jersey Valley Abacus Mining Pershing, NV Au 1.0% NSR D Joaquin Mine Pan American Silver Santa Cruz, Argentina Ag, Au 2.0% NSR Royalty EX Kings Canyon Pine Cliff Millard, UT Au 1.0% - 2.0% NSR La Guitarra Sierra Madre Mexico State, Mexico Ag, Au 2% NSR Kirkland-Hudson Agnico Eagle Kirkland Lake, Ontario Au 2.0% NSR La Parilla Silver Storm Durango, Mexico Ag, Pb 2% NSR La Luz First Majestic San Luis Potosi, Mexico Ag 2.0% NSR Los Patos Private Venezuela Au 1.5% NSR Lama Barrick Gold San Juan, Argentina Au, Ag, Cu 2.5-3.75% GVR Au, Ag, 0.25-3.0% NSR Cu Maude Lake Transition Metals Canada Ni, Cu 1.0% NSR NuevaUnion Teck Resources / Newmont Atacama, Chile Au 2.0% NSR Mirado Mine Orefinders Kirkland Lake, Ontario Au 1.0% NSR + Option Pine Valley Nevada Gold Mines Nevada, USA Au 3.0% NSR Royalty (subject to a 1.5% buyback) Montclerg IEP Timmins, Ontario Au 1.0% NSR Red Hill NuLegacyGold Nevada, USA Au 1.5% GOR North AK Agnico Eagle Kirkland Lake, Ontario Au 0.45% NSR Santa Gertrudis Agnico Eagle Sonora, Mexico Au, Ag 2.0% NSR Royalty (subject to a 1.0% buyback) Northshore West NewpathResources Ontario Au 2.0% NSR TacaTaca First Quantum Argentina Cu, Mo, Ag 0.42% NSR Nub East Pacific Empire Canada Cu, Au 1.0% NSR Timmins West Ext. Pan American Silver Timmins, Ontario Au 1.5% NSR (subject to a 0.75% buyback) NWT Pacific Empire Canada Cu 1.0% NSR TVZ Zone Newmont Timmins, Ontario Au 2.0% NSR Orion Minera Frisco Nayarit, Mexico Au, Ag 2.75% NSR Pelangio Poirier Pelangio Exp. Timmins, Ontario Au 1.0% NSR Vizcachitas Los Andes Chile Cu, Mo, Ag 0.98% NSR Pinnacle Pacific Empire Canada Cu, Au 1.0% NSR Wasamac Agnico Eagle Val d'Or, Quebec Au 1.5% NSR (subject to a 0.5% buyback) Pucarana Buenaventura Peru Au, Ag 1.8% NSR Option Aureus East Aurelius Minerals Halifax, Nova Scotia Au 1.0% NSR Puchildiza Metalla Chile Au 1.5% NSR N Big Springs / Golden Dome AnovaMetals Elko, NV Au 2% NSR Ronda Platinex Timmins, Ontario Au 2.0% NSR D IO Del Toro First Majestic Silver Zacatecas Ag, Au 2% NSR Santo Tomas Pucara Peru Au 1.0% NSR E T La Joya Silver Dollar Durango, Mexico Ag, Au 2% NSR Saturday Night Transition Metals Canada Ni, Cu 1.0% NSR C A Lac Pelletier Maritime Resources Quebec, Canada Au 1% NSR Sirola Grenfell Pelangio Exp. Kirkland Lake, Ontario Au 0.25% NSR N R Plomosas GR Silver Sinaloa, Mexico Ag, Au 2.0% NSR (subject to a 1% buyback) Solomon's Pillar Sage Gold Greenstone, Ontario Au 1.0% NSR AVLO San Luis Highlander Silver Peru Ag, Au 1.0% NSR Tower Mountain Thunder Gold Thunder Bay, Ontario Au 2% NSR West Matachewan Transition Metals Canada Au 1.0% NSR DAXP San Martin First Majestic Silver Jalisco, Mexico Ag, Au 2% NSR Wollaston Copper Transition Metals Canada Cu 1.0% NSR E Saddle North Newmont British Columbia Au, Cu 0.25% NSR West Wall Anglo American / Glencore Chile Cu, Mo, Ag 1.0% Net Proceeds Production Royalty Zaruma Pelorus Capital Ecuador Au 1.5% NSR

METALLA ROYALTY & STREAMING | December 2024 | 23 Pre-2010 $66 TheLandscape $64 $64 $61 • The royalty space has expanded rapidly, especially during the 2018-2021 period • Sector market cap has expanded by roughly 2.2x from 2010 to 2022, with the number of publicly listed companies expanding to 24 $48 • Sector has slowly become saturated at the junior level – which has led to consolidation $37 $31 $33 $25 $27 $23 $22 $20 $17 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Current Acquired Acquired New Stream and Acquired Acquired Royalty Companies Acquired Acquired Acquired Acquired Acquired Acquired Number of (3) 14 15 16 16 16 17 18 19 20 20 25 28 25 25 Companies 24 Source: Scotiabank (1) Excludes private royalty companies (2) Market cap measured as of year end in respective year (3) Other new companies include Nova Royalty, Trident, Empress Royalty, Orogen Royalties

METALLA ROYALTY & STREAMING | December 2024 | 24 OSISKO GOLD METALLA TRIPLE FLAG ROYALTIES SANDSTORM GOLD ROYALTY ELEMENTAL Asset Operator Asset Operator Asset Operator Asset Operator Asset Operator Asset Operator TacaTaca Northparkes Canadian Hod Maden Canadian Caserones Malartic Malartic Vizcachitas RBPlat Mantos Antamina REN Karlawinda Blancos West Wall Cerro Lindo CSA Platreef Granite Cactus Creek NuevaUnion Gunnison Horne 5 Vale Iron Ore Titiribi Wahgnion Castle ATO Back Forty Blyvoor Fenelon Ming Mountain Wasamac Buritica Eagle Greenstone Whistler Bonikro Gosselin & Pumpkin Casino Chapada Côte Laverton Côté Hollow Garrison Kemess Cariboo Caserones La Mina Mercedes Copper World Prieska Corvette Aurizona Yellowknife Amancaya Complex Santa Fosterville Island Mercedes Jerritt Canyon Ballarat Gertrudis Average Mine Life 20 16 16 17 13 11 # of Assets in Top 10 with >US$1 bn Operator 8 5 3 8 4 2 Source: Company disclosure, FactSet, S&P Global Market Intelligence, street research Note: Top 10 assets based on Street consensus NPV.

METALLA ROYALTY & STREAMING | December 2024 | 25 Notes (1) For details, please refer to IAMGOLD’s 2023 Annual Information Form and IAMGOLD’s Press Release dated October 23, 2023 which Metalla holds a royalty, stream or other interest, and generally has limited or no ability to independently verify such available at sedarplus.ca. Annual GEOs calculated by applying the royalty rate and 6% Cote royalty coverage to life of mine information. Although Metalla does not have any knowledge that such information may not be accurate, the Company has not average production. independently verified this information and there can be no assurance that such third-party information iscomplete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, (2) For details, please refer to the Feasibility Study – NI 43-101 Technical Report for the Tocantinzinho Gold Project with an streamor otherinterests. Metalla's royalty, stream or other interests can cover less than 100% and sometimes only a portion of the effective date of December 10, 2021 and the G Mining Ventures’ Press Release dated September 12, 2023. Annual GEOs publicly reported mineral reserves, resources and production of a property. Unless otherwise indicated,the technical and scientific calculated by applying royalty rateto life of mine average production. disclosure contained or referenced in this prsentation, including any references to mineral resources or mineral reserves, was prepared in accordance with Canadian NI 43-101, which differs significantly from the requirements of the U.S. Securities and (3) For details, please refer to the Technical Report for the Castle Mountain Project Feasibility Study with an effective date of Exchange Commission (the