Our Business Metalla is an emerging mid-tier royalty and streaming company that Royalties holds over 100 assets covering ~1.7 million gold equivalent ounces to our account. We provide investors leveraged exposure to gold, Royalties, often 1-2% of future production value, are typically estab- silver, and copper through prudent allocation of capital while min- lished when exploration and development properties change owner- imizing risk and maximizing optionality. We target assets that offer ship. They are usually a percentage of the net value received from exposure to proven geological trends, top tier operators, and the smelter processing, known as "net smelter return" (NSR) royalties. safest jurisdictions. Pro昀椀t-related royalties (NPI) are less common. Royalty rights are often registered on property titles or mineral rights and have strong tenure and generally survive operating company reorganizations in recognized jurisdictions. Streams A stream is a purchase agreement that grants the right to buy all or part of the metals produced from a mine, in exchange for an upfront deposit payment. The purchase price for these metals is 昀椀xed or a Our Expanding Royalty Portfolio percentage of spot price for the duration of the agreement. Royalties are not subject to in昀氀ationary operating and capital cost pressures. They are non-dilutive assets meaning despite how much equity or debt the operator may issue, our percentage of the deposit will always remain the same and royalties typically are enforceable in perpetuity. Royalties are free-carried interests, meaning once acquired, no fur- ther capital contributions are required. We receive our royalty ounc- es on our producing assets right off the top, meaning our pro昀椀t mar- gin is nearly the full selling price of the metal, and we receive the full bene昀椀t of any future increases in prices or future mine expansions. The bene昀椀t of owning royalties on high-quality deposits is they have a long-stated history of replacing reserves and continue to produce for a period well-beyond the stated reserve-life index or mine life. Our Partners In many cases, operators consistently convert resources to re- serves, leading to ongoing reserve expansion – even net of deple- tion. Our strong foundation of current and future cash-generating as- set base, combined with an experienced management team gives Metalla a path to become one of the leading gold, silver, and copper royalty companies. For further information, please visit our website at www.metallaroyalty.com. 6 Metalla Royalty & Streaming Ltd.
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