We believe that our competitive strengths include, among other things:

Significant Resource Base with Meaningful Attributable Ounces.

We believe that our significant attributable resource base is a key competitive strength, as it provides us with the opportunity to experience success in the future, subject to the success of the properties underlying our expected royalty interests.

Experienced Team with a Proven Track Record in Mining.

Led by our Chairman and Chief Executive Officer, David Garofalo, our management team, board of directors and advisory board have over 250 years of combined experience in the mining sector, including key expertise in exploration, development and operational areas, along with important capital markets acumen and extensive networks. We believe this enhances our ability to execute on opportunities and makes us an attractive partner to potential royalty and stream counterparties where our collective knowledge and experience could add value to their business. In addition, we believe our team’s collective experience and network provide us with many of the capabilities of much larger companies, while allowing us to maintain a lean cost structure and a strong entrepreneurial culture.

Lean but Scalable Operating Structure.

Our lean operating profile allows us to operate with a low-cost structure, while maintaining the flexibility to rapidly assess and respond to new investment opportunities. We intend to leverage external expertise when appropriate, which should give us the ability to expand our technical and geographic footprint well outside of our internal resources and maintain a high level of confidence that a comprehensive range of opportunities are evaluated to meet our objectives and long-term strategy.

Diversified Royalty Portfolio and Growth Strategy.

This provides us a relatively geopolitically stable resource base with significant future upside potential.