Royal Gold enters into financing agreements with Solaris to advance the Warintza Project for US$200M

On May 21, 2025, Solaris Resources has entered into a US$200 million financing arrangement comprising a gold stream (“Stream”) and net smelter return royalty (“Royalty”) (collectively the “Financing Agreements”) with RGLD Gold AG ("Royal Gold"), a subsidiary of Royal Gold, Inc. following a competitive and comprehensive process. The first US$100 million tranche is available immediately, while a second US$50 million tranche will become available on completion of a prefeasibility study (PFS) and approval of the environmental-impact assessment. A final US$50 million tranche will be accessible one year after closing and subject to customary conditions, including perfected security.

Royal Gold, based in Colorado, is a precious metals stream and royalty company engaged in the acquisition and management of precious metal streams, royalties and similar production-based interests.

McCarthy Tétrault advised Royal Gold Inc. with a team led by Roger Taplin and Christopher Langdon that included Shawn Doyle, Joey Levesque, Vaibhav Aggarwal (Business), Vasuda Sinha (Litigation) and Genevieve Loxley (Financial Services).