Versamet Royalties Announces Filing of Preliminary Prospectus and Intention to Seek Listing

Vancouver, British Columbia--(Newsfile Corp. - April 14, 2025) - Versamet Royalties Corporation ("Versamet" or the "Company") announces that it has filed a long-form non-offering preliminary prospectus with the British Columbia Securities Commission and has applied to list its shares for trading on the TSX Venture Exchange.

"This is an exciting and important time for Versamet," said Dan O'Flaherty, CEO of Versamet. "In less than three years, we have built Versamet into what we believe is the premier emerging gold-copper royalty and streaming investment. We have purposefully constructed a portfolio focused on cash flows from streams and royalties on high-quality, long-lived assets, and we are well positioned for further growth with support from our cornerstone corporate shareholders B2Gold, Equinox Gold and Sandstorm Gold Royalties. In 2024, we produced approximately 5,100 gold equivalent ounces ("GEOs") and generated positive free cash flow. 2025 will be a catalyst-rich year as production continues to ramp up at both Equinox Gold's Greenstone mine and Artemis Gold's Blackwater mine, first production is achieved at West African Resources' Kiaka gold mine, and we close our recently announced acquisition of a copper stream on Minera Kolpa, which Endeavour Silver is acquiring. Together, these developments should grow our forecasted 2026 production to between 14,000 and 16,000 GEOs, generating revenue of more than US$45 million at current metal prices. With these upcoming catalysts and our demonstrated track record of value-enhancing growth, now is the ideal time to take Versamet public."

Investment Highlights

• Cash Flowing, Gold-Copper Centric Portfolio with Large-Scale Optionality: Current portfolio of more than 25 assets, underpinned by a stable base of cash flow generating interests, including the Greenstone and Blackwater mines as well as from our newest acquisition Minera Kolpa, complemented by near-term growth attributable to assets that are currently in construction including Kiaka and Toega. Versamet's annual revenue for 2024 was approximately US$12 million, equivalent to the production of roughly 5,100 GEOs. By 2026, Versamet's attributable GEO production is expected to be between 14,000 and 16,000 GEOs. Additionally, our portfolio has been designed to grow organically over time and is exposed to several large-scale projects, the majority of which are being advanced by mining operators with a market capitalization of greater than US$1 billion, including Equinox Gold, West African Resources, Endeavour Silver, Glencore, HudBay Mining, and Southern Copper.