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Versamet Royalties Corporation — Capital/Financing Update 2026
Apr 13, 2026
48396_rns_2026-04-13_a004f538-aa2d-4dc3-a997-d4bf2da5fd72.pdf
Capital/Financing Update
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FORM 51-102F3
MATERIAL CHANGE REPORT
Item 1. Name and Address of Reporting Issuer
Versamet Royalties Corporation (“Versamet” or the “Company”)
Suite 3200, 733 Seymour Street
Vancouver, British Columbia
V6B 0S6
Item 2. Date of Material Change
April 10, 2026
Item 3. News Release
News releases describing the material changes were disseminated by the Company on April 6, 2026 and April 10, 2026 through TMX Newsfile and copies were subsequently filed on the Company’s profile on SEDAR+ at www.sedarplus.ca.
Item 4. Summary of Material Change
On April 10, 2026, the Company announced that it has completed the previously announced acquisition of a 3.52% gold stream in respect of gold production from the Eskay Creek gold-silver project from fund entities managed by Orion Resource Partners LP and fund entities managed by affiliates of Blackstone Inc.
Item 5. Full Description of Material Change
5.1 Full Description of Material Change
On April 10, 2026, the Company announced that it has completed the previously announced acquisition of a 3.52% gold stream (the “Gold Stream”) in respect of gold production from the Eskay Creek gold-silver project (“Eskay” or the “Project”) from fund entities managed by Orion Resource Partners LP and fund entities managed by affiliates of Blackstone Inc. (collectively, the “Vendors”).
Versamet paid an upfront cash payment of $340 million and issued 2,054,906 common shares to the Vendors. Versamet funded the upfront cash payment through an amended and restated credit facility (the “Amended Credit Facility”), which includes an increase of the existing revolving facility from $200 million to $250 million, maturing in March 2029, and a new term facility in the amount of $150 million, maturing in March 2028, for a combined total of $400 million, from the Bank of Montreal and National Bank of Canada. The Amended Credit Facility provides for a $100 million accordion on the revolving facility once the term facility has been repaid in full.
Full details of the transaction can be found in Versamet’s news release titled “Versamet Acquires Cornerstone Canadian Gold Stream on Eskay Creek” dated April 6, 2026.
5.2 Disclosure for Restructuring Transaction
Not applicable.
Item 6. Reliance on subsection 7.1(2) of National Instrument 51-102
Not applicable.
Item 7. Omitted Information
No information has been omitted on the basis that it is confidential information.
Item 8. Executive Officer
Craig Rollins
General Counsel and Corporate
Secretary Tel: (778)-945-3948
Item 9. Date of Report
April 13, 2026