December 5, 2024

Sandstorm Gold Royalties acquires Nomad Royalty Company

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Nolan Watson, President & CEO of the Company

Canada based Sandstorm Gold recently announced the successful completion of the previously announced acquisition of Nomad Royalty Company, pursuant to a plan of arrangement under the Canada Business Corporations Act (the “Acquisition”).

Sandstorm issued approximately 74.4 million common shares of the Company (“Sandstorm Shares”) to former Nomad shareholders equal to an exchange ratio of 1.21 Sandstorm Shares for each common share of Nomad (each, a “Nomad Share”). As per the source, the Company’s shareholders approved the share issuance for the Acquisition at its special meeting of shareholders on August 9, 2022 (see press release dated August 9, 2022). The Sandstorm Shares issued pursuant to the Acquisition are expected to be listed and posted for trading on the Toronto Stock Exchange and New York Stock Exchange. With completion of the Acquisition, existing Sandstorm and former Nomad shareholders are expected to own approximately 73% and 27% of the outstanding shares of the pro forma Sandstorm, respectively.

In conjunction with the previously announced closing of the BaseCore transaction (together with the Acquisition, the “Transactions”) the Transactions are expected to provide several benefits to Sandstorm, including, substantial increase in size and scale cementing Sandstorm’s status as one of the highest-growth and most liquid mid-tier royalty and streaming companies, adds high-quality and low-cost assets with precious metals focus resulting in Sandstorm’s expected revenue to be nearly 90% precious metals in 2025, one of the highest growth amongst peers where production is expected to grow more than 85% between 2022 and 2025, industry-leading portfolio diversification with a resulting portfolio of 250 streams and royalties, of which 39 of the underlying assets are cash-flowing and no asset contributing more than 15% to the Company’s consensus net asset value and Bolsters financial strength and capital markets profile with a strong balance sheet, increased public float, liquidity, and access to capital, Sandstorm is expected to have a greater capacity to pursue further growth and return capital to Sandstorm shareholders.

Nolan Watson, President & CEO of the Company, remarked, “The completion of the Nomad Acquisition is another exciting milestone for Sandstorm shareholders this year. We began 2022 with a bold vision for Sandstorm and this is the next step in the growth strategy for the Company. We welcome the new shareholders of Sandstorm and appreciate your support as we continue to grow and build Sandstorm into the go-to precious metals royalty and streaming royalty company.”

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