Versamet Royalties Corp

Other than as disclosed below and elsewhere in this Annual Report, there have been no significant changes in our financial condition since the most recent financial statements for the year ended December 31, 2025.

On April 30, 2025, we repaid the full amount of the outstanding principal of the CLA, together with all accrued and unpaid interest (including accrued and unpaid PIK Interest) and the Make Whole Fee for an aggregate prepayment amount of C$26,084,680.

In connection with the closing of the Kolpa CPA, we entered into an amending agreement with BMO and NBF to amend and increase the size of the Credit Facility to $60 million with a $15 million accordion feature. The new Credit Facility included an updated maturity date of April 30, 2028 and an approximate 25 basis point reduction to the drawn interest spread.

In connection with the Appian transaction, on September 24, 2025 we amended and expanded the Credit Facility to the Upsized Credit Facility. The Upsized Credit Facility was comprised of an upsized $100 million revolving credit facility maturing in April 2028, and the Term Loan. In connection with the acquisition of Eskay Creek, the Company entered into the Second Amending Upsized Credit Facility. As of the date of this Annual Report, the balance drawn on or outstanding under the Second Amending Upsized Credit Facility is $385 million, comprised of $235 million drawn on the revolving credit facility and a $150 million term loan.

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See Item 4.A, “History and Development of the Company – Key Developments” for more information about the repayment of the CLA and amendment to the Credit Facility.