Gold Royalty Corp.

Blackrock Silver Corp. announced that its wholly-owned Nevada subsidiary, Blackrock Gold Corp., has entered a purchase agreement with Nevada Select Royalty, Inc., a wholly-owned subsidiary of Gold Royalty Corp., to acquire the Tonopah East project, a parcel of 146 unpatented mineral claims along the eastern margin of the Fraction caldera within the Walker Lane trend of west-central Nevada. The acquisition adds 12.1 square kilometres to Blackrock's existing 26.6 square kilometres, bringing its total land position along the silver-dominated Fraction caldera margin to just shy of 39 square kilometres, a roughly 45% increase. Under the agreement, Blackrock Gold will pay US$48,344.37 in cash, plus any federal annual mining claim maintenance fees paid by Nevada Select for the assessment year ending September 1, 2027, and will grant Nevada Select a 3.0% net smelter returns royalty on any future production at Tonopah East. President and CEO Andrew Pollard said the Tonopah district produced 174 million ounces of silver and 1.8 million ounces of gold from a four-kilometre trend, and that the new ground sits about five kilometres from the company's planned mill and process plant. Closing is anticipated on or about September 30, 2026.

Gold Royalty Corp. reported record financial results for the first half of 2026, with total revenue, land agreement proceeds, and interest rising 116% to $17.3 million and adjusted EBITDA more than tripling to $12.6 million. For the second quarter, total revenue, land agreement proceeds, and interest reached $7.9 million, an 80% increase, while adjusted EBITDA more than doubled to $5.6 million from $2.4 million a year earlier. The company produced 1,757 gold equivalent ounces in the quarter, bringing the first-half total to 3,677 ounces, or 44% of the midpoint of its full-year guidance of 7,500 to 9,300 GEOs. Gold Royalty also announced two acquisitions: an additional 0.1875% NSR royalty on the Ren project for $6.25 million, which is in addition to the existing 1.5% NSR and 3.5% NPI royalties it already holds, and two Nevada royalties for $800,000, including a 2% NSR on the Sterling property and a 0.5% NSR on portions of Granite Creek. The company ended the quarter with $11.3 million in cash and a fully undrawn $150 million credit facility, and management said the board is considering a capital return policy as the portfolio generates consistent positive free cash flow.