Overview FINANCING SUCCESSFUL MINES w vie Royalties and streams provide low-cost and flexible funding for the mining Over industry. It helps operators reduce the fixed burden of debt and avoid excessive equity dilution, particularly when financing new mine builds. We aim to be a stable and supportive partner through the cycle and to share in the exploration success of the projects that we help fund. M&A DEBT REDUCTION PROJECT DEVELOPMENT EMERGING PROJECTS 8 ★ Franco-Nevada Corporation TSX / NYSE: FNV