C R A W F O R D Location: Ontario, Canada | Operator: Canada Nickel Company Inc. | Metals: Ni, Co, Cr & PGM | Royalty: NSR: 2% Canada Nickel Company Inc. (“Canada Nickel”) is advancing its Crawford nickel- cobalt sulphide project near Timmins, Ontario where Franco-Nevada holds a 2% NSR on all metals. Crawford represents one of the largest undeveloped nickel sulphide resources globally, containing 1,715 million tonnes of Proven and Probable Reserves at a grade of 0.22% nickel for 3.8 million tonnes of contained nickel. Canada Nickel completed a bankable feasibility study for a large-scale open pit mining project in 2023. The study outlined a multi-phase operation ramping up from 60,000 to 120,000 tonnes per day of milling capacity to produce up to 48,000 tonnes per annum of nickel over a 41-year mine life. The mine would also produce cobalt, chrome, iron and PGMs. Canda Nickel is advancing the project through the permitting process and has attracted investments from Anglo American, Agnico-Eagle, and Samsung SDI. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 2.0% is applicable. Franco-Nevada has also applied a NSR smelting charge of 30%. Nickel has been converted to Royalty Ounces assuming $7.89 per pound ($7.89 per pound in 2023, $11.00 per pound in 2022) R O G O Z N A Location: Serbia | Operator: Strickland Metals Limited | Metals: Cu, Zn, Pb, Au & Ag | Royalty: NSR: 1.5-2% Franco-Nevada holds a 2% NSR from gold and 1.5% NSR from all other metals on Strickland Metals Rogozna project located near Novi Pazar approximately 400 km south of Belgrade in southern Serbia. The Rogozna Gold and Base Metals Project, located in the Raška District of southern Serbia, lies within the Tethyan Metallogenic Belt, which hosts multiple, giant, porphyry-related deposits. Rogozna hosts a large-scale magmatic hydrothermal system, featuring skarn-based Au-Cu (+/- Zn, Ag, and Pb) mineralisation. The key prospects within the project are Shanac, Gradina, Medenovac and Copper Canyon. Rogozna contains a JORC Inferred Mineral Resource of 199 million tonnes at 1.2g/t gold equivalent for 7.4 million gold equivalent ounces on two of the four drill-defined deposits. Strickland plans to undertake 35,000 meters of Resource definition and 15,000 meters of exploration drilling at the Rogozna Project in 2025. For Royalty Ounce calculation, Franco-Nevada estimates 100% of the Mineral Resources and Mineral Reserves are subject to our royalty interest and estimates a rate of 1.83% (2.0% for gold Royalty Ounces, 1.5% for silver Royalty Ounces and 1.275% for copper Royalty Ounces which factors a NSR smelting charge of 15%). Copper has been converted to Royalty Ounces assuming $4.25 per pound and silver has been converted to Royalty Ounces assuming $2,800/oz gold and $31.00/oz silver TSX / NYSE: FNV 96 ★ Franco-Nevada Corporation Other Mining Overview Precious Metals Diversified Assets