D I V E R S I F I E D ( M I N I N G ) E X P L O R A T I O N A S S E T S The following table is a list of the diversified (mining) exploration assets of Franco-Nevada as at April 28, 2025. A list of the precious metals exploration assets can be found on pages 82-84. Assets that have had their terms or leases expire and have been written off are not listed. Diversified – Iron Ore and Other Mining Exploration Assets as at April 28, 2025 Asset Operator Interest and %1 South America Para South Iron Project, Brazil Talon Ferrous Mineracao Ltda 0.5-1% NSR (All Metals) Trairao Iron Project, Brazil Talon Ferrous Mineracao Ltda $0.2995/tonne (Fe) Various-Vale, Brazil Vale S.A. Various (Fe) Bronce West, Chile Masglas America Corporation SpA 1-2% NSR (All Minerals) Calvario, Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) Mirador, Chile Austral Gold Limited (Minera Mena Chile Limitada) 1-2% NSR (All Minerals) Morros Blancos, Chile Pampa Metals Corp. (Pampa Metals Chile SpA) 1-2% NSR (All Minerals) Reina Hija, Chile Sumitomo Metal Mining Co., Ltd. (Sumitomo Metal Mining Chile Ltda) 1-2% NSR (All Minerals) San Valentino, Chile Atacama Copper Exploration Limited 1-2% NSR (All Minerals) Vizcachitas, Chile Los Andes Copper Limited 0.51-2% NSR (All Minerals) Canada Carruthers, British Columbia Cariboo Rose Resources Ltd. 2.5% NSR (All Minerals) (buy-back option on 1.5%) Trout Lake (MAX Moly Mine), British Columbia Cameo Industries Corp. 2.5% NSR (All Minerals) Golden Ridge, New Brunswick Darryl Leblanc 2% NSR (All Minerals) Buchans, Newfoundland and Labrador Canterra Minerals Corporation 2% NSR (All Minerals) (buy-back option on 1%) LabMag (Taconite), Newfoundland and Labrador Abaxx Technologies Inc. 1.666% GR (Iron Ore-Taconite) Mary March, Newfoundland and Labrador Canstar Resources Inc. 1% NSR plus other (All Minerals) Mazenod, Northwest Territories BFR Copper & Gold Inc. 2% NSR (All Minerals) (buy-back option on 1%) Redstone (Coates Lake), Northwest Territories Copper North Mining Corp. (Redbed Resources Corp.) 3-4% NSR (Cu, Ag) Black Thor, Ontario Wyloo Muketei Ltd. 2-3% NSR (Cr, Ni, Cu) Butler and Sanderson (Diagnos), Ontario Wyloo Ring of Fire Ltd./Juno Corp. ROFR on Diagnos Royalty (Diamonds/Base Metals) Cline Lake, Ontario Alamos Gold Inc. 0.75% NSR (All Minerals) Diagnos, Ontario Wyloo Muketei Ltd. 2% NSR (All Minerals) Eagle’s Nest, Ontario Wyloo Ring of Fire Ltd. 1% GR (All Minerals) Kyle, Ontario Wyloo Muketei Ltd. 2% NSR (All Minerals) MacFadyen & Pele, Ontario Wyloo Muketei Ltd. 2% NSR (All Minerals) Ring of Fire (Original Noront Properties), Ontario Wyloo Ring of Fire Ltd. 2% NSR (All Minerals) Sungold, Ontario Interbanc Capital Corp. 2% NSR (All Minerals) Benoist, Quebec Cartier Resources Inc. 1% NSR (All Minerals) (buy-back option on 0.5%) Matagami JV, Quebec Glencore plc (Glencore Canada Corporation) 2% NSR (All Minerals) Matagami PD1, Quebec Glencore plc (Glencore Canada Corporation) Net Carried Interest plus other (All Minerals) Crawford Lake, Saskatchewan Denison Mines Corp. 2% NSR (All Minerals) (buy-back option on 1%) United States Chilito-Cyprus Christmas, Arizona Grupo Mexico, S.A.B. de C.V. (Asarco LLC) $0.02/lb (Cu); beyond 650M lbs production Zeolites, Arizona Imagin Minerals et al $1.50/ton plus escalator (Clay) EaglePicher Diatomite II, Nevada EP Minerals, LLC $0.25/short ton plus other (Diatomite) Boling Dome, Texas Total E&P USA, Inc./H & L New Gulf, Inc. $0.0028225 per long ton (Sulfur) Hobson Pearson, Texas Uranium Energy Corp. 20% OR (Uranium) Tintic, Utah Ivanhoe Electric Inc. 1% NSR (All Minerals) Shirley Basin (Davy Crockett), Wyoming Ur-Energy Inc. (Pathfinder Mines Corporation) 4% GR (Uranium) TSX / NYSE: FNV 100 ★ Franco-Nevada Corporation Diversified (Mining) Exploration Assets Overview Precious Metals Diversified Assets