Franco-Nevada Mining Industry Scholarships In 2025, we continued to expand the Franco - Nevada Mining Industry Scholarship program by awarding four new scholarships to diverse students enrolled in mining - related fields of study, increasing the total number of active scholarships to fifteen. Beginning in 2026, we partnered with the Young Mining Professionals Scholarship Fund to support the administration of the program and to expand its reach and impact. Through this partnership, we seek to award additional renewable scholarships to a broader group of students, with a goal of awarding approximately one out of every two scholarships to Diverse Persons*, supporting a more inclusive future for the mining industry. Diversity and Inclusion Initiatives We are proud to have progressed the following diversity and inclusion initiatives during 2025 and year to date: BlackNorth Initiative The BlackNorth Initiative was created by the Canadian Council of Business Leaders Against Anti - Black Systemic Racism to advance action - oriented efforts to address anti - Black systemic racism in corporate Canada. Franco - Nevada became a signatory to the BlackNorth Initiative pledge at its inaugural summit in July 2020. Under our pledge, we committed to: (i) hiring, on average, at least 5% of our student workforce from the Black community; (ii) directing by 2025 at least 3.5% of corporate donations and sponsorships toward initiatives that promote investment and economic opportunities within the Black community; and (iii) setting numeric diversity objectives for the representation of Diverse Persons*, including Black individuals, at the Board and senior management ◊ levels. To date, we have exceeded our student workforce commitment and surpassed our donation and sponsorship commitment, supporting four registered Canadian charitable organizations focused on education, health, youth development, and business within the Black community. As the BlackNorth Initiative transitions from its initial phase to BlackNorth Initiative 2.0, we remain committed to the principles and intent of our original pledge and will continue to explore opportunities to advance and sustain the commitments we made under that pledge. Related Policies, Statements & Links § BlackNorth Initiative Pledge § Franco-Nevada Mining Industry Scholarship Paul Brink and recent Franco-Nevada Mining Industry Scholarship recipients Mining Industry Scholarship * Diverse Persons include women, Black, Indigenous and other racial or ethnic minorities, individuals who identify as LGBTQ2S+ and people with disabilities. ◊ Vice President and above. Franco-Nevada Corporation 31