1 The World Benchmarking Alliance is a United Nations - supported organization launched in 2018 to measure and benchmark the contribution of companies to a sustainable future. The Planet measurement area (formerly Ecosystems and Biodiversity) assesses how companies understand, manage and reduce their impacts and dependencies across the Earth’s natural systems, including biodiversity, atmosphere, freshwater and materials. It evaluates corporate policies, targets, disclosures and actions related to environmental stewardship and the mitigation of pressures on nature, supporting the transition toward a nature - positive economy. 2 Lundin Mining was ranked 20 out of 102 global metals and mining companies, and 127 out of 816 global companies across all industries, under the World Benchmarking Alliance’s prior - year Ecosystems and Biodiversity assessment. Rankings are cycle - based and are not carried forward to subsequent assessment periods. Biodiversity Top Mining Producers Ranked World Benchmarking Alliance: Nature Benchmark, Planet ranking 1 Out of 90 global metals and mining companies Out of 750 global companies from all industries NR NR 31 162 NR NR NR NR 9 52 NR NR 2 20 127 8 40 9 52 5 31 Operators’ and operational impacts on biodiversity are an important consideration in Franco - Nevada’s capital allocation decisions (see Due Diligence Process for further information). Assessing the ecological profile of a mining or energy company or project can be complex, as environmental conditions vary significantly by location, and operators’ biodiversity - related plans and actions are often difficult to assess using standardized or universally comparable metrics. Franco - Nevada reviews potential impacts on biodiversity and ecosystems across the full lifecycle of a project. This review may include preliminary strategic assessments of biodiversity impacts associated with project development, life - of - project “no - net - loss” commitments to address unavoidable impacts through regional or landscape - level conservation initiatives, and plans for site rehabilitation and reclamation following project closure. We track key environmental impacts at certain of our existing assets and seek to engage with operators to support biodiversity - related initiatives at projects in which we hold royalty and stream interests. On this page, we present the World Benchmarking Alliance’s Nature Benchmark, Planet rankings for our Top Mining Producers for 2025. On the following page, we highlight selected biodiversity - related performance indicators, commitments and initiatives reported by our Top Mining Producers, including a more detailed review of two of our Top Mining Assets, Detour Lake and Antapaccay. The information presented is sourced from the most recent publicly available sustainability reporting of Agnico Eagle and Glencore, respectively. Our Top Mining Producers: 90 % § Have formalized commitments not to explore or mine in UNESCO World Heritage Sites, typically through ICMM, WGC or equivalent corporate policies § Are members of the WGC and/or ICMM, and/or Copper Mark participants, each of which incorporates biodiversity - related principles, site - level risk assessment and mitigation expectations 60 % § Have stated commitments to achieving “no - net - loss” or a net neutral / net positive impact on biodiversity at operations, usually supported by application of the mitigation hierarchy Franco-Nevada Corporation 16