Investments (Tables)

6 Months Ended

Jun. 30, 2026


		The Metals Royalty			1554997 B.C.
		Company			Ltd.
Investment as at December 31, 2024		$	8,203		—
Spin-out transaction			(3,739)		3,739
Return of capital			(346)		(346)
Dilution gain			5,649		—
Equity-accounted investment gain for the year ended 2025			287		—
Investment as at December 31, 2025		$	10,054		3,393
Purchase of additional investment			1,000		—
Equity-accounted investment loss the period			(4,276)		(248)
Dilution gain			23,071		—
Return of capital			—		(152)
Investment as at June 30, 2026			29,849		2,993

The Metals Royalty Company

Investments

Schedule of financial results


		As at June 30,			As at December 31,
		2026			2025
Current assets		$	12,899		$	18,853
Non-current assets			157,416			14,095
Current liabilities			7,723			1,763
Long term debt			41,737			—


		Three months ended					Six months ended
		June 30,					June 30,
		2026			2025		2026		2025
Operating expenses from continuing operations		$	5,814		$	72	$	16,438	$	187
Net loss from continuing operations			6,336			61		16,406		159
Net income from discontinued operations			—			(338)		—		(326)

1554997 B.C. Ltd

Investments

Schedule of financial results


		As at			As at
		March 31, 2026			December 31, 2025
Current assets		$	687		$	380
Non-current assets			12,041			12,173
Current liabilities			17			44
Non-current liabilities			1,143			1,057


		Three months ended			Six months ended
		March 31, 2026			March 31, 2026
Royalty income		$	356		$	399
Operating income			197			224
Net income (loss)			117			(910)

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 205
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

+ Details