OR Royalties announces renewal of normal course issuer bid

OR Royalties (OR) announced that the Toronto Stock Exchange has approved the Company’s notice of intention to make a normal course issuer bid. Under the terms of the NCIB Program, OR Royalties may acquire up to 9,399,294 of its common shares from time to time in accordance with the normal course issuer bid procedures of the TSX. The NCIB Program will be conducted through the facilities of the TSX or through alternative trading systems in Canada, if eligible, and will conform to their regulations. Purchases under the NCIB Program will be made by means of open market transactions or such other means as a securities regulatory authority may permit, including pre-arranged crosses, exempt offers and private agreements under an issuer bid exemption order issued by a securities regulatory authority. Repurchases under the NCIB Program may commence on December 12, 2025 and will terminate on December 11, 2026 or on such earlier date as the NCIB Program is completed. Daily purchases will be limited to 107,496 Common Shares, other than block purchase exemptions, representing 25% of the average daily trading volume of the Common Shares on the TSX for the six-month period ending November 28, 2025, being 429,986 Common Shares.