Sandstorm Gold completes plan of arrangement with Royal Gold.

Sandstorm Gold Royalties has completed its plan of arrangement with Royal Gold, with Sandstorm shareholders receiving 0.0625 of a Royal Gold share for each Sandstorm share held. The Sandstorm Shares are expected to be delisted from the Toronto Stock Exchange and New York Stock Exchange within two to three business days. Sandstorm will also apply to cease being a reporting issuer and deregister its shares under the U.S. Securities Exchange Act.

Sandstorm Gold Royalties (NYSE: SAND) has finalized its plan of arrangement with Royal Gold, marking a significant milestone in the company's history. Under the terms of the arrangement, Royal Gold will indirectly acquire all issued and outstanding Sandstorm shares. This move comes after months of negotiation and planning.

The arrangement, which was completed on October 20, 2025, outlines that Sandstorm shareholders will receive 0.0625 Royal Gold common shares for each Sandstorm share they hold. This swap is expected to be a fair and equitable exchange, aligning with the interests of both parties involved.

Following the completion of the arrangement, Sandstorm shares are expected to be delisted from the Toronto Stock Exchange and the New York Stock Exchange within two to three business days. Additionally, Sandstorm will apply to cease reporting and deregister its shares under the U.S. Securities Exchange Act, marking a significant shift in the company's regulatory status.

This development is a strategic move for Sandstorm, positioning it to benefit from Royal Gold's extensive resources and experience in the mining industry. The arrangement is expected to create synergies and enhance Sandstorm's long-term prospects.

Investors and financial professionals should closely monitor the upcoming delisting and deregistration process to understand the full impact of this arrangement on Sandstorm's financial health and operational structure.