Marc Bishop Lafleche

NextGen's Patterson Quarter East uranium discovery, which is potentially, you know, one of the most exciting discoveries in the uranium space of the past decade plus.

We expect year on year uh around 50% less volumes from 2026, 2025 to 2026 and then from 2027 through 2030 somewhere between 25 and 50%

NextGen really does appear to have discovered something pretty special at Patterson Lake E that is long dated

we had year-on-year an excellent quarter up 105% on Q1 2025. And in the base metals assets, these were up 152% actually year-on-year.

Last year we the portfolio generated portfolio contribution just under $60 million.

And that compares to total portfolio contribution last year of $60 million.

We unlocked 16 and a half million dollars of cash and potentially an incremental amount that would take us to 20 million subject to satisfaction of certain conditions.

at Santo Domingo by owned by Capstone Copper Copper with which is targeting an FID decision later this year.

So, so I mean 2026 will probably be the last year of sort of big chunky volumes for us.

expected and targeted by by the operator uh Capstone copper to see a final investment decision later this year

2025 coming in as, I think, in many ways this key inflection point for Eora of the future

2025...the first year in the history of the company where more than 50% of the royalty income and royalty related income from streams as well is generated from assets that are not the legacy metal royalty

the restart of mining at an at a mine in Australia called Nifty.

some of the most meaningful uh include, for example, uh the Santo Domingo mine owned by Capstone Copper, um the Palabora rare earths project, amongst others.

expand production at at the uh Capstone Copper's Mantos Blancos mine where we have a royalty and more information on that expansion is expected later this year

if you were to run spot prices today over the on average over the first 7 to 8 years the Santo Domingo royalty would be expected to generate $35 million a year plus or minus.

in the produc in in the critical minerals portfolio which has gone from less than five million in 2020 to approximately 36 37 million in 2025 and the potential to be well above 100 million at the end of the decade

Ecore by virtue of 80% base metals is quite unique in its concentration and scale.

The business has an enterprise value of around $550 million.

Um so, the most of the volumes are in London. Although, what we've observed, interestingly, as the portfolio has transitioned from from coal to the critical mineral story, uh there's been a lot more interest around the core, and we've seen our volumes on the trading volumes on the TSX grow from a relatively low base, but significantly. And the core also uh trades on the OTCQX platform in the United States if there's an American um investor who prefers to buy and sell during our daytime US trading hours.