CANADA Allan Allan is an underground potash mine owned and operated by Nutrien Ltd (“Nutrien”). Allan is located in central Saskatchewan, approximately 45 kilometers east of Saskatoon near the town of Allan. ROYALTY OPERATOR Nutrien Ltd. MINERALIZATION STYLE Evaporite MINE TYPE Underground METAL(S) Potassium Chloride PRODUCT Potash ROYALTY $0.36 to $1.44 per ton (potash), $0.25 per ton (potash) YEAR OF ACQUISITION 2008 TERM OF ROYALTY Life of Mine MINE LIFE 2077 1 Operational Overview The Allan mine is an underground mining operation where continuous mining machines are used to excavate potash ore by the stress-relief mining method, with continuous conveyor belt transport of ore from the mining face to the bottom of the production shaft. Potash ore is processed and concentrated on surface – both flotation and crystallization methods are used at Allan to produce granular, standard, and suspension-grade potash products, and concentrated finished potash products (near-pure potassium chloride) are shipped to markets in North America and offshore. The Allan mine has an annual nameplate capacity of 4.0 million tonnes of finished product. 2025 OPERATOR GUIDANCE Detail not publicly disclosed by operator. LONGER-TERM OPERATOR OUTLOOK Detail not publicly disclosed by operator. 1 Source: Nutrien, 2024 Annual Information Form 2 Converted from K 2 0 using conversion factor of 1.6393 3 AGEOs not calculated for resources as reserves extend for over 40 years Materials Reference Details Portfolio and Outlook Performance Expected Overview Portfolio Our Business Attributes of Introduction 49