Future Leaders in Responsible Mining Scholarship Educating the industry’s next generation of mining leaders is a priority for Royal Gold, and we are committed to funding scholarships that support mining-related education. We recognize our responsibility to contribute to resource development in our sector, especially given that we expect workforce shortages to increase over time. SDG 4 Quality Education: In 2024, Royal Gold continued to increase its scholarship funds to five colleges, universities and technical programs in the U.S. that have a deep commitment to STEM excellence and the mining industry. In 2025, Royal Gold aims to expand our scholarship program to include international schools. SDG 10 Reduce Inequalities: All of our scholarships support students studying mining who have also demonstrated a commitment to promoting the advancement of women in mining and/or a commitment to working with underrepresented communities. The University of Nevada, Reno Foundation Established in 2023, the Royal Gold Scholarship of $25,000 supports students pursuing an undergraduate degree in the Mackay School of Earth Sciences and Engineering. Great Basin College Foundation The $25,000 Royal Gold Scholarship, which was established in 2023, is awarded annually to selected students seeking education in the diesel, welding, industrial maintenance, electrical, instrumentation, and machinist technology programs (together, the Career and Technical Education Program). Montana Technological (Montana Tech) University Foundation Royal Gold has a $30,000 annual scholarship at Montana Tech to support students majoring in mining engineering or metallurgical and materials engineering. South Dakota Mines Center for Alumni Relations and Advancement Royal Gold has a $30,000 annual scholarship at South Dakota Mines that support students majoring in mining engineering. Colorado School of Mines Foundation The Royal Gold Scholarship was established at the Colorado School of Mines in 2022 to provide financial aid to enrolled undergraduate students pursuing a degree in mining engineering. Total annual funding for this scholarship is $20,000. Royal Gold is continuing to explore potential expanded scholarship opportunities with the Colorado School of Mines. MINING ENGINEERING STUDENT, JORDAN NIGGEMYER Jordan was a Royal Gold Montana Tech University Scholarship recipient for the 2023-2024 academic school year. Jordan is a natural leader who has a very strong interest in mine reclamation and closure due to growing up in a coal mining area of West Virginia. She has become involved in several students clubs and in her second semester has taken over as the President of our Women in Mining (WIM) student chapter. Jordan will be returning to West Virginia this summer for an internship in her hometown. ROYAL GOLD Introduction About Royal Gold Governance Our People Operators and Communities Investment Stewardship Appendices 2024 Investment Stewardship Report 54 METALLURGICAL ENGINEERING STUDENT, ASH THOMPSON Ash Thompson is a Royal Gold University of Nevada Scholarship recipient majoring in metallurgical engineering and minoring in math, mining, and geology with a focus in geometallurgical studies. “I have had several internships throughout my time at university, all of which have solidified my love for the mining industry, especially metallurgy. After graduation, I already have my full-time position lined up as a Metallurgist One with Nevada Gold Mines. I am thankful to have received the Royal Gold Scholarship as an aid in my academic career so I can achieve my goals of becoming an industry professional!”