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 2025, Royal Gold increased its scholarship funding to six universities and technical programs in the U.S. and Canada, all of which have a deep commitment to STEM excellence and the mining industry. SDG 10 Reduce Inequalities Our scholarships support students studying mining who have also overcome significant barriers to higher education or demonstrate a meaningful commitment to expanding access and opportunity in the mining profession. 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. The University of British Columbia A legacy Sandstorm contribution, Royal Gold will support the University’s Faculty of Applied Science Female Scholars at Risk Initiative until 2027. 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 $25,000. Royal Gold is continuing to explore potential expanded scholarship opportunities with the Colorado School of Mines. INTRODUCTION ABOUT ROYAL GOLD GOVERNANCE OUR PEOPLE OPERATORS AND COMMUNITIES INVESTMENT STEWARDSHIP APPENDICES Royal Gold | 2025-2026 Investment Stewardship Report 53 CAYLA MARSHALL, INDUSTRIAL MAINTENANCE STUDENT AT GREAT BASIN COLLEGE “Growing up in Maine, I watched my grandfather build and fix things, which was an impactful experience. Over time, I realized I wanted a career where I could something similar: working with my hands, solving problems, and creating things. When I moved to Nevada in 2024, I saw it as the perfect opportunity to find a path in the mining industry. That’s when I found the Industrial Maintenance program at Great Basin College. I enjoy learning how things operate, troubleshooting challenges, and constantly building new skills. My goal is to grow in this field and eventually become an instructor, where I can help inspire more girls and women to pursue careers in a traditionally male- dominated industry. Representation matters—and I want to be part of showing that women can not only succeed in these roles, but lead in them.” CHARLIE WALLIS, MINING ENGINEERING STUDENT AT COLORADO SCHOOL OF MINES “At CSM, I have embraced being a part of the mining community, and what has stood out most is how inclusive and supportive everyone is. People are genuinely excited to share what they know about mining and help others grow. I am a member of the Mine Rescue Team and the Mines Mining Team. In five years, I see myself working as a mining engineer, gaining hands-on experience under the guidance of highly respected professionals in the field. I want to be involved in surface mining operations, developing my understanding of public relations, safety standards, and environmental regulations. I plan to contribute meaningfully to every project I'm part of, applying the skills and knowledge I've built at Mines while continuing to grow as an engineer.”