<SEC-DOCUMENT>0001558370-25-006178.txt : 20250502
<SEC-HEADER>0001558370-25-006178.hdr.sgml : 20250502
<ACCEPTANCE-DATETIME>20250502140951
ACCESSION NUMBER:		0001558370-25-006178
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20250502
FILED AS OF DATE:		20250502
DATE AS OF CHANGE:		20250502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			FRANCO NEVADA Corp
		CENTRAL INDEX KEY:			0001456346
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			Z4
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35286
		FILM NUMBER:		25907390

	BUSINESS ADDRESS:	
		STREET 1:		199 BAY STREET, SUITE 2000
		STREET 2:		COMMERCE COURT WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5L 1G9
		BUSINESS PHONE:		416-306-6317

	MAIL ADDRESS:	
		STREET 1:		199 BAY STREET, SUITE 2000
		STREET 2:		COMMERCE COURT WEST
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5L 1G9
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>fnv-20250502x6k.htm
<DESCRIPTION>6-K
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  10.10.0.134--><!--Created on: 5/2/2025 05:29:04 PM (UTC)--><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:1pt;line-height:1.19;padding-bottom:1pt;padding-top:1pt;border-bottom:1.0pt solid #000000;border-top:3.0pt solid #000000;margin:0pt;">+</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">UNITED STATES</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Washington, D.C. 20549</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">FORM&#160;6-K</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">PURSUANT TO RULE&#160;13a-16 OR 15d-16 UNDER THE </b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:12pt;font-weight:bold;">SECURITIES EXCHANGE ACT OF 1934</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">For the month of May 2025</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">Commission File Number 001-35286</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-size:18pt;font-weight:bold;">FRANCO-NEVADA CORPORATION</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">(Translation of registrant&#8217;s name into English)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">199 Bay Street, Suite&#160;2000, P.O.&#160;Box 285, Commerce Court Postal Station, Toronto, Ontario, Canada M5L 1G9</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">(Address of principal executive offices)</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">Indicate by check mark whether the registrant files or will file annual reports under cover of Form&#160;20-F or Form&#160;40-F</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">Form&#160;20-F&#160;&#160;&#160;<font style="font-family:'Segoe UI Symbol';">&#9744;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;">Form&#160;40-F&#160;&#160;&#160;<font style="font-family:'Segoe UI Symbol';">&#9746;</font></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-bottom:1pt;padding-top:1pt;border-bottom:3.0pt solid #000000;border-top:1.0pt solid #000000;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="display:none;font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:0pt;margin:0pt;"><font style="font-size:0pt;line-height:1.19;visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">INDEX TO EXHIBITS</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:top;width:5.99%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:94%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:top;width:5.99%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">99.1</p></td><td style="vertical-align:top;width:94%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><a style="font-family:&quot;'Times New Roman','Times','serif'&quot;;" href="fnv-20250502xex99d1.htm"><font style="font-family:'Times New Roman','Times','serif';font-style:normal;font-weight:normal;">News Release dated May 2, 2025 &#8212; Franco-Nevada Launches 2025 Asset Handbook and Sustainability Report</font></a></p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.37;margin:0pt 0pt 10pt 0pt;"><font style="font-weight:bold;line-height:1.19;margin-bottom:0pt;visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:27.35pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">2</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:0pt;"><b style="font-weight:bold;">SIGNATURE</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;table-layout:auto;width:100%;" align="center"><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><b style="font-weight:bold;">FRANCO-NEVADA CORPORATION</b></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">/s/ Lloyd Hong</p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;padding-left:7.2pt;text-indent:-7.2pt;margin:0pt;">Date: May 2, 2025</p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Lloyd Hong</p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;">Chief Legal Officer&#160;&amp; Corporate Secretary</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;display:table;margin-bottom:27.35pt;min-height:36pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;line-height:1.19;text-align:center;margin:24pt 0pt 0pt 0pt;">3</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>fnv-20250502xex99d1.htm
<DESCRIPTION>EX-99.1
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  10.10.0.134--><!--Created on: 5/2/2025 05:29:05 PM (UTC)--><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:4.47%;padding-right:3.68%;position:relative;"><div style="margin-top:6.5pt;min-height:33.1pt;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;text-align:right;margin:0pt;"><b style="font-weight:bold;">Exhibit 99.1&#160;&#160;</b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt;"><font style="font-weight:bold;visibility:hidden;">&#8203;</font></p><div style="margin-left:0pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;table-layout:fixed;width:100%;"><tr style="height:1pt;"><td style="vertical-align:top;width:49.99%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr style="height:28.2pt;"><td style="vertical-align:bottom;width:49.99%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 5pt 21.6pt;"><img src="fnv-20250502xex99d1001.jpg" alt="Graphic" style="display:inline-block;height:14.24pt;left:0%;padding-bottom:0pt;position:relative;top:0pt;width:80.98pt;"></p></td><td rowspan="2" style="vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-align:right;margin:0pt;"><img src="fnv-20250502xex99d1002.jpg" alt="Graphic" style="display:inline-block;height:68.24pt;left:0%;padding-bottom:0pt;position:relative;top:0pt;width:80.98pt;"></p></td></tr><tr style="height:28.15pt;"><td style="vertical-align:top;width:49.99%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 21.6pt;"><b style="color:#8b724a;font-family:'Franklin Gothic Book';font-size:18pt;font-weight:bold;letter-spacing:5pt;">NEWS RELEASE</b></p></td><td style="display:none;vertical-align:top;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;text-align:right;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><b style="color:#17365d;font-weight:bold;">NEWS RELEASE</b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 0pt 22.3pt;"><font style="color:#17365d;">Toronto, May 2, 2025</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><i style="color:#17365d;font-style:italic;">(in U.S. dollars unless otherwise noted)</i></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><a name="_Hlk69059019"></a><font style="color:#17365d;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><a name="_Hlk69058781"></a><b style="color:#17365d;font-size:19pt;font-weight:bold;">Franco-Nevada Launches 2025 Asset Handbook and Sustainability Report</b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.3pt;"><font style="color:#17365d;">Franco-Nevada Corporation (&#8220;Franco-Nevada&#8221; or the &#8220;Company&#8221;) (TSX:FNV) (NYSE:FNV) announces the publication of its 2025 Asset Handbook and 2025 Sustainability Report. &#8220;Our Asset Handbook is a comprehensive review of our assets that highlights the breadth and diversity of our portfolio and the tremendous exposure we have to the resource optionality of many of the world&#8217;s best mineral trends,&#8221; said Paul Brink, President &amp; CEO. &#8220;We are proud to report on our leading approach to sustainability, programs and commitments and to provide a detailed review of our portfolio of assets with the release of our Sustainability Report.&#8221;</font><font style="color:#17365d;"> </font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:18pt 0pt 6pt 22.3pt;"><b style="color:#17365d;font-size:12pt;font-weight:bold;">Asset Handbook </b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.3pt;"><font style="color:#17365d;">The 2025 Asset Handbook provides an overview of the portfolio. It describes each of our material assets including their performance to date and outlook. It also provides the underlying Mineral Resources and Mineral Reserves associated with those assets</font><font style="color:#17365d;">.</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Leading gold-focused royalty and streaming company:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Since our 2007 IPO we have achieved compounded annual growth rate of 16% in total shareholder returns</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Growth in annual GEOs of 2.8x and revenue of 7.4x since 2008</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Eighteen consecutive years of dividend increases with approximately $2.5 billion paid</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Largest and most diversified portfolio of cash-flow producing assets:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">119 cash-flow producing assets generated ~$1.0 billion in Adjusted EBITDA in 2024</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Portfolio well diversified by asset, operator, geography and commodity, with no single asset expected to contribute more than 15% of revenue in 2025</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Long-life portfolio with M&amp;I Resource Royalty Ounce Mine Life of 38 years for our mining assets </font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Strong growth outlook:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Growth driven by mine expansions and new mine starts. Long-term optionality in gold, copper and nickel and exposure to approximately 70,500km</font><sup style="color:#17365d;font-family:'Franklin Gothic Book';font-size:7.5pt;font-style:normal;font-weight:normal;vertical-align:top;">2</sup><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;"> on some of the world&#8217;s great mineral trends</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">No debt, $1.7 billion in available capital and a strong pipeline of precious metal opportunities</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:18pt 0pt 6pt 22.3pt;"><b style="color:#17365d;font-size:12pt;font-weight:bold;">Sustainability Report</b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.3pt;"><font style="color:#17365d;">Our 2025 Sustainability Report outlines our accomplishments in 2024 and our commitments to further our ESG leadership. Highlights of the report include:</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Responsible Capital Allocation:</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.5pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Continue to monitor the performance of our major assets in the categories of health and safety, carbon footprint, water management and risk, tailings management, and biodiversity</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Community and Industry Contributions:</font></p><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.5pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Increased year-over-year funding of community contributions in partnership with operators and continued support for mining industry organizations and diversity initiatives</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Good Governance and Shareholder Alignment:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">One of Corporate Knights&#8217; Best 50 Corporate Citizens in Canada in 2024 and third-</font><font style="color:#17375e;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">ranked mining company in The Globe and Mail&#8217;s 2024 Board Games</font></td></tr></table></div><div style="clear:both;margin-bottom:6.5pt;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:4.47%;margin-right:3.68%;margin-top:30pt;page-break-after:always;width:91.85%;border-width:0;"><div style="max-width:100%;padding-left:4.47%;padding-right:3.68%;position:relative;"><div style="margin-top:6.5pt;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">High level of Board and management share ownership, totalling over C$200 million</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Diversity, Inclusion and Well-Being:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;line-height:1.27;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Welcomed a new diverse director to our Board</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Growth of the Franco-Nevada Diversity Scholarship program</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Climate Action:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;line-height:1.27;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">First year measuring against our emission reduction targets for our corporate emissions adopted in 2024 </font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;">Transparency and Recognition:</font></p><div style="margin-top:6pt;"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:6pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.3pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17375e;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Alignment of ESG reporting with leading reporting standards and frameworks, including SASB, GRI and transitioning </font><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">from TCFD to</font><font style="color:#17375e;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;"> reporting in alignment with IFRS Sustainability Disclosure Standards</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Franklin Gothic Book';font-size:10pt;margin-bottom:0pt;margin-top:6pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:40.5pt;"></td><td style="color:#17365d;font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><font style="color:#17375e;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Recognition from rating agencies, including rated &#8220;AA&#8221; by MSCI and Top</font><font style="color:#17365d;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">-</font><font style="color:#17375e;font-family:'Franklin Gothic Book';font-size:10pt;font-style:normal;font-weight:normal;">Rated Gold Company by Sustainalytics, and rated &#8220;Prime&#8221; by ISS ESG</font></td></tr></table><div style="margin-top:6pt;"></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:18pt 0pt 6pt 22.3pt;"><b style="color:#17365d;font-size:12pt;font-weight:bold;">Corporate Summary </b></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:6pt 0pt 6pt 22.3pt;"><font style="color:#17365d;">Franco-Nevada Corporation is the leading gold-focused royalty and streaming company with the largest and most diversified portfolio of cash-flow producing assets. Its business model provides investors with gold price and exploration optionality while limiting exposure to cost inflation. Franco-Nevada uses its free cash flow to expand its portfolio and pay dividends. It trades under the symbol FNV on both the Toronto and New York stock exchanges. Franco-Nevada is the gold investment that works.</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:6pt 0pt 6pt 22.5pt;"><font style="color:#17365d;font-weight:bold;margin-left:0pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:6pt 0pt 6pt 22.5pt;"><b style="color:#17365d;font-weight:bold;">For more information, please go to our website at </b><b style="color:#17365d;font-weight:bold;text-decoration-line:underline;text-decoration-style:solid;">www.franco-nevada.com</b><b style="color:#17365d;font-weight:bold;"> or contact:</b></p><div style="padding-left:9pt;" align="left"><table style="border-collapse:collapse;font-size:16pt;height:max-content;padding-left:0pt;padding-right:0pt;width:98.38%;"><tr style="height:1pt;"><td colspan="2" style="vertical-align:top;width:29.95%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></div></div></td><td colspan="3" style="vertical-align:top;width:28.26%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></div></div></td><td colspan="2" style="vertical-align:top;width:20.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:top;width:20.89%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="position:absolute;top:0pt;width:100%;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 13.65pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';">Candida Hayden</font></p></td><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 13.65pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';">Senior Analyst, Investor Relations</font></p></td><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 13.65pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';">416-306-6323</font></p></td><td colspan="3" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="2" style="vertical-align:top;width:33.33%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 0pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:top;width:26.37%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 6pt 13.65pt;"><u style="color:#17365d;font-family:'Franklin Gothic Book';text-decoration-line:underline;text-decoration-style:solid;">info@franco-nevada.com</u></p></td><td colspan="3" style="vertical-align:top;width:26.36%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td colspan="3" style="vertical-align:top;width:26.37%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:top;width:20.89%;margin:0pt;padding:0pt;"><p style="font-family:'Arial','Helvetica','sans-serif';font-size:10pt;margin:0pt 0pt 6pt 22.5pt;"><font style="color:#17365d;font-family:'Franklin Gothic Book';margin-left:0pt;visibility:hidden;">&#8203;</font></p></td></tr></table></div><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:12pt 0pt 6pt 0pt;"><font style="color:#17365d;font-size:1pt;visibility:hidden;">&#8203;</font></p><p style="font-family:'Franklin Gothic Book';font-size:10pt;text-indent:22.3pt;margin:6pt 0pt 6pt 0pt;"><b style="color:#17365d;font-size:12pt;font-weight:bold;">Forward-</b><b style="color:#17365d;font-size:12pt;font-weight:bold;">Looking</b><b style="color:#17365d;font-size:12pt;font-weight:bold;"> Statements</b></p><p style="font-family:'Franklin Gothic Book';font-size:8pt;margin:6pt 0pt 0pt 22.3pt;"><i style="color:#17365d;font-size:8.5pt;font-style:italic;">This press release contains &#8220;forward-looking information&#8221; and &#8220;forward-looking statements&#8221; within the meaning of applicable Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995, respectively, which may include, but are not limited to, statements with respect to future events or future performance, management&#8217;s expectations regarding Franco-Nevada&#8217;s growth, results of operations, estimated future revenues, performance guidance, carrying value of assets, future dividends and requirements for additional capital, mineral resources and mineral reserves estimates, production estimates, production costs and revenue, future demand for and prices of commodities, expected mining sequences, business prospects and opportunities, the performance and plans of third party operators, audits being conducted by the Canada Revenue Agency (&#8220;CRA&#8221;), the expected exposure for current and future tax assessments and available remedies, and statements with respect to the future status and any potential restart of the Cobre Panama mine and related arbitration proceedings. In addition, statements relating to mineral resources and mineral reserves, GEOs or mine lives are forward-looking statements, as they involve implied assessment, based on certain estimates and assumptions, and no assurance can be given that the estimates and assumptions are accurate and that such mineral resources and mineral reserves, GEOs or mine lives will be realized. Such forward-looking statements reflect management&#8217;s current beliefs and are based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budgets&#8221;, &#8220;potential for&#8221;, &#8220;scheduled&#8221;, &#8220;estimates&#8221;, &#8220;forecasts&#8221;, &#8220;predicts&#8221;, &#8220;projects&#8221;, &#8220;intends&#8221;, &#8220;targets&#8221;, &#8220;aims&#8221;, &#8220;anticipates&#8221; or &#8220;believes&#8221; or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions &#8220;may&#8221;, &#8220;could&#8221;, &#8220;should&#8221;, &#8220;would&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Franco-Nevada to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. A number of factors could cause actual events or results to differ materially from any forward-looking statement, including, without limitation: fluctuations in the prices of the primary commodities that drive royalty and stream revenue (gold, platinum group metals, copper, nickel, uranium, silver, iron-ore and oil and gas); fluctuations in the value of the Canadian and Australian dollar, Mexican peso and any other currency in which revenue is generated, relative to the U.S. dollar; changes in national and local government legislation, including permitting and licensing regimes and taxation policies and the enforcement thereof; proposed tariff and other trade measures that may be imposed by the United States and proposed retaliatory measures that may be adopted by its trading partners; the adoption of a global minimum tax on corporations; regulatory, political or economic developments in any of the countries where properties in which Franco-Nevada holds a royalty, stream or other interest are located or through which they are held; risks related to the operators of the properties in which Franco-Nevada holds a royalty, stream or other interest, including changes in the ownership and control of such operators; relinquishment or sale of mineral properties; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Franco-Nevada; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Franco-Nevada holds a royalty, stream or other interest; whether or not the Company is determined to have &#8220;passive foreign investment company&#8221; (&#8220;PFIC&#8221;) status as defined in Section 1297 of the United States Internal Revenue Code of 1986, as amended; potential changes in Canadian tax treatment of offshore streams; excessive cost escalation as well as development, permitting, infrastructure, operating or technical difficulties on any of the properties in which Franco-Nevada holds a royalty, stream or other interest; access to sufficient pipeline capacity; actual mineral content may differ from the mineral resources and mineral reserves contained in technical reports; rate and timing of production differences from resource estimates, other technical reports and mine plans; risks and hazards associated with the business of development and mining on any of the properties in which Franco-Nevada holds a royalty, stream or other interest, including, but not limited to unusual or unexpected geological and </i></p></div><div style="clear:both;display:table;margin-bottom:6.5pt;min-height:4.3pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;text-align:right;margin:0pt 0pt 12pt 0pt;">2</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:4.47%;margin-right:3.68%;margin-top:30pt;page-break-after:always;width:91.85%;border-width:0;"><div style="max-width:100%;padding-left:4.47%;padding-right:3.68%;position:relative;"><div style="margin-top:6.5pt;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Franklin Gothic Book';font-size:8pt;margin:0pt 0pt 6pt 22.3pt;"><i style="color:#17365d;font-size:8.5pt;font-style:italic;">metallurgical conditions, slope failures or cave-ins, sinkholes, flooding and other natural disasters, terrorism, civil unrest or an outbreak of contagious disease; the impact of future pandemics; and the integration of acquired assets. The forward-looking statements contained herein are based upon assumptions management believes to be reasonable, including, without limitation: the ongoing operation of the properties in which Franco-Nevada holds a royalty, stream or other interest by the owners or operators of such properties in a manner consistent with past practice; the accuracy of public statements and disclosures made by the owners or operators of such underlying properties; no material adverse change in the market price of the commodities that underlie the asset portfolio; the Company&#8217;s ongoing income and assets relating to determination of its PFIC status; no material changes to existing tax treatment; the expected application of tax laws and regulations by taxation authorities; the expected assessment and outcome of any audit by any taxation authority; no adverse development in respect of any significant property in which Franco-Nevada holds a royalty, stream or other interest; the accuracy of publicly disclosed expectations for the development of underlying properties that are not yet in production; integration of acquired assets; and the absence of any other factors that could cause actions, events or results to differ from those anticipated, estimated or intended. However, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Investors are cautioned that forward-looking statements are not guarantees of future performance. In addition, there can be no assurance as to (i) the outcome of the ongoing audit by the CRA or the Company&#8217;s exposure as a result thereof, or (ii) the future status and any potential restart of the Cobre Panama mine or the outcome of any related arbitration proceedings. Franco-Nevada cannot assure investors that actual results will be consistent with these forward-looking statements. Accordingly, investors should not place undue reliance on forward-looking statements due to the inherent uncertainty therein.</i></p><p style="font-family:'Franklin Gothic Book';font-size:8pt;margin:6pt 0pt 6pt 22.3pt;"><i style="color:#17365d;font-size:8.5pt;font-style:italic;">For additional information with respect to risks, uncertainties and assumptions, please refer to Franco-Nevada&#8217;s most recent Annual Information Form as well as Franco-Nevada&#8217;s most recent Management&#8217;s Discussion and Analysis filed with the Canadian securities regulatory authorities on www.sedarplus.com and Franco-Nevada&#8217;s most recent Annual Report filed on Form 40-F filed with the SEC on www.sec.gov. The forward-looking statements herein are made as of the date hereof only and Franco-Nevada does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law.</i></p></div><div style="clear:both;display:table;margin-bottom:6.5pt;min-height:4.3pt;width:100%;"><div style="display:table-cell;vertical-align:bottom;width:100%;"><p style="font-family:'Franklin Gothic Book';font-size:10pt;text-align:right;margin:0pt 0pt 12pt 0pt;">3</p></div></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:4.47%;margin-right:3.68%;margin-top:30pt;page-break-after:avoid;width:91.85%;border-width:0;"></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>fnv-20250502xex99d1001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fnv-20250502xex99d1001.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1"  3 &P# 2(  A$! Q$!_\0
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.;&8(S@8&4' HHH __]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>fnv-20250502xex99d1002.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 fnv-20250502xex99d1002.jpg
M_]C_X  02D9)1@ ! @   0 !  #_VP!#  ," @," @,# P,$ P,$!0@%!00$
M!0H'!P8(# H,# L*"PL-#A(0#0X1#@L+$!80$1,4%145# \7&!84&!(4%13_
MVP!# 0,$! 4$!0D%!0D4#0L-%!04%!04%!04%!04%!04%!04%!04%!04%!04
M%!04%!04%!04%!04%!04%!04%!04%!3_P  1" !; &P# 2(  A$! Q$!_\0
M'P   04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%
M! 0   %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$!
M 0$! 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $"
M Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#]4**** "B
MBF331V\3RRNL<:#+.QP *-M6 ^BO%_%?[0$UUJKZ'X#T>7Q+JPX,J@^3'[D^
MGN2!6,?A9\7?' \[Q#XZ3P]$_/V+2UW%?8D8'ZFO'>91G)QPT'4:ZK;[WH=R
MPC2YJLE'UW^Y'T%@TE?/!_9:O#.8U^*GB,7P7S,"3MG&<;LXS39?AI\:O 0\
M_P -^.HO%$$?/V#5X^6'H"<_S%'UW$1UJ8=V\FG^ _J])Z1JJ_FFCZ)HKPOP
M5^TY#_;4?ASX@Z/+X+U]CL22?/V68^SG[N??CWKW-6#*&4AE(R".A%=V'Q-+
M$QYJ3OW[KU1S5:,Z+M-"T445U&(4444 %%%% ",P12S$*H&23T KQ#Q5J6J_
M&;Q*_AK19WLO#]L<WMZO\0]!ZD]A7;?%WQ#)I'AP6EL2+J^;REV]=O?\^!6O
MX \)Q>#_  W;V:H/M+CS;A\<M(>OY=/PKP<5S8[$?4XNT(J\_.^T?GN_([Z5
MJ%/VS^)Z+]63^$/!>D>!M)33](M$MH1]]\9>4_WG;J36Y1BLOQ3K*>'O#VH:
MBYP+>%F'UQQ^M>O^[P]+16C%?<D<GO59ZZMGAL'Q-=OVHS;^:?[+D@.C@9^7
M?]\'_OOC\:^AJ^#G,Z:L-35R+Q9_M(?_ &]V[^=?<7A_5H]?T.PU*$YCNH$E
M&.V1R/P/%?)\.YB\8ZT)[WYEZ/\ R_4]?,L.J/(X]K?<8OQ"^&N@_$[0Y=,U
MRR2X1@?+FQ^\B;L5;M7B7PV\8ZW\!O'=M\-_&=V][X>O6VZ%K,Q^X3]V%V/8
M]!Z'V/'TMBO-?V@/AG;_ !,^'E]:E,:A:J;BTF ^9'7G@U[>-H./^UT-)Q_\
MF75/]#BP]5/]S5^%_@^Z/2J*\U_9Y\?3_$'X8Z?<W[9U>Q)L+[/4RQ\;C_O#
M!_$UZ57I4:L:].-6&S5SEJ0=*;A+=!1116QF%%%% 'EWB]?[8^*^AV#_ #10
M!9"OTRW]!71^-O!U]KD#3Z3JUUIMZO(1)F$;_49XKF-<G%C\<=(:3A9XPBY]
M2A']*]5KYO"T*>*>*C5ZS:[/1*VIZ56I*DJ3C_+^I\HZ_K_B[PW?O::AJNHV
MTRGHT[8;W![US^H^,]7U*V>VNM7N[F!_O12S,RGZBOK'Q=X+TOQKIK6>HP!N
M/DF7AXSZ@U\0^-9;;PUXGU#3+:]^W0VTAC$Q&,^U?"YQEF)P#_BN4);:N_HT
M>_@L33Q*^%*2\C2+JQZBMBQ\9Z_IEI':V6M7UM;1C"0Q3LJJ.O !KSZ/7USR
M?R-==\.+2U\9>,=+T>[O&M(+N0H94 +9P2%'H3C&:^<HPK*HH479RTWMN>E/
MEY7*:T1U&@ZG\0?&NH+8:/K6J2R_QR?:G"1#U9L\"OHWX?>!;OPEIKIJNO:A
MXAU"=<337D[/&O\ LHA. /?J:V_#OAG3?">FI8:7:I:VZ]<?><_WF/4FM0=:
M_7LKREX*//7FYS]79>G^;_ ^.Q6,]N^6$;1_$\*^ EN?#WQ*^(6AIQ;M.EVB
M^AR58_CQ7NM>+?";%_\ &'QO?Q\QA!$2/4R$C]!7M-;Y,[X16V3DEZ79&-_C
M>=E^2"BBBO<. **** /$?VE?M?AVUT;Q99(6?39U,F/0'</SY%>N>'-?M/%6
M@:?K%A();.]A6:-@<\$=/J.GX4SQ3X<M/%WA^^TB]0-;W490\?=/8_@:^7_A
M)\0[K]G7Q[<?#?QI(;?P_>3E])U.4_NX78_<+=E;U['ZFO D_J.-<Y?!5MKV
MDO\ -'IQC]9PZC'XH?BG_D?2/Q'\4Q>"_ VM:S*X06ML[*3_ 'L8%?F#'KU_
MXEUS9:PS7NH7TQ\N"%2\CLQZ #J:^[OVG]$U_P")>@:=X*\+^7YFH2K->WLK
M[8+: ?Q,1USS@#DUJ?!#X!^$/@C8+):$:GK\B8N-7N$S(?58Q_ OL.3W)KS\
MQP<\SQ2A>T(=?-ZNW?H=6%KPP='F>LI=#YRNOV5/'VF^"$UMUAEU+'F2:/$V
MZ6./'KT+>H'2O)M*\6WWAC6[>XVR6][8SK+Y;C:RLK9QC\*_3O\ M2V'_+0_
M]\'_  KQWXV?L^^&/BS;R7ENZZ1XA REY'&0LA])!CGZUPXWA^"BIX26JZ-[
M^:\SIPV:-OEQ"T?4];\-Z[;^)_#VFZO:,'MKZWCN$(.>&4'^M9WQ"\5P^"_!
M^I:K,X1HHBL0)QND/"@?CS^%>>_LYR:CX(^'%SX=\6,EE<^'YY$%Q(^(GMC\
MZ.&/;EA[8%>6>+?%UY^U#\3[7PKX>:2+PCILGF7E\!@,H.&?ZG[JC\?6O>KX
M^4<)%Q7[V:LEUOL_N/-IX5.O)/X(ZM^7_!/6OV:-'FA\%W6MW*D3:Q<&92PY
M,:_*I_$[C7KU5M-T^VTK3[:RLXUAM;:-8HHUZ*JC %6:]+!8983#PH+HOQZ_
MB<5>JZU651]0HHHKM,!"<=LU!+*4X).X_P *C)J=FVC-1PR)G:" _<'J:AC1
M7(N9/NPJH]9I"?T%>7?&3X?^&_BAH;Z3KTULTJY\F6W0>9$W;!&3^%>B>('9
MX?*F\R.WW9=H^-Z^F>U4H9=( ?[&8K9FC\O!&TK[JW(S7GXB$:J=*5K>?](Z
M:4G3:FM_(^1])\9?$_\ 9M"Z9J,%UXT\$Q';!/"66ZMT_F0!V/'TKT+P]^UC
MX.\3@+#KALI^\&ISF!E/<<Y%>Y27+VL96"&&12,%6@$BG\4)/YBO,/&?PR^'
M_BMWDU[P'ITTS'YKBW\R!C^2 UXDJ-?#JU.KIV=_S5STE5I57><->Z_R&?\
M"]= 4;CK^G;?[PU$$?RKF/$_[7G@_P +JR#4Y-3N<?+#82[\G_>Z5EM^SW\#
MX7+7&A740_YY_;9ROZ+74>%]*^"O@"5)='\)6GVI/NS-97%U(#[%HVP?I64:
MF(EO6BBW&@MH29Y1<7GQ2_:>N(HYH[GPQX(+ [I495D7UP<&4^G\-?2OPR\
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1%PHY[DG)/XU-1172E8R/_]D!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
