Metalla Royalty & Streaming Ltd (MTA)

METALLA ANNOUNCES NOMINATION OF SANDEEP SINGH TO THE BOARD IN CONNECTION WITH ITS UPCOMING AGMMay 15, 2026 7:30 AM
PR Newswire (Canada) TSXV: MTA
NYSE AMERICAN: MTAVANCOUVER, BC, May 15, 2026 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla") or ("Company") (NYSE American: MTA) (TSXV: MTA) is pleased to announce that the Company has nominated Mr. Sandeep Singh for election to the Company's board of directors in connection with its upcoming annual general meeting of shareholders ("AGM"), to be held on June 23, 2026. Mr. Singh brings two decades of mining and royalty sector experience spanning executive leadership, capital markets, and mergers and acquisitions. He currently serves as the Chief Executive Officer of Western Copper and Gold. Previously, he served as President and Chief Executive Officer of Osisko Gold Royalties, where he led a successful turnaround and positioned the business for renewed growth. Prior to his tenure at Osisko Gold Royalties (now OR Royalties Inc.), Mr. Singh spent fifteen years as an investment banker dedicated to the North American metals and mining sector, holding senior roles at BMO Capital Markets and Dundee Securities before co-founding Maxit Capital, a leading independent advisory firm. Over the course of his career, he has counseled mining companies across the lifecycle on financings and strategic initiatives and has played a central role in many of the sector's most consequential M&A transactions. Mr. Singh holds a Bachelor of Mechanical Engineering from Concordia University and a Masters of Business Administration from the University of Oxford.Lawrence Roulston, Chairman of Metalla, commented, "On behalf of the Board and management team, I am delighted to put forth Sandeep as a nominee director. Sandeep possesses a rare combination of operating leadership in the royalty and streaming sector and deep capital markets expertise that can benefit our Board. We look forward to benefiting from his experience and guidance in this next chapter of the Company's growth."ABOUT THE AGMThe AGM will be held on June 23, 2026, at 10:00 a.m. (Vancouver Time) at Suite 2700 – 1133 Melville Street, in Vancouver, British Columbia.Further details about the AGM are disclosed in the Company's management information circular, which has been posted on the Company's website (https://www.metallaroyalty.com/investors/agm/), and under the Company's profile on www.sedarplus.ca.ABOUT METALLAMetalla was created to provide shareholders with leveraged precious and strategic metal exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating assets, combined with an experienced team, provides Metalla a path to become one of the leading royalty companies.For further information, please visit our website at www.metallaroyalty.com.ON BEHALF OF METALLA ROYALTY & STREAMING LTD.(signed) "Brett Heath"
Chief Executive OfficerWebsite: www.metallaroyalty.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the adequacy or accuracy of this release. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTSThis release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") ?within the meaning of applicable securities legislation. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur, or be achieved. Forward-looking statements include, but are not limited to, the AGM will take place as indicated in this news release; that Mr. Singh will be elected at the AGM; Mr. Singh's future contributions to the Company if elected; the expectations generally of Metalla regarding the property owners/operators and the authors of relevant technical reports and studies with respect to the mineral projects in which Metalla has an interest, including without limitation, estimates of mineral resources and mineral reserves and updates thereto, production, mine life, NPV, IRR, costs, drilling, development, permitting, water sourcing, commodity mix and prices, and the timing thereof;? ?future opportunities and acquisitions; ?future exploration, financing, development, production and other anticipated developments on the properties in which the ?Company has or has agreed to acquire an interest; future growth, increased share value, cash generation and returns; and Metalla having a path to becoming a leading gold and silver royalty company. Forward-looking statements and information are based on forecasts of future results, estimates of amounts not yet determinable and assumptions that, while believed by management to be reasonable, are inherently subject to significant business, economic and competitive uncertainties, and contingencies. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause Metalla's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including but not limited to: that the AGM will not take place; the absence of control over mining operations from which Metalla will purchase precious metals or from which it will receive stream or royalty payments and risks related to those mining operations, including risks related to international operations, government and environmental regulation, delays in mine construction and operations, actual results of mining and current exploration activities, conclusions of economic evaluations and changes in project parameters as plans are refined; problems related to the ability to market precious metals or other metals; industry conditions, including commodity price fluctuations, interest and exchange rate fluctuations; interpretation by government entities of tax laws or the implementation of new tax laws; regulatory, political or economic developments in any of the countries where properties in which Metalla 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 Metalla holds a royalty or stream or other interest, including changes in the ownership and control of such operators; risks related to global pandemics; influence of macroeconomic developments; business opportunities that become available to, or are pursued by Metalla; reduced access to debt and equity capital; litigation; title, permit or license disputes related to interests on any of the properties in which Metalla holds a royalty, stream or other interest; the volatility of the stock market; competition; future sales or issuances of debt or equity securities; use of proceeds; dividend policy and future payment of dividends; liquidity; market for securities; enforcement of civil judgments; and risks relating to Metalla potentially being a passive foreign investment company within the meaning of U.S. federal tax laws; and the other risks and uncertainties disclosed under the heading "Risk Factors" in the Company's most recent annual information form, annual report on Form 40-F and other documents filed with or submitted to the Canadian securities regulatory authorities on the SEDAR+ website at www.sedarplus.ca and the U.S. Securities and Exchange Commission on the EDGAR website at www.sec.gov. Metalla undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/metalla-announces-nomination-of-sandeep-singh-to-the-board-in-connection-with-its-upcoming-agm-302773302.htmlSOURCE Metalla Royalty & Streaming Ltd. Original: METALLA ANNOUNCES NOMINATION OF SANDEEP SINGH TO THE BOARD IN CONNECTION WITH ITS UPCOMING AGM

METALLA REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2026 AND PROVIDES ASSET UPDATESMay 14, 2026 4:30 PM
PR Newswire (US) (All dollar amounts are in thousands of United States dollars unless otherwise indicated, except for shares, per ounce, and per share amounts)TSXV: MTA
NYSE American: MTAVANCOUVER, BC, May 14, 2026 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its operating and financial results for the three months ended March 31, 2026. For complete details of the condensed interim consolidated financial statements and accompanying management's discussion and analysis for the three months ended March 31, 2026, please see the Company's filings on SEDAR+ (www.sedarplus.ca) or EDGAR (www.sec.gov). Shareholders are encouraged to visit the Company's website at www.metallaroyalty.com. Brett Heath, CEO of Metalla, commented, "The first quarter of 2026 represents a step-change in cash flow and long-term value for Metalla shareholders. We delivered Adjusted EBITDA of $1.9 million, a 115% increase over the prior-year period, and returned to net income on revenue of $3.1 million, with our six producing royalties generating an operating cash margin of $4,848 per GEO. For 2026, we expect production to be weighted to the second half of the year as Tocantinzinho and Wharf advance toward their full-year guidance, La Parrilla and Amalgamated Kirkland contribute their first cash flows, and our cornerstone development assets Côté-Gosselin and Taca Taca continue to advance toward meaningful, value-creating milestones." COMPANY HIGHLIGHTSKey Company highlights during the three months ended March 31, 2026, and subsequent period include:Recognized revenue from royalty and stream interests, including fixed royalty payments, of $3.1 million which represented a 78% increase compared to $1.7 million for the three months ended March 31, 2025; net income of $0.1 million, compared to a net loss of $0.7 million for the three months ended March 31, 2025; and Adjusted EBITDA of $1.9 million representing an increase of 115% compared to Adjusted EBITDA of $0.9 million for the three months ended March 31, 2025 (see Non-IFRS Financial Measures);Received or accrued payments on 660 attributable Gold Equivalent Ounces ("GEOs") at an average realized price of $4,871 per attributable GEO (see Non-IFRS Financial Measures);On May 5, 2026, IAMGOLD Corp. ("IAMGOLD") reported it plans to release an updated technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") in the fourth quarter of 2026 that is expected to outline a larger scale Côté gold mine with a conceptual mine plan including both the Côté and Gosselin zones. IAMGOLD also stated that results from the 2025 Gosselin drilling program will be included in an updated Mineral Reserve and Mineral Resource estimate for Côté gold expected in the second quarter of 2026; On April 30, 2026, Agnico Eagle Mines Ltd. ("Agnico") announced milling from Amalgamated Kirkland ("AK") is expected to start in the second quarter of 2026, and on February 26, 2026, Silver Storm Mining Ltd. ("Silver Storm") announced production at La Parrilla was expected to start in the second quarter of 2026 (See Asset Updates). Metalla expects to receive initial cash flows from both AK and La Parrilla during the 2026 fiscal year, potentially as early as the second quarter of 2026; and February 19, 2026, First Quantum Minerals Ltd. ("First Quantum") announced the filing of an updated technical report for the Taca Taca project prepared in accordance with NI 43-101 with an effective date of December 31, 2025. The findings of the technical report support the development of Taca Taca as an open pit mine with an initial mine life of 35 years, initial processing capacity of 40 Mtpa with an expansion to 60 Mtpa in the fifth year of operations, and average annual production of 291 kt of copper and 133 koz of gold in the first ten years. Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,429 kt of copper and 5,532 koz gold, and Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,716 kt of copper and 5,715 koz gold.Key operating and financial metrics for the Company include:

Three months

ended

March 31, 2026Revenue from royalty interests(1)
$               3,064Net income
$                  111Adjusted EBITDA(2)
$               1,863Total attributable GEOs(2)
660Average realized price per attributable GEO(2)  
$               4,871(1)  Includes fixed royalty payments.(2) For the methodology used to calculate these measures including GEOs see Non-IFRS Financial Measures.ASSET UPDATESBelow are updates during the three months ended March 31, 2026, and subsequent period to certain of the Company's assets, based on information publicly filed by the applicable project owner:Producing AssetsTocantinzinhoOn April 21, 2026, G Mining Ventures Corp. ("G Mining") announced gold production of 31,846 oz and gold sales of 33,776 oz at Tocantinzinho during the first quarter of 2026. G Mining also maintained its 2026 production guidance of 160–190 koz of gold with production expected to be weighted towards the second half of the year with approximately 62% of production expected in the second half of the year as higher-grade mineralization becomes available in accordance with the mine plan.On March 12, 2026, G Mining provided its year-end Mineral Reserves and Resources at Tocantinzinho which consisted of Proven and Probable Reserves of 1.87 Moz of gold at a grade of 1.17 g/t contained in 49,784 kt, and Measured and Indicated Resources of 1.92 Moz gold at a grade of 1.25 g/t within 47,665 kt. G Mining also stated the 2026 exploration budget for Tocantinzinho is set at $8-10 million with the intent of discovering the next deposit within the Tocantinzinho land package.Metalla accrued 253 GEOs from Tocantinzinho for the first quarter of 2026.Metalla holds a 0.75% GVR royalty on Tocantinzinho.WharfOn May 6, 2026, Coeur Mining, Inc. ("Coeur") reported first quarter gold production of 9.8 koz at Wharf. Production for the quarter was lower than the previous quarter due to the impact of fire damage to portions of the tertiary crusher which occurred in November 2025. Crushing during the period was completed via a temporary mobile crusher, with a second temporary crusher added early in the second quarter. Coeur reported that commissioning of the repaired crusher was now complete and is expected to allow a return to normal crushing and placement rates for the balance of 2026. Exploration expenditures during the first quarter were $3 million, exploration in 2026 is expected to build on the 2025 expansion and infill drilling at Juno and North Foley with the aim of adding to both Reserves and Resources. Other targets, including Annie Creek and Summit Flat, are also expected to undergo expansion and infill drilling, while scout drilling is expected to commence to continue development of the inferred pipeline. Coeur also reiterated its previous guidance for 2026 of 72-90 koz gold production and $10-$12 million on exploration expenses.On February 17, 2026, Coeur announced an updated NI 43-101 compliant technical report for Wharf that nearly doubled the mine life to approximately 12 years. Proven and Probable Mineral Reserves at Wharf increased by 65% to 1.25 Moz of gold at a grade of 0.71 g/t, contained within 55.1 Mt, and Measured and Indicated Resources of 1.19 Moz gold at a grade of 0.6 g/t, contained within 61.8 Mt. Coeur stated that Wharf remains positioned for additional meaningful mine life extensions, with a total Inferred resource estimate of 72.9 Mt at 0.63 g/t for 1.49 Moz gold.Metalla accrued 115 GEOs from Wharf for the first quarter of 2026.Metalla holds a 1.0% GVR royalty on the gold produced at Wharf mine.AranzazuOn April 10, 2026, Aura Minerals Inc. ("Aura") reported first quarter production from Aranzazu of 15,694 GEOs (as defined by Aura), marking a 17% decrease over the fourth quarter of 2025, resulting mainly from metal prices as higher gold and silver prices negatively impacted the conversion to GEOs (as defined by Aura). Aura stated that the results were in line with their mine plan and expects production to increase in the back half of the year.Metalla accrued 133 GEOs from Aranzazu for the first quarter of 2026.Metalla holds a 1.0% NSR royalty on Aranzazu.EndeavorOn April 14, 2026, Polymetals Resources Ltd. ("Polymetals") reported silver production of 547,302 oz, zinc production of 1,917 kt, and lead production of 1,148 kt in the first quarter of 2026. A total of 59,264 tonnes were mined and processed from the Main Lode in January and February, with mill maintenance conducted in March. Access development to higher-grade Main Lode stopes was advanced during the quarter with planned production in the June quarter. Polymetals also reported that it expects continuous mining of the Upper North Lode ("UNL") at a rate of 20,000 tonnes per month for at least 18 months from May 2026.On March 9, 2026, Polymetals reported that mining of high-grade silver ore from the UNL at the Endeavor mine commenced in February, with stoping now underway and about 11,000 tonnes mined to date. Polymetals also stated that, given the exceptional value of the UNL material, it plans to undertake a trial shipment of 30,000 tonnes of ore directly to a smelter to take advantage of highly attractive smelter terms and strong demand for silver. Direct shipment of ore has the potential to enhance realized metal value relative to concentrate production.Metalla accrued 57 GEOs from Endeavor for the first quarter of 2026.Metalla holds a 4.0% NSR royalty on lead, zinc and silver produced from Endeavor.La GuitarraOn April 29, 2026, Sierra Madre Gold and Silver Ltd. ("Sierra Madre") reported the first stage of the La Guitarra production expansion is expected to come on-line in Q2 2026 with a meaningful reduction of unit costs as throughputs increase from the 500 tpd to 750-800 tpd.On February 17, 2026, Sierra Madre provided an update on the planned expansion of the La Guitarra processing facility as part of its two-stage expansion at the La Guitarra silver-gold mine complex. Stage one is expected to increase processing capacity from 500 tpd to 750–800 tpd, with plant upgrades, tailings handling improvements, and equipment purchases already underway. Stage two is expected to increase processing capacity to 1,200–1,500 tpd by Q3 2027.Metalla accrued 41 GEOs from La Guitarra for the first quarter of 2026.Metalla holds a 2.0% NSR Royalty on La Guitarra, subject to a 1.0% buyback for $2.0 million. The Company's NSR royalty covers 100% of the Guitarra complex, including the Guitarra, Coloso, and Nazareno mines.La EncantadaOn April 9, 2026, First Majestic Silver Corp. ("First Majestic") reported production of 27 oz of gold from La Encantada in the first quarter of 2026. During the quarter, two surface drill rigs completed 3,229 m of drilling to test several new exploration targets.On February 19, 2026, First Majestic reported that mining contractors were engaged at La Encantada to accelerate development, ore flow and development rates to budget levels during the quarter. One underground rig and one surface rig completed 1,863 meters of drilling on the property to test the La Esquina exploration target.Metalla accrued 30 GEOs from La Encantada for the first quarter of 2026.Metalla holds a 100% GVR royalty on gold produced at the La Encantada mine limited to 1.0 koz annually.Development & Exploration Stage AssetsCôté-GosselinOn May 5, 2026, IAMGOLD reported it plans to release an updated technical report prepared in accordance with NI 43-101 in the fourth quarter of 2026 that is expected to outline a larger scale Côté gold mine with a conceptual mine plan including both the Côté and Gosselin zones. The technical report is expected to envision an expansion of the processing plant from 36,000 tpd to 50,000 - 55,000 tpd, with a mine plan targeting a subset of the combined mineral inventory that currently measures 18.2 million ounces Measured and Indicated Mineral Resources and 2.2 million ounces Inferred Mineral Resources. IAMGOLD also stated that it will publish an updated Mineral Reserve and Mineral Resource estimate for Côté gold in the second quarter of 2026 to incorporate the final infill holes at the end of last year with the goal to further upgrade ounces to Measured and Indicated.IAMGOLD also reported that following the completion of the delineation diamond drilling program in 2025, 2026 activities will include 10,000 m of exploration drilling to test the north and north-east area of the Gosselin zone, of which 4,400 m were drilled in the first quarter. The results of the 2025 Gosselin drilling program will be included in the updated Mineral Reserves and Mineral Resources estimate expected in the second quarter of 2026. The estimate will inform the planned updated technical report which will consider a larger scale Côté gold mine with a conceptual mine plan targeting both the Côté and Gosselin zones.Metalla holds a 1.5% NSR royalty that covers substantially all of the Gosselin Mineral Resource estimate and less than 10% of the Côté Mineral Reserves and Resources estimate in the northeastern portion of the Côté pit. The royalty provides significant leverage to the advancement and potential development of the Gosselin deposit.Taca TacaOn February 19, 2026, First Quantum announced the filing of an updated technical report for the Taca Taca project prepared in accordance with NI 43-101, with an effective date of December 31, 2025. The findings of the technical report support the development of Taca Taca as an open pit mine with an initial processing capacity of 40 Mtpa with an expansion to 60 Mtpa in the fifth year of operations. Highlights of the technical report include:average annual copper production of 291 kt in the first ten years and life-of-mine average annual production of 209 kt;average annual gold production of 133 koz in the first ten years and life-of-mine average annual production of 96 koz;initial mine life of 35 years;pre-stripping and construction activities expected to take approximately 3.5 years;Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,429 kt of copper and 5,532 koz gold; andMeasured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,716 kt of copper and 5,715 koz gold.First Quantum also stated that next steps at Taca Taca include approval of the main permit required for development of the project, the Environmental and Social Impact Assessment ("ESIA"). First Quantum continues to work with the Province of Salta on the ESIA and approval is expected in the first half of 2026. First Quantum will continue to work towards an application to the RIGI regime, an incentive regime for large investments created by the Argentine government.Metalla holds a 0.42% NSR royalty on Taca Taca subject to a buyback based on the amount of Proven Reserves in a feasibility study multiplied by the prevailing market prices of all applicable commodities.Amalgamated Kirkland and North AKOn April 30, 2026, Agnico announced that it had received a permit amendment allowing ore from the AK deposit to be processed at the LZ5 processing facility at LaRonde. Trucking of ore from the AK deposit to the LZ5 facility commenced in April 2026, with milling expected in the second quarter of 2026. Production from the AK deposit is forecast to be approximately 40,000 ounces of gold in 2026.Metalla expects to receive initial cash flows from AK during the 2026 fiscal year and holds a 0.45% NSR royalty on the Amalgamated Kirkland and North AK properties.La ParrillaOn April 21, 2026, Silver Storm reported drill results from the 910 m diamond drilling program at the San Nicolas zone at the La Parrilla mining complex. Highlights included Hole IDP-SN-26-001 that returned 473 g/t AgEq over 3.60 m, including 740 g/t AgEq over 1.65 m and 527 g/t AgEq over 0.90 m, which combined with previously drilled holes confirmed the presence of a high-grade block of mineralization extending at least 90 m above the last mine stopes.   Additionally, holes IDP-SN-26-003 to 005 and EDP-SN-26-001 to 003 have confirmed the extension of the San Nicolas zone more than 85 m at depth below the last mined stopes. Silver Storm has recently added a second underground drill rig to advance the current drilling program more rapidly.On February 26, 2026, Silver Storm reported that rehabilitation plans at La Parrilla were 50% complete with production restart expected in the second quarter of 2026. Work on the primary feed and crushing circuit is nearing completion, while the flotation circuit is advancing toward an increase in nominal processing capacity from 1,000 to 1,250 tonnes per day. Rehabilitation of the oxide circuit is also underway and is expected to be completed early in the second quarter of 2026. Work is also continuing in the milling area, including upgrades to the ball mills and related infrastructure.Metalla expects to receive initial cash flows from La Parrilla during the 2026 fiscal year and holds a 2.0% NSR royalty on La Parrilla.GurupiOn March 12, 2026, G Mining provided year-end Mineral Reserves and Resources at Gurupi which consisted of Indicated Resources of 1.83 Moz gold at a grade of 1.31 g/t within 43,512 kt, and Inferred Resources of 0.77 Moz gold at a grade of 1.29 g/t within 18,518 kt. G Mining also stated the project continues to advance through technical studies with an updated Mineral Resource Estimate and a Preliminary Economic Assessment targeted for the second half of 2026. The 2026 exploration budget at Gurupi totals $21 million, supporting resource definition drilling, resumption of regional exploration, and the advancement of the Environmental and Social Impact Assessment (EISA), which is expected to be filed in the second half of 2026.Metalla holds a 1.0% NSR royalty on the first 500 koz of production, 2.0% NSR royalty on the next 1 Moz, and 1.0% NSR royalty thereafter on Gurupi.WasamacOn April 30, 2026, Agnico announced a potential underground satellite operation with a planned mining rate of approximately 3,200 tpd at Wasamac. Ore is expected to be transported to the Canadian Malartic mill for processing, with average annual gold production expected of 90,000 ounces as early as 2033. In the first quarter of 2026, Agnico stated that they advanced optimization and trade–off studies alongside permitting activities and engagement with stakeholders.Metalla holds a 1.5% NSR royalty on the Wasamac project subject to a buyback of 0.5% for C$7.5 million.Castle MountainOn May 6, 2026, Equinox Gold Corp. ("Equinox") reported in its first quarter MD&A that it expects to release an updated feasibility study for Castle Mountain in the second half of 2026. Equinox stated that it is focused on advancing the engineering work for the Castle Mountain expansion during 2026. An investment decision is expected during the first half of 2027 and is subject to a positive federal permitting decision, the receipt of county and state permits, and approval from its board of directors. Equinox further stated that the draft Environmental Impact Statement (EIS), issued by the Bureau of Land Management, and the draft Environmental Impact Report (EIR) issued by the state lead agency under the California Environmental Quality Act were both published for public comment period of 25 days on April 17, 2026, and their permitting schedule remains on track for issuance of the final EIS and Record Decision during Q4 2026.Metalla holds a 5.0% NSR royalty on the South Domes area of Castle Mountain.Copper WorldOn March 27, 2026, Hudbay Minerals Inc. ("Hudbay") announced the expected completion of the definitive feasibility study for Copper World in mid-2026. Hudbay also stated that it has continued to execute detailed engineering work and other de-risking activities, in preparation for a sanctioning decision expected in 2026.On January 12, 2026, Hudbay announced the closing of a strategic investment from Mitsubishi Corporation for a 30% joint venture ownership interest in Copper World LLC, the entity that holds the Copper World project, for $420 million paid at closing. Hudbay intends to use the proceeds to fund the remaining definitive feasibility study costs and initial project development costs for Copper World. Mitsubishi will contribute an additional $180 million within 18 months and will contribute its pro-rata share of future equity capital contributions to build the Copper World mine.Metalla holds a 0.315% NSR royalty on Copper World with the right of first refusal to acquire an additional 0.360% of the NSR royalty.Del ToroOn April 28, 2026, Sierra Madre announced that the acquisition of Del Toro was approved by a majority of its shareholders at a special meeting of its shareholders held on April 28, 2026, and that closing of the transaction is anticipated to occur in mid-May 2026.Metalla holds a 2.0% NSR royalty on Del Toro.15-MileOn April 29, 2026, St Barbara Limited ("St Barbara") confirmed the outstanding project economics and optimal environmental and social outcomes from the Prefeasibility Study on the 15-Mile Processing Hub project. Production from the project is anticipated to begin in 2030 and is expected to be sourced solely from the four deposits at 15-Mile until year 3 at which time Cochrane Hill ore mining and haulage commences, and with Beaver Dam ore mining and haulage then anticipated to start in Year 4.On January 21, 2026, St Barbara announced the results of the 15-Mile Processing Hub Prefeasibility Study, which outlined strong economics and an average production of 103 Koz of gold per year over an 11-year mine life. The study proposes a central mill and tailings facility at 15-Mile, with ore sourced exclusively from 15-Mile until Year 3 of operations, followed by the addition of Cochrane Hill ore in Year 3 and Beaver Dam ore in Year 4. St Barbara noted that environmental baseline monitoring across the 15-Mile Processing Hub continues to advance, supporting permitting and development. In parallel, stakeholder engagement has progressed, with work underway on the Environmental and Impact Assessment through 2027 alongside the feasibility study. Based on an indicative project development timeline, commissioning and production could potentially be as early as 2030.Metalla holds a 1.0% NSR royalty on the 15-Mile Stream project, and 3.0% NSR royalty on the Plenty and Seloam Brook deposits.DumontOn February 25, 2026, Dumont Nickel LP ("Dumont Nickel") announced its plans for the Dumont project, including: finalizing a financing package with governments, private investors, and industrial partners; concluding offtake agreements for concentrate; launching detailed engineering in the third quarter of 2026; and starting construction in 2027. Dumont Nickel also stated that the Dumont project remains the only North American project recognized by the European Economic Commission, and one of the most advanced in the world in the development-ready category. Metalla holds a 2.0% NSR royalty on Dumont, subject to a buyback of 1.0% for C$1.0 million.JoaquinOn May 7, 2026, Unico Silver Ltd. ("Unico") reported assay results from 75 drill holes totalling 9,563 meters at Joaquin focused on the La Negra SE and La Morocha SE discoveries and Breccia Puntudo structural trend. Unico continues to observe strong and consistent drill results with mineralization extending beyond the March 2026 Mineral Resource across multiple prospects. Mineralization remains open along the 3.5 km Breccia Puntudo trend and step-out and extensional drilling continues to deliver wide zones of oxide mineralization at La Negra SE and La Morocha SE.On March 17, 2026, Unico announced a JORC(2012) Mineral Resource Estimate for Joaquin which detailed Indicated and Inferred Resources of 45.3 Mt grading 85 g/t silver and 0.36% gold for 123 Moz of silver and 522 koz of gold. The updated Mineral Resource Estimate was underpinned by 27,723 m of drilling completed since April 2025. Unico also stated that the maiden pre-feasibility study is on track for Q3 2026, with key technical programs underway including metallurgy, pit optimization, geotechnical studies, flowsheet design and environmental baseline work.Metalla holds a 2.0% NSR royalty on Joaquin.GarrisonOn April 27, 2026, STLLR Gold Inc. ("STLLR") announced additional assay results from its 2026 drilling program at the Jonpol deposit, situated in the Garrison property at the easter end of the Tower Gold project. Highlights included one target yielding 6.03 g/t Au over 22.25 m including 12.67 g/t Au over 9.25 m, and another target yielding 2.14 g/t Au over 33.86 m including 14.89 g/t Au over 2.33 m. The 2026 drilling program has an estimated 8,000 m of planned drilling in the first half of the year and is designed to deliver two primary objectives: first strike extension with the majority of 2026 program targeting the western extension of Jonpol's open-pit mineralization, with plans to expand the strike from 400 m as currently defined in the Tower Gold project Preliminary Economic Assessment to approximately 1,200 m, with Jonpol open along strike and at depth; and second infill drilling to confirm the block model and support the potential expansion of the higher-grade mineralization to incorporate into a future Mineral Resource Estimate.On April 7, 2026, STLLR announced the first set of assay results from its 2026 drilling program at the Jonpol deposit. The first batch of assays intersected high-grade mineralization along the western strike extension, highlights included one target yielding 9.22 g/t Au over 5.85 m and another target yielding 1.46 g/t Au over 22.65 m.Metalla holds a 2.0% NSR royalty on Garrison.La JoyaOn April 20, 2026, Silver Dollar Resources Inc. ("SLV") announced the commencement of diamond drilling at La Joya. The 3,500 m drilling program will test targets outside the historical resource area, focusing on the Noria portion and will specifically target the five target areas disclosed in January 2026.On January 26, 2026, SLV announced its 2026 exploration plans at La Joya. SLV stated they remain focused on its exploration strategy shift from potential open pit to underground at La Joya. SLV is continuing to reinterpret historical data, targeting higher-grade underground mineralization within the La Joya mineralized complex.Metalla holds a 2.0% NSR royalty on La Joya.PlomosasOn February 5, 2026, GR Silver Mining Ltd. ("GR Silver") announced positive results from its metallurgical test work studies conducted as part of the Bulk Sampling Test Mining ("BSTM") program at Plomosas. Sampled and composite feed grades in zones targeted for the BSTM in the historical Plomosas Mine produced concentrates that were within acceptable commercial specifications with no concerns over potential penalties or deleterious elements. GR Silver stated that the key objective for these studies was to support basic engineering and design of a pilot plant as part of ongoing de-risking efforts to potentially bring the historical Plomosas Mine back into production. External independent engineers have been engaged to integrate the test work data into preliminary engineering, design and costing studies, which are being used to source alternatives for a range of pilot plant capacities. The external independent engineering team has initiated assessment of potential options to secure key equipment or a full modular pilot plant in Mexico.Metalla holds a 2.0% NSR royalty on Plomosas, subject to a buyback of 1.0% for $1.0 million.TVZ ZoneOn April 23, 2026, Discovery Silver Corp. ("Discovery") announced drilling at the TVZ project included 17 holes for 5,803 m to confirm and expand the TVZ Zone. Results from the program were positive and included multiple significant assays from the TVZ1 and TVZ2 zones, which mark the north and south limits of the zone. Discovery stated that drilling at TVZ is ongoing with two drills operating on the 1210 level and one drill on the 1410 level. Drilling on the 1210 level is primarily focused on infilling and extending mineralization proximal to historic drilling, while drilling on the 1410 level continues to test the projected down plunge extension of the TVZ Zone. The current work program is designed to infill and expand the TVZ Zone, with drilling ongoing from historic drill platforms, in preparation for an initial NI 43-101 mineral resource in late 2026.Metalla holds a 2.0% NSR royalty on the TVZ Zone.Tower MountainOn April 20, 2026, Thunder Gold Corp. ("Thunder Gold") announced initial drill results from the 2026 drill program, including the identification of a new gold discovery, at the Tower Mountain property. Drilling at the Star target, approximately 500 m west of the current optimized pit limit that defines the current Mineral Resource estimate, has identified at-surface gold grades over significant interval lengths.On March 10, 2026, Thunder Gold announced that it had filed a NI 43-101 Technical Report supporting the Mineral Resource estimate at the Tower Mountain project. On January 26, 2026, Thunder Gold announced the results of the inaugural Mineral Resource estimate at the Tower Mountain project, including an Indicated Mineral Resource of 34.5 Mt averaging 0.46 g/t gold for a total of 514 koz gold and an Inferred Mineral Resource of 211.1 Mt averaging 0.45 g/t gold for a total of 3.05 Moz gold. Thunder Gold also announced plans to deliver a Preliminary Economic Assessment in 2027.Metalla holds a 2.0% NSR royalty on Tower Mountain.Mirado MineOn April 1, 2026, Kirkland Lake Discoveries Corp. ("KLDC") announced the start of its 2026 diamond drilling program at the past-producing Mirado property located 20 km southeast of Kirkland Lake, Ontario. This campaign marks the first systematic and fully integrated, large-scale exploration of the asset in over a decade, aiming to expand known high-grade zones and test new structural targets. KLDC stated that the 2026 program is designed to move the Mirado property toward a modern resource update.On April 16, 2026, and April 23, 2026, KLDC announced assay results from its first and second drill holes from its ongoing 2026 diamond drilling program at the Mirado property. Hole KLM26-001 highlights included 5.66 g/t Au over 18.2 m, including 23.03 g/t Au over 4.3 m. The second drill hole, targeting the South Zone at Mirado, stepped out 75 m southeast of KLM26-001 and confirmed continuous mineralization with 1.01 g/t Au from 11.0 m to 132.0 m, including a high-grade interval of 7.41 g/t over 4.8 m from 74.2 m. Ongoing drilling will continue to focus on step-out targeting along strike and at depth, while systematically evaluating the down-plunge potential of the South Zone and testing geophysical targets, including the deep IP anomaly. On May 4, 2026, KLDC announced additional assay results with Hole KLM26-004 highlights included 39.35 g/t Au over 16.4m from 53.6 m to 70 m, including 106.9 g/t Au over 6.0 m and 1,670 g/t over 0.38 m, and 2.22 g/t Au over 26.1 m from 78.7 m to 104.8 m, including 3.75 g/t Au over 13.5 m. KLDC further stated that results from drill hole KLM26-004, located approximately 40 m southeast of KLM26-002, confirm the lateral continuity of the South Zone mineralized system and demonstrate the presence of high-grade shoots within the broader mineralized envelope with geological continuity.Metalla holds a 1.0% NSR royalty on the Mirado Mine.DeSantis MineOn April 23, 2026, Loyalist Exploration Ltd. ("Loyalist") announced the completion of a preliminary review of the past-producing DeSantis Mine located approximately 4.5 km southwest of Timmins, Ontario. The preliminary review focused on 488 historical drill holes totaling 101,945 m of surface and underground drilling, 21,158 gold assays from core samples, wireframes of historical mine workings, and wire frames of the Hydrothermal Zone ("HZ") and the Albitite Zone ("AZ"), the two main gold-mineralized domains historically recognized at the DeSantis Mine. Loyalist stated that the review has identified six priority targets including shallow up-dip extension of the AZ, shallow west extension of the HZ, depth extension of the AZ, possible parallel zone above the AZ, deep isolated anomaly (DS12-003A), and west property target, highlighting the signification exploration potential of the property. Metalla holds a 1.5% NSR royalty on the DeSantis Mine.QUALIFIED PERSONThe technical information contained in this news release has been reviewed and approved by Charles Beaudry, an independent consultant, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and of the Ordre des Géologues du Québec. Mr. Beaudry is a qualified person ("QP") as defined in NI 43-101.ABOUT METALLAMetalla is a precious and base metals royalty and streaming company with a focus on gold, silver, and copper royalties and streams. Metalla provides shareholders with leveraged metal exposure through a diversified and growing portfolio of royalties and streams. Our strong foundation of current and future cash-generating asset base, combined with an experienced team gives Metalla a path to become one of the leading gold, silver, and copper companies for the next commodities cycle.For further information, please visit our website at www.metallaroyalty.comON BEHALF OF METALLA ROYALTY & STREAMING LTD.(signed) "Brett Heath"
CEOWebsite: www.metallaroyalty.comNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.Non-IFRS Financial MeasuresMetalla has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including (a) attributable gold equivalent ounces (GEOs), (b) average cash cost per attributable GEO, (c) average realized price per attributable GEO, (d) operating cash margin per attributable GEO, and (e) Adjusted EBITDA. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow.(a) Attributable GEOsAttributable GEOs are a non-IFRS financial measure that is composed of gold ounces attributable to the Company, calculated by taking the revenue earned by the Company in the period from payable gold, silver, copper and other metal ounces attributable to the Company divided by the average London fix price of gold for the relevant period. In prior periods the GEOs included an amount calculated by taking the cash received or accrued by the Company in the period from the derivative royalty asset divided by the average London fix gold price for the relevant period. The Company presents attributable GEOs as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. The Company's attributable GEOs for the three months ended March 31, 2026, were:

Three months

endedAttributable GEOs during the period from:  
March 31, 2026Tocantinzinho
253Wharf
115Aranzazu
133Endeavor
57La Guitarra
41La Encantada
30NLGM
31Total attributable GEOs
660(b) Average cash cost per attributable GEO
Average cash cost per attributable GEO is a non-IFRS financial measure that is calculated by dividing the Company's total cash cost of sales, excluding depletion by the number of attributable GEOs. The Company presents average cash cost per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. The Company's average cash cost per attributable GEO for three months ended March 31, 2026, was:

Three months

ended

March 31, 2026Cost of sales for NLGM
$                             15Total cash cost of sales
15Total attributable GEOs
660Average cash cost per attributable GEO  
$                             23(c) Average realized price per attributable GEO
Average realized price per attributable GEO is a non-IFRS financial measure that is calculated by dividing the Company's revenue, excluding any revenue earned from fixed royalty payments, by the number of attributable GEOs. The Company presents average realized price per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry that present results on a similar basis. The Company's average realized price per attributable GEO for the three months ended March 31, 2026, was:

Three months

ended

March 31, 2026Royalty revenue (excluding fixed royalty payments)  
$                        3,064Revenue from NLGM
151Sales from stream and royalty interests
3,215Total attributable GEOs sold
660Average realized price per attributable GEO
$                        4,871


Operating cash margin per attributable GEO
$                        4,848(d) Operating cash margin per attributable GEO
Operating cash margin per attributable GEO is a non-IFRS financial measure that is calculated by subtracting the average cost price per attributable GEO from the average realized price per attributable GEO. The Company presents operating cash margin per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry that present results on a similar basis.(e) Adjusted EBITDA
Adjusted EBITDA is a non-IFRS financial measure which excludes from net income taxes, finance costs, depletion, impairment charges, foreign currency gains/losses, share based payments, and non-recurring items. Management uses Adjusted EBITDA to evaluate the Company's operating performance, to plan and forecast its operations, and assess leverage levels and liquidity measures. The Company presents Adjusted EBITDA as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. However, Adjusted EBITDA does not represent, and should not be considered an alternative to net income (loss) or cash flow provided by operating activities as determined under IFRS. The Company's adjusted EBITDA for the three months ended March 31, 2026, was:

Three months

ended

March 31, 2026Net Income
$                           111Adjusted for:

Interest expense
349Finance charges
37Income tax provision
186Depletion
364Foreign exchange loss
36Share-based payments   
780Adjusted EBITDA
$                        1,863Refer to the Company's management discussion and analysis for the three months ended March 31, 2026, which is available on SEDAR+ at www.sedarplus.ca, for a numerical reconciliation of the non-IFRS financial measures described above. The presentation of these non-IFRS financial measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS financial measures differently.Future-Oriented Financial InformationThis news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about the Company's revenues from royalties, streams, and other projects, which are subject to the same assumptions, risk factors, limitations and qualifications set forth in the paragraphs below. FOFI contained in this news release was made as of the date of this news release and was provided for the purpose of providing further information about Metalla's anticipated future business operations. Metalla disclaims any intention or obligation to update or revise any FOFI contained in this press release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.Technical and Third-Party InformationMetalla has limited, if any, information on or access to the properties on which Metalla(or any of its subsidiaries) holds a royalty, stream or other interest and has no input into exploration, development or mining plans, decisions or activities on any such properties. Metalla is dependent on (i) the operators of the mines or properties and their QPs to provide technical or other information to Metalla, or (ii) publicly available information to prepare disclosure pertaining to properties and operations on the mines or properties on which Metalla holds a royalty, stream or other interest, and generally has limited or no ability to independently verify such information. Although Metalla does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, stream or other interests. Metalla's royalty, stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, resources and production of a property.Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, ?including any ?references to mineral resources or mineral reserves, was prepared in accordance with Canadian ?NI 43-101?, which differs from the requirements of the SEC ?applicable to U.S. domestic issuers. Accordingly, the scientific and technical ?information contained or referenced in this press ?release may not be comparable to similar information made ?public by U.S. companies subject to the reporting and ?disclosure requirements of the SEC.??"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to ?their ?economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ?ever be ?upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees ?or expectations of ?future performance.?Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only and the Company does not intend to and does not assume any obligation to update or revise them except as required by applicable law.All statements included herein that address events or developments that we expect to occur in the ?future ?are ?forward-looking statements. Generally, forward-looking statements can be identified by the use of ?forward-looking terminology such as ??"plans", "expects", "is expected", "budgets", "scheduled", ??"estimates", "forecasts", "predicts", "projects", "intends", "targets", ??"aims", "anticipates" or "believes" or ?variations (including negative variations) of such words and phrases or may be ?identified by statements ?to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, ?occur or be ?achieved. Forward-looking statements in this press release include, but are not limited to, statements ?regarding: future events or future performance of Metalla;? the completion of the Company's royalty ?purchase transactions; ?the Company's plans and objectives; ?the Company's future financial and ?operational performance; ? expectations regarding stream and royalty interests owned by the Company; ??the satisfaction of future payment obligations, contractual commitments and contingent commitments by ?Metalla;? management's statements regarding the start and increase of production at properties on which Metalla ?holds royalties and streams, and the timing thereof;? the future availability of funds, including drawdowns pursuant to the RCF; the completion by property owners of announced drilling programs, capital expenditures, and other planned activities in relation to properties on ?which the Company and its subsidiaries hold a royalty or streaming interest and the expected timing thereof; production and life of mine estimates or forecasts at the properties on which the Company and its subsidiaries hold a royalty ?or streaming interest; future disclosure by property owners and the expected timing ?thereof; the completion by property owners of announced capital expenditure programs; the statements of management regarding the step-change in cash flow and long-term shareholder value; the 2026 exploration budget for Tocantinzinho and its focus; the expected 2026 production guidance at Tocantinzinho; the expected 2026 production guidance at Wharf; the planned exploration activities at Wharf in 2026; the planned exploration budget at Wharf for 2026; the mine life extensions at Wharf; the expected production increase at Aranzazu and the timing thereof; the planned production at Endeavor; the planned shipments of ores to a smelter for Endeavor, and the related realization of value; the expected production expansion at La Guitarra, the reduction of unit costs, and the timing thereof; the two-stage exploration program at La Guitarra; the potential increase nameplate processing capacity at La Guitarra and the timing thereof; the completion of an updated NI 43-101 Technical Report for Côté gold mine including Gosselin and the timing thereof;  the expansion of the processing plant at Côté; the release of an updated Mineral Reserve and Mineral Resource estimate for Côté and the timing thereof; the exploration activities at Côté in 2026; the inclusion of the results of the Gosselin exploration program into an updated mineral reserve and resource estimate and the timing thereof;  the mine life and processing capacity at Taca Taca; the expected production at Taca Taca; the pre-stripping and construction activities at Taca Taca and the timing thereof; the review of the ESIA for Taca Taca by the Secretariat of Mining of Salta Province, and the expected timing for approval thereof;  the submission of an application for the RIGI regime for Taca Taca; ? the milling of the ores from the AK deposit and the timing thereof; the expected 2026 production guidance at AK; the receipt of initial cash flows from AK and the timing thereof; the various works at La Parrilla related to the restart of operations and the timing thereof; the restart of operations at La Parrilla and the timing thereof; the receipt of initial cash flows from La Parrilla and the timing thereof; the release of an updated Mineral Resource Estimate and Preliminary Economic Assessment for Gurupi and the timing thereof; the exploration budget for Gurupi in 2026 and its focus; the filing of an environmental and social impact assessment for Gurupi and the timing thereof; the potential underground satellite operation and the planned mining rate at Wasamac; the expected milling of Wasamac ore at Canadian Malartic mill; the expected gold production at Wasamac and the timing thereof; the release of an updated feasibility study for Castle Mountain and the timing thereof; the advancement of engineering work for the Castle Mountain expansion and the timing thereof; the investments decision about Castle Mountain and the timing thereof; the receipt of required permits and approvals for Castle Mountain; the issuance of the final EIS and Record Decision for Castle Mountain and the timing thereof; the completion of a definitive feasibility study for Copper World and the timing thereof; the sanction decision for Copper World and the timing thereof; the use of proceeds from the Mitsubishi investment at Copper World; the expected additional contributions by Mitsubishi into Copper World and the timing thereof; the completion of Sierra Madre's acquisition of Del Toro and the timing thereof; the commencement and source of production at 15-Mile and the timing thereof; the mine life and expected production at 15-Mile; the production plans suggested for 15-Mile in the prefeasibility study; the completion of environmental baseline monitoring at 15-Mile; the work related to the Environmental and Impact Assessment and the feasibility study for 15-Mile and timing thereof; the commencement of commissioning and production activities at 15-Mile and the timing thereof; the finalization of a financing package, the engineering work and the commencement of construction at Dumont and the timing thereof; the release of a pre-feasibility study for Joaquin and the timing thereof; the 2026 drilling program at Garrison; the extension and expansion plans at Garrison; the de-risking efforts at Plomosas to bring it back into production; the drilling program and TVZ Zone; the release of an initial mineral resource for TVZ Zone and the timing thereof; the completion of a Preliminary Economic Assessment for Tower Mountain and the timing thereof; the 2026 exploration program at Mirado; the ongoing drilling at Mirado;  ; the amount and timing of the attributable GEOs expected by the Company in 2026, and the factors that will include the same; the expected cash flows from the Wharf, Tocantinzinho, Aranzazu, Endeavor, La Encantada and La Guitarra royalties and streams; royalty payments to be paid to Metalla by property owners or operators of mining projects ?pursuant to ?each royalty ?interest; ?the future outlook of Metalla and the mineral reserves and resource ?estimates for the properties with respect to which ?the ?Metalla has or proposes to acquire an interest;? ??future gold, silver and copper prices;? other potential developments relating to, or achievements by, the ?counterparties for the Company's stream and ??royalty agreements, and with respect to the mines and ?other properties in which the Company has, or may ??acquire, a stream or royalty interest;? costs and other ?financial or economic measures;? ?prospective transactions; ?growth and achievements?; financing and ?adequacy of capital; ? future payment of dividends; ?future public and/or private placements of equity, ?debt or hybrids thereof; and ?the Company's ability to fund its current operational requirements and ?capital projects.Such forward-looking statements reflect management's current beliefs and are based on information ?currently available to ?management. Forward-looking statements are based on forecasts of future results, ?estimates of amounts not yet determinable ?and assumptions that, while believed by management to be ?reasonable, are inherently subject to significant business, ?economic and competitive uncertainties, and ?contingencies. Forward-looking statements are subject to various known and ?unknown risks and ?uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause ??Metalla's actual results, performance or achievements to be materially different from those expressed or ?implied thereby, and ?are developed based on assumptions about such risks, uncertainties and other ?factors set out herein, including but not ?limited to: risks related to commodity price fluctuations; the ?absence of control over mining operations from which ?Metalla will ?purchase precious metals pursuant to ?gold streams, silver streams and other agreements or from which it will receive royalty ?payments ??pursuant to NSRs, gross overriding royalties, gross ?value royalties and other royalty ?agreements or ?interests and risks related to those mining operations, including risks related to ??international operations, government and ?environmental regulation, delays in mine construction and ??operations, actual results of mining and current exploration ?activities, conclusions of economic ??evaluations and changes in project parameters as plans are refined; risks related to ?exchange rate ??fluctuations; that payments in respect of streams and royalties may be delayed or may never be made;? ??risks ?related to Metalla's reliance on public disclosure and other ?information regarding the mines or ??projects ?underlying its streams ?and royalties;? ?that some royalties or ?streams may be subject to ?confidentiality arrangements that limit or prohibit ?disclosure ?regarding ?those ?royalties and streams;? ??business opportunities that become available to, or are pursued by, Metalla;? that ??Metalla's cash flow is ?dependent on the activities of others;? ?that some royalty and stream interests are subject to rights of other ?interest-holders;? ?that ?Metalla's royalties and ?streams may have unknown defects;? risks related to ?Metalla's two ?material assets, ?the Côté property and the Taca Taca property;? risks related to general ?business and economic ?conditions;? risks related to global ?financial conditions, risks related to geopolitical events and other uncertainties, such as the conflict in the Middle East and Ukraine;? ?risks ?related to epidemics, ?pandemics or ?other public health crises, including the novel coronavirus global health pandemic, and the spread of other viruses or pathogens, and the ?potential impact thereof on Metalla's ?business, operations and financial ?condition; ??that Metalla is dependent on its key personnel;? risks ?related to Metalla's financial controls;?? dividend ?policy and ?future payment of dividends;? ?competition among mineral royalty companies and other participants in the global mining industry;? that ?project operators may not respect ?contractual obligations;? that Metalla's ?royalties and streams may be ?unenforceable;? risks related to ?potential conflicts of interest of Metalla's directors and officers;? that ?Metalla may ?not be able to obtain adequate ?financing in the future;? ?? risks ?related to Metalla's ?credit facilities and financing agreements;? ?that Metalla may be subject to litigation, claims, actions, regulatory or governmental investigations, audits and other proceedings in the ordinary course of business;? ?title, permit or ?license disputes related to ??interests on any of the properties in which Metalla holds, or ?may acquire, a ??royalty, stream or other ?interest;? interpretation by ?government entities of tax laws or the implementation ?of new tax laws;? ?changes in tax laws impacting Metalla;? risks related to ?anti-bribery and anti-corruption ?laws; credit and ?liquidity risk; risks related to Metalla's information systems and cyber ?security;? risks ?posed by activist ?shareholders;? ? that Metalla may suffer reputational damage in the ordinary course of ?business;?? ?risks ?related to acquiring, investing in or developing resource projects;? ? risks applicable to ?owners and ?operators of properties in ?which Metalla holds an interest;? ? exploration, development and ?operating risks;? ??risks related to climate change;? ?environmental risks;? ?that the exploration and ?development activities ?related to mine operations are subject to extensive laws ??and ?regulations;? that the ?operation of a mine or ?project is subject to the receipt and maintenance of permits from ???governmental ?authorities;? ?risks ?associated with the acquisition and maintenance of mining infrastructure;? ?that Metalla's ??success is ?dependent on the efforts of operators' employees;? ?risks related to mineral resource and ?mineral reserve ?estimates;? ?that mining depletion may not be replaced by the discovery of new mineral ?reserves;? that ?operators' mining operations ?are ?subject to risks that may not be able to be insured ?against;? risks ?related to land title;? risks related to international operations;? ?risks related to operating in ?countries with ?developing economies;? ?risks related to the construction, development and ?expansion of ?mines or ?projects;? risks associated with operating in areas that are presently, or were formerly, inhabited ?or used ??by ?indigenous peoples;? that Metalla is required, in certain jurisdictions, to allow individuals from ?that ?jurisdiction to hold ??nominal interests in ?Metalla's subsidiaries in that jurisdiction;? the volatility of the ?stock ?market;? ?that existing securityholders ?may be diluted;? ?risks related to Metalla's public disclosure ??obligations;? ?risks associated with future sales or issuances of debt or ?equity securities; risks associated ??with the RCF;? that there can be no assurance that an active trading ?market for ??Metalla's securities will be sustained;? risks related to the enforcement of civil judgments against Metalla; ???risks ?relating to Metalla potentially being a passive "foreign investment company" within the meaning ?of ??U.S. federal tax ?laws; and the other risks and uncertainties disclosed under the heading "Risk Factors" in ?the Company's most recent Annual ?Information Form and other documents ?filed with or submitted to the Canadian securities ?regulatory authorities on the SEDAR+ website at ?www.sedarplus.ca and the U.S. Securities and Exchange Commission on the ?EDGAR website at ?www.sec.gov. Although we have attempted to identify important factors that could cause actual actions, ??events or results to differ materially from those described in forward-looking statements, there may be ?other factors that cause ?actions, events or results not to be as anticipated, estimated or intended. 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. Accordingly, readers ?should not place undue reliance on forward-looking statements. We are under no obligation ?to update or ?alter any forward-looking statements except as required under applicable securities laws. For the reasons ?set forth ?above, undue reliance should not be placed on forward-looking statements. View original content to download multimedia:https://www.prnewswire.com/news-releases/metalla-reports-financial-results-for-the-first-quarter-of-2026-and-provides-asset-updates-302772727.htmlSOURCE Metalla Royalty & Streaming Ltd. Original: METALLA REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER OF 2026 AND PROVIDES ASSET UPDATES

METALLA REPORTS RECORD 2025 FINANCIAL RESULTS HIGHLIGHTING PORTFOLIO INFLECTION AND FUTURE CASH FLOW GROWTHMarch 26, 2026 7:00 AM
PR Newswire (US)

(All dollar amounts are in thousands of United States dollars unless otherwise indicated, except for shares, per
ounce, and per share amounts)TSXV: MTA
NYSE American: MTAVANCOUVER, BC, March 26, 2026 /PRNewswire/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (TSXV: MTA) (NYSE American: MTA) announces its operating and financial results for the year ended December 31, 2025. Metalla has also filed with the U.S. Securities and Exchange Commission (the "SEC") its SEC Annual Report on Form 40-F for the year ended December 31, 2025. The Form 40-F includes the Company's Annual Information Form, audited financial statements and management's discussion & analysis for the year ended December 31, 2025. For complete details of the consolidated financial statements and accompanying management's discussion and analysis for the year ended December 31, 2025, please see the Company's filings on SEDAR+ (www.sedarplus.ca) or EDGAR (www.sec.gov). Shareholders are encouraged to visit the Company's website at www.metallaroyalty.com.







Metalla shareholders may receive a hard copy of the Company's complete audited financial statements for the year ended December 31, 2025, free of charge, upon request. For further information please visit the Company website at https://www.metallaroyalty.com/financial-reports/.Brett Heath, CEO of Metalla, commented, "2025 was a defining year for Metalla. Our portfolio reached an important inflection point, delivering record revenue, operating cash flow, and adjusted EBITDA. These results reflect the continued ramp-up of our producing assets and our strategic positioning towards high-quality, long-life royalties such as Côté and Gosselin. With a stronger balance sheet, improved cost of capital, and several development assets advancing toward production, we believe Metalla is well positioned for a meaningful step-change in cash flow and long-term shareholder value." COMPANY HIGHLIGHTSKey Company highlights during the year ended December 31, 2025, and subsequent period include:A record breaking 2025 fiscal year, recording revenue of $11.7 million, cash flow from operating activities of $4.4 million, and Adjusted EBITDA of $4.7 million (see Non-IFRS Financial Measures). All of which were annual records for the Company and represented a 100% increase to revenue, 271% increase to cash flow from operating activities, and a 228% increase to Adjusted EBITDA compared to the 2024 fiscal year. The Company also recorded a net loss of $4.2 million versus a net loss from 2024 of $5.5 million, and received or accrued payments on 3,436 Gold Equivalent Ounces ("GEOs") (see Non-IFRS Financial Measures), which was a 38% increase compared to 2024;On February 19, 2026, First Quantum Minerals Ltd. ("First Quantum") announced the filing of an updated technical report for the Taca Taca project prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of December 31, 2025. The findings of the technical report support the development of Taca Taca as an open pit mine with an initial mine life of 35 years, initial processing capacity of 40 Mtpa with an expansion to 60 Mtpa in the fifth year of operations, Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,429 kt of copper and 5,532 koz gold, and Measured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,716 kt of copper and 5,715 koz gold;On February 17, 2026, IAMGOLD Corp. ("IAMGOLD") reported approximately 3,600 meters of drilling at the Gosselin deposit during the fourth quarter, for a total of 53,750 meters in 2025. The program was focused on converting a significant portion of Inferred Resources to the Indicated category. IAMGOLD announced that the results of the Gosselin exploration program will be included in an updated Mineral Reserve and Mineral Resource estimate in the second quarter of 2026, and will inform the planned updated technical report which will consider a larger scale gold mine with a conceptual mine plan targeting both the Côté and Gosselin zones over life of mine. The updated technical report is expected to be completed by the end of 2026;On October 31, 2025, the Company completed the acquisition of a further 0.15% interest in the Côté-Gosselin Net Smelter Returns ("NSR") royalty for C$3.4 million, bringing Metalla's total ownership on the Côté-Gosselin NSR royalty to 1.50%;On October 21, 2025, Silver Storm Mining Ltd. ("Silver Storm") reported that rehabilitation activities had restarted at the previously operating La Parrilla mine complex, with engineers engaged and mobilized, long-lead items ordered for the sulphide circuit expansion to 1,250 tpd, and SRK Consulting retained to review the restart plan, targeting a potential restart of operations as early as the second quarter of 2026;On September 8, 2025, Sierra Madre Gold & Silver Ltd. ("Sierra Madre") outlined a two-stage expansion at La Guitarra, which Sierra Madre expects to initially increase nameplate processing capacity from 500 tpd to approximately 750-800 tpd by Q2 2026, followed by a subsequent increase to approximately 1,200-1,500 tpd by Q3 2027 through the construction of a new dry-stack tailing facility and a secondary crushing circuit;On August 13, 2025, Hudbay Minerals Inc. ("Hudbay") announced a $600 million strategic investment from Mitsubishi Corporation ("Mitsubishi") for a 30% joint venture interest in Copper World. The contribution from Mitsubishi will consist of $420 million upon closing and a $180 million matching contribution payable no later than 18 months following the closing. Mitsubishi will contribute 30% of the ongoing costs beginning August 31, 2025, and will participate in the funding of the definitive feasibility study as well as the final project design, project financing, and project construction for Copper World;On August 11, 2025, Equinox Gold Corp. ("Equinox") announced that its Castle Mountain Mine Phase 2 Project ("Castle Mountain") has been accepted into the FAST-41 program ("FAST-41"). FAST-41 is a U.S. federal permitting framework designed to streamline environmental reviews, improve interagency coordination, and increase transparency. Acceptance into the program is expected to enhance regulatory certainty through a defined permitting schedule that may reflect reduced permitting timelines. Based on the permitting timeline posted to the FAST-41 project dashboard on August 8, 2025, the federal permitting process should be completed in December 2026;On June 26, 2025, the Company announced the release of its 2025 Asset Handbook outlining the Company's royalties and streams, as well as Mineral Reserve and Mineral Resource data for the underlying properties. The Asset Handbook is available on the Company's website; andOn June 24, 2025, the Company entered into an agreement with the Bank of Montreal and National Bank Financial for a revolving credit facility (the "RCF") of up to $40.0 million with an accordion feature for an additional $35.0 million in availability, subject to the satisfaction of certain conditions. Concurrent with entering into the facility, the Company also fully repaid and retired a C$50.0 million convertible loan facility with Beedie Investments Ltd.Key operating and financial metrics for the Company include:


Year ended


December 31,

December 31,


2025

2024Revenue from royalty interests(1)
$11,739
$5,882Net loss
$(4,241)
$(5,476)Adjusted EBITDA(2)
$4,656
$1,421Total attributable GEOs(2)

3,436

2,481Average realized price per attributable GEO(2)
$3,467
$2,411Average cash cost per attributable GEO(2)
$10
$10Operating cash margin per attributable GEO(2)
$3,457
$2,401(1)Includes fixed royalty payments.(2)For the methodology used to calculate these measures including GEOs see Non-IFRS Financial Measures.OUTLOOKIn 2026, the Company expects to receive or accrue payments on 3,500 to 4,500 attributable GEOs(1)(2). The lower end of the range reflects current operating assumptions and known constraints, while the upper end incorporates potential impact of improved grades, continued ramp-up of key assets, and contributions from new sources of cash flow. Primary sources of cash flows from royalties and streams for 2026 are expected to include Tocantinzinho, Wharf, Aranzazu, Endeavor, La Encantada, La Guitarra, and based on operator disclosures, the Company also expects to receive initial cash flows in 2026 from Amalgamated Kirkland and La Parrilla.Attributable GEOs are expected to be weighted towards the second half of 2026, reflecting the timing of higher-grade production and the continued ramp up of key assets.Achievement of guidance will be influenced by the following:Wharf deliveries are expected to be lower in the first half of 2026, with crushing capacity anticipated to be restored in the second quarter of 2026;Tocantinzinho deliveries are expected to be more heavily weighted to the second half of the year, as higher grade ore is scheduled to be mined under the mine plan;Deliveries from Endeavor are expected to increase progressively over the course of the year as operations continue to ramp up; andRelative price performance of gold versus other commodities and the resulting impact on GEO calculation.(1)For the methodology used to calculate attributable GEOs, see Non-IFRS Financial Measures.(2)The pricing used to calculate the attributable GEOs include Gold $4,500/oz, Silver $75/oz, and Copper $5/lb.ASSET UPDATESBelow are updates during the three months ended December 31, 2025, and subsequent period to certain of the Company's assets, based on information publicly filed by the applicable project owner:TocantinzinhoOn March 12, 2026, G Mining Ventures Corp. ("G Mining") provided its year-end Mineral Reserves and Resources at Tocantinzinho which consisted of Proven and Probable Reserves of 1.87 Moz of gold at a grade of 1.17 g/t contained in 49,784 kt, and Measured and Indicated Resources of 1.92 Moz gold at a grade of 1.25 g/t within 47,665 kt. G Mining also stated the 2026 exploration budget for Tocantinzinho is set at $8-10 million with the intent discovering the next deposit within the Tocantinzinho land package.On January 20, 2026, G Mining provided its 2026 and 2027 operational outlook at Tocantinzinho, where it expects to produce 160–190 koz of gold in 2026, with approximately 62% of production expected in the second half of the year as higher-grade mineralization becomes available in accordance with the mine plan. Gold production in 2027 is expected to range between 200–235 koz of gold, driven by the contribution of a full year of higher-grade Phase 2 ore at Tocantinzinho.On January 13, 2026, G Mining reported fourth quarter Tocantinzinho gold production of 47.3 koz and gold sales of 47.5 koz, for total full-year 2025 results of 172 koz produced and 172 koz sold.Metalla accrued 357 GEOs from Tocantinzinho for the fourth quarter of 2025 and 1,293 GEOs for the 2025 fiscal year.Metalla holds a 0.75% GVR royalty on Tocantinzinho.WharfOn February 18, 2026, Coeur Mining, Inc. ("Coeur") reported fourth-quarter gold production of 24.8 koz at Wharf. A fire incident occurred at Wharf's tertiary crusher in the fourth quarter of 2025, resulting in lower ore tonnes placed on the heap leach pads. Coeur added temporary crushing capacity to help mitigate the reduction, and it expects a new crushing system to be installed during the second quarter of 2026. Coeur also released its full-year 2026 guidance for Wharf, where it expects to produce 72–90 koz of gold with production expected to steadily increase throughout the year as crushing capacity is restored. Coeur also announced it expects to spend $10-$12 million on exploration in 2026.On February 17, 2026, Coeur announced an updated technical report for Wharf that nearly doubled the mine life to approximately 12 years. Proven and Probable Mineral Reserves at Wharf increased by 65% to 1.25 Moz of gold at a grade of 0.71 g/t, contained within 55.1 Mt, and Measured and Indicated Resources of 61.8 Mt at 0.6 g/t for 1.19 Moz gold. Coeur stated that Wharf remains positioned for additional meaningful mine life extensions, with a total Inferred resource estimate of 72.9 Mt at 0.63 g/t for 1.49 Moz gold.Metalla accrued 147 GEOs from Wharf for the fourth quarter of 2025 and 825 GEOs for the 2025 fiscal year.Metalla holds a 1.0% GVR royalty on the gold produced at Wharf mine.AranzazuOn February 26, 2026, Aura Minerals Inc. ("Aura") reported fourth quarter production from Aranzazu of 18,878 GEOs (as defined by Aura), marking a 12% decrease over the third quarter of 2025, resulting mainly from metal prices as higher gold prices negatively impacted the conversion to GEOs (as defined by Aura). Aura stated that at constant prices, Aranzazu production was in line with Q2 2025 and 4% higher than Q3 2024.Metalla accrued 156 GEOs from Aranzazu for the fourth quarter of 2025 and 678 GEOs for the 2025 fiscal year.Metalla holds a 1.0% NSR royalty on Aranzazu.EndeavorOn March 9, 2026, Polymetals Resources Ltd. ("Polymetals") Polymetals reported that mining of high-grade silver ore from the Upper North Lode at the Endeavor mine commenced in February, with stoping now underway and about 11,000 tonnes mined to date. Early production reconciliation from internal and third-party analysis indicates silver grades are materially higher than originally modelled, supported by confirmation of native silver in the ore. Polymetals also stated that, given the exceptional value of the Upper North Lode material, it plans to undertake a trial basis shipment of 30,000 tonnes of ore directly to a smelter to take advantage of highly attractive smelter terms and strong demand for silver. Direct shipment of ore has the potential to enhance realized metal value relative to concentrate production.Metalla accrued 39 GEOs from Endeavor for the fourth quarter of 2025 and 272 GEOs for the 2025 fiscal year. Deliveries in the fourth quarter of 2025 were impacted by a fatal incident on site in October, which resulted in the temporary suspension of mining and surface operations.Metalla holds a 4.0% NSR royalty on lead, zinc and silver produced from Endeavor.La GuitarraOn February 17, 2026, Sierra Madre provided an update on the planned expansion of the La Guitarra processing facility as part of its two-stage expansion at the La Guitarra silver-gold mine complex. Stage one is expected to increase processing capacity from 500 tpd to 750–800 tpd, with plant upgrades, tailings handling improvements, and equipment purchases already underway. Stage two is expected to increase processing capacity to 1,200–1,500 tpd by Q3 2027.Metalla accrued 39 GEOs from La Guitarra for the third fourth of 2025 and 131 GEOs for the 2025 fiscal year.Metalla holds a 2.0% NSR Royalty on La Guitarra, subject to a 1.0% buyback for $2.0 million. The Company's NSR royalty covers 100% of the Guitarra complex, including the Guitarra, Coloso, and Nazareno mines.La EncantadaOn February 19, 2026, First Majestic Silver Corp. ("First Majestic") reported production of 32 oz of gold from La Encantada in the fourth quarter of 2025. First Majestic announced mining contractors were engaged at La Encantada and helped to accelerate development, bringing ore flow and development rates to budget levels during the quarter. During the quarter, one underground rig and one surface rig completed 1,863 meters of drilling on the property, where First Majestic is testing a new exploration target, La Esquina.Metalla accrued 49 GEOs from La Encantada for the fourth quarter of 2025 and 122 GEOs for the 2025 fiscal year.Metalla holds a 100% GVR royalty on gold produced at the La Encantada mine limited to 1.0 koz annually.Côté-GosselinOn October 31, 2025, Metalla completed the acquisition of the remaining 0.15% interest in the Côté-Gosselin NSR royalty for total consideration of C$3.4 million in cash from an arm's length seller. The acquisition increased Metalla's total royalty percentage to 1.5%. This acquisition further consolidates Metalla's exposure to one of Canada's largest and lowest-cost emerging gold districts.On February 17, 2026, IAMGOLD reported approximately 3,600 meters of drilling at the Gosselin deposit during the fourth quarter, for a total of 53,750 meters in 2025. The program was focused on converting a significant portion of Inferred Resources to the Indicated category. IAMGOLD announced that the results of the Gosselin exploration program will be included in an updated Mineral Reserve and Mineral Resource estimate in the second quarter of 2026, and will inform the planned updated technical report which will consider a larger scale gold mine with a conceptual mine plan targeting both the Côté and Gosselin zones over life of mine. The updated technical report is expected to be completed by the end of 2026. IAMGOLD also reported gold production at Côté gold mine in the fourth quarter of 125 koz (on a 100% basis), and expects production at Côté Gold in 2026 to be in the 390 – 440 koz (on a 100% basis). Continued ramp-up and planned expansion of the Côté operation are expected to support increasing gold production over time.Metalla holds a 1.5% NSR royalty covering less than 10% of the Côté Mineral Reserves and Resources estimate in the northeastern portion of the Côté pit, and covers substantially all of the Gosselin Mineral Resource estimate. The royalty provides limited exposure to the current Côté pit but significant leverage to the advancement and potential development of the Gosselin deposit.GurupiOn March 12, 2026, G Mining provided its year-end Mineral Reserves and Resources at Gurupi which consisted of Indicated Resources of 1.83 Moz gold at a grade of 1.31 g/t within 43,512 kt, and Inferred Resources of 0.77 Moz gold at a grade of 1.29 g/t within 18,518 kt. G Mining also stated the project continues to advance through technical studies with an updated Mineral Resource Estimate and a Preliminary Economic Assessment targeted for the second half of 2026. The 2026 exploration budget at Gurupi totals $21 million, supporting resource definition drilling, resumption of regional exploration, and the advancement of the Environmental and Social Impact Assessment (EISA), which is expected to be filed in the second half of 2026.Metalla holds a 1.0% NSR royalty on the first 500 koz of production, 2.0% NSR royalty on the next 1 Moz, and 1.0% NSR royalty thereafter on Gurupi. The announced exploration and permitting initiatives are expected to further de-risk the project and support its transition toward development.Del ToroOn December 17, 2025, Sierra Madre announced that it had entered into an agreement to acquire Del Toro from First Majestic Silver Corp. Sierra Madre stated that Del Toro is a fully permitted, past-producing underground silver-gold-lead mine with a 3,000 tonne per day flotation processing circuit that operated from 2013 to 2019. Sierra Madre expects to advance exploration and prepare an updated resource report, with the goal of commencing the mine restart process at Del Toro in mid-2027 and production in mid-2028, with the possibility of restarting Del Toro within a 12-month period if silver prices continue on an upward trajectory. Sierra Madre also announced that Del Toro hosts a historical Measured and Indicated Mineral Resource estimate consisting of 592 kt grading 398 g/t for 7.57 Moz silver-equivalent and a historical Inferred Mineral Resource estimate of 1.19 million tonnes grading 293 g/t for 11.8 Moz silver-equivalent.Metalla holds a 2.0% NSR royalty on Del Toro.La ParrillaOn February 26, 2026, Silver Storm reported that rehabilitation plans at La Parrilla were 50% complete with production restart expected in the second quarter of 2026. Work on the primary feed and crushing circuit is nearing completion, while the flotation circuit is advancing toward an increase in nominal processing capacity from 1,000 to 1,250 tonnes per day. Rehabilitation of the oxide circuit is also underway and is expected to be completed early in the second quarter of 2026. Work is also continuing in the milling area, including upgrades to the ball mills and related infrastructure.Metalla holds a 2.0% NSR royalty on La Parrilla.Taca TacaOn February 19, 2026, First Quantum announced the filing of an updated technical report for the Taca Taca project prepared in accordance with NI 43-101, with an effective date of December 31, 2025. The findings of the technical report support the development of Taca Taca as an open pit mine with an initial processing capacity of 40 Mtpa with an expansion to 60 Mtpa in the fifth year of operations. Highlights of the technical report include:average annual copper production of 291 kt in the first ten years and life-of-mine annual production of 209 kt;initial mine life of 35 years;pre-stripping and construction activities expected to take approximately 3.5 years;Proven and Probable Mineral Reserves total 1,990 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,429 kt of copper and 5,532 koz gold; andMeasured and Indicated Mineral Resources total 2,078 Mt grading 0.42% copper and 0.09 g/t gold, containing an estimated 8,716 kt of copper and 5,715 koz gold.First Quantum also stated that next steps at Taca Taca include approval of the main permit required for development of the project, the Environmental and Social Impact Assessment ("ESIA"). First Quantum continues to work with the Province of Salta on the ESIA and approval is expected in the first half of 2026 after public consultation has been completed. First Quantum will also continue to work towards an application to the RIGI regime ahead of the application deadline of July 2027, the RIGI regime is an incentive regime for large investments created by the Argentine government.Metalla holds a 0.42% NSR royalty on Taca Taca subject to a buyback based on the amount of Proven Reserves in a feasibility study multiplied by the prevailing market prices of all applicable commodities.FostervilleOn February 12, 2026, Agnico Eagle Mines Ltd. ("Agnico") reported that Fosterville produced 32 koz of gold in the fourth quarter of 2025. During 2025, a total of 74,369 meters of exploration drilling was completed across the Harrier, Cygnet, Swan, and Cardinal structures at Fosterville. In 2026, Agnico plans to complete 49,300 meters of drilling targeting extensions to mineralization at Lower Phoenix and Robbins Hill.Metalla holds a 2.5% GVR royalty on the northern and southern extensions of the Fosterville mining license and other areas in the land package which are not currently in production.Castle MountainOn January 14, 2026, Equinox reported that the Castle Mountain expansion is progressing through the federal government's FAST-41 permitting program, with a Record of Decision expected in December 2026. Equinox plans to advance detailed engineering and environmental studies in 2026, with an investment decision expected in the first half of 2027, subject to a positive Record of Decision and receipt of state and county permits.Metalla holds a 5.0% NSR royalty on the South Domes area of Castle Mountain.Copper WorldOn January 12, 2026, Hudbay announced the closing of a strategic investment from Mitsubishi Corporation for a 30% joint venture ownership interest in Copper World LLC, the entity that holds the Copper World project, for $420 million paid at closing. Hudbay intends to use the proceeds to fund the remaining definitive feasibility study costs and initial project development costs for Copper World. Mitsubishi will contribute an additional $180 million within 18 months and will contribute its pro-rata share of future equity capital contributions to build the Copper World mine. Hudbay also stated that feasibility study activities for Copper World are advancing, with the definitive feasibility study expected to be completed in mid-2026, in preparation for a Copper World sanction decision expected in 2026.Metalla holds a 0.315% NSR royalty on Copper World with the right of first refusal to acquire an additional 0.360% of the NSR royalty.15-MileOn January 21, 2026, St Barbara Limited ("St Barbara") announced the results of the 15-Mile Processing Hub Prefeasibility Study, which outlined strong economics and an average production of 103 Koz of gold per year over an 11-year mine life. The study proposes a central mill and tailings facility at 15-Mile, with ore sourced exclusively from 15-Mile until Year 3 of operations, followed by the addition of Cochrane Hill ore in Year 3 and Beaver Dam ore in Year 4.St Barbara noted that environmental baseline monitoring across the 15-Mile Processing Hub continues to advance, supporting permitting and development. In parallel, stakeholder engagement has progressed, with work underway on the Environmental and Impact Assessment through 2027 alongside the feasibility study. Based on an indicative project development timeline, commissioning and production could potentially be as early as 2030.Metalla holds a 1.0% NSR royalty on the 15-Mile Stream project, and 3.0% NSR royalty on the Plenty and Seloam Brook deposits.DumontOn February 25, 2026, Dumont Nickel LP ("Dumont Nickel") announced its plans for the Dumont project in 2026, including: finalizing a financing package with governments, private investors, and industrial partners; concluding offtake agreements for concentrate; launching detailed engineering in the third quarter of 2026; and starting construction in 2027. Dumont Nickel also stated that the Dumont project remains the only North American project recognized by the European Economic Commission, and one of the most advanced in the world in the development-ready category. Metalla holds a 2.0% NSR royalty on Dumont, subject to a buyback of 1.0% for C$1.0 million.JoaquinOn March 17, 2026, Unico Silver Ltd. ("Unico") announced a JORC(2012) Mineral Resource Estimate for Joaquin which detailed Indicated and Inferred Resources at Joaquin of 45.3 Mt grading 85 g/t silver and 0.36% gold for 123 Moz of silver and 522 koz of gold. The updated Mineral Resource Estimate was underpinned by 27,723 m of drilling completed since April 2025. Unico also stated that the maiden pre-feasibility study is on track from Q3 2026, with key technical programs underway including metallurgy, pit optimization, geotechnical studies, flowsheet design and environmental baseline work.Metalla holds a 2.0% NSR royalty on Joaquin.Tower MountainOn January 26, 2026, Thunder Gold Corp. ("Thunder Gold") announced the results of the inaugural Mineral Resource estimate at the Tower Mountain project near Thunder Bay, Ontario, including an Indicated Mineral Resource of 34.5 Mt averaging 0.46 g/t gold for a total of 514 koz gold and an Inferred Mineral Resource of 211.1 Mt averaging 0.45 g/t gold for a total of 3.05 Moz gold. Thunder Gold also announced plans to deliver the Preliminary Economic Assessment in 2027.Metalla holds a 2.0% NSR royalty on Tower Mountain.QUALIFIED PERSONThe technical information contained in this news release has been reviewed and approved by Charles Beaudry, an independent consultant, geologist M.Sc., member of the Association of Professional Geoscientists of Ontario and of the Ordre des Géologues du Québec. Mr. Beaudry is a qualified person ("QP") as defined in NI 43-101.ABOUT METALLAMetalla is a precious and base metals royalty and streaming company with a focus on gold, silver, and copper royalties and streams. Metalla provides shareholders with leveraged metal exposure through a diversified and growing portfolio of royalties and streams. Our strong foundation of current and future cash-generating asset base, combined with an experienced team gives Metalla a path to become one of the leading gold, silver, and copper companies for the next commodities cycle.For further information, please visit our website at www.metallaroyalty.comON BEHALF OF METALLA ROYALTY & STREAMING LTD.(signed) "Brett Heath"
CEOWebsite: www.metallaroyalty.comNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.Non-IFRS Financial MeasuresMetalla has included certain performance measures in this press release that do not have any standardized meaning prescribed by International Financial Reporting Standards ("IFRS") including (a) attributable gold equivalent ounces (GEOs), (b) average cash cost per attributable GEO, (c) average realized price per attributable GEO, (d) operating cash margin per attributable GEO, and (e) Adjusted EBITDA. The Company believes that, in addition to conventional measures prepared in accordance with IFRS, certain investors use this information to evaluate the Company's performance and ability to generate cash flow.(a) Attributable GEOs
Attributable GEOs are a non-IFRS financial measure that is composed of gold ounces attributable to the Company, calculated by taking the revenue earned by the Company in the period from payable gold, silver, copper and other metal ounces attributable to the Company divided by the average London fix price of gold for the relevant period. In prior periods the GEOs included an amount calculated by taking the cash received or accrued by the Company in the period from the derivative royalty asset divided by the average London fix gold price for the relevant period. The Company presents attributable GEOs as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. The Company's attributable GEOs for the year ended December 31, 2025, were:

Year endedAttributable GEOs during the period from:
December 31, 2025Tocantinzinho
1,293Wharf
825Aranzazu
678Endeavor
272La Guitarra
131La Encantada
122NLGM
98Other
17Total attributable GEOs
3,436(b) Average cash cost per attributable GEO
Average cash cost per attributable GEO is a non-IFRS financial measure that is calculated by dividing the Company's total cash cost of sales, excluding depletion by the number of attributable GEOs. The Company presents average cash cost per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. The Company's average cash cost per attributable GEO for the year ended December 31, 2025, was:

Year ended

December 31, 2025Cost of sales for NLGM
$ 34Total cash cost of sales
34Total attributable GEOs
3,436Average cash cost per attributable GEO
$ 10(c) Average realized price per attributable GEO
Average realized price per attributable GEO is a non-IFRS financial measure that is calculated by dividing the Company's revenue, excluding any revenue earned from fixed royalty payments, by the number of attributable GEOs. The Company presents average realized price per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry that present results on a similar basis. The Company's average realized price per attributable GEO for the year ended December 31, 2025, was:

Year ended

December 31, 2025Royalty revenue (excluding fixed royalty payments)
$ 11,575Revenue from NLGM
339Sales from stream and royalty interests
11,914Total attributable GEOs sold
3,436Average realized price per attributable GEO
$ 3,467


Operating cash margin per attributable GEO
$ 3,457(d) Operating cash margin per attributable GEO
Operating cash margin per attributable GEO is a non-IFRS financial measure that is calculated by subtracting the average cast cost price per attributable GEO from the average realized price per attributable GEO. The Company presents operating cash margin per attributable GEO as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry that present results on a similar basis.(e) Adjusted EBITDA
Adjusted EBITDA is a non-IFRS financial measure which excludes from net income taxes, finance costs, depletion, impairment charges, foreign currency gains/losses, share based payments, and non-recurring items. Management uses Adjusted EBITDA to evaluate the Company's operating performance, to plan and forecast its operations, and assess leverage levels and liquidity measures. The Company presents Adjusted EBITDA as it believes that certain investors use this information to evaluate the Company's performance in comparison to other streaming and royalty companies in the precious metals mining industry who present results on a similar basis. However, Adjusted EBITDA does not represent, and should not be considered an alternative to net income (loss) or cash flow provided by operating activities as determined under IFRS. The Company's adjusted EBITDA for the year ended December 31, 2025, was:

Year ended

December 31, 2025Net Loss
$ (4,241)Adjusted for:

Interest expense
1,613Finance charges
237Income tax provision
669Loss on extinguishment of convertible loan facility
738Depletion
2,240Foreign exchange loss
476Share-based payments
2,924Adjusted EBITDA
$ 4,656Refer to the Company's management discussion and analysis for the year ended December 31, 2025, which is available on SEDAR+ at www.sedarplus.ca, for a numerical reconciliation of the non-IFRS financial measures described above. The presentation of these non-IFRS financial measures is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these non-IFRS financial measures differently.Future-Oriented Financial InformationThis news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about the Company's revenues from royalties, streams, and other projects, which are subject to the same assumptions, risk factors, limitations and qualifications set forth in the paragraphs below. FOFI contained in this news release was made as of the date of this news release and was provided for the purpose of providing further information about Metalla's anticipated future business operations. Metalla disclaims any intention or obligation to update or revise any FOFI contained in this press release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.Technical and Third-Party InformationMetalla has limited, if any, information on or access to the properties on which Metalla(or any of its subsidiaries) holds a royalty, stream or other interest and has no input into exploration, development or mining plans, decisions or activities on any such properties. Metalla is dependent on (i) the operators of the mines or properties and their QPs to provide technical or other information to Metalla, or (ii) publicly available information to prepare disclosure pertaining to properties and operations on the mines or properties on which Metalla holds a royalty, stream or other interest, and generally has limited or no ability to independently verify such information. Although Metalla does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by operators may relate to a larger property than the area covered by Metalla's royalty, stream or other interests. Metalla's royalty, stream or other interests can cover less than 100% and sometimes only a portion of the publicly reported mineral reserves, resources and production of a property.Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, ?including any ?references to mineral resources or mineral reserves, was prepared in accordance with Canadian ?NI 43-101?, which differs significantly from the requirements of the SEC ?applicable to U.S. domestic issuers. Accordingly, the scientific and technical ?information contained or referenced in this press ?release may not be comparable to similar information made ?public by U.S. companies subject to the reporting and ?disclosure requirements of the SEC.?"Inferred mineral resources" have a great amount of uncertainty as to their existence and great uncertainty as to ?their ?economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ?ever be ?upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees ?or expectations of ?future performance.?Cautionary Note Regarding Forward-Looking StatementsThis press release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only and the Company does not intend to and does not assume any obligation to update or revise them except as required by applicable law.All statements included herein that address events or developments that we expect to occur in the ?future ?are ?forward-looking statements. Generally, forward-looking statements can be identified by the use of ?forward-looking terminology such as ??"plans", "expects", "is expected", "budgets", "scheduled", ??"estimates", "forecasts", "predicts", "projects", "intends", "targets", ??"aims", "anticipates" or "believes" or ?variations (including negative variations) of such words and phrases or may be ?identified by statements ?to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, ?occur or be ?achieved. Forward-looking statements in this press release include, but are not limited to, statements ?regarding: future events or future performance of Metalla;? the completion of the Company's royalty ?purchase transactions; ?the Company's plans and objectives; ?the Company's future financial and ?operational performance; ?expectations regarding stream and royalty interests owned by the Company; ??the satisfaction of future payment obligations, contractual commitments and contingent commitments by ?Metalla;? management's statements regarding the start and increase of production at properties on which Metalla ?holds royalties and streams, and the timing thereof;? the future availability of funds, including drawdowns pursuant to the RCF; the completion by property owners of announced drilling programs, capital expenditures, and other planned activities in relation to properties on ?which the Company and its subsidiaries hold a royalty or streaming interest and the expected timing thereof; production and life of mine estimates or forecasts at the properties on which the Company and its subsidiaries hold a royalty ?or streaming interest; future disclosure by property owners and the expected timing ?thereof; the completion by property owners of announced capital expenditure programs; the statements of management regarding the step-change in cash flow and long-term shareholder value; the 2026 exploration budget for Tocantinzinho and its focus; the expected 2026 and 2027 production guidance at Tocantinzinho; the expected 2026 production guidance at Wharf; the installation of a new crushing system at Wharf and the timing thereof; the planned exploration budget at Wharf for 2026; the mine life extensions at Wharf; the planned shipments of ores to a smelter for Endeavor, and the related realization of value; the two-stage exploration program at La Guitarra; the potential increase nameplate processing capacity at La Guitarra and the timing thereof; the testing of a new exploration target at La Encantada, La Esquina; the inclusion of the results of the Gosselin exploration program into an updated mineral reserve and resource estimate and the timing thereof; the completion of an updated NI 43-101 Technical Report for Côté gold mine including Gosselin and the timing thereof; the expected 2026 production guidance at Côté gold mine; the continued ramp-up and planned expansion at Côté gold mine; the release of an updated Mineral Resource Estimate and a preliminary economic assessment for Gurupi and the timing thereof; the exploration budget for Gurupi in 2026 and its focus; the de-risking of Gurupi and the transition to development thereof; the filing of an environmental and social impact assessment for Gurupi and the timing thereof; the completion of Sierra Madre's acquisition of Del Toro from First Majestic; the advancement of exploration at Del Toro; the preparation of an updated mineral resource report for Del Toro; the commencement of the mine restart process and production at Del Toro and the timing thereof; the various works at La Parrilla related to the restart of operations and the timing thereof; the restart of operations at La Parrilla and the timing thereof; the mine life and processing capacity at Taca Taca; the pre-stripping and construction activities at Taca Taca and the timing thereof; the review of the ESIA for Taca Taca by the Secretariat of Mining of Salta Province, and the expected timing for approval thereof; the submission of an application for the RIGI regime for Taca Taca and the timing thereof; ?the planned drilling at Fosterville in 2026 and the targets thereof; the receipt of approval of expansion at Castle Mountain under the FAST-41 program; the engineering and environmental studies at Castle Mountain and the timing thereof; the investment decision for Castle Mountain and the timing thereof; the use of proceeds from the Mitsubishi investment at Copper World; the expected additional contributions by Mitsubishi into Copper World and the timing thereof; the completion of a definitive feasibility study for Copper World and the timing thereof; the sanction decision for Copper World and the timing thereof; the mine life and expected production at 15-Mile; the production plans suggested for 15-Mile in the prefeasibility study; the completion of environmental baseline monitoring at 15-Mile; the work related to the Environmental and Impact Assessment and the feasibility study for 15-Mile and timing thereof; the commencement of commissioning and production activities at 15-Mile and the timing thereof; the finalization of a financing package, the engineering work and the commencement of construction at Dumont and the timing thereof; the release of a pre-feasibility study for Joaquin and the timing thereof; the completion of a Preliminary Economic Assessment for Tower Mountain and the timing thereof; the amount and timing of the attributable GEOs expected by the Company in 2026, and the factors that will include the same; the expected cash flows from the Wharf, Tocantinzinho, Aranzazu, Endeavor, La Encantada and La Guitarra royalties and streams; the receipt of initial cash flows in 2026 from Amalgamated Kirkland and La Parrilla; ; royalty payments to be paid to Metalla by property owners or operators of mining projects ?pursuant to ?each royalty ?interest; ?the future outlook of Metalla and the mineral reserves and resource ?estimates for the properties with respect to which ?the ?Metalla has or proposes to acquire an interest;? ??future gold, silver and copper prices;? other potential developments relating to, or achievements by, the ?counterparties for the Company's stream and ??royalty agreements, and with respect to the mines and ?other properties in which the Company has, or may ??acquire, a stream or royalty interest;? costs and other ?financial or economic measures;? ?prospective transactions; ?growth and achievements?; financing and ?adequacy of capital; ?future payment of dividends; ?future public and/or private placements of equity, ?debt or hybrids thereof; and ?the Company's ability to fund its current operational requirements and ?capital projects.Such forward-looking statements reflect management's current beliefs and are based on information ?currently available to ?management. Forward-looking statements are based on forecasts of future results, ?estimates of amounts not yet determinable ?and assumptions that, while believed by management to be ?reasonable, are inherently subject to significant business, ?economic and competitive uncertainties, and ?contingencies. Forward-looking statements are subject to various known and ?unknown risks and ?uncertainties, many of which are beyond the ability of Metalla to control or predict, that may cause ??Metalla's actual results, performance or achievements to be materially different from those expressed or ?implied thereby, and ?are developed based on assumptions about such risks, uncertainties and other ?factors set out herein, including but not ?limited to: risks related to commodity price fluctuations; the ?absence of control over mining operations from which ?Metalla will ?purchase precious metals pursuant to ?gold streams, silver streams and other agreements or from which it will receive royalty ?payments ??pursuant to NSRs, gross overriding royalties, gross ?value royalties and other royalty ?agreements or ?interests and risks related to those mining operations, including risks related to ??international operations, government and ?environmental regulation, delays in mine construction and ??operations, actual results of mining and current exploration ?activities, conclusions of economic ??evaluations and changes in project parameters as plans are refined; risks related to ?exchange rate ??fluctuations; that payments in respect of streams and royalties may be delayed or may never be made;? ??risks ?related to Metalla's reliance on public disclosure and other ?information regarding the mines or ??projects ?underlying its streams ?and royalties;? ?that some royalties or ?streams may be subject to ?confidentiality arrangements that limit or prohibit ?disclosure ?regarding ?those ?royalties and streams;? ??business opportunities that become available to, or are pursued by, Metalla;? that ??Metalla's cash flow is ?dependent on the activities of others;? that Metalla has had negative cash flow from ?operating activities ?in ?the past; ?that some royalty and stream interests are subject to rights of other ?interest-holders;? ?that ?Metalla's royalties and ?streams may have unknown defects;? risks related to ?Metalla's two ?material assets, ?the Côté property and the Taca Taca property;? risks related to general ?business and economic ?conditions;? risks related to global ?financial conditions, risks related to geopolitical events and other uncertainties, such as the conflict in the Middle East and Ukraine;? ?risks ?related to epidemics, ?pandemics or ?other public health crises, including the novel coronavirus global health pandemic, and the spread of other viruses or pathogens, and the ?potential impact thereof on Metalla's ?business, operations and financial ?condition; ??that Metalla is dependent on its key personnel;? risks ?related to Metalla's financial controls;?? dividend ?policy and ?future payment of dividends;? ?competition among mineral royalty companies and other participants in the global mining industry;? that ?project operators may not respect ?contractual obligations;? that Metalla's ?royalties and streams may be ?unenforceable;? risks related to ?potential conflicts of interest of Metalla's directors and officers;? that ?Metalla may ?not be able to obtain adequate ?financing in the future;? ??risks ?related to Metalla's ?credit facilities and financing agreements;? ?litigation;? ?title, permit or ?license disputes related to ??interests on any of the properties in which Metalla holds, or ?may acquire, a ??royalty, stream or other ?interest;? interpretation by ?government entities of tax laws or the implementation ?of new tax laws;? ?changes in tax laws impacting Metalla;? risks related to ?anti-bribery and anti-corruption ?laws; credit and ?liquidity risk; risks related to Metalla's information systems and cyber ?security;? risks ?posed by activist ?shareholders;? ?that Metalla may suffer reputational damage in the ordinary course of ?business;?? ?risks ?related to acquiring, investing in or developing resource projects;? ?risks applicable to ?owners and ?operators of properties in ?which Metalla holds an interest;? ?exploration, development and ?operating risks;? ??risks related to climate change;? ?environmental risks;? ?that the exploration and ?development activities ?related to mine operations are subject to extensive laws ??and ?regulations;? that the ?operation of a mine or ?project is subject to the receipt and maintenance of permits from ???governmental ?authorities;? ?risks ?associated with the acquisition and maintenance of mining infrastructure;? ?that Metalla's ??success is ?dependent on the efforts of operators' employees;? ?risks related to mineral resource and ?mineral reserve ?estimates;? ?that mining depletion may not be replaced by the discovery of new mineral ?reserves;? that ?operators' mining operations ?are ?subject to risks that may not be able to be insured ?against;? risks ?related to land title;? risks related to international operations;? ?risks related to operating in ?countries with ?developing economies;? ?risks related to the construction, development and ?expansion of ?mines or ?projects;? risks associated with operating in areas that are presently, or were formerly, inhabited ?or used ??by ?indigenous peoples;? that Metalla is required, in certain jurisdictions, to allow individuals from ?that ?jurisdiction to hold ??nominal interests in ?Metalla's subsidiaries in that jurisdiction;? the volatility of the ?stock ?market;? ?that existing securityholders ?may be diluted;? ?risks related to Metalla's public disclosure ??obligations;? ?risks associated with future sales or issuances of debt or ?equity securities; risks associated ??with the RCF;? that there can be no assurance that an active trading ?market for ??Metalla's securities will be sustained;? risks related to the enforcement of civil judgments against Metalla; ???risks ?relating to Metalla potentially being a passive "foreign investment company" within the meaning ?of ??U.S. federal tax ?laws; and the other risks and uncertainties disclosed under the heading "Risk Factors" in ?the Company's most recent Annual ?Information Form and other documents ?filed with or submitted to the Canadian securities ?regulatory authorities on the SEDAR+ website at ?www.sedarplus.ca and the U.S. Securities and Exchange Commission on the ?EDGAR website at ?www.sec.gov. Although we have attempted to identify important factors that could cause actual actions, ??events or results to differ materially from those described in forward-looking statements, there may be ?other factors that cause ?actions, events or results not to be as anticipated, estimated or intended. 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. Accordingly, readers ?should not place undue reliance on forward-looking statements. We are under no obligation ?to update or ?alter any forward-looking statements except as required under applicable securities laws. For the reasons ?set forth ?above, undue reliance should not be placed on forward-looking statements.



View original content to download multimedia:https://www.prnewswire.com/news-releases/metalla-reports-record-2025-financial-results-highlighting-portfolio-inflection-and-future-cash-flow-growth-302725952.htmlSOURCE Metalla Royalty & Streaming Ltd.

Original: METALLA REPORTS RECORD 2025 FINANCIAL RESULTS HIGHLIGHTING PORTFOLIO INFLECTION AND FUTURE CASH FLOW GROWTH

METALLA ANNOUNCES FINALIZATION OF EQUITY GRANTFebruary 13, 2026 5:00 PM
PR Newswire (Canada)

(All dollar amounts are in United States dollars unless otherwise indicated)TSXV: MTA
NYSE AMERICAN: MTAVANCOUVER, BC, Feb. 13, 2026 /CNW/ - Metalla Royalty & Streaming Ltd. ("Metalla" or the "Company") (NYSE American: MTA) (TSXV: MTA) announces the pricing and finalization of its annual equity grant.







ANNUAL GRANTFurther to the Company's press release dated February 11, 2026, the Company has granted an aggregate of 475,700 stock options (the "Options") to certain directors, officers, consultants, and employees of the Company.  The Options will vest in equal installments over twelve and twenty-four months and each vested Option will entitle the holder to acquire one common share of the Company at an exercise price of C$9.88, being the closing price of Metalla on the TSXV on February 12, 2026, for a period of 5 years. The Company also awarded an additional 197,800 restricted share units (the "RSUs") for an aggregate of 445,175 RSUs granted on February 12, 2026, to certain directors, officers, consultants, and employees of the Company. The RSUs will vest in equal installments over twelve and twenty-four months.  ABOUT METALLAMetalla provides shareholders with leveraged gold, silver, and copper exposure by acquiring royalties and streams. Our goal is to increase share value by accumulating a diversified portfolio of royalties and streams with attractive returns. Our strong foundation of current and future cash-generating asset base, combined with an experienced team, gives Metalla a path to become one of the leading royalty companies.For further information, please visit our website at www.metallaroyalty.com.ON BEHALF OF METALLA ROYALTY & STREAMING LTD.(signed) "Brett Heath"Chief Executive OfficerWebsite: www.metallaroyalty.comNeither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accept responsibility for the adequacy or accuracy of this press release.The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from registration requirements.SOURCE Metalla Royalty & Streaming Ltd.

Original: METALLA ANNOUNCES FINALIZATION OF EQUITY GRANT

What's the lowdown on the Beedie Capital story with MTA?

they are buying both today PM stocks on fire MTA up 10% groy up 5.5% aem up 5.05 sand up 4.5

Everybody selling $GROY and buying into $MTA?? I think we have a news story coming here that Is BULLISH.

what caused the surge today 12% what a move

LOVING these Prices at Metalla. Great CEO & Great Diverse Royalty Portfolio. SOLID.

The stock looks to have bottomed in February.
Weekly Chart


Mining Stock Monkey likes the stock
Metalla Royalty - Set for BIG GROWTH in 2024 and beyond

Bought the 52 WEEK LOW. Super Bullish here on Metallica.

Loaded up again this week and Ready for the NEXT RUN BACK TO $4

this is a streamer aand as POG aand silv. shoot up this will explode. And it is just beginning be patient
other streamers thathave potential sand, or groy Groy has been on fire

NOT feeling the Love here!

https://www.metallaroyalty.com/_resources/news/2021/NR_Metalla_ESG%20Policy_Feb_14_2022.pdf

Social Justice Committee and giving away more shares to Directors and Officers as compensation on Valentine's Day because they don't have the revenue to compensate them otherwise does not give me warm fuzzies.

Neither of these actions are going to lead to more Revenue, let alone profits. It's just more dilution and patting themselves on the back, period.

I added a few thousand at the gap at 9 been waiting a while wasn't sure it would get there but it did.
Now I suspect it will climb. NExt down gap is .52 and I don't know what caused that one, but I don't expect it to fill unless gold crashesbelow 1500. As of now looks like the bottom is in or very close I don't think it will breal 1650. Next week may be interesting if major markets get hit hard which it beginning o look like may happen

they are paying 11mil for royalties at OZ and JAG looks steep that may be why SP is dropping

Howdy, wassup ?

No announcements for the past two months? Seems odd that they've made multiple announcements almost every month amd now silence for two months in a row. Wonder what the good word is going to be?

Freeken SHORTERS, we must destroy them.

i agree

big is just a number in your mind. It may be big compare to what someone else holds. Its what you are comfortable with that matters

yes but i dont hold a very big position.

did you get in at the little dip. This thing doesn't want to drop spiked up this am 9% No news gold not up much. Must be a big gold/silver price rise coming????

Will grab some if it takes a nice dip.

Nice looking chart.

thanks tomdiana Looks like the metals are about to take a correction from this parabolic run. IF so MTA should drop providing us with a great buying op CMCL which is a nice div is dropping I really like that one too.

If gold keeps rising due to the actions of the Federal Reserve, the sky is the limit. The more gold goes up the more valuable the company is as they already have the royalties to that gold at a lower price. I have held MTA for a few years and haven't sold one share.

I saw on a Kitco interview, EB Tucker said it was cut temporarily due to covid19 production issues of the miners. Hopefully it gets resumes soon as I also bought for the dividends but can't complain about the capital appreciation.

Thanks W vdm.....When i take positions it's always for the long term unless something changes with the fundy's.

I did speak with a company representative and it sounds like a sale to a major is in their future

Depends on your timeframe. On their website there is an overview of all their royalties & streams (https://www.metallaroyalty.com/royalty-list/ ). As you can see, many are still in development or exploration. These currently don't generate cashflow but will/should in the long run.

While gradually more royalties/streams will move from development/exploration to production, MTA's economics will improve and so should the share price. All the while they are still making deals to increase the amount of royalties/streams, increasing the long term potential further.

Short term price can go :2 or x2 or even more depending on how crazy people will act on increases/decreases in PM prices. Long term, in my opinion, the only way is up.

I'm a new investor in MTA. Just out of curiosity what's the potential upside if anyone would care to render an opinion...Thanks

I still haven't heard from them

I understand. Thanks

I hate being on phone am hearing impared. I emailed them this am.

Call em and ask. When you find out can you post here what they say as the div is half the reason I got in last month. Thanks

What happened to the div. I haven't had one since MAy 19

I saw a post on SA that was a perfect summary of how i saw it:

"Metalla bought its own shares back from CDE and aquired a new royalty?
That’s fantastic news.
Why the drop in share price? [sic]"


How i understand it is that MTA buys their own shares at 5.3 USD from CDE (reducing CDE's stake to 4%). In the transaction they also get a royalty from CDE.

The only "downside" i see, is temporarily a lower price. But if i'm missing something important, feel free to add your opinion.

Coeur's Wharf Mine Deal

I've seen a lot of deals involving stock, options, warrants, mergers, all kinds of everything, but I'm having a hard time understanding just who is exchanging what for what on this one. Seems like a lot of spit swapping. Can anyone explain this deal in plain simple terms?

thanks this co is taking on more mines willbe able to increase div imo

No idea why it halted that day

any idea why tradinh is halted

New royalty deal inked!!!

Little volatile here lately. Great buy still IMO. My avg cost 5.95

Nice. Thanks for sharing

From "The Deep Dive.ca" .... https://thedeepdive.ca/metalla-royalty-a-model-of-the-modern-monarch/ ....Bluetick

Agreed!

Solid! Silver should play catch-up soon

Yes, I'm in both Silvercrest and Mag Silver. Also have 2K in NUGT at $29.

And we're both in Metalla haha. Sandstorm? Franco? Liberty Gold? Vizsla Resources? Silvercrest? First Majestic? Mag Silver? I think those are all my individual holdings. Then I have physical, GLD, SLV, GDX, GDX

Looks at this baby go!

no problem eom