OR Royalties Announces Renewal of Normal Course Issuer Bid

Core Viewpoint - OR Royalties Inc. has announced a normal course issuer bid (NCIB Program) to repurchase up to 9,399,294 common shares, representing approximately 5% of the issued shares, with a total budget of C$28.0 million for 2025 [1][6][7]. Summary by Sections NCIB Program Details - The NCIB Program is approved by the Toronto Stock Exchange (TSX) and allows the company to acquire shares through open market transactions or other permitted means [1][2]. - Repurchases may start on December 12, 2025, and will end on December 11, 2026, with daily purchases limited to 107,496 shares [3]. - The purchase price for shares will be the market price at the time of acquisition, plus any applicable brokerage fees [4]. Rationale for Share Repurchase - The Board of Directors believes that the market price does not reflect the underlying value of the company, and repurchasing shares will benefit remaining shareholders by increasing their proportional interest [5]. Historical Context - Under the previous NCIB Program, which ran from December 12, 2024, to December 11, 2025, the company repurchased 228,183 shares at an average price of approximately C$45.83, totaling C$28.0 million in 2025 [7].