FNV: TSX | NYSE 40 Continental Resources Carbon Capture and Sequestration Project (Franco-Nevada has a strategic royalty acquisition joint venture with Continental) In March 2022, Continental Resources announced that it would be investing $250 million over the next two years to help Summit Carbon Solutions build a $4.5 billion carbon capture and sequestration project. It is anticipated that the project will capture and transport via pipeline 8 million metric tonnes per year of CO 2 from 31 ethanol plants across the US Midwest. That carbon will then be sequestered in subsurface geologic formations in North Dakota, where Continental Resources will leverage its geologic expertise gained from its extensive oil and gas drilling operations in the Bakken Shale. The project aims to bring operations online the first half of 2024 and will have the capability of expanding to ultimately transport up to 20 million metric tonnes per year of CO 2 . Mt. Keith Solar Farm and Carbon Capture (Franco-Nevada has royalty interests on the Mt. Keith nickel operation) In July 2021, BHP announced its plans to build a 27.4 MW solar farm at its Mt. Keith nickel operations, BHP’s first off-grid large-scale renewable energy project across its global operations, which will replace power currently supplied by diesel and gas. The solar farm, where construction is currently underway, will significantly reduce BHP’s Scope 2 emissions at Mt. Keith. In October 2021, BHP also announced plans to conduct trials at the Mount Keith tailings dam at Nickel West, which could store about 40,000 tonnes of CO 2 from the atmosphere per year. BHP’s initial research has indicated that enhancing the mineral carbonation rate of the tailings dam could significantly increase its capacity to store CO 2 . Approach to Climate Change Climate Opportunities (continued) “In March 2022, Continental Resources announced that it would be investing $250 million over the next two years to help Summit Carbon Solutions build a $4.5 billion carbon capture and sequestration project.” Solar panels at Rosemont Mine in Arizona