FNV: TSX | NYSE 46 Contributions Other Contributions and Initiatives (continued) Partnering with Continental Resources on solar-powered water recycling project in Oklahoma Our relationships formed in the industry and with operators of the projects in which we have or will have royalty and stream interests position us to assist our operators in financing projects to reduce their carbon footprint, facilitate energy transitions, or otherwise benefit the environment. We advanced these initiatives in 2021 with our three year commitment to help finance Continental Resources’ solar-powered water recycling project in Oklahoma. The vast majority of Continental’s water consumption is associated with its well completion operations. While completing wells in a localized area, a significant amount of water must be injected to effectively develop the asset. Through water recycling (the process of treating produced water from existing wells and making suitable for reuse in future operations) the Continental team materially reduces the amount of fresh water required for operations. With Continental’s water recycling project, produced water is gathered at a central water facility from a pipeline network, cleaned to be suitable for the formation and wellbore, and distributed back out to crews ready for injection. The project has a positive environmental impact as it enables Continental to operate with significantly less overall fresh water usage and, as a pipeline carries all produced water from new wells, fewer diesel trucks are needed on the road for water transfer. In 2021, the Continental team commenced installation of a 0.3 MW solar farm to power its water recycling operations. By powering the facility with solar energy, they will reduce the emissions of the facility with the use of renewable energy as opposed to using energy from the grid. The 0.3 MW solar facility will produce an estimated 686 MWh of electricity annually. Continental solar-powered water recycling project, which Franco-Nevada is helping to finance “The project has a positive environmental impact as it enables Continental to operate with significantly less overall fresh water usage and, as a pipeline carries all produced water from new wells, fewer diesel trucks are needed on the road for water transfer.”
2022 ESG Report | Franco-Nevada Page 45 Page 47