Gold Royalty Corp. (GROY.W) Warrant
Each GROY.W warrant gives the holder the right to buy 1 share of Gold Royalty Corp. at $2.25 per share, until May 31, 2027. The stock last closed at $2.97, above the strike, so the warrant is in the money. Gold Royalty Corp. has a market value of about $666.86M. There are 14.68M listed warrants; exercising all of them would add 6.5% to the 224.53M shares outstanding.
Key terms
- Strike per share
- $2.25
- Shares per warrant
- 1
- Cash to exercise one warrant
- $2.25
- Expiry
- 2027-05-31
- Redemption trigger
- none stated
- Cashless exercise
- no
- Break-even stock price
- $3.26
From the issuer's F-1/A (2021-03-02).
Company and stock
- Company
- Gold Royalty Corp.
- Underlying stock
- GROY
- Share price
- $2.97
- Market cap
- $666.86M
- Shares outstanding
- 224.53M
- 12-month range
- $2.52 – $5.21
- 12-month change
- -23%
- Value of all listed warrants
- $14.83M (2.2% of market cap)
- Industry
- Gold and Silver Ores
- Head office
- Vancouver, British Columbia, Canada
- Incorporated in
- Canada (Federal Level)
Market cap is the last share price times shares outstanding (as of 2025-12-31). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $1.01
- Price / model
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Dilution
- Shares outstanding
- 224.53M
- Listed warrants
- 14.68M
- Dilution if all exercised
- 6.5%
Warrant count from filing notes, read by hand (high): Warrants from 2024 Vares Stream public offering ($2.25).
Filings and events
Questions about GROY.W
When does the GROY.W warrant expire?
GROY.W expires on May 31, 2027.
What is the strike price of GROY.W?
$2.25 per share; each warrant converts into 1 share, so exercising one warrant costs $2.25.
Can Gold Royalty Corp. redeem the GROY.W warrants early?
The source filing we read lists no stock-price redemption trigger.
How many GROY.W warrants are outstanding?
14.68M listed warrants, equal to 6.5% dilution if all are exercised.
Related warrants
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