Metalla Royalty & Streaming Management

Management criteria checks 3/4

Metalla Royalty & Streaming's CEO is Brett Heath, appointed in Sep 2016, has a tenure of 7.67 years. total yearly compensation is $1.23M, comprised of 37.2% salary and 62.8% bonuses, including company stock and options. directly owns 3.54% of the company’s shares, worth $10.59M. The average tenure of the management team and the board of directors is 4.8 years and 6.2 years respectively.

Key information

Brett Heath

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage	37.2%
CEO tenure	7.7yrs
CEO ownership	3.5%
Management average tenure	4.8yrs
Board average tenure	6.2yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Brett Heath's remuneration changed compared to Metalla Royalty & Streaming's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	-US$6m
Dec 31 2023	US$1m	US$456k	-US$6m
Sep 30 2023	n/a	n/a	-US$9m
Jun 30 2023	n/a	n/a	-US$9m
Mar 31 2023	n/a	n/a	-US$10m
Dec 31 2022	US$1m	US$422k	-US$11m
Sep 30 2022	n/a	n/a	-US$9m
Jun 30 2022	n/a	n/a	-US$9m
Mar 31 2022	n/a	n/a	-US$10m
Dec 31 2021	US$1m	US$384k	-US$10m
Dec 31 2020	US$1m	US$186k	-US$8m
Aug 31 2020	n/a	n/a	-US$6m
May 31 2020	n/a	n/a	-US$4m
Feb 29 2020	n/a	n/a	-US$4m
Nov 30 2019	n/a	n/a	-US$2m
Aug 31 2019	n/a	n/a	-US$2m
May 31 2019	US$648k	US$287k	-US$2m
Feb 28 2019	n/a	n/a	-US$2m
Nov 30 2018	n/a	n/a	-US$1m
Aug 31 2018	n/a	n/a	-US$1m
May 31 2018	US$568k	US$275k	-US$2m

Compensation vs Market: Brett's total compensation ($USD1.23M) is about average for companies of similar size in the US market ($USD1.56M).

Compensation vs Earnings: Brett's compensation has increased whilst the company is unprofitable.

CEO

Brett Heath

7.7yrs

Tenure

US$1,225,572

Compensation

Mr. Brett Heath, B.Sc. serves as Independent Non-Executive Chairman and Director at Nova Royalty Corp. since September 30, 2020. He has been the Chief Executive Officer of Metalla Royalty & Streaming Ltd....

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Brett Heath	President	7.7yrs	US$1.23m	3.54% $ 10.6m
Saurabh Handa	Chief Financial Officer	3.5yrs	US$809.62k	0.050% $ 150.6k
Sundeep Sara	Vice President of Acquisitions	2.3yrs	US$526.92k	0.048% $ 142.4k
Kristina Pillon	Investor Relations	no data	no data	no data
Kim Casswell	Corporate Secretary	7yrs	no data	0.023% $ 69.4k
Jonah Townsend	Controller	2.4yrs	no data	no data
Charles Beaudry	Technical Advisor	no data	US$24.56k	no data

4.8yrs

Average Tenure

64yo

Average Age

Experienced Management: MTA's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Brett Heath	President	7.7yrs	US$1.23m	3.54% $ 10.6m
Alexander Alan Molyneux	Independent Non-Executive Director	6.2yrs	US$293.94k	0.17% $ 515.8k
Lawrence Roulston	Independent Non-Executive Chairman	7.2yrs	US$385.39k	0.11% $ 322.8k
James Beeby	Independent Non-Executive Director	5yrs	US$286.53k	0.023% $ 69.5k
Amanda Johnston	Independent Director	1.8yrs	US$287.11k	0.0029% $ 8.8k

6.2yrs

Average Tenure

Experienced Board: MTA's board of directors are considered experienced (6.2 years average tenure).

Metalla Royalty & Streaming Management

Management criteria checks 3/4

Key information

Recent management updates

Metalla Royalty & Streaming Ltd., Annual General Meeting, Jun 26, 2024

Independent Non-Executive Director recently sold US$56k worth of stock

Vice President of Corporate Development recently bought US$56k worth of stock

Metalla Royalty & Streaming Ltd. Announces the Retirement of E.B. Tucker from the Board of Directors

Chief Financial Officer recently sold US$87k worth of stock

Metalla Royalty & Streaming Ltd. Announces Douglas B. Silver Stepped Down as A Director

Recent updates

First quarter 2024 earnings released: US$0.019 loss per share (vs US$0.027 loss in 1Q 2023)

New major risk - Revenue and earnings growth

Metalla Royalty & Streaming Ltd., Annual General Meeting, Jun 26, 2024

Full year 2023 earnings released: US$0.11 loss per share (vs US$0.24 loss in FY 2022)

New major risk - Revenue and earnings growth

Now 24% undervalued

Independent Non-Executive Director recently sold US$56k worth of stock

New minor risk - Profitability

New major risk - Shareholder dilution

Vice President of Corporate Development recently bought US$56k worth of stock

Metalla Royalty & Streaming Ltd. Announces the Retirement of E.B. Tucker from the Board of Directors

Metalla Royalty & Streaming Ltd. announced that it has received CAD 65.000001 million in funding from Beedie Capital

New minor risk - Financial position

Price target decreased by 63% to US$3.00

New minor risk - Profitability

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million.

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS in line with expectations, revenues disappoint

Upcoming dividend of CA$0.03 per share

Chief Financial Officer recently sold US$87k worth of stock

Metalla Royalty & Streaming Ltd. Declares Special Dividend, Payment Date of September 15, 2023

Nevada Gold Mines LLC acquired JR mineral claims from Metalla Royalty & Streaming Ltd. for $5 million.

Thunder Gold Corp. (TSXV:TGOL) agreed to acquire 49 mineral claims in the Shebandowan Greenstone Belt from Metalla Royalty & Streaming Ltd. (TSXV:MTA) for CAD 0.14 million.

Metalla Royalty & Streaming Ltd. Announces Douglas B. Silver Stepped Down as A Director

First quarter 2023 earnings released: US$0.027 loss per share (vs US$0.05 loss in 1Q 2022)

Vice President of Corporate Development recently bought US$75k worth of stock

Now 21% undervalued after recent price drop

Independent Non-Executive Director recently sold US$73k worth of stock

Forecast to breakeven in 2025

Independent Non-Executive Director recently sold US$171k worth of stock

Price target increased by 23% to US$10.00

No longer forecast to breakeven

Forecast to breakeven in 2024

Third quarter 2022 earnings released: US$0.057 loss per share (vs US$0.13 loss in 3Q 2021)

No longer forecast to breakeven

Third quarter 2022 earnings released: US$0.057 loss per share (vs US$0.13 loss in 3Q 2021)

Forecast to breakeven in 2024

Metalla Royalty & Streaming Ltd. Appoints Mandy Johnston to the Board of Directors

Second quarter 2022 earnings released

Price target decreased to US$9.50

No longer forecast to breakeven

Price target decreased to US$10.25

First quarter 2022 earnings: EPS misses analyst expectations

Metalla Royalty & Streaming Ltd., Annual General Meeting, Jun 22, 2022

Forecast to breakeven in 2024

Full year 2021 earnings: EPS exceeds analyst expectations

Metalla Royalty & Streaming Ltd. Announces Establishment Environmental, Social, and Governance Committee

New 90-day low: US$8.46

Independent Non-Executive Director recently sold US$583k worth of stock

New 90-day high: US$12.56

Metalla Royalty & Streaming Ltd. (TSXV:MTA) completed the acquisition of Genesis Gold Corp and Geological Services Inc.

New 90-day high: US$9.84

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into share purchase agreements to acquire Genesis Gold Corp and Geological Services Inc for $4.1 million.

Metalla Royalty & Streaming Ltd. Appoints Saurabh Handa as Chief Financial Officer, Effective as of November 1, 2020

Metalla Royalty & Streaming Ltd. Not Provides Guidance for the Fiscal Year 2021

Earnings released

Metalla Royalty & Streaming Ltd. announced that it has received CAD 5 million in funding

New 90-day high - US$6.26

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure