📄 What This Document Is

This is a 6-K report, which is how foreign companies listed on U.S. stock exchanges (like this Canadian company) share major news with the SEC. This specific filing has two key announcements:

1. The company has filed its annual financial report (Form 40-F) with the SEC.
2. It's giving shareholders the details for the upcoming big meeting.

👉 In simple terms: Think of this as the company's official "here's our yearly report card and the details for our next big meeting" announcement for U.S. investors.

🏢 What The Company Does

Wheaton Precious Metals Corp. (WPM) is not a traditional mining company that digs for metal. It's the world's largest precious metals streaming company.

👉 In simple terms: Instead of operating mines, Wheaton makes deals with miners. It gives miners cash upfront to fund their projects. In return, Wheaton gets the right to buy a percentage of the gold, silver, or other metals those mines produce in the future, but at a very low, fixed price. This gives investors exposure to precious metals with lower risk than running a mine.

📅 Annual & Special Meeting Details

The company's Annual and Special Meeting will be held on Friday, May 8, 2026, at 1:30 p.m. Eastern Time.

• In-Person: Conrad Hotel New York Downtown, 102 North End Avenue, New York, NY.
• Online (Encouraged): Shareholders can join, listen, ask questions, and vote virtually.
• How to Join Online: Go to the link: https://meetings.lumiconnect.com/400-025-911-054
• Login Details: Use your control number and the meeting password: wheaton2026 (case-sensitive).

👉 Why it matters: This is where shareholders vote on important company matters. If you own shares, this tells you exactly when and how to participate, no matter where you are.

📑 The Form 40-F Filing

Along with the meeting news, the company announced it has filed its Form 40-F with the SEC. This is the annual report that contains the company's 2025 audited financial statements.

• You can find it on the SEC's EDGAR database.
• It's also posted on Wheaton's website: www.wheatonpm.com.
• You can request a free paper copy by mail or email.

👉 Why it matters: This is the official, audited financial proof of how the company performed last year. It's what investors and regulators scrutinize.

⚙️ The "Streaming" Business Model

Wheaton's model is its superpower. It provides upfront cash to mining companies to help them build or expand mines. In exchange, Wheaton secures the right to purchase a fixed percentage of the mine's future metal production at a low, pre-set cost.

👉 Key Advantage: This means when gold and silver prices rise, Wheaton's profit margin expands dramatically because it's still buying at that low, fixed price. It offers the upside of mining without the huge operational headaches and costs.

🌍 Industry Context & Positioning

Wheaton sits in a unique, middle-ground position in the mining industry. It's a financial partner that provides critical funding, which is especially valuable during periods of high interest rates or when miners need capital for new projects. Its model has led to some of the highest profit margins in the entire sector.

⚖️ Big Picture: Strengths & Risks

👍 Strengths:

• High-Margin Model: Generates exceptionally high cash operating margins.
• Lower Risk: Avoids the direct costs, delays, and dangers of running mines.
• Growth Engine: Uses cash flow to buy new streaming deals, growing its portfolio.

⚠️ Risks:

• Metal Price Dependent: Profits are directly tied to gold and silver prices.
• Counterparty Risk: Relies on its mining partners to successfully operate the mines.
• Project Delays: If a mine it has a deal with is delayed, its revenue is delayed too.

🔮 What's Next

The immediate next step is the May 8 shareholder meeting. Longer-term, the company will use the cash flow from its existing streams to hunt for and fund new accretive streaming opportunities, aiming to grow its dividend and shareholder value over time.

🧠 The Analogy

Imagine a futuristic sommelier in Napa Valley. Instead of owning a single risky vineyard, this sommelier pre-pays several promising wineries for the right to buy 10% of their best vintage each year at a price set today, say $10 a bottle. Years later, if those wines become famous and sell for $100 a bottle, the sommelier still only pays $10, making a massive profit. Wheaton does this with gold and silver from mines around the world.

📇 Key Contacts & People

For Investor Inquiries:

• Emma Murray, Vice President, Investor Relations
• Email: [email protected]
• Tel: 1-844-288-9878
• Address: Suite 3500, 1021 West Hastings St., Vancouver, British Columbia, Canada V6E 0C3

🧩 Final Takeaway

Wheaton Precious Metals is notifying investors that its yearly financials are official and laying out the blueprint for the upcoming shareholder meeting. The company's unique "streaming" model remains its core engine, designed to profit from rising metal prices with lower risk than owning a mine outright.