[SCHEDULE 13G/A] OR Royalties Inc. SEC Filing

Rhea-AI Filing Summary

Van Eck Associates Corporation filed a Schedule 13G/A disclosing beneficial ownership of 13,231,075 common shares of OR Royalties, representing 7.06% of the outstanding class. The filing reports sole voting power over 13,177,517 shares and sole dispositive power over 13,231,075 shares. The statement certifies these securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. This disclosure signals a material passive stake by a registered investment adviser but does not indicate an intent to seek control.

Positive

• Material disclosure of ownership: Van Eck reports owning 13,231,075 shares, representing 7.06% of the class
• Clear voting and dispositive powers: Sole voting power over 13,177,517 shares and sole dispositive power over 13,231,075 shares
• Passive intent certified: The filing states the position is held in the ordinary course and not to influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Van Eck holds a material 7.06% passive stake in OR Royalties, disclosed via Schedule 13G/A.

The report shows Van Eck beneficially owns 13,231,075 common shares with sole voting power over 13,177,517 shares and sole dispositive power over 13,231,075 shares. Because the filing is a Schedule 13G/A and includes a certification that the position is held in the ordinary course and not to influence control, this is a passive ownership disclosure rather than an activist or control-seeking move. For investors, the key takeaway is the presence of a sizable institutional holder which may affect share liquidity and monitoring, but the filing does not signal corporate governance change.

Corporate Governance Expert

TL;DR: Disclosure is material (>5%) but expressly passive; no governance or control intentions are stated.

The Schedule 13G/A documents a >5% beneficial ownership stake, triggering regulatory disclosure obligations. The filer affirms the securities are held in the ordinary course and not for the purpose of changing control, which classifies this as passive under SEC rules. From a governance perspective, the holder has substantial voting power on paper, but absent additional filings or statements, there is no formal indication of engagement aimed at altering board composition or strategy.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 10)

OR Royalties Inc.

(Name of Issuer)

Common Shares

(Title of Class of Securities)

68390D106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 68390D106

1

Names of Reporting Persons

VAN ECK ASSOCIATES CORP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,177,517.00
6	Shared Voting Power
7	Sole Dispositive Power 13,231,075.00
8	Shared Dispositive Power

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,231,075.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.06 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: OR Royalties Inc.
(b)	Address of issuer's principal executive offices: 1100 AVENUE DES CANADIENS-DE-MONTREAL, SUITE 300, MONTREAL, Quebec, Canada, H3B 2S2
Item 2.
(a)	Name of person filing: Van Eck Associates Corporation
(b)	Address or principal business office or, if none, residence: 666 Third Ave, 9th Floor, New York NY 10017
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Shares
(e)	CUSIP No.: 68390D106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13,231,075
(b)	Percent of class: 7.06 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13,177,517
	(ii) Shared power to vote or to direct the vote:
	(iii) Sole power to dispose or to direct the disposition of: 13,231,075
	(iv) Shared power to dispose or to direct the disposition of:
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

VAN ECK ASSOCIATES CORP

Signature:	Ashley Sousa
Name/Title:	Ashley Sousa, AVP, Van Eck Associates Corporation
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A for OR (OR Royalties Inc.)?

The filing was made by Van Eck Associates Corporation as the reporting person.

How many OR shares does Van Eck report owning and what percentage does that represent?

Van Eck reports beneficial ownership of 13,231,075 shares, representing 7.06% of the class.

What voting and dispositive powers does Van Eck report for its OR position?

The filing reports sole voting power over 13,177,517 shares and sole dispositive power over 13,231,075 shares.

Does the Schedule 13G/A indicate Van Eck intends to influence control of OR?

No. The certification states the securities are held in the ordinary course of business and were not acquired to change or influence control.

What triggered the need for this Schedule 13G/A filing?

The filing reports a >5% beneficial ownership position, which under SEC rules requires public disclosure of the stake.