Proxy advisors urge Sandstorm Gold (SAND) holders to back Royal Gold arrangement

Rhea-AI Filing Summary

Sandstorm Gold Ltd. filed a report noting that leading independent proxy advisory firms are recommending that Sandstorm shareholders vote FOR a proposed plan of arrangement with Royal Gold. This type of recommendation is influential because many institutional investors follow proxy advisors’ guidance when deciding how to vote on major corporate transactions.

Insights

M&A and corporate governance analyst

Proxy advisors back Sandstorm’s proposed arrangement with Royal Gold, adding support ahead of the shareholder vote.

The filing highlights that leading independent proxy advisory firms recommend Sandstorm Gold shareholders vote in favor of a proposed plan of arrangement with Royal Gold. Proxy advisors review deal terms and governance considerations, then issue voting recommendations to institutional and retail investors.

Such endorsements can significantly influence voting outcomes because many large shareholders rely on these firms’ analyses. The recommendation in favor of the arrangement signals support from influential third parties, though the filing excerpt does not describe the financial terms or timing of the transaction.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of September, 2025

Commission File Number: 001-35617

Sandstorm Gold Ltd.

(Translation of registrant’s name into English)

Suite 3200 – 733 Seymour Street
Vancouver, British Columbia
V6B 0SB Canada

 (Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F   ¨ Form 40-F   x

EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		Leading Independent Proxy Advisory Firms Recommend Sandstorm Shareholders Vote FOR the Proposed Plan of Arrangement with Royal Gold

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	SANDSTORM GOLD LTD.
Date: September 22, 2025	By:	/s/ Erfan Kazemi
		Name: Erfan Kazemi
		Title: Chief Financial Officer

FAQ

What does Sandstorm Gold Ltd. (SAND) disclose in this 6-K filing?

Sandstorm Gold reports that leading independent proxy advisory firms recommend shareholders vote FOR its proposed plan of arrangement with Royal Gold. This highlights third-party support for the transaction ahead of the shareholder voting process.

How do proxy advisory firms affect Sandstorm Gold (SAND) shareholders’ vote?

Proxy advisory firms analyze corporate transactions and issue voting recommendations that many investors follow. Their support for Sandstorm’s plan of arrangement with Royal Gold can meaningfully influence how institutional and other shareholders choose to vote on the proposal.

What major corporate action involving Sandstorm Gold (SAND) is mentioned?

The filing refers to a proposed plan of arrangement between Sandstorm Gold and Royal Gold. While terms are not described in the excerpt, the recommendation to vote FOR the arrangement indicates it is a significant corporate transaction requiring shareholder approval.

Who signed Sandstorm Gold’s (SAND) September 2025 6-K report?

The report was signed on behalf of Sandstorm Gold Ltd. by Erfan Kazemi, the company’s Chief Financial Officer. This confirms the filing is an official corporate communication authorized by a senior financial executive of the company.

Does the 6-K say whether Sandstorm Gold (SAND) must hold a shareholder vote?

The filing indicates a shareholder vote is expected by noting that proxy advisory firms recommend shareholders vote FOR the proposed plan of arrangement with Royal Gold. This implies shareholder approval is required for the transaction to proceed.