Commodity Price Volatility: Anglo Pacific's revenue is directly tied to the market prices of the underlying commodities (e.g., iron ore, copper, nickel) for which it holds royalties and streams. Significant declines in these prices can materially reduce the company's royalty and stream income.

Underlying Asset Operational Risk: The company relies on the operational success and production levels of the mining companies that operate the assets from which Anglo Pacific derives its royalties and streams. Operational failures, technical difficulties, geological challenges, or labour disputes at these mines can negatively impact production and, consequently, Anglo Pacific's revenue.

Jurisdictional and Political Risk: Many of the underlying assets are located in various jurisdictions, some of which may be subject to political instability, changes in government policy, resource nationalism, or new taxation regimes. Such events could adversely affect the operations of the mines and Anglo Pacific's royalty entitlements.