Tether completed the acquisition of a 12.7% stake in Versamet Royalties for CAD103m.

Tether Investments, an independent investment arm of Tether, completed the acquisition of a 12.7% stake in Versamet Royalties, aroyalties holding company investing in mining royalties, for CAD103m. “We are excited to be partnering with Tether and the Lundin family as cornerstone shareholders. Their combination of deep financial strength, proven strategic capabilities, and commitment to the royalty and streaming model makes them powerful partners for Versamet’s next phase of growth. Their investment comes at an exciting inflection point for the Company as we advance our U.S. and TSX mainboard listings with an asset portfolio expected to generate more than 20k GEOs in 2026," Dan O’Flaherty, Versamet CEO