Versamet Royalties closes $141.6-million offering

Mr. Dan O'Flaherty reports VERSAMET ROYALTIES CLOSES C$142 MILLION BOUGHT DEAL FINANCING Versamet Royalties Corp. has closed its previously announced bought deal public offering, pursuant to which the company sold 10.3 million common shares, including the partial exercise of the overallotment option granted by the company of 1.2 million common shares, at a price of $13.75 per common share for gross proceeds of approximately $141.6-million. The offering was conducted by a syndicate of underwriters led by BMO Capital Markets and National Bank Financial Inc., as joint bookrunners, and included ATB Cormark Capital Markets, Canaccord Genuity Corp. and Raymond James Ltd. The company anticipates the closing of its previously announced non-brokered private placement with Tether Investments S.A. de C.V. shortly. Pursuant to the exercise of Tether Investment's participation rights in equity financings of the company, the company anticipates issuing 1,575,712 common shares at a price of $13.75 for gross proceeds of approximately $21.7-million. Following the completion of the offering and concurrent private placement, Tether Investments is anticipated to own approximately 12.7 per cent of the issued and outstanding common shares of the company. Dan O'Flaherty, chief executive officer, commented: "We are delighted to welcome new global institutional investors as we continue to broaden and expand our shareholder base. We also value the ongoing support of our strategic shareholder, Tether. This financing significantly enhances our financial flexibility and positions the company to execute future acquisitions." The net proceeds of the offering and the concurrent private placement will be used to repay indebtedness, to finance future acquisitions and for general corporate purposes. The offering was completed: (i) in each of the provinces and territories of Canada, except Quebec, pursuant to a prospectus supplement to the company's short form base shelf prospectus dated Aug. 1, 2025; (ii) in the United States by way of private placement via Rule 144A; and (iii) in jurisdictions outside of Canada and the United States pursuant to prospectus, registration and other exemptions under applicable securities laws. The common shares issued pursuant to the concurrent private placement will be subject to a hold period expiring four months and one day from the date hereof, pursuant to applicable Canadian securities laws. A copy of the prospectus is available on the company's profile on SEDAR+. The concurrent private placement is expected to constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. Pursuant to sections 5.5(a) and 5.7(1)(a) of MI 61-101, the company is exempt from obtaining a formal valuation and minority approval of the company's shareholders as the fair market value of Tether Investment's participation in the concurrent private placement was below 25 per cent of the company's market capitalization as determined in accordance with MI 61-101. The company has not filed a material change report 21 days prior to closing of the concurrent private placement as Tether Investment's participation in the concurrent private placement had not been confirmed at that time. About Versamet Royalties Corp. Versamet is an emerging mid-tier precious metals royalty and streaming company focused on creating long-term per share value for its shareholders through the acquisition of high-quality assets. Versamet common shares trade on the Toronto Stock Exchange under the symbol VMET. We seek Safe Harbor.