Versamet arranges $125-million bought deal offering

Executive Summary

• Versamet Royalties Corp. has entered into an agreement for a C$125 million bought deal financing, issuing 9.1 million common shares at $13.75 per share.
• The company is concurrently completing a non-brokered private placement for existing investors with contractual participation rights, subject to TSX approval.
• Net proceeds from both the bought deal and the private placement will be used to repay indebtedness, finance future acquisitions, and for general corporate purposes.

Key Details

• Financing Structure: Bought deal financing led by a syndicate of underwriters including BMO Capital Markets and National Bank Capital Markets.
• Share Issuance: 9.1 million common shares issued at a price of $13.75 per share.
• Gross Proceeds: C$125 million.
• Overallotment Option: Underwriters have a 30-day option to purchase up to an additional 15% of the offering (approx. 1.365 million shares) to cover overallotments.
• Closing Date: Expected on or about February 9, 2026, subject to regulatory approvals.
• Private Placement: Concurrent non-brokered private placement for existing investors (e.g., Tether Investments) with contractual participation rights; subject to Toronto Stock Exchange approval.
• Use of Proceeds: Repayment of indebtedness, financing future acquisitions, and general corporate purposes.
• Regulatory Filings: Offered via prospectus supplement to the short form base shelf prospectus dated August 1, 2025. Available in Canada (except Quebec) and via Rule 144A in the United States.