Royal Canadian Mint Announces Follow-On Offering of Gold Exchange-Traded Receipts

Executive Summary

• The Royal Canadian Mint announced a follow‑on offering of ETRs that represent direct legal ownership of physical gold bullion.
• Net proceeds will be used to purchase additional gold bullion for the programme, expanding the Mint’s reserve assets.
• The offering is being underwritten by TD Securities Inc. and National Bank Financial Inc., with pricing and size to be determined at the time of launch; closing expected around February 12, 2026.

Key Details

• Offering Structure: Follow‑on issuance of exchange‑traded receipts (ETRs) identical and fully fungible with existing ETRs listed on the Toronto Stock Exchange under “MNT” (CAD) and “MNT.U” (USD).
• Use of Proceeds: 100 % of net proceeds will be allocated to purchase physical gold bullion for the Mint’s Canadian Gold Reserves.
• Pricing & Size: Both the offering size (number of ETRs) and price per receipt will be set at pricing; not disclosed in this release.
• Closing Timeline: Anticipated closing on or about February 12, 2026, subject to market conditions and Toronto Stock Exchange approval.
• Underwriters: Syndicate co‑led by TD Securities Inc. and National Bank Financial Inc. (prospectus‑exempt offering under Ontario Securities Commission relief).
• Regulatory Status: Offering made on a prospectus‑exempt basis; ETRs are not registered in the United States and cannot be offered or sold there without registration or an applicable exemption.
• Redemption Rights: Holders may redeem ETRs for physical gold bullion (minimum 99.99 % purity) or cash, subject to certain restrictions.
• Information Access: Full Information Statement dated February 9, 2026 available on SEDAR+ and the Mint’s website; copies can be obtained free of charge from TD Securities Inc. or National Bank Financial Inc.

Notable Quotes

(No direct quotes were provided in the release.)