Versamet Royalties Welcomes Tether Investments and the Lundin Family as New Cornerstone Shareholders

Executive Summary

• Tether Investments S.A. de C.V. and the Lundin Family Trusts each acquired ~12.7% of Versamet Royalties Corp., becoming new cornerstone shareholders.
• The acquisitions were made by purchasing Royal Gold, Inc.’s entire holding of 23,654,545 common shares; a portion remains subject to an existing escrow arrangement.
• Separate Investor Rights Agreements grant each new shareholder the right to nominate one director, contingent on maintaining the ownership threshold.

Key Details

• Share Acquisitions:
• Tether: 11,827,273 common shares (≈12.7% of outstanding).
• Lundin Family Trusts: 11,827,272 common shares (≈12.7% of outstanding).
• Source of Shares: Entire Royal Gold holding of 23,654,545 Versamet common shares was transferred to the two investors.
• Escrow: 21,289,091 of the transferred shares remain subject to an escrow agreement disclosed in Versamet’s May 12 2025 long‑form prospectus.
• Investor Rights Agreements: Standalone agreements with each investor provide the right to nominate one director, provided ownership thresholds are met.
• Strategic Rationale (CEO Quote): Dan O'Flaherty highlighted the partners’ financial strength and strategic capabilities, noting the investment aligns with Versamet’s “next phase of growth” and its plans to advance U.S. and TSX main‑board listings, targeting >20,000 GEOs in 2026.
• Forward‑Looking Statements: The release contains expectations regarding growth, listing advancements, and asset portfolio performance for 2026.

Notable Quotes

“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.” – Dan O'Flaherty, CEO

Materiality Assessment: Material – Positive (significant new equity investors and governance rights that could influence future financing, listings, and operational growth).