On November 17, 2025, Tether Investments S.A. de C.V., a company focused on strategic investments that complement its vision for open financial systems supported by digital and real-world assets, made a strategic acquisition by purchasing outstanding common shares of Versamet Royalties Corporation, an emerging mid-tier precious metals royalty and streaming company listed in Canada. The acquisition resulted in Tether Investments owning approximately 12.7 percent of the issued and outstanding common shares of Versamet. Pursuant to the terms of the transaction, Tether Investments purchased 11,827,273 common shares of Versamet from Royal Gold, Inc., at a price of $8.75 per common share, representing an aggregate purchase price of approximately $103.4 million.

Cassels acted for Tether Investments.