Royal Gold's International Royalty Unit Inks Agreement To Sell 11.8M Common Shares Of Versamet Royalties Each To Tether Investments, Nemesia At CA$8.75/Share For Total Price Of ~CA$207M

Author: Benzinga Newsdesk | November 17, 2025 09:20am

Royal Gold, Inc. (NASDAQ:RGLD) (together with its subsidiaries, "Royal Gold" or the "Company," "we" or "our") announced today that its wholly-owned subsidiary, International Royalty Corporation ("IRC"), has entered into purchase and sale agreements with each of Tether Investments, S.A. de C.V. ("Tether") and Nemesia S.à.r.l ("Nemesia") pursuant to which IRC has agreed to sell 11,827,273 common shares of Versamet Royalties Corporation ("Versamet") to Tether and 11,827,272 common shares of Versamet to Nemesia at a price of C$8.75 per common share, for aggregate consideration of C$206,977,268.75. These sales are undertaken with the support of Versamet's Board of Directors. IRC became the registered and beneficial holder of such Versamet shares as a result of the amalgamation of IRC and a successor to Sandstorm Gold Ltd. ("Sandstorm"), following Sandstorm's acquisition by IRC on October 20, 2025.

Posted In: RGLD