Versamet Royalties Corp. VMET TSX has announced a $125 million bought deal financing and concurrent private placement. Versamet is an emerging mid-tier precious metals royalty and streaming company which has made $400 million in acquisitions since it was launched in June, 2022. The company said a syndicate of underwriters has agreed to purchase on a bought deal basis, 9.1 million shares at $13.75 per share. The underwriters have also been granted an option to purchase an additional 15% of the offering to cover over-allotments.
That option can be exercised for 30 days after closing, which is expected to occur on February 9, 2026. Meanwhile, the company said it intends to complete a non-brokered private placement whereby existing investors such as Tether Investments S.A. de C.V., who have contractual participation rights, are expected to participate. On Friday, Versamet shares were down 3.5% or 49 cents to $13.21. The shares trade in a 52-week range of $16.65 and $4.50.
Back in November, 2025, Versamet welcomed Tether Investments and the Lundin Family Trusts as new cornerstone shareholders. It said Tether and the Lundins each acquired 11.8 million common shares representing approximately 12.7% of the company’s issued and outstanding shares. Tether and the Lundins acted independently in their respective acquisitions. The above share positions were acquired through the purchase of Royal Gold Inc.’s entire holding of 23.65 million common shares.
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