Royal Gold Inc. Announces Strategic Sale of Versamet Shares to Strengthen Financial Position

In a significant move to enhance its financial stability, Royal Gold Inc. (NASDAQ: RGLD) announced on November 17, 2025, that its wholly-owned subsidiary, International Royalty Corporation (IRC), has entered into purchase and sale agreements to divest a substantial portion of its holdings in Versamet Royalties Corporation. The agreements entail the sale of 11,827,273 common shares to Tether Investments, S.A. de C.V., and 11,827,272 common shares to Nemesia S.à.r.l, both at a price of C$8.75 per share. The total consideration from these transactions amounts to an impressive C$206,977,268.75.

This strategic decision is supported by Versamet’s Board of Directors and aligns with Royal Gold’s ongoing efforts to streamline its assets following its recent acquisitions.

Bill Heissenbuttel, Royal Gold's President and CEO, emphasized the importance of this transaction, stating, *“The disposition of the Versamet shares is in line with our stated objective of simplifying the Sandstorm portfolio.”* He further elaborated on the company's financial strategy by indicating that the proceeds from the sale would be directed towards debt repayment. This decision is part of a broader plan to address the borrowings incurred during the recent acquisitions of Sandstorm and Kansanshi, reinforcing Royal Gold's commitment to financial prudence.

Heissenbuttel noted that the Versamet shares had been categorized as non-core assets and were not material to the valuation of the Sandstorm acquisition, highlighting the company’s focus on realizing value from non-essential holdings promptly after the transaction's closure.

Prior to the completion of these sales, Royal Gold will hold a beneficial ownership of 23,654,545 Versamet shares, which equates to approximately 25% of the total issued and outstanding common shares of Versamet on an undiluted basis. However, upon the closing of the transactions, Royal Gold will no longer maintain any beneficial ownership or control over Versamet shares or any convertible securities, effectively marking a complete exit from this investment.

The sale of the Versamet shares is a strategic maneuver aimed at strengthening Royal Gold’s balance sheet by reducing debt obligations. This move is crucial as the company aims to enhance its cash flow and operational flexibility in a competitive market. The decision to monetize IRC’s investment in Versamet underscores Royal Gold’s proactive approach to financial management and its commitment to maximizing shareholder value.

Royal Gold’s shares, traded under the symbol “RGLD,” are well-regarded for providing growth, value, and income opportunities to investors in the metals and mining sector. The ongoing strategic realignment and focus on core assets position Royal Gold favorably for future growth potential.

Royal Gold’s announcement regarding the sale of its Versamet shares marks a pivotal step in its strategy to streamline operations and improve its financial standing. As the company continues to prioritize debt repayment and focus on core investments, its proactive approach is likely to resonate positively with investors seeking stability and growth in the precious metals market.