Tether Buys 32% Stake in Canadian Gold Royalty Firm Elemental for $89 Million

Catenaa, Saturday, June 21, 2025-Tether Investments, the affiliated investment arm of stablecoin issuer Tether, has acquired an approximate 31. 9% stake in Canadian precious metals royalty company Elemental Altus Royalties Corp. , valuing the purchase at about $89. 2 million. The acquisition, completed via a private offshore agreement on June 10, grants Tether 78. 4 million common shares at […] source: https://investors.catenaa.com/news/tether-buys-32-stake-in-canadian-gold-royalty-firm-elemental-for-89-million