Versamet (NASDAQ: VMET) funds $340M Eskay Creek gold stream deal

Rhea-AI Filing Summary

Versamet Royalties Corporation has completed the acquisition of a 3.52% gold stream on the Eskay Creek gold-silver project from funds managed by Orion Resource Partners and Blackstone affiliates. Versamet paid an upfront cash amount of $340 million and issued 2,054,906 common shares to the vendors.

The cash portion was funded through an amended and restated credit facility with Bank of Montreal and National Bank of Canada, increasing the revolving facility to $250 million and adding a $150 million term facility, for total commitments of $400 million. The revolving facility matures in March 2029 and the term facility in March 2028, and the structure includes a $100 million accordion feature once the term facility is fully repaid.

Insights

Mining finance analyst

Versamet adds long-life gold stream using expanded bank debt.

Versamet Royalties has closed a sizeable acquisition, buying a 3.52% gold stream on the Eskay Creek project for $340 million plus 2,054,906 shares. This deepens its exposure to future gold production from a single Canadian asset operated by third parties.

The deal is financed via an amended credit package totaling $400 million, combining a $250 million revolving facility maturing in March 2029 and a $150 million term facility maturing in March 2028. An additional $100 million accordion becomes available once the term facility is repaid, which may support further transactions or liquidity.

Future results will depend on Eskay Creek’s construction and production performance, as well as gold prices and delivery timing under the stream. The company highlights expected contributions to attributable GEO production and cash flows, but actual outcomes will track project execution and updates referenced in its annual disclosure.

Key Figures

Gold stream interest: 3.52% gold stream Upfront cash payment: $340 million Shares issued: 2,054,906 common shares +4 more

7 metrics

Gold stream interest 3.52% gold stream Interest in gold production from Eskay Creek project

Upfront cash payment $340 million Cash consideration paid to vendors for the gold stream

Shares issued 2,054,906 common shares Equity issued to vendors as part of consideration

Revolving credit facility $250 million Amended revolving facility maturing March 2029

Term credit facility $150 million New term facility maturing March 2028

Total credit commitments $400 million Combined revolving and term facilities

Accordion feature $100 million Additional revolving capacity after term facility repayment

Key Terms

gold stream, revolving facility, term facility, accordion, +2 more

6 terms

gold stream financial

"acquisition of a 3.52% gold stream (the “Gold Stream”) in respect of gold production"

A gold stream is a contract where an investor or firm pays cash up front to a mining company in exchange for the right to buy a portion of that mine’s future gold at a set, usually below-market, price or to receive a fixed share of production. It matters to investors because it provides miners with immediate funding without issuing traditional debt or equity, while the streamer gains long-term exposure to gold at a predictable cost — a trade-off between lower purchase price and limited upside if gold prices rise sharply.

revolving facility financial

"increase of the existing revolving facility from $200 million to $250 million"

A revolving facility is a bank loan that works like a company credit card: the borrower can draw funds, repay them, and draw again up to a set limit during the agreement period. It matters to investors because it provides short-term cash flexibility for operations, investments, or emergencies, and the cost or availability of that credit can affect a company’s liquidity, interest expenses, and financial stability.

term facility financial

"a new term facility in the amount of $150 million, maturing in March 2028"

A term facility is a loan that a borrower takes out for a fixed period with a set repayment schedule and usually a fixed or variable interest rate, similar to a mortgage with a set end date. Investors care because it changes a company’s debt timeline and cash commitments — knowing when principal must be repaid and how much interest will be paid helps assess financial risk, cash flow stability, and the need for future refinancing.

accordion financial

"provides for a $100 million accordion on the revolving facility once the term facility has been repaid"

An accordion is a built‑in option in a financing agreement or corporate charter that lets a company expand or shrink the size of a loan, credit line, or authorized securities without starting a whole new approval process. Investors care because using the accordion can change how much debt a company carries or dilute existing shareholders when more shares are issued — think of it like expandable luggage that makes room when needed but can alter how your belongings are arranged.

GEOs financial

"the Company’s expectations with respect to future attributable GEOs and cash flows"

“Geos” is shorthand for geographic markets or regions a company operates in—such as countries, states, or continents—used in financial reports to break down sales, customers, or performance by location. Investors watch geos because they reveal where revenue and growth actually come from, show how diversified a business is, and highlight exposure to local risks like regulations, economic slowdowns, or currency swings; think of it as seeing which rooms in a house contribute most to its overall value.

Inferred mineral resources financial

"“Inferred mineral resources” have a great amount of uncertainty as to their existence"

An inferred mineral resource is an estimate of the quantity and grade of minerals in the ground based on limited sampling and geological information, where confidence is low and continuity is uncertain. For investors it signals potential value but also higher risk—like a rough sketch of a hidden treasure that requires much more exploration and testing before you can reliably judge its size or economic worth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What acquisition did Versamet Royalties (VMET) complete in this 6-K?

Versamet Royalties completed the acquisition of a 3.52% gold stream on the Eskay Creek gold-silver project. The stream covers gold production and was acquired from funds managed by Orion Resource Partners and Blackstone affiliates, expanding Versamet’s portfolio of precious metals royalties and streams.

How much did Versamet Royalties (VMET) pay for the Eskay Creek gold stream?

Versamet paid an upfront cash amount of $340 million and issued 2,054,906 common shares to acquire the 3.52% Eskay Creek gold stream. The combination of cash and equity compensation reflects the transaction’s scale and the involvement of institutional vendors as counterparties.

How did Versamet Royalties (VMET) finance the $340 million cash payment?

Versamet financed the $340 million cash payment through an amended and restated credit facility. The facility includes a $250 million revolving credit line and a $150 million term facility, provided by Bank of Montreal and National Bank of Canada, with staggered maturities in 2028 and 2029.

What are the key terms of Versamet Royalties’ amended credit facility?

The amended facility totals $400 million, combining a $250 million revolving facility maturing in March 2029 and a $150 million term facility maturing in March 2028. It also includes a $100 million accordion on the revolving facility, which becomes available after the term facility is fully repaid.

How might the Eskay Creek gold stream affect Versamet Royalties’ future GEOs?

Versamet states the Eskay Creek gold stream is expected to contribute to its future attributable gold equivalent ounces (GEOs) and cash flows. Actual contributions will depend on Eskay Creek’s construction progress, timing of first production, and subsequent delivery profile under the streaming agreement.

What risks and cautions does Versamet Royalties highlight about this transaction?

Versamet notes that forward-looking statements about benefits, GEO contributions, and cash flows are subject to significant risks and uncertainties. It references detailed risk factors in its Annual Information Form and Form 20-F, and cautions that actual results may differ materially from current expectations.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number 001-43171

Versamet Royalties Corporation

(Translation of registrant’s name into English)

Suite 3200, 733 Seymour Street, Vancouver, British Columbia, V6B 0S6, Canada

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F   x  Form 40-F  ¨

SUBMITTED HEREWITH

EXHIBIT

99.1 News Release dated April 10, 2026.

- 2 -

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Versamet Royalties Corporation

/s/ Victoria McMillan

Victoria McMillan

Chief Financial Officer

Date: April 10, 2026

Exhibit 99.1 

  NEWS RELEASE
April 10, 2026

Versamet Royalties Completes Acquisition of Cornerstone

Canadian Gold Stream on Eskay Creek

All amounts are in U.S. dollars unless otherwise indicated.

Vancouver, BC: Versamet Royalties Corporation (“Versamet” or the “Company”) (NASDAQ: VMET, TSX: VMET) has completed the previously announced acquisition of a 3.52% gold stream (the “Gold Stream”) in respect of gold production from the Eskay Creek gold-silver project (“Eskay” or the “Project”) from fund entities managed by Orion Resource Partners LP and fund entities managed by affiliates of Blackstone Inc. (collectively, the “Vendors”).

Versamet paid an upfront cash payment of $340 million and issued 2,054,906 common shares to the Vendors. Versamet funded the upfront cash payment through an amended and restated credit facility (the “Amended Credit Facility”), which includes an increase of the existing revolving facility from $200 million to $250 million, maturing in March 2029, and a new term facility in the amount of $150 million, maturing in March 2028, for a combined total of $400 million, from the Bank of Montreal and National Bank of Canada. The Amended Credit Facility provides for a $100 million accordion on the revolving facility once the term facility has been repaid in full.

Gold Stream Summary

· Gold Stream: Under the Gold Stream, Versamet is entitled to receive 3.52% of the payable gold production for the life of the mine, provided that the mine successfully achieves certain completion tests on or before September 30, 2027. The Gold Stream is uncapped and has no step-downs or buydown provisions and includes an area of interest.

· Production Profile: Eskay is expected to produce an average of over 300,000 ounces of gold per year in its first 5 years and an average of approximately 230,000 ounces of gold per year over its initial 12 year life.¹

· Delivery Payments: For gold ounces delivered to the Gold Stream, Versamet will make ongoing cash payments equal to 10% of the spot gold price at the time of delivery.

· Other Terms:

o Gold Stream Percentage: If the completion tests are not satisfied by September 30, 2027, the stream percentage shall increase to 3.57%, 3.62% and 3.67% if completion is achieved in the first, second or third calendar quarters following September 30, 2027, respectively, and a further additional 0.13% per quarter for the remaining calendar quarters until satisfaction of the completion tests.

o Minimum Delivery Provision: If a cumulative total of 2.61 million ounces of payable gold applicable to the Gold Stream has not been produced by April 1, 2040, Versamet is entitled to a one-time delivery of gold equal to the difference between cumulative gold ounces delivered to the Gold Stream at the time and 2.61 million ounces multiplied by the Gold Stream percentage at the time.

o Security: The Gold Stream is secured over the Eskay Creek project assets.

NASDAQ: VMET, TSX: VMET 1 versamet.com

Full details of the transaction can be found in Versamet’s news release titled “Versamet Acquires Cornerstone Canadian Gold Stream on Eskay Creek” dated April 6, 2026.

About Versamet Royalties Corporation

Versamet is an emerging mid-tier precious metals royalty & streaming company focused on creating long-term per share value for its shareholders through the acquisition of high-quality assets. Versamet’s common shares trade on the NASDAQ and Toronto Stock Exchange under the symbol “VMET”.

For more information about Versamet, including additional details on our royalties and streams, please visit our website at versamet.com.

General inquiries:
Craig Rollins, General Counsel
Email: info@versamet.com
Telephone: 778-945-3948

Qualified Person

The scientific and technical information contained in this news release has been reviewed and approved by Diego Airo, P.Eng, Executive Vice President, Project Evaluation for Versamet and a member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia. Mr. Airo is a Qualified Person as defined in the National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budgets”, “scheduled”, “estimates”, “forecasts”, “predicts”, “projects”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the anticipated benefits of the Acquisition to the Company; the expected contribution of the Gold Stream to the Company’s attributable GEO production; Eskay Creek’s expected construction progress and the timing of first production; the Company’s expectations with respect to future attributable GEOs and cash flows; the expected commencement of deliveries under the Gold Stream; expectations regarding the Company’s capital structure following completion of the Transaction; and the Company’s future growth and acquisition strategy; and other statements regarding future plans, expectations, exploration potential, guidance, projections, objectives, estimates and forecasts (in general and in connection with respective asset updates), as well as our expectations with respect to such matters. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Versamet to control or predict, that may cause Versamet’s actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading “Risk Factors” in the Company’s Annual Information Form dated March 31, 2026 available for review on the Company’s profile at www.sedarplus.ca, as well as the Company’s Form 20-F filed with the Securities and Exchange Commission on March 4, 2026, available for review on the Company’s profile at www.sec.gov/edgar. Such forward-looking information represents management’s best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.

NASDAQ: VMET, TSX: VMET 2 versamet.com

Non-IFRS Measures

We have included, in this document, certain performance measures, including GEOs which is a non-IFRS measure. The presentation of such non-IFRS measure is intended to provide additional information and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. This non-IFRS measure do not have any standardized meaning prescribed by IFRS, and other companies may calculate these measures differently.

Technical and Third-Party Information

Except where otherwise stated, the disclosure in this news release relating to Eskay Creek is based on information publicly disclosed by the owners or operators of this property and information/data available in the public domain as at the date hereof and none of this information has been independently verified by Versamet. Specifically, as a royalty/stream holder, Versamet has limited, if any, access to the property subject to the royalties/streams. Although Versamet does not have any knowledge that such information may not be accurate, there can be no assurance that such third-party information is complete or accurate. Some information publicly reported by the owner or operator may relate to a larger property than the area covered by Versamet’s interests.

“Inferred mineral resources” have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Historical results or feasibility models presented herein are not guarantees or expectations of future performance.

Endnotes

1. Sources: Skeena news releases dated November 14, 2023, titled “Skeena Completes Positive Definitive Feasibility Study for Eskay Creek: After-Tax NPV (5%) of C$2.0 Billion, 43% IRR and 1.2 Year Payback” and March 31, 2026, titled “Skeena Gold & Silver Confirms Eskay Creek Reaches 49% Completion & Provides Project Update; Initial Production Remains on Schedule for Q2 2027”. Skeena Gold & Silver corporate presentation dated April 2026, titled “Developing the Next Tier 1 Gold & Silver Mine”. Technical Report titled “NI 43-101 Technical Report on Updated Feasibility Study” with effective date November 14, 2023, prepared by Sedgman Canada Limited. Gold equivalent calculated using $1,800/oz gold price and $23/oz silver price. All available on Skeena Gold & Silver’s website at skeenagoldsilver.com.

NASDAQ: VMET, TSX: VMET 3 versamet.com

Filing Exhibits & Attachments

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