Tether entities keep 12.6% Versamet (VMET) stake after internal share shift

Rhea-AI Filing Summary

Versamet Royalties Corporation’s major shareholder group led by Tether entities filed an amended Schedule 13D to reflect an internal share transfer. Effective June 25, 2026, Tether Investments transferred 8,870,456 common shares to Tether International, both wholly owned subsidiaries of Tether Global Investments Fund.

Following the transfer, the reporting persons still beneficially own 13,718,812 common shares, representing 12.6% of Versamet’s outstanding common shares, based on 108,590,241 shares outstanding as of May 19, 2026. Voting and dispositive power over these shares is shared among Tether Global Investments Fund, its subsidiaries, and Giancarlo Devasini.

Key Figures

Aggregate beneficial ownership: 13,718,812 shares Ownership percentage: 12.6% Tether Investments holdings: 4,848,356 shares +4 more

7 metrics

Aggregate beneficial ownership 13,718,812 shares Common shares beneficially owned by reporting persons

Ownership percentage 12.6% Percent of Versamet common shares represented by 13,718,812 shares

Tether Investments holdings 4,848,356 shares Common shares with shared voting and dispositive power

Tether International holdings 8,870,456 shares Common shares with shared voting and dispositive power

Shares outstanding baseline 108,590,241 shares Versamet common shares outstanding as of May 19, 2026

Tether Investments ownership share 4.5% Percent of Versamet common shares held by Tether Investments

Tether International ownership share 8.2% Percent of Versamet common shares held by Tether International

Key Terms

beneficially own, shared voting and dispositive power, Schedule 13D, sole administrator, +1 more

5 terms

beneficially own financial

"The Reporting Persons beneficially own an aggregate of 13,718,812 Common Shares"

Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.

shared voting and dispositive power financial

"Tether Global Investments Fund, S.I.C.A.F., S.A. and Giancarlo Devasini each have shared voting and dispositive power"

Schedule 13D regulatory

"This statement on amends the of Tether Global Investments Fund ... that was originally filed ... on March 12, 2026"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

sole administrator other

"Signature: /s/ Omar Rossi Name/Title: Omar Rossi, Sole Administrator"

Information Circular regulatory

"as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K"

An information circular is a formal document sent to shareholders before a corporate vote or major transaction that explains the proposal, background facts, financial terms, potential conflicts of interest and how to cast a vote. It matters to investors because it provides the key facts and risks needed to make an informed decision about their shares, like a detailed brochure you read before voting in a neighborhood association to understand who benefits and why.

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

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Available on EDGAR 06/29/2026 - 11:56 AM Accepted by SEC EDGAR 06/29/2026 - 11:55 AM Learn about SEC filing dates

FAQ

What change does Tether report in its Versamet (VMET) Schedule 13D/A?

The filing reports an internal transfer of 8,870,456 Versamet common shares from Tether Investments to Tether International. This adjustment updates ownership structure but leaves the group’s total beneficial stake and percentage ownership in Versamet unchanged at 13,718,812 shares, or 12.6%.

How large is Tether’s beneficial ownership stake in Versamet (VMET)?

Tether-related reporting persons beneficially own 13,718,812 Versamet common shares, representing 12.6% of the company’s outstanding shares. This percentage is calculated using 108,590,241 common shares outstanding as of May 19, 2026, as disclosed in Versamet’s information circular filed on Form 6-K.

Which Tether entities hold Versamet (VMET) shares after the amendment?

After the amendment, Tether Investments holds 4,848,356 Versamet common shares and Tether International holds 8,870,456 shares. Both entities are wholly owned subsidiaries of Tether Global Investments Fund, which, along with Giancarlo Devasini, shares voting and dispositive power over 13,718,812 shares.

Did the Tether group increase or reduce its Versamet (VMET) position?

The filing indicates no change in the aggregate number of Versamet shares beneficially owned by the Tether reporting persons. Only an internal transfer between Tether Investments and Tether International occurred, so the overall 13,718,812-share stake and 12.6% ownership level remain the same.

What percentage of Versamet (VMET) does each Tether entity hold?

Tether Investments beneficially owns 4,848,356 shares, or 4.5% of Versamet’s common shares. Tether International beneficially owns 8,870,456 shares, or 8.2%. These percentages are based on 108,590,241 Versamet common shares outstanding as of May 19, 2026, from the issuer’s information circular.

Who shares voting and dispositive power over Versamet (VMET) shares?

Tether Global Investments Fund and Giancarlo Devasini each have shared voting and dispositive power over 13,718,812 Versamet common shares. Tether Investments and Tether International have shared voting and dispositive power over 4,848,356 and 8,870,456 shares respectively, reflecting their roles within the reporting group.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 1)

VERSAMET ROYALTIES CORPORATION

(Name of Issuer)

Common Shares, no par value

(Title of Class of Securities)

92528V200

(CUSIP Number)

Tether Global Investments Fund
Final Av. La Revolucion, Edif. Centro, Corporativo Presidente Plaza, Nivel 12
San Salvador, H3, 00000
443333355842

Daniel Woodard
McDermott Will & Schulte LLP, One Vanderbilt Avenue
New York, NY, 10017
(212) 547-5400

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

06/25/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 92528V200

1

Name of reporting person

Tether Global Investments Fund, S.I.C.A.F., S.A.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

EL SALVADOR

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 13,718,812.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 13,718,812.00

11

Aggregate amount beneficially owned by each reporting person

13,718,812.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.6 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note in relation to Items 8, 10 and 11: Includes (i) 4,848,356 Common Shares, no par value per share ("Common Shares") of Versamet Royalties Corporation held by Tether Investments, S.A. de C.V., a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A.; and (ii) 8,870,456 Common Shares held by Tether International, S.A. de C.V., a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. Note in relation to Item 13: This percentage is calculated based upon 108,590,241 Common Shares outstanding on May 19, 2026, as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K filed with the Securities and Exchange Commission on May 28, 2026.

SCHEDULE 13D

CUSIP Number(s): 92528V200

1

Name of reporting person

Tether Investments, S.A. de C.V.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

EL SALVADOR

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 4,848,356.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 4,848,356.00

11

Aggregate amount beneficially owned by each reporting person

4,848,356.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

4.5 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note in relation to Item 13: This percentage is calculated based upon 108,590,241 Common Shares outstanding on May 19, 2026, as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K filed with the Securities and Exchange Commission on May 28, 2026.

SCHEDULE 13D

CUSIP Number(s): 92528V200

1

Name of reporting person

Tether International, S.A. de C.V.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

WC

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

EL SALVADOR

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 8,870,456.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 8,870,456.00

11

Aggregate amount beneficially owned by each reporting person

8,870,456.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.2 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Note in relation to Item 13: This percentage is calculated based upon 108,590,241 Common Shares outstanding on May 19, 2026, as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K filed with the Securities and Exchange Commission on May 28, 2026.

SCHEDULE 13D

CUSIP Number(s): 92528V200

1

Name of reporting person

Giancarlo Devasini

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

ITALY

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 13,718,812.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 13,718,812.00

11

Aggregate amount beneficially owned by each reporting person

13,718,812.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

12.6 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Note in relation to Items 8, 10 and 11: Includes (i) 4,848,356 Common Shares held by Tether Investments, S.A. de C.V., a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A.; and (ii) 8,870,456 Common Shares held by Tether International, S.A. de C.V., a wholly owned subsidiary of Tether Global Investments Fund, S.I.C.A.F., S.A. Note in relation to Item 13: This percentage is calculated based upon 108,590,241 Common Shares outstanding on May 19, 2026, as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K filed with the Securities and Exchange Commission on May 28, 2026.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, no par value
(b)	Name of Issuer: VERSAMET ROYALTIES CORPORATION
(c)	Address of Issuer's Principal Executive Offices: SUITE 320, 733 SEYMOUR STREET, Vancouver, BRITISH COLUMBIA, CANADA , V6B 0S6.
Item 1 Comment: This statement on Schedule 13D amends the Schedule 13D of Tether Global Investments Fund, S.I.C.A.F., S.A., an El Salvador entity, Tether Investments, S.A. de C.V., an El Salvador entity ("Tether Investments") and Giancarlo Devasini that was originally filed with the Securities and Exchange Commission (the "SEC") on March 12, 2026 (as amended, the "Schedule 13D") with respect to the Common Shares, no par value ("Common Shares") of Versamet Royalties Corporation, a corporation incorporated in British Columbia, Canada (the "Issuer"). This amendment to the Schedule 13D is being filed by Tether Global Investments Fund, S.I.C.A.F., S.A., Tether International, S.A. de C.V., an El Salvador entity, Tether Investments, and Giancarlo Devasini (collectively, the "Reporting Persons") and constitutes Amendment No. 1 to the Schedule 13D. Capitalized terms used but not defined herein have the meanings given to such terms in the Schedule 13D. Except as set forth herein, the Schedule 13D is unmodified.
Item 4.	Purpose of Transaction
	Item 4 is hereby amended and supplemented to add the following: Effective on June 25, 2026, Tether Investments transferred 8,870,456 Common Shares to Tether International, S.A. de C.V. (the "Transfer"). The Transfer resulted in no change in the aggregate number of Common Shares beneficially owned by the Reporting Persons.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Persons beneficially own an aggregate of 13,718,812 Common Shares, representing 12.6% of the outstanding shares of Class A Common Stock. This percentage is calculated based upon 108,590,241 Common Shares outstanding on May 19, 2026, as reported in the Issuer's Information Circular included as an exhibit to the Form 6-K filed with the Securities and Exchange Commission on May 28, 2026.
(b)	Tether Global Investments Fund, S.I.C.A.F., S.A. and Giancarlo Devasini each have shared voting and dispositive power with respect to 13,718,812 Common Shares. Tether Investments has shared voting and dispositive power with respect to 4,848,356 Common Shares. Tether International, S.A. de C.V. has shared voting and dispositive power with respect to 8,870,456 Common Shares.
(c)	Except for the Transfer, no transactions in the Common Shares were effected by the Reporting Persons since the Reporting Persons' in the last 60 days.
(d)	None.
(e)	Not applicable.
Item 7.	Material to be Filed as Exhibits.
	Schedule A Executive Officers and Directors 99.1 Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k).

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tether Global Investments Fund, S.I.C.A.F., S.A.

Signature:	/s/ Omar Rossi
Name/Title:	Omar Rossi, Sole Administrator
Date:	06/29/2026

Tether Investments, S.A. de C.V.

Signature:	/s/ Giancarlo Devasini
Name/Title:	Giancarlo Devasini, Sole Administrator
Date:	06/29/2026

Tether International, S.A. de C.V.

Signature:	/s/ Giancarlo Devasini
Name/Title:	Giancarlo Devasini, Sole Administrator
Date:	06/29/2026

Giancarlo Devasini

Signature:	/s/ Giancarlo Devasini
Name/Title:	Giancarlo Devasini, individually
Date:	06/29/2026