Tether Holdings Acquires 8.1% Stake in Gold Royalty Corp.

Tether Holdings, S.A. de C.V., along with Tether Investments, S.A. de C.V. and Giancarlo Devasini, have filed a Schedule 13D disclosing an 8.1% ownership stake in Gold Royalty Corp. The stake consists of 13,809,085 common shares, acquired through open market purchases between August 25, 2025, and October 24, 2025. The purchases were made for investment purposes, and the Reporting Persons may increase or decrease their investment depending on various factors, including market conditions and the Issuer's business prospects. The filing also includes details of the Reporting Persons' backgrounds and their principal business activities.