MTA Overview

Tether's Investment Strategy: Tether is investing over $300 million into gold royalties, acquiring significant stakes in companies like Elemental Altus Royalties, to diversify its portfolio and hedge against regulatory risks associated with dollar-backed stablecoins.

Regulatory Landscape: With new U.S. regulations on stablecoins requiring reserves in cash or Treasury bills, Tether's offshore operations in El Salvador may allow it to navigate these rules while preparing for potential restrictions on USDT trading in the U.S. market.

Gold's Growing Importance: Tether's move aligns with a broader trend of central banks and governments increasing their gold reserves, indicating a structural shift in how money is managed globally, with gold becoming a viable alternative to the dollar.

Market Implications: Tether's actions signal a potential future where stablecoins may need to incorporate hard assets like gold, prompting traders to consider the implications of these investments on the intersection of gold and digital currencies.

Private Placement Increase: Galantas Gold Corporation has increased its private placement offering to raise up to C$13.5 million, consisting of 168,750,000 units priced at C$0.08 each, with an additional over-allotment option of C$2,025,000 for further units.

Acquisition of RDL Mining: The company is progressing with the acquisition of RDL Mining Corp., where RDL shareholders will receive approximately 132 million common shares, representing 49.99% of the company post-transaction, along with a net smelter returns royalty related to the Indiana Project.

Use of Proceeds: The net proceeds from the offering will be allocated to exploration work on the Indiana Project, option payments, and general corporate purposes, with completion expected around December 10, 2025, pending regulatory approvals.

Trading Halt: Trading of Galantas shares is currently halted in accordance with TSXV policy, and the company emphasizes that the securities offered have not been registered under U.S. securities laws and cannot be sold in the U.S. without proper registration or exemptions.