Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company.
The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure.
On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares.
This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement.
Tether CEO Paolo Ardoino said: “Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system**.** Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value.
“By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.”
Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV.
The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions.
The option is exercisable no earlier than 29 October 2025, pending Elemental's consent.
Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining.
This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings.
Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m).
This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China.
Story Continues"Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
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Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets
Tether Investments, an affiliate of the Tether Group, has announced the acquisition of a 31.9% stake in Elemental Altus Royalties, a Canadian gold-focused royalty company.
The move is part of Tether's strategy to incorporate stable, long-term assets such as gold and Bitcoin into its ecosystem, enhancing its commitment to a resilient and decentralised digital economy infrastructure.
On 10 June 2025, Tether Investments executed the transaction by purchasing 78,421,780 common shares from La Mancha Investments, representing 31.9% of Elemental's issued and outstanding shares.
This transaction, known as the La Mancha Shares deal, was conducted offshore through a private agreement.
Tether CEO Paolo Ardoino said: “Tether’s growing investments in gold and Bitcoin reflect our forward-looking strategy to build a more resilient and transparent financial system**.** Just as Bitcoin provides the ultimate decentralised hedge against monetary inflation, gold continues to be a time-tested store of value.
“By gaining exposure to a diversified portfolio of gold royalties through Elemental, we are strengthening the backing of our ecosystem while advancing Tether Gold and future commodity-backed digital assets. This is not just about investment – it is about building financial infrastructure for the next century.”
Concurrently with the acquisition of the La Mancha Shares, Tether Investments entered into an Alpha 1 Option Agreement with AlphaStream and its subsidiary, Alpha 1 SPV.
The agreement grants Tether Investments the option to purchase an additional 34,444,580 common shares of Elemental, known as the Alpha 1 Shares, under specific terms and conditions.
The option is exercisable no earlier than 29 October 2025, pending Elemental's consent.
Elemental Altus Royalties provides Tether with a broad-based investment in worldwide gold output via a royalties and streaming approach, circumventing the inherent operational hazards associated with mining.
This approach aligns with Tether's inclination towards calculated, minimal-risk investments in tangible assets, aiming to boost the transparency and solidity of its digital financial offerings.
Elemental Altus Royalties has also solidified its asset portfolio by signing a deal with Cornish Metals in July 2024, acquiring two tungsten royalties in Canada for C$6.19m ($4.5m).
This acquisition includes an uncapped 4% net smelter return royalty on the high-grade Mactung Project, operated by Fireweed Metals, which is recognised as one of the world's largest tungsten deposits outside China.
Story Continues"Tether Investments acquires stake in Elemental Altus, expands into gold-backed assets" was originally created and published by Mining Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
View Comments