Tether acquires 31.9% stake in gold-focused royalty company

Tether Investments, an affiliate of the Tether Group, has acquired a 31.9% stake in Elemental Altus Royalties Corp., a Canadian gold-focused royalty company, according to an official announcement on Tether's website. The transaction, completed on June 10, involved the purchase of 78.4 million shares from La Mancha Investments.