Royal Canadian Mint Announces Follow-On Offering of Gold Exchange-Traded Receipts

Core Viewpoint - The Royal Canadian Mint has announced a follow-on offering of exchange-traded receipts (ETRs) under its Canadian Gold Reserves program, aimed at providing investors with direct ownership in physical gold bullion held by the Mint [1][2]. Offering Details - The ETRs provide holders with legal and beneficial ownership in physical gold bullion stored at the Mint's facilities in Ottawa, Ontario [2]. - The new ETRs will be identical and fully fungible with the existing ETRs, with proceeds from the offering used to purchase additional gold bullion [2]. - The size and price of the offering will be determined at the time of pricing, with the closing expected around February 12, 2026, subject to market conditions and Toronto Stock Exchange approval [3]. Underwriting and Regulatory Information - The offering is being conducted by a syndicate of underwriters co-led by TD Securities Inc. and National Bank Financial Inc., on a prospectus-exempt basis as per the Ontario Securities Commission's exemptive relief orders [4]. - Important information regarding the ETRs and the offering is available in the information statement dated February 9, 2026, accessible on SEDAR+ and the Mint's website [5][8]. Company Background - The Royal Canadian Mint is a Crown corporation responsible for minting and distributing Canada's circulation coins, recognized as one of the largest and most versatile mints globally, producing various bullion products and collector coins [9].