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The latest update is out from Canadian Gold Reserves ETR ( (TSE:MNT) ).
The Royal Canadian Mint has priced a follow-on underwritten offering of 638,583 gold exchange-traded receipts under its Canadian Gold Reserves program at C$74.42 per receipt, for gross proceeds of about C$47.5 million. Each receipt represents direct legal and beneficial ownership of physical gold bullion held in Ottawa and is listed on the Toronto Stock Exchange in both Canadian and U.S. dollars.
Proceeds from the offering will be used to purchase additional gold bullion on behalf of investors, with the new receipts being identical and fully fungible with those already outstanding. The deal, led by a syndicate of major Canadian investment banks and expected to close around February 12, 2026 subject to TSX approval, further deepens the Mint’s bullion-backed product base but leaves investors with no recourse to the Mint or the Government of Canada for any investment losses.
More about Canadian Gold Reserves ETR
The Royal Canadian Mint is a Canadian Crown corporation responsible for minting and distributing the country’s circulation coins and is among the world’s largest and most versatile mints. It produces collector coins, bullion products and national honours, operates London Good Delivery and COMEX-approved refining services, and offers exchange-traded receipt programs providing direct ownership in physical gold and silver bullion held at its facilities.
Average Trading Volume: 39,231
For detailed information about MNT stock, go to TipRanks’ Stock Analysis page.