Royal Canadian Mint Launches Follow-On Offering of Gold ETRs
News related to:Royal Canadian Mint · 3 min read
OTTAWA, Ontario, Sept. 21, 2026 /CourierPR/ -- The Royal Canadian Mint has announced the launch of a follow-on offering of gold exchange-traded receipts (ETRs) under its Canadian Gold Reserves program. The new ETRs will be listed on the Toronto Stock Exchange, with symbols "MNT" and "MNT.U" for Canadian and U.S. dollar-denominated shares, respectively.
Each ETR provides its holder with direct legal and beneficial ownership in physical gold bullion held in the custody of the Mint at its facilities in Ottawa, Ontario. The new ETRs will be identical to and fully fungible with the existing ETRs, ensuring seamless integration into the current structure. The net proceeds from the offering will be used to purchase additional gold bullion on behalf of the ETR holders.
The size of the offering and the price per ETR will be determined at the time of pricing. The closing of the offering is expected to occur on or about September 24, 2026, subject to market and other customary conditions, including approval from the Toronto Stock Exchange.
The offering is being managed by a syndicate of underwriters, with TD Securities Inc. and National Bank Financial Inc. co-leading the deal. The offering is being made on a prospectus-exempt basis pursuant to the terms of exemptive relief orders issued by the Ontario Securities Commission.
Important information about the ETRs and the offering is contained in the information statement dated September 21, 2026. This document will be accessible on SEDAR+ at www.sedarplus.ca and on the Mint’s website at www.reserves.mint.ca. Purchasers will be notified of the availability of the information statement through their investment dealer.
ETR holders are entitled to redeem their ETRs for physical gold bullion with a minimum purity of 99.99% or for cash. However, they have no recourse to the Mint or the Government of Canada for any loss on their investment. The ETRs have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
The Royal Canadian Mint has issued exchange-traded receipts under its Canadian Gold Reserves program, which provides holders with direct legal and beneficial ownership in physical bullion held in the custody of the Mint. For more information on the Canadian Gold Reserves program and the ETRs, visit the Canadian Gold Reserves’ website at www.reserves.mint.ca or the Mint’s issuer profile on SEDAR+ at www.sedarplus.ca.
The forward-looking information in this news release includes statements regarding the terms of the offering. The Royal Canadian Mint believes that the forward-looking information is based on information and assumptions which are current, reasonable, and complete. However, the company notes that these statements are subject to inherent risks and uncertainties surrounding future expectations. Readers are urged to consider the risks, uncertainties, and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information and statements.
The Royal Canadian Mint is the Crown corporation responsible for the minting and distribution of Canada's circulation coins. The Mint is one of the largest and most versatile mints in the world, producing award-winning collector coins, market-leading bullion products, as well as Canada’s prestigious military and civilian honours. As an established London Good Delivery and COMEX-approved refiner, the Mint also offers a full spectrum of best-in-class gold and silver refining services.