Based on conversations with shareholders and CEO Fred Bell, Tether's most likely intention is to be supportive long-term shareholders helping Elemental grow on a deal-by-deal basis, though option five is not mutually exclusive with opportunistic M&A and one-off co-investments.

factualpending

Speaker

Matt Guyger

Evidence Quote

based on hours of conversations I've had with with shareholders and folks close to the deal, including CEO Fred Bell, you know, my sense is that option five is is ultimately what's occurring here.

Source

Grant Williams and Matt Geiger: Investing During Crises and Navigating a Spirited Metals MarketCLEAR COMMODITY NETWORK
Created: 8/11/2026, 7:24:12 AM

My Notes

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