<SEC-DOCUMENT>0001104659-25-102219.txt : 20251024
<SEC-HEADER>0001104659-25-102219.hdr.sgml : 20251024
<ACCEPTANCE-DATETIME>20251024182849
ACCESSION NUMBER:		0001104659-25-102219
CONFORMED SUBMISSION TYPE:	SCHEDULE 13D
PUBLIC DOCUMENT COUNT:		4
FILED AS OF DATE:		20251024
DATE AS OF CHANGE:		20251024

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Metalla Royalty & Streaming Ltd.
		CENTRAL INDEX KEY:			0001722606
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		EIN:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-90241
		FILM NUMBER:		251417153

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		543 GRANVILLE STREET
		STREET 2:		SUITE 501
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1
		BUSINESS PHONE:		(604)696-0741

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		543 GRANVILLE STREET
		STREET 2:		SUITE 501
		CITY:			VANCOUVER
		PROVINCE COUNTRY:   	A1

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Tether Holdings, S.A. de C.V.
		CENTRAL INDEX KEY:			0002025889
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			H3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13D

	BUSINESS ADDRESS:	
		STREET 1:		FINAL AV. LA REVOLUCION, EDIF. CENTRO
		STREET 2:		CORPORATIVO PRESIDENTE PLAZA, NIVEL 12
		CITY:			SAN SALVADOR
		STATE:			H3
		ZIP:			00000
		BUSINESS PHONE:		443333355842

	MAIL ADDRESS:	
		STREET 1:		FINAL AV. LA REVOLUCION, EDIF. CENTRO
		STREET 2:		CORPORATIVO PRESIDENTE PLAZA, NIVEL 12
		CITY:			SAN SALVADOR
		STATE:			H3
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Tether Holdings Ltd
		DATE OF NAME CHANGE:	20240604
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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  <headerData>
    <submissionType>SCHEDULE 13D</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Tether Holdings, S.A. de C.V. -->
          <cik>0002025889</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Shares, without par value</securitiesClassTitle>
      <dateOfEvent>10/20/2025</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001722606</issuerCIK>
        <issuerCUSIP>59124U605</issuerCUSIP>
        <issuerName>Metalla Royalty &amp; Streaming Ltd.</issuerName>
        <address>
          <com:street1>543 Granville Street</com:street1>
          <com:street2>Suite 501</com:street2>
          <com:city>Vancouver</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6C 1X8</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Tether Holdings, S.A. de C.V.</personName>
          <personPhoneNum>4420 4621 1793</personPhoneNum>
          <personAddress>
            <com:street1>Final Av. La Revolucion, Edif. Centro</com:street1>
            <com:street2>Corporativo Presidente Plaza, Nivel 12</com:street2>
            <com:city>San Salvador</com:city>
            <com:stateOrCountry>H3</com:stateOrCountry>
            <com:zipCode>00000</com:zipCode>
          </personAddress>
        </notificationInfo>
        <notificationInfo>
          <personName>Daniel Woodard</personName>
          <personPhoneNum>(212) 547-5400</personPhoneNum>
          <personAddress>
            <com:street1>McDermott Will &amp; Schulte LLP</com:street1>
            <com:street2>One Vanderbilt Avenue</com:street2>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10017</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0002025889</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Tether Holdings, S.A. de C.V.</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>Y</legalProceedings>
        <citizenshipOrOrganization>H3</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5100369.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5100369.00</sharedDispositivePower>
        <aggregateAmountOwned>5100369.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.5</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Note in relation to Items 8, 10 and 11: Includes 5,100,369 common shares, no par value ("Common Shares") of Metalla Royalty &amp; Streaming Ltd. held by Tether Investments, S.A. de C.V., a controlled subsidiary of Tether Holdings, S.A. de C.V. Note in relation to Item 13: This percentage is calculated based upon 92,542,378 Common Shares outstanding on August 14, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 14, 2025.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002049832</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Tether Investments, S.A. de C.V.</reportingPersonName>
        <fundType>WC</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>H3</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5100369.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5100369.00</sharedDispositivePower>
        <aggregateAmountOwned>5100369.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.5</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Note in relation to Item 13: This percentage is calculated based upon 92,542,378 Common Shares outstanding on August 14, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 14, 2025.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0002050373</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Giancarlo Devasini</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>L6</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>5100369.00</sharedVotingPower>
        <soleDispositivePower>0.00</soleDispositivePower>
        <sharedDispositivePower>5100369.00</sharedDispositivePower>
        <aggregateAmountOwned>5100369.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>5.5</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>Note in relation to Items 8, 10 and 11: Includes 5,100,369 Common Shares held by Tether Investments, S.A. de C.V., a controlled subsidiary of Tether Holdings, S.A. de C.V. Mr. Devasini has a greater than 50% voting interest in Tether Holdings, S.A. de C.V. The reporting person disclaims beneficial ownership of these shares except to the extent of the reporting person's pecuniary interest. Note in relation to Item 13: This percentage is calculated based upon 92,542,378 Common Shares outstanding on August 14, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 14, 2025.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Shares, without par value</securityTitle>
        <issuerName>Metalla Royalty &amp; Streaming Ltd.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>543 Granville Street</com:street1>
          <com:street2>Suite 501</com:street2>
          <com:city>Vancouver</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6C 1X8</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>This statement on Schedule 13D relates to the common shares, without par value ("Common Shares") of Metalla Royalty &amp; Streaming Ltd., a Canadian corporation (the "Issuer"). The Common Shares are listed on the NYSE American Market under the ticker symbol "MTA".</commentText>
      </item1>
      <item2>
        <filingPersonName>This statement is being filed by Tether Holdings, S.A. de C.V., Tether Investments, S.A. de C.V. and Giancarlo Devasini (collectively, the "Reporting Persons"). Certain information regarding Tether Holdings, S.A. de C.V., Tether Investments, S.A. de C.V. and their respective executive officers and directors is set forth on Schedule A attached hereto.</filingPersonName>
        <principalBusinessAddress>The principal business address of the Reporting Persons is Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador.</principalBusinessAddress>
        <principalJob>The principal business of Tether Investments, S.A. de C.V. is primarily to make strategic investments in emerging technologies, such as artificial intelligence and peer-to-peer platforms, sustainable Bitcoin mining operations, and digital education initiatives. Tether Investments, S.A. de C.V. is also involved in funding and supporting projects that enhance financial inclusion and build resilient financial infrastructure worldwide. Tether Holdings, S.A. de C.V. is the holding company for the Tether Group. The principal occupation of Giancarlo Devasini is to serve as President of Tether Holdings, S.A. de C.V.</principalJob>
        <hasBeenConvicted>None</hasBeenConvicted>
        <convictionDescription>None</convictionDescription>
        <citizenship>See Item 6 of the respective cover page of each Reporting Person.</citizenship>
      </item2>
      <item3>
        <fundsSource>Tether Investments, S.A. de C.V. used cash from working capital to make the purchases of Common Shares listed on Schedule B hereto.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>The information set forth in Item 3 of this Schedule 13D is incorporated by reference in its entirety into this Item 4.

The Reporting Persons have acquired the Common Shares acquired to date for investment purposes, and may from time to time increase (through the acquisition of additional securities of the Issuer) or decrease (through the sale of all or a portion of the Common Shares) their investment in the Issuer, depending upon multiple factors, including the price and availability of the Issuer's securities, subsequent developments affecting the Issuer, the Issuer's business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, conditions in the industries and jurisdictions in which the Issuer and its subsidiaries operate, tax considerations and other factors. The Reporting Persons intend to review the Reporting Persons' investments in the Issuer from time to time and, in the course of such review, the Reporting Persons may take any of the foregoing actions with respect to their investment in the Issuer, or make other decisions or take other actions with respect to the Issuer. These decisions and actions may include communicating from time to time with the board of directors of the Issuer (the "Board"), members of management of the Issuer, other stockholders of the Issuer or other third parties with respect to the evaluation or implementation of strategic alternatives relating to the Issuer, engaging legal, financial, regulatory, technical, industry and/or other advisors to assist in any review or in making recommendations with respect to such decisions or actions, and taking steps to implement alternative courses of action relating to the Issuer, including courses of action that may be recommended by such advisors. Such courses of action may involve, without limitation, the proposal of or support for extraordinary corporate transactions (including an acquisition, merger, reorganization or other similar transaction or liquidation) involving the Issuer or any of its subsidiaries, including a public offer for all or part of the Issuer's securities, a business combination involving the Issuer or any of its subsidiaries, a sale or transfer of a material amount of assets of the Issuer or any of its subsidiaries; changes in the present business, operations, strategy, future plans or prospects of the Issuer, financial or governance matters, changes to the Board (including board composition) or management of the Issuer, changes to the capitalization, ownership structure, dividend policy, business or corporate structure or governance documents of the Issuer, or any action similar to those enumerated above. Such discussions and actions may be preliminary and exploratory in nature, and not rise to the level of a plan or proposal.

Other than as described above, the Reporting Persons do not currently have any plans or proposals that relate to, or may result in, any of the matters listed in subparagraphs (a) through (j) of Item 4 of Schedule 13D. However, as part of their ongoing evaluation of this investment and investment alternatives, the Reporting Persons may consider such matters and, subject to applicable law, may formulate a plan or proposal with respect to such matters, and, from time to time, may hold discussions with or make formal proposals to the Board, members of management of the Issuer, other stockholders of the Issuer or other third parties regarding such matters.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>The Reporting Persons beneficially own an aggregate of 5,100,369 Common Shares, representing 5.5% of the outstanding Common Shares. This percentage is calculated based on 92,542,378 Common Shares outstanding on August 14, 2025, as reported in the Issuer's Form 6-K filed with the Securities and Exchange Commission on August 14, 2025.</percentageOfClassSecurities>
        <numberOfShares>Each of the Reporting Persons has voting and dispositive power with respect to the beneficially owned 5,100,369 Common Shares.</numberOfShares>
        <transactionDesc>Schedule B sets forth the transactions in the Common Shares effected by the Reporting Persons during the past 60 days.</transactionDesc>
        <listOfShareholders>None.</listOfShareholders>
        <date5PercentOwnership>Not applicable.</date5PercentOwnership>
      </item5>
      <item6>
        <contractDescription>The information set forth in Item 4 of this Schedule 13D is incorporated herein by reference.</contractDescription>
      </item6>
      <item7>
        <filedExhibits>Schedule A       Executive Officers and Directors
Schedule B       Open Market Purchases
99.1                   Agreement of filing persons relating to filing of joint statement per Rule 13d-1(k).</filedExhibits>
      </item7>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Tether Holdings, S.A. de C.V.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Giancarlo Devasini</signature>
          <title>Giancarlo Devasini, President</title>
          <date>10/24/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Tether Investments, S.A. de C.V.</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Giancarlo Devasini</signature>
          <title>Giancarlo Devasini, Sole Administrator</title>
          <date>10/24/2025</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Giancarlo Devasini</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Giancarlo Devasini</signature>
          <title>Giancarlo Devasini, individually</title>
          <date>10/24/2025</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>

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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(A)
<SEQUENCE>2
<FILENAME>tm2529363-2_ex99a.htm
<DESCRIPTION>SCHEDULE A
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Schedule A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Executive Officers and Directors</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following sets forth the name, country of
citizenship, position and principal occupation of each executive officer and member of the board of directors of Tether Holdings, S.A.
de C.V. and Tether Investments, S.A. de C.V. Except as indicated below, none of the persons listed below has been convicted of a crime
(other than traffic violations or similar misdemeanors) or been subject to proceedings pertaining to violations of securities laws within
the past 5 years.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Executive Officers and Directors of Tether Holdings, S.A. de
C.V.</U></B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: black 1pt solid; padding: 5pt; width: 30%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Name and Citizenship</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 20%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Position and Principal Occupation</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 15%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Beneficial Ownership</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 35%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Business Address</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Giancarlo Devasini, citizen of Italy</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">President</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">5,100,369
(1)</P></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid">
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ludovicus Jan Van der Velde, citizen of the Netherlands</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alternate President</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Paolo Ardoino, citizen of Italy</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Secretary</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Josue Lopez,  citizen of El Salvador</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alternate Secretary</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B><U>Executive Officers and Directors of Tether Investments, S.A.
de C.V.</U></B>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: black 1pt solid; padding: 5pt; width: 30%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Name and Citizenship</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; vertical-align: bottom; width: 20%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Position and Principal Occupation</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 15%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Beneficial Ownership</U></B></FONT></TD>
    <TD STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 35%; padding: 5pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B><U>Business Address</U></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Giancarlo Devasini, citizen of Italy</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sole Administrator</FONT></TD>
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid"><P STYLE="margin-top: 0; margin-bottom: 0">5,100,369
(1)</P></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 5pt; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Paolo Ardoino, citizen of Italy</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Alternate Administrator </FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">0</FONT></TD>
    <TD STYLE="padding: 5pt; border-bottom: black 1pt solid; border-right: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Final Av. La Revolucion, Colonia San Benito, Edif. Centro, Corporativo Presidente Plaza, Nivel 12, Oficina 2, Distrito de San Salvador, Municipio de San Salvador Centro, Republica de El Salvador</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 24px">&nbsp;</TD>
    <TD STYLE="width: 25px"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Includes 5,100,369 common
    shares, without par value ("Common Shares") of Metalla Royalty &amp; Streaming Ltd. held by Tether Investments, S.A. de C.V., a
    wholly owned subsidiary of Tether Holdings, S.A. de C.V.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In October 2021, the U.S. Commodity Futures Trading
Commission (CFTC) instituted and settled regulatory proceedings against Tether Holdings, S.A. de C.V. (then Tether Holdings Limited),
Tether Limited, Tether Operations Limited, and Tether International Limited (collectively, &ldquo;Tether&rdquo;) by way of an order accepting
Tether&rsquo;s payment of a civil monetary penalty of $41 million without admitting or denying any of the CFTC&rsquo;s findings or conclusions.
The order settled CFTC allegations that, from June 2016 to February 2019, Tether made untrue or misleading statements and omissions of
material fact or omitted to state material facts necessary to make statements made not true or misleading in connection with, among other
things, whether USDT was fully backed by U.S. Dollars held in bank accounts in Tether&rsquo;s name.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In February 2021, the Office of the Attorney General
of the State of New York (NYAG) entered into an agreement with Tether and several Bitfinex (a group of companies with which Tether is
affiliated) companies to settle a 2019 proceeding brought by NYAG seeking an injunction related to, among other things, the transfer of
certain funds by and among Bitfinex and Tether. Without admitting or denying NYAG&rsquo;s findings, Bitfinex and Tether agreed to settle
the NYAG proceeding by paying $18.5 million in penalties to the State of New York. The agreement further required Bitfinex and Tether
to discontinue any trading activity with New York persons or entities and to submit to mandatory reporting on certain business functions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.(B)
<SEQUENCE>3
<FILENAME>tm2529363-2_ex99b.htm
<DESCRIPTION>SCHEDULE B
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Schedule B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The following table lists all transactions completed
by the Reporting Persons in the Common Shares since August 25, 2025, which were all completed through open market purchases.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Tether Investments, S.A. de C.V.:</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; width: 34%; vertical-align: top"><B>Date</B></TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; text-align: left; width: 33%; vertical-align: top"><B>Shares
    Bought</B></TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; text-align: left; width: 33%; vertical-align: top"><B>Price</B></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">August 25, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">76,859</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">4.5309</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">August 26, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">127,004</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">4.7537</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">August 27, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">88,610</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">4.9596</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">August 28, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">73,854</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5210</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">August 29, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">89,998</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.3736</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 2, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">138,889</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.6628</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 3, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">111,011</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.6511</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 4, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">106,114</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.4428</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 5, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">96,622</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5893</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 8, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">100</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.6000</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 8, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">116,460</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5875</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 9, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">86,059</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5886</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 10, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">87,305</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5637</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 11, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">109,580</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.6848</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 12, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">178,769</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.7009</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 15, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">113,265</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.6677</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 16, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">91,852</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5704</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 17, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">79,500</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5160</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 18, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">75,229</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.5061</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 19, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">123,673</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.8044</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 22, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">66,398</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.9173</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 23, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">63,996</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.0275</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 24, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">49,922</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.0084</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 25, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">63,100</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">5.9724</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 26, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">62,044</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.1382</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 29, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">56,337</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.2676</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">September 30, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">56,947</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.3342</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 1, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">73,654</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.4844</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 2, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">120,610</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.4392</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 3, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">130,659</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.6086</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 6, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">119,188</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.9520</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 7, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">83,016</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.8476</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 8, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">70,792</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.9647</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 9, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">129,582</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.7281</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 10, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">105,054</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.6962</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 13, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">105,735</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">7.2456</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 14, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">116,340</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">7.1344</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 15, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">82,912</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">7.4237</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 16, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">42,512</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">7.5719</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 17, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">55,315</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.9186</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 20, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">66,051</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">7.1997</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">October 21, 2025</TD>
    <TD STYLE="padding: 3pt; border-top: Black 1pt solid; border-left: Black 1pt solid; vertical-align: top; text-align: left">355,136</TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">6.9642</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding: 3pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">October 22, 2025</TD>
    <TD STYLE="padding: 3pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-top: Black 1pt solid; vertical-align: top; text-align: left">91,367</TD>
    <TD STYLE="padding: 3pt; border: Black 1pt solid; vertical-align: top; text-align: left">6.8620</TD></TR>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt; width: 34%; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 23, 2025</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt; width: 33%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;96,684</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt; width: 33%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.0751</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">October 24, 2025</FONT></TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">69,518</FONT></TD>
    <TD STYLE="padding: 3pt; border-right: Black 1pt solid; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.0172</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>


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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>4
<FILENAME>tm2529363d2_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Joint Filing Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In accordance with Rule 13d-1(k) promulgated
under the Securities Exchange Act of 1934, as amended, each of the persons named below agrees to the joint filing of this Schedule
13D, including further amendments thereto, with respect to the common shares, without par value, of Metalla Royalty &amp;
Streaming Ltd. held by and further agrees that this Joint Filing Agreement be filed with the Securities and Exchange Commission as
an exhibit to such filing; provided, however, that no person shall be responsible for the completeness or accuracy of the
information concerning the other persons making the filing unless such person knows or has reason to believe such information is
inaccurate (as provided in Rule 13d-1(k)(1)(ii)). This Joint Filing Agreement may be executed in one or more counterparts, all of
which together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">IN WITNESS WHEREOF, the persons named below have
executed this Joint Filing Agreement as of the date set forth below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><P STYLE="margin-top: 0; margin-bottom: 0">October 24, 2025</P></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TETHER HOLDINGS, S.A. DE C.V.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Giancarlo Devasini</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:&nbsp;&nbsp; </FONT></TD>
    <TD>Giancarlo Devasini</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"> President</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Tether Investments,
    S.A. DE C.V.</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="2"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 50%"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Giancarlo Devasini</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Giancarlo Devasini</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: </FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Sole Administrator</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 50%; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    Giancarlo Devasini</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Giancarlo Devasini, individually
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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