AcquisitionsMay 7, 2026, 04:20 PM
Metals Royalty Co Acquires Royalty Interest for $132.5M
AI Summary
Metals Royalty Co Inc., through its subsidiary TMCR USA Operations Inc., has entered into a royalty purchase agreement to acquire a royalty interest from Ironclad Royalties, LLC for $132.5 million. The consideration comprises $125 million in cash and $7.5 million in common shares of Metals Royalty Co Inc. A $15 million cash deposit has been made, and the agreement also includes an option to acquire an additional royalty interest.
Key Highlights
- Metals Royalty Co Inc. (TMCR) acquired a royalty interest for $132,500,000.
- The purchase price includes $125,000,000 in cash and $7,500,000 in common shares.
- A $15,000,000 cash advance deposit was made against the cash consideration.
- The agreement includes an option to purchase an additional royalty interest.
- The common shares will be valued at $13.00 per share, consistent with the Equity and Debt Financing.
- The acquisition is for a royalty interest in a DR Grade Iron Ore Pelletization plant and mine in Nashwauk, Minnesota.
- Closing is expected by May 31, 2026, subject to conditions and regulatory approvals.
Price Impact
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