Metals Royalty Co Inc.

Metals Royalty Co Inc. filed an F-1 registration statement to register 6,843,952 common shares for resale by various selling shareholders. These shares include those issued in a private placement (PIPE), for a royalty acquisition, as payment for services, and as commitment fees. The company will not receive any proceeds from the sale of these shares. Metals Royalty Co focuses on acquiring and managing critical metals and mineral royalties, with its current portfolio including the NORI Royalty and the Mesabi Royalty, both on development-stage properties.

Metals Royalty Co Inc. has successfully closed the acquisition of a 1.0% Index-Priced Gross Overriding Production Royalty on the Mesabi Metallics iron ore project for $132.5 million, including $7.5 million in share consideration. Concurrently, the company exercised an option to acquire an additional 1.0% royalty interest, which, if completed by July 31, 2026, would double its royalty position and anticipated annual cash flow. The Mesabi Project is expected to commence commissioning in H2 2026, potentially generating up to $13.0 million in annual royalty cash flow from the initial 1.0% royalty. Additionally, Michael Hess was appointed Non-Executive Co-Chairman, strengthening the company's leadership.

Metals Royalty Co Inc. announced a definitive agreement to acquire a 1.0% gross overriding production royalty on the Mesabi iron ore project for $132.5 million, funded by an $80.0 million PIPE financing and a $50.0 million credit facility. For Q1 2026, the company reported a net loss from continuing operations of $(10.2) million, a significant increase from $(0.1) million in Q1 2025, primarily due to higher general and administrative and share-based compensation expenses. The company also completed its Nasdaq direct listing and converted subscription receipts, boosting cash to $31.3 million.

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.

Metals Royalty Co Inc. (TMCR) has entered into a definitive agreement to acquire a 1.0% Index-Priced Gross Overriding Production Royalty on the Mesabi Metallics iron ore project in Minnesota for $132.5 million. This strategic acquisition is financed through a $75 million PIPE financing and up to a $50 million acquisition credit facility. The Mesabi Project, a large-scale DR-grade iron ore project, is expected to begin production in H2 2026, providing TMCR with near-term cash flow and aligning with U.S. critical mineral security and green steel transition goals.