Financing ·
On August 24, 2026, The Metals Royalty Company Inc. issued $140,035,000 aggregate principal amount of 8.00%…
TMCRMetals Royalty Co Inc.
On August 24, 2026, The Metals Royalty Company Inc. issued $140,035,000 aggregate principal amount of 8.00% Convertible Senior Secured Second Lien Notes due 2031 in a private placement at an issue price of 95%. Concurrently, the company entered into a Credit Agreement for a $25.0 million senior secured first lien term loan and issued 500,000 warrants to Macquarie Bank Limited with an exercise price of $8.6625 per share. The net proceeds were used to repay existing indebtedness under a facility with American Life & Security Corp., fund the acquisition of an additional one percent royalty interest in the Mesabi Iron Ore Mine for $105.0 million (consisting of $95.0 million cash and 4,365,079 common shares valued at $27.5 million), and for general corporate purposes. The company operates in the mining sector, holding royalty interests in mineral projects.