Mergers & Acquisitions ·
The Metals Royalty Company Inc. reported a net loss of $16.8 million for the six months ended June 30, 2026, driven by…
TMCRMetals Royalty Co Inc.
The Metals Royalty Company Inc. reported a net loss of $16.8 million for the six months ended June 30, 2026, driven by $9.6 million in share-based compensation and $7.3 million in general and administrative expenses, including direct listing costs. The company completed its direct listing on Nasdaq under ticker TMCR on April 8, 2026. On June 1, 2026, it acquired the Mesabi Royalty for a total purchase price of $132.5 million ($125 million cash and $7.5 million in shares), funded by an $80.1 million PIPE financing at $13.00 per share, a $42.1 million drawdown from a senior secured term loan facility, and existing deposits. The company also converted 3.1 million subscription receipts into common shares for $15.7 million in net proceeds. Total assets increased to $170.3 million, with royalty interests rising to $128.5 million. The Metals Royalty Company Inc. operates in the natural resources sector, acquiring and managing critical metal and mineral royalties and streaming interests.