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.

The Metals Royalty Company closed on the acquisition of an additional 1.0% Index-Priced Gross Overriding Production Royalty in the Mesabi Metallics iron ore project, doubling its total interest to 2.0%. The transaction was funded by a US$165 million financing package consisting of US$140 million in convertible senior secured second lien notes and a US$25 million senior secured term loan facility from Macquarie Bank. Proceeds also included the full repayment of existing indebtedness. The company anticipates potential annual royalty revenue of approximately US$22 million, rising to US$26 million with project expansion. This strategic move supports its focus on U.S. critical mineral security through acquiring and managing metals and mineral royalties.

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.

The Metals Royalty Company Inc. agreed to extend the closing date for its acquisition of an additional 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor in the Mesabi Metallics iron ore project from July 31, 2026, to August 15, 2026, with an option to further extend to August 21, 2026. The transaction will double TMCR’s total royalty interest in the Mesabi Project to 2.0%, bringing anticipated annual royalty cash flow to approximately $22 million per annum at 7.28 Mtpa over a 23-year mine life, with potential near-term revenue of approximately $26 million per annum at 8.5 Mtpa. Engineering and procurement are nearing full completion, the Concentrator Control Room is operational, and the Primary Crusher Building has completed start-up trials, supporting a timeline for full commissioning in Q3 and first production in Q4 2026. The Metals Royalty Company Inc. operates in the mining royalty and streaming sector, acquiring and managing royalties on mineral properties.

The Metals Royalty Company Inc. announced the completion of the first production blast at the Mesabi Metallics project. The company operates in the metals royalty sector, providing capital to mining operations through royalty and stream agreements.

The Metals Royalty Company Inc. issued a press release on June 30, 2026, providing an update regarding construction progress at the Mesabi Metallics site following an executive site visit. The company operates in the metals royalty industry, providing capital to mining projects in exchange for royalties.