TMCR doubles Mesabi royalty stake with $165M financing

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Go back to TMCR doubles Mesabi royalty stake with $165M financing

The Metals Royalty Company Announces Closing of Additional 1.0% Mesabi Royalty and US$165 Million Financing

August 24, 2026 4:15 PM EDT

Acquisition Doubles TMCR's Mesabi Royalty Interest to 2.0%; Anticipated Annual Royalty Revenue of Approximately US$22 Million, with a Pathway to US$26 Million

LONDON, UK / ACCESS Newswire / August 24, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company") (Nasdaq: TMCR), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that it has closed on its previously announced option to acquire an additional 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor (the "Additional Mesabi Royalty") in... More