The Metals Royalty Company Inc. files a prospectus supplement registering the resale of 55,061,113 common shares by identified holders. The supplement accompanies disclosures of a $132.5M royalty purchase agreement to buy a portion of an iron‑ore royalty on the Mesabi project, including a $125M cash component and $7.5M of common shares, funded in part by a private placement and a proposed credit facility. The Company agreed to a private placement of 6,004,330 shares at $13.00 per share (gross proceeds ~$78M) and has a credit facility term sheet for a senior secured term loan with net proceeds up to $50M at an initial interest rate of 9.00% per annum. Closing of the Purchased Royalty is conditional on customary items, including completion of the equity financing, technical reports under Regulation S‑K 1300, title opinions, and consents; the Private Placement closing and resale registration are linked to that closing.
The Metals Royalty Company Inc. agreed to buy a major iron ore royalty on Mesabi Metallics’ Nashwauk, Minnesota project for $132.5 million, plus an option to acquire an additional royalty for a further $132.5 million. The initial deal combines $125 million in cash and $7.5 million in common shares, backed by a non‑refundable $15 million deposit subject to limited refund conditions.
To help fund the cash portion, the company arranged a private placement of 6,004,330 common shares at $13.00 per share, raising about $78 million in gross proceeds, and signed a term sheet for a senior secured term loan with up to $51.8 million in principal and up to $50 million in net cash proceeds at a base interest rate of 9.00% per year. The term loan would mature 36 months after funding and includes increasing coupon step‑ups, amortization starting in month 13, mandatory prepayments from future financings and make‑whole and call premiums.
The Metals Royalty Company Inc. agreed to acquire a $132.5 million royalty interest on the Mesabi Metallics iron ore project in Minnesota, structured as a 1.0% index-priced gross overriding production royalty with a $150-per-tonne revenue floor on output up to 8.5 Mtpa and a smaller royalty above that level.
The project targets first production in H2 2026 with ramp-up in 2027 and initial annual royalty cash flow potential of up to about $13 million. To fund the purchase, TMCR arranged an allocated $75 million PIPE at $13.00 per share, including $15 million from founders and insiders, plus a term sheet for a senior secured credit facility of up to $50 million.
Mesabi Metallics plans about $2.5 billion of project investment backed by Essar Group, with a mine life of at least 23 years and support from lenders including Breakwall Capital, Macquarie Group and the U.S. Export-Import Bank.
The Metals Royalty Company Inc. files its Form 20-F as a newly listed royalty company focused on a single 2% gross proceeds royalty over TMC’s deep-sea NORI Property. The asset is pre-production, relies on unproven subsea mining technologies and complex international permitting, and may never generate revenue.
The report highlights dependence on TMC’s financial health, U.S. and international policy toward offshore critical minerals, and volatile prices for nickel, copper, cobalt and manganese. As of December 31, 2025, TMCR had 50,926,632 common shares outstanding and identified a material weakness in internal control over financial reporting.
Ownership is concentrated, with directors, officers and large holders controlling about 29.48% of voting power, and significant potential dilution from a CEO performance plan granting up to 3,000,000 PRSUs (about 5.5% of shares) and additional equity issuances, including a $100 million standby equity purchase agreement.
TMC the metals company Inc. reports a 13,846,154-share stake in Metals Royalty Co Inc, representing 25.15% of the class. The filing states this percentage was calculated using 55,061,113 Common Shares issued and outstanding as described in the issuer's Registration Statement on Form F-1 filed on March 27, 2026. The reporting entity discloses sole voting and dispositive power over the shares.
Metals Royalty Co Inc. director Chaumer Jorge Rafael Fonseca filed an initial statement of ownership, reporting equity interests rather than new market transactions. He holds 37,500 Common Shares in the form of restricted share units that vest in three equal annual installments starting on November 10, 2025.
He also holds a stock option covering 37,500 Common Shares with an exercise price of $5.0000 per share, expiring on November 9, 2035. This option vests and becomes exercisable in four equal annual installments commencing on November 10, 2025, conditioned on his continued service with the company on each vesting date.
Metals Royalty Co Inc. executive Donald Richard Sewell filed an initial ownership report showing his equity stake in the company. He directly holds 873,688 common shares as of April 7, 2026.
The position includes 57,500 restricted share units that vest in three equal annual installments starting November 10, 2025 and 43,125 RSUs that vest only if specified share price and market capitalization targets are met and certified by the board. He also holds a stock option to buy 57,500 common shares at $5.00 per share, expiring on November 9, 2035, vesting in four equal annual installments from November 10, 2025.
Metals Royalty Co Inc. director Hamed Shahbazi filed an initial statement of beneficial ownership for the company’s common shares. The filing shows indirect holdings of 135,375 common shares through Impactreneur Capital Corp., where he may be deemed to share voting and investment power but disclaims beneficial ownership except for any pecuniary interest.
Shahbazi also holds 37,500 common shares directly, plus a stock option to acquire 37,500 common shares at an exercise price of $5.00 per share, expiring on November 9, 2035. The option and certain restricted share units are scheduled to vest in annual installments starting on November 10, 2025, contingent on continued service.