Metals Royalty buys 50% of Mesabi Metallics royalty interest for USD 265 million

Metals Royalty Company Inc.

Metals Royalty Company Inc.

TMCR

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  • The Metals Royalty Company agreed to buy 50% of Mesabi Metallics’ royalty interest for total consideration of $265 million.
  • Deal structured in two $132.5 million tranches; first tranche closed June 1, 2026; second expected within 60 days.
  • Transaction implies a valuation of more than $500 million for the royalty platform.
  • Mesabi Metallics’ DR-grade iron ore project in Minnesota targets first production in Q3 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Metals Royalty Company Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202606011932PR_NEWS_USPR_____CG73211) on June 01, 2026, and is solely responsible for the information contained therein.

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