The Metals Royalty Company Acquires 1% Index-Priced Gross Overriding Production Royalty In Mesabi Metallics Iron Ore Project In Minnesota; Appoints Michael Hess As Non-Executive Board Chairman

TMC the metals
The Metals Royalty

TMC the metals

TMC

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The Metals Royalty

TMCR

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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 its previously announced acquisition of a 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor (the "Mesabi Royalty") in the Mesabi Metallics iron ore project (the "Mesabi Project") located in Nashwauk, Minnesota.

The closing of the Mesabi Royalty acquisition marks not only TMCR's first completed royalty investment as a publicly traded company, but the beginning of its next phase of growth - and Michael Hess's appointment as Non-Executive Co-Chairman of the Company's Board of Directors, alongside Executive Co-Chairman and CEO Brian Paes-Braga, will support that growth phase.

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