TMCR Closes Mesabi Royalty Acquisition & US$165M Financing

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The Metals Royalty Company Closes Additional Mesabi Royalty and US$165 Million Financing

London, UK, August 24, 2026 - The Metals Royalty Company Inc. (Nasdaq: TMCR) announced that it has successfully closed its acquisition of an additional 1.0 percent Index-Priced Gross Overriding Production Royalty with a Revenue Floor in the Mesabi Metallics iron ore project located in Nashwauk, Minnesota, from Ironclad Royalties, LLC. The transaction doubles TMCR's total royalty interest in the Mesabi Project to 2.0 percent.

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About Metals Royalty Co Inc.

We are engaged in the acquisition and management of critical metals and mineral royalties, streams and other similar interests. We are focused on providing capital to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense and re-industrialization. We aim to focus on capital development opportunities encompassing all aspects of the critical metals and minerals value chain.

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