TMCR

Engineering Procurement and Construction ("EPC") 95.5% Complete with Commissioning Targeted for August 2026 LONDON, UK / ACCESS Newswire / June 30, 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 provides an update on construction progress at Mesabi Metallics Company LLC ("Mesabi Metallics"), following a recent site visit by Brian Paes-Braga, Executive Co-Chairman and CEO of TMCR. Highlights Overall project completion stands at 95.5% as of May 31, 2026, engineering 99.0% complete, procurement 99.3% complete, construction 91.4% complete Commissioning of Line 1 targeted to commence in July/August 2026; following a first-hand site visit to Nashwauk, Minnesota, TMCR believes the project remains on track for its targeted commissioning timeline Upon commissioning, Mesabi is expected to become one of the few significant domestic producers of merchant DR-grade iron ore pellets in North America, expected to be among the lowest-cost iron ore producers globally Based on information provided by Mesabi Metallics, the project is reported to be fully financed to first production Commissioning Confidence Following his site visit, Mr.

New York, June 02, 2026 (GLOBE NEWSWIRE) -- Diamond Equity Research LLC, an equity research firm with a focus on small capitalization public companies has initiated coverage of The Metals Royalty Company Inc. (Nasdaq:TMCR). The research summary below is from a report commissioned by The Metals Royalty Company Inc. and produced by Diamond Equity Research.The in-depth 54-page initiation report includes detailed information on The Metals Royalty Company's business model, services, industry overview, financials, management profile, and risks.

The $2.5 billion world-scale, low-cost DR-grade iron ore mine positions U.S. steel industry to break free from foreign imports from Brazil and other countries NASHWAUK, Minn., June 1, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics) , backed by Essar Group, has agreed to sell 50% of its royalty interest to The Metals Royalty Company Inc. (TMCR) for total consideration of $265 million, implying a valuation of more than $500 million for the royalty platform.

1% Royalty Acquisition on One of the United States' Only Large-Scale Sources of Merchant DR-Grade Iron Ore, Establishing Near-Term Royalty Cash Flow and a Dual-Asset Portfolio Foundation1% Royalty Acquisition on One of the United States' Only Large-Scale Sources of Merchant DR-Grade Iron Ore, Establishing Near-Term Royalty Cash Flow and a Dual-Asset Portfolio Foundation Closing Highlights: Mesabi Royalty acquisition closed - TMCR has completed the acquisition of a 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor on the Mesabi Metallics iron ore project in Nashwauk, Minnesota - one of the United States' only new, large-scale sources of merchant DR-grade iron ore pellets and a project that sits at the heart of the American green steel supply chain - for total consideration of $132.5 million, including $7.5 million share consideration issued by TMCR to the vendors. Option exercised to double royalty position to 2.0% for additional consideration - TMCR has exercised its option to acquire an additional 1.0% royalty interest in the Mesabi Project on the same economic terms as the initial acquisition, which, if completed prior to July 31, 2026, would double the Company's royalty to 2.0% of production and double anticipated annual royalty cash flow; the Company intends to seek funding to close the additional interest on or before July 31, 2026, subject to the terms and conditions of the royalty purchase agreement, as amended.