Company Analysis

The Metals Royalty Company Inc. (TMCR)

Nasdaq: TMCR · Gold and Silver Ores · filing with the SEC since 2025
Grade5.4
◀ Past 5.6● Present 5.2▶ Future 5.2
8 est.
The companyas filed
Revenuen/a
Net incomen/a
Earnings per sharen/a
Operating cash flown/a
Cashn/a
Debtn/a
Shareholders’ equityn/a
Shares, dilutedn/a
Return on equityn/a
The recordfrom its filings
Filings in 202664
Newest filingNov 9 · 6-K
Annual reportApr 27, 2026
Quarterly reportn/a
Next report due20-F by Apr 30
Insider sales, 12 months$0.00
Insider buys, 12 months$0.00
Patents grantedn/a
Filer categoryNon-accelerated filer<br>Emerging growth company
Left: the newest annual report, with the change on the year before. Right: counted from the company's own filings with the SEC.
Revenue and net income by fiscal yearRevenueNet income
The record holds no annual figures yet.
As filed, in USD. Nothing here is a forecast.

The company now

The Metals Royalty Company Inc. owns two royalties, one on a deep-sea metals project and one on an iron ore mine being built in Minnesota, and neither has paid it anything yet 2.

On 24 August 2026 it completed the purchase of a second 1.0 percent royalty on the Mesabi mine, for consideration of $132.5 million in cash and shares 2. That brought its Mesabi royalty to 2 percent 2.

It paid for the deal with $140.0 million of 8.00% convertible notes due 2031 and a $25.0 million first lien term loan 42.

A prospectus dated 22 October 2026 lets the selling securityholders it names resell shares, and the company receives no proceeds from the shares they sell 2.

The open question is the mine, since royalty revenue starts only when it produces 2. Its operator has said it targets first pellet production in the fourth quarter of 2026 2. The company says it has not verified that information itself 3.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.

News

Nov 6, 2026 · SEC EDGAR · Form SCHEDULE 13G
Large holder notice
Open the filing on sec.gov
Oct 23, 2026 · SEC EDGAR · Form 424B3
Shelf offering
Open the filing on sec.gov
Oct 23, 2026 · SEC EDGAR · Form 424B3
Shelf offering
Open the filing on sec.gov
Oct 22, 2026 · SEC EDGAR · Form EFFECT
Registration effective
Open the filing on sec.gov
Oct 22, 2026 · SEC EDGAR · Form EFFECT
Registration effective
Open the filing on sec.gov
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SI Assistanton TMCR · research, not advice