TMC the Metals Company Inc (TMC)

The Metals Royalty Company Inc. Closes Mesabi Royalty Acquisition, Exercises Option to Acquire an Additional 1% Royalty Interest and Appoints Michael Hess as Non-Executive Co-ChairmanJune 1, 2026 4:05 PM
ACCESS Newswire1% 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 FoundationClosing 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.Michael Hess appointed Non-Executive Co-Chairman - Michael Hess, Chief Investment Officer of Hess Capital, appointed to TMCR's board leadership alongside Executive Co-Chairman and CEO Brian Paes-Braga, positioning the Company to accelerate its mission of financing America's mineral security and pursue a pipeline of potential royalty opportunities.Near-term potential royalty cash flow - TMCR believes that the Mesabi Royalty will deliver a long-duration royalty stream that aligns with TMCR's investment mandate, with anticipated annual royalty cash flow potential of up to approximately $13.0 million; commissioning of the project anticipated to commence in H2 2026 and the opportunity to double the cash flow if the option to acquire an additional 1% royalty is completed, underpinned by a forecasted 23-year mine life and possible upside tied to commodity prices and throughput expansion.Tier-1 asset, Tier-1 jurisdiction, world-class sponsorship - We expect the Mesabi project to be one of the lowest-cost DR pellet producers in North America, backed by Essar Group - a global industrial platform with over 50 years of experience, ~$15 billion in revenue, and over $2 billion of equity committed to Mesabi - fully financed to first production.Two royalty assets, two production timelines, one compounding platform - Mesabi is targeting H2 2026 commissioning and TMC the metals company Inc. (Nasdaq: TMC), on whose NORI polymetallic nodule project in the Clarion-Clipperton Zone TMCR holds a 2.0% gross overriding royalty, is targeting Q4 2027 offshore installation and commissioning, positioning TMCR to have both royalty assets generating revenue and establishing the foundation for continued portfolio growth.LONDON, UK / ACCESS Newswire / June 1, 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 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 acquisition of the initial royalty was funded concurrently with proceeds from an upsized $80.1 million private placement at $13.00 per share (the "PIPE Financing") and a net $43.0 million draw under the Company's senior secured acquisition credit facility entered into on June 1, 2026, with a $7.0 million delayed draw accessible when the Company completes the acquisition of the additional 1.0% royalty. The Company has exercised the option to purchase an additional 1.0% royalty, on the same terms as the initial royalty acquisition, provided the closing conditions, including raising the necessary funding, are satisfied prior to July 31, 2026. The Company also announced the appointment of Michael Hess as a director of TMCR, having the position of Non-Executive Co-Chairman of the Board of Directors, effective immediately.With today's closing, TMCR has established its first near-term potential cash flowing royalty asset. Mesabi Metallics - backed by Essar Group and fully financed to production - is targeting commissioning of operations in H2 2026. Combined with The Metals Company's expectation of receiving a commercial recovery permit from the U.S. regulator in Q1 2027, and offshore installation and commissioning targeted for Q4 2027, TMCR believes its royalty assets may generate revenue in the short term - a significant step toward the Company's vision of a self-funding, compounding royalty portfolio.Exercise of Option to Acquire an Additional 1.0% RoyaltyConcurrent with the closing of the initial Mesabi Royalty, TMCR exercised an extended option to acquire an additional 1.0% royalty interest in the Mesabi Project on the same economic terms as the initial acquisition prior to July 31, 2026. If completed, the additional interest will double TMCR's royalty to 2.0% and is expected to double the Company's anticipated annual royalty cash flow. Under the terms of the option, the Company must raise the funds to complete the acquisition and close the additional 1.0% royalty on or before the July 31, 2026 outside date.Appointment of Michael Hess as Co-ChairmanThe 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.Mr. Hess is Chief Investment Officer of Hess Capital, the private and public investment arm of the Hess family - one of TMCR's anchor strategic shareholders. He brings over 15 years of experience evaluating, financing, and developing energy infrastructure, logistics, and services businesses across the United States, having begun his career in the energy groups at Goldman Sachs and KKR before co-founding the Bison Companies. His appointment to the Board of Directors as the Non-Executive Co-Chairman alongside Executive Co-Chairman Brian Paes-Braga reflects the Hess family's deepening commitment to TMCR's platform and their conviction that financing America's critical mineral and industrial supply chains represents one of the most consequential investment opportunities of this decade.Leadership Commentary"The closing of the Mesabi Royalty acquisition is a defining moment for TMCR - and the clearest possible expression of why this Company was built," said Brian Paes-Braga, Executive Co-Chairman and CEO of The Metals Royalty Company Inc. "We believe America's green steel industry depends on a domestic supply of DR-grade iron ore pellets, and Mesabi Metallics - fully financed, construction nearing completion, and backed by Essar Group's 50 years of world-class industrial execution - is the asset that will supply it. As a royalty holder, TMCR is now positioned to generate its first royalty revenue when Mesabi commences operations in H2 2026, and with TMC targeting Q4 2027 offshore installation and commissioning, we expect both of our royalty assets to be generating revenue in the near term. The Mesabi Royalty - with its 23+ year mine life, embedded revenue floor, and the additional 1.0% interest we intend to acquire to double our position - is exactly the kind of long-duration, high-quality royalty stream this platform was built to acquire. I want to welcome Michael Hess into his new role as Non-Executive Co-Chairman - his leadership, the Hess family's long-term partnership, and the strength of the institutional team we have assembled give me tremendous confidence in what TMCR will become.""I am proud to step into this role at such a pivotal moment for TMCR," said Michael Hess, Non-Executive Co-Chairman of TMCR. "We invested in this Company because of our deeply-held belief that financing America's mineral security - and the re-industrialization of its critical supply chains - is one of the most important investment themes of this decade. The Mesabi Royalty closing demonstrates the TMCR investment thesis: permanent capital, deployed patiently into a Tier-1 asset in a Tier-1 jurisdiction, backed by a world-class operator, and structured as a royalty to participate in long-duration cash flows with limited operational risk. I look forward to working alongside Brian and the team to build on this foundation, execute on our growing pipeline of royalty opportunities, and deliver on the full potential of what TMCR can become."Transaction and Financing SummaryThe initial royalty acquisition was financed through proceeds from an upsized $80.1 million PIPE Financing at $13.00 per share (the "PIPE Shares"), including a $17.0 million presidents list, and a draw of $44.6 million (net $43.0 million) under the Company's up to a $51.8 million senior secured credit facility, with the incremental credit proceeds drawable under the credit facility upon closing of the additional 1.0% royalty acquisition, entered into on June 1, 2026 between the Company and American Life & Security Corp. ("ALSC"), as lender, bearing interest at 9.0% per annum with a 36-month maturity. Stifel acted as lead placement agent and A.G.P./Alliance Global Partners acted as co-lead placement agent for the PIPE Financing. Yorkville Securities, William Blair and B. Riley Securities acted as co-placement agents for the PIPE Financing. Scotiabank acted as exclusive financial advisor to Mesabi and its affiliates in connection with the royalty acquisition transaction.The offer and sale of the PIPE Shares was made in a transaction not involving a public offering in any jurisdiction and was not registered under the Securities Act of 1933, as amended (the "Securities Act"). The PIPE Shares were offered and sold in reliance on Section 4(a)(2) of the Securities Act to U.S. persons and Regulation S to non-U.S. persons. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities. TMCR has agreed to file a registration statement with the U.S. Securities and Exchange Commission (the "SEC") registering the resale of the common shares.The securities described herein have not been and will not be qualified for distribution to the public under applicable Canadian securities legislation.About the Mesabi Metallics ProjectMesabi Metallics is completing a merchant DR-grade iron ore mine and pellet plant located on more than 16,000 acres in Nashwauk, northern Minnesota - one of the United States' only new, large-scale sources of merchant DR-grade iron ore pellets and the critical feedstock for Electric Arc Furnace steelmaking and the domestic green steel industry. The project is backed by Essar Group - one of the world's most proven builders of world-scale industrial assets, with $15 billion in annual revenue, a 50-year operating track record, and a history of successfully building and operating multiple pellet plants of comparable scale - which has already invested over $2 billion of equity into the Mesabi Project. Mesabi Metallics is targeting commissioning of operations in H2 2026, subject to the completion of construction, with a mine life of 23 years or more. The project is fully financed to first production, supported by Breakwall Capital ($520 million senior secured facility), Macquarie Group ($150 million liquidity line), and announced U.S. Export-Import Bank support of up to $10 billion for the development of a major iron ore mining and processing facility, as part of nearly $30 billion in strategic Indo-Pacific financing to strengthen American supply chain security.About The Metals Royalty Company Inc.The Metals Royalty Company Inc. (Nasdaq: TMCR) is a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization. The Company acquires and manages metals and mineral royalties, streams, and similar structured interests across the full value chain - supporting American defense, AI infrastructure, energy systems, and industrial capacity. TMCR's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.Technical InformationThe operational data regarding the Mesabi Project contained herein, including construction progress, capital invested to date, and existing financing arrangements, is derived from public disclosures of, and information provided by, Mesabi Metallics. The Company's expectations regarding production targets, mine life, and expansion potential are based on management's internal models and information provided by Mesabi Metallics.Cautionary Note Regarding Forward-Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by the Company or on its behalf. This press release contains forward-looking statements which constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable securities laws, which reflect management of the Company's expectations regarding its future growth, future business plans and opportunities, expected activities and other statements about future events, results or performance. These forward-looking statements include, among other things, statements relating to the exercise of the Company's option to acquire, and the anticipated funding and closing of, the additional 1.0% royalty interest in the Mesabi Project on or before July 31, 2026 and the expected doubling of the Company's royalty position to 2.0% and of its anticipated annual royalty cash flow; the anticipated timing of commissioning of, and commencement of production at, the Mesabi Project; the anticipated amount of, and potential to increase, the Company's annual royalty cash flow; the expected mine life of the Mesabi Project and the Company's expectation that the Mesabi Project will be among the lowest-cost producers in its category; the status of, and progress toward, the financing and first production of the Mesabi Project; the anticipated timing of permitting, installation and commissioning of the offshore project of TMC the metals company Inc. ("TMC") and the Company's expectation that both of its royalty assets will be generating revenue within 18 months; the Company's intention to file a registration statement with the SEC registering the resale of the PIPE Shares and the timing of the filing and effectiveness thereof; the revenue-generating potential of the Company's business and industry; the potential impact of government policy; market opportunity; the potential value of the Company's royalty interests; and the Company's ability to execute on its business plan and to acquire and manage additional royalty, stream and similar interests and other statements that are statements other than historical facts. When the Company and its management use words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not a guarantee of future performance and are based on a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date of this press release. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties and risks related to: the Company's ability to fund and complete the acquisition of the additional 1.0% royalty interest in the Mesabi Project on or before July 31, 2026; the construction, commissioning, economic potential and timing of production at the Mesabi Project; the permitting, production, timing and mineral content of the NORI project of TMC; the Company's ability to file a registration statement registering the resale of the PIPE Shares and to have such registration statement declared effective by the SEC on the timeline contemplated by the subscription agreements, or at all; the Company's limited operating history and the risks associated with new business development; the Company's potential inability to acquire additional royalty, stream or similar interests, or to achieve profitability and positive cash flow; the Company's dependence on favorable government policy; volatility in commodity prices and in the price index to which the Mesabi Royalty is referenced; market conditions; competitive dynamics; regulatory changes; and other factors discussed in the "Risk Factors" section of the Company's Form 20-F and subsequent reports filed with or furnished to the SEC, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release.Investor Relations ContactLucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty CompanyView the original press release on ACCESS NewswireOriginal: The Metals Royalty Company Inc. Closes Mesabi Royalty Acquisition, Exercises Option to Acquire an Additional 1% Royalty Interest and Appoints Michael Hess as Non-Executive Co-Chairman

Anything think they may extend the warrants or would they let them expire worthless in September?

The Metals Royalty Company to Host Corporate Update Webinar on May 13, 2026May 11, 2026 8:31 AM
ACCESS NewswireManagement to Discuss Mesabi Royalty Acquisition, Strategic Portfolio Construction, and 2026 OutlookLONDON, UK / ACCESS Newswire / May 11, 2026 / The Metals Royalty Company Inc. (Nasdaq:TMCR) ("TMCR" or the "Company"), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that it will host a corporate update webinar at 9:00 a.m. Eastern Time on Wednesday, May 13, 2026.Brian Paes-Braga, Chairman and Chief Executive Officer, will discuss the strategic rationale behind the Company's recently announced Mesabi Royalty acquisition - including how the transaction provides TMCR with near-term cash flow visibility from a Tier-1 asset in a Tier-1 jurisdiction and advances the Company's portfolio construction strategy. Management will also discuss TMCR's growing pipeline and outlook for the remainder of 2026. An interactive question-and-answer session will follow the formal presentation.To participate, please use the following information:The Metals Royalty Company - Corporate Update Webinar
Date: Wednesday, May 13, 2026
Time: 9:00 a.m. Eastern Time
U.S. Dial-in: 1-877-407-3982
International Dial-in: 1-201-493-6780
Conference ID: 13760395
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1761748&tp_key=0cc97e9526Please join at least five minutes before the start of the webinar to ensure timely participation.A telephone playback of the webinar will be available through Tuesday, May 27, 2026. To listen, please call 1-844-512-2921 (U.S. toll-free) or 1-412-317-6671 (international), using replay pin number 13760395. A webcast replay will be available using the webcast link above.PIPE Financing UpdateIn connection with the Company's previously announced Mesabi Royalty acquisition, TMCR also announces that its concurrent PIPE financing has been upsized to $80 million and fully allocated.Canaccord Genuity ConferenceBrian Paes-Braga, Chairman and CEO, and other members of management will be attending the Canaccord Genuity Global Metals, Mining & Critical Materials Conference in Las Vegas May 19 - 21, 2026. Investors wishing to schedule a one-on-one meeting with management are encouraged to contact TMCR@mzgroup.us.Management Commentary"On behalf of TMCR, I want to congratulate the team at TMC the metals company on NOAA's full compliance determination for their consolidated deep-seabed mining application - the first of its kind under NOAA's new regulatory framework. This follows their substantial compliance determination in March and reflects more than a decade of rigorous scientific, environmental, and engineering work, bringing TMC one significant step closer to the permit decision they expect before the end of Q1 2027. As a royalty holder, we celebrate TMC's ongoing pioneering in this new industry," said Brian Paes-Braga, Chairman and CEO of The Metals Royalty Company Inc. "We look forward to walking investors through our Mesabi transaction in detail and growing pipeline of additional opportunities to support America's mineral independence on Wednesday and connecting in person at the Canaccord Genuity conference in Las Vegas."About The Metals Royalty Company Inc.The Metals Royalty Company Inc. (Nasdaq:TMCR) is a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization. The Company acquires and manages metals and mineral royalties, streams, and similar structured interests across the full value chain - supporting American defense, AI infrastructure, energy systems, and industrial capacity. TMCR's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.Cautionary Note Regarding Forward-Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. This press release contains forward-looking statements which constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable securities laws, which reflect management of the Company's expectations regarding its future growth, future business plans and opportunities, expected activities and other statements about future events, results or performance. These forward-looking statements include, among other things, statements relating to closing of the Transaction, the ability to complete the Financings, the Mesabi Project, the revenue generating potential with respect to TMCR's industry and business plans, the potential impact of government policy, market opportunity, the potential value of the NORI GORR, the Company's ability to execute on its business plan and to acquire and manage additional royalty interests and other statements that are statements other than historical facts. When the Company and its management uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not a guarantee of future performance and are based on a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date of this press release. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties and risks related to: closing the Transaction and the Financing, the permitting, production, timing and mineral content of TMC's NORI deposit; the economic potential and timing of production at the Mesabi Project; TMCR's limited operating history and the risks associated with new business development; TMCR's potential inability to acquire additional royalty, stream or similar interests, or to achieve profitability and positive cash flow; TMCR being dependent on favorable government policy for offshore mineral development; market conditions; competitive dynamics; regulatory changes; and other factors discussed in the "Risk Factors" section of the Company's Form 20-F and subsequent reports filed with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release.Investor Relations ContactLucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty CompanyView the original press release on ACCESS NewswireOriginal: The Metals Royalty Company to Host Corporate Update Webinar on May 13, 2026

The Metals Royalty Company Inc. Enters Into Definitive Agreement to Acquire a Royalty Interest on Mesabi Metallics Iron Ore Project in MinnesotaMay 6, 2026 7:45 AM
ACCESS Newswire$132.5 Million Acquisition of an Index-Priced Production Royalty on One of the United States' Only Large-Scale Merchant DR-Grade Iron Ore ProjectsTransaction Highlights:$132.5 million cornerstone royalty acquisition - TMCR has entered into a definitive agreement to acquire a 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor (on production up to 8.5 Mtpa) on the Mesabi Metallics iron ore project in Minnesota, anticipated to be a fully integrated, large-scale source of high-quality DR-grade pellets critical to the global green steel transition and the advancement of American domestic steel production.Financing funds acquisition - Transaction financed via allocated $75 million PIPE, including $15 million of participation from founders and insiders, priced at $13.00 per share; and up to a $50 million acquisition credit facility term sheet for a senior secured term-loan credit facility.Near-term, high-quality royalty cash flow - First production targeted for H2 2026 with ramp up to full capacity expected in 2027, implying anticipated initial annual royalty cash flow potential of up to ~$13M+ with further potential upside tied to commodity prices and throughput expansion.Tier-1 asset in a Tier-1 jurisdiction - The Mesabi Project spans more than 16,000 acres in Nashwauk, Minnesota and is expected to be one of the lowest-cost DR pellet producers in North America, supported by a 23+ year mine life. Over $2.5 billion is planned to be invested by completion date in core infrastructure at the project, which is approximately 93% complete. The project is strategically positioned near key end markets and integrated into well-established North American transportation networks.Essar Group sponsorship with proven execution - Backed by Essar Group, a global industrial platform with >50 years of experience, ~$15B of revenue, and a track record of building and operating world-class industrial projects including pellet and steel assets - providing TMCR with the sponsor quality and execution certainty that underpins a royalty investment of this nature.Project fully financed based on current expenditure budget to first cash flow - ~$2bn equity invested by Essar Group with additional support by a $520M senior secured facility from Breakwall Capital and a $150M liquidity line from Macquarie Group materially de-risking near-term path to production.Strong US Government validation and strategic relevance: US Export-Import Bank announced support of up to $10B, confirming Mesabi as a strategic national supply chain asset for American green steel.Strategic alignment - Advances TMCR's mission of financing America's mineral security by deploying long-term permanent capital into a strategically critical domestic supply chain asset, aligned with US industrial and defense policy, supporting the development of domestic iron ore production capacity. LONDON, UK / ACCESS Newswire / May 6, 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 announces that it has entered into a definitive agreement (the "Definitive Agreement") with Ironclad Royalties LLC and Mesabi Investments (USA) LLC (collectively, "Mesabi") with respect to the acquisition of a 25% interest in an existing 4.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor (the "Mesabi Royalty") on the Mesabi Metallics iron ore project (the "Mesabi Project") located in Nashwauk, Minnesota (the "Transaction"). In connection with the Transaction, the Company also announces: (i) a allocated $75 million private sale of common shares (the "PIPE Financing"), which includes $15 million of participation from founders and insiders, priced at $13.00 per share; and (ii) up to a $50 million acquisition credit facility term sheet for a senior secured term loan credit facility (the "Credit Facility") (together with the PIPE Financing, the "Financings"). Stifel is acting as lead placement agent and A.G.P./Alliance Global Partners is acting as co-lead placement agent for the PIPE Financing. Yorkville Securities, William Blair and B. Riley Securities are acting as co-placement agents for the PIPE Financing.Proposed Transaction TermsRoyalty Interest: TMCR is acquiring a 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor on all production up to 8.5 million tonnes per annum ("Mtpa") and a 0.25% royalty on all production above 8.5 Mtpa, on mineral tracts and mineral leases owned by Mesabi Metallics Company LLC ("Mesabi Metallics"). The royalty is indexed to the Platts Direct Reduction Pellet 67.5% Fe FOB Brazil price with an embedded revenue floor of $150 per tonne, providing structural downside protection while preserving full exposure to commodity price appreciation.Total Purchase Price: $132.5 million, comprising $125 million in cash and $7.5 million in TMCR common shares to be based on the price of the PIPE Financing.Deposit: $15 million payable upon execution of the Definitive Agreement, credited toward the purchase price at closing, unless rolled over when the Option to Purchase Additional 1.0% is exercised.Royalty Step-Down: Following cumulative production of 170 million tonnes (estimated 2047), the royalty would step down to 0.25% on production up to 8.5 Mtpa and 0.0625% on production above 8.5 Mtpa.Option to Purchase Additional 1.0%: TMCR has a 45-day option to purchase an additional 1.0% following closing of the initial 1.0% purchase.Expected Closing: Prior to May 31, 2026, subject to the satisfaction of applicable conditions.Concurrent PIPE FinancingIn connection with the Transaction, TMCR has allocated commitments from institutional and accredited investors for the PIPE Financing, which is expected to result in gross proceeds of approximately $75 million, before placement agent fees and offering expenses, of which $15 million represents founder and insider participation.Pursuant to the allocated commitments, TMCR intends to sell an aggregate of 5,769,231 common shares at a purchase price of $13.00 per common share (the "PIPE Shares"). YA II PN, Ltd., an affiliate of Yorkville Securities, LLC, has agreed to purchase 1,153,900 common shares in the offering. The PIPE Financing is conditional upon, and is expected to close concurrently with, or immediately prior to, the closing of the Transaction, subject to the satisfaction of applicable conditions. Completion of the Transaction is conditional upon, among other things, the Company satisfying a financing condition for the total purchase price of the transaction.The offer and sale of the foregoing PIPE Shares will be made in a transaction not involving a public offering, and the PIPE Shares, when issued, will not be registered under the Securities Act of 1933, as amended (the "Securities Act") or applicable state securities laws. The PIPE Shares were offered and sold in reliance on Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act"), to U.S. persons, and Regulation S of the Securities Act to non-U.S. persons. Accordingly, the PIPE Shares may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. TMCR has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the common shares.This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The Company is not a reporting issuer in any province or territory of Canada and thus can only offer securities in reliance on applicable exemptions from, or in transactions not subject to, the prospectus requirements of applicable Canadian securities laws. Any prospective purchaser of the Company's securities understands that it may not be able to resell those securities except in accordance with limited exemptions available under applicable Canadian securities laws, and that the prospective purchaser is responsible for compliance with applicable resale restrictions.Acquisition Credit FacilityIn addition to the PIPE Financing, the Company has entered into a term sheet for up to a $50 million senior secured Credit Facility. The term sheet contemplates a single-draw, non-revolving facility with a 36-month maturity, bearing interest at 9.0% per annum with step-ups over time, and secured by a first-priority interest over the Company's assets. The Credit Facility is expected to close concurrently with, or immediately prior to, the closing of the Transaction, subject to satisfaction of applicable conditions, including completion of due diligence and execution of definitive documentation.About the Mesabi Metallics ProjectMesabi Metallics is completing a merchant Direct Reduction ("DR") grade iron ore mine and pellet plant located on more than 16,000 acres in Nashwauk, northern Minnesota. The project, which represents a planned development investment of approximately $2.5 billion, is backed by Essar Group - one of the world's most proven builders of world-scale industrial assets, with $15 billion in annual revenue, $9.6 billion in assets under management, a 50-year operating track record, and a history of successfully building and operating multiple pellet plants of comparable scale. Essar Group has already invested over $2 billion of equity into the Mesabi Project.With approximately 800 construction workers currently on site, the Mesabi Project is one of the largest private-sector industrial investments in Minnesota's history. Mesabi Metallics has announced that it is targeting commissioning of operations in H2 2026, subject to the completion of construction. The project has a mine life of 23 years or more, with a long-term vision to expand production significantly.DR-grade iron ore pellets are the critical feedstock for Electric Arc Furnace ("EAF") steelmaking - widely recognized as the cleanest and most energy-efficient method of steel production.Scotiabank acted as exclusive financial advisor to Mesabi and its affiliates in connection with the Transaction.Management Commentary"The acquisition of a royalty interest on the Mesabi Metallics project represents a defining milestone for TMCR and the direct expression of our mission to finance America's mineral security," said Brian Paes-Braga, Chairman and CEO of The Metals Royalty Company Inc. "I believe Mesabi is one of the most strategically significant industrial projects currently under development in the United States - a world-scale source of domestic DR-grade iron ore entering production at a moment when the U.S. is urgently working to reshore its steel supply chain and reduce reliance on imported raw materials. Behind this project stands Essar Group, one of the world's most proven builders of world-scale industrial assets, with a 50-year track record, $15 billion in revenue, and over $2 billion of its own equity committed to this project - exactly the kind of aligned, operationally proven sponsor that underpins a royalty investment of this nature. The quality of that sponsorship, combined with the strong institutional endorsement from Breakwall, Macquarie, and the U.S. Export-Import Bank, and the caliber of our PIPE partners in Stifel, A.G.P./Alliance Global Partners, Yorkville Securities, William Blair and B. Riley Securities gives us confidence that we have assembled the right institutional infrastructure to execute this transaction and deliver on the promise of TMCR's platform. This transaction provides TMCR with near-term cash flow visibility from a Tier-1 asset in a Tier-1 jurisdiction, meaningfully advancing our portfolio construction strategy and sets the stage for our growing platform to be able to execute on our growing pipeline of additional opportunities to support the onshoring of critical mineral and mining projects for all Americans. I want to also personally welcome all of our new stakeholders that have joined our business on this transformative acquisition."Strategic RationaleThe Transaction is consistent with TMCR's strategy of acquiring large, world-scale royalties on U.S.-aligned assets with near-term cash flow potential. The Mesabi Royalty complements TMCR's existing portfolio anchored by its 2.0% gross overriding royalty on TMC the metals company Inc.'s (NASDAQ:TMC) NORI polymetallic nodule project in the Clarion-Clipperton Zone.Key strategic attributes of the Transaction include:Near-term cash flow potential: Mesabi Metallics has targeted commissioning of operations in H2 2026, subject to construction completion and applicable approvals, which would represent TMCR's first revenue-generating asset.Structural downside protection with commodity upside: The index-priced royalty structure incorporates an embedded revenue floor of $150 per tonne, providing baseline cash flow certainty while preserving full exposure to iron ore price appreciation above that floor.Green steel demand tailwind: Global demand for DR-grade pellets is expected to grow by approximately 140% (4% CAGR) by 20502, driven by the global transition to lower-carbon EAF steelmaking processes, for which DR-grade pellets are a critical and scarce input.Long-duration asset with expansion optionality: Backed by a 23-year mine life and a vision to expand production further, the royalty offers long-duration cash flow with significant upside potential.Completion of the Transaction and the Financings are subject to the satisfaction of customary closing conditions, which may not be satisfied on the terms or timeline currently contemplated, or at all.About The Metals Royalty Company Inc.The Metals Royalty Company Inc. (Nasdaq:TMCR) is a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization. The Company acquires and manages metals and mineral royalties, streams, and similar structured interests across the full value chain - supporting American defense, AI infrastructure, energy systems, and industrial capacity. TMCR's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.Technical InformationThe operational data regarding the Mesabi Project contained herein, including construction progress, capital invested to date, and existing financing arrangements, is derived from public disclosures of, and information provided by, Mesabi Metallics. The Company's expectations regarding production targets, mine life, and expansion potential are based on management's internal models and information provided by Mesabi Metallics.Cautionary Note Regarding Forward-Looking StatementsThe Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by us or on our behalf. This press release contains forward-looking statements which constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, and applicable securities laws, which reflect management of the Company's expectations regarding its future growth, future business plans and opportunities, expected activities and other statements about future events, results or performance. These forward-looking statements include, among other things, statements relating to closing of the Transaction, the ability to complete the Financings, the Mesabi Project, the revenue generating potential with respect to TMCR's industry and business plans, the potential impact of government policy, market opportunity, the potential value of the NORI GORR, the Company's ability to execute on its business plan and to acquire and manage additional royalty interests and other statements that are statements other than historical facts. When the Company and its management uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not a guarantee of future performance and are based on a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date of this press release. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties and risks related to: closing the Transaction and the Financing, the permitting, production, timing and mineral content of TMC's NORI deposit; the economic potential and timing of production at the Mesabi Project; TMCR's limited operating history and the risks associated with new business development; TMCR's potential inability to acquire additional royalty, stream or similar interests, or to achieve profitability and positive cash flow; TMCR being dependent on favorable government policy for offshore mineral development; market conditions; competitive dynamics; regulatory changes; and other factors discussed in the "Risk Factors" section of the Company's Form 20-F and subsequent reports filed with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release.Investor Relations ContactLucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.us2Wood Mackenzie forecastsSOURCE: The Metals Royalty CompanyView the original press release on ACCESS NewswireOriginal: The Metals Royalty Company Inc. Enters Into Definitive Agreement to Acquire a Royalty Interest on Mesabi Metallics Iron Ore Project in Minnesota

When are we supposed to get NOAA approval?

The Metals Royalty Company Inc. to Commence Trading on the Nasdaq Capital Market Under the Symbol "TMCR"April 8, 2026 6:31 AM
ACCESS NewswirePurpose-Built Financing Platform Dedicated to Advancing U.S. Critical Mineral Security and Re-Industrialization Announces Direct Listing on NasdaqRoyalty-Based Business Model Anchored by a 2.0% Gross Overriding Royalty on the NORI Polymetallic Deposit Controlled by TMC the metals company Inc. (Nasdaq: TMC)LONDON, UK / ACCESS Newswire / April 8, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company") (Nasdaq:TMCR) announces that its common shares are expected to commence trading today, Wednesday, April 8, 2026 on the Nasdaq Stock Market under the ticker symbol "TMCR" following the effectiveness of its registration statement with the U.S. Securities and Exchange Commission.TMCR's mission is to finance America's mineral security. The Company intends to focus on deploying capital to acquire critical metals and mineral royalties, streams and other similar interests across the long arc of critical minerals development - from early exploration through production and mine expansion, with a focus on the United States of America, where TMCR believes the government has shown policy objectives of increasing the extraction and processing of critical minerals and promoting the onshoring of industries directly or indirectly impacted by critical metals and minerals supply. TMCR aims to focus on capital development opportunities encompassing all aspects of the critical metals and minerals value chain to support mineral security and independence in North America in support of accelerating domestic industry growth, including energy, defense and re-industrialization.The Company's royalty-based business model is designed to enable it to participate in the long-term potential cash flows and commodity upside of large-scale, strategically significant critical metals and mineral assets, with reduced exposure to operational, development or environmental risks typically associated with resource production operations.TMCR's portfolio is anchored by its sole royalty, a 2.0% gross overriding royalty (GORR) on the NORI polymetallic nodule deposit in the Clarion-Clipperton Zone controlled by TMC the metals company Inc. (Nasdaq: TMC). The NORI deposit is believed to be one of the world's largest potential undeveloped nickel, copper, cobalt, and manganese resources - four minerals required for energy demand, energy security, defense, infrastructure development, electrification and advanced manufacturing. TMCR believes recent policy support by the U.S. government validates the importance of domestic critical mineral supply chains?-?all of which has the potential to enhance the long-term value of TMCR's NORI GORR.Stifel is serving as the Company's financial advisor in connection with the listing.No new shares will be issued by the Company in connection with the listing which is being conducted as a direct listing without an underwritten offering. The Company is conducting the direct listing in the United States and not in any Canadian jurisdiction.About The Metals Royalty Company Inc.The Metals Royalty Company Inc. (Nasdaq: TMCR) is a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization. The Company acquires and manages critical metals and mineral royalties, streams, and similar structured interests across the full value chain - supporting American defense, AI infrastructure, energy systems, and industrial capacity. TMCR's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable securities laws, which reflect management of the Company's expectations regarding its future growth, future business plans and opportunities, expected activities and other statements about future events, results or performance. These forward-looking statements include, among other things, statements relating to revenue generating potential with respect to TMCR's industry and business plans, the potential impact of government policy, market opportunity, the potential value of the NORI GORR, TMCR's anticipated listing date on the Nasdaq Capital Market, the Company's ability to execute on its business plan and to acquire and manage additional royalty interests and other statements that are statements other than historical facts. When the Company and its management uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not a guarantee of future performance and are based on a number of estimates and assumptions of management, in light of management's experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date of this press release. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties and risks related to: the permitting, production, timing and mineral content of TMC's NORI deposit; TMCR's limited operating history and the risks associated with new business development; TMCR's potential inability to acquire additional royalty, stream or similar interests, or to achieve profitability and positive cash flow; TMCR's sole royalty being subject to buy-back rights that could adversely affect revenues; TMCR being dependent on favorable government policy for offshore mineral development; market conditions; competitive dynamics; regulatory changes; and other factors discussed in the "Risk Factors" section of the Company's Registration Statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov.Investor Relations Contact
Lucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty Company Inc.View the original press release on ACCESS NewswireOriginal: The Metals Royalty Company Inc. to Commence Trading on the Nasdaq Capital Market Under the Symbol "TMCR"

The Metals Royalty Company Inc. Announces Anticipated Commencement of Trading on the Nasdaq Capital MarketApril 1, 2026 8:31 AM
ACCESS NewswireCommon Shares Expected to Begin Trading on the Nasdaq Capital Market Under the Symbol "TMCR" on Wednesday, April 8, 2026Royalty-Based Business Model Anchored by a 2.0% Gross Overriding Royalty on the NORI Polymetallic Deposit Controlled by TMC the metals company Inc. (Nasdaq:TMC)Not Intended For Dissemination in CanadaLONDON, UK / ACCESS Newswire / April 1, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company"), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that its registration statement on Form F-1 (the "Registration Statement") has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The Company's common shares are expected to commence trading on the Nasdaq Stock Market under the ticker symbol "TMCR" on Wednesday, April 8, 2026.The direct listing will be conducted without an underwritten offering, and no new shares will be issued by the Company in connection with the listing.Stifel is serving as the Company's financial advisor in connection with the listing.The Company is conducting the direct listing in the United States and not in any Canadian jurisdiction.About The Metals Royalty Company Inc.TMCR is focused on deploying capital to fortify America's mineral security and re-industrialization. It supports domestic industry growth across energy, defense, and the broader critical minerals value chain through the acquisition and management of royalties, streams, and similar structured interests. The Company's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. The Company is anchored by a 2.0% gross overriding royalty on the NORI polymetallic deposit controlled by TMC the metals company Inc. (Nasdaq:TMC). For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions, including TMCR's anticipated listing date on the Nasdaq Capital Market, and other statements that are statements other than historical facts. When the Company and its management uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, competitive dynamics, regulatory changes, and other factors discussed in the "Risk Factors" section of the Company's Registration Statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.Investor Relations ContactLucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty CompanyView the original press release on ACCESS NewswireOriginal: The Metals Royalty Company Inc. Announces Anticipated Commencement of Trading on the Nasdaq Capital Market

The Metals Royalty Company to Host Corporate Webinar on March 16, 2026 Ahead of Planned Nasdaq Direct ListingMarch 10, 2026 8:31 AM
ACCESS NewswireNot Intended For Dissemination in CanadaLONDON, UK / ACCESS Newswire / March 10, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company"), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that it will host a corporate webinar on Monday, March 16, 2026, at 11:00 a.m. Eastern Time ahead of the Company's planned Nasdaq direct listing.Brian Paes-Braga, Chief Executive Officer and Chairman, will provide a corporate overview and discuss the Company's strategic vision, recent milestones and growth opportunities. An interactive question-and-answer session will follow the formal presentation.To participate in the webinar, interested parties are invited to register using the details below:The Metals Royalty Company - Corporate WebinarDate: Monday, March 16, 2026
Time: 11:00 a.m. Eastern Time
Dial-In: 1-877-407-3982
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1755370&tp_key=da9d8f62c4Investors are encouraged to send questions to the Company's investor relations firm, MZ Group, at TMCR@mgroup.us. For those unable to attend the live event, a webcast replay will be available at the link above.About The Metals Royalty Company Inc.TMCR is focused on deploying capital to fortify America's mineral security and re-industrialization. It supports domestic industry growth across energy, defense, and the broader critical minerals value chain through the acquisition and management of royalties, streams, and similar structured interests. The Company's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. The Company is anchored by a 2.0% gross overriding royalty on the NORI polymetallic deposit operated by TMC the metals company Inc. (Nasdaq: TMC). To learn more, please visit themetalsroyaltyco.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the Company's strategic vision, growth opportunities and future plans. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including the risks described in TMCR's filings with the SEC including the Registration Statement filed on February 27, 2026. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not undertake any duty to update these forward-looking statements.Investor Relations ContactLucas A. Zimmerman
MZ North America
+1 (949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty Company Inc.View the original press release on ACCESS NewswireOriginal: The Metals Royalty Company to Host Corporate Webinar on March 16, 2026 Ahead of Planned Nasdaq Direct Listing

The Metals Royalty Company Inc. Announces Public Filing of Registration Statement for Proposed Direct Listing of Its Common SharesMarch 2, 2026 8:31 AM
ACCESS NewswireNot Intended For Dissemination in CanadaLONDON, UK / ACCESS Newswire / March 2, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company"), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that it has publicly filed its registration statement on Form F-1 (the "Registration Statement") with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed direct listing of its common shares on The Nasdaq Stock Market ("Nasdaq").The proposed direct listing is expected to occur after the SEC completes its review of the Registration Statement and the Registration Statement is declared effective, subject to market and other conditions. The Registration Statement can be accessed through the SEC's website at www.sec.gov.A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.About The Metals Royalty Company Inc.TMCR is focused on deploying capital to fortify America's mineral security and re-industrialization. It supports domestic industry growth across energy, defense, and the broader critical minerals value chain through the acquisition and management of royalties, streams, and similar structured interests. The Company's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. The Company is anchored by a 2.0% gross overriding royalty on the NORI polymetallic deposit operated by TMC the metals company Inc. (NASDAQ:TMC).Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding the effective date of the Registration Statement and the date on which TMCR common shares will be available for trading on Nasdaq. Forward-looking statements generally relate to future events or the Company's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," or "continue," or the negative of these words or other similar terms or expressions. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including the risks described in TMCR's filings with the SEC including the Registration Statement filed on February 27, 2026. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company does not undertake any duty to update these forward-looking statements.Investor Relations ContactLucas A. Zimmerman
MZ North America
+1 (949) 259-4987
TMCR@mzgroup.us
www.mzgroup.usSOURCE: The Metals Royalty CompanyView the original press release on ACCESS NewswireOriginal: The Metals Royalty Company Inc. Announces Public Filing of Registration Statement for Proposed Direct Listing of Its Common Shares

TMC is a developer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at www.metals.co.



Weekly Chart
https://schrts.co/fBiEXVVE

Rare earths rally as Trump moves toward $12 billion strategic minerals reserveFebruary 2, 2026 8:36 AM
IH Market News
Shares of rare earth and critical minerals producers jumped after reports that President Donald Trump is preparing a $12 billion plan to build a strategic stockpile of key minerals, aimed at cutting U.S. reliance on Chinese supply chains.USA Rare Earth rose 6.5%, while United States Antimony (AMEX:UAMY) advanced 7% and Critical Metals (NASDAQ:CRML) climbed 8% following news of the proposal, known as “Project Vault.” MP Materials (NYSE:MP), the largest U.S. producer of rare earths, gained 5.5%. Elsewhere, Ramaco Resources (NASDAQ:METC) added 2%, Trilogy Metals (AMEX:TMQ) increased 4%, and TMC the metals company (NASDAQ:TMC) jumped 6%.According to Bloomberg News, which cited senior administration officials speaking on condition of anonymity as the plan has yet to be formally announced, the initiative would pair $1.67 billion of private-sector funding with a $10 billion loan from the U.S. Export-Import Bank. The capital would be used to purchase and store critical minerals for use by American manufacturers.Modeled in part on the Strategic Petroleum Reserve, Project Vault would focus on accumulating materials such as gallium and cobalt, which are vital inputs for products ranging from smartphones and batteries to jet engines and other advanced technologies. The goal is to shield U.S. industry from supply disruptions and sharp price swings.The proposal underscores Trump’s broader push to reduce U.S. dependence on China, which currently dominates global mining and processing of rare earth elements and other critical minerals essential to the automotive, aerospace and energy industries.United States Antimony Corporation stock priceCritical Metals stock priceMP Materials stock priceRamaco Resources stock priceTrilogy Metals stock priceTMC stock price

Original: Rare earths rally as Trump moves toward $12 billion strategic minerals reserve

Technical Report Summary of Prefeasibility Study of NORI Area D, Clarion Clipperton Zone TMC the metals company Inc.
AMC Project 0225054
30 July 2025
Effective Date: 4 August 2025

https://metals.co/wp-content/uploads/2025/08/0225054-TRS-PFS-for-NORI-Area-D_31-July-2025_FOR-FILING.pdf


TMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule Reserves
by The Metals Company |
Aug 4, 2025

https://investors.metals.co/news-releases/news-release-details/tmc-releases-two-economic-studies-combined-npv-236b-and-declares

How This Tech Can Break China’s Rare Earth Monopoly | Dr. James Tour



Weekly Chart

Here is some news that is good for TMC.
“.TMC (7.18 -6.87%): Japan is aiming to test mining of rare-earth rich mud from the deep sea”
I assume that if Japan starts deep sea mining that TMC will be doing so around the same time.

https://genesis.energy.gov/
Watch: Many people are seeing deep-sea mining in the news and hearing about polymetallic nodules for the first time — and wondering if it’s science fiction.

It’s not.

In 2022, together with Allseas we successfully collected over 3,000 tons of nodules from the seafloor — proving the… pic.twitter.com/MbEu4XhOXT— The Metals Company (@themetalsco) April 12, 2025

Below is an article telling you what you may already know. “Genesis Mission”,The whitehouse is investing in metals to make this happen . Also they are making investments to get us out of China’s grip. So I am still holding and buying. We need a permit as well as other companies. And with our mining technology we will grab our own nodules. And we will be able to help others grab theirs. I say this because our process is cutting edge.
https://www.whitehouse.gov/presidential-actions/2025/01/removing-barriers-to-american-leadership-in-artificial-intelligence/

Look at the one on top. And to think we are not half way there.
Here are the top performing diversified metals and mining stocks:
TMC the metals company Inc. (TMC): 506.25% YTD, SA Quant Rating: Hold 2.97 MP Materials Corp. (MP): 233.53% YTD, SA Quant Rating: Hold 3.17 Hudbay Minerals Inc. (HBM): 134.44% YTD, SA Quant Rating: Strong Buy 4.80 Lynas Rare Earths Limited (LYSDY): 106.84% YTD, SA Quant Rating: Hold 3.05 Ivanhoe Electric Inc. (IE): 84.64% YTD, SA Quant Rating: Buy 4.25 Rio Tinto Group (RIO): 31.25% YTD, SA Quant Rating: Hold 3.46 Materion Corporation (MTRN): 25.62% YTD, SA Quant Rating: Hold 2.89 BHP Group Limited (BHP): 20.93% YTD, SA Quant Rating: Hold 3.29 Glencore plc (GLNCY): 15.81% YTD, SA Quant Rating: Buy 3.91 Anglo American plc (NGLOY): 15.12% YTD, SA Quant Rating: Hold 2.84 Teck Resources Limited (TECK): 9.18% YTD, SA Quant Rating: Buy 3.78 Ivanhoe Mines Ltd. (IVPAF): -17.57% YTD, SA Quant Rating: Hold 2.83

SEOUL, Dec 15 (Reuters) - Korea Zinc said on Monday it will build a $7.4 billion critical minerals refinery in Tennessee that will be funded largely by Washington and help cut U.S. reliance on China for the building blocks of most electronics and weapons. The deal to build the first U.S.-based zinc refinery since the 1970s comes as the Trump administration has been investing in a range of mines and refining projects at a breakneck pace in recent months. The project also aims to refine copper and a range of other minerals considered critical by the U.S. government, officials said

SEOUL, Dec 15 (Reuters) - Korea Zinc said on Monday it will build a $7.4 billion critical minerals refinery in Tennessee that will be funded largely by Washington and help cut U.S. reliance on China for the building blocks of most electronics and weapons. The deal to build the first U.S.-based zinc refinery since the 1970s comes as the Trump administration has been investing in a range of mines and refining projects at a breakneck pace in recent months. The project also aims to refine copper and a range of other minerals considered critical by the U.S. government, officials said

$7.44 

$8.15 copper unlimited 

$7.99 the deep ocean less pollution save the bears

Last month, @Nature published a peer-reviewed study confirming what many of us already knew: polymetallic nodules do not pose a radiation risk to humans.

That one took a few years to unwind—but it’s a perfect example of why real-world data trounces speculation. No doubt the fallacy that is “Dark Oxygen” will have a similar fate given time.

Let’s take a moment to unpack a few more persistent myths and zombie claims—and how science is debunking them, one by one. 🧵

$7.63 still running Manganese not magnesium... MC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule ReservesOn August 4, TMC announced the publication of two technical economic assessments prepared in accordance with Subpart 1300 of Regulation S-K highlighting a total combined project value of $23.6 billion, showing economic viability of its NORI-D Project and significant scalability across other NORI and TOML areas. The studies included a world-first Pre-Feasibility Study (PFS) for a polymetallic nodule project in the NORI-D area with a Net Present Value (NPV) of $5.5 billion, and world-first declaration of Mineral Reserves for a polymetallic nodule project with 51 million tonnes (Mt) of probable mineral reserves. TMC expects to start commercial production in the fourth quarter of 2027 if we receive a commercial recovery permit.TMC Pioneers Process to Produce Battery-Grade Manganese Sulfate from Seafloor Nodules, Opening New Frontier for Potential U.S. Manganese IndependenceIn October, TMC successfully produced battery-grade manganese sulfate from its intermediate manganese silicate product during bench-scale trials at its partner Kingston Process Metallurgy’s (KPM) operating facility in Ontario. North America remains almost entirely reliant on foreign sources of manganese, most of which is refined overseas. The planet's largest source of manganese, nodules hold significant potential to supply a range of key industries from steelmaking and infrastructure to energy, defense and automotive manufacturing, with many automakers moving toward manganese-rich cathode chemistries for their next-generation electric vehicles.NOAA Confirms Full Compliance of TMC USA’s Exploration License Applications and Begins Certification ProcessOn August 11, our subsidiary The Metals Company USA, LLC (“TMC USA”) received notice of full compliance from NOAA on its exploration applications, and confirmation that TMC USA has priority right over both exploration areas. Both applications entered the certification stage in late July. The news follows earlier determinations of substantial compliance in May 2025, demonstrating a systematic regulatory process under DSHMRA.Industry UpdatesNOAA Sends Draft Seabed Mining Rule to White House to Streamline ProcessOn October 30, Politico reported that NOAA had sent to the White House its draft deep-sea mining rule that would consolidate the license and permit review process and provide for simultaneous issuance of seabed mineral exploration licenses and commercial recovery permits. The move followed an earlier stakeholder comment period which closed on September 5, 2025.U.S. and Japan Partner to Develop Rare Earths from Seabed Minerals in the PacificOn November 6, Reuters reported that the United States and Japan were partnering on the development of rare earths from seabed minerals located in the waters around Minamitori Island in the Pacific. The news highlights how the U.S. is moving with purpose to lead in the deep-sea minerals industry alongside key allies.All Four Metals Contained in Nodules are now on the Department of the Interior’s U.S. Critical Minerals ListIn November, the U.S. Department of the Interior and U.S. Geological Survey released an updated U.S. Critical Minerals List where, among other changes, copper was added to the list. As outlined in our recent Pre-Feasibility Study, 17% of expected life-of-mine revenue is derived from copper. With this recent addition, all four key metals found in nodules are now on the U.S. Critical Minerals List.Financial Results OverviewAt September 30, 2025, we held cash of approximately $115.6 million. We believe that our cash balance will be sufficient to meet our working capital and capital expenditure commitments for at least the next twelve months from today.We reported a net loss of approximately $184.5 million, or $0.46 per share for the quarter ended September 30, 2025, compared to net loss of $20.5 million, or $0.06 per share, for the quarter ended September 30, 2024. During the quarter, results were primarily affected by non-cash and non-recurring items, including share-based compensation impacted by one-time grants, fair value changes in the royalty and warrant liabilities, and the recognition of warrant costs associated with updated sponsorship agreements.Exploration and evaluation expenses during the quarter ended September 30, 2025 were $9.6 million compared to $11.8 million for the quarter ended September 30, 2024. The decrease in the exploration and evaluation expenses in the third quarter of 2025 was due to the decrease in environmental studies costs and mining, technological and process development costs as the comparative period included costs associated with Campaign 8 which was completed in the first quarter of 2024 and nodule transport costs to the PAMCO facility in Japan.General and administrative expenses were $45.7 million for the quarter ended September 30, 2025, compared to $8.1 million for the quarter ended September 30, 2024. The increase primarily reflects higher share-based compensation costs, resulting from the amortization of the fair value of RSUs and options granted to directors, employees, and consultants during the third quarter of 2025, as well as higher consulting and legal fees. The increase in general and administrative expenses was partially offset by lower exploration and evaluation costs.Following the release of two economic studies in the quarter ended September 30, 2025, the fair value of the royalty liability was increased by $131 million, from $14 million to $145 million.

 I’m proud that we’ve successfully produced battery-grade manganese sulfate from a nodule-derived manganese silicate product in bench-scale trials — further evidence of our ability to deliver the materials that modern industries demand. As the planet’s largest source of manganese, polymetallic nodules hold vast potential to supply sectors from steelmaking and infrastructure to energy, defense and automotive manufacturing, where we’re seeing automakers increasingly pivot toward manganese-rich cathode chemistries for next-generation EVs.On the environmental front, our pioneering research program has built an unmatched dataset that continues to demonstrate that many of the concerns raised about the impacts of collecting polymetallic nodules are overstated. The data and validated models show that, at commercial scale, the impacts throughout the water column will be minimal and manageable. This growing body of science gives me great confidence that we can deliver the metals society needs with responsibility and transparency at every step.”

$7 big pump now Deep sea magnesium deposits worth billions for lithium batters . I think something like that 

Let's run the pedal to the metal $6

ICYMI: The White House Office of Management and Budget (OMB) and Office of Science and Technology Policy (OSTP) have called for deep-sea mining in international waters to be a research and budget priority for FY2027:

“Ocean Exploration and Observation: Agencies should prioritize new and emerging technologies and collaborative approaches to efficiently map, explore, and characterize the resources of the United States exclusive economic zone and sea beds under international waters, particularly in connection with deep-sea mining.

Interior Highlights Critical Mineral Prospects on the Seafloor

USGS factsheet shows potential in the nation’s seabed, an area larger than U.S. lands

Date: April 24, 2025

RESTON, VA. — The Department of the Interior today published a factsheet created by the U.S. Geological Survey showing prospective locations of critical minerals on the seafloor, highlighting the future opportunity to source the minerals needed to support the nation’s economy and security from underwater lands belonging to the United States.

“This survey of seafloor minerals represents a critical step in advancing the Trump administration’s commitment to unlocking America’s vast natural resources,” said Secretary of the Interior Doug Burgum. “By enhancing our understanding of the mineral wealth beneath our oceans, we are fostering American Energy Independence, supporting the growth of vital industries, and ensuring that our nation remain competitive on the global stage.”

USGS leads the national effort to assess mineral resources offshore, particularly in the U.S. Exclusive Economic Zone, seabed territory belonging to the U.S. that is larger than the land area of the U.S.

“USGS science is extending our understanding of where critical minerals may be found, such as mineral formations in the Escanaba Trough deep under the Pacific,” said Sarah Ryker, acting director of the USGS. “USGS research and mapping of seabed minerals and the environments in which they are found complements our work on land-based minerals and supply chains.”

Among the key points in the factsheet:

Minerals can be found in every ocean basin, from the coastal zone to the deep ocean.
Nickel, cobalt and manganese, used in stainless steel, superalloys and batteries, are abundant in seafloor deposits.

Rare earth elements and yttrium are present as well as platinum and other platinum group elements, which are critical minerals, as well as gold and silver.

The factsheet includes a USGS seabed minerals map showing prospective regions where minerals may occur based on where geological and oceanographic conditions are favorable. Only a few locations have sufficient data to determine whether they have deposits that could be viable for commercial production. This data gap can only be filled through dedicated sampling and mapping.

“USGS science predicts and scientists work with partners to locate resources the nation needs. We then provide the mineral, ecosystem and hazard science around these potential resources. We have more to do to help fill in the details of these maps,” said Amy Gartman, lead of the USGS Global Seabed Minerals Resources Project.

Since 1962, the USGS has led scientific inquiries into the potential for deep sea mining -- including locating seabed mineral resources, mechanisms for seabed mining, and environmental impacts. The USGS collaborates with the Bureau of Ocean Energy Management and the National Oceanic and Atmospheric Administration, both of which have regulatory authority for ocean areas.

On land, the U.S. was under-mapped compared to other nations and in 2018 the USGS started the Earth Mapping Resources Initiative in President Trump’s first administration. Since then, the USGS has mapped 30 % of land-based critical mineral resources and is simultaneously working to map seabed resources. USGS critical minerals efforts include analyzing global supply chain risks, mineral needs for domestic industry and defense and future production capacity. The USGS also partners with state geological surveys, private companies, universities and federal agencies in its efforts to identify and map undiscovered mineral resources below ground and in old mine and energy wastes. ?

https://www.doi.gov/pressreleases/interior-highlights-critical-mineral-prospects-seafloor

TMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule Reserves

On August 4, 2025 TMC published two SEC S-K 1300-compliant technical report summaries highlighting a total combined Net Present Value (NPV) of $23.6 billion, showing potential economic viability of its NORI-D Project and significant potential scalability across other NORI and TOML areas.

Read the Pre-Feasibility Study Technical Report Summary
Read the Initial Assessment Technical Report Summary

NOAA Confirms Full Compliance of TMC USA’s Exploration License Applications
On August 11, 2025, our subsidiary TMC USA received notice of full compliance from the National Oceanic and Atmospheric Administration on its exploration applications, and reconfirmation that TMC USA has priority right over both exploration areas. Both applications entered the certification stage in late July, which we expect to be approximately 100 days. The news follows earlier determinations of substantial compliance in May 2025, reaffirming a clear regulatory process under the Deep-Seabed Hard Minerals Resources Act as the Company targets first production in Q4 2027.

The Metals Company Announces Second Quarter 2025 Corporate Update

On August 14, TMC provided a corporate update and second quarter results for the period ending June 30, 2025.

Watch the Earnings Call

Nauru Leaders Meet Top US Officials in White House to Build Stronger Economic Ties

Members of the U.S. National Security Council, including Senior Director for Global Supply Chain David Copley and Senior Director for Asian Affairs Ivan Kanapathy, met with a Nauruan government delegation and TMC to explore partnerships with Pacific nations for critical mineral independence. For Nauru, this was an opportunity to map out how deep-sea metals can transform their future. For the U.S., it was a chance to align with Pacific partners on building critical alliances that could help deliver an independent, multi-generational supply of four critical minerals to support U.S. re-industrialization, generate over 100,000 high-quality jobs, and add over $300 billion in GDP to America's economy.

https://mailchi.mp/a70650de8292/tmc_aug25_update-12886612?e=d301df9fff

Many people are seeing deep-sea mining in the news and hearing about polymetallic nodules for the first time — and wondering if it’s science fiction.

It’s not.

In 2022, together with Allseas we successfully collected over 3,000 tons of nodules from the seafloor — proving the… pic.twitter.com/MbEu4XhOXT— The Metals Company (@themetalsco) April 12, 2025

Fellow shareholders, next Monday will be so heavy on disclosure, I owe you at least some notice. The Northern Hemisphere likes to take it easy in August, but I don’t want you to miss this one.

Before the market opens on Monday, August 4th look out for the following:

- PFS. At…— gerard barron (@gtbgtb) August 1, 2025

There has been a huge unloading of shares. Let’s hope the whales have finished in getting a lighter load. Or, if there was some dilution that is over with.
Just remember the insiders last purchased millions of shares. Good news is they have not filed that they have sold any since then. I believe if they are holding things must look good for them.

And don’t forget the video of the nodules making endless electricity. Can you imagine how valuable rocks like those would be worth? Making electricity for millions of years with no maintenance .
These do gooder people don’t want to make the world a better place. TMC will make the world better.

Hang in there folks. Those spreading fear want you to sell to them at a rock bottom price.
The newest news is the seabed authority has more authority than NOAA. They are making us believe TMC will not get a permit unless it is done thru the seabed authority.
What I think is the seabed authority is sad their gravey train is about over. They have been funded to do almost nothing . Once they give out permits then their control and money funded to them ends.
This is all about money and control. If you read about all the research TMC has done regarding deep sea mining…you will see they can do it responsibility. So why not give them a permit?

Hang in there folks. Those spreading fear want you to sell to them at a rock bottom price.
The newest news is the seabed authority has more authority than NOAA. They are making us believe TMC will not get a permit unless it is done thru the seabed authority.
What I think is the seabed authority is sad their gravey train is about over. They have been funded to do almost nothing . Once they give out permits then their control and money funded to them ends.
This is all about money and control. If you read about all the research TMC has done regarding deep sea mining…you will see they can do it responsibility. So why not give them a permit?

NOAA reported that the application paperwork was filed as required . We get 97 percent of our rare earth minerals from China. Trump wants us to not rely on China. We are going to need tons of rare earth metals to ramp up AI. And our whole electrical grid needs to be expanded.
With just those few things it appears to me one thing. We will be getting a permit. Only question is how soon.

TMC Announces Strategic Investment from Korea Zinc — a World-Leader in Non-Ferrous Metal Refining and pCAM Technology — to Advance Development of Deep-Seabed Critical Minerals in the U.S.
by The Metals Company |
Jun 16, 2025

Korea Zinc Co., Ltd., (Korea Zinc) will make a strategic equity investment in TMC of $85.2 million in exchange for 19.6 million common shares at the last market closing price of $4.34 per share
Investment includes a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share) with an exercise price of $7.00 per share, and a participation right to subscribe for future offerings of TMC equity for Korea Zinc to maintain its ownership of common shares, subject to customary exceptions.

A world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology, Korea Zinc is uniquely positioned to use TMC USA’s nodule-derived materials to produce refined metals, copper foil and pCAM in their existing facilities in South Korea and build new facilities in the United States.

Under an existing LOI with TMC USA, Korea Zinc’s R&D team has received a bulk sample of TMC-supplied nodule material and is currently validating processing and refining pathways and potential synergies through vertical integration.

NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading explorer of the world’s largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today announced that Korea Zinc, a world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology, has agreed to make a strategic investment of approximately $85.2 million in the Company through the purchase of common shares and warrants in a private placement.

The investment was approved by TMC’s Board of Directors and is expected to close on June 26, 2025, subject to customary closing conditions. Korea Zinc will purchase 19.6 million common shares at the last market closing price of $4.34 per share and will receive a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share for no additional consideration) with an exercise price of $7.00 per share, subject to compulsory exercise provisions should TMC common shares trade above $10.00 for 20 consecutive trading days. Upon closing, Korea Zinc will become one of TMC’s largest strategic shareholders with ownership of approximately 5% of the Company’s outstanding common shares.

Korea Zinc is currently evaluating a bulk sample of nodule material supplied by The Metals Company USA, LLC (TMC USA) under an existing LOI, with its R&D team to validate intermediate processing and refining pathways and potential synergies through vertical integration. Korea Zinc has expressed interest in working with TMC USA to establish processing, refining and potentially pCAM manufacturing capacity in the United States.

“We’re thrilled to welcome Korea Zinc as a strategic investor and partner on our journey to redefine how the United States sources critical minerals for energy, defense, manufacturing and infrastructure,” said Gerard Barron, Chairman and CEO of The Metals Company. “We believe the strategic fit between the two companies is exceptional: If we receive a commercial recovery permit, TMC USA will be in position to deliver a secure, abundant and low-impact supply of four critical metals under U.S. regulatory oversight. Korea Zinc is probably the only company outside of China that has the capability to take TMC USA’s materials and turn them into metal product formats required in the United States. Together, we have the potential to meet the United States’ demand for refined nickel, cobalt and manganese, and contribute copper while completely by-passing the Chinese supply chain.”

“This is more than capital—it’s alignment on values, on urgency, and on building a resilient supply chain for the United States. With TMC’s robust pro forma cash balance of nearly $120 million, we and Allseas can now turn our attention to preparing the Hidden Gem commercial production system in anticipation of the grant of a commercial recovery permit through the U.S. regulatory framework. We look forward to sharing more detail alongside the expected release of our PFS next quarter.”

The Chairman and CEO of Korea Zinc, Yun B. Choi, commented: “I am bullish on nickel and copper. Korea Zinc’s well-developed growth strategy, a.k.a. Troika Drive, is predicated on that very view. As such, we are excited to be an investor in TMC, who I believe will be one of the most competitive nickel and copper producers in the world.”

“More than that, I am particularly bullish on the opportunity in critical minerals processing capacity in the United States, and with this new partnership between Korea Zinc and TMC, we now can have a relevant position in this market, having a unique platform upon which a reliable and independent nickel supply chain can be built in the United States, serving U.S. companies and consumers.”

Korea Zinc’s investment lays the foundation for an ongoing strategic partnership and comes at a pivotal time for the Company, as TMC USA advances discussions with the National Oceanic and Atmospheric Administration (NOAA) on its commercial recovery permit application under U.S. law and prepares to release a pre-feasibility study (PFS), expected in the third quarter of 2025. On April 24th, 2025, President Trump issued an Executive Order to accelerate seabed mining through expedited permitting, evaluation of offtake rights and stockpiling, and potential federal investment. A few days later, TMC submitted the first-ever application for a commercial recovery permit and applications for two exploration licenses to NOAA under the Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA).

About TMC

The Metals Company is an explorer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at www.metals.co.

About Korea Zinc

Korea Zinc is the world’s leading non-ferrous metal smelting company, processing over 1.2 million tons of 18 different metals annually, including zinc, lead, silver, indium, nickel, cobalt, copper and other critical materials essential to advanced industries. With world-class refining technology and one of the industry’s most advanced environmental management systems, Korea Zinc delivers high-purity metals while minimizing our environmental footprint. Building on this foundation, Korea Zinc is accelerating a so-called Troika Drive, which focuses on three core areas: renewable energy and green hydrogen, secondary battery materials, and resource recycling, and especially a nickel processing plant “All-in-One Nickel refinery” which is currently under construction in Korea and scheduled for completion in Q2 2026. Through this transformation, Korea Zinc is driving the shift towards a circular, low-carbon economy while strengthening global supply chain resilience and creating long-term sustainable value for communities, partners, and our planet.

Contact:

Investors: investors@metals.co

Media: media@metals.co

Forward Looking Statements

This press release contains “forward-looking” statements and information within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable U.S. securities laws. These statements may be identified by words such as “believes,” “could,” “expects,” “may,” “plans,” “possible,” “potential,” “will” and variations of these words or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements with respect to the investment by Korean Zinc in the Company’s the securities, including the timing of the closing and the anticipated gross proceeds therefrom, the potential strategic partnership between the Company and Korea Zinc, the ability for TMC USA to deliver a secure, abundant and low-impact supply of four critical metals under U.S. regulatory oversight, the ability for Korea Zinc to take TMC USA’s materials and turn them into metal product formats required in the United States, the ability for the Company and Korea Zinc to meet the United States’ demand for refined nickel, cobalt, manganese and contribute copper and to by-pass the Chinese supply chain, and the potential upsides in investing in copper and nickel and the expected timing of the Company’s PFS. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various factors, including, among other things: risks relating to the need to satisfy regulatory and legal requirements with respect to the offering, risks relating to the Company’s ability to satisfy certain conditions to closing for the offering included in the securities purchase agreement on a timely basis or at all, as well as related to market and other conditions, the Company’s future financial performance; the outcome and timing of regulatory reviews by NOAA under DSHMRA; the ability to obtain an exploitation contract from the ISA or permits from the U.S. government; risks related to the Company’s potential dual-path permitting strategy; changes in environmental, mining and other applicable laws and regulations; other regulatory uncertainties and the impact of government regulation or political developments on the Company’s activities; the potential for legal or jurisdictional challenges to the Company’s rights or proposed operations in international waters; environmental risks and liabilities; the Company’s ability to develop sufficient data to support permit applications and satisfy environmental requirements; the Company’s ability to develop commercial operations, including onshore processing capabilities; risks associated with the Company’s limited operating history and need for additional financing; and other risks and uncertainties, any of which could cause actual results to differ from those expressed or implied in the forward-looking statements and the other risk factors that are described in the section entitled “Risk Factors” in the prospectus supplement and the Company’s Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 filed on March 27, 2025 and the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed on May 14, 2025. Any of such risks could cause actual results to differ from those contained in the forward-looking statements. Forward-looking statements are based on current expectations and assumptions and reflect the Company’s views as of the date hereof. Any forward-looking statements contained in this press release speak only as of the date hereof, obligation to update any forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.

https://investors.metals.co/news-releases/news-release-details/tmc-announces-strategic-investment-korea-zinc-world-leader-non


OBV looks good and not much resistance to the old high.
Weekly Chart

https://www.federalregister.gov/documents/2025/07/07/2025-12513/deep-seabed-mining-revisions-to-regulations-for-exploration-license-and-commercial-recovery-permit

MarketSurge says RS on TMC is 99……and

a they have composite rating of 85.

Also A+ on Acc/Dist.

That’s pretty damn strong.

The trend is your friend.

Happy Hump Day!

Can you imagine if we get close to the $11.00 target price…… then we get our permit. I would think this will be over $30.00 in a flash.

Looks like you played those trades pretty good.
My problem is I usually end up with less shares when it is all said and done as well as a tax issue.
I’m riding this up for every penny I can get. We are a long way from the top.
Any idea where we will go when we have a permit in hand? Those who sold their positions will be SOL.

We are lit in pre market.

Back in at 4.48.

$2350 in the bank. That doesn’t even begin to move the fuel barge,

nor does it pay the crew,

nor does it feed the crew,

nor does it begin to pay the insurance for a day or operate the boat

nor does it buy any plane tickets to Singapore

Doesn’t pay docking fees

Doesn’t pay local pilot fees

If AllSeas was a public company, this would look very very different. Young Pieter (Allseas) has only his father Edward to answer to as to why the boat is financial drain on their family’s business getting nothing in return.

About Nauru, “in 2002, the U.S. treasury defined it as a “money-laundering state” for allowing the “establishment of offshore banks with no physical presence.”

Scams scamming with scams, in my opinion. The big question, what’s in it for AllSeas to let that ship sit without income from operations, anchored in nowhere.

And then that Classification issue…

TMC has that SCAM smell to it, in my opinion

So are you saying the seven insiders don’t have a clue? They just filed a form 4 . They all loaded their pockets with shares around $4.50 .
Why would they do so if they knew the ship was not really able to pick up money off of the bottom of the sea?

You might notice all that lacks the details of ABS classification. AllSeas is totally legit operation, they know exactly what that boat needs. 3 years is over

TMC I am not so sure about but AS owns the ship, not some OTC penny stock share promotion

It’s all here https://www.allseas.com/en/who-we-are/our-fleet/hidden-gem

You might want to refer to the ABS database before you make such claims

DD starter https://metals.co/