The Metals Royalty Announces Financing Package Comprised Of $140M Offering Of Convertible Secured Notes And A $25M Senior Secured Term Loan Facility

US$140 Million Secured Convertible Note Offering and a US$25 Million Senior Secured Term Loan to Fund the Additional Royalty and Repay Existing Indebtedness

LONDON, UK / ACCESS Newswire / August 21, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company") (NASDAQ:TMCR), today announced a financing package comprised of a US$140 million offering of convertible secured notes (the "Notes") and a US$25 million senior secured term loan facility (the "Loan Facility").

The proceeds of the Notes and the Loan Facility will be used: (i) to fund the closing of the Company's previously announced acquisition of an additional 1.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor (the "Additional Mesabi Royalty") in the Mesabi Metallics iron ore project (the "Mesabi Project") in Nashwauk, Minnesota, from Ironclad Royalties LLC ("Ironclad"), (ii) to repay in full the Company's existing senior term loan facility and (iii) for general corporate purposes. Closing of the Notes, the Loan Facility and the acquisition of the Additional Mesabi Royalty is expected to occur concurrently on or about August 24, 2026.

The Company has entered into subscription agreements with certain institutional and accredited investors for the purchase and sale of US$140 million aggregate principal amount of the Notes in a private placement. The closing of the Notes offering and the funding of the Loan Facility are subject to customary closing conditions, including the concurrent closing of the acquisition of the Additional Mesabi Royalty.