Metals Royalty closes purchase of additional 1% Mesabi Metallics royalty, lifting stake to 2%

• The Metals Royalty Company closed its option to buy an additional 1% gross overriding production royalty in the Mesabi Metallics iron ore project.
• The deal doubles its Mesabi royalty interest to 2%.
• Financing included a US$140 million offering of 8% convertible senior secured second lien notes due 2031.
• A US$25 million senior secured term loan facility from Macquarie also funded the acquisition.
• Mesabi project completion was about 99%, with commissioning targeted for Q3 2026 and first production for Q4 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Metals Royalty Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-100357), on August 24, 2026, and is solely responsible for the information contained therein.