News
05 June 2026

Mesabi Metallics sells $265m royalty interest to TMCR

In:
Metals and Mining
Region:
Americas

Mesabi Metallics has agreed to sell 50% of its royalty interest to The Metals Royalty Company for $265 million. The transaction values the royalty platform at more than $500 million. It will be completed in two equal tranches of $132.5 million each, with the first tranche closed on 1 June 2026...

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