Mesabi Metallics sells $265m royalty interest to TMCR
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...