$TMCR

Analysts made several calls: Stifel initiated The Metals Royalty Company as buy, citing upside potential. Evercore ISI reiterated SpaceX and Nvidia as outperform, highlighting their partnership. CLSA upgraded Baozun to outperform, raising its target to $3.80. Bank of America raised Affirm's target to $104, reiterated Marvell and Tesla as buy, and noted Burlington's market share gains. Evercore ISI raised Amazon's target to $355. KBW initiated Octave Specialty Group as outperform. Argus upgraded

The Metals Royalty Company (TMCR) announced a US$165 million financing package, including a US$140 million convertible note offering and a US$25 million term loan, to fund the acquisition of an additional 1.0% royalty in the Mesabi iron ore project and repay existing debt. The transactions are expected to close on August 24, 2026, subject to conditions. The notes have an 8.00% coupon and a five-year maturity, while the loan has a 24-month term with a 12-month extension option.

The Metals Royalty Company (TMCR) announced a $165 million financing package to acquire an additional 1% Mesabi royalty, repay debt, and for general corporate purposes. The package includes $140 million in convertible notes and a $25 million loan. The notes have an 8% coupon and a 37.5% conversion premium, while the loan bears interest at Term SOFR plus 4%. The company also increased share consideration for the royalty to $27.5 million, reducing cash outlay. Closings are expected by August 24, 2

The Metals Royalty Company (NASDAQ:TMCR) said its Mesabi Metallics royalty asset in Nashwauk, Minnesota completed its first production blast on July 10, 2026, fracturing about 211,000 tons of ore and opening the first pit ramp. TMCR expects ore to feed DR-grade pellets under a 1.0% index-priced gross overriding royalty with a revenue floor, targeting first pellet production in H2 2026 and potential annual royalty cash flow of about $11 million at 7.28 Mtpa.

TMC The Metals Company (NASDAQ: TMC) is seeking U.S. approval to harvest deep-sea metals in the Clarion-Clipperton zone. According to the company, NOAA certified its exploration license application as in “substantial compliance” on May 28 and is fast-tracking review. The article also cites potential U.S. Defense support for critical-minerals supply and notes TMC has no revenue, reporting Q1 net loss of $20.6M and cash of $119M.

The Metals Royalty Company (TMCR) said it closed its purchase of a 1.0% index-priced gross overriding production royalty with a revenue floor on the Mesabi Metallics iron ore project in Nashwauk, Minnesota, for $132.5 million. TMCR also exercised an option to buy an additional 1.0% royalty (doubling to 2.0%) if funding is secured by July 31, 2026. Michael Hess was appointed non-executive co-chairman.