The Metals Royalty Company (TMCR)
Acquires and manages royalties on critical-mineral projects.
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Acquires and manages royalties on critical-mineral projects rather than operating mines. Its portfolio includes NORI polymetallic nodules and a Minnesota DR-grade iron-ore project, with income dependent on project development, production, commodity prices, and underlying operators.
Acquires and manages royalty interests tied to critical-mineral projects rather than operating mines. The current portfolio includes the NORI polymetallic-nodule project in the Clarion-Clipperton Zone and a DR-grade iron-ore project in Minnesota.
Based in Calgary, the portfolio spans a Minnesota project and the Clarion-Clipperton Zone. It is built through royalty acquisition and management, with a stated focus on U.S. mineral security and re-industrialization.
Income depends on asset development, production, commodity prices, and the operators of the underlying projects. NORI also carries contractual repurchase rights that may reduce the royalty interest.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $11.8M · Total debt $42.3M · Total assets $170.3M · Shareholders' equity $120.9M
- Revenue
- $0
- Operating income
- −$6.1M
- Net income
- −$6.6M
No dividends on record.
No ownership filings on record for this listing.
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Metals Royalty Company | $5.94 | +1.98% | $365.4M | — | — | — | — |
| electroCore | $9.60 | +6.08% | $85.7M | — | — | 2.3 | +28.0% |
| Wheaton Precious Metals | $152.02 | +0.76% | $68.53B | 33.5 | 29.2 | 21.6 | +84.7% |
| Royal Gold | $261.52 | +1.20% | $21.93B | 28.2 | 21.5 | 14.2 | +114.9% |
| Median | 30.8 | 25.4 | 14.2 | +84.7% |