Metals Royalty Company Lists on Nasdaq with 2% Royalty on NORI Deposit
The Metals Royalty Company began trading on Nasdaq under symbol TMCR via a direct listing, issuing no new shares. The platform holds a 2.0% gross overriding royalty on the NORI polymetallic deposit, securing exposure to nickel, copper, cobalt and manganese for U.S. critical minerals support.
1. Nasdaq Direct Listing Completed
The Metals Royalty Company commenced trading on Nasdaq under symbol TMCR on April 8, 2026, completing a direct listing that issued no new shares and did not involve underwritten offerings.
2. Royalty Model and NORI Asset
TMCR holds a 2.0% gross overriding royalty on the NORI polymetallic nodule deposit in the Clarion-Clipperton Zone, providing exposure to undeveloped nickel, copper, cobalt and manganese resources critical for energy, defense and industrial applications.
3. Strategic Focus on U.S. Critical Minerals
The company is dedicated to financing America’s mineral security by acquiring royalties and streams across the critical minerals value chain, targeting policy-backed expansion of domestic extraction and processing for defense, energy and re-industrialization purposes.
4. Listing Advisor and Process
Stifel served as financial advisor for the direct listing, which was conducted solely in the United States without issuing new shares and bypassed traditional underwritten offerings to bring TMCR shares to market.