Metals Royalty extends closing deadline for option to buy additional 1% Mesabi iron ore royalty
TMCR•Mesabi Metallics project targeted
The purchase targets the Mesabi Metallics iron ore project in Nashwauk, Minnesota.
Closing would lift the total royalty interest to 2%, with projected annual cash flow of about $22 million at 7.28 Mtpa.
Commissioning and production timeline
Mesabi Metallics flagged full commissioning in Q3 2026, with first production expected in Q4 2026.
Closing deadline extended for Mesabi royalty option
The Metals Royalty Company extended the closing deadline to Aug. 15, 2026 for its option to buy an additional 1% Mesabi production royalty.
The extension includes an option to push the deadline to Aug. 21, 2026.
