The Metals Royalty Company Lists Directly on Nasdaq, Anchors Portfolio with 2% NORI Royalty
The Metals Royalty Company Inc. began direct listing on the Nasdaq Capital Market under TMCR without issuing new shares, with Stifel acting as financial advisor. Its portfolio features a 2.0% gross overriding royalty on the NORI polymetallic deposit, positioning the company to capture long-term nickel, copper, cobalt and manganese price upside.
1. Direct Listing on Nasdaq
On April 8 the company began trading on the Nasdaq Capital Market under the symbol TMCR in a direct listing that issued no new shares, with Stifel acting as financial advisor.
2. Royalty-Based Financing Model
The Metals Royalty Company’s business model focuses on acquiring royalties and streams on critical mineral assets to participate in commodity price upside while avoiding operational and development risks associated with resource production.
3. 2.0% GORR on NORI Deposit
The company’s sole royalty is a 2.0% gross overriding royalty on the NORI polymetallic nodule deposit, one of the world’s largest undeveloped nickel, copper, cobalt and manganese resources tied to energy security and industrial growth.