TMCR The Metals Royalty Company

$TMCR starting to move as the Mesabi Metallics story hits the tape. If today’s White House announcement confirms the reported $15B Iowa steel project, this could become a major re-rating catalyst. TMCR already owns a 2% royalty on Mesabi Metallics’ Minnesota DR-grade iron ore project, with company estimates pointing to roughly $22M–$26M of potential annual royalty revenue as production ramps. SEC Now Reuters says the White House is expected to unveil a Mesabi-backed Iowa mill with 7.5M tons of initial annual steel capacity, potentially expanding to 10M tons. Reuters If confirmed this afternoon, the market may finally connect the dots: Mesabi is becoming part of a vertically integrated U.S. iron ore → DR pellet → steel ecosystem, and $TMCR owns a royalty directly on the upstream asset. Small float + strategic U.S. reindustrialization exposure + fresh White House catalyst = serious squeeze potential if volume accelerates. $TMCR could get very interesting into 2 PM. https://www.sec.gov/Archives/edgar/data/2087398/000110465926100357/tm2623910d2_ex99-2.htm?utm_source=chatgpt.com

$TMCR with Mesabi this close to startup, they're getting so close to being an actual royalty cash flow story instead of just waiting on development

$TMCR Also, the Iowa project is apparently expected to begin steel production around 2030, while Mesabi is targeting its first pellet production in Q4 2026. That means TMCR doesn't need to wait until 2030 to potentially start generating Mesabi royalty revenue.

$TMCR Going down in price but by market order won't fill 🤣🤣🤣. Manipulated to the max. Don't get shaken out.

$TMCR Mesabi Metallics to Build $15 Billion Steel Plant in Iowa, Largest in U.S. History Please mention the Source: The Metals Royalty Company works with them.

$TMCR TMC still owned about 22% of TMCR at the end of Q2. Its nice to have the operator itself holding a meaningful stake in the royalty company

$TMCR has been manipulated daily for the last week off weak volume and a shark in the water. Will run fast before long.

$TMCR guess board dried out except for me, me and the fraudster in the shadows. I’ll wait.

$TMCR they own a chunk of them… read the sec filings. People haven’t connected all the dots yet. I see $20

$TMCR Genuinely nobody knows about this and it's link to the recent plant announcement. Could not be a better time to get in, comically undervalued

$TMCR Interesting The mine and the Iowa mill sit inside private Mesabi Metallics / Essar. TMCR is the only public ticker with a contractual cut of Mesabi pellet output. Everything else is either the wrong asset, a competitor, or a much looser “U.S. steel / tariffs” trade.

$TMCR and so ya know… this company is the only company linked directly to Mesabi Metallics.

$TMCR this thing is a cheat code to get exposure to metals and minerals market as a whole!! LETS FKN RIDE

$TMCR this was 3.16% green but actually .8% red. Off of 900 shares 🤣 Tried to buy 5000 shares at 3.15 can’t even fill it. A few of us boys could push this wagon into $SPCX stratosphere lol low volume low float squeezer 🍋 Billions waiting for minerals / magnets 🧲 🤖 🚙 🚀 Will be violent when it catches.

$TMCR pretty much the only way to invest in mesabi is through this royalty company so I thought it would have had more interest

$TMCR Yes—NORI/deep-sea mining potentially represents the much larger part of TMCR’s long-term upside. This is actually where TMCR becomes very interesting, because the royalty provides exposure to TMC’s massive resource without the need to operate the mining project itself. The key NORI figures TMC’s 2025 economic study for NORI-D showed: 51 Mt of probable mineral reserves an additional 274 Mt of measured, indicated, and inferred resources expected steady-state production of 10.8 Mt of wet nodules per year approx. 97,000 tonnes of nickel per year 70,000 tonnes of copper per year 7,400 tonnes of cobalt per year 2,389 Mt of manganese per year project NPV of $5.5 billion expected production starting Q4 2027, subject to obtaining the necessary permits. And it gets even bigger: TMC’s study valued additional NORI/TOML areas at a total potential NPV of $18.1 billion, on top of the $5.5 billion for NORI-D.

$TMCR unfortunately stopped out, not sure what’s going on with this price action after the news

$TMCR Why does this take so long to reload on Stocktwits? According to Yahoo, we're back up to $5.

$TMCR — I think the market may be missing what changed today. The White House news doesn’t change TMCR’s 2% royalty rate on Mesabi Metallics — it changes the quality and certainty of the cash flow behind it. Mesabi is no longer just a pre-production DR-grade pellet project looking for demand. The newly disclosed $15B Iowa steel complex, targeting roughly 7.5M tons of annual steel capacity initially, creates a potentially massive downstream demand anchor tied directly to Mesabi’s Minnesota ore supply. That materially reduces offtake/utilization risk. TMCR has estimated its Mesabi royalty could generate roughly $22M annually at 7.28 Mtpa and ~$26M at 8.5 Mtpa. The key rerating question is no longer just “Will Mesabi produce?” but increasingly “How valuable is a long-duration royalty on a strategically important U.S. iron ore → DR pellet → steel supply chain?” That’s what I think the market is still digesting. If Mesabi executes and starts shipping at high utilization, $TMCR may deserve a meaningfully higher multiple because the royalty becomes less speculative and more infrastructure-like. Today’s news didn’t increase the royalty percentage. It may have de-risked the entire thesis. $TMCR Should trade very shortly over $6/share.

$TMCR essay/trumps new steel plant / and $TMCR ALL TIED TOGETHER LEZZZGO official white house news is verified . largest steel mill in us history goin up in iowa .