TMCR updates Mesabi Metallics commissioning, targets first output Q4 2026
TMCR says Mesabi Metallics reported the iron ore project was 99.25% complete as of Aug. 31, 2026, with first production expected in Q4 2026. TMCR holds a 2.0% index-priced royalty with a revenue floor over Mesabi.
The Metals Royalty Company Inc. 25% complete as of Aug. 31, 2026, and expects first production in Q4 2026. 0% index-priced royalty with a revenue floor over Mesabi.