Financing America's
Mineral Security

Creating a leader in mining finance to fortify America's mineral security and re-industrialization.

The Metals Royalty Company supports domestic industry growth across energy, defence, and the broader critical minerals value chain through the acquisition and management of critical metals and mineral royalties, streams, and similar structured interests.

America's Mining Shift

<1970s

Then

Mining Powerhouse

America was the world’s dominant mining and industrial nation for most of the last century - the copper that electrified the country, the iron that built its cities, the uranium that defined the post-war era, all domestic.

1970s-2025

Now

Supply Chain Vulnerability

That position was surrendered. America is now dependant on foreign jurisdictions (particularly China) for most critical minerals essential to modern industry.
100%
50%

Manganese

Cobalt

Nickel

Copper

Net Imports of Primary Metal Tonnage as a % of U.S. Apparent Consumption

>2025

Next

Mineral Security

Washington recognizes the supply chain vulnerabilities that have been created by exporting mining, processing, and refining to foreign jurisdictions and has made mineral security and re-industrialization a priority.

The Metals Royalty Company

Strategic Assets with Scale

TMCR targets royalties and structured interests across the world's most critical mineral deposits – from exploration through production and expansion. The portfolio  is anchored by a 2.0%gross overriding royalty on the NORI polymetallic deposit operated by TMC the metals company Inc. (Nasdaq: TMC).

Permanent Capital Advantage

TMCR is purpose-built for the long arc of critical minerals development. Without the constraints of short-term IRR mandates, we deploy capital across commodity cycles – from early financing through production – aligned with the multi-decade horizons these assets require.

Western Supply Focused

Anchored by the Hess family, TMCR was built to fortify America's critical minerals security and re-industrialization – supporting domestic industry growth across energy, defence, and the full critical minerals value chain.

Royalties

NORI

Clarion-Clipperton Zone
2.00% gross overriding royalty ("GORR") on all metals and minerals at NORI areas. NORI is estimated to be one of the largest and highest nickel-equivalent grade undeveloped nickel project on the planet with significant amounts of Ni, Cu, Co, and Mn.

Royalty Business Model

Top-Line Cash Flow

Royalty revenue directly tied to the asset's gross production sales, providing predictable, high-margin income without deductions for costs - ideal for volatile metals markets where revenue scales with output.

Commodity Price Leverage

Direct upside from rising metals prices, capturing revenue growth while avoiding margin compression from cost inflation, as royalties are top-line based.

Project Optionality

Benefit from mine expansions, extensions, and new discoveries at no additional cost, enhancing royalty value through resource conversion and prolonged production life - common in metals mining for tier-one assets.

Limited Capital Cost Obligations

No exposure to sustaining or expansion capex, reducing risk in capital-intensive mining projects where overruns are common, allowing focus on revenue streams.

Limited Operating Cost Exposure

Insulated from opex escalations (e.g., labour, energy in remote mining operations), ensuring royalties remain profitable even in downturns, with gross effectively equalling net.

Inflation Hedged with Low Overhead Costs

Natural hedge against inflation as payments rise with commodity prices, combined with a lean, scalable model (low employee count, high free cash flow).

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Royalty Business Model

Leverage to Commodity Price

Royalty companies tend to outperform the underlying metals that their portfolio is comprised of, which can amplify investor returns.

Insulated from Mining Costs

Unlike mining companies that need to continually invest in their operations, royalty companies have no ongoing capital costs.

Diversification and Scale

The simplicity of the business model allows royalty companies to grow their portfolios quickly, providing investors exposure to a large, diversified collection of high-quality mining operations.

Latest News

TMRC Closes Acquisition of Royalty A & B

December 15, 2025

TMRC Closes $200 Million Capital Raise

December 10, 2025