The Metals Royalty Company Celebrates U.S. EXIM Bank Chairman's Visit to the Mesabi Iron Ore Mine and Provides Commissioning Update

LONDON, UK / ACCESS Newswire / September 21, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company") (NASDAQ:TMCR), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, notes that the Chairman of the Export-Import Bank of the United States ("EXIM"), John Jovanovic, visited the Mesabi Metallics iron ore mine and pellet plant in Nashwauk, Minnesota on September 17, 2026 as the project moves into its startup phase. TMCR holds a 2.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor over the Mesabi project.

According to EXIM, the visit marked a milestone for the first new iron ore mine and pellet plant to begin operations in the United States in 50 years. In March 2026, EXIM announced its support of up to $10 billion in potential financing for the Mesabi project, underscoring its strategic importance to domestic supply chains and to American steel's ability to compete globally. The direct-reduction-grade pellets Mesabi will produce are the premium feedstock for the electric arc furnaces at the center of low-carbon U.S. steelmaking. TMCR believes that domestic production of these pellets will help reduce America's reliance on foreign supply and strengthen a domestic industry that has long ceded ground to Chinese production.