The Metals Royalty Company Inc. · NASDAQ:TMCR
The Metals Royalty — Merger or Acquisition (2026)
15 slides from The Metals Royalty's merger presentation, 2026
Slide 1: Financing America's Mineral Security: Mesabi Transaction Presentation 2026
Financing America’s Mineral Security Mesabi Transaction Presentation 2026
Slide 2: Disclaimer
Disclaimer GENERAL: THIS PRESENTATION DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY IN ANY STATE, PROVINCE OR OTHER JU RISDICTION TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH STATE, PROVINCE OR JURISDICTION. BEFORE YOU INVEST YOU SHOUL
Slide 3: TMCR Transformational, Tone Setting Acquisition
TMCR Transformational, Tone Setting Acquisition Iron Ore royalty underwrites NAV accretion strategy and provides right -hand skew. 1 1 Export -Import Bank of the United States (EXIM), "EXIM Powers America's Energy Dominance Agenda Unlocking Nearly $30 Billion in Indo -Pacific Financing", March 17, 2
Slide 4: NORI Royalty
NORI Royalty Clarion -Clipperton Zone PROGRESS AND UPCOMING CATALYST INDICATIVE STEADY STATE ROYALTY Completed Milestones REVENUE 1 ✓ Apr 2025: Trump Executive Order directs expedited NOAA permitting and DoD/DoE assessment of nodule -derived minerals for national stockpile 312 ✓ Aug 2025: PFS and In
Slide 5: A Standout Resource
A Standout Resource NORI combines exceptional scale with above -average nickel -equivalent grade. Bubble size reflects 3.5% Ni equivalent resource TMC (NORI) 3.0% Grade , Ni Equivalent (%) 2.5% 886Mt 2.0% TLO PNRL : 1.5% CML HZM Average Resource Size SAMPALA (MJN+ETL) NICU 1.0% SRL Average NiEq Grad
Slide 6: Impact on American Supply
Impact on American Supply NORI could supply a meaningful share of forecast U.S. critical mineral shortfalls across multiple battery metals. Manganese Cobalt Nickel Copper 3.0 14 300 2.1 13kt 1.9Mt 232% 12 1.8 2.5 250 240 kt 10 1.5 2.0 64% 200 8 1.2 Mt Mt 1.5 Kt 150 Kt 6 0.9 1Mt 44% 1.0 100 4 0.6 0.5
Slide 7: Mesabi Transaction
Mesabi Transaction Corporate Presentation 7
Slide 8: Mesabi Royalty
Mesabi Royalty Minnesota, USA World -Class Asset in Tier 1 Jurisdiction : Mesabi Royalty Overview • Estimated to be one of the lowest cost pellet producers in North America with 23+ year mine life 1 1.0% Gross Overriding Production Royalty up to • Potential to double the reserves within the next dec
Slide 9: Project Moose - Pro-Forma Annual Royalty Revenue
Project Moose - Pro -Forma Annual Royalty Revenue 1,2 Base Case NORI: 0.5% NORI -D Only at Consensus Pricing Mesabi: 1.0% Floor price ($150/t) & 8.5Mt Steady -State (excl. option) ~$32M Steady -State (incl. option) ~$44M 47 47 45 44 44 44 44 44 44 44 44 44 44 44 34 34 35 33 32 32 32 32 32 32 32 32 3
Slide 10: Essar Group
Essar Group Mesabi Metallics is backed by Essar Group, one of the world's most proven builders of world -scale industrial assets, with $15B in revenue and a 50 -year track record of attracting marquee capital partners $15B $9.6B 7,000+ 25+ 50+ Yr REVENUE AUM EMPLOYEES COMPANIES TRACK RECORD Global a
Slide 11: The Metals Royalty Company
The Metals Royalty Company Financing provider for the onshoring and near -shoring of U.S. critical minerals and industry. TMCR 55.1M $28.0M 66% NASDAQ Basic Shares Outstanding Cash 1 Strategic Ownership (Pre -Transaction) (Pre -Transaction) Strategic Assets Permanent Capital Western Supply with Scal
Slide 12: Capitalization Summary (Pre-Transaction)
Capitalization Summary (Pre -Transaction) Basic Shares Outstanding 55.1M Cash 1 $28.0M HNW, FO (28%) Hess Family, Founders, Management (41%) Debt NIL Insider & Strategic Ownership 66% (25%) Free Float (% of I/O shares) <20% Note: Chart does not reflect shares to be issued as part of the transaction
Slide 13: Team
Team Brian Paes -Braga Founder, Chairman & CEO Jackson Wood Investments Mr. Brian Paes -Braga is a Canadian -born entrepreneur and merchant banking executive. Mr. Jackson Wood is an experienced mining investment professional with a background He was the Founder and CEO of Lithium X Energy, which in
Slide 14: Board of Directors
Board of Directors Brian Paes -Braga Hamed Shahbazi Mr. Brian Paes -Braga is a Canadian -born entrepreneur and merchant banking executive. Mr. Hamed Shahbazi brings over 25 years of experience and currently serves as the He was the Founder and CEO of Lithium X Energy, which in a period of 2.5 years,
Slide 15: Contact
Contact Investor Relations: Lucas Zimmerman Managing Director, MZ North America tmcr@mzgroup.us +1-949-259-4987 themetalsroyaltyco.com
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