The Metals Royalty Company Celebrates U.S. EXIM Bank Chairman's Visit to the Mesabi Iron Ore Mine and Provides Commissioning Update
On September 17, 2026, EXIM Bank Chairman John Jovanovic visited the Mesabi Metallics iron ore mine and pellet plant in Nashwauk, Minnesota as the project moves into its startup phase. TMCR, which holds a 2.0% Index-Priced Gross Overriding Production Royalty with a Revenue Floor over the project, noted the visit and provided a commissioning update.
Why it matters — The EXIM chairman's visit and the project's move into the startup/commissioning phase are relevant to TMCR because the Mesabi project's advancement directly underpins the revenue potential of the company's overriding production royalty.