The Metals Royalty Company Inc. Announces Anticipated Commencement of Trading on the Nasdaq Capital Market

Rhea-AI Summary

The Metals Royalty Company (Nasdaq:TMCR) announced its Form F-1 has been declared effective by the SEC and its common shares are expected to begin trading on the Nasdaq Capital Market under the ticker TMCR on April 8, 2026.

The company said the listing will be a direct listing without an underwritten offering, no new shares will be issued, and Stifel is serving as financial advisor. The company holds a 2.0% gross overriding royalty on the NORI polymetallic deposit controlled by TMC the metals company.

Positive

• SEC declared Form F-1 effective, enabling U.S. listing
• Common shares expected to trade on April 8, 2026
• Direct listing with no new shares issued (no immediate dilution)
• 2.0% gross overriding royalty on NORI polymetallic deposit

Negative

• Direct listing may limit traditional underwriting liquidity support at launch

News Market Reaction – TMC

-3.43%

10 alerts

-3.43% Session close to close

-2.3% Trough in 2 hr 48 min

$1.91B Market Cap

0.0x Rel. Volume

In the Apr 1 session, TMC declined 3.43%, reflecting a moderate negative market reaction. Argus tracked a trough of -2.3% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement details that TMCR’s Form F‑1 has been declared effective and that its common share...

Analysis

This announcement details that TMCR’s Form F‑1 has been declared effective and that its common shares are expected to begin trading on Nasdaq on April 8, 2026 via a direct listing with no new shares issued. It builds on earlier filings and webinars around the TMCR structure and its 2.0% gross overriding royalty on the NORI deposit. Investors may watch how this listing interacts with TMC’s existing royalty obligations and future financing needs.

Key Figures

Gross overriding royalty: 2.0% Nasdaq trading start: April 8, 2026 Form type: Form F-1 +1 more

4 metrics

Gross overriding royalty 2.0% Royalty on NORI polymetallic deposit

Nasdaq trading start April 8, 2026 Expected TMCR listing date on Nasdaq Capital Market

Form type Form F-1 Registration statement declared effective by SEC

New shares issued 0 Direct listing with no new shares issued by company

Historical Context

5 past events · Latest: Mar 27 (Negative)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 27	Earnings results	Negative	-1.3%	Reported Q4 and 2025 net losses and updated liquidity position.
Mar 20	Conference call set	Neutral	-8.7%	Scheduled Q4 and full‑year 2025 results webcast and call details.
Mar 10	TMCR webinar	Positive	+1.8%	Announced webinar to present TMCR overview before planned Nasdaq direct listing.
Mar 09	Regulatory milestone	Positive	+9.4%	NOAA found deep‑seabed mining application in substantial compliance and expanded area.
Mar 02	Direct listing filing	Positive	+1.8%	Filed Form F‑1 for proposed direct listing of common shares on Nasdaq.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Stock has generally reacted positively to operational and regulatory milestones, with one notable selloff on a neutral conference‑call announcement.

Recent Company History

Over the last month, TMC’s news flow mixed operational progress, financing, and royalty‑related developments. On March 2, 2026, the public filing of a Form F‑1 for a planned direct listing saw a modest positive reaction. NOAA’s substantial compliance decision on March 9, 2026 drove a stronger gain of 9.42%. Earnings on March 27, 2026 produced only a small decline. Today’s announcement that TMCR’s Form F‑1 was declared effective continues this sequence of listing‑related milestones.

Key Terms

gross overriding royalty, registration statement, form f-1, direct listing, +2 more

6 terms

gross overriding royalty financial

"Royalty-Based Business Model Anchored by a 2.0% Gross Overriding Royalty"

A gross overriding royalty is a contractual right that pays its holder a fixed percentage of revenue from the sale of produced minerals, oil, or gas, taken before the producing company deducts operating or capital costs. Think of it like a landlord who collects a slice of every sale from a shop on the property rather than sharing in the shop’s profits; it reduces the producer’s cash receipts on each unit sold without requiring the royalty holder to share costs or ownership. Investors care because it lowers future cash flow and project valuation per unit produced, can be transferable, and affects how attractive a resource or company appears compared with similar assets without such claims.

registration statement regulatory

"announced that its registration statement on Form F-1 has been declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

form f-1 regulatory

"its registration statement on Form F-1 (the "Registration Statement") has been declared effective"

A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.

direct listing financial

"The direct listing will be conducted without an underwritten offering"

A direct listing is a way for a company to become publicly available for trading without issuing new shares or raising additional money beforehand. Instead, existing shares are simply made available for purchase on the stock market, allowing current investors and employees to sell their holdings. This process can offer a simpler and faster way for a company to go public, giving investors quicker access to buy and sell shares.

View in glossary

nasdaq capital market financial

"begin trading on the Nasdaq Capital Market Under the Symbol "TMCR""

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

securities and exchange commission regulatory

"declared effective by the U.S. Securities and Exchange Commission (the "SEC")"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Common Shares Expected to Begin Trading on the Nasdaq Capital Market Under the Symbol "TMCR" on Wednesday, April 8, 2026

Royalty-Based Business Model Anchored by a 2.0% Gross Overriding Royalty on the NORI Polymetallic Deposit Controlled by TMC the metals company Inc. (Nasdaq:TMC)

Not Intended For Dissemination in Canada

LONDON, UK / ACCESS Newswire / April 1, 2026 / The Metals Royalty Company Inc. ("TMCR" or the "Company"), a purpose-built financing platform dedicated to advancing U.S. critical mineral security and re-industrialization, today announced that its registration statement on Form F-1 (the "Registration Statement") has been declared effective by the U.S. Securities and Exchange Commission (the "SEC"). The Company's common shares are expected to commence trading on the Nasdaq Stock Market under the ticker symbol "TMCR" on Wednesday, April 8, 2026.

The direct listing will be conducted without an underwritten offering, and no new shares will be issued by the Company in connection with the listing.

Stifel is serving as the Company's financial advisor in connection with the listing.

The Company is conducting the direct listing in the United States and not in any Canadian jurisdiction.

About The Metals Royalty Company Inc.

TMCR is focused on deploying capital to fortify America's mineral security and re-industrialization. It supports domestic industry growth across energy, defense, and the broader critical minerals value chain through the acquisition and management of royalties, streams, and similar structured interests. The Company's royalty-based business model is designed to enable participation in the long-term cash flows and commodity upside of strategically significant assets, with reduced exposure to the operational and development risks typically associated with resource production. The Company is anchored by a 2.0% gross overriding royalty on the NORI polymetallic deposit controlled by TMC the metals company Inc. (Nasdaq:TMC). For more information, please visit www.sec.gov and the Company's website www.themetalsroyaltyco.com.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions, including TMCR's anticipated listing date on the Nasdaq Capital Market, and other statements that are statements other than historical facts. When the Company and its management uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions, competitive dynamics, regulatory changes, and other factors discussed in the "Risk Factors" section of the Company's Registration Statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

Investor Relations Contact

Lucas A. Zimmerman
MZ Group - MZ North America
(949) 259-4987
TMCR@mzgroup.us
www.mzgroup.us

SOURCE: The Metals Royalty Company

View the original press release on ACCESS Newswire

FAQ

When will TMCR shares begin trading on Nasdaq and under what ticker?

TMCR common shares are expected to begin trading on Nasdaq on April 8, 2026. According to the company, the shares will trade under the ticker TMCR following SEC effectiveness of its Form F-1.

Did The Metals Royalty Company issue new shares as part of the Nasdaq listing (TMCR)?

No, the company is conducting a direct listing and will not issue new shares in connection with the Nasdaq listing. According to the company, the direct listing proceeds without an underwritten offering or primary share issuance.

What royalty interest does TMCR hold on the NORI deposit and why is it relevant?

TMCR holds a 2.0% gross overriding royalty on the NORI polymetallic deposit. According to the company, this royalty underpins its royalty-based financing model and potential future cash flows from the project.

Was The Metals Royalty Company’s registration statement declared effective by the SEC?

Yes, the company’s Form F-1 registration statement was declared effective by the SEC. According to the company, SEC effectiveness enabled the planned Nasdaq trading start on April 8, 2026.

Who is advising TMCR on the Nasdaq listing and what role do they play?

Stifel is serving as the company’s financial advisor for the Nasdaq listing. According to the company, Stifel advised on listing logistics and market preparations for the direct listing process.

Is the TMCR listing being conducted in Canada or other jurisdictions?

No, the company is conducting the direct listing in the United States and not in any Canadian jurisdiction. According to the company, the listing and registration steps are U.S.-focused following SEC effectiveness.