[Form 3] Metals Royalty Co Inc. Initial Statement of Beneficial Ownership

Metals Royalty Co Inc. director Hamed Shahbazi filed an initial statement of beneficial ownership for the company’s common shares.

Rhea-AI Filing Summary

Metals Royalty Co Inc. director Hamed Shahbazi filed an initial statement of beneficial ownership for the company’s common shares. The filing shows indirect holdings of 135,375 common shares through Impactreneur Capital Corp., where he may be deemed to share voting and investment power but disclaims beneficial ownership except for any pecuniary interest.

Shahbazi also holds 37,500 common shares directly, plus a stock option to acquire 37,500 common shares at an exercise price of $5.00 per share, expiring on November 9, 2035. The option and certain restricted share units are scheduled to vest in annual installments starting on November 10, 2025, contingent on continued service.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Shahbazi Hamed

Role Director

Type	Security	Shares	Price	Value
holding	Stock Option (right to buy)	--	--	--
holding	Common Shares	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Stock Option (right to buy) — 37,500 contracts (Direct); Common Shares — 37,500 shares (Direct); Common Shares — 135,375 shares (Indirect, By Impactreneur Capital Corp.)

Footnotes (3)

1. F1. Represents restricted share units that vest in three equal annual installments commencing from November 10, 2025.
2. F2. Represents shares held by Impactreneur Capital Corp. The Reporting Person is a control person of Impactreneur Capital Corp., and may be deemed to share voting, investment and dispositive power with respect to the securities held by Impactreneur Capital Corp. The Reporting Person disclaims beneficial ownership over such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.
3. F3. The shares subject to this option shall vest and become exercisable in four equal annual installments commencing from November 10, 2025, subject to the Reporting Person's continued service with the Issuer on each such vesting date.

Key Figures

Indirect common shares: 135,375 shares Direct common shares: 37,500 shares Option underlying shares: 37,500 shares +3 more

6 metrics

Indirect common shares 135,375 shares Held by Impactreneur Capital Corp., attributed to Shahbazi

Direct common shares 37,500 shares Directly held by Hamed Shahbazi

Option underlying shares 37,500 shares Stock option (right to buy) over common shares

Option exercise price $5.00 per share Exercise price for stock option over 37,500 shares

Option expiration date November 9, 2035 Expiration for reported stock option

Option vesting start November 10, 2025 Four equal annual installments, subject to continued service

Key Terms

restricted share units, Stock Option (right to buy, pecuniary interest, disclaims beneficial ownership, +1 more

5 terms

restricted share units financial

"Represents restricted share units that vest in three equal annual installments"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

Stock Option (right to buy financial

"Stock Option (right to buy) with underlying 37,500 common shares"

pecuniary interest financial

"except to the extent of his pecuniary interest therein, if any"

disclaims beneficial ownership financial

"The Reporting Person disclaims beneficial ownership over such shares"

Section 16 of the Securities Exchange Act of 1934 regulatory

"for purposes of Section 16 of the Securities Exchange Act of 1934, as amended"

A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.

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

Understanding Insider Trading Forms →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 04/08/2026 - 04:53 PM Learn about SEC filing dates

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Shahbazi Hamed

(Last) (First) (Middle)

1900 DOME TOWER, 333 7TH AVE SW

(Street)

CALGARY T2P 2Z1

(City) (State) (Zip)

ALBERTA, CANADA

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/07/2026

3. Issuer Name and Ticker or Trading Symbol
Metals Royalty Co Inc. [ TMCR ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	37,500(1)	D
Common Shares	135,375	I	By Impactreneur Capital Corp.(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	(3)	11/09/2035	Common Shares	37,500	$5	D

Explanation of Responses:

1. Represents restricted share units that vest in three equal annual installments commencing from November 10, 2025.

2. Represents shares held by Impactreneur Capital Corp. The Reporting Person is a control person of Impactreneur Capital Corp., and may be deemed to share voting, investment and dispositive power with respect to the securities held by Impactreneur Capital Corp. The Reporting Person disclaims beneficial ownership over such shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except to the extent of his pecuniary interest therein, if any. This report shall not be deemed an admission that the Reporting Person is a beneficial owner of such shares for the purpose of Section 16 of the Exchange Act, or for any other purpose.

3. The shares subject to this option shall vest and become exercisable in four equal annual installments commencing from November 10, 2025, subject to the Reporting Person's continued service with the Issuer on each such vesting date.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Donald Sewell, attorney-in-fact	04/08/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)