Metals Royalty (TMCR) CEO Paes-Braga Reports 25.4% Ownership

Rhea-AI Filing Summary

Metals Royalty Co Inc. disclosure shows CEO and Chairman Brian Paes-Braga beneficially owns 13,972,630 common shares, representing 25.4% of the class. The filing states Paes-Braga has sole voting and sole dispositive power over these shares. The percentage was calculated using 55,061,113 shares issued and outstanding as of the issuer's Registration Statement on Form 20-F filed April 27, 2026. The Schedule 13G is signed May 15, 2026 and references the ownership position as of March 31, 2026.

Insights

Corporate Governance Analyst

CEO holds a large, controlling passive stake with sole voting and dispositive power.

Brian Paes-Braga is reported to beneficially own 13,972,630 shares, equal to 25.4% of the outstanding common stock per the filing. The statement attributes both sole voting and sole dispositive authority to Paes-Braga, indicating concentrated control at the board/management level.

The filing is a passive ownership disclosure under Schedule 13G; timing and any plans for changes in holdings are not included. Subsequent filings would show any transactions or changes to this position.

Equity Markets Specialist

Ownership magnitude creates a meaningful block stake visible to markets and counterparties.

The disclosed stake of 13,972,630 shares (25.4%) is calculated from an outstanding base of 55,061,113 shares referenced to the issuer's Form 20-F. Such a position is large enough to affect takeover dynamics, voting outcomes, and strategic decisions.

Cash-flow or planned dispositions are not stated in the excerpt; trading activity and changes in holdings would appear in future ownership filings if they occur.

Key Figures

Beneficial ownership: 13,972,630 shares Percent of class: 25.4% Shares outstanding (reference): 55,061,113 shares +3 more

6 metrics

Beneficial ownership 13,972,630 shares amount beneficially owned by Brian Paes-Braga as reported

Percent of class 25.4% percent of common shares beneficially owned

Shares outstanding (reference) 55,061,113 shares issued and outstanding per Registration Statement on Form 20-F filed April 27, 2026

Reporting date March 31, 2026 ownership position as of this date

Signature date May 15, 2026 Schedule 13G signed by Brian Paes-Braga

CUSIP 591322102 CUSIP for common shares without par value

Key Terms

Schedule 13G, Beneficially owned, Sole voting power, Dispositive power

4 terms

Schedule 13G regulatory

"Item 2. lists the filing as a Schedule 13G statement"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4(a) Amount beneficially owned: 13,972,630"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole voting power regulatory

"Item 4(c)(i) Sole power to vote: 13,972,630"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Dispositive power regulatory

"Item 4(c)(iii) Sole power to dispose: 13,972,630"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

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

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Accepted by SEC EDGAR 05/15/2026 - 03:29 PM Learn about SEC filing dates

FAQ

What stake does Brian Paes-Braga hold in Metals Royalty (TMCR)?

He beneficially owns 13,972,630 common shares, equal to 25.4% of the class. The percentage is based on 55,061,113 shares outstanding cited from a Form 20-F filed April 27, 2026.

Does Paes-Braga have voting control over his shares?

Yes. The filing states he has sole voting power and sole dispositive power over 13,972,630 shares, meaning he can vote and direct disposition of those shares alone.

What date does the ownership figure reference for this Schedule 13G?

The ownership position is reported as of March 31, 2026. The Schedule 13G is signed on May 15, 2026, and the outstanding-share base cites a Form 20-F filed April 27, 2026.

Is this filing an acquisition or a sale by the CEO?

This Schedule 13G is a disclosure of beneficial ownership and does not state any purchase or sale transactions. It reports an existing position; transaction details are not provided in the excerpt.

How was the 25.4% ownership percentage calculated?

The percentage was calculated using 55,061,113 common shares issued and outstanding as described in the issuer's Registration Statement on Form 20-F filed April 27, 2026, per the filing comment.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Metals Royalty Co Inc.

(Name of Issuer)

Common shares without par value

(Title of Class of Securities)

591322102

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 591322102

1

Names of Reporting Persons

Paes-Braga Brian

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BRITISH COLUMBIA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,972,630.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,972,630.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,972,630.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

25.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The percent of Common Shares beneficially owned by the Reporting Person was calculated based on 55,061,113 Common Shares issued and outstanding as described in the issuer's Registration Statement on Form 20-F filed with the Securities and Exchange Commission on April 27, 2026.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Metals Royalty Co Inc.
(b)	Address of issuer's principal executive offices: 1900 DOME TOWER, 333 7TH AVE SW, Calgary, AB, T2P 2Z1.
Item 2.
(a)	Name of person filing: Brian Paes-Braga, Chief Executive Officer and Chairman of the Issuer.
(b)	Address or principal business office or, if none, residence: 1900 DOME TOWER, 333 7TH AVE SW, Calgary, AB, T2P 2Z1.
(c)	Citizenship: BRITISH COLUMBIA, CANADA
(d)	Title of class of securities: Common shares without par value
(e)	CUSIP Number(s): 591322102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 13,972,630
(b)	Percent of class: 25.4%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 13,972,630
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 13,972,630
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Paes-Braga Brian

Signature:	/s/ Brian Paes-Braga
Name/Title:	Brian Paes-Braga
Date:	05/15/2026