TMCR on Nasdaq
Metals Royalty Co Inc.
Canadian Gold and Silver Ores company based in Vancouver, active since 2022. Summary from the record
Price unavailable
Last updated Oct 19, 2026.
Overview
- TickerTMCR on Nasdaq2
- IndustryGold and Silver Ores2
- HeadquartersVancouver, Canada2
- Incorporated inBritish Columbia, Canada3
- Business address1900 Dome Tower, 333 7Th Ave Sw, Calgary, T2P 2Z13
- Filer categoryNon-accelerated filer, Emerging growth company3
- Legal formCompany (includes community contribution company and unlimited liability company)2
- LEI894500VX92UKUCI3CO932
- StatusActive2
- LEI statusIssued and current2
- Registered addressSuite 3500 - 1133 Melville Street, V6E 4E5 Vancouver, Canada2
- Registered withBC Registry Services, BC13844342
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We were incorporated on October 27, 2022 under the BCBCA under the name Low Carbon Royalties Inc. On September 11, 2025, we changed our name from Low Carbon Royalties Inc. to The Metals Royalty Company Inc.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| General and administrative expenses | $6.1M | $870.8K |
| Share-based compensation expenses | -$640.2K | -$338.2K |
| Total operating expenses | $6.7M | $1.2M |
| Operating loss | -$6.7M | -$1.2M |
| Interest income | $244.5K | $57.9K |
| Loss from continuing operations before income taxes | -$6.5M | -$1.2M |
| Income tax (expense) / recovery from continuing operations | -$380.2K | $294.0K |
| Net loss from continuing operations | -$6.8M | -$857.1K |
| Net income from discontinued operations | $8.0M | $573.8K |
| Net income / (loss) | $1.1M | -$283.3K |
| Comprehensive income / (loss) | $1.1M | -$283.3K |
| Continuing operations, basic | -$0.16 | -$0.02 |
| Continuing operations, diluted | -$0.16 | -$0.02 |
| Discontinued operations, basic | $0.18 | $0.01 |
| Discontinued operations, diluted | $0.18 | $0.01 |
| Weighted average number of shares outstanding, basic | 43.9M shares | 43.0M shares |
| Weighted average number of shares outstanding, diluted | 43.9M shares | 43.0M shares |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $18.4M | $1.4M | |
| Accounts receivable | $235.2K | $259.8K | |
| Prepaid expenses | $198.2K | $4.9K | |
| Related party receivable | $53.5K | ||
| Total current assets | $18.9M | $1.7M | |
| Computer equipment | $13.6K | ||
| Royalty and streaming interests | $14.1M | $19.8M | |
| Total assets | $32.9M | $21.5M | |
| Accounts payable and accrued liabilities | $1.8M | $28.3K | |
| Sales tax payable | $41.4K | ||
| Total current liabilities | $1.8M | $69.7K | |
| Total liabilities | $1.8M | $69.7K | |
| Share capital | $35.5M | $26.0M | |
| Contributed surplus | $681.5K | $1.4M | |
| Accumulated deficit | -$5.0M | -$6.1M | |
| Total shareholders' equity | $31.2M | $21.4M | $21.3M |
| Total liabilities and shareholders' equity | $32.9M | $21.5M |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $18.4M | $1.4M | |
| Accounts receivable | $235.2K | $259.8K | |
| Prepaid expenses | $198.2K | $4.9K | |
| Related party receivable | $53.5K | ||
| Total current assets | $18.9M | $1.7M | |
| Computer equipment | $13.6K | ||
| Royalty and streaming interests | $14.1M | $19.8M | |
| Total assets | $32.9M | $21.5M | |
| Accounts payable and accrued liabilities | $1.8M | $28.3K | |
| Sales tax payable | $41.4K | ||
| Total current liabilities | $1.8M | $69.7K | |
| Total liabilities | $1.8M | $69.7K | |
| Share capital | $35.5M | $26.0M | |
| Contributed surplus | $681.5K | $1.4M | |
| Accumulated deficit | -$5.0M | -$6.1M | |
| Total shareholders' equity | $31.2M | $21.4M | $21.3M |
| Total liabilities and shareholders' equity | $32.9M | $21.5M |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Income (Loss) | $1.1M | -$283.3K |
| Less: Net income from discontinued operations | -$8.0M | -$573.8K |
| Net loss from continuing operations | -$6.8M | -$857.1K |
| Share-based compensation | $640.2K | $338.2K |
| Depreciation | $714 | |
| Accounts payable and accrued liabilities | $1.7M | -$103.0K |
| Deferred tax assets | $380.2K | -$294.0K |
| Other operating assets and liabilities | -$523.4K | $26.5K |
| Cash flows used in operating activities - continuing operations | -$4.6M | -$889.3K |
| Cash flows from operating activities - discontinued operations | $1.4M | $1.4M |
| Cash flows from/(used in) operating activities | -$3.2M | $537.8K |
| Purchase of computer equipment | -$14.3K | |
| Cash flows used in investing activities - continuing operations | -$14.3K | |
| Cash flows used in investing activities | -$14.3K | |
| Proceeds from equity raise, net of issuance costs | $22.8M | |
| Proceeds on exercise of stock options | $34.5K | |
| Return of capital | -$1.1M | |
| Cash flows from financing activities - continuing operations | $21.8M | |
| Cash flows used in financing activities - discontinued operations | -$1.6M | |
| Cash flows from financing activities | $20.2M | |
| Change in cash for the year | $17.0M | -$537.8K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Metals Royalty Co Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerBrian Paes-Braga Apr 8, 2026 to now6
- ChairBrian Paes-Braga Apr 8, 2026 to now6
- PresidentDonald Richard Sewell Apr 8, 2026 to now7
- Chief financial officerDonald Richard Sewell Apr 8, 2026 to now7
Board members and other officers (4)
- Board memberGerard Barron Apr 8, 2026 to now8
- Board memberHamed Shahbazi Apr 8, 2026 to now9
- Board memberJorge Rafael Fonseca Chaumer Apr 8, 2026 to now10
- Board memberMichael Bernard Hess Jun 10, 2026 to now11
Timeline
Filings
60 filings to the SEC since October 2021: 1 annual reports, 12 insider forms, 6 large holders, 41 other. The latest 20:
- Sep 29, 2026F-1/A EDGAR
- Sep 24, 2026F-1 EDGAR
- Sep 24, 2026F-1 EDGAR
- Sep 14, 2026DRS EDGAR
- Aug 27, 2026424B3 EDGAR
- Aug 27, 2026424B3 EDGAR
- Aug 26, 20264 OWNERSHIP DOCUMENT EDGAR
- Aug 26, 20266-K EDGAR
- Aug 24, 20266-K EDGAR
- Aug 13, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 20266-K EDGAR
- Jul 31, 20266-K EDGAR
- Jul 23, 2026SCHEDULE 13D EDGAR
- Jul 15, 20264 OWNERSHIP DOCUMENT EDGAR
- Jul 14, 20266-K EDGAR
- Jul 8, 2026424B3 EDGAR
- Jul 7, 2026EFFECT EDGAR
- Jun 30, 20266-K EDGAR
- Jun 25, 2026POS AM EDGAR
- Jun 25, 2026424B3 EDGAR
The 60 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Michael Bernard HessSCHEDULE 13D, 1 filing Jul 23, 202612
- John B. HessSCHEDULE 13G, 2 filings May 14, 2026 to Jun 5, 202613
- Brian Paes-BragaSCHEDULE 13G, 1 filing May 15, 202614
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Anson Funds Management LP | 1,009,000 | $7.2M | 0.7% | New |
| Pentwater Capital Management LP | 919,230 | $6.6M | 0.1% | New |
| Highbridge Capital Management LLC | 326,677 | $2.3M | 0.1% | New |
| Deutsche Bank Ag\ | 282,841 | $2.0M | 0.0% | New |
| Scoggin Management LP | 255,000 | $1.8M | 0.4% | New |
| Schonfeld Strategic Advisors LLC | 28,808 | $205.7K | 0.0% | New |
| Jane Street Group, LLC | 23,104 | $165.0K | 0.0% | New |
| Quadrature Capital Ltd | 18,201 | $130.0K | 0.0% | New |
| PenderFund Capital Management Ltd. | 17,600 | $125.7K | 0.1% | New |
| Vestcor Inc | 475,758 | $3.4K | 0.1% | New |
| UBS Group AG | 382 | $2.7K | 0.0% | New |
| Morgan Stanley | 342 | $2.4K | 0.0% | New |
| Jpmorgan Chase & Co | 97 | $688 | 0.0% | New |
| Jones Financial Companies Lllp | 100 | $670 | 0.0% | New |
| Hrt Financial LP | 41,940 | $299 | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7SEC EDGARDonald Richard Sewell, President
- 8SEC EDGARGerard Barron, Board member
- 9SEC EDGARHamed Shahbazi, Board member
- 10
- 11SEC EDGARMichael Bernard Hess, Board member
- 12
- 13
- 14