Mentioned:
There’s a new royalty company on the Nasdaq. And they’re coming after the opportunity in deep sea mining.
What’s happening:
- The Metals Royalty Company (NASDAQ: TMCR) has successfully completed their direct listing and begun trading on the Nasdaq
Why it matters:
- The Metals Royalty Company is the first ever publicly traded royalty company on a major stock exchange in the United States that is focused on deep sea mining and owns a 2.0% gross royalty on the NORI polymetallic nodule project which is controlled by The Metals Company (NASDAQ: TMC)
Going deeper:
- The Metals Royalty Company has publicly stated they plan to acquire more critical minerals royalty and streaming deals that are located in the United States of America
- The Metals Company is one of the largest shareholders of The Metals Royalty Company and The Metals Company co-founder Gerard Barron is on the board of directors
The intrigue:
- Michael Hess is one of the largest investors in The Metals Royalty Company and is also a strategic advisor to the company
