The Metals Royalty Company Inc. announced a private placement with institutional and accredited investors to issue 5,769,231 common shares at a purchase price of $13 for gross proceeds of $75,000,003 and non-convertible senior secured term-loan credit facility for $50,000,000 for aggregate proceeds of $125,000,003 on May 6, 2026. The transaction includes participation from returning investor YA II PN, Ltd, a fund managed by Yorkville Advisors Global LP, for 1,153,900 common shares. The company will receive $15,000,000 from founders and insiders.
The term sheet contemplates a single-draw, non-revolving facility with a 36-month maturity, bearing interest at 9% per annum with step-ups over time. Completion of the transaction and the financings are subject to the satisfaction of customary closing conditions. The credit facility is expected to close concurrently with, or immediately prior to, the closing of the transaction, subject to satisfaction of applicable conditions, including completion of due diligence and execution of definitive documentation.
The PIPE financing is conditional upon, and is expected to close concurrently with, or immediately prior to, the closing of the transaction, subject to the satisfaction of applicable conditions.
