Canadian royalty acquirer The Metals Royalty Company set to direct list on the Nasdaq today, 4/8
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The Metals Royalty Company, a Canadian critical metals acquirer, is set to commence trading on the Nasdaq today, April 8, following its registration statement's effectiveness. The company will list 55.1 million shares for sale by existing stockholders without raising new capital. Its sole asset is the NORI Royalty, a 2.0% gross overriding royalty on a polymetallic nodule project in the Pacific Ocean, which is not yet permitted for commercial production. The company will trade under the symbol TMCR, with Stifel acting as a financial advisor for the direct listing.
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