As of November 10, 2026, 4 holders' latest Schedule 13D or 13G filings report owning 5% or more of Metals Royalty Co Inc. The largest reported stake is Paes-Braga Brian's, at 25.4%. 7 filings are on record since April 9, 2026 (Schedule 13G, May 15, 2026).
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Key facts
- · Reporting person: Mesabi Investments (USA) LLC · Sole voting: 4,365,079 · Shared voting: 576,923 · Sole dispositive: 4,365,079 · Shared dispositive: 576,923 · SCHEDULE 13G, 2026-11-06
- · Reporting person: TMC the metals Co Inc. · Sole voting: 13,923,077 · Shared voting: 0 · Sole dispositive: 13,923,077 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-08-13
- · Reporting person: Michael Bernard Hess · Sole voting: 2,500,000 · Shared voting: 1,000,000 · Sole dispositive: 2,500,000 · Shared dispositive: 1,000,000 · SCHEDULE 13D, 2026-07-23
- · Reporting person: JMH Ventures LLC · Sole voting: 0 · Shared voting: 2,000,000 · Sole dispositive: 0 · Shared dispositive: 2,000,000 · SCHEDULE 13G, 2026-06-05
- · Holder: Paes-Braga Brian · Percent: 25.4% · SCHEDULE 13G
Metals Royalty Co Inc. has 7 Schedule 13D or 13G filings on record since 2026-04-09. 4 holders' latest filing reports 5% or more of common shares, without par value. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 25.4% | 13,972,630 | SCHEDULE 13G, 2026-05-15 | 2026-03-31 | |
| TMC the metals Co Inc. | 22.1% | 13,923,077 | SCHEDULE 13G/A, 2026-08-13 | 2026-06-01 |
| Mesabi Investments (USA) LLC | 7.3% | 4,942,002 | SCHEDULE 13G, 2026-11-06 | 2026-09-24 |
| 5.55% | 3,500,000 | SCHEDULE 13D, 2026-07-23 | 2026-07-13 | |
| 4.9% | 3,000,000 | SCHEDULE 13G, 2026-06-05 | 2026-06-01 |
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| TMC the metals Co Inc. | 13,923,077 | 0 | 13,923,077 | 0 | SCHEDULE 13G/A, 2026-08-13 |
| Mesabi Investments (USA) LLC | 4,365,079 | 576,923 | 4,365,079 | 576,923 | SCHEDULE 13G, 2026-11-06 |
| Ironclad Royalties, LLC | 0 | 576,923 | 0 | 576,923 | SCHEDULE 13G, 2026-11-06 |
| Michael Bernard Hess | 2,500,000 | 1,000,000 | 2,500,000 | 1,000,000 | SCHEDULE 13D, 2026-07-23 |
| SS3H Ventures LLC | 0 | 1,000,000 | 0 | 1,000,000 | SCHEDULE 13D, 2026-07-23 |
| Kelly J. Engel | 0 | 1,000,000 | 0 | 1,000,000 | SCHEDULE 13D, 2026-07-23 |
| JMH Ventures LLC | 0 | 2,000,000 | 0 | 2,000,000 | SCHEDULE 13G, 2026-06-05 |
| Hpi LP | 0 | 1,000,000 | 0 | 1,000,000 | SCHEDULE 13G, 2026-06-05 |
| Hess GP LLC | 0 | 1,000,000 | 0 | 1,000,000 | SCHEDULE 13G, 2026-06-05 |
| The JBH Investment Trust | 0 | 384,616 | 0 | 384,616 | SCHEDULE 13G, 2026-06-05 |
| Hess John B | 2,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | SCHEDULE 13G, 2026-06-05 |
| Kelly J. Engel | 0 | 1,384,616 | 0 | 1,384,616 | SCHEDULE 13G, 2026-06-05 |
| James I. Black III | 0 | 384,616 | 0 | 384,616 | SCHEDULE 13G, 2026-06-05 |
The latest filing identifies Metals Royalty Co Inc. by CUSIP 591322102 and gives its principal executive office as 1900 Dome Tower, 333 7th Ave SW, Calgary (SCHEDULE 13G, 2026-11-06).
What the percentages are based on
The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person.Hess John B, SCHEDULE 13G, 2026-06-05
Source of funds (Item 3)
The securities reported herein include 1,000,000 Shares granted to Mr. Hess on July 13, 2026 under the Issuer's 2025 Equity Incentive Plan in connection with Mr. Hess' appointment as a director of the Issuer, at a deemed issue price of $5.93 per Share. Mr. Hess made no payment for such Shares, which were granted in consideration of service to the Issuer.Michael Bernard Hess, SCHEDULE 13D, 2026-07-23
Purpose of Transaction (Item 4)
Michael Bernard Hess
The disclosure set forth in Items 5 and 6 below is hereby incorporated by reference in this Item 4. Effective June 1, 2026, Mr. Hess was appointed as a director and non-executive Co-Chairman of the Issuer. The Reporting Persons hold the Shares for investment. Although no Reporting Person has any specific plan or proposal to acquire or dispose of Shares or other securities of the Issuer, consistent with the above investment purpose, and subject to the fiduciary duties and Issuer policies to which Mr. Hess is subject as a director and certain lock-up obligations to which Mr. Hess is subject as described in Item 6, each Reporting Person at any time and from time to time may acquire additional Shares or other securities of the Issuer or dispose of any or all of its Shares or other securities of the Issuer, depending in any case upon an ongoing evaluation of the Reporting Persons' investment in the Shares and/or such other securities, prevailing market conditions, general economic and industry conditions, other investment opportunities available to the Reporting Persons, the liquidity requirements of the Reporting Persons and/or other investment considerations. None of the Reporting Persons has made a determination regarding a maximum or minimum number of Shares or other securities of the Issuer which it may hold at any point in time. In his capacity as a director, Mr. Hess communicates with the Issuer's other directors, the Issuer's management team, and/or other parties …The first part of Item 4 of the SCHEDULE 13D filed 2026-07-23; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2026-04-09 | TMC the metals company Inc. | 25.15% | SCHEDULE 13G |
| 2026-05-14 | Hess John B | 5.45% | SCHEDULE 13G |
| 2026-05-15 | Paes-Braga Brian | 25.4% | SCHEDULE 13G |
| 2026-06-05 | Hess John B | 4.9% | SCHEDULE 13G |
| 2026-07-23 | Michael Bernard Hess | 5.55% | SCHEDULE 13D |
| 2026-08-13 | TMC the metals Co Inc. | 22.1% | SCHEDULE 13G/A |
| 2026-11-06 | Mesabi Investments (USA) LLC | 7.3% | SCHEDULE 13G |
Questions about who owns Metals Royalty Co Inc.
Who owns Metals Royalty Co Inc.?
On this page, 4 holders' latest ownership filings report 5% or more of Metals Royalty Co Inc.: Paes-Braga Brian (25.4%, Schedule 13G, filed 2026-05-15), TMC the metals Co Inc. (22.1%, Schedule 13G/A, filed 2026-08-13), Mesabi Investments (USA) LLC (7.3%, Schedule 13G, filed 2026-11-06) and Michael Bernard Hess (5.55%, Schedule 13D, filed 2026-07-23).
Who are the largest shareholders of Metals Royalty Co Inc.?
By the share each holder's latest filing reports, the largest holders of Metals Royalty Co Inc. on this page are Paes-Braga Brian (25.4%), TMC the metals Co Inc. (22.1%) and Mesabi Investments (USA) LLC (7.3%).
When did Paes-Braga Brian buy into Metals Royalty Co Inc.?
The filings give report dates, not purchase dates. The earliest filing from Paes-Braga Brian on this page is the Schedule 13G, filed 2026-05-15, reporting 25.4%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 7 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.