{
 "as_of": "2026-11-08",
 "cmr": "us-cm-kg/NASDAQ/TMCR",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# Metals Royalty Co Inc. (NASDAQ: TMCR) — research page\n\nAs of 2026-11-08 · us-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is Metals Royalty Co Inc., listed on NASDAQ under the ticker TMCR. Its ISIN is US5913221025. Its LEI is not on the record, as there is no GLEIF record with the exact legal name in jurisdiction US-A1. Its security type is non-operating entity type (other), its segment is not on the record, its sector is 1040 Gold and Silver Ores, and its jurisdiction is British Columbia, Canada. The issuer is listed and not halted.\n\n## The disclosure read\n\nThe record holds 64 filings in the twelve months to 2026-11-08, across 46 filing days. By type, the record holds 12 directors' dealings, 16 prospectuses, 24 regulatory filings and 12 results. The median gap between filing days is 5 days. The latest filing is dated 2026-11-06 and is a regulatory filing, 2 days before the record date. On NASDAQ the median cadence gap is 6.0 days, the median filings count is 52 and the median latency is 5.0 days across 4,359 issuers. In the sector 1040 Gold and Silver Ores the median cadence gap is 7.0 days, the median filings count is 43 and the median latency is 6 days across 81 issuers. The issuer's filings count of 64 is above the NASDAQ median of 52 and above the sector median of 43.\n\n## Auditor\n\nThe auditor is not on the record, as there is no dei:AuditorName tag on the latest annual report cover, and foreign private issuers and older filings carry none. The auditor's location is not on the record. The record holds no auditor changes.\n\n## Events and halts\n\nThe record holds two listing lines, dated 2026-03-24 and 2026-03-27. It holds no delisting and no name change. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.\n\n## Orderability\n\nThe outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 2 research houses: William Blair and Stifel.\n\n## Open research\n\nThe record holds 1 openly published research note: William Blair, dated 2026-09-14.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage is sealed. The sealed years that hold the issuer are 2025 and 2026. The earliest sealed date for the US market is 2021-01-04. The live record began on 2026-09-12.\n\n## Sources\n\n9 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.sec.gov/files/company_tickers_exchange.json (identity.exchange)\n- https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data (identity.isin)\n- https://data.sec.gov/submissions/CIK0002087398.json (identity.jurisdiction)\n- https://mcp.us-cm-kg.ai/events/NASDAQ/TMCR (the disclosure lines)\n- https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts (the halt flag)\n- https://mcp.us-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.themetalsroyaltyco.com/investor-relations/analyst-coverage (coverage)\n- https://www.williamblair.com/News/The-Metals-Royalty-Company-Inc-Research-Initiation (open research)\n- https://mcp.us-cm-kg.ai/record/NASDAQ/TMCR (the record)\n",
 "market": "US",
 "node": "us-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [
    "2025",
    "2026"
   ],
   "live_record_began": "2026-09-12",
   "node_history_from": "2021-01-04",
   "node_years_sealed": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ],
   "record_version": 1,
   "sealed": true
  },
  "auditor": {
   "auditor": {
    "market": "US",
    "reason": "no dei:AuditorName tag on the latest annual report cover (foreign private issuers and older filings carry none)",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "US",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "US",
    "state": "not_on_record"
   },
   "changes": []
  },
  "cmr": "us-cm-kg/NASDAQ/TMCR",
  "coverage": {
   "count": 2,
   "houses": [
    {
     "analyst": "Neal Dingmann / Bert Donnes",
     "house": "William Blair",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://www.themetalsroyaltyco.com/investor-relations/analyst-coverage",
     "state": "sourced"
    },
    {
     "analyst": "Fanming Zeng",
     "house": "Stifel",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-11",
     "source": "https://www.themetalsroyaltyco.com/investor-relations/analyst-coverage",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.themetalsroyaltyco.com/investor-relations/analyst-coverage",
     "result": "read: 2 of 4 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-11",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 4359,
     "median_cadence_gap_days": 6,
     "median_filings": 52,
     "median_latency_days": 5,
     "name": "NASDAQ"
    },
    "sector": {
     "issuers": 81,
     "median_cadence_gap_days": 7,
     "median_filings": 43,
     "median_latency_days": 6,
     "name": "1040 Gold and Silver Ores"
    }
   },
   "by_type": {
    "directors_dealings": 12,
    "prospectus": 16,
    "regulatory_filing": 24,
    "results": 12
   },
   "cadence_median_gap_days": 5,
   "filing_days": 46,
   "filings": 64,
   "latency_days": 2,
   "latest": [
    {
     "category": "SCHEDULE 13G",
     "date": "2026-11-06",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/000114036126042483/xslSCHEDULE_13G_X02/primary_doc.xml",
     "title": "SCHEDULE 13G",
     "type": "regulatory_filing"
    },
    {
     "category": "424B3",
     "date": "2026-10-23",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/000110465926118475/tm2611613-10_424b3.htm",
     "title": "424B3 — 424B3",
     "type": "prospectus"
    },
    {
     "category": "424B3",
     "date": "2026-10-23",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/000110465926118470/tm2625277-7_424b3.htm",
     "title": "424B3 — 424B3",
     "type": "prospectus"
    },
    {
     "category": "EFFECT",
     "date": "2026-10-22",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/999999999526003320/xslEFFECTX01/primary_doc.xml",
     "title": "EFFECT (items ,,)",
     "type": "regulatory_filing"
    },
    {
     "category": "EFFECT",
     "date": "2026-10-22",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/999999999526003319/xslEFFECTX01/primary_doc.xml",
     "title": "EFFECT (items ,,)",
     "type": "regulatory_filing"
    }
   ],
   "latest_filing_date": "2026-11-06",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/TMCR",
   "window": {
    "from": "2025-11-08",
    "to": "2026-11-08"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "NASDAQ"
   },
   "isin": {
    "read_by": "SEC Fails-to-Deliver data (CUSIP for the symbol) · ISIN = US + CUSIP + ISO 6166 check digit",
    "read_date": "2026-10-14",
    "read_date_basis": "last_seen",
    "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data",
    "state": "sourced",
    "value": "US5913221025"
   },
   "jurisdiction": {
    "read_by": "EDGAR submissions API (issuer header as filed) (stateOfIncorporation)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002087398.json",
    "state": "sourced",
    "value": "British Columbia, Canada"
   },
   "lei": {
    "market": "US",
    "reason": "no GLEIF record with the exact legal name in jurisdiction US-A1",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002087398.json",
    "state": "sourced",
    "value": "Metals Royalty Co Inc."
   },
   "sector": {
    "read_by": "EDGAR submissions API (issuer header as filed) (SIC code as assigned by the SEC)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002087398.json",
    "state": "sourced",
    "value": "1040 Gold and Silver Ores"
   },
   "security_type": {
    "read_by": "EDGAR submissions API (issuer header as filed)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://data.sec.gov/submissions/CIK0002087398.json",
    "state": "sourced",
    "value": "Non-operating entity type (other)"
   },
   "segment": {
    "market": "US",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "EDGAR company_tickers_exchange.json (SEC list of exchange-listed filers)",
    "read_date": "2026-11-08",
    "read_date_basis": "the record version as_of",
    "source": "https://www.sec.gov/files/company_tickers_exchange.json",
    "state": "sourced",
    "value": "TMCR"
   },
   "website": {
    "market": "US",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": [],
   "domicile_change": {
    "market": "US",
    "reason": "EDGAR states no dated change of state of incorporation on a filing line",
    "state": "not_on_record"
   },
   "listing": [
    {
     "date": "2026-03-24",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/000110465926033637/tm2526563d19_8a12b.htm",
     "title": "8-A12B — FORM 8-A12B"
    },
    {
     "date": "2026-03-27",
     "source": "https://www.sec.gov/Archives/edgar/data/2087398/000135445726000306/TMCR_8A_Cert_0002087398.pdf",
     "title": "CERT"
    }
   ],
   "name_change": [],
   "segment_move": {
    "market": "US",
    "reason": "the exchanges' tier transfers are not EDGAR filings",
    "state": "not_on_record"
   }
  },
  "market": "US",
  "node": "us-cm-kg",
  "numbers_hash": "sha256:c7e63e009bd80424ba6d884e640a5047a9e4dbf0fa014db25fad738d6c008c7c",
  "open_research": {
   "read_date": "2026-11-11",
   "rows": [
    {
     "date": "2026-09-14",
     "kind": "independent",
     "publisher": "William Blair",
     "read_by": "the note's own page, fetched by this rail",
     "read_date": "2026-11-11",
     "source": "https://www.williamblair.com/News/The-Metals-Royalty-Company-Inc-Research-Initiation",
     "state": "sourced",
     "title": "The Metals Royalty Company Inc.: Initiation of Research Coverage"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.us-cm-kg.ai/book/aio.json",
    "door": "https://mcp.us-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1",
   "section": "us.aio.v8"
  },
  "record": {
   "as_of": "2026-11-08",
   "url": "https://mcp.us-cm-kg.ai/record/NASDAQ/TMCR",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-08",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:c7e63e009bd80424ba6d884e640a5047a9e4dbf0fa014db25fad738d6c008c7c",
 "path": "/us/NASDAQ/TMCR",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is Metals Royalty Co Inc., listed on NASDAQ under the ticker TMCR. Its ISIN is US5913221025. Its LEI is not on the record, as there is no GLEIF record with the exact legal name in jurisdiction US-A1. Its security type is non-operating entity type (other), its segment is not on the record, its sector is 1040 Gold and Silver Ores, and its jurisdiction is British Columbia, Canada. The issuer is listed and not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 64 filings in the twelve months to 2026-11-08, across 46 filing days. By type, the record holds 12 directors' dealings, 16 prospectuses, 24 regulatory filings and 12 results. The median gap between filing days is 5 days. The latest filing is dated 2026-11-06 and is a regulatory filing, 2 days before the record date. On NASDAQ the median cadence gap is 6.0 days, the median filings count is 52 and the median latency is 5.0 days across 4,359 issuers. In the sector 1040 Gold and Silver Ores the median cadence gap is 7.0 days, the median filings count is 43 and the median latency is 6 days across 81 issuers. The issuer's filings count of 64 is above the NASDAQ median of 52 and above the sector median of 43.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor is not on the record, as there is no dei:AuditorName tag on the latest annual report cover, and foreign private issuers and older filings carry none. The auditor's location is not on the record. The record holds no auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record holds two listing lines, dated 2026-03-24 and 2026-03-27. It holds no delisting and no name change. The domicile change is not on the record, as EDGAR states no dated change of state of incorporation on a filing line. The segment move is not on the record, as the exchanges' tier transfers are not EDGAR filings. The halt flag reads listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/us/reasonable-basis-suitability-finra-rule-2111/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 2 research houses: William Blair and Stifel.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds 1 openly published research note: William Blair, dated 2026-09-14.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage is sealed. The sealed years that hold the issuer are 2025 and 2026. The earliest sealed date for the US market is 2021-01-04. The live record began on 2026-09-12.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "9 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.sec.gov/files/company_tickers_exchange.json"
  },
  {
   "for": "identity.isin",
   "source": "https://www.sec.gov/data-research/sec-markets-data/fails-deliver-data"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://data.sec.gov/submissions/CIK0002087398.json"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.us-cm-kg.ai/events/NASDAQ/TMCR"
  },
  {
   "for": "the halt flag",
   "source": "https://www.nasdaqtrader.com/rss.aspx?feed=tradehalts"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.us-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.themetalsroyaltyco.com/investor-relations/analyst-coverage"
  },
  {
   "for": "open research",
   "source": "https://www.williamblair.com/News/The-Metals-Royalty-Company-Inc-Research-Initiation"
  },
  {
   "for": "the record",
   "source": "https://mcp.us-cm-kg.ai/record/NASDAQ/TMCR"
  }
 ],
 "title": "Metals Royalty Co Inc. (TMCR) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}