Aug. 14 at 3:47 PM
$TMCR Mesabi is getting very close to production. The Mesabi Metallics project is reported at 95.5% overall completion, with engineering 99% complete and procurement 99.3% complete. Commissioning of Line 1 is targeted for July/August 2026.
Hence TMCR’s Mesabi royalty could start generating meaningful cash flow as production ramps.