The Metals Royalty shares surge 232% intraday after commencing Nasdaq direct listing under ticker TMCR.

The Metals Royalty Co. surged 232% in intraday trading following its direct listing on the Nasdaq Capital Market under the ticker TMCR. The company, anchored by a 2.0% gross overriding royalty on TMC's NORI polymetallic deposit, commenced trading today without issuing new shares. The significant price appreciation reflects investor enthusiasm for the firm's mission to advance U.S. critical mineral security and re-industrialization through a royalty-based business model focused on strategically significant domestic assets.