Mesabi Metallics Monetizes Portion of Royalty Interest for $265 Million
The $2.5 billion world-scale, low-cost DR-grade iron ore mine positions U.S. steel industry to break free from foreign imports from Brazil and other countries NASHWAUK, Minn., June 2, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi...
Mesabi Metallics Secures $150 Million from Macquarie Group
Latest financing builds on recent capital momentum for structurally important American iron ore project NASHWAUK, Minn., April 6, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced that it...
Mesabi Metallics Secures $520 Million from Breakwall Capital - Advances towards Q3 2026 start of New American Iron Ore Mine
Financing supports U.S. critical mineral security and helps reshore the American steel supply chain NASHWAUK, Minn., April 1, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by the Essar Group, today announced that it...