<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001193805-10-000792</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: KELLOGG PETER R -->
          <cik>0000897485</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>11</amendmentNo>
      <securitiesClassTitle>Common Stock, par value $1.00</securitiesClassTitle>
      <dateOfEvent>05/19/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001333274</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>588056101</issuerCusipNumber>
        </issuerCusips>
        <issuerName>MERCER INTERNATIONAL INC.</issuerName>
        <address>
          <com:street1>Suite 1120, 700 West Pender Street</com:street1>
          <com:city>Vancouver</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6C 1G8</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Peter R. Kellogg</personName>
          <personPhoneNum>(212) 389-5841</personPhoneNum>
          <personAddress>
            <com:street1>48 Wall Street, 30th Floor</com:street1>
            <com:city>New York</com:city>
            <com:stateOrCountry>NY</com:stateOrCountry>
            <com:zipCode>10005</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0000897485</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Peter R. Kellogg</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>X1</citizenshipOrOrganization>
        <soleVotingPower>25380929.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>25380929.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>24469540.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>37.9</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Common Stock, par value $1.00</securityTitle>
        <issuerName>MERCER INTERNATIONAL INC.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>Suite 1120, 700 West Pender Street</com:street1>
          <com:city>Vancouver</com:city>
          <com:stateOrCountry>A1</com:stateOrCountry>
          <com:zipCode>V6C 1G8</com:zipCode>
        </issuerPrincipalAddress>
      </item1>
      <item5>
        <percentageOfClassSecurities>As of the close of business on May 19, 2026, Mr. Kellogg beneficially owned an aggregate of 25,380,929 shares, constituting approximately 37.9% of the shares outstanding.</percentageOfClassSecurities>
        <numberOfShares>As of the close of business on May 19, 2026, Mr. Kellogg beneficially owned an aggregate of 25,380,929 shares, constituting approximately 37.9% of the shares outstanding.</numberOfShares>
        <transactionDesc>During May 12, 2026 through May 19, 2026, entities controlled by Mr. Kellogg purchased an aggregate of 1,000,000 shares at prices ranging from approximately $0.84 to $0.96 per share through the Nasdaq Stock Market.
All such transactions have been reported on a Form 4 filed by Mr. Kellogg.</transactionDesc>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Peter R. Kellogg</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Marguerite Gorman</signature>
          <title>Marguerite Gorman, attorney-in-fact</title>
          <date>05/19/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
