<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: TMC the metals Co Inc. -->
          <cik>0001798562</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Shares, without par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/27/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002087398</issuerCik>
        <issuerName>Metals Royalty Co Inc</issuerName>
        <issuerCusips>
          <issuerCusipNumber>02462A104</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1900 Dome Tower, 333 7th Ave SW</com:street1>
          <com:city>Calgary</com:city>
          <com:stateOrCountry>A0</com:stateOrCountry>
          <com:zipCode>T2P 2Z1</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>TMC the metals company Inc.</reportingPersonName>
      <citizenshipOrOrganization>A1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>13846154.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>13846154.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>13846154.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>25.15</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>The percent of Common Shares beneficially owned by the reporting person was calculated based on 55,061,113 Common Shares issued and outstanding as described in the issuer's Registration Statement on Form F-1 filed with the Securities and Exchange Commission on March 27, 2026.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Metals Royalty Co Inc</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1900 Dome Tower, 333 7th Ave SW, Calgary, A0 T2P 2Z1</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>TMC the metals company Inc., a publicly-traded corporation</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>1111 West Hastings Street, 15th Floor, Vancouver, British Columbia, Canada V6E 2J3</principalBusinessOfficeOrResidenceAddress>
        <citizenship>The reporting person is a corporation formed under the laws of British Columbia, Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>13,846,154</amountBeneficiallyOwned>
        <classPercent>25.15%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>13,846,154</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>13,846,154</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>TMC the metals company Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Craig Shesky</signature>
        <title>Craig Shesky, CFO</title>
        <date>04/09/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
