<?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/A</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>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Shares, without par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/01/2026</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002087398</issuerCik>
        <issuerName>Metals Royalty Co Inc.</issuerName>
        <issuerCusips>
          <issuerCusipNumber>591322102</issuerCusipNumber>
        </issuerCusips>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>1900 Dome Tower</com:street1>
          <com:street2>333 7th Ave SW</com:street2>
          <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 Co Inc.</reportingPersonName>
      <citizenshipOrOrganization>A1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>13923077.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>13923077.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>13923077.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>22.1</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>The percent of Common Shares beneficially owned by the reporting person was calculated based on 63,048,943 Common Shares issued and outstanding as of August 10, 2026, as described in the issuer's Report on Form 6-K filed with the Securities and Exchange Commission on August 10, 2026.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Metals Royalty Co Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>1900 Dome Tower, 333 7th Ave SW, Calgary, Alberta, Canada 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>
      <item4>
        <amountBeneficiallyOwned>13,923,077</amountBeneficiallyOwned>
        <classPercent>22.1 %</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>13,923,077</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>13,923,077</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 Co Inc.</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Craig Shesky</signature>
        <title>Craig Shesky, CFO</title>
        <date>08/13/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
