X0202 SCHEDULE 13G 0001087997 XXXXXXXX LIVE Common Shares, without par value (the "Shares") 03/26/2026 0002087398 Metals Royalty Co Inc. 02462A104 1900 Dome Tower, 333 7th Ave SW Calgary A0 T2P 2Z1 Rule 13d-1(d) JMH Ventures LLC b DE 0 2000000 0 2000000 2000000 N 3.63 OO HPI LP b DE 0 1000000 0 1000000 1000000 N 1.82 PN Hess GP LLC b DE 0 1000000 0 1000000 1000000 N 1.82 OO HESS JOHN B b X1 2000000 1000000 2000000 1000000 3000000 N 5.45 IN Metals Royalty Co Inc. 1900 Dome Tower, 333 7th Ave SW, Calgary, Alberta, Canada, T2P 2Z1 This Schedule 13G is filed by the persons listed below, all of which together are referred to herein as the "Reporting Persons." (i) JMH Ventures LLC, a Delaware limited liability company ("JMHV"), with respect to the Shares held by it; (ii) HPI LP, a Delaware limited partnership ("HPI"), with respect to the Shares held by it; (iii) Hess GP LLC, a Delaware limited liability company ("Hess GP"), which is the general partner of HPI, with respect to the Shares held by HPI; and (iv) John B. Hess, an individual ("Mr. Hess"), who is the sole manager of JMHV and the co-manager of Hess GP, with respect to the Shares held by each of JMHV and HPI. The address of the principal business office of each of the Reporting Persons is c/o HFO Holdings LLC, 1185 Avenue of the Americas, 40th Floor, New York, NY 10036. The citizenship of each of JMHV, HPI, and Hess GP is set forth above. Mr. Hess is a citizen of the United States. Y The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. The Shares reported hereby for JMHV are held directly by JMHV. The Shares reported hereby for HPI are held directly by HPI. Hess GP, as the general partner of HPI, may be deemed a beneficial owner of such Shares held by HPI. Mr. Hess, as the sole manager of JMHV and the co-manager of Hess GP, in each case with voting and dispositive power, may be deemed a beneficial owner of the Shares held by each of JMHV and HPI. The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. The percentage of the class beneficially owned by each of the Reporting Persons was calculated based on 55,061,113 Shares issued and outstanding, as disclosed by the Issuer in post-effective Amendment No. 1 to the Issuer's registration statement on Form F-1 (Registration No. 333-293837) filed with the Securities and Exchange Commission on March 27, 2026. The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. The information required by Items 4(a)-(c) is set forth in Rows 5 through 11 of the cover page for each Reporting Person and is incorporated herein by reference for each such Reporting Person. Y Y Y N The Reporting Persons are filing this Schedule 13G pursuant to Section 240.13d-1(d). The Reporting Persons neither disclaim nor affirm the existence of a group among them. Each Reporting Person is a beneficial owner only of the securities reported by it on its cover page. Y Y Exhibit 1. Joint Acquisition Statement Pursuant to Section 240.13d-1(k) JMH Ventures LLC /s/ John B. Hess 05/14/2026 HPI LP /s/ John B. Hess 05/14/2026 Hess GP LLC /s/ John B. Hess 05/14/2026 HESS JOHN B /s/ John B. Hess 05/14/2026