X0202 SCHEDULE 13G 0001087997 XXXXXXXX LIVE Common Shares, without par value (the "Shares") 06/01/2026 0002087398 Metals Royalty Co Inc. 02462A104 1900 Dome Tower, 333 7th Ave SW Calgary A0 T2P 2Z1 Rule 13d-1(c) JMH Ventures LLC b DE 0 2000000 0 2000000 2000000 N 3.27 OO HPI LP b DE 0 1000000 0 1000000 1000000 N 1.63 PN Hess GP LLC b DE 0 1000000 0 1000000 1000000 N 1.63 OO The JBH Investment Trust b NY 0 384616 0 384616 384616 N 0.63 OO HESS JOHN B b X1 2000000 1000000 2000000 1000000 3000000 4.90 IN Kelly J. Engel b X1 0 1384616 0 1384616 1384616 2.26 IN James I. Black III b X1 0 384616 0 384616 384616 0.63 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; (iv) The JBH Investment Trust, a trust created under the laws of New York ("JBHIT"), with respect to the Shares held by it; (v) 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; (vi) Kelly J. Engel, an individual ("Ms. Engel"), who is the co-manager of Hess GP and the co-trustee of JBHIT, with respect to the Shares held by each of HPI and JBHIT; and (vii) James I. Black III, an individual ("Mr. Black"), who is the co-trustee of JBHIT, with respect to the Shares held by JBHIT. The address of the principal business office of each of the Reporting Persons other than Mr. Black is c/o HFO Holdings LLC, 1185 Avenue of the Americas, 40th Floor, New York, NY 10036. The address of the principal business office of Mr. Black is c/o Sullivan & Cromwell LLP, 125 Broad Street, New York, NY 10004. The citizenship of each of JMHV, HPI, Hess GP and JBHIT is set forth above. Each of Mr. Hess, Ms. Engel and Mr. Black 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. The Shares reported hereby for JBHIT are held directly by JBHIT. 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. Ms. Engel, as the co-manager of Hess GP and the co-trustee of JBHIT, may be deemed a beneficial owner of such Shares held by each of HPI and JBHIT. Mr. Black, as the co-trustee of JBHIT, may be deemed a beneficial owner of such Shares held by JBHIT. 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 61,225,254 Shares issued and outstanding, as adjusted and approximated for the issuance of 6,164,141 Shares (as provided by the Issuer) in the PIPE Financing (as defined and reported in the press release attached as Exhibit 99.1 to the Form 6-K filed by the Issuer with the Securities and Exchange Commission on June 1, 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(c). The Reporting Persons may be deemed members of a group, within the meaning of Section 13(g)(3) of and Rule 13d-5(b) under the Securities Exchange Act of 1934, as amended, with respect to the Shares. The Reporting Persons neither disclaim nor affirm the existence of such a group. Each Reporting Person is a beneficial owner only of the securities reported by it on its cover page. Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit 1. Joint Acquisition Statement Pursuant to Section 240.13d-1(k) JMH Ventures LLC /s/ John B. Hess 06/05/2026 HPI LP /s/ John B. Hess 06/05/2026 /s/ Kelly J. Engel 06/05/2026 Hess GP LLC /s/ John B. Hess 06/05/2026 /s/ Kelly J. Engel 06/05/2026 The JBH Investment Trust /s/ Kelly J. Engel 06/05/2026 /s/ James I. Black III 06/05/2026 HESS JOHN B /s/ John B. Hess 06/05/2026 Kelly J. Engel /s/ Kelly J. Engel 06/05/2026 James I. Black III /s/ James I. Black III 06/05/2026