SCHEDULE 13G

CUSIP Number(s):

591322102

1

Names of Reporting Persons

Paes-Braga Brian

2

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

3

Sec Use Only

4

Citizenship or Place of Organization

BRITISH COLUMBIA, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 13,972,630.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 13,972,630.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

13,972,630.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

11

Percent of class represented by amount in row (9)

25.4 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: 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 20-F filed with the Securities and Exchange Commission on April 27, 2026.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Metals Royalty Co Inc.

(b)

Address of issuer's principal executive offices:

1900 DOME TOWER, 333 7TH AVE SW, Calgary, AB, T2P 2Z1.

Item 2.

(a)

Name of person filing:

Brian Paes-Braga, Chief Executive Officer and Chairman of the Issuer.

(b)

Address or principal business office or, if none, residence:

1900 DOME TOWER, 333 7TH AVE SW, Calgary, AB, T2P 2Z1.

(c)

Citizenship:

BRITISH COLUMBIA, CANADA

(d)

Title of class of securities:

Common shares without par value

(e)

CUSIP Number(s):

591322102

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

13,972,630

(b)

Percent of class:

25.4%

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

13,972,630

(ii) Shared power to vote or to direct the vote:

0

(iii) Sole power to dispose or to direct the disposition of:

13,972,630

(iv) Shared power to dispose or to direct the disposition of:

0

Item 5.

Ownership of 5 Percent or Less of a Class.

Not Applicable

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

Not Applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Paes-Braga Brian

Signature:	/s/ Brian Paes-Braga
Name/Title:	Brian Paes-Braga
Date:	05/15/2026