Dedicated to reducing carbon emissions and environmentally sustainable mining and steel production. Supporting economic prosperity for Northern Minnesota.
Location: United States
Total raised: $150M
Funding Rounds 1
| Date | Series | Amount | Investors |
| 07.04.2026 | - | $150M | Macquarie ... |
Mentions in press and media 4
| Date | Title | Description |
| 07.04.2026 | Mesabi Metallics: $150 Million Financing Secured For Iron Ore Project Development | Mesabi Metallics Company announced that it has secured $150 million in financing from Macquarie Group, supporting the planned Q3 2026 startup of its direct reduction grade iron ore mine and pellet plant in Nashwauk, Minnesota. The funding a... |
| 06.04.2026 | Mesabi Metallics Secures $150 Million from Macquarie Group | Latest financing builds on recent capital momentum for structurally important American iron ore project NASHWAUK, Minn., April 6, 2026 /PRNewswire/ -- Mesabi Metallics Company LLC (Mesabi Metallics), backed by Essar Group, today announced t... |
| 06.04.2026 | Mesabi Metallics secures $150 m investment from Macquarie Group | - |
| - | Mesabi Metallics Company | “Dedicated to reducing carbon emissions and environmentally sustainable mining and steel production. Supporting economic prosperity for Northern Minnesota.” |