Mesabi Metallics Company

Mesabi Metallics Company

Private
MinnesotaFrontier & Industrial Techhttps://www.mesabimetallics.com/

Last Round

Debt

3/31/2026

Total Funding Raised

$792M

Momentum Score

50 /100

Company Overview

Mesabi Metallics Company LLC is a mining company developing a state-of-the-art, seven-million-ton-per-year iron ore mine and pellet plant in Nashwauk, Minnesota, to produce premium Direct Reduction (DR) grade pellets for the American steel industry.

Sector

Frontier & Industrial Tech

Verticals

Advanced Materials, Sustainable Materials, Supply Chain, Clean Manufacturing

Business Model

B2B

Customer Profile

Government Contracts

AI Layer

Non-AI

Keywords

DR-grade pelletshigh-grade iron oreiron ore miningiron ore pelletsdirect reduced ironDRIlower-carbon steelgreen steelelectric arc furnaceEAFdirect reductionDRsteel industry supply chaindomestic iron ore supplysustainable materialsclean manufacturing

Historical Pricing

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Caplight Momentum Score

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Mesabi Metallics Company Comps

Public and private peers based on sector, stage, and business model.

CompanyStatusEst. ValuationRev Multiple
OpenAIPrivate$86.0B~40x
CoherePrivate$5.0B--
Competitor 1Public$XX.XBXXx
Competitor 2Public$XX.XBXXx

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Mesabi Metallics Company Funding Rounds

Historical fundraising activity

RoundDateAmount RaisedValuationInvestorsSources
Debt3/31/2026
Corporate Funding12/31/2022
Private Equity12/22/2017

Key People

Founding team and executive leadership

Joe Broking

President And CEO

Executive Team

Larry Sutherland

President Chief Operating Officer

Executive Team

Mesabi Metallics Company Investors

Notable investors and investment history

InvestorRounds
Macquarie GroupDebt
DSA InvestmentsPrivate Equity
Breakwall Capital LPDebt

Market signals

Structured signals derived from secondary market and firmographic data.

  • Mar 31, 2026

    $520M debt round completed.

  • Jan 21, 2026

    Monthly visitors increased 40% MoM.

Mesabi Metallics Company Filings

SEC and related filings with document metadata.

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Mesabi Metallics Company Filings

SEC and related filings with document metadata.

Frequently Asked Questions

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Firmographic Details

HeadquartersMinnesota
Employee Range58
Year Founded2008
Last Funding3/31/2026

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