Investment holding company focused on acquiring and managing a diversified portfolio of royalty interests in mineral properties.
Scully Royalty Ltd. functions as a prominent player in the iron ore mining sector, with operations spanning across the Americas, Africa, Canada, Asia, and Europe. The company operates through three distinct segments: Royalty, Industrial, and Merchant Banking. Its primary asset is a significant royalty interest in the Scully iron ore mine, strategically located in the Province of Newfoundland and Labrador, Canada. This mine plays a pivotal role in the company's revenue stream and operational focus within the mining industry.
In addition to its core mining activities, Scully Royalty Ltd. diversifies its business interests across manufacturing and medical supplies and services sectors. This diversified approach allows the company to leverage its operational expertise and market presence across various industries, contributing to its overall business resilience and growth strategy. The company's strategic initiatives encompass expanding its footprint in key markets while maintaining a robust portfolio of assets that support its long-term financial objectives.
Founded in 2017 and headquartered in Central, Hong Kong, Scully Royalty Ltd. was formerly known as MFC Bancorp Ltd. before rebranding in June 2019. This strategic shift reflects the company's evolution and commitment to enhancing shareholder value through focused business operations and prudent financial management. With its global presence and diversified business segments, Scully Royalty Ltd. continues to position itself as a significant player in the mining and related industries, poised for sustainable growth in the global marketplace.