Founded in 2017 and based in Central, Hong Kong, Scully Royalty Ltd. (SRL) primarily operates as an iron ore extraction business, maintaining a presence across the Americas, Africa, Canada, Asia, and Europe. The enterprise conducts its activities through three distinct divisions: Royalty, Industrial, and Merchant Banking. Significantly, SRL holds a royalty stake in the Scully iron ore mine, which is situated in Newfoundland and Labrador, Canada. Additionally, its operations encompass the manufacturing and medical supplies and services industries. The company was previously identified as MFC Bancorp Ltd. before officially rebranding to Scully Royalty Ltd. in June 2019.