505 Games and MercurySteam to co-publish and co-develop new third-person action RPG for consoles, PC

Code-named "Project Iron."

505 Games will co-publish and co-develop the next game from Metroid Dread developer MercurySteam, the company announced.

Code-named “Project Iron,” the new game is a third-person action RPG set in a dark fantasy world and will be available for consoles and PC worldwide. The intellectual property will be co-owned by 505 Games parent company Digital Bros. and MercurySteam.

“We are thrilled to work with the team at MercurySteam, a proven studio that over the years has created numerous phenomenal IPs—including the recent hit release Metroid Dread in partnership with Nintendo,” said Digital Bros. Group co-CEOs Raffi and Rami Galante in a press release. “With MercurySteam’s creative vision and talent and 505 Games extensive experience, gamers can expect a high-quality, captivating and engaging video game.”

Further details were not announced.