Metroid Dread developer MercurySteam working on third-person action-RPG "set in a dark fantasy world"

MercurySteam, the developer behind this year’s critically acclaimed Metroid Dread for Switch, has announced it’s working on a new third-person action-RPG “set in a dark fantasy world”.

Details on the new title, codenamed Project Iron, are limited, but it’s described as a brand-new IP intended for a multi-platform global release. Project Iron’s initial development investment is set at €27m (approximately £23m), and the IP will be co-owned by MercurySteam and Digital Bros, the parent company of 505 Games, which is co-publishing the game.

“With MercurySteam’s creative vision and talent and 505 Games extensive experience, gamers can expect a high-quality, captivating and engaging video game”, the two companies write in an official statement accompanying today’s announcement.

MercurySteam, founded in 2002, first made its mark with the release of 2010’s Castlevania: Lords of Shadow, and would go on to develop two more entries in Konami’s rebooted series. It later partnered with Nintendo on 2017’s Metroid: Samus Returns and revisited the franchise earlier this year for Switch’s enormously well-received Metroid Dread.