reports
The Metals Company Provides Third Quarter 2024 Corporate Update
The Metals Company Provides Third Quarter 2024 Corporate Update NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the third quarter ending September 30, 2024. Q3 2024 Financial Highlights Current liquidity available from our cash on hand and our credit facilities of approximately $63 million as of date of filingBorrowing capacity of our unsecured credit facilities increased by $10.5 millio...
The Metals Company Announces US$17.5 Million Registered Direct Offerin...
The Metals Company Announces US$17.5 Million Registered Direct Offering of Common Shares and Class B Warrants NEW YORK, Nov. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it has entered into a securities purchase agreement with certain new and existing institutional investors for the purchase of an aggregate of 17,500,000 common shares of the Company (the “Shares”), without par value (“Common Shares”), and accompanying Class B warrants (the...
TMC Announces June 27, 2025 Submission Date for Subsidiary NORI’s ISA ...
TMC Announces June 27, 2025 Submission Date for Subsidiary NORI’s ISA Application, and Expanded Company Strategy NEW YORK, Nov. 12, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update on the expected submission date of the application to the ISA for an exploitation contract, and an expanded company strategy. Update Highlights: Following discussions between TMC subsidiary Nauru Ocean Resources Inc (NORI) and its sponsoring state, the Re...
The Metals Company Announces Third Quarter 2024 Corporate Update Confe...
The Metals Company Announces Third Quarter 2024 Corporate Update Conference Call for Thursday, November 14, 2024 NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 14, 2024, to provide an update on third quarter financial results and recent corporate developments. Third Quarter 2024 Conference Call Details Date: Thursday, November 14, 2024 Time: 4:30 p.m. ET Audio-only Dial-in: V...
World First: TMC and PAMCO Achieve Breakthrough in Commercial-Scale Pr...
World First: TMC and PAMCO Achieve Breakthrough in Commercial-Scale Processing of Polymetallic Nodules, Successfully Producing Calcine TMC and PAMCO successfully produced calcine from a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.’s , at PAMCO’s Hachinohe Rotary Kiln Electric-Arc Furnace (RKEF) facility in JapanThe nodules were heated to remove moisture and initiate the mineral transition to metallic form, producing approximately 500 tonnes of calcine in preparation for smeltingIn the coming months, PAMCO intends to commence the next phase of the ...
The Metals Company Provides Second Quarter 2024 Corporate Update
The Metals Company Provides Second Quarter 2024 Corporate Update NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Current liquidity available from credit facilities of approximately $48.3 millionIncreased borrowing capacity of our unsecured credit facilities by $7.5 million in August 2024: ERAS/Bar...
The Metals Company Announces Second Quarter 2024 Corporate Update Conf...
The Metals Company Announces Second Quarter 2024 Corporate Update Conference Call for Wednesday, August 14, 2024 NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Wednesday, August 14, 2024, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2024 Conference Call Details Date:Wednesday, August 14, 2024 Time:4:30 p.m. ET Audio-only Dial-in: Virtu...
- Dmitry Silversteyn
The Dark Oxygen Hypothesis
A scientific paper published in Nature magazine earlier this week hypothesized that a phenomenon termed “dark oxygen” production may be occurring on the seafloor in the Clarion-Clipperton Zone (CCZ) of the Pacific Ocean whereby a slight voltage differential between different metals contained in the polymetallic nodules found in the area may drive an electrochemical dissolution of water (H20) into oxygen (O2) and hydrogen (H2), although no increase in hydrogen presence has been noted by the resea...
- Dmitry Silversteyn
All Trends Point to 2026 Production Timeline
We recently had an opportunity to speak with CEO Gerard Baron and CFO Craig Shesky about a range of topics, including the progress TMC is making in preparing its application submittal to the ISA, the company’s accomplishments and milestones, and the state of the deep-sea mining industry in general. This report contains a transcript of the conversation, which can be accessed on demand. Link is accessible in our full report. Moving the ball down the field. TMC, together with its partner SGS, has f...
TMC and SGS Produce World-First Cobalt Sulfate from Deep-Seafloor Poly...
TMC and SGS Produce World-First Cobalt Sulfate from Deep-Seafloor Polymetallic Nodules As part of TMC’s pilot-scale nodule processing, SGS and TMC produced the world's first cobalt sulfate from deep-seafloor polymetallic nodules, continuing to indicate TMC’s resource is suitable for battery and energy transition marketsThe cobalt sulfate was produced in a testing program conducted in collaboration with SGS applying TMC’s efficient flowsheet design that processes high-grade nickel-copper-cobalt matte directly to high-purity cobalt sulfate (without making cobalt metal) and produces fertilizer...
The Metals Company Welcomes Prominent Sustainability Strategist Brenda...
The Metals Company Welcomes Prominent Sustainability Strategist Brendan May to its Board of Directors Mr. May is chairman and founder of Robertsbridge, a leading global sustainability consultancy he formed in 2010. He has spent more than 25 years in the sustainability space, initially working on oceans sustainability as CEO of the Marine Stewardship Council (MSC) and more recently on deforestation as European Chairman of the Rainforest AllianceHe joins TMC’s Board to help the company transition into commercial production as global policymakers increasingly focus on the potential of deep-sea...
TMC Commends U.S. House of Representatives for Allocating Defense Fund...
TMC Commends U.S. House of Representatives for Allocating Defense Funding to Assess the Feasibility of Domestic Nodule Refining Capacity As reported by the , the House version of the fiscal year 2025 National Defense Authorization Act (NDAA) calls for $2 million allocated to the Defense Department’s Industrial Base Policy Office to study the feasibility of developing domestic capacity to refine polymetallic nodule-derived intermediates to high-purity nickel, copper and cobalt products. The legislation also proposes to examine existing supply chains for such intermediates.In addition, TMC's ...
- Dmitry Silversteyn
Forging Ahead with PFS and EIS
1Q24 continues to show progress toward application goal. TMC reported 1Q24 results and accomplishments, including higher exportation and evaluation expense of $18.1 million versus $7.2 million in 1Q23, due to $10.9 million in mining, technological, and process development costs associated with the latest sea campaign completed in February, and a modest increase in SG&A expenses ($6.8 million versus $6.2 million in the year-ago period). As a result, quarterly loss increased to $25.2 million from ...
TMC Announces First Quarter 2024 Results
TMC Announces First Quarter 2024 Results NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and first quarter financial results for the period ending March 31, 2024. Q1 2024 Financial Highlights $11.9 million cash used in operations for the quarter ended March 31, 2024Net loss of $25.2 million and net loss per share of $0.08 for the quarter ended March 31, 2024Total liquidity of approximately $49 million at March 31,...
TMC Subsidiary Submits Its Largest Deep-Sea Environmental Data Set Yet...
TMC Subsidiary Submits Its Largest Deep-Sea Environmental Data Set Yet to International Seabed Authority TMC's subsidiary, NORI, has submitted comprehensive data to the International Seabed Authority, detailing findings from environmental baseline campaigns from the NORI-D exploration area up to January 2022.The data encompasses 32,617 benthic and 42,036 pelagic biological occurrences, over 12,000 seafloor images, and extensive time-series data from three years of monitoring via oceanographic moorings.NORI’s latest submission is part of a broader dataset of hundreds of terabytes of data col...
The Metals Company Announces First Quarter 2024 Corporate Update Confe...
The Metals Company Announces First Quarter 2024 Corporate Update Conference Call for Monday, May 13, 2024 NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Monday, May 13, 2024, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2024 Conference Call Details Date: Monday, May 13, 2024 Time: 4:30 p.m. ET Audio-only Dial-in: Virtual webcast w...
TMC & SGS Produce World-First Nickel Sulfate from Deep-Seafloor Polyme...
TMC & SGS Produce World-First Nickel Sulfate from Deep-Seafloor Polymetallic Nodules As part of TMC’s pilot-scale nodule processing, SGS and TMC produced the world's first nickel sulfate from deep-seafloor polymetallic nodules, indicating TMC’s resource is suitable for battery marketsThe nickel sulfate was produced in a testing program conducted in collaboration with SGS and other industry leaders applying TMC’s efficient flowsheet design that processes high-grade nickel matte direct to nickel sulfate (without making nickel metal) and produces fertilizer products instead of solid waste or t...
- Dmitry Silversteyn
Water Tower Hour Recap: TMC and Deep-Sea Mining's Role in Electrifying...
Having gone public in 2021, TMC is a development-stage company working on commercializing a unique battery metals resource in the form of polymetallic nodules located on the seafloor in the abyssal region of the Clarion-Clipperton Zone of the Pacific Ocean in order to enable the global energy transition with the least possible negative impact on the planet and its inhabitants. Chief Financial Officer Craig Shesky and Head of Stakeholder Engagement Corey McLachlan joined us on the Water Tower Hou...
Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC’s Board...
Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC’s Board of Directors as Vice Chairman and Special Advisor to the CEO Mr. Jurvetson is a legendary investor focused on founder-led, mission-driven companies at the cutting edge of disruptive technology and new industry formation. His investments include pioneering technology companies like Tesla, Planet Labs, SpaceX and Commonwealth Fusion Systems, and represent over $800 billion in aggregate value creationHe joins TMC’s Board to help the company transition into commercial production as global policymakers increasingly focus on t...
- Alison Turner
The Metals Company - Growing up
The Metals Company (TMC) is approaching a critical phase in its development. As key milestones are achieved, so the project will be de-risked and the valuation expand. Of particular note are the anticipated award of an exploitation licence and physical nodule collection, which management expects to commence in Q126.
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