reports
World First: TMC USA Submits Application for Commercial Recovery of De...
World First: TMC USA Submits Application for Commercial Recovery of Deep-Sea Minerals in the High Seas Under U.S. Seabed Mining Code Following last week’s , ‘Unleashing America’s Offshore Critical Minerals and Resources’, TMC USA has submitted applications to the National Oceanic and Atmospheric Administration (NOAA) for two exploration licenses and one commercial recovery permit under the Deep Seabed Hard Mineral Resources Act (DSHMRA)The commercial recovery permit application advances TMC’s timeline ahead of its original June 27 application target, further strengthening the Company’s lead...
TMC Welcomes U.S. Executive Order to Expedite Permitting and Evaluate ...
TMC Welcomes U.S. Executive Order to Expedite Permitting and Evaluate Offtake of Critical Minerals from Nodules in the High Seas Entitled ‘Unleashing America’s Offshore Critical Minerals and Resources’, the Executive Order directs Commerce Secretary Lutnick to expedite deep seabed mineral exploration licenses and commercial recovery permits in international waters under the existing U.S. seabed mining codeThe Order also directs the Secretaries of Defense and Energy to address the feasibility of using the National Defense Stockpile for nodule-derived minerals and of entering into offtake agr...
Rutger Bosland, Pioneering Engineer and Technical Lead on Development ...
Rutger Bosland, Pioneering Engineer and Technical Lead on Development of TMC’s Nodule Collection System, Joins Company to Drive Commercial Readiness Rutger Bosland, the engineer and technical lead who oversaw the design, build and successful test deployment of Allseas’ integrated nodule collection system, joins TMC to lead offshore innovation and scale its technologies for commercial productionAs Chief Innovation and Offshore Technology Officer (CIOTO), Rutger will focus on the Company’s efforts to optimize the performance of our commercial scale nodule collection system to meet our product...
TMC Announces Fourth Quarter and Full Year 2024 Results
TMC Announces Fourth Quarter and Full Year 2024 Results NEW YORK, March 27, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of the world’s largest undeveloped resource of critical metals for building infrastructure, power generation, transmission, and batteries, today provided a corporate update and fourth quarter and full year financial results for the period ended December 31, 2024. Q4 and FY 2024 Financial Highlights Current liquidity available from our cash on hand and our credit facilities of approximately $43 million as of d...
The Metals Company to Apply for Permits under Existing U.S. Mining Cod...
The Metals Company to Apply for Permits under Existing U.S. Mining Code for Deep-Sea Minerals in the High Seas in Second Quarter of 2025 Following successful mining tests by U.S. consortia and pioneering environmental impact assessment by the National Oceanic and Atmospheric Administration (NOAA) in the Clarion Clipperton Zone (CCZ) in the 1970s, the United States Congress passed the Deep Seabed Hard Mineral Resources Act (DSHMRA) in 1980 to enable exploration and commercial recovery of deep-sea minerals in the high seasDSHMRA, along with its implementing regulations completed by NOAA in 19...
The Metals Company Announces Fourth Quarter and Full Year 2024 Corpora...
The Metals Company Announces Fourth Quarter and Full Year 2024 Corporate Update Conference Call for Thursday, March 27, 2025 NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest undeveloped resource of critical metals for building infrastructure, power generation, transmission, and batteries, today announced that it will host a conference call on Thursday, March 27, 2025, to provide an update on fourth quarter and full year 2024 financial results and recent corporate developments. Fourth...
World First: TMC and PAMCO Achieve a New Nodule Processing Milestone, ...
World First: TMC and PAMCO Achieve a New Nodule Processing Milestone, Unlocking Critical Energy & Steelmaking Materials at Existing Facilities TMC and PAMCO have successfully demonstrated the production flowsheet for its initial commercial production using a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.’s , at PAMCO’s commercial operating facility in Hachinohe, JapanFollowing the commercial-scale in September 2024, PAMCO engineers fed calcine material into the company’s 3,000 kVA DC electric-arc furnace where it was smelted into high-grade nickel-...
TMC Applauds U.S. Congressional Mandate for 2025 Defense Department Fe...
TMC Applauds U.S. Congressional Mandate for 2025 Defense Department Feasibility Study on Nodule Refining The FY25 National Defense Authorization Act (NDAA) mandates a Defense Department feasibility study on refining polymetallic nodule-derived intermediates to high-purity nickel, copper, and cobalt productsThe study, to be led by the Industrial Base Policy Office, will evaluate options to bolster domestic critical mineral supply chainsSeparately, TMC’s U.S. subsidiary has applied for a $9 million Defense Production Act Title III grant to advance feasibility work on a domestic refinery for n...
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 ...
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