TMC USA Files First Consolidated Deep-Seabed Mining Application, Increasing Expected Commercial Recovery Permit Area to 65,000 km2 Application is the first consolidated exploration license and commercial recovery permit application submitted under NOAA’s new consolidated application and review process—which the Company expects will reduce permitting timelines for companies with completed exploration programs—in line with , ‘Unleashing America’s Critical Offshore Minerals and Resources’The consolidated application covers areas previously applied over in April 2025 and increases the commercia...
TMC Welcomes NOAA Rule Modernizing Deep-Seabed Mining Permits for U.S. Companies in the High Seas Final rule establishes a consolidated application and review process for exploration licenses and commercial recovery permits under the Deep Seabed Hard Mineral Resources Act (DSHMRA)Updated regulations reflect advances in environmental science, seafloor mapping, and offshore mineral-collection technologiesNew framework allows applicants to rely on exploration-phase environmental, geological, and engineering data in commercial recovery applications, reducing duplication and improving regulatory...
The Metals Company Announces Third Quarter 2025 Corporate Update NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world’s largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today provided a corporate update and third quarter results for the period ending September 30, 2025. Q3 2025 Financial Highlights Total cash of approximately $115.6 million at September 30, 2025$11.5 million cash used in operations for the quarter ended September 30, 2025Operatin...
The Metals Company Announces Third Quarter 2025 Corporate Update Conference Call for Thursday, November 13, 2025 NEW YORK, Nov. 06, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, today announced that it will host a conference call on Thursday, November 13, 2025, to provide an update on third quarter 2025 financial results and recent corporate developments. Third Quarter 2025 Conference C...
The Metals Company Announces Second Quarter 2025 Corporate Update NEW YORK, Aug. 14, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC”, the “Company” or “we”), a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, today provided a corporate update and second quarter results for the period ending June 30, 2025. Q2 2025 Financial Highlights Total cash of approximately $115.8 million at June 30, 2025 $10.6 million cash used in operations for the quarter ended June ...
The Metals Company Announces Second Quarter 2025 Corporate Update Conference Call for Thursday, August 14, 2025 NEW YORK, Aug. 07, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, today announced that it will host a conference call on Thursday, August 14, 2025, to provide an update on second quarter 2025 financial results and recent corporate developments. Second Quarter 2025 Conference C...
TMC Releases Two Economic Studies with Combined NPV of $23.6B and Declares World-First Nodule Reserves TMC published two technical economic assessments prepared in accordance with Subpart 1300 of Regulation S-K highlighting a total combined project value of $23.6 billion, showing potential economic viability of its NORI-D Project and significant scalability across other NORI and TOML areas World-first Pre-Feasibility Study (PFS) for a polymetallic nodule project in the NORI-D area with a Net Present Value (NPV) of $5.5 billion The PFS Technical Report Summary (TRS) marks a world-first decla...
TMC and Tonga Announce Updated Sponsorship Agreement for Tonga Offshore Mining Ltd (TOML) The Kingdom of Tonga and TMC’s subsidiary, Tonga Offshore Mining Ltd (TOML), signed a revised Sponsorship Agreement, updating the terms of their agreement signed in 2021The Government of the Kingdom of Tonga welcomes the new agreement which will ensure that Tongans will receive benefits from any future development of seafloor mineral resources by TOML or another TMC subsidiaryAs one of the first Developing States to apply for a marine mineral exploration contract, the Kingdom of Tonga has played a lead...
TMC Announces Appointment of Michael Hess and Alex Spiro to its Board of Directors Michael Hess, an experienced investor and operator in the energy sector, brings deep networks and expertise in financing and developing businesses focused on the U.S. energy supply chainAlex Spiro, a high-profile U.S. attorney and investor, joins with extensive regulatory, governance and capital markets experience across sectors including energy, technology, and miningAppointments strengthen TMC’s Board as the Company executes on its U.S. strategy and accelerates progress toward commercial recovery of polymet...
TMC Announces Strategic Investment from Korea Zinc — a World-Leader in Non-Ferrous Metal Refining and pCAM Technology — to Advance Development of Deep-Seabed Critical Minerals in the U.S. Korea Zinc Co., Ltd., (Korea Zinc) will make a strategic equity investment in TMC of $85.2 million in exchange for 19.6 million common shares at the last market closing price of $4.34 per shareInvestment includes a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share) with an exercise price of $7.00 per share, and a participation right to subscribe ...
TMC and Nauru Announce Updated Sponsorship Agreement for Nauru Ocean Resources Inc. (NORI) The Government of Nauru and TMC’s subsidiary, Nauru Ocean Resources Inc. (NORI), signed a revised Sponsorship Agreement updating the terms of their agreement signed in 2017The President of Nauru welcomes the new agreement which will ensure that Nauruans will receive benefits from any future development of seafloor mineral resources from NORIThe Republic of Nauru has played a leading role in the development of the seafloor minerals industry, advancing the rights of Developing States to ensure their par...
TMC Provides First Quarter 2025 Corporate Update NEW YORK, May 14, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), a leading explorer of the world’s largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today provided a corporate update and first quarter results for the period ending March 31, 2025. Q1 2025 Financial Highlights Total liquidity of approximately $43.8 million at March 31, 2025, including cash of $2.3 million ERAS/Barron facility increased from $38 million to $44 million...
TMC Announces $37 Million Strategic Investment to Advance Deep-Sea Mineral Development The financing is led by Michael Hess, Chief Investment Officer of Hess Capital, and Brian Paes-Braga, Managing Partner at SAF Group and Head of SAF GrowthIt comprises a Registered Direct Offering at $3.00 per share and warrants exercisable at $4.50 per share, with mandatory exercise if shares trade above $7.00 per share for 20 consecutive daysProceeds are expected to be sufficient to fund operations through the potential issuance of a commercial recovery permitThe investor group brings decades of experien...
The Metals Company Announces First Quarter 2025 Corporate Update Conference Call for Wednesday, May 14, 2025 NEW YORK, May 07, 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 energy, defense, manufacturing and infrastructure, today announced that it will host a conference call on Wednesday, May 14, 2025, to provide an update on first quarter 2025 financial results and recent corporate developments. First Quarter 2025 Conference Call Details Date:Wednesday, May 14...
TMC CEO Testifies Before Congress: Deep-Sea Minerals Key to U.S. Industrial Future CEO and Chairman Gerard Barron testified before the House Committee on Natural Resources on “Exploring the Potential of Deep-Sea Mining to Expand American Mineral Production”Mr. Barron highlighted the abundant, unattached polymetallic nodule resource as a platform to secure new supplies of critical minerals essential for U.S. infrastructure, defense, energy, and technology—and to drive reindustrialization across shipbuilding, port infrastructure, minerals processing, and manufacturingTMC USA that it submitte...
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