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 chain Alex Spiro, a high-profile U.S. attorney and investor, joins with extensive regulatory, governance and capital markets experience across sectors including energy, technology, and mining Appointments strengthen TMC’s Board as the Company... Read More

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 share Investment 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 for future... Read More

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 2017 The President of Nauru welcomes the new agreement which will ensure that Nauruans will receive benefits from any future development of seafloor mineral resources from NORI The Republic of Nauru has played a leading role in the development of the seafloor... Read More

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... Read More

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 Growth It 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 days Proceeds are expected to be sufficient to fund operations through the potential... Read More

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... Read More

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... Read More

Following last week’s Executive Order , ‘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... Read More

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 code The Order also directs the Secretaries of... Read More

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 production As Chief Innovation and Offshore Technology Officer (CIOTO), Rutger will focus... Read More

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... Read More

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 seas DSHMRA, along with its implementing... Read More

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... Read More

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 2022 test mining , at PAMCO’s commercial operating facility in Hachinohe, Japan Following the commercial-scale production... Read More

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 products The study, to be led by the Industrial Base Policy Office, will evaluate options to bolster domestic critical mineral supply chains Separately, TMC’s U.S. subsidiary has applied for a $9 million Defense Production Act Title... Read More

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... Read More

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... Read More

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... Read More

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,... Read More

TMC and PAMCO successfully produced calcine from a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.’s 2022 test mining , at PAMCO’s Hachinohe Rotary Kiln Electric-Arc Furnace (RKEF) facility in Japan The nodules were heated to remove moisture and initiate the mineral transition to... Read More

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 million Increased borrowing... Read More

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,... Read More

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 markets The cobalt sulfate was produced in a testing program conducted in collaboration with SGS... Read More

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 Alliance He joins TMC’s Board to help the company transition into commercial production as... Read More

As reported by the Wall Street Journal , 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... Read More

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, 2024 Net loss of $25.2 million... Read More

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... Read More

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:... Read More

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 markets The nickel sulfate was produced in a testing program conducted in collaboration with SGS and other industry leaders applying... Read More

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 creation He joins TMC’s Board to help the company transition into commercial production as... Read More

NEW YORK, March 25, 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 fourth quarter and full year financial results for the period ending December 31, 2023. Q4 2023 and FY 2023 Financial Highlights $15.2 million cash used in operations for the quarter ended December... Read More

NEW YORK, March 18, 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, March 25, 2024, to provide an update on fourth quarter and full year financial results, and recent corporate developments. Fourth Quarter and Full Year 2023 Conference Call Details... Read More

An influential group of former U.S. government officials and military officers — including former Secretary of State Hillary Clinton and former Secretary of Defense Leon Panetta — urged Senators to ratify the Law of the Sea Treaty (UNCLOS), so “The United States can take its seat on the Council of the International Seabed Authority”, and “resume its leading role in oceans matters.” As commercial mining regulations near... Read More

The Responsible Use of Seafloor Resources Act (RUSRA) calls for U.S. support for ‘responsible polymetallic nodule collection’ and the use of federal funding to establish domestic infrastructure to refine nodules into critical minerals for the energy transition and national defense. The legislation comes as American and allied... Read More

Under the National Defense Authorization Act (FY24) now signed into law by President Biden, the House Armed Services Committee directs the Assistant Secretary of Defense for Industrial Base Policy to submit a report assessing the domestic processing of seafloor polymetallic nodules by March 1, 2024. Last month, thirty-one Members of Congress wrote a letter to the Secretary of Defense and the Pentagon urging the Department of... Read More

Researchers with Nauru Ocean Resources Inc. (NORI) successfully gathered further environmental data on ecosystem recovery and functioning as part of its Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations. Despite illegal disruptions from... Read More

Nauru Ocean Resources Inc. (NORI) has begun sharing emerging data on impacts of seafloor sediment plumes one year on from its 2022 test mining campaign. Building upon earlier laboratory predictions and in-field verifications, NORI now has multiple lines of evidence that indicate that the seafloor plume forms a gravity-driven... Read More

In a letter to Secretary of Defense Lloyd Austin III and the Pentagon, thirty-one Members of Congress urged the Department of Defense to “explore every avenue to strengthen our rare earth and critical mineral supply chains”, emphasizing “the importance of evaluating and planning for seabed mining as a new vector of competition...”. In June, the House Armed Services Committee directed the Assistant Secretary of Defense for... Read More

The District Court of Amsterdam has ordered Greenpeace International to immediately disembark from the research vessel commissioned by TMC subsidiary Nauru Ocean Resources Inc (NORI) to conduct legally-mandated environmental impact assessments requested by the Legal and Technical Commission of the International Seabed... Read More

Commissioned by TMC, Benchmark Mineral Intelligence assessed the impact of mining on terrestrial carbon sinks in top nickel and cobalt producing regions In 2022, 75% of the world’s cobalt production came from the Democratic Republic of the Congo (DRC) and 50% of the world’s nickel production came from Indonesia. Both DRC and Indonesia are megadiverse countries and conservation hotspots The carbon model developed by Benchmark... Read More

Led by Senator Lisa Murkowski (R-AK), a bipartisan coalition re-introduced a resolution calling on the U.S. Senate to ratify the UN Convention on the Law of the Sea (UNCLOS), which details the rights and responsibilities of countries regarding the world’s oceans, including “the management of marine natural resources.” At the close of part III of the International Seabed Authority’s 28 th session this month, twelve Members of... Read More

Following successful completion of the pre-feasibility exercise, TMC and PAMCO have entered into a binding memorandum of understanding (MOU) where PAMCO will complete a feasibility study to process 1.3 million tonnes of wet polymetallic nodules (PMN) per year to produce lithium-ion battery and steel making feedstocks as part of the NORI-D Project Zero development This MoU is a key element of TMC’s stated capital-light... Read More

NEW YORK, Nov. 09, 2023 (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, 2023. Q3 2023 Financial Highlights Net loss of $12.5 million and net loss per share of $0.04 for the quarter ended September 30, 2023... Read More

The upcoming offshore campaign is the latest in The Metals Company subsidiary NORI’s Environmental and Social Impact Assessment (ESIA) to characterise the potential impacts of proposed polymetallic nodule collection operations. Scientists from several leading marine research institutions will undertake an array of studies on... Read More

NEW YORK, Nov. 02, 2023 (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 9, 2023, to provide an update on third quarter financial results and recent corporate developments. Third Quarter 2023 Conference Call Details Date: Thursday, November 9,... Read More

TMC’s second annual Impact Report outlines the Company’s vision to create a carefully managed, reusable metal commons, starting with unlocking the planet’s largest undeveloped source of battery metals, as the world seeks to address the climate crisis The Company outlines its impacts to date as well as the anticipated impacts... Read More

NEW YORK, Oct. 19, 2023 (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 an update to its previously announced registered direct offering (the “Registered Offering”), which is expected to result in aggregate gross proceeds to the Company of approximately $24.9 million, the majority of which has... Read More

NEW YORK, Sept. 08, 2023 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, intends to participate at the following in-person conferences being held by leading organizations and financial institutions during the third and fourth quarters of 2023. Recent company updates On August 14, TMC announced a Registered Direct... Read More

The renewed agreement will see the parties further develop their Digital Twin which will integrate multiple data streams from TMC’s future production system and will enable 3D visualization of its deep-sea operating environment, providing ‘eyes and ears’ to the regulator and stakeholders In 2022, TMC took delivery of a prototype of the Digital Twin which was deployed during successful test mining conducted by its subsidiary... Read More

NEW YORK, Aug. 14, 2023 (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, 2023. Q2 2023 Financial Highlights Net loss of $14.1 million and per share amount of $0.05 for the quarter ended June 30, 2023 Total cash of... Read More

NEW YORK, Aug. 14, 2023 (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 investors for the purchase of 13,461,540 common shares of the Company (the “Shares”), without par value (“Common Shares”), and accompanying Class A... Read More

NEW YORK, Aug. 08, 2023 (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, August 14, 2023, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2023 Conference Call Details Date: Monday, August 14, 2023... Read More

NEW YORK, Aug. 01, 2023 (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 expected development timeline, production capacity and application costs for its NORI-D Nodule Project following the recent International Seabed Authority (ISA) Council decisions on a roadmap to... Read More

In a letter to President Biden and the Pentagon, nine members of Congress urged the Administration to “keep all options on the table, including deep-sea opportunities, in assessing polymetallic nodules as a viable resource to secure critical minerals and close national security vulnerabilities.” In June, the House Armed Services Committee directed the Assistant Secretary of Defense for Industrial Base Policy “to assess... Read More

NEW YORK, July 24, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today applauded the International Seabed Authority (ISA) Council’s consensus decision agreeing a roadmap towards adopting final rules, regulations, and procedures (RRPs, also known as the Mining Code) to allow for the... Read More

Following the publication of biodiversity data collected from the NORI-D exploration area on UNESCO’s Ocean Biodiversity Information System (OBIS) on 22 June 2023, The Metals Company’s subsidiary NORI becomes the single largest contributor of biological occurrence data to the OBIS ISA-node, increasing biodiversity records... Read More

The report [see p.59] noted that “to counter China’s growing hold on the global supply chain, it is essential that the United States secures its own innovative supply of critical and strategic minerals and materials, including polymetallic nodules, to decrease reliance on sources from foreign adversaries.” The House Armed Services Committee directed the Assistant Secretary of Defense for Industrial Base Policy “to assess... Read More

NEW YORK, May 11, 2023 (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 first quarter ending March 31, 2023. Q1 2023 Financial Highlights Net income and per share amount of $nil for the quarter ended March 31, 2023, after recording a gain on... Read More

NEW YORK, May 02, 2023 (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, May 11, 2023, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2023 Conference Call Details Date: Thursday, May 11, 2023 Time:... Read More

TMC’s subsidiary NORI submits data collected during two benthic baseline campaigns on the NORI-D area, adding more than 270,000 benthic biological occurrences to the International Seabed Authority’s ‘DeepData’ catalogue of contractor exploration data. This submission is part of a broader dataset of hundreds of terabytes of... Read More

NEW YORK, March 23, 2023 (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 fourth quarter ending December 31, 2022. Q4 2022 and FY 2022 Financial Highlights Net loss of $109.6 million and loss per share of $0.41 for the quarter ended December 31,... Read More

Reviewed by an independent third-party expert, the ISO-standard-compliant Life Cycle Assessment (LCA) completed by Benchmark Mineral Intelligence compared the production of key energy transition metals (nickel, cobalt and copper) from the NORI-D Nodule Project to key land-based production routes for the same metals The LCA... Read More

TMC and PAMCO have entered into a non-binding memorandum of understanding where PAMCO will evaluate the feasibility of processing of 1.3 million tonnes of wet polymetallic nodules (PMN) per year from 2025 onwards to produce lithium-ion battery and steel making feedstocks as part of TMC’s NORI-D Project Zero development This... Read More

NEW YORK, March 15, 2023 (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, March 23, 2023, to provide an update on fourth quarter financial results and recent corporate developments. Fourth Quarter 2022 Conference Call Details Date: Thursday, March 23,... Read More

NEW YORK, March 15, 2023 (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, March 23, 2023, to provide an update on fourth quarter financial results and recent corporate developments. Fourth Quarter 2022 Conference Call Details Date: Thursday, March 23,... Read More

Bechtel will collect and compile the techno-economic studies undertaken by NORI’s partners and contractors required to support its exploitation contract application to the International Seabed Authority Data generated by NORI and its partners during the nodule collection system test and monitoring campaign completed in the NORI-D area in December 2022 will form the basis of the techno-economic studies and environmental and... Read More

Low Carbon Royalties provides critical funding to low-carbon emitting energy production and technologies, transition metals and minerals required for energy storage and electrification, and the evolving environmental markets. Low Carbon Royalties is led by Brian Paes-Braga, Managing Partner of SAF Growth, the equity investment arm of SAF Group, one of Canada’s largest alternative asset managers, and the Founder and CEO of... Read More

NEW YORK, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Following the successful conclusion of the first integrated nodule collection system trials in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s and of the environmental impact monitoring campaign conducted by its subsidiary, Nauru Ocean Resources Inc (NORI)., The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from... Read More

NEW YORK, Nov. 14, 2022 (GLOBE NEWSWIRE) -- 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, 2022. Financial Highlights Net loss of $27.9 million and loss per share of $0.12 for the quarter ended September 30, 2022. Total cash on hand... Read More

During the historic deepsea trials, engineers drove the pilot collector vehicle across over 80 kilometers of the seafloor, collecting approximately 4,500 tonnes of nodules and bringing over 3,000 tonnes up a 4.3-km riser system to the surface production vessel, Hidden Gem The Allseas-designed pilot nodule collection system —... Read More

NEW YORK, Nov. 08, 2022 (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 Tuesday, November 15, 2022, to provide an update on third quarter financial results and recent corporate developments. Third Quarter 2022 Conference Call Details Date: Tuesday, November 15,... Read More

As NORI Project Director, Grant Lindner will oversee the delivery and scaling of the Company’s first polymetallic nodule project Lindner brings deep experience in delivering resource projects with BHP and Bechtel with an exceptional track record of building safe and capital-efficient greenfield and brownfield projects Chief Development Officer Anthony O’Sullivan has resigned as the Company’s Chief Development Officer (CDO)... Read More

During a 60-minute pilot collection run across ~150 meters of the seafloor, ~14 tonnes of nodules were collected by the pilot collector vehicle, transported to the surface using a 4.3-km riser system and placed into the hold of the surface production vessel Hidden Gem In the first such test in the Clarion Clipperton Zone (CCZ)... Read More

Following 16 offshore campaigns by NORI to define the nodule resource and establish an environmental baseline in exploration area NORI-D in the Clarion Clipperton Zone (CCZ), NORI’s environmental program enters a new phase— monitoring the environmental impacts of an integrated collector system test consisting of a pilot... Read More

Andrew C. ( Andy) Greig brings extensive leadership experience spearheading major international construction projects following a 35-year career at Bechtel Group and replaces outgoing Director Gina Stryker on the TMC Board TMC board member Sheila Khama will step onto the Company’s Audit Committee The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic... Read More

Today the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and The Metals Company (TMC) announced that they have entered into a labor neutrality agreement to bolster the critical mineral supply chain and to lay the groundwork for sustainable production of electric car batteries while creating a path to more good union jobs in the United States. TMC will process and... Read More

The completion of the ISA’s review of the Collector Test Environmental Impact Statement (EIS) paves the way for TMC subsidiary, Nauru Ocean Resources Inc (NORI), to conduct its planned pilot collection system trials on its NORI-D exploration area in the Clarion Clipperton Zone of the Pacific Ocean beginning later this month. An integral part of the ISA’s regulatory and permitting process, the trials will be monitored by... Read More

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, 2022. Financial Highlights Net loss of $12.4 million and loss per share of $0.05 for the quarter ended June 30, 2022. Total cash on hand of approximately $46.3 million at June 30, 2022.... Read More

Private investment in public equity (PIPE) financing secured primarily through existing TMC shareholders and insiders The transaction includes an aggregate of $30.4 million in commitments to purchase common shares at US$0.80 per share TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today announced a committed PIPE... Read More

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, August 15, 2022, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2022 Conference Call Details Date: Monday, August 15, 2022 Time: 4:30 p.m. ET Audio-only dial-in:... Read More

Australia’s national science agency — The Commonwealth Scientific Industrial Research Organisation (CSIRO) — will lead a consortium of academic research institutes to formulate a science-based framework to assist TMC in the development of an environmental management and monitoring plan for proposed polymetallic nodule collection operations in the Clarion Clipperton Zone of the Pacific Ocean The consortium will draw upon... Read More

Following successful deep-water trials of the polymetallic nodule collector vehicle and riser system , as well as the release of its inaugural Impact Report , The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, intends to participate at the following virtual and in-person conferences being held by leading organizations in June 2022:... Read More

TMC’s first Impact Report outlines the Company’s mission to create a carefully managed metal commons by unlocking the planet’s largest undeveloped source of high-grade battery metals amid surging demand for these materials as the world seeks to address the climate crisis In the context of an accelerated transition to renewable energy and electric transport, TMC outlines the anticipated impacts and mitigation measures for its... Read More

The riser and flexible jumper hose were deployed from the Hidden Gem vessel and the jumper connected to the robotic nodule collector vehicle at depths of around 745 meters. This completes the acceptance test program for the vessel, nodule collector and riser system. Upcoming trials in TMC’s NORI-D contract area are expected to... Read More

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 first quarter ending March 31, 2022. Q1 2022 Financial Highlights Net loss of $21.1 million and loss per share of $0.09 for the quarter ended March 31, 2022. Total cash of approximately $69.0 million at March 31, 2022... Read More

Following earlier successful harbor wet-testing and shallow-water trials in the open sea, the Allseas-designed and constructed pilot nodule collector vehicle was deployed from the Hidden Gem and lowered to the seafloor at depths of 2,470 meters, marking the first time the vehicle has been subjected to ultra-deep-water... Read More

SINTEF, one of Europe’s largest independent research institutions, was retained by The Metals Company to analyze its manganese silicate used to produce silicomanganese for steelmaking and found that it behaves similarly to traditional manganese sources TMC’s high-grade nodule-derived manganese silicate (Mn silicate) appears to... Read More

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 9, 2022, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2022 Conference Call Details Date: Monday, May 9, 2022 Time: 4:30 p.m. ET Virtual webcast: Register Here... Read More

The Life Cycle Assessment (LCA) by Benchmark Mineral Intelligence will focus on assessing the potential life cycle environmental impacts of TMC’s planned metal production project from nodules collected from its NORI-D area expected to commence in 2024 The study will also provide an independent assessment of how the lifecycle environmental impacts of producing metals from the NORI-D Nodule Project compare to producing the... Read More

Following earlier harbor wet-testing, the Allseas-designed pilot nodule collector vehicle was deployed from the Hidden Gem and lowered to the seafloor in open sea conditions A range of critical drive functions were successfully tested, confirming the collector’s capability to manoeuvre forwards and backwards at various speeds... Read More

TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided financial results for the fourth quarter and full year ending December 31, 2021, and announced a corporate update. Q4 2021 and FY 2021 Financial Highlights Total cash... Read More

Allseas-designed pilot nodule collector vehicle was deployed from the Hidden Gem vessel and lowered to the seafloor All critical functions of the pilot collector vehicle were successfully tested ahead of full pilot nodule collection trials in the Clarion Clipperton Zone of the Pacific Ocean later this year Upcoming trials in TMC’s NORI-D contract area are expected to include deployment of a four-kilometer-long riser, an... Read More

The Metals Company’s subsidiary NORI and Allseas enter into a non-binding term sheet for the development and operation of commercial nodule collection system The pilot nodule collection system developed and currently being tested by Allseas expected to be upgraded to a commercial system with a targeted production capacity of 1.3 million tonnes of wet nodules per year and expected production readiness by Q4 2024 NORI and... Read More

India’s leading producer of graphite materials for lithium-ion battery anodes with ambitions to enter cathode material production, Epsilon Carbon intends to deliver a pre-feasibility report for a plant in India powered by renewables and with the targeted processing capacity of 1.3 million tonnes per annum of wet nodules... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), a explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, March 24, 2022, to provide an update on fourth quarter financial results. Fourth Quarter 2021 Conference Call Details Date: Thursday, March 24, 2022 Time: 04:30 p.m. Eastern Daylight Time Virtual webcast Register Here... Read More

Kathleen McAllister is a seasoned CEO, CFO and Board Director who has held diverse leadership roles in global, capital-intensive companies in the energy value chain, including at Black Hills Corp. (NYSE: BKH), Höegh LNG Partners LP (NYSE: HMLP) and Transocean Partners LLC (NYSE: RIGP) McAllister’s appointment – together with earlier appointments of Sheila Khama, Amelia Kinahoi Siamomua and Gina Stryker – brings 50-50 gender... Read More

The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the completion of its latest offshore research campaign, Environmental Expedition 5E, a targeted sampling campaign of both benthic and pelagic fauna with wider investigations... Read More

The Metals Company (Nasdaq: TMC) (the “Company” or “TMC”) today entered into an agreement with Kongsberg Digital, a leading provider of high-technology systems and solutions for the oil and gas, merchant marine, defense and aerospace industries. In advance of TMC’s initial nodule collector drive test in the Atlantic Ocean planned for early next year and followed by full pilot collection system trials in the Pacific Ocean... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided financial results for the third quarter ending September 30, 2021 and announced a corporate update. Q3 2021 Financial Highlights Raised gross proceeds of $137.6 million in cash prior to transaction fees Total cash and cash equivalents of approximately $112.6 million, at... Read More

The Metals Company , (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its Environmental Expedition 5C, which focused on the biological communities, organic flux and food web structure from the ocean surface to the benthic... Read More

As leaders gather at COP26 to discuss large-scale efforts to combat climate change, many are realizing that the energy transition begins and ends with critical minerals for batteries and clean energy infrastructure. It is in this context that The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, has elected to participate at the following... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of battery metals for electric vehicles (“EVs”), today announced the completion of their event in Rotterdam, Netherlands, ‘Engineering the Future with Allseas,’ , co-hosted by the Company’s strategic... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, will host a conference call on Thursday, November 11, 2021, to provide an update on third quarter financial results and recent corporate developments. A press release detailing these items will be released prior to the conference call. Third Quarter 2021 Conference Call Details Date:... Read More

The pilot hydrometallurgical refining campaign builds upon TMC’s recent successful pyrometallurgical processing campaign, where seafloor polymetallic nodules were used to produce an intermediate product (matte) rich in copper, nickel and cobalt TMC’s pilot refining campaign is expected to refine the matte into copper cathode and battery-grade nickel and cobalt sulfate crystals, completing the pilot-scale validation of its... Read More

The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of the world’s largest estimated undeveloped source of battery metals for EVs, today reaffirmed its development and capital outlook and provided a business update. Development and Capital Outlook TMC today reaffirmed its development and capital plan through the third quarter of 2023, when it expects to submit its application to the International Seabed... Read More

The Metals Company (Nasdaq: TMC), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it derived an alloy comprised of high-grade battery metals from its pilot smelting campaign, conducted in partnership with Expert Process Solutions (XPS) with support from Hatch and Optimize... Read More

The Metals Company (Nasdaq: TMC) today announced that the 228-meter-long former drill ship renamed the Hidden Gem has arrived in Rotterdam, The Netherlands to begin its conversion into what is expected to be the first ship classified as a sub-sea mining vessel by the American Bureau of Shipping. TMC’s strategic partner Allseas... Read More