The Metals Co

TMC the metals co., Inc. is a deep-sea minerals exploration company, which engages in the collection, processing and refining of polymetallic nodules found on the seafloor in the Pacific Ocean. It produces metals from polymetallic rocks to power electric vehicles. The firm's products include nickel sulfate, cobalt sulfate, copper, and manganese. The company was founded in 2021 and is headquartered in Vancouver, Canada.

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The Metals Co achieves milestone in nodules collection, secures financing

The Metals Co (TMC) made significant progress in Q4 2022, achieving key milestones, securing financing, and advancing project applications. While facing financial challenges and cash requirements for production, TMC's strategic initiatives and partnerships highlight its commitment to sustainable growth. The company's focus on maximizing shareholder returns and exploring financing options underscore its long-term vision for success.

The Metals Co (TMC) reports strong Q1 earnings and navigates industry challenges

The Metals Co (TMC) reported strong financial performance for Q1 2023, driven by operational efficiencies and strategic partnerships, despite challenges in investor sentiment and regulatory uncertainties.
With a focus on responsible offshore operations, TMC is well-positioned to capitalize on the high demand for battery minerals and navigate opportunities for growth and collaboration.
Ongoing efforts to secure financing, address regulatory challenges, and enhance stakeholder engagement will be crucial for TMC's continued success in the evolving deep-sea mining industry.
Transparent communication, commitment to safety, and innovative approaches to resource extraction underscore TMC's resilience and potential for sustainable growth in the market.

The Metals Co reports Q2 loss, eyes strategic partnerships for growth

The Metals Co faces challenges in balancing costs, market dynamics, and geopolitical influences.
Strengths lie in resource quality, responsible practices, and progress with strategic partnerships.
Opportunities exist in industry support, potential agreements, and continued derisking efforts.
Financial performance impacted by expenses, recent capital raise, and focus on Project Zero's expansion.

The Metals Co reports Q3 loss, eyes positive cash flow

TMC's Q3 performance showed progress in regulatory advancements and reduced exploration expenses.
The company's unique nickel resource and support from investors are key strengths.
Challenges include limited disclosure on test campaign results and funding requirements.
Opportunities lie in the expected launch of exploitation contract application and sustainability initiatives.

The Metals Co reports Q4 loss, eyes strategic partnerships for growth

The Metals Co (TMC) faces challenges with costs and funding but maintains a strong liquidity position. Strategic partnerships, ongoing project milestones, and opportunities for growth through partnerships and funding are key focus areas for TMC.

The Metals Co reports Q1 loss but eyes growth in Asia and sustainable practices

The Metals Co faces financial challenges with a net loss in Q1 2024 but maintains strong liquidity and strategic achievements for future growth.
Strategic partnerships in Asia and a focus on sustainable practices position TMC well for market opportunities and environmental alignment.
Engagement with regulatory bodies and competition in deep-sea exploration present challenges that TMC needs to navigate for sustained success.
Opportunities in Asia, the U.S., and strategic partnerships offer avenues for TMC to enhance operations, influence industry standards, and contribute to national initiatives.

The Metals Co reports Q2 loss but sees growth opportunities

The Metals Co (TMC) faced financial challenges in Q2 2024 but highlighted improved liquidity and strategic developments.
CEO Gerard Barron emphasized the value of nodules for battery metals and the importance of diversifying supply chains.
TMC's focus on navigating regulatory changes and leveraging opportunities in the EV market positions it for future growth.

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TMC the metals co., Inc. is a deep-sea minerals exploration company focused on the collection and processing of polymetallic nodules found on the seafloor in international waters of the Clarion Clipperton Zone in the Pacific Ocean (CCZ). These nodules contain high grades of four metals (nickel, copper, cobalt, manganese) which can be used as (i) feedstock for battery cathode precursors (nickel, cobalt and manganese sulfates, or intermediate nickel-copper-cobalt matte) for electric vehicles (EV) and renewable energy storage markets, (ii) copper cathode for EV wiring, energy transmission and other applications and (iii) manganese silicate for manganese alloy production required for steel production. The company was founded in 2021 and is headquartered in Vancouver, Canada.

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.

The Metals Company Announces Third Quarter 2023 Corporate Update Conference Call for Thursday, November 9, 2023

NEW YORK, Oct. 31, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “The Metals Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today released its second annual Impact Report detailing the Company's past, present and expected future ESG impacts, while providing insight into the drivers of its efforts to collect nodules from the CCZ including the global scramble to meet an estimated six-fold increase in the production of metals required for the energy transition.

The Metals Company Releases Second Annual Impact Report

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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 already been received.

The Metals Company Provides Closing Update on its Registered Direct Offering at $2.00 Per Share Plus Class A Warrants

(Kitco News) - Despite the International Seabed Authority delaying the release of a mining code until mid-2024, The Metals Company is proceeding with commercial production, said Craig Shesky, chief financial officer of The Metals Company (NASDAQ:TMC).

Ocean miner aims for commercial production in Q4, 2025: The Metals Company Craig Shesky

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A commodity super-cycle is underway, presenting opportunities for investors in undervalued metals and mining stocks. The weakening dollar and rising inflation are driving up prices for commodities, leading to substantial gains in quality mining stocks. Speculative mining plays, such as TMC the metals company Inc. and Texas Mineral Resources Corp., offer higher risk but higher potential returns in the mining sector.

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If The Metals Company can accomplish its ambitions, it would be a massive winner. It's a very big "if.

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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.

The Metals Company Announces Investor Conference Schedule Through End of 2023

NEW YORK, Sept. 06, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it had entered into the next phase of its relationship with Kongsberg Digital, a Norwegian leading software company that unlocks the value of data for customers within the maritime, energy, renewables, and power grid industries, to further develop the Digital Twin of the deep-sea operating environment of NORI Area D.

TMC and Kongsberg Digital Announce Next Phase of Agreement to Bring AI and Hybrid Machine Learning to Future Deep-sea Nodule Collection Operations

TMC the metals company Inc. (NASDAQ:TMC ) Q2 2023 Results Earnings Conference Call August 15, 2023 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerard Barron - Chairman and Chief Executive Officer Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm McDonald - Bank of America Securities Frank Jones - Norbury Partners Operator Good day. And welcome to The Metals Company Second Quarter 2023 Corporate Update Conference Call.

TMC the metals company Inc. (TMC) Q2 2023 Earnings Call Transcript

The Metals Company published Q2 results and announced a direct stock offering this morning. Some of the company's biggest backers are purchasing shares at prices well above current market levels.

Why The Metals Company Stock Is Skyrocketing Today

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.

The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

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 warrants (the “Class A Warrants” and collectively with the Shares and Class A Warrants, the “Securities”) to purchase up to 6,730,770 Common Shares in a registered direct offering. Each Common Share and the accompanying Class A Warrant to purchase 0.5 Common Shares are being sold at a price of US$2.00. The Class A Warrants have an initial exercise price of US$3.00 per share, subject to certain adjustments therein, are exercisable immediately upon issuance and will expire on December 31, 2027.

The Metals Company Announces ~US$27 Million Registered Direct Offering at $2.00 Per Share Plus Class A Warrants

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.

The Metals Company Announces Second Quarter 2023 Corporate Update Conference Call for Monday, August 14, 2023

The Metals Company announced it will submit an application for mining the deep sea in international waters in 2024, but debate over regulations are ongoing.

The Metals Company announces a controversial timeline for deep sea mining that deepens the divide in an already bitter battle

The company expects to submit a deep-sea mining application in July 2024. Mining operations may start in Q4 2025.

Why The Metals Company Stock Is Plummeting Today

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 deliver final rules, regulations and procedures, also known as the Mining Code.

TMC Announces Corporate Update on Expected Timeline, Application Costs and Production Capacity Following Part II of the 28th Session of the International Seabed Authority

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(Kitco News) - On Friday the International Seabed Authority (ISA) ended its meeting with no deep-sea mining code agreed or adopted.

The Metals Company drops after deep-sea mining regulations are delayed

The ISA failed to complete a regulatory framework for deep sea mining at its meeting. The agency expects to continue working on the issue, completing it by 2025.

Why The Metals Company Stock Is Drowning Today

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 exploitation of seafloor resources, in a major step toward regulatory certainty.

The Metals Company Comments on ISA Council Decision and Intention to Deliver Final Rules, Regulations and Procedures for Exploitation

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