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.

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The Metals Company seeks to mine the seafloor for metals needed for EV batteries. The company has access to a robust resource with ample amounts of nickel, copper, cobalt, and manganese.

After Soaring Nearly 250% In 2023, Is The Metals Company Stock a Buy?

Shares of The Metals Compare have been racing higher recently. ThinkEquity assigned a $6 price target on Monday.

Why The Metal Company's Stock Is Heading Higher Today

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Several members of Parliament have written a letter to the prime minister, raising concerns about deep sea mining. The Metals Company aims to produce battery metals from mineral formations found on the seafloor.

Why The Metals Company Stock Is Plunging Today

(Kitco News) - Gerard Barron, chairman and CEO of The Metals Company, said six months of trials were a "success on all fronts." Barron spoke to Kitco Mining on Monday.

Can ocean floor mining scale? The Metals Company's Gerard Barron on Pacific Ocean trials

NEW YORK, July 03, 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 announced that data submitted by its subsidiary NORI to the International Seabed Authority's ‘DeepData' platform in March 2023 has now been made available to the public via UNESCO's Ocean Biodiversity Information System (OBIS), increasing the biodiversity occurrence records contained within the OBIS ISA node for the Clarion Clipperton Zone by about 150%.

Biodiversity Data from NORI-D Exploration Area Now Available on UNESCO's Ocean Biodiversity Information System, Increases Biodiversity Records for the Clarion-Clipperton Zone by About 150%

NEW YORK, June 30, 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 welcomed the inclusion of polymetallic nodules in a report requested by the House Armed Services Committee to the Assistant Secretary of Defense for Industrial Base Policy under the National Defense Authorization Act (“NDAA”).

US Congress Directs Pentagon to Assess Domestic Processing of Polymetallic Nodules under National Defense Authorization Act

TMC the metals company Inc. (NASDAQ:TMC ) Q1 2023 Earnings Conference Call May 11, 2023 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerry Barron - Chairman & Chief Executive Officer Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm McDonald - BAML Frank Jones - Norbury Partners Operator Good day and thank you for standing by. Welcome to The Metals Company First Quarter 2023 Corporate Update Conference Call.

TMC the metals company Inc. (TMC) Q1 2023 Earnings Call Transcript

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.

The Metals Company Announces First Quarter 2023 Corporate Update Conference Call for Thursday, May 11, 2023

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NEW YORK, March 28, 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 announced that its subsidiary NORI had begun the process of submitting data collected during 17 offshore resource definition and environmental baseline campaigns in the NORI-D exploration area to DeepData, an open database of contractor data managed by the International Seabed Authority (ISA).

The Metals Company Announces an Extensive Deep-sea Environmental Data Submission to the International Seabed Authority

TMC the metals company Inc. (NASDAQ:TMC ) Q4 2022 Earnings Conference Call March 23, 2023 4:30 PM ET Company Participants Gerard Barron - Chairman and Chief Executive Officer Craig Shesky - Chief Financial Officer Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm McDonald - Bank of America Operator Good afternoon, everyone and thank you for participating in The Metals Company Fourth Quarter and Full Year 2022 Corporate Update Conference Call. Joining us today are The Metals Company, Chairman and Chief Executive Officer; Gerard Barron; and Chief Financial Officer, Craig Shesky.

TMC the metals company Inc. (TMC) Q4 2022 Earnings Call Transcript

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.

The Metals Company Provides Q4 2022 and FY 2022 Corporate Update and Key Strategic and Financial Announcements

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.

The Metals Company Announces Fourth Quarter 2022 Corporate Update Conference Call for Thursday, March 23, 2023

Conference Call for Thursday, March 23, 2023 Conference Call for Thursday, March 23, 2023

The Metals Company Announces Fourth Quarter 2022 Corporate Update

NEW YORK, Feb. 21, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ: TMC) (“The Metals Company” or “TMC”) today announced a strategic partnership with Low Carbon Royalties Inc. (“Low Carbon Royalties” or “LCR”) to finance the development and production of low-carbon fuels and energy transition metals. TMC and LCR have agreed to a purchase and sale agreement (the “Agreement”) whereby LCR has acquired a 2.0% gross overriding royalty on any future revenue derived from TMC's NORI area in the Clarion Clipperton Zone of the Pacific Ocean (“NORI Royalty”). In consideration for the NORI Royalty, TMC received a 35.0% strategic equity interest in LCR and US$5,000,000 cash. TMC will retain the right to repurchase up to 75% of the NORI Royalty at an agreed capped return, exercisable in two transactions, between the second and the tenth anniversary of the Agreement. If both repurchase transactions are executed, LCR's remaining gross overriding royalty on the NORI project revenue will be 0.5%.

The Metals Company and Low Carbon Royalties Form Strategic Partnership

A broad international consortium has been established to develop the first handbook for Environmental, Social and Governance (ESG) disclosure in relation to marine minerals. The purpose of the guidance document is to enable evidence-based assessments of the ESG performance of marine mineral projects in the context of global standards A broad international consortium has been established to develop the first handbook for Environmental, Social and Governance (ESG) disclosure in relation to marine minerals. The purpose of the guidance document is to enable evidence-based assessments of the ESG performance of marine mineral projects in the context of global standards

Developing the first ESG handbook for marine minerals

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 seafloor polymetallic nodules, intends to participate at the following in-person conferences and summits being held by leading organizations in the first quarter of 2023:

The Metals Company Announces Conference and Event Schedule for Q1 2023

TMC the metals company Inc. (NASDAQ:TMC ) Q3 2022 Earnings Conference Call November 15, 2022 4:30 PM ET Company Participants Craig Shesky - CFO Gerard Baron - CEO Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm MacDonald - Bank of America Operator Good afternoon, everyone. And thank you for participating in The Metals Company Second [Third] (sic) Quarter 2022 Corporate Update Conference Call.

TMC the metals company Inc. (TMC) Q3 2022 Earnings Call Transcript

NEW YORK, Nov. 14, 2022 (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, 2022.

The Metals Company Provides Q3 Corporate Update

NEW YORK, Nov. 14, 2022 (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 announced that its subsidiary NORI and offshore partner Allseas have successfully concluded the first integrated system test in the Clarion Clipperton Zone of the Pacific Ocean since the 1970s, achieving all significant pilot milestones while collecting approximately 4,500 tonnes of seafloor polymetallic nodules. Over 3,000 tonnes were transported up a 4.3km-long riser system to the surface production vessel, Hidden Gem, while the additional 1,500 tonnes of nodules were purposely left behind on the seafloor as part of the trials.

NORI and Allseas Lift Over 3,000 Tonnes of Polymetallic Nodules to Surface from Planet's Largest Deposit of Battery Metals, as Leading Scientists and Marine Experts Continue Gathering Environmental Data

NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) --  The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it has appointed Grant Lindner as Project Director for NORI as the Company looks to bring online its first polymetallic nodule project (NORI-D Project) to supply critical battery metals for the clean energy transition. Grant will play a key role in advancing all areas of the NORI-D Project including the submission of the Environmental Impact Assessment and exploitation application to the International Seabed Authority, and the safe delivery of offshore and onshore development plans. The Company also announced that its CDO Anthony O'Sullivan resigned as of October 14, 2022 for personal and health reasons, though he will remain in the position through a twelve-month transition period.

The Metals Company Hires Bechtel Veteran Grant Lindner as Project Director to Advance its NORI-D Project, as CDO Anthony O'Sullivan Prepares to Step Down

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NEW YORK, Oct. 05, 2022 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that a multidisciplinary team of independent scientists from leading research institutions around the world and industry-leading contractors has commenced the next phase of an extensive environmental baseline and impact monitoring campaign in preparation for the Company's subsidiary NORI's ongoing pilot nodule collection system trials in the NORI-D area of the CCZ.

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