Tmc The Metals Company Inc Stock Price, News & Analysis

TMC has secured a $37 million strategic investment through a registered direct offering led by Michael Hess (Hess Capital) and Brian Paes-Braga (SAF Group). The offering includes 12.3 million common shares at $3.00 per share, with each share accompanied by a Class C warrant exercisable at $4.50 per share. The warrants have a three-year term with mandatory exercise if shares trade above $7.00 for 20 consecutive days.

The funding comes at a strategic time following President Trump's Executive Order to accelerate seabed mining and TMC's submission of the world's first commercial recovery application for nodules in international waters. The proceeds will fund operations through the potential issuance of a commercial recovery permit, advancing the company's position in deep-sea mineral development.

The Metals Company (Nasdaq: TMC) has scheduled its first quarter 2025 corporate update conference call for Wednesday, May 14, 2025, at 4:30 p.m. ET. The call will cover Q1 2025 financial results and recent corporate developments. The company, which explores seafloor polymetallic nodules for critical metals, focuses on supplying materials for energy, defense, manufacturing, and infrastructure sectors while maintaining lower environmental impact compared to conventional mining methods.

The conference will be accessible via audio dial-in and virtual webcast with slides. A replay of the webcast will be available approximately two hours after the event in the 'Investors' section of the company's website.

TMC USA has made history by submitting the first commercial recovery permit application for deep-sea minerals in the high seas under U.S. regulations. Following a recent Executive Order on offshore critical minerals, the company filed two exploration licenses and one commercial recovery permit with NOAA.

The commercial recovery permit covers 25,160 square kilometers in the Clarion Clipperton Zone, while two exploration licenses span 199,895 square kilometers. The areas contain an estimated 1,635 million wet tonnes of polymetallic nodules, with potential for 500 million additional tonnes. Key minerals include:

• 15.5 million tonnes of nickel
• 12.8 million tonnes of copper
• 2.0 million tonnes of cobalt
• 345 million tonnes of manganese

Located 1,300 nautical miles south of San Diego, this initiative aims to strengthen U.S. mineral independence. NOAA will review the exploration licenses within 30 days and the commercial permit within 60 days for compliance with regulations.

TMC (Nasdaq: TMC) welcomes a new Executive Order titled 'Unleashing America's Offshore Critical Minerals and Resources' that aims to expedite deep seabed mineral exploration in international waters. The order directs Commerce Secretary Lutnick to streamline permitting under the Deep Seabed Hard Mineral Resources Act (DSHMRA).

The order instructs Defense and Energy departments to evaluate using the National Defense Stockpile for nodule-derived minerals and potential offtake agreements. TMC's U.S. subsidiary plans to file license and permit applications under DSHMRA in Q2 2025 and is positioned to support an American industrial ecosystem for deep-seabed minerals.

The initiative is expected to mobilize significant private investment across U.S. shipbuilding, ports, mineral processing, and advanced manufacturing sectors. TMC has been evaluating U.S. locations for nodule processing since 2019 to reshore critical mineral processing.

TMC the metals company (Nasdaq: TMC) has appointed Rutger Bosland as Chief Innovation and Offshore Technology Officer (CIOTO) to lead their commercial deep-sea mining operations. Bosland, previously Deep-Sea Mining Manager at Allseas, brings nearly two decades of experience in offshore engineering and led the development of TMC's nodule collection system.

As CIOTO, Bosland will focus on optimizing the commercial-scale nodule collection system while ensuring minimal environmental impact. His previous achievements include leading an 80+ engineer team in developing the Hidden Gem - the world's first subsea mining vessel classed by the American Bureau of Shipping.

TMC's NORI and TOML projects are currently ranked as the planet's largest undeveloped nickel projects. In 2022, the company successfully collected over 3,000 tons of nodules from the seafloor. TMC has recently initiated the process with NOAA to apply for exploration licenses and commercial recovery permits under the Deep Seabed Hard Mineral Resources Act of 1980.

TMC (Nasdaq: TMC) reported its Q4 and full-year 2024 financial results, with a quarterly net loss of $16.1 million ($0.05 per share) and annual net loss of $81.9 million ($0.25 per share). The company's current liquidity stands at $43 million, with cash on hand of $3.5 million.

Key developments include:

• TMC USA initiated pre-application consultation with NOAA for seabed mining permits, expected submission in Q2 2025
• Successful processing milestone with PAMCO, converting 450 tonnes of calcine into 35 tonnes of Ni-Cu-Co alloy
• Credit facility with ERAS/Barron increased to $44 million and extended to June 2026
• Allseas working capital loan extended to September 2025
• Termination of Marawa Agreement in January 2025

Exploration and evaluation expenses decreased to $8.3 million in Q4 2024 from $26.7 million in Q4 2023, while general and administrative expenses increased to $8.0 million from $6.6 million year-over-year.

TMC the metals company (Nasdaq: TMC) has announced plans to apply for deep-sea mining exploration licenses and commercial recovery permits under the U.S. Deep Seabed Hard Mineral Resources Act (DSHMRA) of 1980. The company's subsidiary, TMC USA, will submit applications to NOAA in Q2 2025.

This strategic move comes after TMC invested over $500 million in understanding and developing nodule resources in the Clarion Clipperton Zone (CCZ). The company cites the International Seabed Authority's (ISA) failure to adopt Exploitation Regulations as a key reason for pursuing the U.S. regulatory path.

NOAA's regulatory framework, established in the 1980s, includes comprehensive environmental protection measures, with a Programmatic Environmental Impact Statement for the CCZ and requirements for site-specific environmental assessments. TMC USA has initiated pre-application consultations with NOAA, viewing the U.S. framework as offering a more predictable and enforceable path forward for deep-sea mineral resource development.