Welcome to our dedicated page for Tmc The Metals Company news (Ticker: TMC), a resource for investors and traders seeking the latest updates and insights on Tmc The Metals Company stock.
TMC The Metals Company Inc (TMC) provides essential updates on deep-sea mining developments and sustainable battery metal solutions. This hub aggregates official press releases, financial disclosures, and strategic partnership announcements related to the company's pioneering work in harvesting polymetallic nodules from the Clarion Clipperton Zone.
Investors and industry observers will find timely updates on operational milestones, environmental impact studies, and progress toward commercial-scale nodule collection. The curated news feed serves as a critical resource for tracking TMC's role in supplying metals for electric vehicles and renewable energy storage systems.
Key updates include quarterly financial results, technology partnerships, regulatory developments, and sustainability initiatives. All content undergoes strict verification to ensure accuracy and compliance with financial disclosure standards.
Bookmark this page for direct access to TMC's evolving narrative in deep-sea resource exploration. Regular updates provide stakeholders with the insights needed to monitor this innovative approach to sustainable mineral sourcing.
The Metals Company (Nasdaq: TMC) will host a conference call on May 9, 2022, at 4:30 p.m. ET to discuss its first quarter financial results and recent corporate developments. Interested participants can register for the virtual webcast here. The conference call will be available for replay until May 23, 2022. The company focuses on sourcing lower-impact battery metals from seafloor polymetallic nodules to support the clean energy transition, while minimizing environmental impact.
TMC the metals company Inc. (TMC) has partnered with Benchmark Mineral Intelligence to conduct a Life Cycle Assessment (LCA) of its NORI-D nodule project. This independent study will evaluate the environmental impacts of producing battery metals from seafloor nodules compared to conventional land ores. Key materials analyzed include nickel sulfate and cobalt sulfate. TMC's project aims to meet increasing metal demands for clean energy while minimizing negative environmental effects. The LCA is expected to be completed by mid-Summer 2022.
TMC the metals company Inc. (Nasdaq: TMC) has successfully completed its North Sea drive test program for a robotic polymetallic nodule collector vehicle designed by Allseas. The tests confirmed the collector's mobility and dynamic positioning in open sea conditions, covering a distance of 4,533 meters. Upcoming trials will involve a four-kilometer-long riser and flexible hoses for future offshore operations in TMC's NORI-D contract area. These advancements are crucial for the regulatory and permitting process with the International Seabed Authority.
TMC the metals company reported a net loss of $19.8 million for Q4 2021, translating to a loss per share of $0.09. The full-year net loss stood at $141.3 million or $0.69 per share, primarily due to high share-based compensations totaling $60.3 million, along with substantial offshore campaign costs. The company's cash reserves of $84.9 million are anticipated to last until Q3 2023. TMC is progressing on its NORI-D project and aims to submit an exploitation contract application to the International Seabed Authority by Q3 2023.
The Metals Company (TMC) announced the successful deployment and testing of its pilot robotic nodule collector vehicle in collaboration with Allseas. This milestone occurred during a wet-test commissioning at the Port of Rotterdam, confirming all critical functions of the vehicle. Full pilot nodule collection trials are anticipated in the Clarion Clipperton Zone later this year. The trials are essential for collecting environmental data for regulatory processes. TMC aims to develop a commercial collection system for polymetallic nodules, sourcing critical battery metals for clean energy technologies.
TMC, an explorer of critical battery metals, announced that its subsidiary NORI has signed a non-binding term sheet with Allseas for a commercial nodule collection system. This system aims for a production capacity of 1.3 million tonnes of wet nodules per year, with expected readiness by Q4 2024. The total development costs are projected to be under EUR 100 million, shared equally by both companies. Initial nodule collection fees are estimated at ~EUR 150 per tonne, potentially decreasing by over 20% as production scales. This project could significantly reduce capital requirements and expedite the transition to commercial production.
TMC, The Metals Company (Nasdaq: TMC), has signed a non-binding MoU with Epsilon Carbon to establish a deep-sea nodule processing plant in India. The targeted capacity is over 1 million tonnes per annum, producing intermediate products for lithium-ion batteries. Epsilon plans to deliver a pre-feasibility report by Q4 2024, contingent on necessary contracts and agreements. The partnership aims to leverage TMC's nodules and Epsilon's expertise to tap into India's growing demand for critical minerals.
The Metals Company (Nasdaq: TMC) will host a conference call on March 24, 2022, at 4:30 p.m. EDT to discuss its fourth quarter financial results. Investors can join via phone or a virtual webcast. The company is focused on exploring lower-impact battery metals from seafloor polymetallic nodules and aims to support the clean energy transition while minimizing environmental impacts. Notable upcoming events include participation in various virtual and in-person conferences throughout 2022, highlighting the importance of battery metal supply chains amidst global challenges.
The Metals Company (TMC) has received support from retired U.S. military leaders urging the Department of Defense to explore domestic sources of critical minerals, particularly polymetallic nodules from the Clarion-Clipperton Zone (CCZ). The letter emphasizes the urgency of securing mineral supplies for clean energy technologies. Internationally, France is investing over €300 million in deep-sea exploration for mineral independence, and India has allocated $600 million for its Deep Ocean Mission. TMC's Chairman noted China's dominance in nickel processing, highlighting the significance of domestic mineral resources.
The Metals Company (NASDAQ: TMC) has appointed Kathleen McAllister as an Independent Director, effective April 1, 2022. McAllister brings extensive experience from her leadership roles at various capital-intensive energy firms. With her addition, TMC achieves 50-50 gender parity on its board, joining a select group of companies. Gerard Barron, TMC's CEO, expressed enthusiasm for McAllister’s insights during a crucial development phase in their seafloor polymetallic nodule project, aimed at supplying critical base metals for the energy transition.
