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.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

The Metals Co (TMC) reports strong Q3 performance and growth opportunities

The Metals Co (TMC) demonstrated strong performance and strategic focus on unlocking value and expanding into new services business for seafloor resource development.
While facing challenges in securing government funding and managing operational costs, TMC remains optimistic about growth opportunities and regulatory support.
With a commitment to meeting key milestones and timelines, TMC is well-positioned to capitalize on opportunities in the seafloor resource development sector.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

LOS ANGELES, CA / ACCESSWIRE / November 24, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

The Schall Law Firm Invites Stockholder Participation In A Fraud Case Against TMC the metals company Inc

NEW YORK, Nov. 24, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), of the important January 7, 2025 lead plaintiff deadline.

ROSEN, TRUSTED INVESTOR COUNSEL, Encourages TMC the metals company Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TMC

LOS ANGELES, CA / ACCESSWIRE / November 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

TMC the metals company Inc. Is Being Sued For Violating Securities Laws And Affected Investors Are Urged To Help The Schall Law Firm

Aspen Aerogels

Braskem

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.

Top 3 Materials Stocks That Could Blast Off In November

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), of the important January 7, 2025 lead plaintiff deadline.

ROSEN, A TOP RANKED LAW FIRM, Encourages TMC the metals company Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TMC

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming January 7, 2025 deadline to file a lead plaintiff motion in the case filed on behalf of investors who purchased TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024, inclusive (the “Class Period”). Investors suffering losses on their TMC investments are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rig.

Deadline Reminder: Law Offices of Howard G. Smith Reminds Investors of Looming Deadline in the Class Action Lawsuit Against TMC the metals company Inc. (TMC)

LOS ANGELES, CA / ACCESSWIRE / November 21, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

TMC the metals company Inc. Is Being Sued For Violating Securities Regulations And Investors With Losses Should Contact The Schall Law Firm

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024, inclusive (the “Class Period”). TMC investors have until January 7, 2025 to file a lead plaintiff motion. If you suffered a loss on your TMC investme.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces the Filing of a Securities Class Action on Behalf of TMC the metals company Inc. (TMC) Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024, inclusive (the “Class Period”). TMC investors have until January 7, 2025 to file a lead plaintiff motion. Investors suffering losses on their TMC investments are encouraged to contact the Law Offices of Howard G. Smith to discu.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of TMC the metals company Inc. (TMC) Investors

WASHINGTON, DC / ACCESSWIRE / November 19, 2024 / Investors who lost money on securities of TMC the metals company Inc. ("TMC" or the "Company") (Nasdaq:TMC) purchased between May 12, 2023 and March 25, 2024 can contact Cohen Milstein Sellers & Toll PLLC to learn about a new class action securities lawsuit. To learn about your legal options, click here to hear from member of the Cohen Milstein team or contact Partner Molly J.

Cohen Milstein Urges Shareholders Who Lost Significant Money In TMC The Metals Company Inc. to Contact Firm

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of TMC the metals company Inc. (TMC) Investors.

The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of TMC the metals company Inc. (TMC) Investors

NEW YORK, Nov. 18, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), of the important January 7, 2025 lead plaintiff deadline.

ROSEN, A TRUSTED AND LEADING FIRM, Encourages TMC the metals company Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action – TMC

LOS ANGELES, CA / ACCESSWIRE / November 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

The Schall Law Firm Wants Shareholders To Join A Securities Fraud Case Against TMC the metals company Inc

LOS ANGELES, CA / ACCESSWIRE / November 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

TMC the metals company Inc. Is Being Sued For Violating Securities Laws And Investors With Losses Are Encouraged To Contact The Schall Law Firm

LOS ANGELES, CA / ACCESSWIRE / November 16, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

The Schall Law Firm Invites Shareholder Contributions To A Securities Fraud Case Against TMC the metals company Inc

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your TMC investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities la.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of TMC the metals company Inc. (TMC) on Behalf of Investors

NEW YORK, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a securities class action lawsuit has been filed in the United States District Court for the Central District of California on behalf of all persons or entities who purchased or otherwise acquired TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) securities between May 12, 2023 and March 25, 2024, inclusive (the “Class Period”). The lawsuit seeks to recover damages for the Company's investors under the federal securities laws.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against TMC the metals company Inc. (TMC)

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of TMC the metals company Inc. (“TMC” or the “Company”) (NASDAQ: TMC) investors concerning the Company's possible violations of federal securities laws. On March 25, 2024, TMC disclosed that its financial statements for the first three quarters of 2023 should no longer be relied upon and would need to be restated, citing the Company's partnership with Low Carbon Royalties Inc. (“LCR”) and “whethe.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of TMC the metals company Inc. (TMC) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / November 15, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

TMC the metals company Inc. Is Being Sued For Violating Securities Regulations And Affected Investors Are Urged To Contact The Schall Law Firm

TMC the metals company Inc. (NASDAQ:TMC ) Q3 2024 Earnings Conference Call November 14, 2024 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerard Barron - Chairman & Chief Executive Officer Conference Call Participants Matthew O'Keefe - Cantor Fitzgerald Dmitry Silversteyn - Water Tower Research Jake Sekelsky - Alliance Global Partners Operator Good day and thank you for standing by. Welcome to The Metals Company Third Quarter 2024 Corporate Update Conference Call.

TMC the metals company Inc. (TMC) Q3 2024 Earnings Call Transcript

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.

The Metals Company Provides Third Quarter 2024 Corporate Update

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 (“Common Shares”), and accompanying Class B warrants (the “Class B Warrants” and collectively with the Shares and Class B Warrants, the “Securities”) to purchase up to an aggregate of 8,750,000 Common Shares in a registered direct offering. Each Common Share and the accompanying Class B Warrant to purchase 0.5 Common Shares are being sold at a price of US$1.00. The Class B Warrants will be exercisable commencing immediately upon issuance at a price of $2.00 per share, will expire five years from issuance, contain customary anti-dilution protections and the Company may also repurchase the Class B Warrants for $0.0001 per Common Share underlying the Class A Warrants if the volume weighted average per share price for the Common Shares for each trading day in a 30-consecutive trading day period exceeds $5.00.

The Metals Company Announces US$17.5 Million Registered Direct Offering of Common Shares and Class B Warrants

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz Announces Investigation of TMC the metals company Inc. (TMC) on Behalf of Investors.

The Law Offices of Frank R. Cruz Announces Investigation of TMC the metals company Inc. (TMC) on Behalf of Investors

LOS ANGELES, CA / ACCESSWIRE / November 14, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

The Schall Law Firm Invites Shareholders To Join A Case Against TMC the metals company Inc For Violating Securities Laws

LOS ANGELES, CA / ACCESSWIRE / November 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against TMC the metals company Inc. ("TMC" or "the Company") (NASDAQ:TMC) for violations of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. Investors who purchased the Company's securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before January 7, 2025.

News for The Metals Co Stock (TMC)