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.

Nikola

SurgePays

Penny stocks in the technology and biotech sectors have seen limited price movement in 2023 due to rate hikes and funding issues. However, with cooling inflation and potential interest rate cuts, these penny stocks could offer significant upside potential.

3 Penny Stocks With Tremendous Upside in the Next 12 Months

(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

Fisker Inc

Lion Electric

Fisker plans to deliver electric SUVs to customers in India for the first time in Q4. Lion Electric has secured $142 million in funding through several transactions.

Why Shares of Fisker and Lion Electric Are Soaring but The Metals Company Is Plunging

Blade Air Mobility

Dragonfly Energy Holdings Corp

Canoo

Organogenesis Holdings

Rigel Pharmaceuticals

Rockwell Medical

Interested in discovering the top penny stocks to invest in? You're certainly not the only one.

7 Cheap Penny Stocks to Buy According To Analysts, Targets Up To 1,090%

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

Want to know how to find the best penny stocks to buy now? Of course you do and you're not alone.

4 Cheap Penny Stocks to Buy According To Analysts, Targets Up To 230%

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

Canopy Growth

Mind Medicine MindMed

The search for top penny stocks to buy in April, or in any month, is certainly an intriguing one. There are thousands of small and micro-cap stocks to choose from.

3 High-Growth Penny Stocks to Consider Buying in April 2023

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.

News for The Metals Co Stock (TMC)