Company research
TMC the metals Co Inc.
CIK 1798562Updated Sep 24, 2026
Name history
Sustainable Opportunities Acquisition Corp. · through Sep 9, 2021
TMC price & chart
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NASDAQ:TMC on TradingView ↗About the company
The Metals Company is an explorer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at www.metals.co.
In the news
NOAA Publishes Notice of Intent in the Federal Register to Prepare an Environmental Impact Statement for TMC USA’s USA-B Exploration License Application ↗
Allseas deep-sea mining contract violates UN law, says Greenpeace-backed analysis ↗
U.S. Defense Manufacturers Face A Rare Earth Supply Squeeze - OilPrice.com Market Commentary ↗
Recent filings
25-NSE filing
Regulation FD Disclosure
Items 7.01, 9.01
Regulation FD Disclosure
Items 7.01, 9.01
10-Q filing
SCHEDULE 13G/A filing
Show 5 more recent filings
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 181,631,000Source | 62,998,000Source | 85,548,000Source | 94,777,000Source |
| Property, Plant and Equipment, NetUSD | 519,000Source | 771,000Source | 1,997,000Source | 2,025,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 2,125,000Source | 1,928,000Source | — | — |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 117,633,000Source | 3,480,000Source | 28,390,000Source | 46,842,000Source |
| Assets, CurrentUSD | 120,682,000Source | 5,331,000Source | 31,620,000Source | 49,602,000Source |
| Operating Lease, Right-of-Use AssetUSD | 1,907,000Source | 3,814,000Source | — | — |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 215,074,000Source | 80,116,000Source | 43,747,000Source | 53,272,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 681,343,000Source | 477,217,000Source | 345,090,000Source | 332,882,000Source |
| Additional Paid in CapitalUSD | 237,696,000Source | 138,303,000Source | 186,796,000Source | 184,960,000Source |
| Retained Earnings (Accumulated Deficit)USD | -951,279,000Source | -631,435,000Source | -488,869,000Source | -475,121,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,203,000Source | -1,203,000Source | -1,216,000Source | -1,216,000Source |
| Stockholders' Equity Attributable to ParentUSD | -33,443,000Source | -17,118,000Source | 41,801,000Source | 41,505,000Source |
| Liabilities and EquityUSD | 181,631,000Source | 62,998,000Source | 85,548,000Source | 94,777,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 59,399,000Source | 54,529,000Source | 17,544,000Source | 41,614,000Source |
| Accounts Payable, CurrentUSD | 2,277,000Source | 6,198,000Source | — | — |
| Deferred Income Tax Liabilities, NetUSD | 10,675,000Source | 10,675,000Source | 10,675,000Source | 10,675,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 43,771,000Source | 36,556,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -73,781,000Source | -170,964,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 96,672,000Source | 25,313,000Source | 12,360,000Source | 18,394,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -42,851,000Source | -43,468,000Source | -59,573,000Source | -66,637,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 447,000Source | -515,000Source | -578,000Source | -1,169,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 245,000Source | 515,000Source | — | — |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | — | — | — | 70,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 156,585,000Source | 40,686,000Source | 20,066,000Source | 29,722,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 117,633,000Source | 3,480,000Source | 6,842,000Source | 46,842,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | -28,000Source | -65,000Source | 51,000Source | 53,000Source |
| Additional Financial Items | ||||
| AmortizationUSD | 252,000Source | 362,000Source | 360,000Source | 418,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 287,000Source | -226,000Source | — | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,665,000Source | 1,186,000Source | -310,000Source | -24,000Source |
| Foreign Currency Transaction Gain (Loss), UnrealizedUSD | -3,483,000Source | 1,222,000Source | 51,000Source | 53,000Source |
| General and Administrative ExpenseUSD | 99,772,000Source | 30,644,000Source | 22,540,000Source | 29,518,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -226,000Source | -571,000Source | — |
| Income Tax Expense (Benefit)USD | 144,000Source | 48,000Source | 41,000Source | 77,000Source |
| Net Income (Loss) Attributable to ParentUSD | -319,844,000Source | -81,943,000Source | -73,781,000Source | -170,964,000Source |
| Operating Lease, ExpenseUSD | 1,907,000Source | 1,907,000Source | 795,000Source | 132,000Source |
| Proceeds from Issuance of Common StockUSD | 14,784,000Source | 4,866,000Source | 30,000Source | 30,399,000Source |
| Proceeds from Stock Options ExercisedUSD | 3,013,000Source | 463,000Source | 77,000Source | 76,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Operating Income (Loss)USD | -140,054,000Source | -81,287,000Source | -72,389,000Source | -174,117,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -319,700,000Source | -81,895,000Source | -73,740,000Source | -170,887,000Source |
| Income Tax Expense (Benefit)USD | 144,000Source | 48,000Source | 41,000Source | 77,000Source |
| Net Income (Loss) Attributable to ParentUSD | -319,844,000Source | -81,943,000Source | -73,781,000Source | -170,964,000Source |
| Earnings Per Share, BasicUSD per share | 0.83Source | 0.25Source | 0.26Source | 0.71Source |
| Earnings Per Share, DilutedUSD per share | 0.83Source | 0.25Source | 0.26Source | 0.71Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 384,512,470Source | 321,875,050Source | 288,643,700Source | 239,867,019Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 384,512,470Source | 321,875,050Source | 288,643,700Source | 239,867,019Source |
| Additional Financial Items | ||||
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,665,000Source | 1,186,000Source | -310,000Source | -24,000Source |
| General and Administrative ExpenseUSD | 99,772,000Source | 30,644,000Source | 22,540,000Source | 29,518,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | -226,000Source | -571,000Source | — |
| Interest Expense, DebtUSD | — | 416,000Source | — | — |
| Interest Income (Expense), NetUSD | 2,793,000Source | 176,000Source | 1,297,000Source | 1,111,000Source |
| Operating Lease, ExpenseUSD | 1,907,000Source | 1,907,000Source | 795,000Source | 132,000Source |
Filing attachments
tm2623094d2_ex99-1.htm · 8-K · 2026-08-19
EX-99.1 2 tm2623094d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NOAA Publishes TMC USA’s Consolidated Application for an Exploration License and Commercial Recovery Permit for TMC USA-A in the Federal Register Publication provides public notice of TMC USA’s consolidated exploration and commercial recovery application for TMC USA-A Submitted earlier this year, the consolidated application covers areas previously applied for in April 2025 and increases the proposed commercial recovery are…
Read attachment ↗tm2623371d1_ex99-1.htm · 8-K · 2026-08-17
EX-99.1 2 tm2623371d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NOAA Publishes Notice of Intent in the Federal Register to Prepare an Environmental Impact Statement for TMC USA’s USA B Exploration License Application The publication of a Notice of Intent (“NOI”) to prepare an Environmental Impact Statement (“EIS”) represents a key milestone in the transparent regulatory approval process for TMC USA’s USA-B exploration license application The USA-B application area covers ~122,000 km2 of…
Read attachment ↗tm2623094d1_ex99-1.htm · 8-K · 2026-08-13
EX-99.1 2 tm2623094d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TMC Provides Second Quarter 2026 Corporate Update NEW YORK, August 13, 2026 - TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), a leading developer of the world’s largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today provided a corporate update and second quarter financial results for the period ended June 30, 2026. Q2 2026 Financial Highlights Current liq…
Read attachment ↗tm2615882d1_ex99-1.htm · 8-K · 2026-05-28
EX-99.1 2 tm2615882d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NOAA Certifies TMC USA’s USA B Exploration License Application Certification represents a key milestone in the regulatory approval process for TMC USA’s exploration license application The Company’s USA B application area covers ~122,000 km2 of seafloor containing an estimated 1.02 billion tonnes of polymetallic nodules with high grades of nickel, cobalt, copper and manganese, and several rare earth elements NOAA will n…
Read attachment ↗tm2614595d1_ex99-1.htm · 8-K · 2026-05-14
EX-99.1 2 tm2614595d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 TMC Provides First Quarter 2026 Corporate Update NEW YORK, May 14, 2026 - TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), a leading developer of the world’s largest resource of critical metals essential to energy, defense, manufacturing and infrastructure, today provided a corporate update and first quarter financial results for the period ending March 31, 2026. Q1 2026 Financial Highlights Current liquidity…
Read attachment ↗tm2613309d1_ex99-1.htm · 8-K · 2026-05-01
EX-99.1 2 tm2613309d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 NOAA Determines TMC USA’s Consolidated Deep-Seabed Mining Application is in Full Compliance Full compliance represents a key milestone in the regulatory approval process for TMC USA’s consolidated exploration and commercial recovery application TMC USA’s consolidated application submitted earlier this year covers areas previously applied for in April 2025 and increases the commercial recovery area from ~25,000 to ~65,0…
Read attachment ↗