Item 2.02. Results of Operations and Financial Condition. On August 13, 2026, TMC the metals company Inc. (the “Company”) issued a press release announcing its results for the quarter ended June 30, 2026 and providing a business update. A copy of the press release is furnished as Exhibit 99.1 hereto. In addition, the Company will hold a conference call on August 13, 2026 at 4:30 p.m.…
Filed Aug 13, 2026Accepted Aug 13, 2026, 4:02 PM EDTCIK 1798562Accession 0001104659-26-095883
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.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02. Results of Operations and Financial Condition.
On August 13, 2026, TMC
the metals company Inc. (the “Company”) issued a press release announcing its results for the quarter ended June 30,
2026 and providing a business update. A copy of the press release is furnished as Exhibit 99.1 hereto. In addition, the Company will
hold a conference call on August 13, 2026 at 4:30 p.m. EDT to discuss these results and the business update.
The information in this Current
Report on Form 8-K (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section,
nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except
as expressly set forth by specific reference in such a filing.
Cautionary
Note Regarding Forward-Looking Statements. Except for historical information contained in the press release attached as an
exhibit hereto, the press release contains forward-looking statements which involve certain risks and uncertainties that could cause actual
results to differ materially from those expressed or implied by these statements. Please refer to the cautionary note in the press release
regarding these forward-looking statements.
Filed exhibits (1)
EX-99.1 (by filename) tm2623094d1_ex99-1.htm
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
liquidity available from our cash on hand and our credit facilities of approximately $143
million as of June 30, 2026
$20.1
million cash used in operations for the quarter ended June 30, 2026, which included
$9 million in withholdings related to equity awards collected at the end of March 2026
and remitted in early April 2026
Net
loss of $60.1 million and net loss per share of $0.14 for the quarter ended June 30,
2026
U.S. Government Funding Update
The
Company is actively engaged in funding processes with multiple U.S. agencies named in President
Trump's Executive Order 14285 regarding plans to build nodule processing and refining capacity
in the United States
Whi…