NEW YORK, Nov. 14, 2022 (GLOBE NEWSWIRE) -- 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, 2022. Financial Highlights Net loss of $27.9 million and loss per share of $0.12 for the quarter ended September 30, 2022. Total cash on hand... Read More

During the historic deepsea trials, engineers drove the pilot collector vehicle across over 80 kilometers of the seafloor, collecting approximately 4,500 tonnes of nodules and bringing over 3,000 tonnes up a 4.3-km riser system to the surface production vessel, Hidden Gem The Allseas-designed pilot nodule collection system — which will be scaled to include additional collector heads and a wider diameter riser pipe in... Read More

NEW YORK, Nov. 08, 2022 (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 Tuesday, November 15, 2022, to provide an update on third quarter financial results and recent corporate developments. Third Quarter 2022 Conference Call Details Date: Tuesday, November 15,... Read More

As NORI Project Director, Grant Lindner will oversee the delivery and scaling of the Company’s first polymetallic nodule project Lindner brings deep experience in delivering resource projects with BHP and Bechtel with an exceptional track record of building safe and capital-efficient greenfield and brownfield projects Chief Development Officer Anthony O’Sullivan has resigned as the Company’s Chief Development Officer (CDO)... Read More

During a 60-minute pilot collection run across ~150 meters of the seafloor, ~14 tonnes of nodules were collected by the pilot collector vehicle, transported to the surface using a 4.3-km riser system and placed into the hold of the surface production vessel Hidden Gem In the first such test in the Clarion Clipperton Zone (CCZ)... Read More

Following 16 offshore campaigns by NORI to define the nodule resource and establish an environmental baseline in exploration area NORI-D in the Clarion Clipperton Zone (CCZ), NORI’s environmental program enters a new phase— monitoring the environmental impacts of an integrated collector system test consisting of a pilot... Read More

Andrew C. ( Andy) Greig brings extensive leadership experience spearheading major international construction projects following a 35-year career at Bechtel Group and replaces outgoing Director Gina Stryker on the TMC Board TMC board member Sheila Khama will step onto the Company’s Audit Committee The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic... Read More

Today the International Union, United Automobile, Aerospace and Agricultural Implement Workers of America (UAW) and The Metals Company (TMC) announced that they have entered into a labor neutrality agreement to bolster the critical mineral supply chain and to lay the groundwork for sustainable production of electric car batteries while creating a path to more good union jobs in the United States. TMC will process and... Read More

The completion of the ISA’s review of the Collector Test Environmental Impact Statement (EIS) paves the way for TMC subsidiary, Nauru Ocean Resources Inc (NORI), to conduct its planned pilot collection system trials on its NORI-D exploration area in the Clarion Clipperton Zone of the Pacific Ocean beginning later this month. An integral part of the ISA’s regulatory and permitting process, the trials will be monitored by... Read More

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 second quarter ending June 30, 2022. Financial Highlights Net loss of $12.4 million and loss per share of $0.05 for the quarter ended June 30, 2022. Total cash on hand of approximately $46.3 million at June 30, 2022.... Read More

Private investment in public equity (PIPE) financing secured primarily through existing TMC shareholders and insiders The transaction includes an aggregate of $30.4 million in commitments to purchase common shares at US$0.80 per share 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 a committed PIPE... Read More

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 Monday, August 15, 2022, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2022 Conference Call Details Date: Monday, August 15, 2022 Time: 4:30 p.m. ET Audio-only dial-in:... Read More

Australia’s national science agency — The Commonwealth Scientific Industrial Research Organisation (CSIRO) — will lead a consortium of academic research institutes to formulate a science-based framework to assist TMC in the development of an environmental management and monitoring plan for proposed polymetallic nodule collection operations in the Clarion Clipperton Zone of the Pacific Ocean The consortium will draw upon... Read More

Following successful deep-water trials of the polymetallic nodule collector vehicle and riser system , as well as the release of its inaugural Impact Report , 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 virtual and in-person conferences being held by leading organizations in June 2022:... Read More

TMC’s first Impact Report outlines the Company’s mission to create a carefully managed metal commons by unlocking the planet’s largest undeveloped source of high-grade battery metals amid surging demand for these materials as the world seeks to address the climate crisis In the context of an accelerated transition to renewable energy and electric transport, TMC outlines the anticipated impacts and mitigation measures for its... Read More

The riser and flexible jumper hose were deployed from the Hidden Gem vessel and the jumper connected to the robotic nodule collector vehicle at depths of around 745 meters. This completes the acceptance test program for the vessel, nodule collector and riser system. Upcoming trials in TMC’s NORI-D contract area are expected to... Read More

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 first quarter ending March 31, 2022. Q1 2022 Financial Highlights Net loss of $21.1 million and loss per share of $0.09 for the quarter ended March 31, 2022. Total cash of approximately $69.0 million at March 31, 2022... Read More

Following earlier successful harbor wet-testing and shallow-water trials in the open sea, the Allseas-designed and constructed pilot nodule collector vehicle was deployed from the Hidden Gem and lowered to the seafloor at depths of 2,470 meters, marking the first time the vehicle has been subjected to ultra-deep-water... Read More

SINTEF, one of Europe’s largest independent research institutions, was retained by The Metals Company to analyze its manganese silicate used to produce silicomanganese for steelmaking and found that it behaves similarly to traditional manganese sources TMC’s high-grade nodule-derived manganese silicate (Mn silicate) appears to... Read More

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 Monday, May 9, 2022, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2022 Conference Call Details Date: Monday, May 9, 2022 Time: 4:30 p.m. ET Virtual webcast: Register Here... Read More

The Life Cycle Assessment (LCA) by Benchmark Mineral Intelligence will focus on assessing the potential life cycle environmental impacts of TMC’s planned metal production project from nodules collected from its NORI-D area expected to commence in 2024 The study will also provide an independent assessment of how the lifecycle environmental impacts of producing metals from the NORI-D Nodule Project compare to producing the... Read More

Following earlier harbor wet-testing, the Allseas-designed pilot nodule collector vehicle was deployed from the Hidden Gem and lowered to the seafloor in open sea conditions A range of critical drive functions were successfully tested, confirming the collector’s capability to manoeuvre forwards and backwards at various speeds... Read More

TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided financial results for the fourth quarter and full year ending December 31, 2021, and announced a corporate update. Q4 2021 and FY 2021 Financial Highlights Total cash... Read More

Allseas-designed pilot nodule collector vehicle was deployed from the Hidden Gem vessel and lowered to the seafloor All critical functions of the pilot collector vehicle were successfully tested ahead of full pilot nodule collection trials in the Clarion Clipperton Zone of the Pacific Ocean later this year Upcoming trials in TMC’s NORI-D contract area are expected to include deployment of a four-kilometer-long riser, an... Read More

The Metals Company’s subsidiary NORI and Allseas enter into a non-binding term sheet for the development and operation of commercial nodule collection system The pilot nodule collection system developed and currently being tested by Allseas expected to be upgraded to a commercial system with a targeted production capacity of 1.3 million tonnes of wet nodules per year and expected production readiness by Q4 2024 NORI and... Read More

India’s leading producer of graphite materials for lithium-ion battery anodes with ambitions to enter cathode material production, Epsilon Carbon intends to deliver a pre-feasibility report for a plant in India powered by renewables and with the targeted processing capacity of 1.3 million tonnes per annum of wet nodules... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), a explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, March 24, 2022, to provide an update on fourth quarter financial results. Fourth Quarter 2021 Conference Call Details Date: Thursday, March 24, 2022 Time: 04:30 p.m. Eastern Daylight Time Virtual webcast Register Here... Read More

Kathleen McAllister is a seasoned CEO, CFO and Board Director who has held diverse leadership roles in global, capital-intensive companies in the energy value chain, including at Black Hills Corp. (NYSE: BKH), Höegh LNG Partners LP (NYSE: HMLP) and Transocean Partners LLC (NYSE: RIGP) McAllister’s appointment – together with earlier appointments of Sheila Khama, Amelia Kinahoi Siamomua and Gina Stryker – brings 50-50 gender... Read More

The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the completion of its latest offshore research campaign, Environmental Expedition 5E, a targeted sampling campaign of both benthic and pelagic fauna with wider investigations... Read More

The Metals Company (Nasdaq: TMC) (the “Company” or “TMC”) today entered into an agreement with Kongsberg Digital, a leading provider of high-technology systems and solutions for the oil and gas, merchant marine, defense and aerospace industries. In advance of TMC’s initial nodule collector drive test in the Atlantic Ocean planned for early next year and followed by full pilot collection system trials in the Pacific Ocean... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided financial results for the third quarter ending September 30, 2021 and announced a corporate update. Q3 2021 Financial Highlights Raised gross proceeds of $137.6 million in cash prior to transaction fees Total cash and cash equivalents of approximately $112.6 million, at... Read More

The Metals Company , (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced the conclusion of its Environmental Expedition 5C, which focused on the biological communities, organic flux and food web structure from the ocean surface to the benthic... Read More

As leaders gather at COP26 to discuss large-scale efforts to combat climate change, many are realizing that the energy transition begins and ends with critical minerals for batteries and clean energy infrastructure. It is in this context that The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, has elected to participate at the following... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of battery metals for electric vehicles (“EVs”), today announced the completion of their event in Rotterdam, Netherlands, ‘Engineering the Future with Allseas,’ , co-hosted by the Company’s strategic... Read More

The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, will host a conference call on Thursday, November 11, 2021, to provide an update on third quarter financial results and recent corporate developments. A press release detailing these items will be released prior to the conference call. Third Quarter 2021 Conference Call Details Date:... Read More

The pilot hydrometallurgical refining campaign builds upon TMC’s recent successful pyrometallurgical processing campaign, where seafloor polymetallic nodules were used to produce an intermediate product (matte) rich in copper, nickel and cobalt TMC’s pilot refining campaign is expected to refine the matte into copper cathode and battery-grade nickel and cobalt sulfate crystals, completing the pilot-scale validation of its... Read More

The Metals Company (NASDAQ: TMC) (the “Company” or “TMC”), an explorer of the world’s largest estimated undeveloped source of battery metals for EVs, today reaffirmed its development and capital outlook and provided a business update. Development and Capital Outlook TMC today reaffirmed its development and capital plan through the third quarter of 2023, when it expects to submit its application to the International Seabed... Read More

The Metals Company (Nasdaq: TMC), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it derived an alloy comprised of high-grade battery metals from its pilot smelting campaign, conducted in partnership with Expert Process Solutions (XPS) with support from Hatch and Optimize... Read More

The Metals Company (Nasdaq: TMC) today announced that the 228-meter-long former drill ship renamed the Hidden Gem has arrived in Rotterdam, The Netherlands to begin its conversion into what is expected to be the first ship classified as a sub-sea mining vessel by the American Bureau of Shipping. TMC’s strategic partner Allseas... Read More