The Metals Company

The ISA recommended TMC subsidiary NORI proceed with pilot nodule collection trials targeting about 3,600 tonnes in the CCZ.

TMC posted a $12.4 million Q2 2022 net loss and announced a $30.4 million private placement at $0.80 per share.

TMC raised $30.4 million in a PIPE financing at $0.80 a share, mostly from existing shareholders and insiders.

TMC scheduled its Q2 2022 results conference call and webcast for Monday, August 15, 2022, at 4:30 p.m. ET.

TMC contracted a CSIRO led consortium to build an environmental monitoring plan for its seabed nodule operations.

TMC laid out its June 2022 conference schedule, including PDAC, Battery Gigafactories USA and a NORI-D webinar.

TMC published its first Impact Report, outlining ESG strategy for its planned Clarion Clipperton Zone nodule collection.

TMC and Allseas complete deepwater commissioning of the riser and jumper hose that lift nodules to the surface.

TMC posted a $21.1 million Q1 2022 net loss with $69.0 million in cash, advancing its Allseas pilot mining and Epsilon Carbon plans.

TMC and Allseas tested their nodule collector vehicle at 2,470 meters depth in the Atlantic Ocean, its deepest test yet.