The Metals Company Archives

onAugust 14, 2023

The Metals Company Provides Second Quarter 2023 Corporate Update and Commentary on ~$27 Million Capital Raise at $2.00 Per Share with Potential Upsizing to $38 Million

TMC posted a $14.1 million Q2 2023 net loss and priced a roughly $27 million share offering at $2.00 per share.

onAugust 14, 2023

TMC raised about US$27 million in a registered direct offering priced at $2.00 per share plus Class A warrants.

onAugust 8, 2023

TMC scheduled an August 14, 2023 conference call to review second quarter financial results and recent developments.

onAugust 1, 2023

TMC now targets a post July 2024 ISA application and Q4 2025 production, needing $60 to 70 million more cash.

onJuly 31, 2023

Nine members of Congress urged Biden and the Pentagon to weigh polymetallic nodules for critical mineral security.

onJuly 24, 2023

ISA Council agreed a roadmap to finish the Mining Code by 2024, after missing its July 9, 2023 adoption deadline.

onJuly 3, 2023

TMC's NORI published biodiversity data that boosted Clarion Clipperton Zone records on UNESCO's OBIS by about 150%.

onJune 30, 2023

US Congress directs the Pentagon to study domestic processing of polymetallic nodules under the 2024 NDAA.

onMay 11, 2023

TMC's Q1 2023 update showed $28.4 million in cash plus new deals with Japan's PAMCO and Bechtel to advance its NORI-D seabed project.

onMay 2, 2023

TMC set a May 11, 2023 conference call to report first quarter 2023 financial results and recent corporate developments.