Press Release

TMC hired Benchmark Mineral Intelligence in April 2022 to independently assess NORI-D's life cycle environmental impacts.

TMC and Allseas successfully drive tested their pilot nodule collector vehicle across 4,533 meters in the North Sea.

TMC posted a $141.3 million net loss for 2021 and said its $84.9 million cash funds operations into Q3 2023.

TMC and Allseas completed harbor wet test commissioning of their pilot robotic nodule collector vehicle in Rotterdam.

TMC's NORI and Allseas sign a non binding term sheet for a commercial nodule collection system.

TMC and India's Epsilon Carbon agreed to study a nodule processing plant able to handle 1.3 million tonnes of wet nodules a year.

TMC scheduled a March 24, 2022 call on fourth quarter 2021 results plus a full first half 2022 conference calendar.

TMC highlighted growing military and political support for nodule mining, including France's over 300 million euro pledge.

TMC named Kathleen McAllister as Audit Committee Chair, giving the board 50-50 gender parity as of February 2022.