TMC the metals company Inc., a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in the Clarion Clipperton Zone (CCZ) in the south-west of San Diego, California. The company primarily explores for nickel, cobalt, copper, and manganese products. TMC the metals company Inc., through its subsidiaries, holds exploration rights in three polymetallic nodule contract areas in the CCZ of the Pacific Ocean. Its products are used in electric vehicles (EV), renewable energy storage markets, EV wiring, clean energy transmission, manganese alloy production required for steel production, and other applications. The company was formerly known as Sustainable Opportunities Acquisition Corporation and changed its name to TMC the metals company Inc. TMC the metals company Inc. was incorporated in 2019 and is based in Vancouver, Canada.

TMC the metals company Inc.

The Metals Company was founded in 2021 through the merger of DeepGreen and the Sustainable Opportunities Acquisition Corporation, to scale nodule collecting and onshore processing systems.

We produce metals from polymetallic rocks to power electric vehicles. For over a decade, we’ve been exploring the planet’s largest known deposit of battery-grade metals: nodules on the seafloor of the Clarion Clipperton Zone in the Pacific Ocean. During this time, our onshore team has developed and successfully deployed a metallurgical system to derive key battery-grade metals from these remarkable rocks while generating zero solid processing waste.

Our team is made up of scientists, environmentalists, engineers, architects, and business leaders who see the climate crisis as the biggest challenge of our time. Electric vehicles and renewable energy are a key part of the solution, but scaling these technologies will require hundreds of millions of tons of new metals. Polymetallic nodules represent the cleanest source of battery grade metals on the planet and the best path forward. 


Allseas Group

Glencore

Maersk

Macquarie Capital

Fearnley Securities

The Metals Company

Allseas and TMC subsidiary NORI recently wrapped up the first integrated #nodule collection system trials in the CCZ since the 1970s, collecting roughly 4,500 tonnes of nodules and lifting over 3,000 tonnes up a 4.3km-long riser to the surface. The pilot system will next be upgraded to a production capacity of 1.3 million tonnes per annum ahead of our first commercial project, Project Zero. Learn more about the pilot system trials from Allseas engineers themselves in this short video. 

#deepsea #offshore #batterymetals #nickel #cobalt

Interesting new piece in Deceleration considering the potential implications for #nodule processing in Texas and which hears from independent scientists helping us gather the best data possible for our ESIA.

https://lnkd.in/gF257mgr #deepseamining #science #research #impactassessment #energytransition #criticalminerals

I'm looking forward to speaking about battery raw material demand drivers and solutions to supply chain challenges at #LIBA2024. If you'll be attending, feel free to reach out!

https://lnkd.in/ea5BXJN3

As low-cost Indonesian #nickel production continues to displace Western producers, a new paper quantifies the scale of local land-use change and finds that the resulting land footprint from mining rainforest nickel laterites is 20 times larger than prior estimates (42 ± 7 m2 per ton of nickel @ 1.7% ore grade).

The results are in line with an earlier Benchmark Mineral Intelligence study assessing the loss of carbon stocks and sequestration services from land use change (41 - 56 m2 per ton of nickel for 1.35% saprolite ore grade and 1.5% limonite ore grade, respectively). When added to the GWP of an earlier Benchmark LCA, the total carbon impact per kg of nickel rises by 7-49% for RKEF and HPAL processing routes respectively.

Read the study in the Journal of Extractive Industries and Society: https://lnkd.in/eg5R6mri

Read Benchmark’s carbon sinks report here: https://lnkd.in/g_P4N5x3

#energytransition #criticalminerals #supplychain #lifecycleassessment #carbonsinks 


Ahead of the Pentagon’s expected March delivery of a report assessing the opportunities for local #nodule processing, TMC CEO Gerard Barron outlines who can access this resource, how the U.S. can get involved, and why it should seek to own future refining capacity.

https://lnkd.in/ddsxPusk #deepseamining #supplychain #energytransition #nationalsecurity #nickel #cobalt #copper 

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
account payables	23.06K -	34.30K 48.73%
accumulated other comprehensive income loss		-1.22M -	-1.22M 0%	-1.22M 0%	-1.22M 0%
cash and cash equivalents		10.10M -	84.87M 740.66%	46.84M 44.81%	6.84M 85.39%
cash and short term investments		10.10M -	84.87M 740.66%	46.84M 44.81%	6.84M 85.39%
common stock	863 -	154.43M 17,894,569.76%	296.05M 91.70%	332.88M 12.44%	438.24M 31.65%
deferred revenue
deferred revenue non current
deferrred tax liabilities non current		10.68M -	10.68M 0%	10.68M 0%	10.68M 0%
goodwill
goodwill and intangible assets
intangible assets
inventory		-136.78K -
long term debt
long term investments		300.07M -
net debt		-10.10M -	-84.87M 740.66%	-46.84M 44.81%	-6.84M 85.39%
net receivables		56K -	3.69M 6,482.14%	2.76M 25.12%
other assets					56.33M -
other current assets	15.96K -	209.78K 1,214.35%
other current liabilities	80.60K -	7.72M 9,480.28%
other liabilities	-23.06K -
other non current assets	103.66K -	-300.07M 289,573.41%
other non current liabilities	23.06K -		3.13M -	983K 68.55%
othertotal stockholders equity	24.14K -	45.35M 187,773.39%	102.07M 125.09%	184.96M 81.20%	-426.11M 330.38%
preferred stock		550K -
property plant equipment net		44.46M -	44.57M 0.24%	45.17M 1.37%	5.72M 87.34%
retained earnings	-9.04K -	-162.86M 1,801,625.85%	-304.16M 86.76%	-475.12M 56.21%
short term debt
short term investments
tax assets
tax payables
total assets	119.62K -	54.69M 45,615.22%	133.13M 143.44%	94.78M 28.81%	68.90M 27.31%
total current assets	15.96K -	10.22M 63,962.40%	88.56M 766.10%	49.60M 43.99%	6.84M 86.21%
total current liabilities	103.66K -	7.76M 7,382.15%	26.57M 242.61%	41.61M 56.60%
total debt
total investments		300.07M -
total liabilities	103.66K -	18.43M 17,680.24%	40.37M 119.05%	53.27M 31.95%	10.68M 79.96%
total liabilities and stockholders equity	119.62K -	54.69M 45,615.22%	133.13M 143.44%	94.78M 28.81%	68.90M 27.31%
total non current assets	103.66K -	44.46M 42,790.22%	44.57M 0.24%	45.17M 1.37%	5.72M 87.34%
total non current liabilities	23.06K -	10.68M 46,192.28%	13.80M 29.28%	11.66M 15.53%	10.68M 8.43%
total stockholders equity	15.96K -	36.25M 227,041.16%	92.75M 155.84%	41.51M 55.25%	10.92M 73.69%

CO:METALS

The Metals Company

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