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
revenue
cost of revenue		562K -	149.59M 26,517.26%	174.12M 16.40%	360K 99.79%
gross profit		-562K -	-149.59M 26,517.26%	-174.12M 16.40%	-360K 99.79%
selling and marketing expenses	7.24K -				49.49M -
general and administrative expenses	1.80K -	7.72M 428,335.75%	56.58M 632.66%	29.52M 47.83%	22.54M 23.64%
selling general and administrative expenses	9.04K -	7.72M 85,340.87%	56.58M 632.66%	29.52M 47.83%	72.03M 144.02%
research and development expenses
other expenses		48.88M -	93.01M 90.27%	144.60M 55.47%
cost and expenses	9.04K -	56.60M 626,119.71%	149.59M 164.27%	174.12M 16.40%	72.39M 58.43%
operating expenses	9.04K -	56.60M 626,119.71%	149.59M 164.27%	174.12M 16.40%	72.03M 58.63%
interest expense			1.00M -	1.11K 99.89%
ebitda	-9.04K -	-55.96M 618,937.61%	-158.43M 183.11%	-175.82M 10.98%	-72.03M 59.03%
operating income	-9.04K -	-56.60M 626,050.44%	-149.59M 164.27%	-174.12M 16.40%	-72.39M 58.43%
depreciation and amortization	339.44 -	643K 189,329.09%	-8.84M 1,474.81%	-1.70M 80.76%	360K 121.16%
total other income expenses net	1 -	-27K 2,700,100%	8.29M 30,803.70%	3.23M 61.04%	-1.35M 141.83%
income before tax	-9.04K -	-56.63M 626,418.42%	-141.30M 149.51%	-170.89M 20.94%	-73.74M 56.85%
income tax expense	-339.44 -	27K 8,054.25%	-8.29M 30,803.70%	77K 100.93%	41K 46.75%
net income	-9.04K -	-56.66M 626,717.13%	-133.01M 134.76%	-170.96M 28.54%	-73.78M 56.84%
weighted average shs out	131.31K -	178.57M 135,893.90%	204.93M 14.76%	239.87M 17.05%	288.64M 20.33%
weighted average shs out dil	131.31K -	178.57M 135,893.90%	204.93M 14.76%	239.87M 17.05%	288.64M 20.33%
eps	-0.07 -	-0.32 365.12%	-0.65 103.13%	-0.71 9.23%	-0.26 63.38%
epsdiluted	-0.07 -	-0.32 365.12%	-0.65 103.13%	-0.71 9.23%	-0.26 63.38%

NASDAQ:TMC

The Metals Company

Last Close

1.38

20/05 16:46

Market Cap

407.47M

Beta: 0.70

Volume Today

526.38K

Avg: 1.01M

PE Ratio

−3.49

PFCF: −6.31