TMC the metals company Inc. - $TMC STOCK NEWS

TMC the metals company (Nasdaq: TMC) reported its Q1 2024 financial results, highlighting significant developments. The company used $11.9 million in operations and reported a net loss of $25.2 million, or $0.08 per share. TMC's total liquidity stands at approximately $49 million, including cash and credit facilities. Operational highlights included the world's first production of nickel sulfate from deep-seafloor polymetallic nodules and extensive environmental data submissions to the International Seabed Authority. Notable appointments included Silicon Valley investor Steve Jurvetson joining as Vice Chairman. TMC's geopolitical engagements involve discussions with the Pentagon and Congress about nodule processing and refining in the U.S.

TMC's subsidiary, NORI, submitted a vast environmental dataset to the International Seabed Authority, detailing findings from numerous campaigns conducted over a decade. The dataset includes extensive benthic and pelagic biological occurrences, seafloor images, and time-series data. This submission is part of a broader dataset in the Clarion Clipperton Zone, forming the basis of an Environmental Impact Assessment for an exploitation contract application.

The Metals Company (Nasdaq: TMC) will host a conference call on Monday, May 13, 2024, to discuss first quarter financial results and recent corporate developments. The call will include an audio-only dial-in option and a virtual webcast with slides.

TMC and SGS have successfully produced the world's first nickel sulfate from deep-seafloor polymetallic nodules, showcasing TMC's potential in the battery market. The collaboration with industry leaders has led to the development of an efficient flowsheet design that processes high-grade nickel matte directly to nickel sulfate, offering an environmentally friendly alternative to traditional nickel sources. TMC's exploration rights to large nickel deposits could reduce reliance on rainforest-sourced nickel laterites, benefiting ecosystems and local communities.

TMC, the metals company Inc., appoints Steve Jurvetson as Vice Chairman and Special Advisor to the CEO. Jurvetson, a renowned investor, brings extensive experience in technology investments and successful IPOs. His role will help TMC transition into commercial production of battery metals from seafloor nodules.

TMC the metals company Inc. provides a corporate update and financial results for Q4 2023 and FY 2023. The company reported a net loss of $33.5 million for Q4 and $73.8 million for FY 2023, with total cash on hand of $6.8 million at December 31, 2023. Operational highlights include the expected timeline to first production in 2026 and key research campaigns evaluating seafloor ecosystem recovery. TMC also shared findings on environmental impacts, produced nickel sulfate from nodules, and signed an MoU with PAMCO. Industry updates include developments at the International Seabed Authority and U.S. Congress initiatives. Financially, TMC reported decreased exploration and evaluation expenses in 2023 compared to 2022, with a net loss improvement year over year.

The Metals Company (TMC) to host a conference call to discuss Q4 and full-year financial results and corporate updates. The call will take place on March 25, 2024, at 4:30 p.m. ET. Investors can register for the audio-only dial-in or virtual webcast with slides.

Former U.S. government officials and military officers, including Hillary Clinton and Leon Panetta, urge Senate to ratify UNCLOS for U.S. to join International Seabed Authority. TMC, an explorer of critical battery metals, supports the call amid concerns of China and Russia exploiting seabed resources.

The Responsible Use of Seafloor Resources Act (RUSRA) aims to support the collection of polymetallic nodules for critical minerals, endorsed by TMC the metals company Inc. The bill addresses the need for U.S. competitiveness in clean energy technologies and national defense while reducing over-dependence on adversarial nations.