Welcome to our dedicated page for Tmc The Metals Company news (Ticker: TMC), a resource for investors and traders seeking the latest updates and insights on Tmc The Metals Company stock.
TMC the metals company Inc. (Nasdaq: TMC) generates frequent news as it advances deep-sea polymetallic nodule projects and related regulatory, technical and financing milestones. The company describes itself as a developer and explorer of lower-impact critical metals from seafloor nodules, with a focus on supplying nickel, copper, cobalt and manganese for energy, defense, manufacturing and infrastructure.
News about TMC often covers quarterly corporate updates, where the company reports operating losses typical of an exploration-stage business, cash balances, exploration and evaluation spending, and general and administrative expenses. These updates also summarize progress on environmental studies, technical trials and regulatory processes, including applications under the U.S. Deep Seabed Hard Mineral Resources Act of 1980 (DSHMRA) and interactions with agencies such as NOAA.
Another major category of TMC news relates to technical and economic studies. The company has announced a Pre-Feasibility Study for its NORI-D Project and an Initial Assessment for additional NORI and TOML areas, both prepared under SEC Regulation S-K Subpart 1300. Press releases detail resource estimates, projected production profiles, cost assumptions and valuation metrics, as well as the involvement of independent Qualified Persons.
Investors following TMC’s news can also expect announcements on sponsorship agreements with the governments of Nauru and Tonga, strategic investments such as the equity placement with Korea Zinc, board appointments, and processing milestones with partners like PAMCO. Industry and policy developments, including executive orders and proposed regulatory changes affecting seabed minerals, feature prominently in the company’s communications.
This news page aggregates these items so readers can track TMC’s exploration progress, regulatory pathway, financing events and technical milestones in one place.
TMC the metals company Inc. (TMC) released its inaugural Impact Report, focusing on its mission to operate sustainably while unlocking high-grade battery metals from seafloor polymetallic nodules in the Clarion Clipperton Zone (CCZ). The report outlines TMC's governance, stakeholder engagement, and environmental measures, emphasizing the necessity of these metals for the energy transition. TMC aims to create a circular metals economy and has made strides in environmental knowledge, operational transparency, and gender parity within its workforce. The report serves as the company's Communication of Progress for 2021.
TMC the metals company Inc. (Nasdaq: TMC) has successfully completed tests of a riser system and flexible jumper hose, pivotal for its pilot nodule collection system in collaboration with Allseas Group. Deployed from the Hidden Gem vessel to depths of 745 meters, these systems are set to be integral in future trials at TMC's NORI-D contract area, including a 4-kilometer riser deployment. This pilot will serve as a foundation for TMC’s first commercial production system, addressing the increasing demand for critical battery metals.
TMC the metals company reported a first-quarter 2022 net loss of $21.1 million, or $0.09 per share, improved from a net loss of $55.7 million in Q1 2021. Cash reserves stood at $69.0 million, sufficient for over 12 months of operations. The company is advancing partnerships, including a potential nodule processing plant in India with Epsilon Carbon. Significant progress was made with pilot nodule collection systems, aiming for a targeted 1.3 Mtpa capacity by Q4 2024. TMC's NORI and TOML projects rank among the largest undeveloped nickel projects globally.
TMC the metals company Inc. (Nasdaq: TMC) successfully conducted initial deep-water trials for its polymetallic nodule collector vehicle in the Atlantic Ocean. This marks a significant milestone as the vehicle was deployed to a depth of 2,470 meters, where it underwent rigorous testing, confirming its operational capabilities under extreme conditions. Upcoming trials will involve deploying a four-kilometer-long riser along with a jumper hose to connect the collector vehicle. These tests are part of TMC's efforts to collect nodules rich in critical metals for battery production, aiding the clean energy transition.
The Metals Company (TMC) announced results from a study by SINTEF showing that its nodule-derived manganese silicate can serve as an effective substitute for traditional manganese ores in steelmaking.
This product may improve production costs and reduce CO2 emissions, with potential value-in-use gains of 7% to 17% depending on carbon tax regimes. TMC estimates that this manganese silicate could contribute nearly 30% of future revenues, highlighting its significant role in the steelmaking supply chain.
The Metals Company (Nasdaq: TMC) will host a conference call on May 9, 2022, at 4:30 p.m. ET to discuss its first quarter financial results and recent corporate developments. Interested participants can register for the virtual webcast here. The conference call will be available for replay until May 23, 2022. The company focuses on sourcing lower-impact battery metals from seafloor polymetallic nodules to support the clean energy transition, while minimizing environmental impact.
TMC the metals company Inc. (TMC) has partnered with Benchmark Mineral Intelligence to conduct a Life Cycle Assessment (LCA) of its NORI-D nodule project. This independent study will evaluate the environmental impacts of producing battery metals from seafloor nodules compared to conventional land ores. Key materials analyzed include nickel sulfate and cobalt sulfate. TMC's project aims to meet increasing metal demands for clean energy while minimizing negative environmental effects. The LCA is expected to be completed by mid-Summer 2022.
TMC the metals company Inc. (Nasdaq: TMC) has successfully completed its North Sea drive test program for a robotic polymetallic nodule collector vehicle designed by Allseas. The tests confirmed the collector's mobility and dynamic positioning in open sea conditions, covering a distance of 4,533 meters. Upcoming trials will involve a four-kilometer-long riser and flexible hoses for future offshore operations in TMC's NORI-D contract area. These advancements are crucial for the regulatory and permitting process with the International Seabed Authority.
TMC the metals company reported a net loss of $19.8 million for Q4 2021, translating to a loss per share of $0.09. The full-year net loss stood at $141.3 million or $0.69 per share, primarily due to high share-based compensations totaling $60.3 million, along with substantial offshore campaign costs. The company's cash reserves of $84.9 million are anticipated to last until Q3 2023. TMC is progressing on its NORI-D project and aims to submit an exploitation contract application to the International Seabed Authority by Q3 2023.
The Metals Company (TMC) announced the successful deployment and testing of its pilot robotic nodule collector vehicle in collaboration with Allseas. This milestone occurred during a wet-test commissioning at the Port of Rotterdam, confirming all critical functions of the vehicle. Full pilot nodule collection trials are anticipated in the Clarion Clipperton Zone later this year. The trials are essential for collecting environmental data for regulatory processes. TMC aims to develop a commercial collection system for polymetallic nodules, sourcing critical battery metals for clean energy technologies.
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