Welcome to our dedicated page for Tmc The Metals Company SEC filings (Ticker: TMC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings page for TMC the metals company Inc. (Nasdaq: TMC) provides access to the company’s official U.S. regulatory disclosures. As an emerging growth company incorporated in British Columbia, Canada, with common shares and warrants listed on the Nasdaq Stock Market, TMC files current and periodic reports that document its deep-sea polymetallic nodule projects, financing activities and governance matters.
Among the most informative filings for investors are Form 8-K current reports. Recent 8-Ks describe material events such as revised sponsorship agreements for Tonga Offshore Mining Ltd (TOML), strategic equity financings including a private placement with Korea Zinc and a registered direct offering, and the publication of technical economic assessments prepared under Regulation S-K Subpart 1300. Other 8-Ks furnish press releases announcing quarterly results, corporate updates and strategy events.
TMC also files Technical Report Summaries as exhibits under Item 9.01 of Form 8-K, including the S-K 1300 NORI Area D Technical Report (Pre-Feasibility Study) and the Initial Assessment for TOML and NORI properties in the Clarion Clipperton Zone. These reports, prepared and signed by independent and company-affiliated Qualified Persons, outline mineral resources and reserves, conceptual mine plans, processing routes and economic projections, and are accompanied by consents from the Qualified Persons.
On this page, users can review TMC’s SEC submissions to understand how the company characterizes its resource base, regulatory strategy under the International Seabed Authority and U.S. DSHMRA regimes, sponsorship obligations to Nauru and Tonga, and capital-raising transactions. AI-powered tools summarize lengthy filings, highlight key items such as new technical reports, warrant issuances and sponsorship terms, and help readers quickly locate information on topics like mineral reserve declarations, regulatory milestones and financing structures.
For deeper research, investors can examine exhibits such as technical reports, sponsorship agreements, deeds of guarantee and indemnity, and consent letters from Qualified Persons, all referenced within TMC’s SEC filings.
TMC the metals company Inc. reported fourth quarter and full year 2025 results alongside major permitting and strategic updates. The company ended December 31, 2025 with cash of $117.6 million and cites total liquidity of $162 million, expecting around $154 million at March 31, 2026.
TMC posted a net loss of $40.4 million ( $0.08 per share) for Q4 2025, versus a loss of $16.1 million ( $0.04 per share) a year earlier. For full year 2025, net loss widened to $319.8 million ( $0.83 per share) from $81.9 million ( $0.25 per share) in 2024, driven by a $131 million increase in NORI royalty liability and a non‑recurring $38 million warrant charge.
General and administrative expenses rose sharply to $99.8 million in 2025 from $30.6 million, largely due to accelerated share‑based compensation. At year‑end, total equity was a deficit of $33.4 million. Strategically, TMC advanced a U.S. permitting path with NOAA’s “substantial compliance” determination on its consolidated deep‑seabed mining application, secured exclusive lease‑option rights for a potential processing hub in Brownsville, Texas, and entered a strategic partnership with Mariana Minerals. TMC also highlighted expected 2026 Nasdaq trading of The Metals Royalty Co., in which it holds an equity stake and royalty repurchase rights.
TMC the metals Co Inc. Chief Financial Officer Craig Shesky reported selling a total of 345,619 common shares of TMC in open-market transactions on March 24–26, 2026 at average prices around $4.53–$4.74 per share. According to the filing, these sales were executed as automatic “sell to cover” transactions to satisfy tax withholding obligations arising from the vesting of restricted stock units granted on March 20, 2023, March 20, 2024 and March 20, 2025, and are described as non-discretionary. Following these transactions, Shesky directly holds 1,425,841 common shares of TMC.
TMC director Craig Shesky reported the sale of Common Stock in two transactions on 03/24/2026 and 03/25/2026.
The filing shows 51,941 shares sold on 03/24/2026 for $246,107.65 and 78,186 shares sold on 03/25/2026 for $358,297.02. The excerpt also records vesting of 215,492 restricted stock units on 03/20/2026 granted under the issuer's equity compensation plan.
TMC the metals Co Inc. affiliate transaction report: a holder disclosed a sale of 51,941 shares of Common Stock on 03/24/2026 for $246,107.65. The filing also shows restricted stock units vested on 03/20/2026 granted under the issuer's equity compensation plan.
TMC the metals Co Inc. Chief Financial Officer Craig Shesky exercised restricted stock units into 562,539 common shares on March 20, 2026. These RSUs come from long-term incentive grants made in 2023, 2024, and 2025 that vest over three years. After these conversions, he directly holds 1,771,460 common shares and continues to participate in the company’s multi-year RSU vesting program tied to ongoing service.
TMC the metals Co Inc. submitted a Form 144 notice regarding the proposed sale of 51,941 shares of Common Stock that vested as restricted stock unit awards on 03/20/2026. The filing lists these shares as securities to be sold and notes they were granted under the issuer's equity compensation plan.
TMC the metals company Inc. reported that the U.S. National Oceanic and Atmospheric Administration (NOAA) has determined the consolidated application filed by its subsidiary, TMC USA, for an exploration license and commercial recovery permit under the Deep Seabed Hard Mineral Resources Act is in substantial compliance with U.S. regulations.
The application, the first submitted under NOAA’s new consolidated process, covers about 65,000 km2 of polymetallic nodule areas in the Clarion Clipperton Zone, compared with 25,000 km2 in TMC USA’s initial 2025 commercial recovery permit bid. TMC noted this process is intended to streamline review by using exploration-phase data, and that public comment periods for related exploration license applications TMC USA A and B have been completed.
TMC the metals company’s Chief Financial Officer Craig Shesky reported an insider transaction involving stock options and special share classes. On February 10, 2026, he exercised stock options to acquire 63,204 common shares for cash at an exercise price of $0.65 per share, bringing his directly held common shares to 1,208,921.
Under the option terms, he was also issued, for no additional consideration, multiple series of Special Shares: 1,379 Class A, 2,758 each of Classes B and C, 5,516 each of Classes D, E and F, and 6,895 each of Classes G and H. These Special Shares each automatically convert into common shares on a one-for-one basis if the stock trades at or above specified price thresholds ranging from $15.00 for Class A to $200.00 for Class H over defined 20-out-of-30 trading-day periods, or upon certain change-of-control events.
TMC the metals company director and 10% owner Andrei Karkar reported an option exercise and related equity awards. On February 6, 2026, he exercised stock options to buy 31,602 common shares for cash at an exercise price of $0.65 per share, increasing his direct common share holdings to 425,611.
Under the option terms, he also received for no additional consideration 689 Class A, 1,379 Class B, 1,379 Class C, 2,758 Class D, 2,758 Class E, 2,758 Class F, 3,447 Class G and 3,447 Class H Special Shares, which each convert one-for-one into common shares if specified trading price thresholds from $15.00 up to $200.00 are met or upon certain change-of-control events. The filing also shows 60,953,495 common shares held indirectly through ERAS Capital LLC, where Karkar is managing member and shares voting and dispositive power while disclaiming beneficial ownership beyond his pecuniary interest.
TMC the Metals Company director Christian Madsbjerg reported exercising stock options for 11,578 common shares at $0.52 per share and 31,602 common shares at $0.65 per share on February 6, 2026. Following these exercises, he directly owned 374,800 common shares.
Under the option terms, he also received multiple classes of "Special Shares" (Classes A–H) for no additional cash consideration. These Special Shares each convert into common shares on a one-for-one basis if the stock trades at or above specified price thresholds ranging from $15.00 to $200.00 over a defined 20-out-of-30 trading day period or upon certain change-of-control events.