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 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
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
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.
TMC the metals company Inc. director and 10% owner Andrei Karkar reported exercising stock options on February 3, 2026 to purchase 63,682 common shares at an exercise price of
Under the option terms, he also received multiple classes of “Special Shares” (A through H) for no additional consideration, which each automatically convert into common shares on a one-for-one basis if trading-price thresholds from
TMC The Metals Company Inc. reported that its wholly owned subsidiary, The Metals Company USA, LLC, has submitted a consolidated application to the U.S. National Oceanic and Atmospheric Administration (NOAA). The application seeks both an exploration license and a commercial recovery permit for polymetallic nodules in international waters of the Clarion Clipperton Zone in the Pacific Ocean.
The company notes that this was filed under NOAA’s new consolidated application and review process and represents the first submission of its kind. Details of the application and related forward-looking statements are described further in a press release furnished as an exhibit.
TMC the metals Co Inc. director Greig Andrew Carlyle reported multiple stock option exercises on January 8, 2026. He exercised options to acquire 11,578, 578,931 and 31,602 common shares at exercise prices of
In connection with these cash exercises, he also received several classes of "Special Shares" (Classes A through H) for no additional consideration. These Special Shares automatically convert into common shares on a one‑for‑one basis if the common share price meets specified volume‑weighted thresholds ranging from
TMC the metals company Inc. reported that it has released its financial results for the third quarter ended September 30, 2025 and provided a broader business update through a press release furnished as an exhibit. The company also scheduled a conference call on November 13, 2025 at 4:30 p.m. ET to discuss these results and developments.
The information, including the press release, is being furnished rather than filed under securities laws, which limits certain legal liabilities and incorporation by reference. The company also highlights that the release contains forward-looking statements and directs readers to the cautionary note included in the press release.
TMC the metals company Inc. reported a larger quarterly loss as it ramped financing and recorded non-cash fair value changes. For the quarter ended September 30, 2025, net loss was $184.5 million, driven by a $131.0 million increase in the fair value of its royalty liability and higher share-based compensation. Operating expenses included exploration and evaluation of $9.6 million and general and administrative of $45.7 million.
Liquidity improved: cash was $115.6 million and total assets $175.6 million, supported by an $85.2 million investment from Korea Zinc and a $37.0 million registered direct offering, plus $14.8 million from ATM sales. Total liabilities were $216.2 million, with equity at $(40.6) million. Year to date, the company expensed $38.1 million related to Nauru and Tonga warrants and recognized $62.3 million of share-based compensation.
Shares outstanding were 408,855,173 as of September 30, 2025, and 413,492,045 as of November 12, 2025. Accounts payable and accrued liabilities were $46.8 million, including $32.9 million owed to Allseas and affiliates. Net cash provided by financing activities was $143.5 million, lifting period-end cash balances.
Amendment to Schedule 13G reporting corrected beneficial ownership. William George Brumder II filed Amendment No. 1 to his Schedule 13G for TMC the metals Co Inc. to correct the number of Common Shares underlying warrants previously misstated. The filing reports that Mr. Brumder beneficially owns 21,067,781 Common Shares, representing approximately 5.2% of the issued and outstanding Common Shares based on a denominator of 407,467,921 shares. The position includes 1,075,000 Common Shares underlying exchange-traded warrants exercisable at $11.50 per share and 2,492,200 Common Shares underlying call options exercisable within 60 days. The warrants expire on September 9, 2026.