TMC the metals company Inc. filings document the company’s seafloor polymetallic nodule business, capital structure, governance matters, and material events. The company reports Nasdaq-listed common shares under TMC and redeemable warrants under TMCWW, and its filings identify it as an emerging growth company incorporated in British Columbia, Canada.
Current reports cover operating and financial results, Regulation FD disclosures tied to NOAA and DSHMRA permitting for TMC USA, material agreements involving sponsored exploration activities, and technical report summaries for NORI Area D and TOML/NORI properties in the Clarion-Clipperton Zone. Proxy materials cover annual meeting matters, director elections, auditor appointment, executive compensation votes, and other shareholder governance items.
TMC the metals company Inc. (TMC) reported a third-quarter net loss of $28.4 million, compared with $184.5 million a year earlier; nine-month net loss was $109.1 million versus $279.4 million. TMC has generated no revenue to date. Net cash used in operating activities was $40.1 million in the first nine months, compared with $31.5 million in 2025, and cash was $79.3 million at September 30, 2026.
On July 2, 2026, TMC issued 7,305,567 common shares to Allseas, at Allseas Deepsea’s direction, to settle a $43.2 million share-settled obligation. Deferred Amounts of $33.8 million recognized in the second quarter are repayable whether or not commercial production begins and become payable when the Allseas Agreement expires or terminates.
NOAA certified the USA-B application and published a notice to prepare an environmental impact statement. The USA-A application remains in certification; NOAA expects to notify TMC of its certification determination by mid-December 2026. The ISA extended NORI’s exploration contract five years, to July 21, 2031; TOML has applied for a five-year extension.
TMC reported a Q3 2026 net loss of $28.4 million, versus $184.5 million a year earlier. The comparison includes a $131.0 million royalty-liability fair-value expense in Q3 2025 and a $5.0 million gain in Q3 2026. Exploration and evaluation expenses rose to $23.5 million from $9.6 million; general and administrative expenses fell to $9.5 million from $45.7 million.
Cash was $79.3 million at September 30, 2026, with no financial debt; management believes it will cover working capital and capital expenditure commitments for at least 12 months. Nine-month operating cash use was $40.1 million, versus $31.5 million a year earlier. NOAA continues reviewing TMC USA’s USA-A application after its first 60-day comment period closed October 19, 2026; Chairman and CEO Gerard Barron said a permit could be in hand by this time next year. TMC and Allseas are pursuing lower-upfront-investment initial production; at lower initial volumes, TMC expects the operation to be EBITDA-positive in its first years. Mariana is assessing a Brownsville plant, with two U.S. agencies considering support, and TMC may use PAMCO’s Japan facility for initial processing.
The Metals Company Inc. said its subsidiary, The Metals Company USA LLC (“TMC USA”), received a letter from NOAA on November 3, 2026. NOAA expects to notify TMC USA by mid-December 2026 of its final determination on certification of the subsidiary’s consolidated application for an exploration license and a commercial recovery permit under the Deep Seabed Hard Mineral Resources Act.
The timing is an estimate that may change, and the Act does not impose a mandatory deadline for NOAA’s determination. Certification is an intermediate step in NOAA’s review and does not itself constitute approval or issuance of a license or permit.
TMC director Liam M. Mallon received 25,445 RSUs on September 25, 2026, and 77,720 RSUs on September 28, 2026. Both awards vest in three equal installments on the first, second and third anniversaries of their respective grant dates, subject to continued service through each vesting date. Each RSU in the September 25 award represents the right to receive one common share upon vesting.
TMC's Form 3 identifies Liam M. Mallon as a director and reporting person. The accompanying remarks list Exhibit 24.1 as a Power of Attorney.
TMC the metals company Inc. appointed Liam Mallon as a director effective September 24, 2026, filling the vacancy created by Brendan May’s resignation, also effective September 24, 2026. Mallon will chair the Sustainability and Innovation Committee and is expected to stand for election at the 2027 Annual General Meeting. He received 25,445 RSUs on September 25, 2026, and a special one-time grant of 77,720 RSUs on September 28, 2026.
The company stated that May’s resignation did not result from disagreement with its operations, policies or practices. Separately, NOAA published TMC USA’s consolidated USA-A exploration-license and commercial-recovery-permit application in the Federal Register. NOAA also published a notice of intent to develop an Environmental Impact Statement for the USA-B exploration-license application.
TMC the metals Co Inc. (symbol: TMC) is the issuer of record for a Form 4 filing submitted to the SEC. Hall Andrew reported acquisition or exercise transactions in this Form 4 filing.
TMC the metals Co Inc. (TMC) reported that director Andrew Hall received an equity-based compensation award in the form of 72,935 Common Shares on September 11, 2026. The award was granted as restricted stock units under the company’s 2021 Equity Incentive Plan at a stated price of $0.00 per share.
Each restricted stock unit represents the right to receive one common share, and, subject to Andrew Hall’s continued service, these RSUs vest on the third anniversary of the grant date. Following this grant, Hall’s directly held position is reported as 466,993 common shares.
TMC the metals Co Inc. (TMC) received Amendment No. 13 to a Schedule 13D from its chief executive officer, Gerard Barron, updating his ownership and related arrangements. Barron reports beneficial ownership of 30,809,638 Common Shares, including shares underlying options exercisable within 60 days of September 11, 2026, representing 6.9% of the outstanding Common Shares based on 441,135,482 shares outstanding as of August 11, 2026.
The filing details that this stake consists of 26,162,760 Common Shares and 4,646,878 Common Shares underlying near-term exercisable options, and excludes additional options, warrants, Special Shares, and restricted stock units that vest on future dates or are subject to performance or price hurdles. It also describes multiple RSU vesting events from 2024–2026 that delivered several million shares to Barron, the expiration of warrants to purchase 89,394 shares at $11.50, a credit facility under which Barron and an affiliated fund may lend up to $44 million to TMC, and Barron’s employment agreement that includes 20,000,000 performance-based RSUs vesting by April 16, 2029 if specified Common Share price thresholds are met.
TMC the metals Co Inc. (TMC) reports that its warrants expiring September 9, 2026 have been removed from listing and/or registration on the Nasdaq Stock Market LLC through a Form 25 filing under the Securities Exchange Act of 1934.
Nasdaq certifies it has complied with its rules to strike this class of warrants from listing, and that the issuer has complied with applicable exchange and SEC requirements for voluntary withdrawal of this class of securities.
TMC the metals company Inc. (TMC) reported that the U.S. National Oceanic and Atmospheric Administration (NOAA) has published in the Federal Register a consolidated application by its subsidiary, The Metals Company USA LLC, for an exploration license and commercial recovery permit for polymetallic nodules in the TMC USA-A area under the Deep Seabed Hard Mineral Resources Act (DSHMRA).
The USA-A application covers approximately 65,000 km2 in the Clarion-Clipperton Zone with an estimated 619 million tonnes of wet nodules and potential exploration upside of an additional 200 million tonnes. NOAA previously determined the application was in full compliance on April 28, 2026, and publication starts the public comment process before further regulatory steps.
TMC USA is also advancing a separate USA-B exploration license application covering about 122,000 km2 with an estimated 1.02 billion tonnes of polymetallic nodules. NOAA has issued a Notice of Intent to prepare an Environmental Impact Statement for USA-B, and both applications remain subject to ongoing environmental review and final NOAA determinations.