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 Co Inc. reported that its Chief Financial Officer, Craig Shesky, received a grant of 453,515 Common Share RSUs on April 13, 2026 as compensation. The award carries a price of $0.00 per share, reflecting a share-based grant rather than a market purchase.
Each RSU converts into one common share upon vesting. The grant vests over three years in equal installments, with 1/3 vesting on March 20, 2027, 1/3 on March 20, 2028, and 1/3 on March 20, 2029, subject to his continued service. Following this grant, Shesky directly holds 1,879,356 common shares.
TMC the metals Co Inc. reported that Chief Strategy Officer Erika Ilves received a grant of 453,515 restricted stock units (RSUs) on April 13, 2026 as part of the company’s long-term incentive plan. Each RSU converts into one common share upon vesting.
The RSUs vest over three years, with one-third vesting on March 20, 2027, one-third on March 20, 2028, and one-third on March 20, 2029, subject to her continued service through each vesting date. After this grant, Ilves directly holds 5,214,199 common shares, with an additional 30,682 shares held indirectly by her children.
TMC the metals Co Inc. reported that Chairman & CEO Gerard Barron acquired 816,327 Common Shares through a grant of restricted stock units (RSUs) at no cash cost as part of the company’s long-term incentive plan.
Each RSU converts into one share upon vesting, which occurs in three equal installments on March 20, 2027, March 20, 2028 and March 20, 2029, subject to his continued service. Following this award, Barron directly holds 41,803,445 Common Shares, highlighting that this filing reflects compensation-based equity rather than an open-market share purchase or sale.
TMC the metals company Inc. filed an automatic shelf registration on Form S-3 as a well-known seasoned issuer to register an unlimited aggregate amount of common shares, preferred shares, debt securities, warrants and units for offering from time to time after effectiveness. The shelf permits offerings by the company or by selling securityholders; prospectus supplements will state specific terms and whether the company receives proceeds. As context, there were 433,188,187 common shares issued and outstanding as of March 30, 2026, the last reported sale price of the common shares was $4.10 per share and the public warrants last traded at $0.271 per warrant on March 30, 2026. The prospectus incorporates technical reports on the NORI Area D pre-feasibility study and TOML/NORI initial assessment and discloses NOAA and ISA regulatory pathways for deep-seabed minerals under DSHMRA and UNCLOS-related regimes.
TMC the metals company Inc. describes its plan to develop deep-sea polymetallic nodules in the Clarion Clipperton Zone to supply nickel, copper, cobalt, manganese and rare earth elements for U.S. strategic sectors such as batteries, steel, defense and data centers. The company pursues a dual regulatory path, maintaining ISA exploration contracts through subsidiaries NORI and TOML while applying under the U.S. Deep Seabed Hard Mineral Resources Act for exploration licenses and a commercial recovery permit covering 65,187 square kilometers (TMC USA-A) and additional ground (TMC USA-B).
A 2025 pre-feasibility study for NORI Area D declared the first mineral reserves for a seafloor polymetallic nodule project, with 51 million tonnes of probable reserves and larger measured, indicated and inferred resources across NORI and TOML areas. TMC outlines a phased production strategy targeting up to 12 million tonnes of wet nodules per year at steady state, initially using the Hidden Gem vessel and toll processing in Japan and Indonesia, and later adding integrated U.S. processing in Texas.
The report emphasizes life cycle assessments suggesting lower environmental footprints versus many land-based routes, including reduced biomass disturbance, near-zero solid processing waste, and shorter supply chains into the United States. Key partnerships include Allseas for offshore collection systems, PAMCO for smelting trials and feasibility work, Korea Zinc for refining and pCAM opportunities, Glencore for 50% offtake on NORI nickel and copper, and Mariana Minerals to help design and potentially develop a U.S. processing facility in Brownsville, Texas.
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.
Craig Shesky, an officer of TMC the metals Co Inc., reported 215,492 common shares to be sold, with an aggregate market value of $976,917.17 and an approximate sale date of March 26, 2026. He acquired those shares on March 20, 2026, through vesting of restricted stock unit awards under the issuer’s equity compensation plan.
The notice lists sales of 51,941 shares on March 24, 2026, for gross proceeds of $246,107.65, and 78,186 shares on March 25, 2026, for gross proceeds of $358,297.02. Its remarks state that the reported sales were effected to cover tax withholding obligations related to restricted stock unit vesting through an automatic sell-to-cover transaction and did not represent a discretionary transaction.
TMC the metals Co Inc. officer Craig Shesky reported a proposed sale of 78,186 common shares, with an approximate sale date of March 25, 2026, and an aggregate market value of $358,297.02. The shares were acquired through vesting of restricted stock unit awards on March 20, 2026. Separately, he sold 51,941 shares on March 24, 2026, for gross proceeds of $246,107.65; the reported past-three-month sales were described as automatic sell-to-cover transactions for tax withholding, not discretionary transactions.
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.