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 officer Craig Shesky is associated with a reported sale of 51,941 common shares, listed at an aggregate market value of $246,107.65 and an approximate sale date of March 24, 2026. The remarks state that the shares were sold through an automatic sell-to-cover transaction for tax withholding obligations connected with restricted stock unit vesting, and that the transaction was not discretionary. The shares were acquired through vesting on March 20, 2026.
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.
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 $0.52 per share, increasing his directly held common shares to 394,009.
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 $15.00 up to $200.00 are met or upon certain changes of control. Separately, 60,953,495 common shares are reported as indirectly owned through ERAS Capital LLC, where he shares voting and dispositive power and may be deemed a beneficial owner to the extent of any pecuniary interest.
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 $0.52, $2.60 and $0.65 per share, respectively, increasing his directly held common shares to 5,070,030.
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 $15.00 for Class A to $200.00 for Class H over a defined trading period, or upon certain change‑of‑control events.
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.