• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    TMC Announces $37 Million Strategic Investment to Advance Deep-Sea Mineral Development

    5/12/25 8:24:52 AM ET
    $TMC
    Metal Mining
    Basic Materials
    Get the next $TMC alert in real time by email
    • The financing is led by Michael Hess, Chief Investment Officer of Hess Capital, and Brian Paes-Braga, Managing Partner at SAF Group and Head of SAF Growth
    • It comprises a Registered Direct Offering at $3.00 per share and warrants exercisable at $4.50 per share, with mandatory exercise if shares trade above $7.00 per share for 20 consecutive days
    • Proceeds are expected to be sufficient to fund operations through the potential issuance of a commercial recovery permit
    • The investor group brings decades of experience in large-scale resource development and deep global relationships across industry, government and capital markets

    NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or the "Company"), a leading explorer of the world's largest undeveloped resource of critical metals essential to energy, defense, manufacturing, and infrastructure, today announced a $37 million registered direct offering through a securities purchase agreement with Michael Hess and his affiliated private investment vehicles. Brian Paes-Braga, Managing Partner at SAF Group and a long-time supporter of TMC, is participating alongside Mr. Hess in the offering. An existing strategic TMC investor is also participating in the offering.

    Pursuant to the agreement, TMC will issue 12.3 million common shares at $3.00 per share, with each share accompanied by a Class C warrant to purchase one additional share at an exercise price of $4.50 per share. The warrants have a three-year term and include a compulsory exercise provision if the stock trades above $7.00 per share for 20 consecutive trading days. Gross proceeds are expected to total approximately $37 million before expenses. Proceeds will be used to advance the Company's commercial development plans and for general corporate purposes and are expected to be sufficient to fund operations through the potential issuance of a commercial recovery permit. The offering is expected to close on or about May 22, 2025, subject to customary closing conditions.

    TMC's Chairman and CEO, Gerard Barron, commented: "In recent weeks, both our company and the industry have made major strides. On April 24th, President Trump issued an Executive Order to accelerate seabed mining through expedited permitting, evaluation of offtake rights, and potential federal investment. Just days later, TMC submitted the world's first commercial recovery application for nodules in international waters—more than two months ahead of schedule. We're thrilled to welcome Michael Hess as a strategic partner. He brings over 15 years of exploration and production experience, as both an investor and operator, along with deep relationships across the U.S."

    Michael Hess commented: "Brian Paes-Braga and I have been evaluating opportunities in critical minerals for some time, specifically looking for opportunities that will advance America's mineral independence. We believe TMC is a unique company with the potential to play a key role in that effort. It is exciting to support the emergence of an entirely new resource category of ocean minerals and to help accelerate its development in service of the national interest."

    Shelf registration statements on Form S-3, including base prospectuses, relating to the securities being offered were filed on September 16, 2022 and November 30, 2023, respectively, and declared effective by the U.S. Securities and Exchange Commission (SEC) on October 14, 2022 and December 8, 2023, respectively. The offering is being made only by means of written prospectuses and a prospectus supplement that form a part of the registration statements. A prospectus supplement dated May 12, 2025 describing the terms of the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov.

    This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

    About TMC the metals company

    TMC the metals company is an explorer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing.

    Contact:

    Investors: [email protected]

    Media: [email protected]

    Forward-Looking Statements

    This press release contains "forward-looking" statements and information within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as "believes," "could," "expects," "may," "plans," "possible," "potential," "will" and variations of these words or similar expressions, although not all forward-looking statements contain these words. Forward-looking statements in this press release include, but are not limited to, statements with respect to whether the Company will offer and issue the securities and the terms of the offering, the anticipated gross proceeds from the offering and the anticipated use of proceeds from the offering. The Company may not actually achieve the plans, intentions or expectations disclosed in these forward-looking statements, and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions and expectations disclosed in these forward-looking statements as a result of various factors, including, among other things: risks relating to the need to satisfy regulatory and legal requirements with respect to the offering, risks relating to the Company's ability to satisfy certain conditions to closing for the offering included in the securities purchase agreement on a timely basis or at all, as well as related to market and other conditions and the other risk factors that are described in the section entitled "Risk Factors" in the prospectus supplement and the Company's Annual Report on Form 10-K and subsequent filings with the Securities and Exchange Commission (SEC), any of such risks could cause actual results to differ from those contained in the forward-looking statements. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether because of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.



    Primary Logo

    Get the next $TMC alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $TMC

    DatePrice TargetRatingAnalyst
    6/25/2025$11.00Neutral → Outperform
    Wedbush
    5/20/2025$5.50Buy
    H.C. Wainwright
    1/15/2025$3.75Buy
    Alliance Global Partners
    11/13/2023$4.20Buy
    Cantor Fitzgerald
    11/24/2021$5.00Neutral
    Wedbush
    11/12/2021$3.00Neutral
    Piper Sandler
    11/11/2021Hold
    Benchmark
    11/11/2021Hold
    The Benchmark Company
    More analyst ratings

    $TMC
    SEC Filings

    See more
    • TMC the metals company Inc. filed SEC Form 8-K: Other Events

      8-K - TMC the metals Co Inc. (0001798562) (Filer)

      7/1/25 4:51:28 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • Amendment: SEC Form SCHEDULE 13D/A filed by TMC the metals company Inc.

      SCHEDULE 13D/A - TMC the metals Co Inc. (0001798562) (Subject)

      6/23/25 4:25:23 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • TMC the metals company Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Unregistered Sales of Equity Securities, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - TMC the metals Co Inc. (0001798562) (Filer)

      6/16/25 9:06:28 AM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Financials

    Live finance-specific insights

    See more
    • The Metals Company Announces First Quarter 2025 Corporate Update Conference Call for Wednesday, May 14, 2025

      NEW YORK, May 07, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or the "Company"), an explorer of the world's largest undeveloped resource of critical metals for energy, defense, manufacturing and infrastructure, today announced that it will host a conference call on Wednesday, May 14, 2025, to provide an update on first quarter 2025 financial results and recent corporate developments.  First Quarter 2025 Conference Call Details  Date:Wednesday, May 14, 2025  Time:4:30 p.m. ET  Audio-only Dial-in:Register Here  Virtual webcast with slides:Register Here   The virtual webcast will be available for replay in the ‘Investors' tab of the Company's website under ‘Inves

      5/7/25 4:15:49 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • The Metals Company Announces Fourth Quarter and Full Year 2024 Corporate Update Conference Call for Thursday, March 27, 2025

      NEW YORK, March 21, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or the "Company"), an explorer of the world's largest undeveloped resource of critical metals for building infrastructure, power generation, transmission, and batteries, today announced that it will host a conference call on Thursday, March 27, 2025, to provide an update on fourth quarter and full year 2024 financial results and recent corporate developments.  Fourth Quarter and Full Year 2024 Conference Call Details  Date:Thursday, March 27, 2025     Time: 4:30 p.m. ET     Audio-only Dial-in: Register Here    Virtual webcast with slides: Register Here    The virtual webcast will be av

      3/21/25 11:31:08 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • The Metals Company Announces Third Quarter 2024 Corporate Update Conference Call for Thursday, November 14, 2024

      NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Metals Company (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 14, 2024, to provide an update on third quarter financial results and recent corporate developments.  Third Quarter 2024 Conference Call Details  Date: Thursday, November 14, 2024  Time: 4:30 p.m. ET  Audio-only Dial-in: Register Here  Virtual webcast with slides: Register Here   The virtual webcast will be available for replay in the ‘Investors' tab of the Company's website under ‘Investors' > ‘Media' > ‘Events and Presentations', approx

      11/7/24 8:15:00 AM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Large owner Allseas Group S.A. bought 2,333,333 shares (SEC Form 4)

      4 - TMC the metals Co Inc. (0001798562) (Issuer)

      5/27/25 6:20:01 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • Director May Brendan bought $21,870 worth of shares (25,000 units at $0.87), increasing direct ownership by 33% to 100,040 units (SEC Form 4)

      4 - TMC the metals Co Inc. (0001798562) (Issuer)

      12/27/24 3:53:33 PM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • TMC Announces Appointment of Michael Hess and Alex Spiro to its Board of Directors

      Michael Hess, an experienced investor and operator in the energy sector, brings deep networks and expertise in financing and developing businesses focused on the U.S. energy supply chainAlex Spiro, a high-profile U.S. attorney and investor, joins with extensive regulatory, governance and capital markets experience across sectors including energy, technology, and miningAppointments strengthen TMC's Board as the Company executes on its U.S. strategy and accelerates progress toward commercial recovery of polymetallic nodules in international waters under the existing U.S. seabed mining code NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) (TMC or the Compa

      6/16/25 4:05:28 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • TMC Announces Strategic Investment from Korea Zinc — a World-Leader in Non-Ferrous Metal Refining and pCAM Technology — to Advance Development of Deep-Seabed Critical Minerals in the U.S.

      Korea Zinc Co., Ltd., (Korea Zinc) will make a strategic equity investment in TMC of $85.2 million in exchange for 19.6 million common shares at the last market closing price of $4.34 per shareInvestment includes a three-year warrant to purchase 6.9 million common shares (0.35 warrant shares for every 1 initial common share) with an exercise price of $7.00 per share, and a participation right to subscribe for future offerings of TMC equity for Korea Zinc to maintain its ownership of common shares, subject to customary exceptionsA world leader in non-ferrous metal refining and precursor Cathode Active Material (pCAM) technology, Korea Zinc is uniquely positioned to use TMC USA's nodule-derive

      6/16/25 8:26:49 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • TMC and Nauru Announce Updated Sponsorship Agreement for Nauru Ocean Resources Inc. (NORI)

      The Government of Nauru and TMC's subsidiary, Nauru Ocean Resources Inc. (NORI), signed a revised Sponsorship Agreement updating the terms of their agreement signed in 2017The President of Nauru welcomes the new agreement which will ensure that Nauruans will receive benefits from any future development of seafloor mineral resources from NORIThe Republic of Nauru has played a leading role in the development of the seafloor minerals industry, advancing the rights of Developing States to ensure their participation under the UNCLOS regimeIn breach of its obligations under UNCLOS, the International Seabed Authority (ISA) has failed to adopt the Exploitation Regulations and is continuing to unlawf

      6/4/25 4:05:10 PM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • The Metals Company upgraded by Wedbush with a new price target

      Wedbush upgraded The Metals Company from Neutral to Outperform and set a new price target of $11.00

      6/25/25 7:51:09 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • H.C. Wainwright initiated coverage on The Metals Company with a new price target

      H.C. Wainwright initiated coverage of The Metals Company with a rating of Buy and set a new price target of $5.50

      5/20/25 8:12:37 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • Alliance Global Partners initiated coverage on The Metals Company with a new price target

      Alliance Global Partners initiated coverage of The Metals Company with a rating of Buy and set a new price target of $3.75

      1/15/25 7:55:44 AM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director May Brendan sold $521,433 worth of shares (69,204 units at $7.53), decreasing direct ownership by 26% to 197,586 units (SEC Form 4)

      4 - TMC the metals Co Inc. (0001798562) (Issuer)

      6/27/25 9:00:22 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • SEC Form 3 filed by new insider Spiro Alex

      3 - TMC the metals Co Inc. (0001798562) (Issuer)

      6/26/25 7:45:28 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • Director Hall Andrew was granted 66,508 shares, increasing direct ownership by 23% to 359,267 units (SEC Form 4)

      4 - TMC the metals Co Inc. (0001798562) (Issuer)

      6/5/25 8:47:39 PM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Leadership Updates

    Live Leadership Updates

    See more
    • TMC Announces Appointment of Michael Hess and Alex Spiro to its Board of Directors

      Michael Hess, an experienced investor and operator in the energy sector, brings deep networks and expertise in financing and developing businesses focused on the U.S. energy supply chainAlex Spiro, a high-profile U.S. attorney and investor, joins with extensive regulatory, governance and capital markets experience across sectors including energy, technology, and miningAppointments strengthen TMC's Board as the Company executes on its U.S. strategy and accelerates progress toward commercial recovery of polymetallic nodules in international waters under the existing U.S. seabed mining code NEW YORK, June 16, 2025 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) (TMC or the Compa

      6/16/25 4:05:28 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • The Metals Company Welcomes Prominent Sustainability Strategist Brendan May to its Board of Directors

      Mr. May is chairman and founder of Robertsbridge, a leading global sustainability consultancy he formed in 2010. He has spent more than 25 years in the sustainability space, initially working on oceans sustainability as CEO of the Marine Stewardship Council (MSC) and more recently on deforestation as European Chairman of the Rainforest AllianceHe joins TMC's Board to help the company transition into commercial production as global policymakers increasingly focus on the potential of deep-seafloor nodules to reduce the lifecycle planetary and human costs of land-based sources of the metals that underpin the energy transition and global development NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) --

      6/3/24 8:00:00 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • Steve Jurvetson, a Renowned Silicon Valley Investor, Joins TMC's Board of Directors as Vice Chairman and Special Advisor to the CEO

      Mr. Jurvetson is a legendary investor focused on founder-led, mission-driven companies at the cutting edge of disruptive technology and new industry formation. His investments include pioneering technology companies like Tesla, Planet Labs, SpaceX and Commonwealth Fusion Systems, and represent over $800 billion in aggregate value creationHe joins TMC's Board to help the company transition into commercial production as global policymakers increasingly focus on the potential of deep-seafloor nodules to strengthen domestic supply chains for critical metals that underpin energy transition and national security NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TM

      4/10/24 8:30:00 AM ET
      $TMC
      Metal Mining
      Basic Materials

    $TMC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13D/A filed by TMC the metals company Inc. (Amendment)

      SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)

      4/18/24 10:37:33 AM ET
      $TMC
      Metal Mining
      Basic Materials
    • SEC Form SC 13D/A filed by TMC the metals company Inc. (Amendment)

      SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)

      8/18/23 4:01:20 PM ET
      $TMC
      Metal Mining
      Basic Materials
    • SEC Form SC 13D/A filed by TMC the metals company Inc. (Amendment)

      SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)

      8/15/23 4:15:26 PM ET
      $TMC
      Metal Mining
      Basic Materials