TMC the metals company Inc. engages in exploring of battery metals from seafloor polymetallic nodules. The company, through its subsidiaries, holds exploration and commercial rights to three contract areas, which host polymetallic nodules containing nickel, copper, cobalt, and manganese in the Clarion Clipperton Zone of the Pacific Ocean. The company is based in Vancouver, Canada.
IPO Year:
Exchange: NASDAQ
Website: metals.co
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/13/2023 | $4.20 | Buy | Cantor Fitzgerald |
| 11/24/2021 | $5.00 | Neutral | Wedbush |
| 11/12/2021 | $3.00 | Neutral | Piper Sandler |
| 11/11/2021 | Hold | Benchmark | |
| 11/11/2021 | Hold | The Benchmark Company |
Cantor Fitzgerald initiated coverage of The Metals Company with a rating of Buy and set a new price target of $4.20
Wedbush initiated coverage of TMC The Metals with a rating of Neutral and set a new price target of $5.00
Piper Sandler initiated coverage of The Metals Company with a rating of Neutral and set a new price target of $3.00
Benchmark initiated coverage of TMC The Metals with a rating of Hold
The Benchmark Company initiated coverage of The Metals Company with a rating of Hold
8-K - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
10-Q - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
10-Q - TMC the metals Co Inc. (0001798562) (Filer)
8-K - TMC the metals Co Inc. (0001798562) (Filer)
ARS - TMC the metals Co Inc. (0001798562) (Filer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
3 - TMC the metals Co Inc. (0001798562) (Issuer)
4 - TMC the metals Co Inc. (0001798562) (Issuer)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13G/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13D/A - TMC the metals Co Inc. (0001798562) (Subject)
SC 13G/A - TMC the metals Co Inc. (0001798562) (Subject)
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) --
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
As NORI Project Director, Grant Lindner will oversee the delivery and scaling of the Company's first polymetallic nodule projectLindner brings deep experience in delivering resource projects with BHP and Bechtel with an exceptional track record of building safe and capital-efficient greenfield and brownfield projectsChief Development Officer Anthony O'Sullivan has resigned as the Company's Chief Development Officer (CDO) for personal and health reasons, and will remain TMC's CDO throughout a twelve-month transition period NEW YORK, Oct. 20, 2022 (GLOBE NEWSWIRE) -- The Metals Company (NASDAQ:TMC) (the "Company" or "TMC"), an explorer of lower-impact battery metals from seafloor polymetal
Andrew C. ( Andy) Greig brings extensive leadership experience spearheading major international construction projects following a 35-year career at Bechtel Group and replaces outgoing Director Gina Stryker on the TMC BoardTMC board member Sheila Khama will step onto the Company's Audit Committee NEW YORK, Oct. 03, 2022 (GLOBE NEWSWIRE) -- The Metals Company (NASDAQ:TMC) (the "Company" or "TMC"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that Andy Greig has been appointed to its Board of Directors. Andy joined the Board as a director on September 29, 2022 and replaces outgoing director Gina Stryker. Andy brings extensive experience work
TMC's first Impact Report outlines the Company's mission to create a carefully managed metal commons by unlocking the planet's largest undeveloped source of high-grade battery metals amid surging demand for these materials as the world seeks to address the climate crisisIn the context of an accelerated transition to renewable energy and electric transport, TMC outlines the anticipated impacts and mitigation measures for its plans to collect polymetallic nodules from the Clarion Clipperton Zone (CCZ) of the Pacific OceanIn addition to providing operational and environmental program details, the report breaks down TMC's governance and stakeholder engagement, the regulatory context surrounding
Kathleen McAllister is a seasoned CEO, CFO and Board Director who has held diverse leadership roles in global, capital-intensive companies in the energy value chain, including at Black Hills Corp. (NYSE:BKH), Höegh LNG Partners LP (NYSE:HMLP) and Transocean Partners LLC (NYSE:RIGP)McAllister's appointment – together with earlier appointments of Sheila Khama, Amelia Kinahoi Siamomua and Gina Stryker – brings 50-50 gender parity to TMC's boardroom. With just three percent of S&P 500 companies' boards comprised of 50 percent or more women today, TMC is joining a small but rapidly growing number of companies delivering on gender parity goals NEW YORK, Feb. 10, 2022 (GLOBE NEWSWIRE) -- The Met
NEW YORK, Aug. 08, 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 Wednesday, August 14, 2024, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2024 Conference Call Details Date:Wednesday, August 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', approxima
NEW YORK, May 06, 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 Monday, May 13, 2024, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2024 Conference Call Details Date: Monday, May 13, 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', approximatel
NEW YORK, March 18, 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 Monday, March 25, 2024, to provide an update on fourth quarter and full year financial results, and recent corporate developments. Fourth Quarter and Full Year 2023 Conference Call Details Date:Monday, March 25, 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
NEW YORK, Nov. 02, 2023 (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 9, 2023, to provide an update on third quarter financial results and recent corporate developments. Third Quarter 2023 Conference Call Details Date:Thursday, November 9, 2023 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', approximat
NEW YORK, Aug. 08, 2023 (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 Monday, August 14, 2023, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2023 Conference Call Details Date:Monday, August 14, 2023 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', approximately two
NEW YORK, May 11, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the first quarter ending March 31, 2023. Q1 2023 Financial Highlights Net income and per share amount of $nil for the quarter ended March 31, 2023, after recording a gain on disposition of asset of approximately $14 millionTotal cash of approximately $28.4 million at March 31, 2023The Company believes that existing cash and liquidity will be sufficient to fund operations for at least the next twelve months Gerard Barron, TMC Chairman and CEO,
NEW YORK, May 02, 2023 (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, May 11, 2023, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2023 Conference Call Details Date:Thursday, May 11, 2023 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', approximately two hours
NEW YORK, March 23, 2023 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the fourth quarter ending December 31, 2022. Q4 2022 and FY 2022 Financial Highlights Net loss of $109.6 million and loss per share of $0.41 for the quarter ended December 31, 2022. Following the successful conclusion of the integrated pilot nodule collection system trial in November 2022, we recorded $69.9 million related to the fair value on grant date ($7 per DeepGreen share in March 2021) of the 10 million Allseas warrants which became e
NEW YORK, March 15, 2023 (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, March 23, 2023, to provide an update on fourth quarter financial results and recent corporate developments. Fourth Quarter 2022 Conference Call Details Date:Thursday, March 23, 2023 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', approximately
NEW YORK, Nov. 14, 2022 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the third quarter ending September 30, 2022. Financial Highlights Net loss of $27.9 million and loss per share of $0.12 for the quarter ended September 30, 2022.Total cash on hand of approximately $66.9 million at September 30, 2022.The Company believes that existing cash will be sufficient to fund operations for at least the next twelve months, past the July 2023 date targeted by the International Seabed Authority (ISA) as the date for the f
TMC and PAMCO successfully produced calcine from a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.'s 2022 test mining, at PAMCO's Hachinohe Rotary Kiln Electric-Arc Furnace (RKEF) facility in JapanThe nodules were heated to remove moisture and initiate the mineral transition to metallic form, producing approximately 500 tonnes of calcine in preparation for smeltingIn the coming months, PAMCO intends to commence the next phase of the processing trial by transferring the calcine material to its electric arc furnace for smelting into a high-grade nickel-copper-cobalt alloy and manganese silicate productThe goal of the commercial-scale campaign is the col
NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Current liquidity available from credit facilities of approximately $48.3 millionIncreased borrowing capacity of our unsecured credit facilities by $7.5 million in August 2024: ERAS/Barron facility from $20 million to $25 million, andAllseas Group SA affiliate facility from $25 million to $27.5 million $12.1 million cash used in operations fo
NEW YORK, Aug. 08, 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 Wednesday, August 14, 2024, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2024 Conference Call Details Date:Wednesday, August 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', approxima
As part of TMC's pilot-scale nodule processing, SGS and TMC produced the world's first cobalt sulfate from deep-seafloor polymetallic nodules, continuing to indicate TMC's resource is suitable for battery and energy transition marketsThe cobalt sulfate was produced in a testing program conducted in collaboration with SGS applying TMC's efficient flowsheet design that processes high-grade nickel-copper-cobalt matte directly to high-purity cobalt sulfate (without making cobalt metal) and produces fertilizer products instead of solid waste or tailingsKey milestone advances TMC's aim to decrease reliance on land-based cobalt deposits and supply chains, and follows last month's successful product
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) --
As reported by the Wall Street Journal, the House version of the fiscal year 2025 National Defense Authorization Act (NDAA) calls for $2 million allocated to the Defense Department's Industrial Base Policy Office to study the feasibility of developing domestic capacity to refine polymetallic nodule-derived intermediates to high-purity nickel, copper and cobalt products. The legislation also proposes to examine existing supply chains for such intermediates.In addition, TMC's U.S. subsidiary has an outstanding application seeking a $9 million grant under the Pentagon's Defense Production Act Title III program for feasibility work on a domestic refinery for nodule-derived intermediate products.
NEW YORK, May 13, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (NASDAQ:TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and first quarter financial results for the period ending March 31, 2024. Q1 2024 Financial Highlights $11.9 million cash used in operations for the quarter ended March 31, 2024Net loss of $25.2 million and net loss per share of $0.08 for the quarter ended March 31, 2024Total liquidity of approximately $49 million at March 31, 2024, inclusive of: Cash of $4.0 millionThe $25 million unsecured credit facility from an affiliate of Allseas Group SA with a maturity date of
TMC's subsidiary, NORI, has submitted comprehensive data to the International Seabed Authority, detailing findings from environmental baseline campaigns from the NORI-D exploration area up to January 2022.The data encompasses 32,617 benthic and 42,036 pelagic biological occurrences, over 12,000 seafloor images, and extensive time-series data from three years of monitoring via oceanographic moorings.NORI's latest submission is part of a broader dataset of hundreds of terabytes of data collected by leading independent scientists and expert industry partners during 22 offshore environmental baseline and resource definition campaigns conducted over more than a decade.The complete NORI-D dataset
NEW YORK, May 06, 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 Monday, May 13, 2024, to provide an update on first quarter financial results and recent corporate developments. First Quarter 2024 Conference Call Details Date: Monday, May 13, 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', approximatel
As part of TMC's pilot-scale nodule processing, SGS and TMC produced the world's first nickel sulfate from deep-seafloor polymetallic nodules, indicating TMC's resource is suitable for battery marketsThe nickel sulfate was produced in a testing program conducted in collaboration with SGS and other industry leaders applying TMC's efficient flowsheet design that processes high-grade nickel matte direct to nickel sulfate (without making nickel metal) and produces fertilizer products instead of solid waste or tailingsTMC holds exploration rights to the world's two largest-ranked undeveloped nickel deposits, which could offer a less impactful alternative to market dominant rainforest-sourced nick
The chief executive of Impossible Metals, a privately held company developing ocean floor mining technology, is leaning toward offtake agreements rather than a public listing to fund full commercial operations. Offtake agreements are legally binding contracts where a buyer promises to take a certain amount of product at a specified price or price range in the future. These deals are important for early-stage mining companies because they allow them to more easily obtain money from lenders or investors to develop capital intensive projects. "I think offtake agreements are quite attractive," Impossible Metals CEO Oliver Gunasekara told Benzinga. However, he stressed that nothing is set i
As part of TMC's pilot-scale nodule processing, SGS and TMC produced the world's first cobalt sulfate from deep-seafloor polymetallic nodules, continuing to indicate TMC's resource is suitable for battery and energy transition marketsThe cobalt sulfate was produced in a testing program conducted in collaboration with SGS applying TMC's efficient flowsheet design that processes high-grade nickel-copper-cobalt matte directly to high-purity cobalt sulfate (without making cobalt metal) and produces fertilizer products instead of solid waste or tailingsKey milestone advances TMC's aim to decrease reliance on land-based cobalt deposits and supply chains, and follows last month's successful product
Top Stories for May 23, 2024: Foremost Lithium (NASDAQ:FMST): The Vancouver-based company completed its 2024 winter drilling program on its Zoro property, achieving over 5,800 meters across 21 diamond drill holes. Results show lithium mineralization continuity along Dyke 1, extending the mineralized body by 150 meters to over 400 meters, with potential for further expansion. Dyke 1 remains open in all directions. Initial assays confirmed lithium presence, with more results pending. This expansion could lead to new resource calculations and further exploration. TMC, The Metals Company (NASDAQ:TMC): The company praised a decision from the U.S. House of Representatives a
Wedbush analyst Daniel Ives reiterates TMC Metals (NASDAQ:TMC) with a Neutral and maintains $4 price target.
Shares of Alcon Inc. (NYSE:ALC) rose sharply in today's pre-market trading following better-than-expected first-quarter earnings. Alcon posted adjusted earnings of 78 cents per share, beating market expectations of 63 cents per share. The company's quarterly sales came in at $2.444 billion versus estimates of $2.462 billion, according to data from Benzinga Pro. Alcon shares jumped 10.8% to $89.40 in the pre-market trading session. Here are some other stocks moving in pre-market trading. Gainers GameStop Corp. (NYSE:GME) gained 40.2% to $42.70 in pre-market trading after jumping over 74% on Monday. Faraday Future Intelligent Electric Inc. (NASDAQ:FFIE) gained 39.2% to $0.08
U.S. stock futures were slightly higher this morning, with the Dow futures gaining around 20 points on Tuesday. Shares of TeraWulf Inc. (NASDAQ:WULF) fell sharply in today's pre-market trading after the company reported downbeat results for its first quarter on Monday. The Bitcoin mining company reported quarterly losses of 3 cents per share which missed the analyst consensus estimate of earnings of 4 cents per share. Quarterly revenue came in at $42.433 million, missing the analyst consensus estimate of $51.092 million, according to data from Benzinga Pro. TeraWulf shares tumbled 9.3% to $2.03 in pre-market trading. Here are some big stocks recording losses in today's pre-market
TMC Metals (NASDAQ:TMC) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.05) by 60 percent.