Past year: ▼ 50%(3.52 – 7.07 USD)
Each one in plain English, with the numbers worked through for a shareholder.
29 Aug 2025business combination● Neutral
TMC shareholders approved increasing the share pool under the company's 2021 equity incentive plan from about 70.3 million to 110.3 million shares at a special meeting, filed on the successor-registrant Form 8-K12B.
4 Aug 2025resource reserve update▲ GoodMajor
TMC published its first two SEC S-K 1300 technical reports on its Pacific nodule properties -- a pre-feasibility study for the NORI Area D project and an initial resource assessment covering both its TOML and NORI license areas -- a major step in formalizing its resource base under US reporting standards.
4 Aug 2025debt financing● NeutralMajor
TMC's TOML subsidiary signed a revised sponsorship agreement with the Kingdom of Tonga, replacing its 2021 agreement with updated terms on Tonga's share of future seabed-mineral production revenue, backed by a new TMC parent guarantee of TOML's obligations.
12 May 2025material agreement▲ Good
TMC raised about $37 million in a registered direct offering (12.33 million shares at $3.00 plus warrants) -- a sharply higher share price than its late-2024 raises, reflecting improved investor sentiment.
10 Jan 2025listing compliance notice▼ Bad
TMC received a third Nasdaq minimum-bid-price deficiency notice, though its stock had already been trading back above $1.00 for several days by the time of the filing.
26 Nov 2024material agreement● Neutral
TMC upsized the November stock offering to $19.9 million by adding new purchasers on the same terms.
15 Nov 2024material agreement● Neutral
TMC raised $17.5 million in another registered direct stock offering (17.5 million shares at $1.00 plus warrants).
24 Oct 2024debt financing▼ Bad
TMC increased the same Allseas working-capital loan from $5 million to $7.5 million.
12 Sept 2024debt financing▼ Bad
TMC borrowed a new $5 million working-capital loan from Allseas Investments to repay a maturing $2 million short-term loan and fund general operations, deepening its financial reliance on its seafloor contractor Allseas.
16 Aug 2024debt financing● Neutral
TMC increased its unsecured credit facility with an Allseas-related lender from $25 million to $27.5 million.
28 May 2024business combination▲ GoodMajor
The SEC concluded its investigation into TMC's 2020 acquisition of Tonga Offshore Mining Limited and its 2021 SOAC merger without recommending any enforcement action against the company or its officers and directors, closing out a multi-year regulatory overhang.
25 Mar 2024financial restatement▼ BadMajor
TMC disclosed it would restate its 2023 financial statements, reversing the $13.75 million gain it had booked on the 2023 Low Carbon Royalties deal after concluding the transaction should be treated as a debt-like royalty liability rather than a sale of a non-financial asset.
21 Dec 2023material agreement● Neutral
TMC amended its at-the-market equity program to drop Stifel as a sales agent, leaving Wedbush as the sole remaining agent.
14 Aug 2023material agreement▲ Good
TMC raised about $26.9 million in a registered direct stock offering (13.46 million shares plus warrants), with $10 million of it coming from a fund controlled by TMC director Andrei Karkar.
1 Aug 2023material agreement● NeutralMajor
Following an inconclusive session of the International Seabed Authority on international seabed-mining rules, TMC gave a corporate update on its expected production timeline and costs, disclosed a new Exclusive Vessel Use Agreement and an amendment to its unsecured credit facility, and reported preliminary mid-2023 cash on hand.
20 Apr 2023listing compliance notice▼ Bad
TMC received a second Nasdaq minimum-bid-price deficiency notice after briefly regaining compliance in February 2023; its stock had again closed below $1.00 for 30 straight trading days.
22 Feb 2023material agreement▲ GoodMajor
TMC's NORI subsidiary sold a 2% royalty on its Clarion-Clipperton Zone nodule project to Low Carbon Royalties for $5 million cash plus a 35% equity stake in Low Carbon Royalties, while retaining an option to buy back up to 75% of the royalty later.
17 Feb 2023material agreement● Neutral
TMC settled the final $10 million payment owed to its seafloor contractor Allseas for completing a pilot mining trial in its NORI license area by issuing Allseas 10.85 million shares at $1.00 each instead of cash.
22 Dec 2022material agreement● Neutral
TMC set up a $30 million at-the-market equity program with Stifel and Wedbush, giving it a standing option to sell shares into the market as needed.
6 Dec 2022listing compliance notice▼ BadMajor
TMC received its first Nasdaq notice that its stock had closed below the $1.00 minimum bid-price requirement for 30 straight trading days, starting a 180-day clock to regain compliance.
17 Mar 2022material agreement● Neutral
TMC signed a non-binding memorandum of understanding with India's Epsilon Carbon to study building a plant to process the company's seafloor nodules -- an early step toward a potential Indian processing partnership.
15 Sept 2021business combination▲ GoodMajor
The SOAC/DeepGreen merger closed: DeepGreen became a wholly-owned subsidiary of the renamed TMC the metals company Inc., trading on Nasdaq, with insiders and DeepGreen's founding shareholders locked up under a new registration rights agreement -- completing the process announced in March 2021.
10 Sept 2021listing compliance notice▲ GoodMajor
the exchange certified TMC the metals Co Inc.'s securities for listing, clearing them to begin trading.
9 Sept 2021listing compliance notice▼ BadMajor
TMC the metals Co Inc.'s securities were notified for removal from listing and registration on its exchange.
7 Sept 2021merger communication▲ GoodMajor
SOAC shareholders approved the business combination and all related proposals at their September 3, 2021 special meeting, clearing the final hurdle before closing the DeepGreen merger.
27 Aug 2021merger communication● Neutral
Duplicate filing of the same NYSE delisting announcement.
27 Aug 2021business combination● Neutral
SOAC formally announced its intent to voluntarily delist its units, shares and warrants from the NYSE upon closing the DeepGreen merger, confirming the post-merger entity would be named TMC.
26 Aug 2021business combination▼ Bad
SOAC disclosed plans to voluntarily delist from the NYSE and rename itself TMC the metals company Inc. upon closing the DeepGreen merger, and disclosed six shareholder demand letters alleging its merger proxy statement had disclosure deficiencies -- a common pattern in SPAC-merger litigation, which SOAC said it believed were without merit.
26 Aug 2021merger communication▼ Bad
Duplicate filing disclosing SOAC's plan to voluntarily delist from the NYSE and rename itself TMC the metals company Inc. upon closing, alongside disclosure that SOAC had received six shareholder demand letters alleging its merger proxy statement had disclosure deficiencies.
16 Aug 2021merger communication● Neutral
SOAC announced its definitive merger proxy statement/prospectus had been filed and set September 3, 2021 for its shareholder vote, with its board recommending shareholders vote FOR the deal.
