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).
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 Nov 2024securities registration● Neutral
TMC the metals Co Inc. filed a prospectus supplement for an offering off its existing shelf.
14 Nov 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $20.5 million for the period ended 2024-09-30.
12 Nov 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported a quarterly net loss of $20.5 million for the period ended 2024-09-30.
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.
14 Aug 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported quarterly revenue of $410 thousand and a net loss of $20.5 million for the period ended 2024-06-30.
14 Aug 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported quarterly revenue of $410 thousand and a net loss of $20.5 million for the period ended 2024-06-30.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. insider Mcallister Kathleen S received 144,907 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Hall Andrew received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Madsbjerg Christian received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Karkar Andrei received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Khama Sheila received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Siamomua Amelia Kinahoi received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director Greig Andrew Carlyle received 212,934 shares as part of the equity award.
4 June 2024director interest notice● Neutral
May Brendan became a TMC the metals Co Inc. director and company insider (initial ownership filing).
4 June 2024director interest notice● Neutral
TMC the metals Co Inc. director May Brendan received 136,054 shares as part of the equity award.
31 May 2024director interest notice● Neutral
TMC the metals Co Inc. Chief Development Officer O'sullivan Anthony sold 100,000 shares.
31 May 2024agm notice● Neutral
TMC the metals Co Inc. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
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.
23 May 2024director interest notice● Neutral
TMC the metals Co Inc. Chief Development Officer O'sullivan Anthony sold 100,000 shares.
13 May 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported quarterly revenue of $410 thousand and a net loss of $20.2 million for the period ended 2024-06-30.
13 May 2024quarterly activities report▼ Bad
TMC the metals Co Inc. reported quarterly revenue of $410 thousand and a net loss of $20.2 million for the period ended 2024-06-30.
18 Apr 2024substantial holder notice● Neutral
Gerard Barron reported a TMC the metals Co Inc. shareholding of 20,767,847 shares (6.53% of votes) in a periodic institutional filing.
18 Apr 2024director interest notice● Neutral
TMC the metals Co Inc. Chief Executive Officer Barron Gerard received 20,000,000 shares as part of the equity award.
11 Apr 2024director interest notice● Neutral
TMC the metals Co Inc. director Jurvetson Stephen T received a stock option grant for 3,440,000 shares.
11 Apr 2024director interest notice● Neutral
Jurvetson Stephen T became a TMC the metals Co Inc. director and company insider (initial ownership filing).
1 Apr 2024director interest notice● Neutral
TMC the metals Co Inc. Chief Development Officer O'sullivan Anthony sold 50,000 shares at $1.33.
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.