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The Metals Company Reduces Licensing Risk By Pursuing U.S. Regulation
Seeking Alpha· 2025-04-15 13:20
Editor's note: Seeking Alpha is proud to welcome FR Insights as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.Technology innovation and commercialization analyst focused on energy, natural resources, and space sectors. Focus on frontier mining, including marine minerals, lunar resources, and uranium. Over 13 years of experience across startups, think t ...
Rutger Bosland, Pioneering Engineer and Technical Lead on Development of TMC's Nodule Collection System, Joins Company to Drive Commercial Readiness
Newsfilter· 2025-04-15 12:50
Rutger Bosland, the engineer and technical lead who oversaw the design, build and successful test deployment of Allseas' integrated nodule collection system, joins TMC to lead offshore innovation and scale its technologies for commercial productionAs Chief Innovation and Offshore Technology Officer (CIOTO), Rutger will focus on the Company's efforts to optimize the performance of our commercial scale nodule collection system to meet our production ramp-up strategy to unlock the potential of our nodule resou ...
Rutger Bosland, Pioneering Engineer and Technical Lead on Development of TMC’s Nodule Collection System, Joins Company to Drive Commercial Readiness
GlobeNewswire· 2025-04-15 12:50
Nodule collector vehicle Gerard Barron and Rutger Bosland inspect the Allseas-designed collector vehicle after NORI's test mining campaign in 2022. Rutger Bosland, the engineer and technical lead who oversaw the design, build and successful test deployment of Allseas’ integrated nodule collection system, joins TMC to lead offshore innovation and scale its technologies for commercial productionAs Chief Innovation and Offshore Technology Officer (CIOTO), Rutger will focus on the Company’s efforts to optim ...
TMC the metal company (TMC) - 2024 Q4 - Earnings Call Transcript
2025-03-27 23:46
TMC the metals company Inc. (NASDAQ:TMC) Q4 2024 Results Conference Call March 27, 2025 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerard Barron - Chairman & Chief Executive Officer Conference Call Participants Matthew O'Keefe - Cantor Fitzgerald Jake Sekelsky - Alliance Global Partners Dmitry Silversteyn - Water Tower Research Operator Good day, and thank you for standing by. Welcome to The Metals Company Fourth Quarter 2024 Corporate Update Conference Call. At this time, all pa ...
TMC the metal company (TMC) - 2024 Q4 - Annual Report
2025-03-27 21:11
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-39281 Vancouver, British Columbia V6E 2J3 (Address of principal executive of ices) (Zip Code) (888) 458-3420 Secur ...
TMC the metal company (TMC) - 2024 Q4 - Annual Results
2025-03-27 20:28
Q4 and FY 2024 Financial Highlights Gerard Barron, Chairman & CEO of The Metals Company commented: "Over the last decade, we've invested over half a billion dollars to understand and responsibly develop the nodule resource in our contract areas. We built the world's largest environmental dataset on the CCZ, carefully designed and tested an offshore collection system that minimizes the environmental impacts and followed every step required by the International Seabed Authority. But, despite collaborating in ...
TMC Announces Fourth Quarter and Full Year 2024 Results
GlobeNewswire· 2025-03-27 20:15
NEW YORK, March 27, 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 provided a corporate update and fourth quarter and full year financial results for the period ended December 31, 2024. Q4 and FY 2024 Financial Highlights Current liquidity available from our cash on hand and our credit facilities of approxim ...
The Metals Company to Apply for Permits under Existing U.S. Mining Code for Deep-Sea Minerals in the High Seas in Second Quarter of 2025
Newsfilter· 2025-03-27 20:01
Core Viewpoint - TMC the metals company Inc. is advancing its efforts to secure exploration licenses and commercial recovery permits for deep-sea mineral resources under the U.S. Deep Seabed Hard Mineral Resources Act of 1980, believing that the U.S. regulatory framework offers a stable and predictable path for development [1][2][3]. Group 1: Regulatory Framework - TMC USA has initiated a formal process with NOAA to apply for exploration licenses and commercial recovery permits, citing the U.S. seabed mining code as the most favorable for timely permit acquisition [1][2]. - The Deep Seabed Hard Mineral Resources Act (DSHMRA) was enacted in 1980, granting NOAA the authority to regulate exploration and recovery activities in international waters, with implementing regulations established in 1981 and 1989 [6]. - NOAA's approach to regulation is science-based and flexible, allowing for necessary trade-offs while ensuring environmental protection [6]. Group 2: Company Commitment and Strategy - Over the past decade, the company has invested over $500 million to develop its nodule resource and has created the largest environmental dataset on the Clarion Clipperton Zone (CCZ) [3]. - The company is encouraged by the growing recognition in Washington of the strategic importance of deep-sea minerals for America's supply chain and is moving forward with urgency in its application process [3][5]. - TMC USA expects to submit applications to NOAA in the second quarter of 2025, reflecting its commitment to responsible development and environmental stewardship [3][5]. Group 3: Environmental Considerations - The company has designed an offshore collection system aimed at minimizing environmental impacts and has adhered to all necessary steps required by the International Seabed Authority [3]. - NOAA has developed a Programmatic Environmental Impact Statement for the CCZ, ensuring that environmental permitting decisions are based on comprehensive data [6].
The Metals Company Announces Fourth Quarter and Full Year 2024 Corporate Update Conference Call for Thursday, March 27, 2025
GlobeNewswire· 2025-03-21 15:31
Core Viewpoint - TMC the metals company Inc. is set to provide an update on its fourth quarter and full year 2024 financial results and recent corporate developments during a conference call on March 27, 2025 [1]. Group 1: Conference Call Details - The conference call will take place on Thursday, March 27, 2025, at 4:30 p.m. ET [2]. - Participants can join via audio-only dial-in or a virtual webcast, which will be available for replay approximately two hours after the event [2]. Group 2: Company Overview - The Metals Company focuses on exploring lower-impact critical metals sourced from seafloor polymetallic nodules, aiming to supply metals for infrastructure, power generation, transmission, and batteries [3]. - The company has a dual mission: to provide metals with net positive impacts compared to conventional production methods and to trace, recover, and recycle these metals to create a sustainable metals commons [3]. - TMC holds exploration and commercial rights to two polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean, regulated by the International Seabed Authority and sponsored by the Republic of Nauru and the Kingdom of Tonga [3].
World First: TMC and PAMCO Achieve a New Nodule Processing Milestone, Unlocking Critical Energy & Steelmaking Materials at Existing Facilities
Newsfilter· 2025-02-18 13:05
TMC and PAMCO have successfully demonstrated the production flowsheet for its initial commercial production using a 2,000-tonne sample of nodules collected during TMC subsidiary Nauru Ocean Resources Inc.'s 2022 test mining, at PAMCO's commercial operating facility in Hachinohe, JapanFollowing the commercial-scale production of calcine in September 2024, PAMCO engineers fed calcine material into the company's 3,000 kVA DC electric-arc furnace where it was smelted into high-grade nickel-copper-cobalt alloy a ...