TMC the metals company Inc. (NASDAQ:TMC) Q4 2022 Earnings Conference Call March 23, 2023 4:30 PM ET Company Participants Gerard Barron - Chairman and Chief Executive Officer Craig Shesky - Chief Financial Officer Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm McDonald - Bank of America Operator Good afternoon, everyone and thank you for participating in The Metals Company Fourth Quarter and Full Year 2022 Corporate Update Conference Call. Joining us today are The Metals Compa ...

TMC the metals company Inc. (NASDAQ:TMC) Q3 2022 Earnings Conference Call November 15, 2022 4:30 PM ET Company Participants Craig Shesky - CFO Gerard Baron - CEO Conference Call Participants Dmitry Silversteyn - Water Tower Research Malcolm MacDonald - Bank of America Operator Good afternoon, everyone. And thank you for participating in The Metals Company Second [Third] (sic) Quarter 2022 Corporate Update Conference Call. Joining us today are The Metals Company's Chairman and Chief Executive Officer, Gerard ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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 TMC THE METALS COMPANY INC. (Exact name of registrant as specified in its charter) British Columbia ...

TMC the metals company Inc. (NASDAQ:TMC) Q2 2022 Earnings Conference Call August 15, 2022 4:30 PM ET Company Participants Gerard Baron - Chairman and CEO Craig Shesky - CFO Conference Call Participants Malcolm MacDonald - Merrill Lynch Operator Good afternoon, everyone and thank you for participating in the Metals Company's Second Quarter 2022 Corporate Update Conference Call. Joining us today are the Metals Company's Chairman and Chief Executive Officer, Gerard Baron and Chief Financial Officer, Craig Shes ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 ☐ 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 TMC THE METALS COMPANY INC. (Exact name of registrant as specified in its charter) British Columbia, Canada ...

metals company Q1 2022 Update: Unlocking the World's Largest Estimated Undeveloped Source of Battery Metals. May 9, 2022 Forward looking statements. This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that relate to future events, TMC the metals company Inc.'s (the "Company") future operations or financial performance, or the Company's plans, strategies and pro ...

Financial Data and Key Metrics Changes - For Q1 2022, the company reported a net loss of $21.1 million or $0.09 per share, compared to a net loss of $55.7 million or $0.29 per share for Q1 2021, indicating an improvement in financial performance [43] - The net operating loss for Q1 2022 was $15.9 million, primarily driven by non-cash share-based compensation of $5.7 million and $1.3 million for the pilot mining test system [43] - Exploration expenses decreased to $7.3 million in Q1 2022 from $38.1 million in Q1 2021, reflecting reduced offshore campaign spending [44] - General and administrative expenses were $8.6 million in Q1 2022, down from $17.4 million in Q1 2021, due to a reduction in share-based compensation [45] Business Line Data and Key Metrics Changes - The company is developing the NORI-D project, which is estimated to contain 356 million tons of wet nodules, representing 22% of the total estimated resource [13] - NORI-D is expected to produce up to 125,000 tons of nickel annually, which would account for approximately 10% of current global production of Class 1 nickel [13] Market Data and Key Metrics Changes - The recent rally in metal prices has significantly increased the expected net present value (NPV) for the NORI-D project to approximately $22 billion, up from an initial assessment of $6.8 billion [9][42] - Nickel prices have increased by 45% in 2022, highlighting the growing demand and supply constraints in the market [41] Company Strategy and Development Direction - The company aims to develop the largest estimated potential source of battery metals, which could electrify 280 million electric vehicles [7] - The strategy includes a capital-light approach to production, with Project Zero expected to reduce preproduction costs significantly [16] - The company is focused on sustainability, with lower ESG impacts compared to land-based mining, and aims to leverage its unique resource position to meet the growing demand for battery metals [8][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in overcoming supply chain risks and highlighted the importance of strategic partnerships in achieving project milestones [66] - The company anticipates that the exploitation regime will be finalized by July 2023, keeping it on track for commercial production in Q4 2024 [36] - Management believes that the current market cap represents less than 1% of the fundamental value of the estimated resource, indicating a strong investment opportunity [49] Other Important Information - The company has a cash balance of $69 million as of March 31, which is expected to fund operations and capital expenditures for at least the next 12 months [39] - The company has engaged SINTEF to analyze its manganese silicate product, which shows significant advantages over conventional land-based manganese ores [21] Q&A Session Summary Question: Were there any surprises with the equipment during deep-sea trials? - Management reported no significant surprises, with minor operational adjustments needed, indicating successful testing of the equipment [52] Question: Can you provide insight on capital spending over the next couple of quarters? - The company expects preproduction capital expenditures of approximately $55 million for Project Zero, while managing costs amid inflation [53] Question: Do you foresee any potential headwinds looking into 2022 or 2023? - Management sees more tailwinds than headwinds, emphasizing the importance of securing supply chains for battery metals amid ongoing global challenges [66] Question: What is the status of the relationship with Glencore? - The company maintains a good relationship with Glencore, which has provided off-take agreements and support [71] Question: What is the confidence level regarding the ISA process and timeline for the exploitation contract? - Management remains confident that the ISA will adopt the exploitation code by July 2023, facilitating the application for the exploitation contract [73]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 ☐ 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 TMC THE METALS COMPANY INC. (Exact name of registrant as specified in its charter) British Columbia, Canad ...

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, 2021 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 TMC THE METALS COMPANY INC. (Exact name of registrant as specified in its charter) British Columbia, Canada ...

TMC the metals company Inc. (NASDAQ:TMC) Q4 2021 Earnings Conference Call March 24, 2022 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerry Baron - Chairman & Chief Executive Officer Vikram Handa - Managing Director, Epsilon Carbon Conference Call Participants Jake Sekelsky - Alliance Global Partners David Snow - Energy Equities John Katsingris - Wedbush Securities Malcolm MacDonald - Bank of America Operator Good afternoon, everyone and thank you for participating in the Metals C ...