ls company Q4 and FY 2021 Update: Key Strategic Announcements Bringing TMC Closer to Unlocking the World's Largest Estimated Undeveloped Source of Battery Metals. March 24, 2022 Forward looking statements. Certain statements made in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "e ...

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, 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 ...

Better Metals for EVs metals company Q3 Company Update November 11, 2021 Forward looking statements. Certain statements made in this presentation are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential, ...

Financial Data and Key Metrics Changes - The company reported a net loss of $36.7 million or $0.18 per share for Q3 2021, compared to a net loss of $6.8 million or $0.04 per share for Q3 2020, primarily due to increased milestone payments and offshore campaign expenses [55] - For the nine months ended September 30, 2021, the net loss was $121.5 million, up from $39.5 million in the prior year period, with exploration expenses increasing from $35.7 million to $80.2 million [58][60] - General and Administrative expenses rose from $3.8 million to $41 million during the first nine months of 2021, driven by higher stock-based compensation and overall costs associated with being a public company [58][59] Business Line Data and Key Metrics Changes - Exploration expenses for Q3 2021 were $23.8 million, significantly higher than $4.6 million for Q3 2020, attributed to milestone payments and increased offshore activity [56] - Free cash flow for Q3 2021 was negative $9.8 million, compared to negative $3.8 million in Q3 2020, indicating increased cash outflows [57] Market Data and Key Metrics Changes - The company highlighted the need for a fivefold increase in base metal supply to meet global energy transition goals, requiring an investment of $2 trillion [7] - The International Energy Agency indicated that achieving Net Zero by 2050 would require six times more mineral inputs than today [6] Company Strategy and Development Direction - The company aims to secure funding to commence production in 2024, focusing on strategic partnerships with car manufacturers and other stakeholders [50] - The development of polymetallic nodules in the Clarion-Clipperton Zone is seen as a critical opportunity to supply battery metals while minimizing environmental impact [12][16] Management's Comments on Operating Environment and Future Outlook - Management noted a shift in conversations with strategic partners, emphasizing the importance of controlling supply chains and sustainability in the electric vehicle transition [71] - The company is optimistic about completing its pilot mining trial and securing necessary funding by Q1 2023 to support production [87] Other Important Information - The business combination with Sustainable Opportunities Acquisition Corp was completed on September 9, 2021, with the company receiving approximately $137 million in cash [26] - The company has secured exclusive exploration rights to three areas sponsored by Pacific island nations, with plans to submit an application for an exploitation contract by Q3 2023 [19][27] Q&A Session Summary Question: Changes in conversations with strategic partners - Management noted a discernible change in discussions with automakers, highlighting the need for control over supply, availability, and sustainability [71] Question: Top priorities for 2022 - Key priorities include completing the pilot mining trial and releasing more environmental data [72][75] Question: Adjustments due to PIPE funding shortfall - Management expressed disappointment over raising less money than anticipated but confirmed sufficient capital to continue value-adding activities [81] Question: Public comments on the pilot test - Feedback from stakeholders has been complimentary regarding the environmental impact study, with no significant concerns raised [90] Question: ISA decision timeline - The ISA's decision process is outlined to take 315 days, which is considered reliable by management [95] Question: China's involvement in deep-sea mining - Management acknowledged China's active role in the sector but remains confident in being the first to production [103]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SUSTAINABLE OPPORTUNITIES ACQUISITION CORP. | (Exact name of registrant as specified in its charter) | | | | --- | --- | --- | | Cayman Islands | 001-39281 | 98-152376 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ Indicate by check mark whether the registrant has submitted electronically ...

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, 2020 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SUSTAINABLE OPPORTUNITIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Cayman Islands 001-39281 | 98-1523768 | | --- | --- | | (State ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SUSTAINABLE OPPORTUNITIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Cayman Islands | 001-39281 | 98-1523768 | | --- | --- | --- | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SUSTAINABLE OPPORTUNITIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Cayman Islands | 001-39281 | 98-1523768 | | --- | --- | --- | | (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to SUSTAINABLE OPPORTUNITIES ACQUISITION CORP. (Exact name of registrant as specified in its charter) | Cayman Islands | 001-39281 | 98-1523768 | | --- | --- | --- | | ( ...