Core Insights - TMC has successfully produced high-grade nickel-copper-cobalt alloy and manganese silicate from deep-seafloor polymetallic nodules during a smelting campaign, marking a significant milestone in its feasibility program [1][2][3] Group 1: Production and Processing - The company processed a 2,000-tonne sample of nodules at PAMCO's facility in Japan, utilizing a 3,000 kVA DC electric-arc furnace to produce the alloy and silicate [2][9] - The smelting campaign lasted 14 days, during which approximately 450 tonnes of calcine material were processed, confirming the feasibility of integrating nodule processing into existing metallurgical operations [2][9] - The manganese silicate produced is intended for use in steelmaking, offering significant cost advantages over conventional manganese ores [9] Group 2: Strategic Partnerships and Future Plans - TMC's collaboration with PAMCO allows the company to leverage existing processing capacity, avoiding high costs associated with building new plants, thus saving billions in capital expenditures [2][4] - The successful completion of the processing feasibility study positions TMC to submit the world's first exploitation application for commercial nodule production in international waters [3][9] - A Memorandum of Understanding was signed in November 2023 between TMC and PAMCO to process 1.3 million tonnes of wet polymetallic nodules annually, further solidifying their partnership [4][9] Group 3: Company Vision and Mission - TMC aims to supply lower-impact battery metals for the global energy transition while minimizing negative impacts on the environment and society [5] - The company holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone, regulated by the International Seabed Authority [5]

Group 1 - TMC the metals company experienced a significant stock price increase of 93%, rising from $0.74 on December 19, 2024, to $1.43 on January 27, 2025 [1] - The surge in stock price is attributed to growing optimism in the market regarding the company's prospects [1] Group 2 - The investment philosophy of the analyst focuses on value, particularly within the Metals & Minerals sector [1] - The analyst has over 5 years of experience in public markets and specializes in analyzing the dynamics of the Metals Trading industry [1]

The FY25 National Defense Authorization Act (NDAA) mandates a Defense Department feasibility study on refining polymetallic nodule-derived intermediates to high-purity nickel, copper, and cobalt productsThe study, to be led by the Industrial Base Policy Office, will evaluate options to bolster domestic critical mineral supply chainsSeparately, TMC's U.S. subsidiary has applied for a $9 million Defense Production Act Title III grant to advance feasibility work on a domestic refinery for nodule-derived interm ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against TMC the metals company Inc due to allegations of violations of federal securities laws, encouraging affected investors to seek legal recourse [2][4]. Group 1: Allegations Against TMC - The complaint alleges that TMC and its executives made false and misleading statements and failed to disclose deficiencies in internal controls over financial reporting [4]. - TMC inaccurately classified the sale of future revenue from the LCR Partnership as deferred income instead of debt, which will require restatement of previously issued financial statements [4][5]. - The company disclosed on March 25, 2024, that its financial statements for the first three quarters of 2023 should be restated, affecting the classification of proceeds from LCR [5]. Group 2: Financial Impact - Following the announcement of the need for restatement, TMC's stock price fell by $0.205 per share, representing a decline of 13.23%, closing at $1.345 per share on March 26, 2024 [6]. Group 3: Legal Proceedings - Investors who suffered losses exceeding $75,000 in TMC between May 12, 2023, and March 25, 2024, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1]. - There is a deadline of January 7, 2025, for investors to seek the role of lead plaintiff in the federal securities class action against TMC [2].

Core Points - Rosen Law Firm is reminding purchasers of TMC the metals company Inc. securities about the lead plaintiff deadline of January 7, 2025 for a class action lawsuit [1] - Investors who purchased TMC securities during the class period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1][2] Group 1: Class Action Details - A class action lawsuit has been filed against TMC, and interested parties can join by submitting a form or contacting the law firm [2][5] - The lawsuit alleges that TMC made false and misleading statements regarding its financial reporting and internal controls, which led to misclassification of revenue [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm has a strong track record in securities class actions, having achieved significant settlements, including the largest against a Chinese company at the time [3] - The firm has been consistently ranked among the top firms for securities class action settlements and has recovered hundreds of millions for investors [3]

NEW YORK, Dec. 13, 2024 /PRNewswire/ --Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the "Class Period"), of the important January 7, 2025 lead plaintiff deadline.So what: If you purchased TMC securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.What to ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Dec. 12, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises TMC the metals company Inc. ("TMC" or the "Company") (NASDAQ: TMC) investors of a class action representing investors that bought securities between May 12, 2023 and March 25, 2024, inclusive (the "Class Period"). TMC investors have until January 7, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Por ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In TMC To Contact Him Directly To Discuss Their OptionsIf you suffered losses exceeding $75,000 in TMC between May 12, 2023 and March 25, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).[You may also click here for additional information]NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Faruqi & ...

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), of the important January 7, 2025 lead plaintiff deadline. SO WHAT: If you purchased TMC securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...

NEW YORK, Nov. 30, 2024 (GLOBE NEWSWIRE) -- WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of TMC the metals company Inc. (NASDAQ: TMC) between May 12, 2023 and March 25, 2024, both dates inclusive (the “Class Period”), of the important January 7, 2025 lead plaintiff deadline. SO WHAT: If you purchased TMC securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. ...