Core Viewpoint - A class action lawsuit has been filed against TMC the metals company Inc. for failing to disclose deficiencies in its internal controls over financial reporting, leading to misclassification of financial statements [1][2]. Group 1: Allegations and Financial Misstatements - The lawsuit alleges that TMC did not disclose that it maintained deficient internal controls over financial reporting [2]. - TMC inaccurately classified the sale of future revenue from the LCR Partnership as deferred income instead of debt, which is a significant accounting error [2]. - On March 25, 2024, TMC announced that its financial statements for the first three quarters of 2023 should be restated, indicating that the previous classifications were incorrect [3]. Group 2: Impact on Stock Price - Following the disclosure of the need to restate financial statements, TMC's stock price fell by $0.205 per share, a decrease of 13.23%, closing at $1.345 per share on March 26, 2024 [3]. Group 3: Class Action Participation - Shareholders interested in participating in the class action must submit their application to serve as lead plaintiff by January 7, 2025 [4]. - Shareholders can remain absent class members if they choose not to participate in the case [4]. Group 4: About Robbins LLP - Robbins LLP is a law firm specializing in shareholder rights litigation and has recovered over $1 billion for shareholders since its inception in 2002 [6].

NEW YORK, Nov. 07, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) (“TMC” or “the Company”), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Thursday, November 14, 2024, to provide an update on third quarter financial results and recent corporate developments.  Third Quarter 2024 Conference Call Details  Date: Thursday, November 14, 2024  Time: 4:30 p.m. ET  Audio-only Dial-in: Register Here  Virtual webcast with ...

TMC the metals company Inc. (NASDAQ:TMC) Q2 2024 Earnings Call August 14, 2024 4:30 PM ET Company Participants Craig Shesky - Chief Financial Officer Gerard Barron - Chairman and Chief Executive Officer Operator Good day and thank you for standing by. Welcome to the metals company Second Quarter 2024 Corporate Update Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your first speaker today, Craig Shesky, CFO ...

The Metals Company: Unlocking the World's Largest Estimated Undeveloped Source of Battery Metals August 14, 2024 Nasdaq: TMC 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 ("TMC" or the "Company") future operations and financial performance, and the Company's plans, str ...

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

Exhibit 99.1 The Metals Company Provides Second Quarter 2024 Corporate Update NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights · Current liquidity available from credit facilities of approximately $48.3 million · Increased borrowing capacit ...

NEW YORK, Aug. 14, 2024 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today provided a corporate update and financial results for the second quarter ending June 30, 2024. Q2 2024 Financial Highlights Current liquidity available from credit facilities of approximately $48.3 million Increased borrowing capacity of our unsecured credit facilities by $7.5 million in August 2024: ERAS/Barron f ...

NEW YORK, Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Metals Company (Nasdaq: TMC) ("TMC" or "the Company"), an explorer of lower-impact battery metals from seafloor polymetallic nodules, today announced that it will host a conference call on Wednesday, August 14, 2024, to provide an update on second quarter financial results and recent corporate developments. Second Quarter 2024 Conference Call Details | --- | --- | |---------------------|----------------------------| | | | | Date: | Wednesday, August 14, 2024 | ...

TMC, based in Des Moines, Iowa, has selected Trimble's Instinct and Video Intelligence fleet management solutions to improve the overall safety, compliance and operational efficiency of its fleet. TMC, based in Des Moines, Iowa, has selected Trimble's Instinct and Video Intelligence fleet management solutions to improve the overall safety, compliance and operational efficiency of its fleet. Founded in 1972, TMC is a leader in North America's flatbed transportation services and the largest privatelyheld flat ...

Kobus Louw/E+ via Getty Images The Metals Company (NASDAQ:TMC) is a deep-sea minerals exploration company which aims to mine critical battery metals from the Clarion Clipperton Zone (CCZ). Founded in 2011, it went public via a SPAC in September 2021. Since going public, it has returned -86.7% to investors and trades at $1.41 per share as of June 13th, 2024. TMC cannot yet market its products and generates zero revenue. The latest report estimates the beginning of "small-scale" commercial operations in Q1-20 ...